SDA Bocconi School of Management places among top B-Schools in Forbes ranking. In the sixth biennal ranking "The Best Business Schools" by Forbes, the prestigious U.S. economic monthly, SDA Bocconi ranks 8th among Top Non-U.S. One-Year Business Schools for return on investment of its MBA Program.
The ranking is based on the return on investment achieved by the graduates of the class of 2004. Their average earnings in the first five years out of business school are compared to to their opportunity cost (one year of forgone compensation plus tuition and required fees). 17,000 alumni at 103 top international B-schools have been surveyed, and this resulted into the following top ten listing: (Non-U.S. One-Year Programs):
1. Insead - France
2. Imd - Switzeraln
3. Instituto de Empresa - Spain
4. Cambridge - UK
5. Oxford - UK
6. City University - UK
7. Lancaster - UK
8. SDA Bocconi - Italy
9. Cranfield - UK
10. Hec Montréal - Canada
MBA's Cup, Mediterranean - Regatta and Conference, Santa Margherita and Portofino.
Next September, MBA graduates and alumni from the most important international business schools will come together for the 6th edition of the MBA's Cup Mediterranean Regatta & Conference set in the breathtaking scenario of Santa Margherita Ligure and Portofino. The event is organized by our Sailing Club in collaboration with Yacht Club Italiano. It consists of a competitive and non-competitive sailing regatta and a conference with leaders of Italian and International top organizations. The 2009 edition is sponsored by BMW, Deloitte and Santandrea Luxury Houses.
"Bocconi boys" call shots in reshaping Italy's banks.
Networks, everyone knows, are what matters when doing business in Italy. This week's friction-free takeover of Capitalia by UniCredit demonstrated again how quickly the pieces can fall into place when all the relevant parties are broadly aligned. In a matter of months, the country's years-long virtual absence from European banking consolidation has given way to quick-fire catch-up, as Italy struggles to create new national champions in financial services. Capitalia may not have been the first choice of Alessandro Profumo, UniCredit's chief executive, but the deal has left the political establishment - never far from the scene - smiling, and shareholders broadly satisfied with big potential synergies.
The transaction has, inevitably, revived talk about the like-minded generation of 40-50-year-old former consultants now calling the shots at Italy's biggest banks. For years, the "McKinsey boys" - actually better broadened to include the "Bocconi boys" after Milan's leading business university - had been yearning to modernise financial services, but often found their hands tied by the central bank.
Now they have their chance. Antonio Fazio's replacement as governor of the Bank of Italy by market-minded Mario Draghi has put consolidation on the agenda. That new dawn has given strategy-focused former consultants, such as Mr Profumo, Roberto Nicastro, his head of retail banking, and Corrado Passera, his opposite number at Intesa Sanpaolo, renewed deal-making zeal.
More transactions are bound to come, even if consolidation leaves some casualties in its wake. Matteo Arpe, the Capitalia chief executive largely credited with reviving a bruised bank over the past six years, will depart at the end of the month. Although a career banker, Mr Arpe's instincts have been virtually identical with the ex-consultants running Capitalia's counterparts.
Networks, even in Italy, can sometimes be too effective. One investment bank conspicuously absent from both the UniCredit-Capitalia and Intesa-Sanpaolo deals - the country's two biggest in financial services - has been Goldman Sachs. Hardly under-represented in Italy, the blue-chip investment bank has had a hand in many prominent transactions. The problem this time? Too many old boys in high places.
Goldman was excluded from Sanpaolo-Intesa, it is said, partly for fear of triggering accusations of conflicts of interests. Mr Draghi, after all, was a Goldman vice-chairman between his stints at the Italian Treasury and moving to the central bank in January 2006.
Meanwhile, Goldman's potential seat at the UniCredit-Capitalia table was taken by Claudio Costamagna, its former head of investment banking in Europe, who conveniently has the ear of both Mr Profumo and Romano Prodi, the Italian premier. Sometimes, even a top investment bank can be just too well placed.
