International Business Program Details
Drake is one of the few universities with a degree program in international business. The major draws on the disciplines of economics, marketing, management, geography, politics, history and the foreign languages to enable students to develop an international perspective on world business opportunities. The international business major examines the challenge of developing and adapting business practices to operate within and among different economies, political systems and cultures. It's not difficult for students to double-major, and international business is most frequently combined with marketing or management. The future holds a healthy demand for international business graduates.
Bachelor of Science in Business Administration in international business.
The international business major is multidisciplinary, with courses taught by faculty in finance, management and marketing. They have experience in the business world, as well as international travel and research. Their current teaching and research interests include international strategic management, international human resource management, identification and assessment of global marketing opportunities, global marketing strategies, relationship marketing and selling in global markets, and international finance and banking.
While there are no high school level requirements for the International Business major, students with this interest are strongly encouraged to take foreign language courses and any other courses that expose them to a variety of cultures and to world events. Strong written and oral communication skills and a good foundation in the use of information technology are encouraged. Courses in business and economics would also be beneficial.
REQUIRED CREDIT HOURS AND COURSES FOR A MAJOR
124 hours total; at least 42 of these must be earned in courses numbered 100 or above. Students usually focus on building their liberal arts foundation prior to pursuing their business core and major courses in the College of Business and Public Administration. First-year courses may include accounting, economics, English, mathematics, rhetoric and communication studies, foreign language and geography. In addition to BUS 170 –– International Business, the following courses are required for the major: ECON 130 –– International Economics ECON 121 –– Comparative Economic Systems, or ECON 175 –– Economic Development FIN 170 –– International Finance MGMT 145 –– Organizational Theory MGMT 160 –– Planning and Control of Operations MKTG 170 –– International Marketing
REQUIRED CREDIT HOURS AND COURSES OUTSIDE MAJOR
At least 62 of the 124 credit hours must be taken in courses other than business. The Drake Curriculum, a requirement of all undergraduates, helps students meet personal and professional goals as they acquire fundamental knowledge and abilities in ten Areas of Inquiry (AOI). These areas include communication, critical thinking, artistic experience, historical consciousness, information and technology literacy, international and multicultural experiences, scientific and quantitative literacy, values and ethics and engaged citizenship. Students work closely with their academic advisers to craft a program of study in general education that prepares students for civic and professional leadership. The Drake Curriculum also requires first-year seminars, which foster development of critical thinking and written and oral communication skills through a topical focus; and a Senior Capstone, in which students demonstrate the capacity to bring information, skills and ideas to bear on one project.
International business majors are encouraged, but not required, to incorporate a study abroad experience during their sophomore or junior year. Drake has an international studies office with a highly qualified staff to work with the student and the adviser to plan a study abroad trip that furthers the student’s goals. While the most popular programs for Drake students are in Europe, there are study abroad opportunities in all parts of the world, and semester at sea programs also are available. Internship opportunities are available during the school year with businesses in the Des Moines area. Summer opportunities extend to other regions of the country. These paid internships allow students to gain additional experience in international-related business operations. Summer internship programs, such as the Iowa Council for International Understanding and the Iowa Management Association Program, are available to students on a competitive basis. Organizations with possible internships include The Prudential Financial Corporation, Pioneer Hi-Bred International, New England Financial Group, Cigna, Northwestern Mutual Life, Ernst & Young, and state government agencies with international involvement.
International business graduates often begin their careers through management training programs or specialist positions. Majors also pursue unique career path leadership roles in profit-making, private non-profit and governmental organizations. International business majors often enter as specialists or trainees in multi-national corporations, which include assignments allowing for international experiences. Graduates are prepared to advance through specialist, supervisory and managerial ranks in multi-national corporations, international trading companies, government agencies and international institutions such as the Export-Import Bank, World Bank and Overseas Investment Corporation. The future holds a healthy demand for international business majors, with opportunities for internal advancements and alternative career mobility paths.
Organizations at Drake which enhance study in international business include: the Drake International Business Society; Alpha Kappa Psi and Delta Sigma Pi, national professional business fraternities; and Beta Gamma Sigma, a national professional business society, which offers opportunities for involvement in entrepreneurial activities on campus and in the community.
• Margo Farrell, BN’97, business process analyst, Andersen Consulting, London, England