NOVA-MBA Association

NOVA-MBA Association is a nonprofit organization founded in 2001 and incorporated in 2002. The organization's mission is to "Facilitate the participation of Italian Talents to top US MBA programs, contribute to the success of Italy and Italian Companies by promoting Italian MBA students and alumni recruiting, and create a strong, lasting and highly valuable network of successful executives, entrepreneurs and professionals among Italian MBA students and alumni".

NOVA-MBA Association
Formation2001
TypeAlumni association, Research institute, think tank
HeadquartersNew York City, United States
Location
  • Global
Membership
~1,500
Official language
Italian, English
Budget
$88,946[1] (2010)
Staff
25 officers
Websitenova-mba.org

Membership

Member schools

NOVA membership has historically been restricted to Italian MBA graduates of the seventeen US institutions included in the list below. As of 2013, London Business School has been included as a member.

Business School University
Booth School of Business University of Chicago
Columbia Business School Columbia University
Daniels College of Business University of Denver
Fuqua School of Business Duke University
Haas School of Business University of California, Berkeley
Harvard Business School Harvard University
Kelley School of Business Indiana University
Kellogg School of Management Northwestern University
McCombs School of Business University of Texas at Austin
MIT Sloan School of Management Massachusetts Institute of Technology
New York University Stern School of Business New York University
Samuel Curtis Johnson Graduate School of Management Cornell University
Stanford Graduate School of Business Stanford University
Tepper School of Business Carnegie Mellon University
Tuck School of Business Dartmouth College
UCLA Anderson School of Management University of California, Los Angeles
Wharton School of the University of Pennsylvania University of Pennsylvania
London Business School University of London

However, graduates of other programs figuring in the list of United States graduate business school rankings, and most notably the Yale School of Management, the Ross School of Business, and the Darden Graduate School of Business Administration are generally accepted as well.

Note that all six Ivy League business schools are included (Wharton, Tuck, HBS, CBS, Cornell, Yale). Brown University and Princeton University do not have business schools (although Brown offers a joint Executive MBA program with Spain's Instituto de Empresa Business School).[2]

As of 2012, the association is in the process of evaluating extending membership to graduates of Top European MBAs as well (such as INSEAD, IMD and others).[3]

Student clubs in US MBA Programs

As of 2012, an Italian student club formally affiliated with NOVA exists only at Columbia Business School.[4]

In other MBA programs, the number of Italian students is typically less than 3-4 per year, which usually implies that Italian clubs do not formally exist, and students are typically part of broader European groups, such as, for example, Harvard Business School's European Club.[5]

Size of membership base

It is estimated that a total of ~2,000 Italians have obtained MBA degrees from top US universities from 1950 to 2012, or roughly 30 students per year. The number of graduating Italian students in top MBA programs varies significantly on a year by year basis and peaked at 86 for the class of 2010.[3]

As of 2012, NOVA had a total of ~1,500 registered members in its website database. Given the general preference of Italian students for Northeast US business school, New York City- and Boston-based schools (Columbia, NYU, Harvard, MIT) have the largest number of alumni in the association.

Notable members

Notable NOVA members include ENI CEO Paolo Scaroni, Telecom Italia and Assicurazioni Generali chairman Gabriele Galateri di Genola, Vodafone Group CEO Vittorio Colao, and former Italian Minister of Economic Development Corrado Passera.

Yearly conference

Arguably, the most notable event hosted by the association is its yearly conference. Since 1999, the association has hosted a conference each year in the US. In 2011 two conferences were hosted - one in Italy for the 10th anniversary of the association and the regular conference in the US.

The NOVA conference typically attracts between 100-300 individuals among current students, MBA alumni, corporate recruiters, and guests. The format is generally a 2-day weekend event, with a gala dinner on the Saturday evening. The conference is held in Autumn, typically in October or November.

Location and theme
  • 2012: Boston: "WAKE UP ITALY!": "Strategies, opportunities and challenges to re-launch the growth of Italy" [6]
  • 10th Year Anniversary Event [2011]: "Milan, Italy / Una cultura della crescita e delle regole per salvare il Paese dalla catastrofe"[7]
  • 2011: New York, Columbia Business School / NYU, "Italian citizenship, European passport, Global competition"[8][9]
  • 2010: New York, Columbia Business School / NYU, "Italy 2020: Inspiring Our Future"[10][11]
  • 2009: Boston, MIT / Harvard Business School: "Relentless InNOVAtion - International perspectives at the crossroads of business, technology, and public policy"[12][13] (in collaboration with the European Student Club Conference at HBS on 'Financing Innovation: VC/PE in Europe')[14]
  • 2008: New York, Columbia Business School / NYU : "Accelerating the Development of Italian Productivity: The Key Engines of Growth"
  • 2007: New York, Columbia Business School / NYU: "Positive aspects of polarization: the Italian advantage"[15]
  • 2006: Stanford[16]
  • 2005: Boston, Harvard Business School / MIT
  • 2004: New York, Columbia Business School / NYU
  • 2003: Chicago/Kellogg/Wharton
  • 2002: Boston, Harvard Business School / MIT
  • 2001: New York, Columbia Business School / NYU

Other activities and initiatives

Press Relations

NOVA officers and members regularly engage with the national and international press. Articles quoting NOVA officers and members have appeared in The Wall Street Journal,[17] Time Magazine,[18] Radio 24 (Italy),[19][20] YouDem Tv.[21]

NOVA historically had a partnership with leading Italian newspaper Corriere della Sera, with regular articles appearing until 2002.[22]

Policy Affairs

NOVA officers publicly engage with Italian members of parliament on matters relevant to members of the association. Occasionally, this dialog happens through the press.[22][23]

NOVA has been among the non-governmental associations contributing to the improvement and ongoing dialogue[24][25] relative to the "Controesodo" bipartizan law, passed by the Italian Parliament in 2010 to incentivize the return of talented Italians to the country.

As of 2012, four officers were part of the Policy Affairs group.[26]

Think Tank

As of 2012, the association is seeking funding to create a Think Tank centered on the study of managerial and entrepreneurial professions in Italy.[3]

Other Activities

Besides the yearly conferences, NOVA-MBA also:

  • Supports formal and informal alumni gatherings, mainly in the USA,[27] Italy[28][29] and the UK.
  • Engages in initiatives to facilitate scholarships and access to credit for MBA candidates.[30][31][32][33][34][35][36]

Corporate governance

NOVA is a 501(c)(3) not-for-profit corporation, incorporated in New York State in 2002. NOVA is further recognized as a public charity by the IRS.[1]

The association has five members currently serving a two-year term on its board and two honorary chairmen.[26]

NOVA officers are nominated by the board for a two-year period, following an online poll among the entire membership base. The number and roles of officers varies from time to time; there are currently 25 officers volunteering for the association.[26]

References
  1. "NOVA-MBA Organization Overview". NCCS - National Center For Charitable Statistics. Retrieved 1 May 2012.
  2. IE - Brown joint EMBA
  3. "NOVA President's letter", New York, 22 April 2012. Retrieved on 28 April 2012.
  4. "Student Groups at Columbia Business School". Retrieved on 6 May 2012.
  5. "HBS European Club". Retrieved on 6 May 2012.
  6. NOVA Conference Website
  7. "NOVA 10th Anniversary (Decennale)". Kauffman Foundation - Global Entrepreneurship Week Events. Archived from the original on 15 November 2012. Retrieved 1 May 2012.
  8. "Student Club Events - XII NOVA Conference". New York University - Stern School of Business. Retrieved 1 May 2012.
  9. "12th Nova Conference, November 12, 2011". Roland Berger Strategy Consultants. Retrieved 1 May 2012.
  10. "XI Nova Conference - Italy 2020: Inspiring Our Future". Columbia Business School - Campus Groups. Retrieved 1 May 2012.
  11. "NOVA Conference: Italy 2020 Inspiring Our Future". i-Italy. Retrieved 1 May 2012.
  12. "X NOVA Conference". Massachusetts Institute of Technology. Retrieved 1 May 2012.
  13. "Gli studenti MBA italiani a Boston". La Voce - Quotidiano Indipendente. Retrieved 3 May 2012.
  14. "Financing Innovation Conference" (PDF). European Student Club of HBS. Retrieved 4 May 2012.
  15. "NOVA, talenti per le imprese". Oggi 7 - Magazine Domenicale di America Oggi. Retrieved 3 May 2012.
  16. "News - Conference Asks: "What Drives Innovation?"". Stanford Graduate School of Business. Retrieved 1 May 2012.
  17. "Italy Takes Steps to Address Flight of Talented Youth",The Wall Street Journal, Rome, 11 March 2011. Retrieved on 28 April 2012.
  18. "Arrivederci, Italia: Why Young Italians Are Leaving",Time (magazine), Rome, 18 October 2010. Retrieved on 28 April 2012.
  19. "Giovani talenti",Radio 24 (Italy), Milan, 31 March 2012. Retrieved on 28 April 2012.
  20. "Giovani talenti",Radio 24 (Italy), Milan, 18 December 2010. Retrieved on 28 April 2012.
  21. "YouDem.TV: L'altra Italia. Linea Mondo",YouDem Tv, Milan, 20 January 2011. Retrieved on 28 April 2012.
  22. "Nova, lettere dalle Business School". Corriere Della Sera. Retrieved 29 April 2012.
  23. "Il DDL Controesodo copre anche gli studenti Mba?", Milan, 14 June 2010. Retrieved on 28 April 2012.
  24. "Retaining Talent in Italy. IESE Alumni Gather in Milan for Continuous Education Session". IESE Business School - Top Stories. Retrieved 29 April 2012.
  25. "Italiani all'estero, "Controesodo - Viva l'Italia": a New York". Italia Chiama Italia. Retrieved 29 April 2012.
  26. "List of NOVA officers and directors". Retrieved on 28 April 2012.
  27. "104th Consecutive Monthly Aperitivo Italian Professionals and Entrepreneurs". Alumni Bocconi University. Retrieved 1 May 2012.
  28. "MBA's Cup: 19 business schools put wind in their sails". Universita' Bocconi - Press Office. Retrieved 1 May 2012.
  29. "Enel Green Power e American Express vincono Premio "Scacchi e Strategie Aziendali"". Associazione Scacchi e Strategie Aziendali. Retrieved 1 May 2012.
  30. "Press Release: Scholarship NOVA - The Boston Consulting Group Scholar". Columbia Graduate School of Business. Retrieved 1 May 2012.
  31. "Yale School of Management - List of Outside Scholarships". Yale School of Management. Retrieved 1 May 2012.
  32. "Post-Graduate Associations". The Italian Student Loan Fund. Retrieved 1 May 2012.
  33. "Outside Scholarships". University Of Chicago - Office of International Affairs. Retrieved 1 May 2012.
  34. "Outside Scholarships". University of Notre Dame. Retrieved 1 May 2012.
  35. "Other Scholarships - "The NOVA Scholarship"" (PDF). Stanford Graduate School of Business. Retrieved 1 May 2012.
  36. "Outside Funding". UCLA Anderson School of Business. Retrieved 1 May 2012.
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