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International Business Opportunities
Why is international business important?Our commitment to international business educationCareer opportunities – jobs and internshipsEducation and study abroad – to differentiate yourself in the job market
“When I look back 15 or 20 years ago it was rare for a businessperson to do business internationally. Today it is rare that one doesn’t. The world is a small pond; it is important that students have an understanding of different cultures, and that they realize that they are not just dealing with issues in Dayton.”
Rick Stover, Partner in ChargePricewaterhouseCoopers LLP
Today’s business world:
No longer limited by national boundaries. Changes in communication, transportation, and information technology have propelled businesses into a new environment with blurred borders and new interdependencies. Business professionals need a broader education grounded in a more diverse global perspective to thrive or even survive in this environment.
Why International Business Matters…in Ohio
One in 10 Ohio jobs are related to international trade – 850,000 jobs
Ohio ranks second in the nation with more than 1 in 5 manufacturing jobs tied to exports
Ohio ranks 6th in the nation for exporting – 7th in population
Ohio outpaces the nation’s growth in exports – 7.4% for Ohio; 4.4% for U.S.
Why International Business Matters…in the Global Economy
3/4 of US direct investment abroad is in developed countries
For every $1 in overseas investment, an additional $2 in exports to that market tend to be generated
78 percent of global gross domestic product and 95 percent of humanity lives outside U.S. borders
Industrialized nations – Europe, Japan, US have low growth economies
Local companies that have survived the economic down turn are doing business internationally
The Raj Soin College of Business:
Committed to preparing its students to be business professionals and leaders in the global economy.
A leader in developing international linkages for students, faculty, and business firms in the Miami Valley.
Career OpportunitiesPossible Positions
Private SectorImport/Export Documentation SpecialistInternational Business ConsultantInternational Sales and MarketingInternational Trade SpecialistInternational Customs Brokerage OperationsInternational OperationsInternational Information Systems, Distribution, and Logistics
International Human ResourcesInternational Finance and AccountingInternational Risk Management
Public SectorDiplomatForeign and Commercial Service - Federal level
• US Dept of Commerce• US Dept of State
International Trade Advisor- State level
Firms/Organizations That Recruit IB Students
CorporationsAT&TBoeingChevronChiquita Brands International, Inc.Coca-Cola CompanyEDSEli Lilly & Co.General ElectricGeneral MotorsHewlett-PackardMead CorporationNCR
PricewaterhouseCoopers, LLPProcter & Gamble
BanksBank of BostonChemical BankCiticorp
International OrganizationsThe Inter-American Development BankThe International Monetary FundThe United NationsThe World Bank GroupWright Patterson Air Force Base
The Raj Soin College of Business:
Gain experience right here in the Miami Valleyor abroad
Help businesses expand their export opportunities
Local CompaniesThat Recruit IB Students
ATI/SSIAngell ManufacturingColumbia RubberFH Bonn*Global Gauge Corporation*Hartzell Propeller*Kurz-Kasch, Inc.*
*Examples of recent internships
Elliott Tool*Freedom Feeds*Shore-to-ShoreFrench Oil Mill Machinery*Auto-Valve, Inc.SystranVocalink*
Non-Profit Opportunities
International Trade Assistance Center, one of only four Ohio Department of Development centers
Ohio Department of Development
U.S. Department of Commerce Export Assistance Center
Dayton and Cincinnati Offices
TARGET – To Aim and Realize Global Expansion Together: Monthly Business International Roundtable
Rachelle Sedenek and Ambassador Frank L. Lavin, U.S. Ambassador to Singapore
Asian Aerospace Trade Mission – Rachelle assisted 12 U.S. businesses and helped organize the world’s largest aerospace tradeshow in the world
Interns also assist local businessesFreedom Feeds, Urban – John Heywood
Organically grown fish food Export investigation to Norway, world’s largest aqua-culture market Ban on genetically modified soybeans Found Norwegian University to test products Evaluated option for importing soybeans (NGM) from Brazil
FH Bonn, Springfield – Lynda Babjack Market evaluation for industrial laundry supplies Opportunity with Dubai – large tourism industry Is it the best market?
www.wright.edu/business/econnections/summer04/going_global.htm
Countries where students can study include:Australia Sweden*Chile* Italy China Japan Costa Rica France*Germany* Spain*…and more
* Primary emphasis on business
190 E Student Union – Univ Center for International Education
http://www.wright.edu/ucie/studyabroad/index.html
Major and Minor Options
For College of Business Students
International Business MajorInternational Trade Minor
For All Other StudentsInternational Business Minor
A Major in International Business
Students gain applied experience in:- Language- Culture- International Business
The required international trade internship gives students a jump-start on their careers.
IB Major - FeaturesBusiness: Attain an understanding of all functional areas
of business – accountancy, economics, finance, management, marketing, and trade principles – with special emphasis on the international aspects of these areas.
Culture: Select a concentration area for the liberal arts classes from a predetermined list. Enrich your knowledge of a specific geographic region.
Foreign Language: Acquire a business level competency. Corresponds to the student’s culture concentration.
Internship: Must complete an international internship using the skills acquired in the degree program. Domestically or abroad. Junior or senior year.
Business Major Requirements
General Education – 57 hoursBusiness Core Courses -31 hours
Don’t need to be admitted to the RSCOB
Business Core Courses – 31 hoursNeed to be admitted to the RSCOB
IB Major RequirementsInternational Business-24 hours
Int’l AccountingComparative Economic SystemsInt’l Financial ManagementInt’l ManagementInt’l MarketingInt’l Trade ManagementInt’l Trade Internship
Cultural Electives – 12 hoursLanguage: 201, 202, 203 + Business Language 325
International Trade Minorfor Business Majors
24 hours IB 486 International Trade ManagementComplete 4 courses International Accounting International Finance Global Supply Chain Management International MarketingElectives – 4 hours International Economics Capitalist Institutions Economic Development in Transition
Unique IB 486 Course
The International Trade Management Course further develops graduates who can distinguish themselves in the job market.
Offers the right mix of theoretical and practical skills in export management.
Admission Requirements College of Business Majors
45 credit hours earned (including the following)
Completion of:•ENG 101 and 102 with “C” or better.•MTH 128 or 129 (or higher-level math
class), with “C” or better.
2.5 minimum cumulative (GPA).
International Business Minorfor Non-Business Majors
28 hours International Politics Introduction to International Business Management and Organizational Behavior International Management Principles of Marketing International Marketing4 hours – Chose one of the following (Requires 200 level
proficiency): Business French Business German Business Spanish
For advising appointments stop by
110 Rike or call 775-2437
International Business Club – Open to all Students on Campus
http://www.wright.edu/studentorgs/ibc/
“Over the past year of traveling in Asia, Europe, and South America I have seen firsthand how important not only language is, but also business customs, in working with our offices in these countries. The new International Business major at Wright State University will be of great importance in giving students these valuable skills.”
Lewis MartinBusiness Operations Manager, Americas
NCR Corporation