Sponsored Ad:
See the top rated post in this thread. Click here

Page 1 of 3 123 LastLast
Results 1 to 10 of 25

Thread: MSc Economics: Bocconi or BGSE?

  1. #1
    Trying to make mom and pop proud
    Join Date
    Mar 2010
    Posts
    13
    Rep Power
    10


    Good post? Yes | No

    MSc Economics: Bocconi or BGSE?

    Sponsored Ad:
    Hi everybody.

    I absolutely love this forum and now I need you guys to give me some advice.

    I am an italian Bocconi undergrad about to finish my 3-year bachelor course in Economics.
    Two days ago I received an email telling me I have been accepted to Barcelona GSE 's MSc in Economics with full tuition waiver.

    I still don't know the result of my application to Bocconi Msc Economics, but I am pretty sure I will be admitted to the MSc Economics. The question is: with or without scholarship (=tuition waiver)?
    Bocconi's scholarship is basically a tuition waiver for the 1st year and is confirmed for the 2nd year only if you have a GPA of 28/30.

    I initially thought that the best route towards a good PhD program would include 2 additional years in Bocconi, hopefully with scholarship.
    I never considered that BGSE could actually give me a tuition waiver. I applied because I wanted to have some options, but I still thought Bocconi was the best possible choice.

    BGSE requires 500 euros to be paid in advance and the deadline for me is april 25
    Bocconi should be finished with the admissions by march 31 , but needs 2 more weeks to assign the scholarships.
    This means that I won't have much time to decide between Bocconi and BGSE and this is why I am asking you guys to give me some advice.

    Now that BGSE offers a full tuition waiver I am tempted to go there.
    So what do you think about all this?

    Scenarios:

    1) BGSE [1 year] with tuition waiver vs Bocconi [2 years] with scholarship

    or

    2) BGSE [1 year] with tuition waiver vs Bocconi [2 years] without scholarship

    if Bocconi gives me a scholarship I would probably stay in Milan, but as far as the second option is concerned, I think I'd go to Barcelona and save 20k euros.

    finally, I don't have that much information about BGSE, so what do you think about it?
    from what I've understood the Msc Economics program is entirely from Pompeu Fabra (others are from the other universities composing BGSE) so I guess in my case BGSE = UPF. am I wrong?




    thank you!

  2. #2
    Eager! wanderlust's Avatar
    Join Date
    Mar 2009
    Posts
    81
    Rep Power
    11


    Good post? Yes | No
    I also applied to both , BGSE and Bocconi. Bocconi has been pretty prompt in replying. And BGSE has not at all communicated anything to me! By the way, if I am not mistaken, the BGSE Msc Econ leads you to a direct PhD entry.. and BGSE is an excellent place to do a PhD. But , Bocconi Msc Eco has also got an excellent reputation. See if you are research oriented or would like to try your hand in the job market. either ways, you are a winner!

    Secondly, could you tell me how hard is it to maintain a GPA of 28/30 in Bocconi? for an international student? Any comments?

  3. #3
    Eager!
    Join Date
    May 2009
    Posts
    60
    Rep Power
    11


    Good post? Yes | No
    Quote Originally Posted by mkln View Post
    1) BGSE [1 year] with tuition waiver vs Bocconi [2 years] with scholarship
    I would choose Bocconi: as said in another thread, it has a record of placing students in good PhD programs afterwards, and you get excellent study abroad opportunities

    Quote Originally Posted by mkln View Post
    2) BGSE [1 year] with tuition waiver vs Bocconi [2 years] without scholarship
    BGSE would make more sense then, at the margin, given the differential in cost of living and the investment of 2 years in an unfunded program.

    Quote Originally Posted by mkln View Post
    if Bocconi gives me a scholarship I would probably stay in Milan, but as far as the second option is concerned, I think I'd go to Barcelona and save 20k euros.
    reads my mind...

    Quote Originally Posted by mkln View Post
    from what I've understood the Msc Economics program is entirely from Pompeu Fabra (others are from the other universities composing BGSE) so I guess in my case BGSE = UPF. am I wrong?
    I'm afraid you are...BGSE does not equal UPF, and more importantly, it is a highly competitive program (similar to LSE MSc research), out of which only a small percentage of people end up going to the UPF PhD; plus, it does not give you much room to get new LORs for other PhDs since it's only one year long. Just my

  4. #4
    Trying to make mom and pop proud
    Join Date
    Mar 2010
    Posts
    13
    Rep Power
    10


    Good post? Yes | No
    Quote Originally Posted by wanderlust View Post
    I also applied to both , BGSE and Bocconi. Bocconi has been pretty prompt in replying. And BGSE has not at all communicated anything to me! By the way, if I am not mistaken, the BGSE Msc Econ leads you to a direct PhD entry.. and BGSE is an excellent place to do a PhD. But , Bocconi Msc Eco has also got an excellent reputation. See if you are research oriented or would like to try your hand in the job market. either ways, you are a winner!

    Secondly, could you tell me how hard is it to maintain a GPA of 28/30 in Bocconi? for an international student? Any comments?
    well I haven't talked to anybody in the MSc ESS program, but from what I know a GPA of >28 means being in the top 10%

    other things I know: there are a total of 70 scholarship which are divided among ALL MSc courses in Bocconi, but 1/3 of them are reserved to the Economics MSc (170 students)
    So if all scholarships were assigned (but bocconi has no obligation to assign all scholarships), around 23 of them would be assigned to the Economics Msc
    Being 23/170 = 13.5%, if only 10% of students will have a GPA>28, then somebody will have to pay for the second year.

    I think top 10% is rather difficult, if not impossible, for somebody who has not studied in Bocconi before (unless you're a genius). In a class of 85 students you should basically be among the 8 best. 17 people considering english and italian classes together. I know who is applying to the MSc here and I think there's a lot of people deserving the scholarship.
    undergrads here are aware (today more than in the past) that Bocconi offers great opportunities and are thus more willing to continue with the MSc here rather than moving abroad. this makes it even more competitive.
    I think if I received a scholarship it would be very difficult for me to have it confirmed for the second year.


    btw, BGSE replied only 1 week after I submitted my application!
    and one of my classmates got even a TA offer (1 month ago). even he is waiting for Bocconi! and I think there's other people, too, in our exact same situation.


    as for BGSE. I was wondering... this year's class is composed by 48 people. how many got a full tuition waiver? does somebody know?
    I've also seen that there are a lot of italians in their programs.... they're as many as the spanish. I was rather surprised when I saw that...

  5. #5
    Trying to make mom and pop proud
    Join Date
    Mar 2010
    Posts
    5
    Rep Power
    10


    Good post? Yes | No
    @mkln - thanks, that was a very informative post. From what I gather from the website, there are 5 rounds for international applicants, the last one ending May 10th. Would you know whether those applying in April and May still get considered for scholarships or would those be exhausted by now?

  6. #6
    Trying to make mom and pop proud
    Join Date
    Mar 2010
    Posts
    13
    Rep Power
    10


    Good post? Yes | No
    Quote Originally Posted by seehownomics View Post
    @mkln - thanks, that was a very informative post. From what I gather from the website, there are 5 rounds for international applicants, the last one ending May 10th. Would you know whether those applying in April and May still get considered for scholarships or would those be exhausted by now?
    I don't know...
    but let's see ....

    from here
    http://www.unibocconi.it/wps/wcm/res...ESS%202008.pdf
    you can see that the majority of students studied in Bocconi undergraduate programs (>80%).
    now this number should be lower in 2008-2009 and subsequent years, but will still be very high.
    Then, this year there will be say 100 students from Bocconi applying for Econ MSc.
    All these applicants must have participated in the selections which were available to them: either the first session (with mandatory GRE/GMAT with quant score >760) or the second session, with deadline april 30th.
    There is only one thing here that may help: from what I've heard there's not a large number of students trying with the first session. Keep in mind that the first session is restricted to those having a GRE/GMAT score.

    All this above was to underline that there shouldn't be many students applying in the first session, and this means that the majority of students will be admitted with the second session: April.

    To this, you should add the fact that the requirements for the scholarship are not the same as those for the admission process. The scholarship requires higher scores, so maybe there will even be somebody who has applied in the first session with a score that is higher than the admission requirement but lower than the scholarship requirement and so is left out from selection.

    All this to say that I think that there will be scholarships even for the last 2 sessions.

    I've also heard that not all scholarships were assigned last year... (though maybe some of those who got it chose to go to some other university)
    anyway the only good news that I heard from a very good source is that 1/3 of scholarships are assigned to MSc Econ. (which is very good news if you consider that there are 170 econ students out of a total 1785!)
    but other than that, I'm no insider.

  7. #7
    Within my grasp!
    Join Date
    Aug 2008
    Posts
    223
    Rep Power
    12


    1 out of 1 members found this post helpful. Good post? Yes | No
    Hi, I am an italian currently in the first year of the MSc in Economics at Bocconi, with full scholarship. There are two classes of 80 students, one in italian and the other in english. In total 25 people, 23 of them from the "english" class, have the graduate merit award (GMA) scholarship . From what I observe, if you don't get the GMA you'd be better off not to come here but go to UPF. The reason is that professors already "know" the GMA students plus it's hard to mantain a 28+ gpa if you haven't done so in your undergrad at Bocconi. Take also into account that to hope to benefit form the amazing placements this MSc has in top 10 phds, you need, except in particular cases, to have at least a 29+ gpa and close to 30 in the "important" subjects (maths, stats, some hard econ). This means you need to be among the 10 best and trust me there are many good students here. For instance, I was only one of the many who had offers from LSE, Oxbridge, UPF and the like, but decided to go to Bocconi because of its placement (and money). As for keeping the scholarship, this year lots of students with the GMA are struggling to have a gpa of 28+ taking all the required exams. Many of them are international and this mainly comes from the difference in the academic life. This brings to another point, that is if you come here, be prepared to a challenging year, with a lot of pressure coming involuntarily from your classmates and also by some professors. At the same time, people here are great and the environment is actually very friendly, I think much more than in places like top UK unis. UPF must be similar to Bocconi tough. Overall, it's a very competitive program with very ambitious, but personally great, students.

    Placement. Well, many people here still think Bocconi is at most on par with UPF, Ox, Cam, and far behind LSE. Actually, Bocconi has by far the best placement of all of them. This year, that I know, one guy got in everywhere and is going to MIT, 5 people are in at Yale, 4 at NWU, 4 at NYU, 2 at Princeton, 1 at Chicago, 3 at Columbia, 1 at Berkeley and others in the low-top15 schools. Of course there is overlapping but there at least 8 different students with a top 10 admit and more if you consider top20. One important point to consider is that most of these students actually applied in their third year, that is they are graduating now (or they have just graduated) and they are doing some research with Bocconi profs at the same time. Almost all of them also took phd courses as electives (Real Analysis is a must).

    In the end, Bocconi is a great choice if you're sure you want to do a top phd in the US and you are confident you can be one of best in the program. No one can gives you this certainty however. On the other hand, if you think you'd be happy doing a top european phd, it'd be better to go to LSE, Oxbridge, UCL or UPF if funded, since in this way you will very probably "save" one or two years.

    If you have anything else to ask, feel free to ask.

  8. #8
    Within my grasp! Zomb1's Avatar
    Join Date
    Feb 2009
    Posts
    110
    Rep Power
    12


    Good post? Yes | No
    Howdy I'm an international student, emanuele's classmate and I also have the full merit award.

    First, the full merit award is tuition waiver + EUR 3500 (or housing). Or at least was like this last year. Second, next year it will be much easier to keep the scholarship. I believe the requirement will be 28/30 and at least 50 credits, while for us it is 28/30 and all exams from the first year passed. This basically means that you will be able to postpone one exam for the second year and have your GPA calculated without this exam.

    Second, I agree with emanuele, but I would like to add a few more things. I cannot comment on the quality of BGSE, but keep in mind it is a one year program. In order to get LORs from Barcelona, you will most probably need to take a year between BGSE and PhD. Also, for Italians at least, Bocconi is an excellent place to be. If you are made of top-10 material, Bocconi will place you there. If you are not, but still want to do a PhD, you will be able to do so. Also, keep in mind that many people change their minds about PhD after the first year. Graduate school is a grinding experience and a lot of people who are able to get into good PhD programs decide otherwise. Trust me when I tell you, going for a PhD is not a trivial choice to make. Bocconi has an excellent industry placement in Italy, so if you decide to go that way, I think you'd be better off with a Bocconi degree than with a BSGE degree.

    Whether you should still go to Bocconi without the money... depends on your personal financial situation.
    "And I'll tell it and think it and speak it and breathe it,
    And reflect it from the mountain so all souls can see it..."

  9. #9
    Eager! wanderlust's Avatar
    Join Date
    Mar 2009
    Posts
    81
    Rep Power
    11


    Good post? Yes | No
    @emanuele: Thanks a ton!
    @Zomb! : Thanks a ton!

    Even I have the graduate merit award. The thing is, there has always been a mixed feedback about the performance of international students over there. As for Bocconi undergrads are concerned they seem to flourish. I was curious about the scene with the international students. How many of them manage to keep up with the good grades and likewise retain the award.

    Frankly speaking, for me it is a bit of a risk, because in case of discontinuation of the award, it would be terribly expensive. Milan needs about 1000 euros a month to survive. 2nd costliest city after london and at par with Amsterdam and Frankfurt it is.

    Rest apart, the school is excellent. What are your comments about this?

    I would like to thank everybody on this thread, it has turned out to be very very helpful for me personally. Please feel free to share your thoughts.

  10. #10
    Eager! wanderlust's Avatar
    Join Date
    Mar 2009
    Posts
    81
    Rep Power
    11


    Good post? Yes | No
    @mkln: Thanks to you too

Page 1 of 3 123 LastLast

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Msc econ at Tilburg vs Masters at Bocconi
    By verio16 in forum PhD in Economics
    Replies: 23
    Last Post: 05-11-2011, 02:41 PM
  2. UBC MA VS CEMFI MA VS BGSE Msc
    By asmithb in forum PhD in Economics
    Replies: 2
    Last Post: 04-05-2010, 05:36 AM
  3. BGSE Msc v EUI
    By keano in forum PhD in Economics
    Replies: 0
    Last Post: 03-19-2010, 03:35 PM
  4. Anyone from Bocconi Econ MSc who got into Phd this year?
    By Bocconi_MSc in forum PhD in Economics
    Replies: 0
    Last Post: 03-21-2009, 11:31 PM
  5. Replies: 11
    Last Post: 08-20-2008, 03:03 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •