Financial matters & Benefits

What is the average cost of living in Milan?

Monthly expenses per person in Milan are estimated to be about € 800-1.000, depending on the accommodation solution you find. Below some examples are listed:

Accommodation: 400-600 €
Public transportation: 1 € (1-journey ticket); 30 € (monthly pass);
Food: Milk: 1,20 €/l; Bread: 3,50 €/Kg; Chicken: 8,00 €/Kg; Pasta: 1,00 €/Kg;
Spare time: Movie Theater: 7,50 €; Theater: 15-25 €; Fast food menu: 5,50 €; Pizza: 8-10 €

PhD Fellowship

For the entire duration of the PhD course, all students will be supported by a fellowship, amounting to 18.500 € gross/year. Based on the Italian law, all fellowships are subject to detractions, calculated on the indicated amount. The detractions are variable and approximately estimated around 25% of the total amount. Therefore the monthly stipend is about 1200 € .
Students are supported through two different types of fellowship:
University fellowships: every year the University of Milan will pay a number of fellowships.
External fellowships: these are fellowships paid through research funds or other financial support of the single group leader.

Extensions of the fellowships are foreseen (max 12 months), but must be agreed with the supervisor and approved by the faculty of SEMM.
Partial coverage for periods abroad is also foreseen. Any tuition fee is covered by SEMM.

Post doc

Fellows entering the SIPOD program will receive a competitive salary co-funded, when applicable (see eligibility), by the European Commission, in the context of the Marie Curie Action. Based on the Italian law, all fellowships are subject to detractions, calculated on the indicated amount. The detractions are variable and approximately estimated around 25% of the total amount. The monthly stipend is calculated to be around 2100€.

Benefits

• Reimbursement of travel (including air fares) and lodging expenses related to the applicant’s examination
• Free lodging at the host institutions’ guesthouse, for up to 30 days, to facilitate relocation
• Visa and administrative assistance for foreigners
• Paid vacation days and maternity leave
• Health care coverage through the Italian National Health system
• Monthly free medical service (only available at the campus IFOM-IEO)
• Subsidized cafeteria meal
• Free language courses: Italian for foreigners and English as second language
• Subsidized sport activities promoted by University sport associations for PhD students and by the campus IFOM-IEO for all researchers.