Global Initiatives

Finance in Brazil

BMGT448P/LASC448P Business in Brazil: A Comparative Study with US Business (3 credits)

Program Dates January 8-18, 2017
Destinations Sao Paolo and Rio de Janiero, Brazil
Faculty Professors Susan White and Karen Hallows
Program Fee $2,855* (estimate)
*This estimate is based on the 2016 program fee. Exact program fee is TBA. Fee does not include airfare, visa processing if applicable, most meals, and personal expenses.
Scholarships $500 Smith School Scholarships available for 1st time study abroad experience. Please visit the financing study abroad page for information.
Application Apply today!
Application deadline is October 1, 2016

Course Description

This 3-credit course will explore business in Brazil from an economic and financial standpoint. Students will compare business in Brazil to business in the U.S. primarily through research on economic and financial factors. Students will meet with top government officials, senior executives and industry experts during visits to a variety of businesses – in differing industries, U.S. companies doing business in Brazil, local and global Brazilian companies and financial institutions. These visits will provide students with a better understanding of market entry strategies, government procedures, business practices and specific business opportunities in Brazil, skills which are transferable to doing business in a variety of locations around the world. Substantive presentations in Brazil would give students an understanding of differing views on topics such as international financial arrangements, trade policies, taxation and government spending policies, government subsidies, and demographic and labor market issues including immigration.

Experiencing the complexity of the culture and appreciating the beauty of the natural countryside is an integral part of having a understanding Brazil, the largest and most populous country in South America. To enhance the immersion experience, there is a planned visit to Christ the Redeemer Statue in Rio, one of the 7 new wonders of the world and a tour of Sao Paolo, among other experiential opportunities.

Eligibility

Course is open to freshmen through seniors and all majors are welcome.

What Else Do You Need to Know?

PROGRAM DETAILS
International flights should not be booked until confirmation of course acceptance. Once registered for the course, students are advised, but not required, to purchase refundable airplane tickets to counter any inconvenience caused by a change in unforeseen circumstances. Oftentimes, students have made their travel arrangements through STA Travel, a discount student travel agency. Each student will, however, be responsible for payment in full of their own flight.

THE COURSE PROGRAM FEE
Program fee includes UMD tuition for 3 credits; shared accommodation, in-country ground transportation, transportation between Sao Paolo and Rio de Janiero, most meals, business visits, and costs for any other mandatory academic and cultural excursions and/or activities; professor and partner fees; pre-departure meetings and excursions; UM Education Abroad services; international health insurance, including medical evacuation and repatriation of remains coverage.

Not included: international airfare, visa processing if applicable, some meals, and personal expenses, and optional trip insurance. Students are responsible for obtaining and paying for their own visa and/or entry fee where applicable.

PAYMENT(S) FOR THE COURSE are collected accordingly:

  1. A non-refundable $50 application fee payable online by credit card is due at the time of application.
  2. Upon acceptance into the program, a $250 non-refundable deposit payable online by credit card is due within 10 days or less. The exact due date of this deposit will be communicated when student is accepted. Applicants understand that when he/she pays this deposit after being accepted into the program, it is deemed to be a commitment of participation. This deposit is non-refundable under any circumstances.
  3. The remaining balance will be due upon Education Abroad's registration of student into the program. This amount will appear on the student's account and will be payable before the end of the next billing cycle. See UMD's Education Abroad website for other refund and withdrawal rules. Any scholarship monies awarded by Smith will be credited to the student's account once the charge appears on his/her account. All efforts will be made to have the scholarship monies credited prior to payment due date.

Course Selection & Academic Calendar

TestudoUndergraduates must register for twelve credits (usually this will be four courses) and MBA exchange students must register for at least nine credits at the Robert H. Smith School of Business (twelve credits is a typical load). This is a visa requirement. We recommend that undergraduates and graduates not take more than 15 credits.

Course listings and the academic calendar are available on our registration Web site. Click on "schedule of classes", then on the appropriate semester, and then follow the directions below:

Undergraduates may choose from courses listed on Testudo as "BMGT" from levels 500 and below. The courses BMGT494 and BMGT495 , and courses with an “F” or “N” are reserved for Smith students only. Please choose at least 7 options; we recommend listing 8-9 course choices. Please feel free to indicate an order of preference. Please include the section number as well, for example, 0101, 0102, etc.

Graduates may choose from courses listed on Testudo as BUDT (Information Technology), BUMK (Marketing), BULM (Logistics), BUAC (Accounting), BUFN (Finance), BUMO (Management and Organization), and BUSI (General) at the 700 level and above. Please choose at least 6 options; we recommend listing 7-8 course choices. Please feel free to indicate an order of preference. Please include the section number as well, for example, 0101, 0102, etc.

Please be advised that graduate courses are offered in four different locations. You will want to take courses listed as held in Van Munching Hall (sections 0101, 0201, etc). You may consider courses held in Washington, D.C. (sections DC01, Dc06, etc.); there is a metro stop right inside the classroom building. You would need a car to get to the other locations, Shady Grove and Baltimore. Do not choose courses listed as BA01, BA02, etc., or SGI or SGII - these indicate Baltimore and Shady Grove.

Another way to determine that a course is held in College Park or Washington, D.C. is to look for "VMH" and "DC".

Examples of appropriate section numbers :

0101(09927) Avramov, D. (Seats=60, Open=43, Waitlist=0) Books

TuTh...... 3:30pm- 4:45pm (VMH 1202)

DC01(09928) STAFF (Seats=35, Open=25, Waitlist=0) Books
Tu........ 4:00pm- 6:40pm (DC 330A)

Prerequisite classes are listed in the course posting. Please make sure you have fulfilled these requirements with similar courses at home and are ready to take your indicated class.

You are able to request classes that are already full (shown in gray on testudo). We will waitlist you for those classes and explain how the waitlist works. Unfortunately, you cannot be in one section and waitlisted for another section so you will need to decide if you want to go for the sure thing or take a risk with a preferred (waitlisted) section.

Housing

Undergraduate Students

Undergraduates will have the option to live on campus, and should receive housing forms with this package or shortly thereafter. Please return these forms as quickly as possible to ensure a space. It is your responsibility to return these forms quickly in order to have on campus accommodations. Most of our residence halls require that you purchase a meal plan. There are few self-catering units available with kitchens where you would be exempted from the meal plan. Please remember that our residence halls do not include pillows, linens or blankets. Please see Residence Life for details about residence halls and current costs. Also on the international site study abroad site there are links for housing options.

Graduate Students

Graduate students must find their own accommodations. We understand very well the challenges of finding short-term leases, but unfortunately there is not enough housing on campus to accommodate everyone. The best place to start your search is www.och.umd.edu

Dining Services

There are many food options on campus available at www.dining.umd.edu

Estimated Expenses

As part of your application process you will need to certify that you have sufficient available funds for the expenses not expressly provided by the exchange. Please complete and submit with your application the Certification of Finances Form. You will need to include a letter from your bank verifying their ability to provide you with these funds. If you are to be supported by your government enclosed a verification of the arrangement.

You must submit a bank statement showing an available balance of a minimum of:

  • $14,625 for the year
  • $6,500 for the semester

Note: If the bank statement has someone else's name on it, you must include a letter from that person stating that he/she will support you with the required amount listed above. You cannot use an investment account. It has to be a regular checking or savings account that you (or the person listed on the account) can withdraw from at any time. 

Sample Bank Letter [ Word Doc ]

Download Certification of Finances Form:

How to Apply

Exchange students

Welcome to University of Maryland! If you are a prospective student, we encourage you to learn about the Smith School and our excellent offerings. If you have already been accepted, we are excited to have you be a part of our vibrant academic environment, and we look forward to your contributions and varying perspectives on business practices.

If you are a prospective exchange student, please ensure first with your exchange program coordinator that you are attending a partner school. We will help you with the Smith registration process as a team. Any questions, please email Chris Olson.

I. Application Procedures

For application procedures, please refer to our University of Maryland Education Abroad website.

Please note that all materials should be sent to:

Chris Olson
University of Maryland
Robert H. Smith School of Business
Office of Global Initiatives
2410 Van Munching Hall
College Park, Maryland 20742
United States

II. Administrative Issues

The University of Maryland is a large school and many arrangements are handled by computer. Once you are admitted, you may receive routine mailings asking for deposits or payment of bills. You may disregard these.

At a later date we will be sending you more specific information regarding arrival, orientation, course and registration information, and housing application forms.

After your application process has been completed we will send you the DS-2019 with which you can obtain your visa.

Please see visit the Testudo Web site for the academic calendar.

Web sites of interest for UMD incoming students:

Incoming Students

The University of Maryland is an energetic place with classes and activities to serve a student body of about 50,000 students. We are located an easy 20 minute metro ride from downtown Washington, D.C., and the campus benefits from the close proximity to the broader Washington and Baltimore metropolitan communities.

Maryland provides an academic environment that stimulates and challenges students both inside and outside the classroom, and exchange students are encouraged to take advantage of our diverse community.

We have a gorgeous gym, a beautiful performing arts center, and all of the free activities available in Washington, D.C., such as concerts, museums, the zoo and more. 

Jung Whan Lee

"I had found that UMD, especially its business school has good reputation for its famous faculty members and great facilities. One of former exchange students of my home school recommended me Smith school strongly. Also being close to DC and New York City attracted me. I have found diversified students with different backgrounds and it has been very unique experience, which was the very reason why I wanted to study abroad as an exchange student at the first time. Beautiful campus, great facilities such as recreation center and the events such as football games are exciting too."

- Jung Whan Lee

 

Relationship Building

Relationship Building Stamp

Eagerness to interact with new people and develop a strong network built on communication, empathy, and mutual respect.

Activity Description Eligible
International Student Orientation Volunteer Volunteer with International Student & Scholar Services by helping with international student orientation in August or January. All
Language Partner Program Interact with international students outside of the classroom to practice the foreign language you're studying. Sophomore
Junior
Senior
Study Abroad Ambassador Promote study abroad and other global opportunities to your classmates as a returned study abroad student. Junior
Senior

Self-Awareness And Humility

Self Awareness and Humility Stamp

Confidence in oneself without overestimating one's abilities while valuing the experience and backgrounds of others.

Activity Description Eligible
Global Internship Program Gain real-world work experience and earn academic credit in one of several countries as you intern for 8 weeks during the summer. Sophomore
Junior
Global Consulting Fellows Apply for this two-semester honors program to learn about cross-cultural issues in management and work on real-world projects for actual clients. Sophomore
Junior
Senior
Semester Abroad Study abroad for a semester at a partner institution or program, including with one of our 15 pre-eminent university exchange partners or Maryland-administered programs. Junior
Senior

Adaptability

Adaptability Stamp

Ability to overcome challenges and be resourceful when faced with difficult situations.

Activity Description Eligible
Global Internship Program Gain real-world work experience and earn academic credit in one of several countries as you intern for 8 weeks during the summer. Sophomore
Junior
Global Consulting Fellows Apply for this two-semester honors program to learn about cross-cultural issues in management and work on real-world projects for actual clients. Sophomore
Junior
Senior
Semester Abroad Study abroad for a semester at a partner institution or program, including with one of our 15 pre-eminent university exchange partners or Maryland-administered programs. Junior
Senior

Cultural Curiousity

Cultural Curiosity

Willingness to seek out and consider diverse viewpoints, appreciate the values and beliefs of others, and collaborate on diverse teams. 

Activity Description Eligible
Global UMD Campus Activities Visit globalmaryland.umd.edu for a list of upcoming international-focused activities on campus. Sophomore
Junior
Senior
UMD Passport Day Apply for the ticket to get you around the world: your very own passport! Sophomore
Junior
Senior
International Student Orientation Volunteer Volunteer with International Student & Scholar Services by helping with international student orientation in August or January. Sophomore
Junior
Senior
Language Partner Program Interact with international students outside of the classroom to practice the foreign language you're studying. Sophomore
Junior
Senior
Faculty-led Study Abroad Participate on a 3-credit 8-21 day course in another country led by a faculty member. Courses have included microfinance in Nicaragua, social entrepreneurship in South Africa, and marketing and design in Paris and Amsterdam. Sophomore
Junior
Senior
Global Internship Program Gain real-world work experience and earn academic credit in one of several countries as you intern for 8 weeks during the summer. Sophomore
Junior
Semester Abroad Study abroad for a semester at a partner institution or program, including with one of our 15 pre-eminent university exchange partners or Maryland-administered programs. Junior
Senior

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