In support of Daemen College’s mission to prepare students for life and leadership in a complex multicultural world, the College’s Master of Science in International Business is designed to provide business perspective and expertise to facilitate sustained economic growth. The program relies on experienced professionals who incorporate collaborative and integrative business strategies necessary for the development of outstanding, ethical business leaders. The MSIB program inspires graduates to become responsible and resourceful global citizens.
Upon completion of the master’s program in International Business the graduate will:
- Demonstrate creative critical thinking skills to recognize problems, analyze uncertain situations, interpret evidence, develop alternative solutions, and to adapt and innovate with a global perspective.
- Recognize the opportunities and challenges of globalization and apply managerial skills to international business.
- Recognize ethical problems and apply standards of ethical behavior to management decisions.
- Recognize the importance of corporate responsibility and incorporate socially responsible actions in the development of global organizational strategies.
- Use technology and appropriate quantitative methods as tools of effective management.
- Demonstrate effective, culturally appropriate communication skills.
- Demonstrate well-developed leadership and teamwork skills for the effective implementation of mission-driven organizational policy in a multicultural global environment.
- Integrate theoretical and practical applications across functional business areas and networks for the purpose of strategic planning, implementation and control.
Students must meet the following master’s level admission requirements:
- Possess a baccalaureate degree from an accredited college or university with a major concentration in a business related field, such as accounting, business administration, economics, management, or marketing.
- Have an undergraduate grade point average of 3.0 or higher. If a student has an undergraduate grade point average of less than 3.0, (s) he will be required to take the Graduate Management Admission Test (GMAT). The following guideline will be used to determine admission for matriculation: (200 X undergraduate GPA) + GMAT score > 1000.
- A student with a baccalaureate degree from an accredited college or university not in a business related field may be admitted if 30 credit hours or more of the undergraduate degree were in business related courses, or if the student has the equivalent work experience. In either case, the following topics must be covered as prerequisites through previous undergraduate course work or through bridge courses by the end of the first semester: Financial Accounting, Managerial Accounting, Business Law (including contract law), Business Statistics or Business Mathematics, and Principles of Marketing.
- Provide two letters of recommendation that demonstrate the applicant’s ability to undertake a rigorous program of academic study as well as address the applicant’s leadership ability as the person making reference knows it.
- Demonstrate satisfactory oral and written English by a pre-admission interview, a pre-admission essay or, if applicable, a satisfactory TOEFL score.
- Submit a completed application form with fee.
- Submit a personal goal statement.
- Provide official transcripts from the institution that awarded the baccalaureate degree and any work completed at the graduate level.
- A student may enter the program on a non-matriculated basis and complete a maximum of two courses while gathering the above materials and awaiting official acceptance.
M.S. International Business Scholarships
Four $1,500 scholarships are available annually to new, full-time students in the M.S. International Business program. These scholarships will be awarded based upon an application and essay submitted to a committee of the graduate faculty of the program. The scholarship will be prorated between two semesters ($750/semester).
Application requirements may be obtained from the Director of the MS International Business Program, Torsten Doering, email@example.com.
STAGE ONE: 9 CREDITS
- MGT501 The Global Competitive Framework (3)
- MGT502 Ethics for Professionals in a Multicultural World (3)
- MGT503 Comparative Management (3)
STAGE TWO: 9 CREDITS
- FIN601 Global Monetary Systems and Capital Markets (3)
- MGT504 Operational and Technology Issues in Global Business (3)
- MKT507 Strategic Planning for the Global Market (3)
STAGE THREE: 9 CREDITS
- Electives (see below-Program Design/Specialty Track) (9)
STAGE FOUR: 3 CREDITS
- MGT650 Directed Research (Accounting Specialty Track must complete ACC650 Directed Research in Acctg) (3)
TOTAL PROGRAM REQUIREMENTS = 30 CREDITS
Program Design/Specialty Track
Students may opt to complete a generalized program in International Business or they may select a functional area of business in which to specialize. A specialty track is available in Marketing. In addition, a student who has previously completed a B.S. in Accounting may choose to fulfill their electives by taking a series of graduate Accounting courses.
ACCOUNTING SPECIALTY TRACK
Students will complete the following courses in fulfillment of electives: ACC618 Advanced Taxation; ACC620 Advanced Auditing; ACC630 Global Financial Reporting & Statement Analysis. Students will satisfy Stage Four of the program by completing ACC650 Directed Research in Accounting
MARKETING SPECIALTY TRACK
The 9 elective credits in the program must be satisfied with course work in that specialty track.
Excluding an approved leave of absence, all requirements for the MS, International Business, must be completed within a period of five (5) calendar years, effective from the first date of matriculation in the International Business program.
It may be necessary for a student to repeat a course to achieve a satisfactory grade. Students are encouraged to discuss the matter with their Graduate Faculty Advisor. A maximum of one course may be repeated in the International Business program.
Requirements For Graduation
- Application for Degree: All graduate students are required to file an Application for Degree form with the Registrar’s Office at the onset of the final term of study. The application is accessible on the Registrar’s web page.
- A minimum cumulative grade point average (GPA) of 3.00.