Bocconi To Wharton: Why I Did A Master's In Economics Before My PhD
From Bocconi Master's to Wharton PhD | Find out how Marco prepared for an academic career
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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By Simon Lovick
Wed Sep 15 2021
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.”
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.
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.”
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
Yangxin
Verified
27/03/2024
On Campus
Excellent university full of opportunities
I had almost zero experience in business before coming to Bocconi. However, this did not hinder my career prospects here. I was fortunate to receive valuable opportunities such as in-company training and internships. Through these experiences, I gained invaluable practical insights into various business scenarios, becoming more acquainted with the real business world.
Before arriving here, I had not learned Italian, which initially made me concerned about possible cultural or language barriers. Bocconi offers Italian language courses that proved indispensable in helping me adapt to Milan during my days here. Additionally, my Italian classmates have been incredibly welcoming, assisting me with cultural adjustments and willingly serving as language partners to help with my Italian language learning journey. My two-year life here has become both manageable and enjoyable.
In conclusion, I would recommend this university to those people who are eager to embrace a future brimming with opportunities.
Alex
Verified
28/03/2024
On Campus
So many opportunities
Bocconi has been an amazing journey for me, filled with growth and opportunities, both on a professional and personal level. The professors teaching the International Management Master's are of really high quality and they were able to transfer some much "knowledge that matters", thanks also to the many teamworking experiences during the course. Bocconi also allowed me to experience a double degree program with ESADE, which taught me a lot both in terms of professional development, as well as allowing me to expand my network of international students even further. Overall, Bocconi unleashed plenty of opportunities I could not foresee before joining the university and that I'm really grateful for and excited to dive into.
Marina
Verified
30/03/2024
On Campus
Invest in your knowledge
Bocconi offers plenty of opportunities to grow as a person and as a professional. I was able to both broaden my interests and deepen existent knowledge during my Master's degree in Finance. It's very challenging, but the result is totally worth it. Bocconi has a very impressive reputation across the world, which allowed me to have an internship at my dream company.
Tara
Verified
1/04/2024
On Campus
A University Ripe with Opportunity
As a first year Masters in International Management student, the global perspective, abundant learning opportunities and networking opportunities were the main aspects that drew me towards pursing my studies at Bocconi. And Bocconi has delivered in full on these promises.
In my classes I have really valued the more application based approach which centres around collaboration with peers from around the world. There are also so many opportunities for learning outside the classroom through supplementary activities, societies, guest lectures and other events hosted by the university!
The networking opportunities and career services are world class. The university regularly hosts events like Bocconi
Martina
Verified
1/04/2024
On Campus
Environment and experiences
Entering Bocconi, I was shy and uncertain. I was surprised to discover a supportive community that not only challenged me academically but also encouraged me to come out of my shell. I found myself surrounded by lifelong friends who turned out to be an invaluable support for me.
Despite my initial indecision, my chosen course (Economics and Management for Arts and Culture) proved to be the perfect fit, seamlessly blending rigorous economic principles with insights into the cultural landscape. I found myself immersed in a dynamic environment that fostered healthy competition, pushing me to excel while simultaneously supporting my personal growth.
Reflecting on my period at Bocconi, I can confidently say it was the best time of my life. Through unforgettable experiences in students associations, internships and study-abroad periods, Bocconi accompanied me from adolescence into adulthood. It provided me with the confidence and skills necessary to navigate the complexities of the real world, offering me an environment where I could flourish both academically and personally.
Erik
Verified
2/04/2024
On Campus
Great programme in MSc Finance
I have done the MSc in Finance, and I am extremely happy with it.
The quality of the education is really good, and has more than prepared me for my job in Asset Management after my studies. There are also a lot of group projects and labs in the classes which lets you try things in practice.
In addition to this, there are a lot of good student associations for finance which allows you to connect with a lot of really brilliant people.
Student
Verified
2/04/2024
On Campus
My Experience at Bocconi University
Bocconi University offers a great deal of programs. The small classes make it easy for students to interact with professors, all very experienced in their field, and not only care for the students' life inside the classroom but also for their lives outside, providing many amazing extracurricular activities, from sports, and associations to theater and singing. Overall, a great experience!
Student
Verified
4/04/2024
On Campus
Excellent university providing a great preparation
I have chosen Bocconi University for both my bachelor's and master's degree and I am extremely satisfied with my experience and the preparation the institution has given me, both academically and to be equipped to enter the job market. The programs are very international, which has allowed me to make friends from all over the world, and the university offers a wide range of interesting courses, both in Italian and in English, which often combine a theoretical strong preparation together with practical applied projects. Bocconi also has a great and efficient career service that organizes useful events to get ready for the job market, meet employers and network with companies. I have also appreciated the presence of over a hundred student associations, which has allowed me to pursue some interests of mine while meeting students from several different courses and gainining more practical experience through additional projects.
