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 27 cr.
Required Management Course 3 cr.
Required Synthesis Activities 6 cr.
Total 36 cr.

Required International Business Courses: 27 cr.

MIB610 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. Evaluate the ethical issues inherent in international business and development.

MIB615 Global Leadership and Ethics (3 cr.)

This course focuses on theories and styles of leadership and the ways in which outcomes are influenced through increased awareness of personal style and skills. Personal and professional ethics are analyzed, and ethical issues in international organizations are explored.

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

  1. Evaluate personal leadership strengths and opportunities for leadership success.
  2. Analyze the role of the leader in the context of international organizational issues.
  3. Analyze one's learning and communication style as it applies to leadership in international business.
  4. Distinguish emotional intelligence competencies that contribute to leadership success.
  5. Analyze ethical principles that affect decision making.
  6. Analyze ethical dilemmas within international organizations.
  7. Synthesize the individual, organizational, and systemic issues in ethical situations.
  8. Construct a process for ethically responsible decision making, and apply the model in an international context.

MIB620 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. Verify the language and principles of accounting are used appropriately in international business reporting.
  2. Analyze accounting information to develop and make use of financial accounting and reporting systems in an international environment.
  3. Evaluate the need for accurate and timely reporting of transactions and results in the demanding global market.
  4. Compare and contrast the nature of domestic and international business transactions through accounting.
  5. Analyze the accounting process followed in the preparation of financial reports.
  6. Compare the basics of differing types of controls and reporting for decisions made by the international manager.

MIB625 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. Evaluate the tools governments utilize for protectionism and analyze the effects of tariffs, non-tariff barriers and quotas.
  6. Compare and contrast the various forms of business organizations and the different ways of financing them.
  7. Analyze the financial reporting requirements of the differing entities.
  8. Evaluate 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. Evaluate the impact of unethical behavior by an entity's general and financial managers of the entity and its owners.
  12. Compare and evaluate the mechanics and risks of operating an entity in a global marketplace.

MIB630 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. Analyze 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. Evaluate the role of the marketing function in organizational management.
  5. Analyze the constantly changing conditions facing marketers in the global trade environments.
  6. Analyze the implications of cultural and religious issues as they relate to international marketing.
  7. Create a marketing plan for a product or service to be marketed internationally.

MIB635 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. Evaluate the principles of international law as they apply to international business.
  2. Evaluate the intergovernmental and nongovernmental organizations that regulate and promote international business.
  3. Analyze 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. Evaluate the ethical and legal implications of acts, omissions or breaches as they are defined and differ in diverse international business environments.
  6. Analyze the role intergovernmental and nongovernmental organizations play in leveling the global business playing field.
  7. Evaluate the process of globalization from the perspective of international legal integration. 

MIB640 International Management (3 cr.)

This course investigates business management in the international arena. Emphasis is placed on how managers in multinational organizations address such issues as strategic analysis, organizational structure, global coordination and control, communications, inter-organizational cooperation, and human resource management.

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

  1. Differentiate among different cultural frameworks as well as apply these frameworks to real world examples.
  2. Differentiate among different organizational strategies, structures and modes of entry, and justify their adoption in real-world multinational examples.
  3. Compare and contrast cross-cultural communication differences and challenges in negotiations.
  4. Analyze key implementation issues faced by a firm in developing a global organization structure and control system for effective human resource management.
  5. Evaluate the importance of culture in business in how international operations can be formulated to achieve sustained global competitiveness.

MIB645 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. 

MIB665 Cultural Awareness (3 cr.)

This course examines the role culture and religious tradition play 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. Evaluate and analyze the cultural influences that have shaped their behavior and worldview.
  2. Analyze intercultural competence.
  3. Evaluate how culture influences business and interpersonal relationships.
  4. Analyze the effect of culture and religious traditions in the international marketplace.
  5. Analyze the cultural factors that impede or facilitate global business relationships.
  6. Compare and contrast cultural biases and prejudices.
  7. Integrate cultural awareness and intercultural competence into international business strategy.
  8. Analyze the similarities and differences between culture and religious traditions.
  9. Compare and contrast the major religions and belief systems of the world.

Required Management Course: 3 cr.

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.

Required Synthesis Activities: 6 cr.

MIB670 International Field Study (3 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, meeting 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. Evaluate the distinction between the theory and the practice of international business.
  2. Evaluate the historical, religious, geo-political, cultural and business climate of each country visited.
  3. Evaluate the particular business practices of the country visited.
  4. Analyze 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.

MIB675 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. Evaluate the strategic planning processes and techniques necessary for conducting business across borders.
  2. Evaluate 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. Evaluate the complex issues unique to organizations operating on a global basis.



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Molly Bigelow

Rochester Center - Enrollment Counselor

Rochester Campus, RC

Campus Box: # 53

(507) 457-8602

mbigelow@smumn.edu

Advises prospective Rochester students in:

Molly Bigelow