NOVA-MBA Association is a nonprofit organization established in 2001 by students from Ivy-League schools with the support of top Italians abroad including Nobel Prize Franco Modigliani and other prominent academic and business leaders. The association is focused on promoting higher education, meritocracy, management culture as well as actively organizing ways to engage both MBA students as well as alumni into a cohesive and engaged network.
The organization's mission is to "Facilitate the participation of Italian Talents to top 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".
Since 2022 it's part of NOVA Foundation together with Mentors4u, the largest european mentoring program.
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.
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).
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).
Student clubs in US MBA Programs
As of 2012, an Italian student club formally affiliated with NOVA exists only at Columbia Business School.
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.
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.
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.