Executive decisions in hospital management: a simulation experience

SDA Bocconi School of Management

Milan, Italy

SDA Bocconi School of Management is the graduate management school of Università Bocconi, founded in Milan in 1902 as Italy's first university dedicated entirely to economics and commerce. The School of Management itself was established in 1971, making it one of the oldest executive and management education institutions in continental Europe. Privately funded and university-affiliated, Bocconi was built on a founding conviction that rigorous quantitative analysis and economic reasoning — not soft frameworks — should anchor business decision-making. That ethos remains visible today in how SDA Bocconi approaches everything from healthcare management to financial strategy, insisting on evidence and precision where many schools settle for narrative. Accreditations and Rankings Triple Crown Accredited AACSB EQUIS (European Quality Improvement System) AMBA Rankings Financial Times Executive Education Open Programs: ranked among the top 15 in Europe (2023) Financial Times Executive Education Custom Programs: ranked among the top 25 globally (2023) Financial Times Masters in Management: Bocconi ranked #8 globally (2023) Financial Times MBA Ranking: #29 globally (2023) QS Global MBA Rankings: #51–100 (2024) Bloomberg Businessweek MBA: consistently listed among top European programs Executive Education at a Glance SDA Bocconi's executive education portfolio is one of the broadest in Europe, covering more than 100 open-enrollment and custom programs annually and reaching roughly 6,000 executive participants each year. The school is particularly strong in finance, healthcare management, luxury and fashion management, and public administration — areas where Bocconi's deep ties to Italian and European industry give it a genuine sectoral edge over generalist rivals. Open programs range from intensive two-day workshops on financial modelling to multi-week general management courses like the flagship Executive MBA and the Advanced Management Program (AMP), while the custom division designs bespoke learning journeys for corporate clients including multinationals and government bodies. Formats span in-person in Milan, blended, and fully online, with program durations running from two days to more than a year for modular executive degrees. Open program fees typically run from €2,000 for short courses to upwards of €15,000 for longer flagship programs; merit-based fee reductions are available for select programs. Campus and Facilities Bocconi's campus sits in the Brera and Porta Romana neighbourhoods of Milan — not a leafy suburban retreat, but a deliberate immersion in one of Europe's most commercially and culturally dense cities. The school's modern campus, much of it designed by the New York firm Grafton Architects (whose Bocconi building won the RIBA International Prize in 2008), provides purpose-built teaching facilities including tiered case-study rooms, collaboration labs, and breakout spaces that reflect a pedagogy built around group problem-solving. For executive participants, Milan is not incidental to the program — proximity to the headquarters of companies like Luxottica, Pirelli, UniCredit, and Mediobanca, and to Europe's largest fashion and design ecosystem, means guest faculty and case material are drawn directly from businesses that executives will recognise or compete with. The city's financial district, design week calendar, and industrial base make it a genuinely productive backdrop for anyone studying European business strategy. Faculty and Research SDA Bocconi's faculty comprises more than 150 full-time professors alongside a substantial pool of affiliated practitioners, with significant international representation drawn from North America, Asia, and across Europe. Research strengths with direct relevance to executive education include healthcare management (through the CERGAS research centre, one of Europe's leading health policy institutes), public management, finance and risk, and luxury brand strategy. Faculty are expected to maintain active consulting and advisory relationships alongside their research — a structural expectation, not an afterthought — which means the case material and frameworks participants encounter in the classroom are regularly stress-tested against live business problems. The school's collaboration with Bocconi University's broader network of research institutes ensures that executive programs benefit from economists, legal scholars, and policy researchers as well as management faculty. Student Body, Alumni, and Career Outcomes Executive education cohorts at SDA Bocconi are genuinely international, typically drawing participants from more than 40 nationalities across open programs, with particularly strong representation from Western Europe, the Middle East, Latin America, and Sub-Saharan Africa — reflecting both Italy's economic relationships and Bocconi's sustained investment in global partnerships. The broader Bocconi alumni network numbers over 200,000 graduates across 170 countries, with dense concentrations in financial services, consulting, consumer goods, healthcare, and the public sector. Notable alumni include figures such as Mario Monti (former Prime Minister of Italy and EU Commissioner) and executives at firms including McKinsey, Bain, Mediobanca, and Barilla. For senior professionals, the network's depth in Southern European and emerging-market business contexts offers something that alumni communities centred on London, New York, or Boston simply cannot replicate.