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Giovanna Crivelli Scholarships at Unicredit Group Location: Worldwide DL: 15 November 2011

To pursue the long-standing tradition of UniCredit and reflect its European dimension, UniCredit &
Universities Knight of Labor Ugo Foscolo Foundation announces the competition for three European
scholarships, in memory of “Giovanna Crivelli”, a young UniCredit employee who died
prematurely, aimed at training European researchers through courses of specialization abroad
covering theoretical and empirical studies in the fields of economics, banking and finance.
2. Details concerning the scholarships
The scholarships involve enrolment in and obligatory attendance of a PhD program, in line with the
candidates’ academic career for the academic year 2012/2013, at any Universities in the world, and
are renewable.
Each scholarship is worth € 25,000 (or equivalent). The above sum includes travel expenses and
health insurance, and is before tax.
Appropriately documented university tuition fees will be paid by the Foundation.
3. Eligibility requirements
To be eligible for the competition, applicants must be: 1) either citizens of all 22 countries1 where
UniCredit is present, with a degree from any European/non-European university (also outside the
geographical area of the Group) or 2) citizens of any nationality with a degree from any European
university within the geographical area of the Group; 3) have obtained a degree (at least three
years in duration) in the fields of economics, banking or finance, with a final top mark, after 30
September 2009; and 4) must have good knowledge of the foreign language used in the university
courses for which the scholarships will be spent.
At least one of the three scholarships will be awarded to a female participant.
4. How to apply
Candidates may only apply online using the application available on the Foundation’s website
at All the documentation accompanying the application
must be submitted exclusively online in PDF format and must be written in English.
In the application each candidate must declare:
 his/her first name, surname, nationality, taxpayer’s code, date and place of birth;
 his/her mailing address, including post code, as well as telephone number and e-mail address;
 in which country(-ies) he/she intends to follow a course of specialization, in addition to his/her
chosen university(-ies);
 the course he/she intends to attend, the study and research program that he/she intends to
complete and the goals that he/she hopes to achieve in the field of the study itself;
 that he/she possesses good knowledge of the foreign language used in the university courses for
which the scholarship will be spent;
 that he/she is not receiving any other scholarship in the same period as this scholarship,
undertaking to inform the Foundation if any other scholarship should subsequently be awarded;
 that he/she has never been convicted of a crime and that he/she has never been held in preventive
detention or under house arrest;
 that there are no criminal proceedings pending against him/her;
 that he/she authorizes the Foundation to process his/her personal details, pursuant to Italian
Legislative Decree 196/2003.
Applications must be accompanied by the following documents (in PDF format). Failure to do so
may result in exclusion from the competition:
 one certified copy of the degree certificate, indicating the marks obtained in the individual exams
and the final mark;
 one copy of a currently valid identification document;
 a detailed “curriculum of educational and work experience”, which provides a comprehensive
picture of the applicant’s education and work experience;
 the degree dissertation or any equivalent document;
 a summary of the degree dissertation in no more than ten pages, which highlights the original
contribution of the applicant to the topic discussed in the dissertation;
 any other documents (writings, publications, professional and academic qualifications, certificates,
etc.) regarding activities performed which the applicant considers may help the Scientific
Committee in their assessment;
 at least one letter of presentation written by a university teacher and directly sent via e-mail by the
teacher to the Foundation addresses (see contacts below);
 a TOEFL certificate or other equivalent document certifying good knowledge of the foreign
language used in the university courses for which the scholarship is chosen;
 a copy of the results obtained in the Graduate Record Examination (GRE) or Graduate
Management Admission Test (GMAT).
All the documents, apart from the certified copy of the degree certificate and the copy of a currently
valid identification document, have to be written in English (only the dissertation can be produced
alternatively in German or in Italian). Failure to do so may result in exclusion from the competition.
1 The 22 countries of UniCredit EU perimeter include: Austria, Azerbaijan, Bosnia and Herzegovina,
Bulgaria, Croatia, the Czech Republic, Estonia, Germany, Hungary, Italy, Latvia, Lithuania,
Kazakhstan, Kyrgyzstan, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey and Ukraine
5. Closing date for presentation of the application
Candidates’ applications, complete with the accompanying documentation, must be delivered by
Internet no later than November 15, 2011, following the procedure indicated in the aforementioned
internet site. When this time limit is reached, the online application procedure will be disabled.
As soon as the procedure will be considered completed, the candidate will receive a confirmation
message to her/his e-mail address confirming the full acceptance of her/his application.
6. Scientific Committee
The Foundation’s Scientific Committee will be responsible for the selection procedure and will identify
the winners of the scholarship. The Scientific Committee, appointed by the Foundation’s Board of
Directors, is composed of members among academics expert from the main European countries in
economics and finance.
The Committee may call the candidates for an interview.
7. Date of award of the scholarships
The scholarships will be awarded by 31 December 2011 by the Chairman of the Foundation on the
basis of the final decision expressed by the Scientific Committee as provided for under art. 6.
8. Documentation to be presented after awarding of the scholarships
The recipients of the scholarships must send through the online procedure (as indicated in the
aforementioned internet site) the following documents (failure to do so may result in forfeiture of the
scholarship), no later than 30 days of their being informed of being awarded the scholarships:
a) a birth certificate;
b) a certificate of citizenship;
c) a declaration to undertake not to receive any other scholarships during the period of the
scholarship provided for in these regulations.
9. Requirements for receipt of the scholarships
The recipients must notify the Foundation of the country and university chosen for the course of
specialization, and are obliged to follow the chosen study course in the country and university
specified. Any departure from this must be authorized in advance by the Foundation based on valid
and documented reasons.
The recipients must promptly communicate the starting date and duration of the course of
specialization; on this date they must start attending the course and inform the Foundation of said
The Foundation in turn will assign a tutor to each scholarship holder. The scholarship holder is obliged
to report to the tutor on the progress of his/her studies and to send two reports – one in January 2013
and one in June 2013 – to illustrate comprehensively the studies performed, the exams passed and
the work begun.
10. Method of payment
25% of the sum of the scholarships is paid in advance, 25% on confirmation of the beginning of
attendance of the courses and the remainder in two equal deferred installments (one in January 2013
and one in April 2013), without prejudice to the possibility of the sums relative to the individual
installments of university fees and any lodging expenses being paid in advance, upon documented
request of the recipient.
The Foundation reserves the right not to pay installments not yet accrued:
a) in the event of interruption, even temporary, of attendance of the course of study;
b) in the event of the failure to send to the Foundation the required reports regarding progress of the
c) if from the reports or information acquired it is found that the recipient has not achieved satisfactory
results in the course of study undertaken.
The Foundation may also request the return of any installments paid in advance if the recipient of the
scholarship does not attend the course of study.
11. Renewal of scholarship
The winners of the scholarships who attend the course of study with successful results, assessed to
discretion of the Foundation, may upon request obtain renewal of the scholarship for the following year
of study.
12. Possible cooperation with UniCredit Group Companies
UniCredit reserves the right to offer those awarded the scholarships, while they are still attending the
courses at the foreign university or once they have got their degrees, employment or any form of
cooperation with Group companies (on topics of particular interest to the Group).
13. Acceptance of all the conditions of the regulations
Participation in the competition implies unconditional acceptance of the entire contents of
these regulations.
Milan, June 22nd 2011
For any further information: internet web-site or contact UniCredit
& Universities Foundation, Via Santa Margherita 12 - 20121 Milano - Italy Tel.+39 02 8727 5583/4
e-mail: , ,