MSc in International Business and Emerging Markets1

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1 THE UNIVERSITY OF EDINBURGH PROGRAMME SPECIFICATION FOR MSc in International Business and Emerging Markets1 1) Awarding Institution: University of Edinburgh 2) Teaching Institution: University of Edinburgh (Business School) 3) Programme accredited by: n/a 4) Final Award: MSc/PG Diploma in International Business and Emerging Markets 5) Programme Title: MSc in International Business and Emerging Markets 6) UCAS Code: n/a Relevant QAA Subject Benchmarking Group(s): Masters Awards in Business and Management 7) Postholder with overall responsibility for QA: Dr Inger Seiferheld 8) Date of production/revision: 2011/2012, revised July ) External Summary The MSc in International Business and Emerging Markets will help students understand how to conduct business internationally and, in particular, how to do so from developmental states. It will help them understand the particular challenges faced in developing corporate strategy, attracting foreign direct investment and working in countries with very different cultures, institutions, laws and business practices. If emerging markets are, by their very nature, in a state of flux, then already successful economies are characterised by a different kind of dynamic. And as the pace of globalisation accelerates, the need to understand the drivers of national and international economic and business success becomes ever more acute. That gives graduates of this MSc some very real career advantages. The programme will suit those with a background in or experience of the commercial or financial worlds. It is useful for students from emerging economies who wish to bring themselves up to speed with contemporary thinking in corporate strategy, including technology and financial management and business economics, and of public policies dealing with pressing issues relating to development in general. It is equally useful for students from already established economies seeking to understand how businesses can take advantage of the globalisation of the world economy and the rapid development of these new economic powerhouses. Students on the programme come from all over the world, looking for objective, in-depth insights into global business practice. The knowledge they gather helps them develop successful careers as consultants, managers or analysts in the broad arena of international business. 1 The information contained in this Programme Specification should be used as a guide to the content of a degree programme and should not be interpreted as a contract. 1

2 10) Educational aims of programme: The programme aims: To help students acquire substantive knowledge and understanding of the challenges of international business, particularly as it is conducted in emerging markets. To give students the analytical skills needed in dealing with the complex issues of business strategy and operations in both multinational enterprises (MNEs) and firms in emerging economies. To provide an opportunity for outstanding and diverse students from dozens of countries around the globe to learn about each other and from each other. To provide a learning environment in which students will build on their existing knowledge and develop deeper expertise in a particular area of their own choosing. 11) Programme outcomes: 11a) Knowledge and understanding Explain and apply the key factors underlying the competitiveness of international business; Explain and evaluate the influences of the changing landscape of global politics, technology development, and regulatory regimes in individual countries and international institutions; Critically evaluate the differences between individual emerging economies in terms of their changing business environments and business practices. 11b) Graduate attributes: Skills and abilities in Research and Enquiry Select an appropriate research approach method; Apply it to analysis of complex international business issues; Gather data and information from a range of sources; Assess the relevance and validity of such sources, and analyse them. 11c) Graduate Attributes: Skills and abilities in Personal and Intellectual Autonomy Effectively identify and present international business opportunities in emerging markets. 11d) Graduate Attributes: Skills and abilities in Communication Present oral and written analysis and arguments relevant to business projects in emerging markets. 11e) Graduate Attributes: Skills and abilities in Personal Effectiveness Work in teams on projects involving research, analysis and the presentation of conclusions. Identify and evaluate social, cultural, global, ethical and environmental responsibilities and issues. Demonstrate skills in time management. 2

3 11f) Technical/practical skills These skills are covered under the headings above. 12) Programme structure and features Entry Requirements Minimum of a 2.1 Honours degree or equivalent in any subject. Applicants for whom English is not their first language: a Test of English as a Foreign Language (TOEFL) score of 600 (250+ computer based) or an International English Language Testing System (IELTS) score of 7 is preferred. Alternatively, a recent degree from a university in an English-speaking country may be acceptable. Degree Criteria MSc full-time (12 months) or part-time (24 months), requires 120 credits from taught courses and 60 credits from the research dissertation. Diploma is full time for 9 months, 120 credits from taught courses. Programme structure All students attend and complete the five compulsory core courses (75 credits), three in semester 1 and two in semester 2. One further semester 1 course is chosen from a list of three. In semester 2, students take two elective courses totaling 30 credits, from a range of option courses designed to meet the needs of students with diverse backgrounds, experience and interests. Core Courses (all 15 credits) International Trade and Business Strategy (Semester 1) Current Debates in International Business and Emerging Markets (Semester 1) Developing Knowledge-based International Businesses in Emerging Economies (Semester 1) Methods of Research (Semester 2) Doing Business Projects in Emerging Markets (Semester 2) PLUS One from Three: Accounting and Financial Management (Semester 1) Marketing Management 2 (Semester 1) The Entrepreneurial Challenge: Creating a New Venture (Semester 1) Elective Courses (two courses totalling 30 credits)* All 15 credits, all offered in Semester 2: International Marketing Strategy (pre-requisites apply) Emerging Entrepreneurship in Africa: Opportunities and Obstacles Financial Analysis Outward Investment from Emerging Markets Management of R&D and Product Innovation Services Management Global Financial Markets and Emerging Economies Global Strategic Management: Issues and Perspectives 2 10 places available on a first come first served basis on the Marketing Management course. 3

4 Green Entrepreneurship The Entrepreneurial Manager Corporate Responsibility & Governance in a Global Context * Not all elective courses will run in a particular year Research Dissertation (60 credits) Each student conducts an individual research project on a subject chosen in consultation with an academic advisor. It can be on any topic related to international business and/or business in emerging markets. MSc candidates write up their work as a dissertation (maximum 15,000 words), which is submitted by the end of August. Progression and Exit Awards Students must achieve at least 80 credits at 50% or above and an overall 120 credits with a weighted average of at least 50% to progress to the research dissertation MSc stage. Students who also achieve at least 50% in the dissertation will be awarded the MSc in International Business and Emerging Markets. A Diploma in International Business and Emerging Markets will be awarded if the student has 80 credits at 40% or above and an overall 120 credits with a weighted average of at least 40%. 13) Further information on programme Learning and Teaching Methods and Strategies The Business School's strategy in learning and teaching is to deliver a dynamic, engaged, classroom experience that exposes our students to both practical and theoretical perspectives on business issues in ways that stretch and challenge them. The programme s strategy in learning/teaching is through a combination of courses relating to general knowledge of international business, finance and trade, as well as the business environment and management in emerging markets, especially large emerging economies such as BRICs. Teaching/learning is through a combination of approaches and methods from business and management studies and research skills. Students demonstrate their knowledge and skills in their assessed essays, project presentations and non-assessed class discussion, as well as in their final dissertation. At MSc level a substantial amount of independent study and pre-reading for lectures is also required of students. Specifically Designed Features Core courses covering the essential aspects of international business and business in emerging markets A wide range of optional courses The opportunity (in the Current Debates in International Business and Emerging Markets course) to apply the theory learned in other courses by debating and discussing practical issues and cases Work on real-world investment issues with local companies seeking opportunities in emerging markets (in the Doing Business Projects in Emerging Markets course) 14) Further information on programme Assessment Methods and Strategies Core courses: an essay (4000 words) or a project, examination. 4

5 Optional courses: normally an essay ( words) or course analysis, examination, project, as required on any individual courses. Dissertation: a 15,000 (approximately) word thesis. The minimum passing mark is 50 per cent. Feedback is available on individual components of assessment. Students demonstrate their knowledge in their dissertation, their assessed essays and other knowledge tests, as well as their non-assessed participation in class discussions and seminar presentations. 15) Career Opportunities The programme helps graduates develop successful careers as consultants, managers and analysts in the broad arena of international business especially relating to emerging markets. Over a third of our graduates work in banking and finance or consultancy, with others working in a broad range of sectors and industries. Employers include Accenture, Amazon, Goldman Sachs and the World Bank Group. 16) Other Items In terms of pastoral care and student support, all students are assigned a Director of Studies. The DoS s function is to monitor your progress and provide advice on course choices. In addition, the DoS will be a MSc student s first line of pastoral support and advice for any other academic or personal issues which may arise whilst on the MSc Programme. Course teaching will mainly be based in the University of Edinburgh Business School, 29 Buccleuch Place. In addition to 8 lecture rooms of varying size, the School offers sixteen syndicate rooms all with a dedicated PC and laptop hook-up and equipped with Smartboards or large LCD displays. Syndicate rooms are accessed by proximity card, are bookable in advance and have audio enhancement for hearing impaired. We offer two computing rooms and a computer teaching laboratory. The School hosts its own library and business information resources centre (The Hub), open from The associated website supports all the postgraduate courses taught at the School and provides extensive access to a wide range of electronic business information, business research databases and on-line journals. Access to the vast majority of these services is also available to students and staff from their place of work for part-time students and at home world-wide. The portal gives access through the intranet to a comprehensive collection of electronic links, including many specialized subscribed databases (e.g. Datastream, Thomson Research, Thompson One Banker, London Share Price Database, Center for Research Security Prices (CRSP), Compustat, WRDS), to support teaching and learning. MSc students have 24-hour access to the labs and syndicate rooms in 29 Buccleuch Place. More detailed information can be obtained from the Programme Director Dr Ling Liu, University of Edinburgh Business School, 29 Buccleuch Place, Edinburgh, EH8 9JS, Scotland, United Kingdom. E- mail: office+ibem@business-school.ed.ac.uk. 5