International Business Opportunities Why is international business important? Our commitment to international business education Career opportunities –

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