MSc International Business with Placement Year

Program Overview

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The MSc International Business with Placement Year program at the University of Hertfordshire is a two-year postgraduate program designed to equip students with a comprehensive understanding of international business operations and the skills to succeed in a globalized business environment. The program offers a flexible structure with different entry points and pathways, including an optional placement year that provides valuable work experience and enhances employability. Graduates are highly sought after by leading multinational companies and organizations operating in the international business environment.

Program Outline

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Degree Overview:

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MSc International Business with Placement Year

is a two-year postgraduate program designed to help students build a strong understanding of international business operations and develop skills for working across national borders. With this program, you can choose between an MSc in International Business or an MSc in International Business with Advanced Research.

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Objectives:

• Understand the global economy and its impact on business.

• Develop critical skills for analyzing business challenges and developing creative solutions.

• Gain experience in a range of international business functions, including marketing, finance, and supply chain management.

• Enhance employability through a placement year with a leading organization.

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Program Description:

The program offers a flexible structure with different entry points and pathways. The first year focuses on core concepts in international business, with modules in:

• The Global Economy
• International Business Strategy
• International Supply Chain Management
• Marketing Across Cultures
• International and Comparative HRM
The second year features an additional research component and an optional pathway for completing a placement year.

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Placement Year:

The placement year allows students to gain valuable work experience within a chosen career sector, enhancing their employability and skillset. During the placement, students are supported by the University and have the opportunity to:

• Apply classroom learning to real-world business situations.

• Develop strong professional networks.

• Increase earning potential upon graduation.

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Outline:

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Structure:

• Two-year full-time program.
• First year includes core modules and electives.
• Second year includes research component and optional placement year.
• Flexible entry points for those with undergraduate or postgraduate qualifications.
• Pathway options for focused study in specific areas of international business.

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Course Schedule:

• The program typically follows a semester system, with three semesters per academic year.
• Modules are usually delivered over one semester, with lectures, seminars, and workshops.
• Assessment deadlines and project timelines are clearly defined in the course schedule.

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Modules:

• The Global Economy: Introduces students to the complexities of the global economy and its influence on international business.
• International Business Strategy: Explores the challenges faced by international firms in achieving competitive advantage, while adapting to diverse global contexts.
• International Supply Chain Management: Covers the theory and practice of international supply chain management for organizations, including topics like supplier relationships, risk management, and sustainability.
• Marketing Across Cultures: Investigates how marketing strategies need to adapt to cater to different international contexts, including cultural and macro-environmental factors.
• International and Comparative HRM: Examines the complexities of managing human resources across borders, exploring challenges in host localities and cross-cultural workforce dynamics.
• Preparation for the Workplace: Guides students in securing work placements, preparing them for selection processes and professional environments.
• Business Research Methods: Equips students with research skills to conduct their independent research project.
• Accounting and Finance for International Business: Develops students' ability to analyze financial information, make sound decisions, and enhance their interaction with financial professionals.
• Professional Work Placement: Requires reflection on learning gained during the placement year, strengthening students' articulation of skills and experience.
• MSc IB Industry Research Project: Culminating project demonstrating students' independent research ability, focused on any aspect of the MSc International Business program.
• Global e-Business: Optional module exploring the development of e-commerce components, its integration into business profiles, and its impact on international trade and markets.

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Assessment:

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Assessment methods:

• Individual written reports: Requires in-depth analysis and research.
• Group presentations: Develops collaboration, communication, and critical thinking skills.
• In-class tests: Gauges understanding of key concepts and application of theoretical frameworks.
• Practical assignments: Encourages creative solutions and problem-solving skills.
• Independent research project: Culmination of research skills and analysis.

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Assessment criteria:

• Depth of understanding and analysis of key concepts.

• Critical thinking and problem-solving skills.

• Effective communication and presentation skills.

• Clarity of writing and arguments.

• Originality and creativity in research approaches.

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Teaching:

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Teaching methods:

• Lectures: Delivered by experts and academics in the field, providing foundational knowledge and insights.
• Seminars: Encourage critical discussion and diverse perspectives on international business challenges.
• Workshops: Offer hands-on practice of skills and techniques through real-world case studies and simulations.
• Individually-supported independent research project: Facilitated by experienced supervisors who guide research development and execution.

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Faculty:

• Composed of experienced academics and industry professionals with expertise in international business.

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Unique approaches:

• Guest lectures from industry leaders: Offers direct access to real-world business insights and experiences.
• Simulation and case-study analysis: Develops problem-solving skills through application of concepts in realistic business scenarios.
• Global Business Network: Fosters global perspectives and cross-cultural understanding through partnerships with universities and organizations worldwide.
• International Marketing Manager: Develops and executes marketing strategies for products and services in diverse global markets.
• Supply Chain Manager: Oversees the efficient flow of goods and services across international borders, managing supplier relationships and logistics.
• International Financial Analyst: Analyzes financial data and advises organizations on international investments, capital allocation, and risk management.
• Human Resource Manager: Specializes in managing human capital within international organizations, addressing cultural and workforce challenges across diverse regions.

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Employment prospects:

• Graduates highly sought after by leading multinational companies and organizations operating in the international business environment.

• Placement year increases employability and enhances earning potential upon graduation.

• Program equips students with skills and knowledge that are highly valued by employers across various industries.

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Other:

• University of Hertfordshire boasts a first-place ranking among UK universities for postgraduate taught experience in business and management.

• Program attracts students from diverse backgrounds and nationalities, fostering a rich learning environment with global perspectives.

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UK Students Full time £14805 for 2024/2025 and 2025/2026 inclusive EU Students Full time £17950 for 2024/2025 and 2025/2026 inclusive International Students Full time £17950 for 2024/2025 and 2025/2026 inclusive