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Bocconi To Wharton: Why I Did A Master's In Economics Before My PhD

Marco Giometti’s passion for economics led him first to a Bocconi Master’s, then to a PhD at Wharton. Here’s how his master's helped him make the leap into academia

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Wed Sep 15 2021

BusinessBecause
From government policy to financial systems, Marco Giometti has always been drawn to economics as a way of making better sense of the world. “I’ve always wanted the tools to really understand what was going on, and to understand the world from a concrete, unbiased perspective.”

This fascination first led Marco to study a Master of Science in Economic and Social Sciences at Bocconi University in Italy. 

Now studying for a PhD in Finance at the Wharton School at the University of Pennsylvania, he strongly credits his Master’s for paving the way into academia, and for preparing him for a rigorous research program. 


Accelerating from a bachelor’s to a master’s

While Marco had originally opted to study engineering, he quickly switched economics and business in his first semester. 

It didn’t take him long to set his heart on studying a master’s. Unlike most of his classmates on his three year bachelor’s, Marco completed his degree in two years.

When he started applying for masters degrees, he couldn’t ignore Bocconi’s reputation. “In Italy, if you’re thinking of doing economics or business, the first thing you think about is Bocconi.”

As someone who didn’t have clear career goals, and was interested in a broad range of subjects, Marco felt the MSc in Economic and Social Sciences program offered the variety and diversity he was looking for. 

“At the time, I was considering many different careers. I had this passion towards maths and quantitative methods, but also towards broader social sciences like public policy, history, finance, and banking,” he recalls.

The Bocconi Master’s is multidisciplinary, covering a range of topics across economics from monetary policy, to labour economics, to welfare and politics. This is reflected in the diversity of student backgrounds, who come from a vast range of undergraduate majors. 

Marco was accepted, and with the help of the Bocconi Graduate Merit Award which offers a full tuition waiver, he enrolled on the program.


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Getting used to a rigorous academic environment

Marco was challenged by the Bocconi MSc from the off. He recalls the high standard of the classes, which really pushed his knowledge to its limits, but even more than that, the people. “For the first time in my life I could truly learn from everyone in my class.” 

This strong community and network extended beyond his own classroom. Marco says there’s a sense of belonging with many graduates from the program, who have an understanding of the rigorous and challenging process you go through on the degree. 

It was this dynamic academic setting which first seeded the ideas to take his studies further, and study for a PhD. For Marco, and his other classmates who shared similar aspirations, the environment gives you the ideal preparation for applying for a PhD. 

“This masters really gives you an idea of what a PhD looks like, a sense of what you’re going to do, and an idea of whether you’re ready for it.” 

Marco’s Bocconi experience included an introduction to research methods. One opportunity lies at the Innocenzo Gasparini Institute for Economic Research (IGIER), where visiting students are partnered with faculty mentors to work on research projects separate to your own master’s thesis. This, and other opportunities, give you a flavor of what to expect from the type of research you might conduct on a PhD. 


Applying for a PhD at Wharton

While research piqued his interest, Marco was mindful of other career opportunities. Graduates from the MSc pursue a wide range of careers, from public sector positions in policy, government, and banking, to roles in investment banking, asset management, and consulting.  

So before he launched himself straight into a PhD, he took up a six-month placement at the European Central Bank. “It wasn't research, but I saw that as an opportunity to see what the professional world looks like, so that I could make my decision in an even more informed way.”

Alongside this, Marco started to research and apply for PhD programs. He knew Wharton’s reputation for banking and finance, as well as being a top business school internationally. 

He set his expectations low, aware that several of his other classmates were applying for the same program. But in February 2016, Marco received an acceptance email, and later that year, he set off to Philadelphia to start the program. 

Five years on, Marco reflects on how well his Master’s prepared him for a PhD. Physically, it shows you what you can expect from the courses and structure of a PhD. Even the content was a relevant introduction, laying the foundation for quantitative methods and advanced statistics that he needed for his research.

And having tipped his toe into research methods during his time at Bocconi, he wasn’t overwhelmed by the initial research projects at Wharton. 

All being well, Marco hopes to complete his PhD in Finance in Summer 2022. As for where it will lead him, Marco is less sure. But he still holds onto the same motivations for pursuing economics in his early academic career.” 

“If I can use the tools to better understand what's going on in the world, and hopefully inform better policy making without political bias, then that will be great.”

Student Reviews

Bocconi University

Edoardo

Verified

25/01/2022

Blended

Everything was great ( apart from the covid part)

I really enjoyed this experience because I built a really strong relationship with other students and professors. This fact has permitted me to grow as a person and also to improve my academic background by confronting myself with other people. I would encourage Bocconi to create a new method of exams for online courses (I have experienced it during the covid-19 period) because they could not manage to control and to avoid shameless situations such as software breakdowns just before the exams.

Student

Verified

8/11/2021

On Campus

Amazing course

The workload is really heavy, but that’s the only way to prepare students for the job market. Bocconi offers also many services to help students kick off their careers. Overall, Bocconi University Masters Degree is the best option for ambitious students and the best choice among Italian and maybe European universities.

Student

Verified

24/07/2020

A great experience

A fundamental experience to understand what I want to do in life. In the three years I attended Bocconi University, I laid the foundations for my business education. I will always be grateful to it. I absolutely recommend it.

Alessandra

Verified

26/06/2020

Bocconi: Italian Quality

The great thing about this University is that it is one of the few Italian universities offering such international programs. My course is unique and doesn't exist anywhere else, so if you like arts and economics, Bocconi is the best place. The course provides both subjects concerning arts/philosophy, and ones more related to economics. Personally, I have decided to follow a different path because I am not so interested in working in this specific field, but this course is totally worth it if you want to work in a creative industry. Indeed, it gives people with a passion for luxury, arts and so on with a complete knowledge concerning management. The best part has been the great support offered by the University in every aspect, going from on-campus facilities to monthly job fairs to better understand the kind of career we want to pursue. This is often taken for granted in Italian universities.

Student

Verified

25/05/2020

Professional and amazing

Very well organized university. I have studied Financial management and I graduated with 108/110. The teachers are really good and professional. The university has all the facilities and the services are professional. I really enjoyed studying in a professional and international environment. Bocconi has played an important role in finding my actual job!

Student

Verified

28/10/2019

Great university which gives wonderful placement opportunities.

I really like Bocconi. What I appreciated the most was the high level of teaching and the opportunities given in terms of placement and networking connections. I strongly recommend this university if you want to pursue a great working career.

Student

Verified

27/10/2019

Beautiful environment

Beautiful community of students with lots of opportunities for in-campus activities. The university offers 8 residences near the campus, perfect for freshmen at the first year in Milan. Professors are very prepared and always ready to help students

Student

Verified

24/03/2018

An outstanding university

The great efficiency and organization, the high quality of teaching, and the possibility to take part in many interesting and useful experiences make Bocconi University stand out. It distinguishes itself from the Italian academic background. Many people say Bocconi is too stressful, but to me, it’s worth it.

Student

Verified

20/03/2018

Excellent

Bocconi is outstanding university. Among the best in Italy. The international franework helps students to get involved in projects/associations that enrich the campus. I study law and i’ m happy about my 4 years and experiences that i had the opportunity to

Edoardo

Verified

25/01/2022

Blended

Everything was great ( apart from the covid part)

I really enjoyed this experience because I built a really strong relationship with other students and professors. This fact has permitted me to grow as a person and also to improve my academic background by confronting myself with other people. I would encourage Bocconi to create a new method of exams for online courses (I have experienced it during the covid-19 period) because they could not manage to control and to avoid shameless situations such as software breakdowns just before the exams.

Student

Verified

8/11/2021

On Campus

Amazing course

The workload is really heavy, but that’s the only way to prepare students for the job market. Bocconi offers also many services to help students kick off their careers. Overall, Bocconi University Masters Degree is the best option for ambitious students and the best choice among Italian and maybe European universities.

Student

Verified

24/07/2020

A great experience

A fundamental experience to understand what I want to do in life. In the three years I attended Bocconi University, I laid the foundations for my business education. I will always be grateful to it. I absolutely recommend it.

Alessandra

Verified

26/06/2020

Bocconi: Italian Quality

The great thing about this University is that it is one of the few Italian universities offering such international programs. My course is unique and doesn't exist anywhere else, so if you like arts and economics, Bocconi is the best place. The course provides both subjects concerning arts/philosophy, and ones more related to economics. Personally, I have decided to follow a different path because I am not so interested in working in this specific field, but this course is totally worth it if you want to work in a creative industry. Indeed, it gives people with a passion for luxury, arts and so on with a complete knowledge concerning management. The best part has been the great support offered by the University in every aspect, going from on-campus facilities to monthly job fairs to better understand the kind of career we want to pursue. This is often taken for granted in Italian universities.

Student

Verified

25/05/2020

Professional and amazing

Very well organized university. I have studied Financial management and I graduated with 108/110. The teachers are really good and professional. The university has all the facilities and the services are professional. I really enjoyed studying in a professional and international environment. Bocconi has played an important role in finding my actual job!

Student

Verified

28/10/2019

Great university which gives wonderful placement opportunities.

I really like Bocconi. What I appreciated the most was the high level of teaching and the opportunities given in terms of placement and networking connections. I strongly recommend this university if you want to pursue a great working career.

Student

Verified

27/10/2019

Beautiful environment

Beautiful community of students with lots of opportunities for in-campus activities. The university offers 8 residences near the campus, perfect for freshmen at the first year in Milan. Professors are very prepared and always ready to help students

Student

Verified

24/03/2018

An outstanding university

The great efficiency and organization, the high quality of teaching, and the possibility to take part in many interesting and useful experiences make Bocconi University stand out. It distinguishes itself from the Italian academic background. Many people say Bocconi is too stressful, but to me, it’s worth it.

Student

Verified

20/03/2018

Excellent

Bocconi is outstanding university. Among the best in Italy. The international franework helps students to get involved in projects/associations that enrich the campus. I study law and i’ m happy about my 4 years and experiences that i had the opportunity to