Italy · Master's
University of Milan
MSc Management of Innovation and Entrepreneurship
University of Milan
Course Overview
The University of Milan's MSc Management of Innovation and Entrepreneurship (MIE) is a two-year, 120-ECTS master's taught entirely in English in Milan. Students choose one of three tracks: Digital Innovation (digital marketing, digital transformation and Industry 4.0 strategy), Entrepreneurship (new-venture creation, intellectual property and social enterprise) or Finance for Innovation (corporate finance, venture capital and sustainable finance). Shared core courses include Advanced Industrial Organization, Corporate Finance, Management of Innovation, Performance Management and Control Systems, and Quantitative Methods. Every student earns credits through an internship or lab, with placements of two to twelve months possible in Italy or abroad.
Milan is Italy's business and start-up capital, and La Statale is the country's largest research university and its only member of the League of European Research Universities. For Sri Lankan business, economics and management graduates from Colombo, Sri Jayewardenepura, Kelaniya, SLIIT, NSBM or CINEC, the programme offers a European management master's at a fixed fee of only a few hundred euros a year, because Sri Lanka is in the university's lowest fee group. Italy's 12-month 'attesa occupazione' permit lets graduates stay on to look for work in Milan's consulting, finance and corporate sectors.
Entry Requirements
Academic
- check_circle A recognised Bachelor's degree with at least 40 ECTS (or equivalent credits) across business and management, economics, mathematics, statistics and law.
- check_circle Sri Lankan graduates in business administration, management, commerce, finance or economics from Colombo, Sri Jayewardenepura, Kelaniya, SLIIT, NSBM or CINEC are well matched.
- check_circle A detailed CV and bachelor's study plan (subjects, grades and average), then a compulsory online test on management, marketing and strategy, financial accounting and statistics; an online interview in English may also be requested.
- check_circle Apply online to the University of Milan first, then complete pre-enrolment on Universitaly for the Italian student visa.
English Proficiency
- check_circle English at CEFR B2 level or higher is required.
- check_circle Proof through a recognised certificate such as IELTS Academic or TOEFL iBT.
- check_circle Waived if your degree was taught in English, if English is your mother tongue, or if your transcript includes 6 ECTS of English — Sri Lankan applicants from English-medium degrees can submit official documentation such as a medium-of-instruction letter.
- check_circle No Italian is required for the programme.
Estimated Cost of Study
| Expense Category | Amount (€) | Approx. LKR |
|---|---|---|
| Tuition Fee (per year, fixed fee for Sri Lankan citizens) | €412 | Rs. 140,000 |
| Accommodation & Living Expenses (per year, Milan) | €12,000 | Rs. 4,140,000 |
| Residence Permit & Health Insurance | €400 | Rs. 140,000 |
| Total Year 1 Investment | €12,812 | Rs. 4,420,000 |
*LKR conversion based on current bank rates. Subject to change.
Career Outcomes & PR
Non-EU graduates of Italian universities can apply for a 12-month residence permit to look for work ('permesso per attesa occupazione') and convert it to a work permit once hired. MIE graduates become managers in manufacturing and service companies, entrepreneurs, and consultants or analysts in consulting firms and financial institutions. Milan hosts Italy's stock exchange, the headquarters of Pirelli, Prada and Luxottica, the major consultancies, and a lively start-up and venture-capital scene. Sri Lankan returnees fit innovation, strategy, venture and corporate-finance roles at John Keells, Hayleys, Dialog, MAS and Colombo's start-up ecosystem.
Related Programs
Ready to Start Your Journey?
Our counsellors have helped hundreds of Sri Lankan students secure placements in Italy. We handle everything from applications to visa processing — and it starts with a free, in-person visit to one of our three offices.
ඔබට සුදුසු විශ්වවිද්යාලයක් තේරීම, අයදුම්පත් යොමු කිරීම, SOP සකස් කිරීම සහ වීසා ලබා ගැනීම ඇතුළු සෑම පියවරකදීම, ඔබ වෙනුවෙන් සියලුම වගකීම් විශ්වාසවන්තව අප භාර ගනිමු.
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- location_on Rajagiriya (head office) 8th Floor, Jana Jaya City Mall, Rajagiriya, Sri Lanka
- location_on Jaffna 158 Hospital Road, Jaffna, Sri Lanka
- location_on Matara No. 474 New Tangalle Road, Matara, Sri Lanka
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