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BUSINESS

Ranked: Italy’s best MBAs in English

Italy is casting aside its image as a monolingual country for higher education, by inviting foreign business students to study in English. The Local takes a look at the top three MBAs in the country.

Ranked: Italy's best MBAs in English
Italy's highly-ranked business schools are in Milan and Rome. Graduation photo: Shutterstock

Located in the heart of Milan – Italy’s financial capital – SDA Bocconi School of Management comes third on Forbes’ Best Business Schools global ranking.

Bocconi is one of the oldest business education institutions in Europe and offers an MBA entirely in English. An impressive 83 percent of its students are international, coming from over 30 different countries.

The university’s great location also provides students with the possibility to experience and live in one of the main cultural, artistic and innovative cities in Italy.

Daniel Shavit, a Parisian and recent Bocconi graduate, told The Local the location is“the number one reason” foreigners pick the university.

“The city is undergoing a revival and in every year which passes by, the number and quality of venues for young people just improves,” he said.

Shavit has just completed a Bachelor of International Economics and Management (BIEMF) and said Bocconi is working hard to create interesting courses and attract leading business professors.

“The course satisfied me in every way: good teachers, great classmates, and a large range of classes to partake in. Having met several MBA professors they are of a very high quality; Bocconi is making a visible effort to acquire top-tier talent,” he said.

Within three months of completing Bocconi’s MBA programme 84 percent of graduates are employed, according to the Financial Times. On average they triple their income, according to Forbes, and go on to work in multinationals located all over the world.

Beyond Bocconi

But Bocconi is by no means the only location for foreign students in Milan. The Politecnico di Milano MIP School of Management is the 24th best business school in Europe, behind Bocconi’s sixth place, according to the QS Global 200 Business School Report 2013/2014.

The university also gets the backing of the Financial Times, ranked 38th in Europe compared to Bocconi’s eighth-place. Politecnico di Milano focuses particularly on providing managerial and organizational skills to its students.

Closely behind in the QS ranking, at 47th place, is Luiss Business School. Based in the Italian capital, Luiss offers students the opportunity to develop managerial skills in the heart of Rome.

It provides fantastic opportunities with manufacturing and services companies through its connection with business group Confindustria. Additionally, the business school also maintains relationships and builds career opportunities through with its graduates through the MBA Alumni Association. 

By Tiziana Buscemi

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ENVIRONMENT

Sweden’s SSAB to build €4.5bn green steel plant in Luleå 

The Swedish steel giant SSAB has announced plans to build a new steel plant in Luleå for 52 billion kronor (€4.5 billion), with the new plant expected to produce 2.5 million tons of steel a year from 2028.

Sweden's SSAB to build €4.5bn green steel plant in Luleå 

“The transformation of Luleå is a major step on our journey to fossil-free steel production,” the company’s chief executive, Martin Lindqvist, said in a press release. “We will remove seven percent of Sweden’s carbon dioxide emissions, strengthen our competitiveness and secure jobs with the most cost-effective and sustainable sheet metal production in Europe.”

The new mini-mill, which is expected to start production at the end of 2028 and to hit full capacity in 2029, will include two electric arc furnaces, advanced secondary metallurgy, a direct strip rolling mill to produce SSABs specialty products, and a cold rolling complex to develop premium products for the transport industry.

It will be fed partly from hydrogen reduced iron ore produced at the HYBRIT joint venture in Gälliväre and partly with scrap steel. The company hopes to receive its environemntal permits by the end of 2024.

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The announcement comes just one week after SSAB revealed that it was seeking $500m in funding from the US government to develop a second HYBRIT manufacturing facility, using green hydrogen instead of fossil fuels to produce direct reduced iron and steel.

The company said it also hoped to expand capacity at SSAB’s steel mill in Montpelier, Iowa. 

The two new investment announcements strengthen the company’s claim to be the global pioneer in fossil-free steel.

It produced the world’s first sponge iron made with hydrogen instead of coke at its Hybrit pilot plant in Luleå in 2021. Gälliväre was chosen that same year as the site for the world’s first industrial scale plant using the technology. 

In 2023, SSAB announced it would transform its steel mill in Oxelösund to fossil-free production.

The company’s Raahe mill in Finland, which currently has new most advanced equipment, will be the last of the company’s big plants to shift away from blast furnaces. 

The steel industry currently produces 7 percent of the world’s carbon dioxide emissions, and shifting to hydrogen reduced steel and closing blast furnaces will reduce Sweden’s carbon emissions by 10 per cent and Finland’s by 7 per cent.

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