Global Initiatives

United Kingdom - Belgium - Amsterdam - New York - Washington, DC

BMGT 428D ‐ Accounting's Future, Present, and Past (Europe, NYC, DC)

Program Dates Arrive in NYC: Sunday, January 3, 2016;
Depart NYC on Friday, January 8, 2016 and arrive in London on Saturday, January 9, 2016
Depart London and arrive in Brussels on Saturday, January 16, 2016 by train
Depart Brussels and arrive in Amsterdam on Tuesday evening, January 19, 2016 by train
Depart Amsterdam to return to USA on Thursday, January 21, 2016
January 3, 2016 thru January 21, 2016
Destinations London, UK
Brussels, Belgium
Amsterdam, Netherlands
New York, NY
Washington, DC
Faculty James McKinney
Program Fee $4,275
Scholarships $500 Smith School Scholarships available for 1st time study abroad experience. Please visit the financing study abroad page for information.
Application Application deadline is October 1, 2015. Apply online at: globalmaryland.umd.edu/offices/education-abroad/program/10939.

Course Description

This course will explore current topical themes in accounting in the United States and abroad as well as look at historic foundations of accounting that brought us to this point. A large part of the course would include visits to sites that are significant to the development of the accounting profession and offices of accounting thought leaders. The course will explore histories behind the institutions and the how to research accounting and auditing pronouncements and publications developed by these same institutions. Students will gain experience working with professional accounting and auditing research databases as well as other databases that are useful for accounting and auditing research. The course is structured in anticipation of meeting the New York State accounting research requirement for the CPA Exam. This course will count as an accounting elective for degree requirements for students majoring in accounting.

"In addition to the educational benefits, I view this course as an employment vehicle - with all of our New York and DC large accounting firm recruiters being made aware of the participants and at times interacting with them. The organizations and persons we will meet with, affect virtually every professional accountant in the US and most accountants overseas and affect almost all large multinational corporations. The organizations they will visit will be integral to their lives as professional accountants and will only increase in importance to them as they progress through their careers. Students will be able to compare the professional and educational careers of professional accountants in the US, UK, and Belgium. Students will gain experience working with professional accounting and auditing research databases as well as other databases that are useful for accounting and auditing research." - Jim McKinney, Course Leader

Eligibility

This course is open to all majors but will primarily benefit accounting majors. This course is accounting focused with almost all visits having an accounting theme. Students must have satisfactorily completed BMGT 220 - Principles of Accounting I prior to start of course.

Target Audience 

  • Undergraduate accounting majors planning to work in the area of accounting and/or auditing.
  • Students desiring an interesting Winter term accounting elective. This course will count as a three credit accounting elective for meeting degree requirements for students majoring in accounting.
  • Students who desire close interaction with the leading accounting firms and close interaction with their recruiters. Though not guaranteed, we are trying to have a member of the OCS staff to be the additional course leader.
  • Students who wish to interact with accounting thought leaders around the world.
  • Accounting undergraduates planning to work in the New York metro area. The course is structured in anticipation of meeting the New York State accounting research requirement for the CPA Exam (though given current ambiguity regarding the regulation it may not be necessary for Maryland accounting majors).
  • Ideally students would be juniors or seniors but it is not a prerequisite (sophomores have completed the course successfully). Students will need to have completed BMGT 220 by the start of the course.

Visits Made in Winter 2014

When this course was taught in 2014 with the course going to Italy instead of Belgium here are some of the accounting thought leaders we met with (in order of visit):

  • Mark Manoff, EY Americas Vice Chair and member of Smith Board of advisors
  • Kim Nielsen, AICPA, Executive Editor - Magazines & Newsletters and Journal of Accountancy
  • Michael Glynn, AICPA, Senior Technical Manager, Audit and Attest Standards
  • Gary Pflugrath, IAASB, Director, Policy and Public Relations
  • Russell G. Golden, FASB, Chairman
  • James L. Kroeker, FASB, Vice Chairman
  • Daryl E. Buck, FASB, Board Member
  • Thomas J. Linsmeier, FASB, Board Member
  • R. Harold Schroeder, FASB, Board Member
  • Marc A. Siegel, FASB, Board Member
  • Peter Timberlake, U.K. Financial Reporting Council, Head of Communications
  • Cindy Fornelli, Center for Audit Quality, Executive Director
  • Jay Hanson, PCAOB, Board Member 

As well as representatives and partners of the Big Four accounting firms in both the London and New York offices and representatives from the AICPA, FASB, IAASB, IASB, ICAEW, SEC, PCAOB, and CAQ. We also met with the New York recruiters for the five accounting firms we visited in the US as well as firm recruiters in the UK.

Academic Visits and Excursions and Travel Planned for Winter 2016

Study in New York City

  • Sunday 1/3/2016 - Friday 1/8/2016 Travel (student arranged) from DC to NYC.

Accounting related site visits**:

  • US Headquarters of Deloitte (Global HQ), EY, KPMG, and PwC
  • Local/Regional Accounting Firm: Anchin
  • American Institute of Certified Public Accountants (AICPA - top CPA organization, US non-issuer auditing standard setter, prepare and run CPA exam, publish top accounting publication)
  • Financial Accounting Foundation (FAF) and Financial Accounting Standards Board (FASB-US accounting standard setter)
  • International Auditing and Assurance Standards Board and International Federation of Accountants (IAASB - International auditing standard setter)

Other Business Related Sites:

  • Museum of American Finance
  • Wall Street Tour

**Professional visits listed are planned visits but will need to be arranged

Study in London

  • Saturday 1/9/2016 - Saturday 1/16/2016
  • Travel (student arranged) leaving NYC on Friday 1/8/2016 arriving in London on Saturday 1/9/2016.

Accounting related site visits**:

  • UK Headquarters of Deloitte, EY (Global HQ), KPMG, and PwC (Global HQ)
  • IFRS Foundation and International Accounting Standards Board (IASB-International accounting standard setter)
  • Institute of Charted Accountants of England and Wales (ICAEW - top organization of chartered accountants, administer charter accountant exams, provide IFRS training)
  • Financial Reporting Council (FRC - UK auditing and accounting standard setter and enforcer)

Other Business Related Sites:

  • London Financial Tour
  • Bank of England Museum

**Professional visits listed are planned visits but will need to be arranged

Study in Brussels

  • Saturday 1/16/2016 - Tuesday 1/19/2016
  • Travel from London to Brussels via train (course inclusive) on Saturday 1/16/2016
  • Travel leaving Brussels on Tuesday evening 1/19/2016

Accounting related site visits in Brussels**:

  • Headquarters: BDO (Global HQ) and at least one of the Big 4 offices
  • Federation des Experts Comptables Europeens (FEE - organization representing the European accounting profession)
  • European Financial Reporting Advisory Group (EFRAG - advisor to the European Commission on technical accounting matters)
  • European Commission (devises accounting rules for EU Countries)

**Professional visits listed are planned visits but will need to be arranged

Accounting related site visits in Amsterdam**:

  • International Forum of Independent Audit Regulators (IFIAR) of which the PCAOB is a member
  • Global HQ of KPMG

**Professional visits listed are planned visits but will need to be arranged 

Study in Amsterdam

Amsterdam

  • Tuesday, 1/19/2016 - Thursday 1/21/2016
  • Travel from Brussels to Amsterdam (course inclusive) on Tuesday (evening), 1/19/2016
  • Travel (student arranged) leaving Amsterdam on Thursday 1/21/2016

Accounting related site visits in Amsterdam**: 

  • Headquarters: KPMG (Global HQ)
  • International Forum of Independent Audit Regulators (IFIAR) 

**Professional visits listed are planned visits but will need to be arranged 

Study in Washington, DC

The first three Friday afternoons during spring 2016 Term - travel by Metro (student arranged). Accounting related site visits **:

  • U.S. Securities and Exchange Commission (SEC- top US accounting regulator)
  • U.S. Public Company Accounting Oversight Board (PCAOB-top US auditing regulator)
  • Center for Audit Quality (organization represents the largest auditing firms in the US)

**Professional visits listed are planned visits but will need to be arranged

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: $4,275 includes UMD tuition for 3 credits; shared accommodation for 18 nights, in-country ground transportation, transportation between London and Brussels; most group meals, business visits, applied learning component, 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, transportation to New York, transportation to DC visits, visa processing if applicable, most 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.

India’s Transition to Market Capitalism and the Evolution of Indian Business

Faculty Professor Kislaya Prasad 
Destination Delhi and Mumbai or Bangalore, India
Eligibility Open to 2nd and 3rd year full-time and part-time MBA students. No application required to register for AY 2015-16.
Estimated costs Fall 2015: 1 credit of tuition + Program Fee.
Program fee covers shared accommodation, in-country ground transportation, some group meals, business visits, applied learning component, and cultural activities for the abroad portion of the program.
Program Fee pending. Will be posted on Networth.
Spring 2016: 3 credits of tuition + Education Abroad Fee ($250) + Mandatory International Health Insurance Fee ($39, estimated)
Not included: international airfare, visa processing if applicable, most meals, personal expenses.
Registration instructions See Networth
Add/drop deadlines October 2; students must email Office of Global Initiatives by to avoid late withdrawal fees.
Credit structure 1 credit earned during Fall semester + 3 credits earned during Spring semester.  Total credits earned = 4 credits.
Dates on campus Tentative: October 4 and December 6, 2015; February 7 and 21, 2016, at the Smith School, College Park campus
Dates abroad January 3–12, 2016
Info session TBA
Questions? Contact the Office of Global Initiatives, ogi@rhsmith.umd.edu

This program examines the evolution of the Indian business environment in the years since economic reforms that started in 1991. The post-reform era has been marked by consistent progress, but significant challenges remain. Although reforms were characterized by liberalization of the economy and a transition to market capitalism, the state still looms large in India.  The one year-old Modi government came to power with the promise to jump-start the economy, in part by further liberalizing the economy.  The Indian experiment provides fascinating insight into the fundamental question of what conditions facilitate economic growth and are conducive to the existence of a vibrant business sector.   

Against this backdrop students will study the experience of a number of sectors of the India economy: (1) Media and entertainment; (2) Manufacturing and supply chain; (3) Information technology; (4) Consumer goods and retailing; (5) Infrastructure development; (6) Financial Sector; and (7) Healthcare and Pharmaceuticals.  Relevant readings will be combined with company visits, and discussions with experts and thought leaders. In addition to understanding the role of the government in industry, students will also gain an understanding of social, political, and cultural determinants of the business environment. They will learn about key trends and forces that will have a significant impact on the fortunes of India industry.

Applied learning component

The applied learning component will have students focus on a specific problem posed by an American business, for which they will need to contextualize their solution based on the understanding developed of forces driving the Indian economy. 

Maryland-based businesses will define a task for student teams to accomplish.  This may involve exploration of market opportunities, formulation of market-entry strategies, sector-specific research etc.  Teams will begin their research before the in-country component, will get the opportunity to do relevant fact-finding when in India, and will be required to make a presentation upon return.

Emerging Markets Forum Extols Entrepreneurship

Profit-driven entrepreneurs do more to help low-income families than many activists with social missions, keynote speaker Iqbal Quadir said April 24, 2015, at the fifth annual Emerging Markets Forum in Washington, D.C. The daylong event, organized by the Center for International Business Education and Research (CIBER) at the University of Maryland’s Robert H. Smith School of Business, brought together business, policy and academic leaders to discuss entrepreneurship in a global marketplace. A U.S. Department of Education grant provided funding.

Doing Business in Chile (DC Weekend Students Only)

Faculty Dr. Bennet Zelner
Destination Santiago, Chile and surrounding areas
Relevant career track(s)   Consulting; Strategy; Marketing
Eligibility Open to 1st year DC Weekend Students Only. No application required to register for AY 15-16
Estimated costs

Fall 2015: 1 credit of tuition + Program Fee (see Networth for details). Program fee covers shared accommodation, in-country ground transportation, some group meals, business visits, applied learning component, and cultural activities for the abroad portion of the program.

Spring 2016: 3 credits of tuition + Education Abroad Fee ($250) + Mandatory International Health Insurance Fee ($39, estimated)

*Not included: international airfare, airfare between Sao Paulo and Rio de Janeiro, visa processing if applicable, most meals, personal expenses

Registration instructions See Networth
Add/drop deadlines October 2; students must email OGI by October 2 to avoid late withdrawal fees 
Credit structure 1 credit earned during Fall semester + 3 credits earned during Spring semester.  Total credits earned = 4 credits.
Dates on campus Tentative: October 4th, October 18th, other dates TBA
Dates abroad TBA
Info session TBA
Questions? Contact the Office of Global Initiatives, ogi@rhsmith.umd.edu

 

Chile is a beautiful, exciting country renowned for its economic stability in the South American region. It leads South and Latin American nations in competitiveness, quality of life, economic freedom, and boasts a low perception of corruption. Some of Chile's famous exports include grapes, excellent wines, and fine fish. Mining and minerals are also big business in the country. Chile's progressive economic policies mean that the U.S. is a major destination for Chilean products and services. 

Throughout this course students will:

  •  Examine the thoughtful and effective strategies that contribute to the country's wealth.
  • Explore the development and performance of the Chilean economy in a world continuing to undergo rapid globalization.
  • Understand the political and economic history of Chile and its place in the global economy.
  • Focus on Chilean companies and their domestic and global expansion strategies.
  • Consider issues surrounding the political, economic, historical, geographic, and social framework of Chile.

An integrated set of course readings, cultural excursions, and business visits will facilitate the learning described above.

This course will focus on teambuilding and teach leadership skills that can be put into practice in a global business environment. Students will increase their cultural self-awareness and begin to recognize and appreciate culture-specific patterns of difference.

Through experiential learning, students will gain cross-cultural communication skills that will help them navigate the Chilean and other global business environments.

Doing Business in France

Faculty 20
Destination Paris, France
Eligibility Open to 2nd and 3rd year full-time and part-time MBA students. No application required to register for AY 2015-16
Estimated costs Fall 2015: 1 credit of tuition + Program Fee (see Networth for details).
Program fee covers shared accommodation, in-country ground transportation, some group meals, business visits, applied learning component, and cultural activities for the abroad portion of the program.
Spring 2016: 3 credits of tuition + Education Abroad Fee ($250) + Mandatory International Health Insurance Fee ($39, estimated)
Registration instructions See Networth
Add/drop deadlines October 2; students must email OGI by October 2 to avoid late withdrawal fees 
Credit structure 1 credit earned during Fall semester + 3 credits earned during Spring semester.  Total credits earned = 4 credits.
Dates on campus November 8; February 21, May 1 Tentative: October 4th, other dates TBA @ Smith School, College Park campus.  
Dates abroad March 12-19, 2016
Info session TBA
Questions? Contact the Office of Global Initiatives at ogi@rhsmith.umd.edu

This course will bridge the gap between acquiring knowledge of business skills in the classroom and gaining expertise in the economic environment specific to France. By looking at the social, political, and cultural determinants of France’s business environment, students will examine key trends and forces that will have a significant impact on the design of a successful business plan.

Applied learning component

Development of a business plan for a new company that would operate in a major French industry. Industries could include electricity, transportation equipment, wine and fashion, all of which have established infrastructure in France. Other industries are acceptable as well but must receive instructor approval. Plans may be prepared individually or in groups of up to three students.

Skills and knowledge gained 

Throughout this course students will:

  1. Develop knowledge of the French business environment as it applies to a chosen industry or proposed company.
  2. Understand the major growth areas and opportunities in France.
  3. Apply marketing, finance, and strategy concepts to develop a successful business plan in France.
  4. Understand the cultural and institutional differences between France and the US.

Nicaragua

BMGT448N and LASC 448W:  Microfinance consulting in Nicaragua (3 Credits)

REDUCED PROGRAM COST!

APPLICATIONS OPEN UNTIL OCTOBER 12

Program Dates March 11-20, 2016 (During Spring Break) 
First paid hotel night in Managua is Friday, March 11. Last paid hotel night in Managua is Saturday, March 19. 
Pre-Departure Meetings Mandatory Pre-Departure Meetings will be held:
November 13, 2015 from 12:30 - 3 p.m.
February 19, 2016 from 11:30 a.m. - 3 p.m.
Destinations Managua, Granada, and surrounding areas, Nicaragua
Faculty Karen Hallows
Program Fee $2,350
Scholarships $500 Smith School Scholarships available for 1st time study abroad experience. Please visit the financing study abroad page for information.
Application Application deadline is October 1, 2015. APPLY NOW AT: globalmaryland.umd.edu/offices/education-abroad/program/10938.
Note: Admission of students with complete applications is on a competitive basis but rolling admission and application review will take place prior to the "last day to apply" date. Admissions notifications will be sent on or after the decision date.
Syllabus Sample syllabus | 2014 Itinerary

Nicaragua

Join “Microfinance Consulting – Nicaragua” during Spring Break 2016 and impact real businesses with your business knowledge. Students in this course will be paired with Nicaraguan students from Universidad Americana, a bilingual business college to work on consulting projects for local organizations as well as local entrepreneurs.  Speaking Spanish is a plus, but is not required for participation. 

1) CONSULT FOR A MICROFINANCE ORGANIZATION: Student teams will expand and continue consulting services, develop generic business plans and market assessment tools to microfinance lending organizations including, Opportunity International. 

2) CONSULT WITH LOCAL ENTREPRENEURS: Students will extend and continue consulting services to new local entrepreneurs to develop and revise business plans, devise strategies and reorganize their business structures.  Students will we welcomed at a round-table gathering of those who business people who have already been helped by previous Smith teams. 

3) EXPLORE NICARAGUAN CULTURE: Students may visit an active volcano, art galleries, artisan shops, a chocolate factory, enjoy the local cuisine, folklore dancing and music, as well as surfing, swimming and zip lining. 

Read student blogs from prior courses: Smith's Global Blogs from Nicaragua

Smith Business Magazine Article: Microfinance in Action
A laptop, several mannequins and the know-how of 11 visiting Smith School students were all it took to help Roxana, a small entrepreneur in Nicaragua, expand her in-home clothing business. The students accomplished this feat on their study abroad course to Nicaragua in January 2012, helping Roxana and several other local entrepreneurs get a financial leg up. Read more

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. 

THE COURSE PROGRAM FEE: $2,350 includes UMD tuition for 3 credits; lodging in shared accomodations; almost every meal; transportation in and around Managua for scheduled activities including transport to/from Managua airport; on-site support and orientation; costs for any mandatory academic and cultural excursions and/or activities; professor and partner fees; pre-departure meetings and excursions; UM Education Abroad services; International health insurance. 

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

PAYMENT FOR APPLICATION & PROGRAM FEE is divided into three separate charges that 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 program fee 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.

Smith MBAs Consult in Israel, Palestine, and Jordan

Through a highly competitive application process, the Office of Global Initiatives, the Center for International Business Education and Research (CIBER) and the Center for Social Value Creation, collaboratively selected three Smith MBA students, Patrick Gallice, Carlos Cedeno, and Hirokazu Masuoka, to join a consulting team that traveled to the Middle East over Spring Break, 2015.

South Africa

BMGT498I: Social Entrepreneurship and Innovation in the Contemporary South African Context

Info Sessions Thursday, September 10, 2015 - 1-2 p.m. in 1326 VMH 
Friday, September 11, 2015 - 2:30-3:30 p.m. in 1520 VMH 
Program Dates January 3 – January 17, 2016 
Depart the US on Sunday, January 3. 
First paid hotel night in Cape Town is Monday, January 4. Last paid hotel night is Saturday, January 16th.
Depart for the US on Sunday, January 17. 
Destinations Cape Town, South Africa
Faculty Associate Dean Victor Mullins, PhD & Jeanette Snider, MA
Program Fee $2,500
Scholarships $500 Smith School Scholarships available for 1st time study abroad experience. Please visit the financing study abroad page for information.
Application Application deadline is October 1, 2015.
APPLY NOW AT: globalmaryland.umd.edu/offices/education-abroad/program/11145.
Note: Admission of students with complete applications is on a competitive basis but rolling admission and application review will take place prior to the "last day to apply" date. Admissions notifications will be sent on or after the decision date.

"The Smith trip to South Africa has changed my life, not in one way, but every way possible. I now consider myself an agent of change. I have a deeper understanding of other people due to the course being a place of engagement and play rather than note-taking. And I am also more aware of who I am as a person and how to bring my FULL self to the table. These are rare life lessons, and this is a once in a lifetime opportunity that must be experienced." - Chris Lane 

The time in Cape Town will inspire students’ academically, professionally and personally by immersing them in the field of social innovation.    The course includes visits to locally owned companies such as BPeSA, and government agencies that support Cape Town’s growing venture activity.  Also included are thought-provoking tours of Robben Island, a UNESCO World Heritage site and the former maximum-security prison where the late Nelson Mandela was imprisoned for 18 years.  At the District Six Museum, students will learn the sobering history of apartheid and, in Langa Township, residents will share their stories of rising above their history to improve their livelihoods and local infrastructure for themselves and their fellow countrymen.

Understanding of the unique South African story so that students can fully engage in the world of designing creative, sustainable processes towards social change will be promoted by engaging with students currently enrolled in the University of Cape Town’s Centre for Innovation and Entrepreneurship.  Students will be challenged to design creative, sustainable processes towards social change using multiple learning strategies. 

By the end of the course, students will be able to articulate their own definition and approach to social entrepreneurship and innovation and will have begun to develop the concepts, mind-sets, skills, and relationships that will result in becoming effective life-long social innovators. 

"The resilience, optimism, and beauty of the people matched with the breathtaking scenery definitely made this an experience that I not only will never forget but also one that changed my view on humanity, business, and social responsibility forever."  - Foluke Tuakli

What else do you need to know?

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. 

Doing Business in Brazil: Growth Opportunities in an Emerging Market

Faculty Paulo Prochno
Destination Sao Paulo and Rio de Janeiro
Eligibility Open to 2nd and 3rd year full-time and part-time MBA studentsNo application required to register for AY 15-16
Estimated costs

Fall 2015: 1 credit of tuition + Program FeeProgram fee covers shared accommodation, in-country ground transportation, some group meals, business visits, applied learning component, and cultural activities for the abroad portion of the program.

Program Fee pending. Will be posted on Networth.Spring 2016: 3 credits of tuition + Education Abroad Fee ($250) + Mandatory International Health Insurance Fee ($39, estimated)

*Not included: international airfare, airfare between Sao Paulo and Rio de Janeiro, visa processing if applicable, most meals, personal expenses.

Registration instructions See Networth
Add/drop deadlines October 2; students must email Office of Global Initiatives by to avoid late withdrawal fees.
Credit structure 1 credit earned during Fall semester + 3 credits earned during Spring semester.  Total credits earned = 4 credits.
Dates on campus Tentative: October 4th and December 6th 2015 and March 6th, and April 3rd 2016@ Smith School, College Park campus  
Dates abroad March 12th to March 19th
Info session TBA
Questions? Contact the Office of Global Initiatives, ogi@rhsmith.umd.edu

Emerging markets have become one of the main drivers for global growth in the past few years. After two decades (1980’s and 1990’s) of economic turbulence, Brazil seems to be in the right path for sustained growth. This course will bring a comprehensive view of the challenges and opportunities related to doing business in and from Brazil. We will focus both on multinational companies operating in the country and local companies that are on different stages of their globalization process. The course comprises lectures and company visits, as well as a consulting project for one local company. Through direct contact with executives and academics working in the country, students will be able to get a hands-on knowledge about the country and expand their business network.

Applied learning component

Project for a start-up company in the creative industries segment – in collaboration with Rio Criativo, an incubator sponsored by the Government of Rio de Janeiro.

Skills and knowledge gained

Throughout this course students will

  1. Understand the major growth areas and opportunities in Brazil.
  2. Understand the cultural and institutional differences between Brazil and the US.
  3. Learn about the macro and micro economic factors behind Brazil’s growth.
  4. Apply marketing, finance, strategy, and accounting concepts to help a start-up company develop/implement their business model.
  5. Gain knowledge of Brazil’s business environment and how to succeed in that environment.

Doing Business in Japan and Korea: Economic Powers of North East Asia

Faculty Professor Martin Dresner and Professor Koki Nagata
Destination Seoul and Tokyo
Eligibility Open to 2nd and 3rd year full-time and part-time MBA studentsNo application required to register for AY 2015-16
Estimated costs

Fall 2015: 1 credit of tuition + Program FeeProgram fee covers shared accommodation, in-country ground transportation, some group meals, business visits, applied learning component, and cultural activities for the abroad portion of the program.

Program Fee pending. Will be posted on Networth. Spring 2016: 3 credits of tuition + Education Abroad Fee ($250) + Mandatory International Health Insurance Fee ($39, estimated)

*Not included: international airfare, airfare between Seoul and Tokyo, visa processing if applicable, most meals, personal expenses.

Registration instructions See Networth
Add/drop deadlines October 2; students must email Office of Global Initiatives by to avoid late withdrawal fees.
Credit structure 1 credit earned during Fall semester + 3 credits earned during Spring semester.  Total credits earned = 4 credits.
Dates on campus Tentative: October 4 and November 1, 2015 and February 7 and February 21, 2016 at the Smith School, College Park campus
Dates abroad January 5-13, 2016
Info session TBA
Questions? Contact the Office of Global Initiatives, ogi@rhsmith.umd.edu

Along with China, Japan and South Korea are the two key economies of North East Asia.  The visit will concentrate in the capitals of the two countries, Seoul and Tokyo. Proposed visits will be to manufacturing, distribution, retail and technology companies. Emphasis will be on the way business is organized in the two countries and on how firms participate in global supply chains. Students will see how the history, the present, and the future are shaping both countries, given the conflicts of the past, the political calculus of the present, and the aging population of the future.

Applied learning component

Prior to the study abroad, students will become acquainted with the economies and business practices of Japan and Korea through case studies and video presentations. During the study abroad, visits will be conducted to firms and organizations representing key sectors of the economies of Korea and Japan.  Emphasis will be on learning about the supply chains of the two economies and how business is organized. Students will see the impact of politics and culture through visits to places such as the demilitarized zone (DMZ) in Korea and significant temples in Japan.  Students will be assigned field case studies to undertake in both Seoul and Tokyo in order to further their understanding of business practices, with presentations made on the results following the conclusion of the study abroad.

Skills and knowledge gained

Upon completion of this course students will:

  1. Learn about important business practices in Korea and Japan.
  2. Understand how political, social, economic and cultural factors impact business and the economy in the two countries
  3. See how businesses in the two countries fit into the global supply chain
  4. Gain knowledge of the importance of these two countries in the world economy

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