Global Initiatives

Doing Business in Brazil

Brazil

BUSI788B/BUSI798B

Course closed for 2015. 2016 global business courses will be announced in Spring 2015.

This global business course is only open to 2nd and 3rd year MBA students.

Doing Business in Brazil: Emerging Multinational Companies

For the Academic Year 2014-15, the BUSI798 series will be four credits total (1 credit in the fall, 3 in the spring) starting with the one credit fall BUSI788 course.

Students in the fall BUSI788 one-credit course will automatically be registered for the spring BUSI798 module.

Cities

Sao Paulo & Rio de Janeiro

Faculty

Dr. Paulo Prochno

Important Dates

Course dates:

  • Oct 19, VMH 1505, 12-7 p.m.
  • Nov 16, VMH 1505, 12-7 p.m.
  • Mar 1, VMH 1505, 12-7 p.m.
  • April 19, VMH 1505, 12-7 p.m.

Depart March 13, 2015 (arrive in Brazil on the 14th); Return March 21, 2015 from Brazil

Program Fee and Dean's Global Scholarship

The $2,250 program fee covers shared hotel room, some meals, cost of any scheduled cultural activities, professor and partner costs. Not included: international airfare, personal expenses, and most meals.

The $1,000 Dean's Global Scholarship is available to eligible full-time and part-time MBA students who are participating on a UMD program abroad in 2014-15. Only students who have not studied abroad previously on a UMD program are eligible for this $1,000 scholarship. There is no application form required for the scholarship. Instead, it will be automatically applied to your student account after our office has verified in our records that this your first time studying abroad with UMD.

Additional Costs

There is an additional $250 to the Education Abroad Office as well as a $23 fee for the mandatory insurance. A visa is required for US citizens, and costs around $130. Students of other nationalities should check the consular office for visa information and requirements. Your passport must be valid for 6 months after your return date, and you should have 2 blank visa pages available.

Registration

Register on Testudo for fall BUSI788B section BA01 at the same time as your other fall courses. You will automatically be registered for the other module(s).

Emerging markets have become one of the main drivers for global growth in the past few years. After two decades of economic turbulence (1980's and 1990's), Brazil certainly seems to be on 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 Brazil and local companies at different stages of globalization.

The course comprises lectures, company visits, cultural activities and an opportunity to work directly with a company on a critical issue. Through direct contact with executives and academics working in the country, students will obtain hands-on knowledge of Brazil and expand their business network.

We will:

  • Look at the main challenges and opportunities that global companies face in Brazil
  • Expose students to emerging global companies with rapid growth and high potential
  • Interact with local companies looking to expand abroad
  • As Brazil hosted the soccer World Cup in summer 2014 and will host the Olympics in2016, we will also take some time to learn about the business and cultural implications associated with these events.

Notes:

  • The in-country flight is not included in the program fee.
  • UMD's regular withdrawal and refund schedule applies for the one-credit BUSI788B course. Students dropping the course series after October 15 (when we make financial commitments abroad) will be charged the program fee equivalent.
  • Do not purchase airfare until course is confirmed. Students are advised by UMD Education Abroad to purchase refundable airline tickets.
  • Students are responsible for obtaining and paying for their own visa and/or entry fee.
  • The time abroad IS the class and any instances of: being late and therefore delaying the group, noise in hotel hallways, damage to hotel rooms, hung-over behavior, sleeping during meetings or public displays of affection will be frowned upon as it would for any business traveler on meetings or conferences abroad. You are expected to incorporate professionalism while abroad, and professionalism is part of your total grade. It is our intent to develop world citizens and savvy business travelers, and the courses abroad should be undertaken as serious academic endeavors.
  • Students are welcome and encouraged to participate in more than one BUSI788/798 abroad during your time at Smith; up to two course series can apply towards the MBA degree.

Singapore and Japan: Asia's Business Hubs

Singapore

BUSI788Y/BUSI798Y

Course closed for 2015. 2016 global business courses will be announced in Spring 2015.

This global business course is only open to 2nd and 3rd year MBA students.

Singapore and Japan: Asia's Business Hubs

For the Academic Year 2014-15, the BUSI798 series will be four credits total (1 credit in the fall, 3 in the spring) starting with the one credit fall BUSI788 course.

Students in the fall BUSI788 one-credit course will automatically be registered for the spring BUSI798 module.

Cities

Singapore and Tokyo

Faculty

Martin Dresner and Koki Nagata, Adjunct Professor, LBPP

Important Dates

Course dates:

  • Oct 26, VMH 1330, 12-7 p.m.
  • Dec 7, VMH 1330, 12-7 p.m.
  • Feb 8, VMH 1330, 12-7 p.m.
  • Feb 22, VMH 1330, 12-7 p.m.

Depart January 5 (arrive in Singapore the 6th); Return January 14 from Japan (arrive in US the 14th).

Program Fee and Dean's Global Scholarship

The $2,250 program fee covers shared hotel room, some meals, cost of any scheduled cultural activities, professor and partner costs. Not included: international airfare, personal expenses, and most meals. The $1,000 Dean's Global Scholarship is available to eligible full-time and part-time MBA students who are participating on a UMD program abroad in 2014-15. Only students who have not studied abroad previously on a UMD program are eligible for this $1,000 scholarship. There is no application form required for the scholarship. Instead, it will be automatically applied to your student account after our office has verified in our records that this your first time studying abroad with UMD.

Additional Costs

There is an additional $250 to the Education Abroad Office as well as a $39 fee for the mandatory insurance. No visa is required for U.S. citizens. Students of other nationalities should check the consular office for visa information and requirements. 

Registration

Register on Testudo for fall BUSI788Y section BA01 at the same time as your other fall courses. You will automatically be registered for the other module(s).

Asia has been the fastest growing area of the world for the past several decades, and two of the key economies are those of Singapore and Japan. Singapore has become a global logistics hub with one of the busiest seaports in the world, and Japan has become the third largest economy in the world and is a leader in engineering and manufacturing, famous for its just-in-time system of inventory control, procurement, and manufacturing. Singapore depends on trade for its strong economy, while Japan depends on manufacturing and the requisite engineering and research and development for its wealth. This course series will examine the similarities, strengths and potential trouble spots of these two economies. We intend to visit several logistics facilities in Singapore, and in Japan the group will go to some of the manufacturing plants that have contributed to the country’s growth. In addition, due to Japan’s unique distribution system, we will likely visit key retail and distribution operations in order to better understand that business environment.

Learning Outcomes:

  1. Develop an understanding of the business practices that have contributed to the success of both Singapore and Japan.
  2. Gain an understanding of how an economy copes with recession and falling prices over an extended period.
  3. Understand how Asian economies compete within the region.
  4. Understand how business practices must be put into place to sustain export-oriented economies.
  5. Learn about the rich cultural heritage of Singapore and Japan that underlies many of their business practices.

Notes:

  • UMD's regular withdrawal and refund schedule applies for the one-credit BUSI788Y course. Students dropping the course series after October 15 (when we make financial commitments abroad) will be charged the program fee equivalent.
  • Do not purchase airfare until course is confirmed. Students are advised by UMD Education Abroad to purchase refundable airline tickets.
  • Students are responsible for obtaining and paying for their own visa and/or entry fee.
  • The time abroad IS the class and any instances of: being late and therefore delaying the group, noise in hotel hallways, damage to hotel rooms, hung-over behavior, sleeping during meetings or public displays of affection will be frowned upon as it would for any business traveler on meetings or conferences abroad. You are expected to incorporate professionalism while abroad, and professionalism is part of your total grade. It is our intent to develop world citizens and savvy business travelers, and the courses abroad should be undertaken as serious academic endeavors.
  • Students are welcome and encouraged to participate in more than one BUSI788/798 abroad during your time at Smith; up to two course series can apply towards the MBA degree.

Mega-Project Management in the Middle East

United Arab Emirates Collage

BUSI788M/BUSI798M

Course closed for 2015. 2016 global business courses will be announced in Spring 2015.

This global business course is only open to 2nd and 3rd year MBA students.

Mega-Project Management in the Middle East

For the Academic Year 2014-15, the BUSI798 series will be four credits total (1 credit in the fall, 3 in the spring) starting with the one credit fall BUSI788 course.

Students in the fall BUSI788 one-credit course will automatically be registered for the spring BUSI798 module.

Cities

Dubai and Abu Dhabi, United Arab Emirates

Faculty

Dr. Hassan Ibrahim

Important Dates

Course dates:

  • Nov 9, VMH 1520, 12-7 p.m.
  • Dec 7, VMH 1511, 12-7 p.m.
  • Feb 8, VMH 1511, 12-7 p.m.
  • Feb 22, VMH 1511, 12-7 p.m.

Depart January 1 (arrive in UAE the 2nd); Return January 10 (arrive in US the 10th).

Program Fee and Dean's Global Scholarship

The $2,250 program fee covers shared hotel room, some meals, cost of any scheduled cultural activities, professor and partner costs. Not included: international airfare, personal expenses, and most meals.

The $1,000 Dean's Global Scholarship is available to eligible full-time and part-time MBA students who are participating on a UMD program abroad in 2014-15. Only students who have not studied abroad previously on a UMD program are eligible for this $1,000 scholarship. There is no application form required for the scholarship. Instead, it will be automatically applied to your student account after our office has verified in our records that this your first time studying abroad with UMD.

Additional Costs

There is an additional $250 to the Education Abroad Office as well as a $39 fee for the mandatory insurance. No visa is required for U.S. citizens. Students of other nationalities should check the consular office for visa information and requirements. 

Registration Register on Testudo for fall BUSI788M section BA01 at the same time as your other fall courses. You will automatically be registered for the other module(s).

The history of the Middle East dates back to thousands of years, and throughout its history the region has been a major center of world affairs and business. In modern times, the Middle East remains a strategic region for world business and a critical player in international relations. The course aims to provide students with a good understanding of doing business in the Middle East, using the United Arab Emirates (UAE) as a working lab.

While significant stocks of oil give the region economic power, several countries have diversified their economies into services, including banking, finance, trade, and transportation and logistics. UAE has a highly developed economy but has suffered, perhaps disproportionately, as the six year boom came to an abrupt halt in the 2008/9 world economy. The course will provide a window into how a country copes with change, and the opportunities, and challenges in the Arab world at a time when such understanding is increasingly vital. In addition to providing a general understanding of doing business in the Middle East, the course will focus on management of projects of major size with potential visits such as: Dubai International Finance Center, Dubai Ports World, Burj Khalifa (the world tallest building), The Palm Islands, Abu Dhabi Investments Authority (Abu Dhabi sovereign fund), Tourism Development & Investment Company, Etihad Rail, Masdar Institute/City, and Advanced Technology Investment Company.

Notes:

  • In-country transportation to Abu Dhabi is included in program fee.
  • UMD's regular withdrawal and refund schedule applies for the one-credit BUSI788. Students dropping the course series after October 15 (when we make financial commitments abroad) will be charged the program fee equivalent.
  • Do not purchase airfare until course is confirmed. Students are advised by UMD Education Abroad to purchase refundable airline tickets.
  • Students are responsible for obtaining and paying for their own visa and/or entry fee where applicable.
  • The time abroad IS the class and any instances of: being late and therefore delaying the group, noise in hotel hallways, damage to hotel rooms, hung-over behavior, sleeping during meetings or public displays of affection will be frowned upon as it would for any business traveler on meetings or conferences abroad. You are expected to incorporate professionalism while abroad, and professionalism is part of your total grade. It is our intent to develop world citizens and savvy business travelers, and the courses abroad should be undertaken as serious academic endeavors.
  • Students are welcome and encouraged to participate in more than one BUSI788/798 abroad during your time at Smith; up to two course series can apply towards the MBA degree.

Managing Across Borders

Classroom

Term

Fall 2013; 3 credit course

Faculty

Dr. Hui Liao and Dr. Bennet Zelner

The course “Managing Across Borders” provides foundational knowledge and tools to recognize, assess, and manage the micro- and macro-organizational influences shaping national business environments. The class will examine the challenges of leading and coordinating with individuals from culturally diverse settings, as well as the broader challenges that cross-national differences in the social, political, and economic institutions pose for firms and managers. The macro analysis and component would provide students with the knowledge and skills necessary to properly interpret and assess the formal (political, regulatory, and legal structures) and informal institutions (shared values, beliefs, and norms) governing a country’s business environment.

This course is highly recommended for participants in the BUSI788/798 modules abroad for the Smith Experience.

Specific learning objectives include the following:

  • Learn to identify the salient features of a country’s social, political, and economic institutions.
  • Understand the importance of acquiring a “social license to operate” from various stakeholder groups in addition to the formal rights and permissions acquired from government.
  • Recognize the pros and cons of adapting business models and strategies to host-country institutional contexts
  • Acquire tools for designing and implementing business strategies to address the institutional idiosyncrasies of different country settings.
  • Understand the role of multilateral institutions (e.g., the World Bank and the WTO) as the IFC and WTO as well as the frictions these are sometimes perceived to create in emerging markets.
  • Know why and how individuals from different cultures react differently to similar managerial practices and work systems.
  • Gain insight into cross-cultural differences that affect leadership and interpersonal interactions such as communication, negotiation, conflict resolution and teamwork, and enhance cultural intelligence.
  • Learn to effectively design, implement, and manage multinational/global teams.
  • Know the factors contributing to effective expatriate adaptation and performance.
  • Understand when and why human capital management systems (e.g., selection, training, performance management, and types of incentives) remain effective across culturally diverse settings, and when they do not.
  • Become familiar with the institutional attributes of specific emerging markets, and with the cultural characteristics of specific emerging markets, including the country selected for the Smith Experience class during the subsequent winter break.

Doing Business in Germany and Italy: European Entrepreneurship

Doing Business in Germany and Italy: European Entrepreneurship (3 Credits)

Program Dates

TBD. Approximately 10 days in late May 2015, just after graduation.

Destinations

Berlin, Germany and Milan, Italy with side trips from both locations.

Faculty

Oliver Schlake

Program Fee

Approximately $2,950

Scholarships

Scholarships will be available.

Application

APPLICATIONS ARE NOT YET OPEN.  EXPECTED TO BE AVAILABLE ONLINE BY END-OCTOBER WITH FEBRUARY 1ST DEADLINE. 
NOTE: Admission of students with complete applications is on a competitive basis and application review will take place during the one week period following the "last day to apply" date. Admissions notifications will be sent on or after the decision date.

THE INFORMATION BELOW IS FOR INFORMATIONAL PURPOSES ONLY.  IT DESCRIBES LAST MAY’S COURSE TO EUROPE.  THE 2015 COURSE WILL BE SIMILAR TO THIS BECAUSE PROFESSOR SCHLAKE WILL AGAIN LEAD THIS HIGHLY SOUGHT-AFTER GLOBAL OPPORTUNITY IN 2015.

This course will give a real-life insight in the entrepreneurial and business culture of Germany and Italy. Students will have the opportunity to experience two distinctively different European cultures on this course.

In Milan we will visit a range of companies and start-ups as well as explore the city’s rich culture and architecture. Munich, the capital of the state of Bavaria, is of course known for Oktoberfest, which attracts people from around the globe. But Munich is also the entrepreneurial hotbed of Germany. We have visits planned to the BMW production facility and we will meet with German entrepreneurship students of the Technical University of Munich for an interactive workshop, Last year’s session was considered by most students the highlight of the course. As part of the business visits we have scheduled time at the Bavarian Economic Development agency to explore how US companies do business in Germany. Among others, Microsoft chose Munich as its European headquarters.

Of course, we will have time to explore Munich and the beautiful Alps in the south. There is an option to visit the world-famous castle of Neuschwanstein, the inspiration for Walt Disney’s Cinderella Castle. The time in Munich will end with a farewell dinner at the Hofbraeuhaus, the most traditional German meeting place.

Dr. Schlake grew up in Germany, so there will be many opportunities for true insider tips on what to do while in Munich – including recommendations for delicious German cuisine.

What else do you need to know?

EXACT PROGRAM DATES TBD. Once accepted, 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.

COURSE PROGRAM FEE (Approximately $2,950) includes UMD tuition for 3 credits; lodging in a shared hotel room; on-site support and orientation; costs for any mandatory academic and cultural excursions and/or activities; some group meals; professor and partner fees; UM Education Abroad services; International health insurance, including medical evacuation and repatriation of remains coverage.

Not included: personal expenses, most 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 OF THE PUBLISHED 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 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's 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.

UAE Global Immersion Experience

BMGT469D/CPSP379B/HONR349V: UAE Global Immersion Experience (3 Credits)

Program Dates

Spring Break 2014

Destinations

Abu Dhabi & Dubai

Faculty

Dr. Mark Wellman

Program Fee

Likely to be $2195

Application

Complete Online Application
NOTE: Admission of students with complete applications is on a competitive basis and application review will take place during the one week period following the "last day to apply" date. Admissions notifications will be sent on or after the decision date.
NOTE 2: PRIORITY APPLICATION DEADLINE FOR THIS COURSE IS JULY 1, 2013. Applications that are complete by that date will be reviewed early, and notifications will be sent on or after July 8.

The modernization of Abu Dhabi and Dubai are stunning to see. Dubai is one of the most dynamic business environments in the world and Abu Dhabi is raising its international profile.

The UAE is the most competitive economy in the Arab World, which is a status it has achieved by diversifying its economy and entering new business sectors such as a finance, transportation/logistics, clean air technology, cultural tourism and real estate.

Students participating in the UAE course will gain first-hand knowledge of the UAE's transformation from a tribal culture to a growing economic superpower and an important player in international affairs. Those visiting Dubai and Abu Dhabi will experience a diverse region of the world, exposing them to a plethora of issues that involve business, culture, religion, economy, and society.

A more recent course included meeting visiting Emirates Airlines, Nakheel, DP World, Dubal, Ten Sports, Nasdaq Dubai, Dubai International Finance Center, Abu Dhabi Chamber of Commerce, and Northrop Grumman. Past UAE courses have also visited Abu Dhabi Investment Authority, the world's largest sovereign wealth fund; touring Masdar, Abu Dhabi’s multi-billion dollar investment to create the world’s first zero-carbon, zero-waste, car-free city that will set the global blueprint for sustainable development; and gaining entry to the Burj Khalifa, the world's tallest building.

Read more about this course | 2010 Course summary

What else do you need to know?

EXACT PROGRAM DATES will be determined (if not already set) after the course is confirmed by the Office of Global Initiatives. Once accepted, 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 includes UMD tuition for 3 credits; lodging in a shared hotel room; on-site support and orientation; costs for any mandatory academic and cultural excursions and/or activities; some group meals; professor and partner fees; UM Education Abroad services; International health insurance, including medical evacuation and repatriation of remains coverage.

Not included: personal expenses, most 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 OF THE PUBLISHED 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 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's 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.

Microfinance Consulting

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

APPLICATION DEADLINE EXTENDED TO OCTOBER 11, 2014

Program Dates

March 13-22, 2015 (During Spring Break)
Mandatory Pre-Departure Meetings will be held from 1-3 pm on Nov. 14, Feb. 20 and Mar. 6 

Destinations

Managua, Granada, and surrounding areas, Nicaragua

Faculty

Karen Hallows

Program Fee

$2,650 | Scholarships available

Application

Complete Online Application
NOTE: Admission of students with complete applications is on a competitive basis and application review will take place during the one week period following the "last day to apply" date. Admissions notifications will be sent on or after the decision date. APPLICATION & SCHOLARSHIP DEADLINE IS OCTOBER 1.

Syllabus

Sample syllabus | 2014 Itinerary

READ BLOG & SEE PICTURES FROM A STUDENT ON LAST YEAR’S COURSE.

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.

NicaraguaJoin “Microfinance Consulting – Nicaragua” during Spring Break 2015 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.

1) CONSULT FOR A MICROFINANCE ORGANIZATION: In last year’s course, student teams provided consulting for Opportunity International (a micro lending organization) to develop a generic business plan and market assessment tools. Student teams this year will expand and continue consulting services to other microfinance organizations.

2) CONSULT WITH LOCAL ENTREPRENEURS: Students will extend and continue consulting services to new local entrepreneurs. Last year’s teams worked with local entrepreneurs to develop business plans and revise business, strategies and reorganize their business structures.

3) EXPLORE NICARAGUAN CULTURE: During the Winter Term Break in 2012 students visited an active volcano, art galleries, artisan shops, a chocolate factory, enjoyed the local cuisine, folklore dancing and music, as well as surfing, swimming and zip lining.

Here’s what some students said about the 2012 course to the Nicaragua

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. Details for an optional group flight from Dulles International Airport to Managua will be made available asap.  Each student will, however, be responsible for payment in full of their own flight. 

THE COURSE PROGRAM FEE ($2,650) includes UMD tuition for 3 credits; lodging in a shared accomodations; transportation in and around Managua for scheduled activities; on-site support and orientation; costs for any mandatory academic and cultural excursions and/or activities; most group meals; 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: 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's 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.

Entrepreneurship, Financial Markets, and Corporate Finance in a Global Environment

BMGT 4480: Entrepreneurship, Financial Markets, and Corporate Finance in a Global Environment (3 Credits)

APPLICATION DEADLINE EXTENDED TO OCTOBER 11, 2014

Program Dates

PLEASE NOTE NEW DATES: January 1 -11, 2015.
First paid hotel night in Hong Kong is Friday, January 2. Last paid hotel night in Guangzhou is Saturday, January 10.

Destinations

Guanghua, China and Hong Kong

Faculty

Gurdip Bakshi and Xiaohui Gao

Program Fee

$2,750 (program fee reduced from originally posted)  |  Scholarships available!

Application

Complete Online Application
NOTE: Admission of students with complete applications is on a competitive basis and application review will take place during the one week period following the "last day to apply" date. Admissions notifications will be sent on or after the decision date.

Over the last two decades, China has reinvented itself economically, politically, and socially. The effects of opening up to the outside world have been dramatic for both China and the world. Although the Communist Party still rules, there has been a shift from production to consumption and an increasing emphasis on personal autonomy rather than reliance on the state. This course offers a basic understanding of modern China, including socioeconomic, political, and business and management perspectives. One may view the course as the starting point for anyone interested in doing business in or with China. The class will study best practices in entrepreneurship, financial markets, and corporate finance.

The course will begin in bustling Hong Kong, also known as “Asia’s World City,” where students will have several business visits and meet and engage with students from the City University of Hong Kong.   Next, after a one-hour ride via jetfoil, students will explore Macau, the ‘Vegas of the East.’ It is a former-Portuguese colony that now provides a study in how businesses learn to adapt, promote and diversify to satisfy the thousands of daily tourists.  Then it is on to Guangzhou via high-speed train to participate in more business site visits and cultural activities.

In just nine days, students will become sophisticated travelers, gain familiarity with Chinese business practices, understand global business trends, and meet managers, bankers, entrepreneurs, and business owners who will teach them first-hand about the nuances of doing business in China.  

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. A suggested itinerary will be made available but each student is  responsible for the booking and payment in full of their own flight.  

THE COURSE PROGRAM FEE ($2,950) includes UMD tuition for 3 credits; lodging in shared accommodations; transportation in, around and between Hong Kong, Macao and Guangzhou for scheduled activities; on-site support and orientation; costs for any mandatory academic and cultural excursions and/or activities; most group meals; 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: 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 OF THE PUBLISHED 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 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's 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.

Special Topics in Accounting

BMGT 428D: Special Topics in Accounting:
England, Italy, NYC, and DC: Accounting’s Future, Present, and Past (3 Credits)

Program Dates

January 5-22, 2014

Destinations

New York, London, Tuscany region in Italy, Washington DC

Faculty

Jim McKinney

Program Fee

$3,750  (Includes 16 nights lodging, flight from London to Florence, Education Abroad Fee, plus more). SCHOLARSHIPS AVAILABLE.

Application

Complete Online Application
NOTE: Admission of students with complete applications is on a competitive basis and application review will take place during the one week period following the "last day to apply" date. Admissions notifications will be sent on or after the decision date.

APPLICATION & $500 PROVOST SCHOLARSHIP DEADLINES EXTENDED TO OCTOBER 15, 2013.

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.

Structure of the Course

Accounting related site visits in New York City

Dates: Travel from DC to NYC (Sunday, 1/5/2014). Site visits (Monday thru Thursday 1/6/2014-1/9/2014). Travel to and from NYC will be student arranged. Exact travel dates may vary slightly.

Site visits: US Headquarters of Deloitte, EY, KPMG, and PwC; American Institute of Certified Public Accountants; Financial Accounting Foundation and Financial Accounting Standards Board; International Auditing and Assurance Standards Board and International Federation of Accountants; and NYSE Euronext

Accounting related site visits in London, UK

Dates: Travel from NYC to London (Friday thru Saturday 1/10/2014-1/11/2014). Site visits (Monday thru Wednesday 1/13/2014-1/15/2014)

Site visits: IFRS Foundation and International Accounting Standards Board; Institute of Charted Accountants of England and Wales; London Stock Exchange; Global Headquarters of PwC and EY

Accounting related site visits in the Tuscany region of Italy

Dates: Travel from London to Florence (Friday 1/17/2014). Site visits (Monday thru Tuesday 1/20/2104-1/21/2014) Travel from Florence to the DC (or optionally NYC) area (1/22/2014)

Site visits: Birthplace and of Luca Pacioli (Sansepolcro) considered the father of double-entry bookkeeping

After start of Spring 2014 Term

Accounting related site visits in Washington DC

Timing: Afternoons on first three Fridays of the regular Spring term (i.e., Friday, January 30, 2014, Friday, February 7, 2014, and Friday, February 14, 2014)

Site visits: U.S. Securities and Exchange Commission, U.S. Public Company Accounting Oversight Board, Center for Audit Quality, U.S. Government Accountability Office

Credit and grades will be awarded after the completion of these last three days of site visits as well as previously completed work.

What else do you need to know?

EXACT PROGRAM DATES will be determined (if not already set) after the course is confirmed by the Office of Global Initiatives. Once accepted, 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 includes UMD tuition for 3 credits; lodging in a shared hotel room; on-site support and orientation; costs for any mandatory academic and cultural excursions and/or activities; some group meals; professor and partner fees; UM Education Abroad services; International health insurance, including medical evacuation and repatriation of remains coverage.

Not included: personal expenses, most 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 OF THE PUBLISHED 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 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's 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 Africa

Doing Business in Africa: The Social Entrepreneurship Ecosystem of Ghana (3 Credits)

COURSE CANCELLED DUE TO LOW APPLICATION NUMBERS

Program Dates January 4, 2014 – January 12, 2014.  First paid hotel night in Accra is Saturday, January 4th.  Last scheduled course activity is Sunday, January 12th.
Destinations Accra and Kumasi, Ghana
Program Lead Bryan Stroube.  Offered in coordination with the Center for Social Value Creation.
Program Fee $3000. SCHOLARSHIPS AVAILABLE.

Ghana

This course will provide an immersive exploration of social entrepreneurship and business in Ghana, from small microenterprises to large corporations. It will investigate how connections between actors in different spheres of society can both promote and hinder economic and social value creation. Along the way, students will develop tools for observing and analyzing economic behavior in unfamiliar markets.

Ghana has evolved into a solid economy with a fertile environment for social entrepreneurs. Accra and the surrounding areas are booming with entrepreneurial life. The course will explore the role and impact of social entrepreneurship in shaping development and investment in both urban and rural settings. Students will spend time in Accra, Kumasi, and a village in the Ashanti region. Students will shadow micro-entrepreneurs for a few days and live in home stays (two students per home stay). After gaining a better sense of the culture, challenges, and opportunities surrounding their Ghanaian colleagues, everyone will participate in a joint workshop. Students will then travel back to Accra to round out business visits and build an understanding of the broader entrepreneurial ecosystem. A factory visit is possible. From CSR activities in large corporations to localized initiatives geared toward local economic growth, the course will cover multiple facets of social value creation in business across this great and unique country.

Through a programmatic partnership with the Robert H. Smith Center for Social Value Creation and ThinkImpact, participants will be able to explore the country of Ghana and the field of social entrepreneurship through a lens of empathy, opportunity, and action. Through ThinkImpact’s in-country partnerships, participants will build relationships with Ghanaians, from micro-entrepreneurs to CEOs, and deepen their understanding of culture and markets in economic development.

GhanaThe course will help students to:

  • Develop a generalized framework for thinking about when, where, and why entrepreneurship occurs
  • Develop practical tools and skills for the observation and analysis of unfamiliar economic behavior and market structures
  • Understand contemporary debates in economic development (e.g., the involvement of China in Africa)
  • Understand the basics of impact evaluations, and what is required to establish “proof” that a program, policy, or strategy works on the ground

What else do you need to know?

EXACT PROGRAM DATES will be determined (if not already set) after the course is confirmed by the Office of Global Initiatives. Once accepted, 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 includes UMD tuition for 3 credits; lodging in a shared hotel room; on-site support and orientation; costs for any mandatory academic and cultural excursions and/or activities; some group meals; professor and partner fees; UM Education Abroad services; International health insurance, including medical evacuation and repatriation of remains coverage.

Not included: personal expenses, most 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 OF THE PUBLISHED 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 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's 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.

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