The weighted average is calculated only on the credits of graded exams (pass-or-fail exams, i.e., exams without a grade, are excluded from the calculation).

The value is calculated as follows:
a)  sum the products given by the grade of each exam multiplied by its credits;
b)  divide a) by the sum of all credits:
 (Grade1 x Credits1) + (Grade2 x Credits2) + (Grade n x Credits n)                  
 (Credits 1 + Credits 2 + Credits n)       

The number obtained with this formula is the Average grade expressed on a scale of 30.
If you want to obtain the score expressed on a scale of 110: Average grade expressed on a scale of 30 x 110/30

Exams passed with honors do not have an impact on the Average grade.

The Average grade is calculated on ALL the exams with a grade, to the second decimal place; there is no rounding. Such Average grade is transmitted to the Graduation Examining Committee.   

Normally the Committee might add to this Average grade up to a maximum of 5 points, taking into consideration:

• the evaluation of the Final Project (essay);
• how many years it took the student to complete the studies;
• other information about the course of study (for instance, the number of exams passed with honors, experiences abroad, extracurricular activities, etc.)  

If the candidate reaches the score of 110/110, the Graduation Examining Committee might decide to confer the degree with final honors (cum laude). The decision must be taken by qualified majority (at least 2/3 of the Committee members must vote in favor of awarding this distinction).