Bocconi University the highest level. In a joint venture with the Central European University of Budapest, Bocconi also offers a four-year "Dual Degree in International Business", the first two years of which are spent in Budapest and the latter in Milan. Moreover, Bocconi University, together with University of Southern California and Hong Kong University of Science and Technology offers the "World Bachelor in Business," the first bachelor's programme where students are able to study in three continents over the four years of the degree and obtain three diplomas from the three universities. The Bocconi Graduate School mainly offers master programs mainly taught
Bocconi University MBA and Master of Arts in International Affairs (MAIA) with the Paul H. Nitze School of Advanced International Studies (SAIS) in Johns Hopkins University's Bologna Center. In 2006, research was mainly funded by Bocconi itself (around €1.5 million), the European Union (around €1.4 million) and the Italian Ministry of Education, Universities and Research (around €300 thousand), in addition to other external sources (around €11 millions). In 2011, the European Research Council (ERC) assigned around €5 millions to five projects in the area "social science and humanities" led by five Bocconi professors. As of 2007, the University has 20 permanent research