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PhD in Economics
Milan, Italy

Scholarship / Financial aid: scholarships available

Date: three years

Deadline: undefined

Open to: citizens of all nations

Announcement follows


The Università Cattolica del Sacro Cuore offers a Program, entirely in English, of Doctoral Studies in Economics leading to a PhD degree fully accredited worldwide. The Program aims to offer outstanding training for study and research in the various fields of economics, in order to equip students with the skills and knowledge for starting an academic career, as well as for working as professional economists in private enterprises, governments and international organizations.

The PhD Program in Economics has a long and consolidated tradition of post-graduate teaching and research in both theoretical and applied economics. This Program began in 1985 as a joint project with the major universities of Milan (Università Cattolica del Sacro Cuore, Università Commerciale Luigi Bocconi and Università degli Studi di Milano) pooling their resources in a consortium. With the increased demand for post-graduate education, the consortium was dissolved in 2000 and each University proceeded to create its separate program. Since its inception, more than one hundred students have successfully completed the PhD Program, and many of them are working in leading academic and non-academic, prestigious institutions like the Federal Reserve, the European Commission, the United Nations, the ECB, the Bank of England and the Bank of Italy.

The duration of the PhD Program is three years. The first year is devoted mainly to advanced course work in mathematics for economics, microeconomics, macroeconomics, econometrics and a considerable number of frontier state-of-the-art research topics. Full time research is pursued over the following two (or exceptionally three) years, during which each student must write his/her thesis. Students are encouraged and financially supported to carry out part of their studies at leading foreign universities in order to allow them to exchange and compare ideas on a broader scale.


There are two application stages for the PhD Program: (1) Pre-Application and (2) Application (see Call for Application). Participation in the first stage was not compulsory. Participation in the second stage is compulsory. Both application stages are open to citizens of all nations.

The purpose of the first stage was to give candidates a preview as to whether their application in the second stage will have a chance to be successful. To this end, a selection committee has evaluated the candidates who participated in the first stage and classified them in two groups. The first group consists of eligible candidates, the second of candidates not yet so, at least for the academic year 2011-2012. A candidate has been considered eligible if s/he is deemed to have the necessary qualifications and capabilities to start the Program.

Eligible candidates are encouraged to re-present their applications during stage two. Whether an eligible candidate will effectively be admitted (at the end of stage two) will depend on her/his ranking relative to all the other candidates on the list of merit. Thus, an eligible candidate who has re-presented her/his application at the second stage will be accepted into the program if not all places have already been taken by higher ranking candidates on the final (i.e. after the second stage) list of admissible candidates established by the selection committee.

Application forms for the second stage can be downloaded, as of July 15th, from the following web link: .

Candidates who have not participated in the first stage can still successfully participate in the second stage. To this end, they should carefully read the Call for Applications and prepare and send their application package according to the terms spelled out therein.

There was no application fee for the first stage while, to participate in the second stage, candidates are required to pay an application fee of €80 (see Call for Application for details).

Note for candidates from non-EU countries: Non-EU students must obtain a visa before leaving their country. It can be processed by the Italian Embassy or Consulate closest to their home. Once the student is in Italy, s/he will need to obtain a residence permit from the competent authorities. Note that a tourist visa is not sufficient to study or work in Italy. For more information on the procedure for scal codes please see Non-EU requirements.

The annual amount of the scholarships awarded is determined by the Board of Directors of the Università Cattolica del Sacro Cuore, upon proposal of the Academic Senate.
Scholarships are awarded on the basis of rank according to a list of merit.
Scholarships may be awarded to candidates who already earn an income, provided that the total yearly amount of the latter does not exceed the amount set for the former.
Should the income exceed that amount, the scholarship will be revoked for the solar year in question.

To this end, candidates should declare the amount of their income every year, and communicate any excess of the limit set.
Scholarships will not be awarded to holders of any other kind of study grant given for whatever reason, except those awarded for a period spent abroad to complete training and research activities.
Scholarships will be paid for the entire period of enrolment, but not in excess of three years. They will be paid in instalments of equal amounts every two months (February, April, June, August, October and December).
The sum of the scholarship will be increased for any period spent abroad by a minimum of 50%.

Doctoral students who hold scholarships awarded by the University are exempted from School entry and annual fees.
Civil servants who are admitted to the Doctoral Program are set, upon request, on special leave for study reasons, without receiving benefits during the period of the Program. They may be awarded scholarships if the conditions subsist.
As per art. 52, par. 57, of Law n. 448 of December 28, 2001, civil servants who are admitted to the Doctoral Program without scholarship, or who renounce it, will receive the same social security benefits set by the public administration sector for which they work.

Should a civil servant decide to cease his/her working relation with the public administration within two years of achieving the Doctoral degree, he/she must reimburse the benefits received while attending the Program.
Scholarships will not be awarded to students who have already held previous grants for Ph.D studies in Italy.
School entry and annual fees for students who do not hold a scholarship amount to € 1,700.00, to be paid in two instalments; the first on matriculation or renewal of enrolment (October) and the second on June 30th of each year.


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