M.A. in International Business

A twelve-month, residential master's program for students interested in fully leveraging a global perspective in their professional life. 

Today’s business graduates require unique skills and knowledge to compete in the increasingly complex and demanding global marketplace. The Saint Mary’s University of Minnesota Master of Arts in International Business program prepares graduates to analyze and adapt to the diverse and dynamic business environment. It features a student base that is comprised of both U.S. and international students—a unique blend that inspires engaging conversations and opens students' minds to new perspectives. 

This twelve-month cohort residential program at Saint Mary’s Winona Campus equips students with more essential skills than traditional business programs in a curriculum that is both innovative and challenging. Anyone is welcome to apply for this program, regardless of their undergraduate degree. 

 Key Aspects of the M.A. in International Business Program

  • Knowledge and deep insight into the dynamic discipline of international business
  • Special emphasis on the development of “soft skills,” awareness of the influences and implications of globalization, as well as cross-cultural communication
  • Development of professional attitudes, a global mindset and practical international business training via a two-week international field study in Europe or Asia
  • A culturally diverse student body, which includes insight into different cultural thought processes and widely varying business practices
  • Small class sizes, allowing for extensive student participation and faculty involvement
  • Curricular practical training options
     

De La Salle Language Institute

Qualifying students may enroll in Saint Mary's De La Salle Language Institute—an intensive program for students from non-English speaking countries. Through the program, students learn to master the English language while studying at Saint Mary's.

Extra Support for International Students

Students who enroll in the M.A. in International Business program can seek out additional support from the International Center. From rides to the airport to special social outings, the International Center staff want to support you in your education.

Tuition and Fees

Because of the residential, accelerated nature of this program, the traditional tuition and fee structure does not apply. Students can expect to invest roughly $28,000 in this one-year master's program.

From Start to Finish

  • You can earn your M.A. in International Business in just one year.
  • Cohorts start every fall. Apply today.
     

Locations

This program is offered at our Winona location.

Degree Requirements

Degree Requirements

Required International Business Courses 25 cr.
Required Management Courses 9 cr.
Required Synthesis Activities 7 cr.
Total 41 cr.

Required International Business Courses: 25 cr.

MIB510 International Business Environments (3 cr.)

This course introduces the fundamentals of international business and development and analyzes the global environments in which these interconnected pursuits are conducted. It explores the history, evolving definitions, theories, management, and synergies of global business and international development. The course also explores tools of information, policy, and sustainability. An overview of legal, ethical, and cultural competency issues in both international business and development is provided.

Upon completion this course, students are expected to be able to do the following:

  1. Analyze the ways in which international business and international development affect and reinforce each other.
  2. Analyze the elements of the global economy which affect both pursuits.
  3. Compare and contrast various economic theories.
  4. Assess the advantages and limitations of using business-based methods to serve international development objectives.
  5. Develop strategies to address the barriers to successful international business and development.
  6. Identify the ethical issues inherent in international business and development.
  7. Locate and assess the quality of relevant information, studies, and resources.
     

MIB519 Global Religions and Belief Systems (3 cr.)

This course examines beliefs and practices of religious traditions around the world and their effect on culture, geopolitics, and business. Students examine and analyze the major religions of the world--Islam, Christianity, Judaism, Taoism, Buddhism, Hinduism, and Confucianism--their differences, similarities, and how practice of these religions impacts today's world.

Upon completion of this course students are expected to be able to do the following:

  1. Apply the methods used to study religions and belief systems.
  2. Analyze the traditional ways that human beings have been religious.
  3. Characterize the modes of human awareness used to express meaning.
  4. Compare the major religions and belief systems of the world.
  5. Analyze the similarities and differences between culture and religious traditions.
  6. Design international business strategies that incorporate the ways in which global religions and belief systems impact the conduct of international business.
     

MIB520 Accounting for Global Decision Making (3 cr.)

This course examines the evolving nature of managerial accounting practice in a rapidly changing global environment. Special consideration is given to unique problems faced by international business concerns with respect to developing and utilizing effective managerial accounting and reporting systems. The latest theoretical and technical innovations in accounting and reporting from around the world are examined.

Upon completion of this course, students are expected to be able to do the following:

  1. Understand the language and principles of accounting and its application.
  2. Understand and utilize accounting information to develop and make use of financial accounting and reporting systems.
  3. Understand the need for accurate and timely reporting of transactions and results in the demanding global market.
  4. Understand the nature of domestic and international business transactions through accounting.
  5. Understand the accounting process followed in the preparation of financial reports.
  6. Understand the basics of differing types of controls and reporting for decisions made by the international manager.
  7. Identify the economic transactions of an organization that need to be recorded and reported.
  8. Understand the financial impact managerial decisions have on a business or an organization.
  9. Understand alternative ways to account for economic transactions.
  10. Understand and apply accounting principles and practices when conducting international business.
     

MIB525 International Economics and Finance (3 cr.)

This course provides a comprehensive overview of the international economic and financial systems impacting global business today. Topics in international economics include the foundation of modern trade theory, impact of tariff and non-tariff barriers, labor and capital mobility, trading blocks, and protectionism. Topics in international finance include balance of payments, foreign exchange systems, exchange-rate determination, managing currencies, international banking, and the international monetary system. This course analyzes the theories and models which apply to an economy's global trade and monetary relationships.

Upon completion of this course, students are expected to be able to do the following:

  1. Understand the roles and functions of international economic and financial institutions.
  2. Effectively analyze contemporary macroeconomic issues in the context of the global economy.
  3. Analyze the economic interactions of the global economy and how the global economy affects global business practices.
  4. Apply the principles of comparative and absolute advantage to explain how countries can benefit from trade.
  5. Understand the tools governments utilize for protectionism and analyze the effects of tariffs, non-tariff barriers and quotas.
  6. Identify and understand the various forms of business organizations and the different ways of financing them.
  7. Understand the financial reporting requirements of the differing entities.
  8. Understand the principles of managing current assets and current liabilities.
  9. Assess the existence of management problems or opportunities through the reading and analyzing of a company's financial statements and make comparisons to other companies in the same industry.
  10. Compute present values using them in financial decision making.
  11. Understand the impact of unethical behavior by an entity's general and financial managers of the entity and its owners.
  12. Understand the mechanics and risks of operating an entity in a global marketplace.

MIB530 International Marketing (3 cr.)

This course examines the various political, legal, economic, and cultural systems and their effect on global marketing of products and services by focusing on product, pricing, promotion, and distribution decisions. The development of critical thinking and problem-solving skills through the application of international marketing theories/practices to various business scenarios help students gain an understanding of the issues and the practice of managing international marketing activities. Major marketing principles and strategies are explored as they apply to the global marketplace.

Upon completion of this course, students are expected to be able to do the following:

  1. Understand the key elements of marketing as it applies to conducting business across borders.
  2. Apply key marketing concepts in a strategic marketing approach within an organization as it applies to conducting business globally.
  3. Apply strategic marketing models, theory and tools to business situations globally.
  4. Understand the role of the marketing function in organizational management.
  5. Understand the constantly changing conditions facing marketers in the global trade environments.
  6. Understand the implications of cultural and religious issues as they relate to international marketing.
  7. Develop of a marketing plan for a product or service to be marketed internationally.

MIB532 Entrepreneurship (1 cr.)

This course examines characteristics of contemporary entrepreneurship domestically and globally. Critical factors in the entrepreneurial business process, such as identifying new opportunities, financing a new venture, development and evaluation of a business plan from a strategic perspective, and utilizing alternative forms for establishing a business, are explored.

Upon completion of this course, students are expected to be able to do the following:

  1. Identify and describe the resources offering small business services to the public.
  2. Understand the need to identify new global opportunities when considering new business ventures.
  3. Select the forms of business entities available to the entrepreneur and understand their application domestically and internationally.
  4. Select appropriate financing for a new business venture and understand its application globally.
  5. Describe and understand the concepts of marketing a small business globally.
  6. Design an effective international business plan.
     

MIB535 International Business Law (3 cr.)

This course utilizes a managerial approach to understanding important legal and regulatory issues confronting the international business and its transactions. It examines the making of international law, dispute resolution, and jurisdiction. In particular, this course examines the major intergovernmental organizations and regional agreements that regulate and promote international business. In addition, the interrelationships between different legal systems and the resulting effect on individuals and organizations are examined from a comparative and multicultural perspective.

Upon completion of this course, students are expected to be able to do the following:

  1. Understand the principles of international law as they apply to international business.
  2. Understand the intergovernmental and nongovernmental organizations that regulate and promote international business.
  3. Understand how international business is carried out across borders and what factors affect it.
  4. Apply legal concepts internationally by understanding of the diverse local regulations that impact firms conducting business globally.
  5. Understand the ethical and legal implications of acts, omissions or breaches as they are defined and differ in diverse international business environments.
  6. Understand the role intergovernmental and nongovernmental organizations play in leveling the global business playing field.
  7. Understand the process of globalization from the perspective of international legal integration.
     

MIB545 International Political Economy (3 cr.)

This course identifies the international political and economic elements shaping the intersection of global business and international development, including domestic economies; regional economic integration; demographic trends; and social, cultural, religious, ethnic and related tensions. The course also identifies political forces affecting the economic choices of states, non-state actors, enterprises, and individuals involved in international trade, investment, monetary, and development affairs.

Upon completion of this course, students are expected to be able to do the following:

  1. Analyze how political and economic factors interact to shape the global marketplace and international development environment, including as they relate to states, non-state actors, and patterns of cooperation and conflict in the international system.
  2. Evaluate strategies regarding the impact of international political economy on global trade and investment, international development, and regional economic integration.
  3. Synthesize in a balanced manner the individual, organizational, and systemic issues in conflicting situations.
  4. Analyze the viewpoint of another culture lens to gain new knowledge and insights.
     

MIB565 Cultural Awareness (3 cr.)

This course examines the role culture plays in business and its influence on the domestic and global marketplace. Intercultural competence is defined and explored in terms of factors that either impede or facilitate effective business and interpersonal relationships. Methods to identify and resolve cultural biases in international business relationships are discussed. The importance of intercultural competence is explored along with the knowledge and skills needed to work with, manage and serve diverse groups and individuals. The multicultural skills and dispositions of cultural awareness as it applies to conducting business across historical, cultural, religious, and geopolitical borders are developed.

Upon completion of this course, students are expected to be able to do the following:

  1. Identify and understand the cultural influences that have shaped their behavior and worldview.
  2. Define inter-cultural competence.
  3. Understand how culture influences business and inter-personal relationships.
  4. Analyze the effect of culture in the international marketplace.
  5. Describe cultural factors that impede or facilitate global business relationships.
  6. Identify and resolve cultural biases and prejudices.
  7. Integrate cultural awareness and inter-cultural competence into international business strategy.
     

Required Management Courses: 9 cr.

GM600 Management Principles (3 cr.)

This course provides an overview of key organizational and behavioral concepts, which underlie effective management practice in private and public sector organizations. Management strategies are examined and compared. Special attention is given to defining and interpreting cross-cultural differences and influences. The course gives attention to the local and global trends, both existing and emerging, that influence organizational structure, behavior and change.

Upon completion of this course, students are expected to be able to do the following:

  1. Synthesize and build creatively on concepts about management roles in planning, organizing, leading and oversight in the 21st Century;
  2. Analyze the management challenges of organizations in today's global marketplace;
  3. Evaluate and apply management strategies to real world problems;
  4. Outline a rationale for integrating corporate responsibility and social justice into the organization; and
  5. Identify personal management skills and competencies.

GM623 Academic Research and Writing (3 cr.)

This course focuses on graduate academic writing skills, including voice and style, writing that incorporates source material, ethical use of source material, APA writing guidelines, and revising writing.  Students learn to locate and evaluate resources relevant to the research and writing process.

Upon completion of this course, students are expected to be able to do the following:

  1. Develop a research question, delineating the complexity in an issue.
  2. Use information from a variety of sources relevant to a question.
  3. Evaluate information for relevance and credibility.
  4. Analyze and synthesize scholarly articles.
  5. Integrate source material into academic writing, including correct use of summary, paraphrase, and quotation, along with proper citation.
  6. Incorporate different points of view on an issue.
  7. Write clearly and concisely.
  8. Demonstrate skills in rewriting, editing, and proofreading.

GM675 Managerial Ethics and Issues (3 cr.)

This course examines philosophical theories and ethical practices that can be used to resolve organizational dilemmas.  The course emphasizes the role of managers to strengthen the ethical culture of the organization.  Application of ethical principles and models to deal with complex ethical issues facing domestic and global organizations is studied.  Students develop skills in values-based decision making built upon integrity and accountability.

Upon completion of this course, students are expected to be able to do the following:

  1. Identify and assess the extent of ethical issues that face organizations, communities, and stakeholder groups.
  2. Recognize how ethical theories, principles, and models provide options for examining complex ethical issues.
  3. Analyze how organizational and cultural norms affect the ability of people within it to act ethically.
  4. Consider value-based decision making to select options that are congruent with business.
  5. Develop a framework for resolving complex ethical dilemmas.
  6. Apply ethical theories, models, and principles.
     

 

Required Synthesis Activities: 7 cr.

MIB570 International Field Study (4 cr.)

This course provides students with an opportunity for an in-depth analysis and observation of the peoples, religions, culture, and international business in countries outside of the United States . It includes tours, trade shows, meetings with government officials, cultural events, and seminars with local experts in which students take an active part. Special emphasis is placed on history, cultural awareness, the role international organizations play in international business and the effects of globalization worldwide. The focus of this course is to apply academic work to analyze international business issues and to increase travel and cultural competence. The course requires students to analyze and assess international business practices in light of historical, religious, cultural, and geopolitical considerations that impact the particular country or region of study.

Upon completion of this course, students are expected to be able to do the following:

  1. Understand the distinction between the theory and the practice of international business.
  2. Understand the historical, religious, geo-political, cultural and business climate of each country visited.
  3. Understand the particular business practices of the country visited.
  4. Understand and access the international business resources available in the country visited.
  5. Assess and learn from the experience of practitioners in the global marketplace.
  6. Demonstrate planning skills to pursue international business in the environment of the country visited.
  7. Demonstrate travel confidence and cultural competence.
     

MIB575 International Business Strategy Capstone (3 cr.)

This course emphasizes the integration of academic and field experiences through the use of skills and tools developed in previous courses. This course focuses on formulating, implementing, and evaluating effective international business strategies for conducting business in a global marketplace by emphasizing critical analysis, synthesis, and evaluation of international business theory and application. Special emphasis is given to application of international business concepts and techniques and their integration into the strategic planning process.

Upon completion this course, students are expected to be able to do the following:

  1. Understand strategic planning processes and techniques necessary for conducting business across borders.
  2. Understand the historical and cross-cultural approaches to international business strategy.
  3. Demonstrate the ability to review and analyze the situations and challenges facing organizations competing for positions in the global marketplace.
  4. Develop and defend strategic international business decisions for change and improvement.
  5. Understand the complex issues unique to organizations operating on a global basis.
     



Professor smiling with students

Apply ›

Learn about the necessary steps to complete the application process and how acceptance works.

Woman meeting man

Information Sessions ›

Meet with Saint Mary’s faculty and staff and get your questions answered at an upcoming information session.

Students smiling in class

Request More Info ›

Learn more about the convenient doctoral and master’s programs that Saint Mary’s offers to help advance you in your career.


Connect With Us

Molly Bigelow

Rochester Center - Enrollment Counselor

Rochester Campus, RC

Campus Box: # 53

(507) 457-8602

mbigelow@smumn.edu

Advises all students interested in enrolling in the following programs at Saint Mary's:

Molly Bigelow