Internships at the Bank of Italy

Application requirements

Candidates must:

1. have graduated in the single-cycle Master's degree programme in Law from the University of Milan after 29 August 2020, with a score of at least 100/110;
2. be less than 28 years old on the application deadline date.

How to apply

Applications must reach the COSP by 12.30 pm on 8 June 2021, complete with:

1. application for admission to the selection process and statement signed in accordance with articles 46 and 47 of Presidential Decree no. 445/2000 (see Annex to the selection notice);
2. CV;
3. an abstract of the degree thesis of no more than 350 words;
4. copy of a valid ID;
5. academic transcript (downloadable from UNIMIA).

You can apply by sending the documents required in pdf format to:  [email protected]   (the official application date is the date of receipt, NOT the date of sending).

Selection process

On the deadline, the COSP will identify suitable applications, and select 20 names to be forwarded to the Bank of Italy, based on: 1) the higher degree grade; 2) if grades are equal, the more recent graduation date; 3) in the event of a further tie, the younger age. The list of names forwarded to the Bank of Italy will be posted to this page as of Monday, 14 June 2021.

The candidates thus selected by the COSP may be invited for an interview with a Board appointed by the Bank of Italy. The interview will focus on the skills required for the internship and on the candidate's motivation. The interviews will be held at the Milan branch of the Bank of Italy, via Cordusio 5 - 20123 Milan.

Then, the Bank of Italy will notify the selected candidates.

Internship activation

Once the selection process is over, the Bank of Italy will start the extracurricular internship activation procedure.

Requirements

Candidates must:

1. Have a Master’s degree/specialised degree in one of the following degree classes: Management (84/S or LM-77); Economics (64/S or LM-56); Finance (19/S or LM-16); Economic, financial and actuarial statistics (91/S); Statistics (LM-82); Actuarial and financial statistics (LM-83); Demographic and social statistics (90/S); Analysis of complex systems (48/S); Political science (70/S or LM-62), or an equivalent degree pursuant to Interministerial Decree of 9 July 2009;
2. Have obtained such degree at the University of Milan after 1 December 2022 with a final mark of at least 105/110 (or equivalent mark);
3. Be less than 28 years old on the application deadline date;
4. Have passed an exam in statistics and an exam in econometrics. Candidates who, during their university career, have passed exams with different names but with a focus on statistics and econometrics may access the selection process as well. Applications will be assessed by COSP Internship services.

Financial support

Interns will receive a gross monthly allowance of 1,000 (one thousand) euros, subject to compliance with attendance and confidentiality obligations.

This stipend cannot be cumulated with any other compensation, even in the form of student/doctoral scholarships or research fellowships. Therefore, any such compensation must be forfeited for the period covered by the internship stipend paid by the Bank.

How to apply

Candidates must submit their application to the COSP Internship services by 12 noon on 25 September 2023 with the following attachments:

1. Application for admission to the selection process and declaration signed in accordance with articles 46 and 47 of Presidential Decree no. 445/2000 (see attachment);
2. CV;
3. Abstract of the degree thesis (no more than 350 words);
4. Copy of a valid ID;
5. List of all the exams passed (downloadable from UNIMIA);

All the above documents must be submitted in .pdf format to [email protected]. Please note that we will only examine applications RECEIVED by the deadline. Applications received after the deadline will be disregarded, no matter when they were sent.

Selection process

Only candidates who graduated at the University of Milan will be considered.

Once applications are closed, the Internship services will assess the applications and identify the name of 1 eligible candidate to be submitted to the Bank of Italy, based on the highest degree mark. In the case of a tie in marks, the most recent graduation date will be considered. In the event of a further tie, the younger age will be considered. The name of the chosen candidate will be published on this page by Tuesday, 3 October 2023.

Then, the candidate will be invited to take an interview with a commission designated by the Bank.  

Internship activation

Once the selection process is over, the Bank of Italy will start the extracurricular internship activation procedure for the winning candidate. For more information: https://www.unimi.it/en/study/traineeships-and-work/traineeships-and-internships/extracurricular-internships

For further information on the admission requirements, financial support and the selection process, please read the call.

For any email communication, please refer to this call for applications in the subject line, as follows: Call for applications to internships at the Bank of Italy - ARET.