Faculty of Business and Economics IBUS20007 International Business Experience Summer 2020 Delhi - INDIA 1
Erin Willis Global Engagement Coordinator
Outline Why study overseas? IBUS20007 International Business Experience (Delhi, India) Program details and funding opportunities Key dates and applications Questions?
Why study overseas? 10- 15 years after graduation, 87% of students still reported that their overseas study experience ‘has enhanced my overall employability’ Experience life and study in another country Cross-cultural Expand your skills in a language skills globalised world Scholarships and other financial assistance is available Looks great on your resume Source: Nunan, P. (2006). An exploration of the long term effects of student exchange experiences
Why study overseas? 81% of employers agreed that graduates who had studied overseas return to Australia with enhanced skills that are applicable to the workplace Competency With international experience Without international experience Foreign language proficiency 88% 48% Knowledge / understanding of differences in 76% 28% culture and society Ability to work with people of other cultural 76% 40% backgrounds Professional knowledge of other countries 59% 16% (economy, social, legal) Adaptability 81% 57% Assertiveness, persistence, decisiveness 75% 57% Source: Wiers-Jenssen, J. (2008). Does higher education attained abroad lead to international jobs? Source: Parey, M., & Waldinger, F. (2007). Studying abroad and the effect on international labor market mobility
Subject overview • Level 2 FBE subject - 12.5 credit points • Insight into India: Business and Economic Development • Spend two weeks on a study tour: - Company visits (government & non-government) - University visit to meet and learn from Indian students - Excursions - Cultural activities • Assessment includes reflective essay; research report and group presentation Images: Summer 2019 participants at UNDP organisation visit and Taj Mahal excursion
Compulsory subject components Introductory briefing Travel | Logistics | Subject Enrolment | Scholarships Thursday 12 September 2019 (5:15pm) Pre-departure seminar Subject overview | Group bonding | Country briefing | Research and report writing skills Monday 25 November 2019 (9:00am - 5:00pm) Two weeks in India with FBE academic mentor Sunday 19 January to Saturday 1 February 2020 Subject debrief Written assessments Group presentations and subject review
Subject costs • Subject tuition fee • Program fee - $2,000 - $2,200 *indicative only - Non refundable - Covers 13 nights bed and breakfast (twin-share accommodation), some meals, company visits, program excursions and tours • NOT included in the program fee - Airfares - Visa - Other meals - Incidentals Important to remember: the above costs are in addition to your subject tuition fee
Funding available New Colombo Plan (NCP) grants - Large number of grants available - valued at $3,000 - Available to Australian citizens - Cannot hold dual citizenship with the host country or residency rights of the host country ⁻ DFAT have advised that holders of a PIO card are ineligible for an NCP grant to India ⁻ Must not have previously received NCP funding for a short-term mobility subject Melbourne Mobility Awards - Participants not awarded a NCP grant can apply for a Melbourne Mobility Award - Available to local and international students - valued at $1,000 - Can only be awarded one Mobility Award for duration of course ($2,500 grants available for semester long overseas study e.g. exchange)
Applications • Applications due Sunday 25 August (11:59pm) • What do we look for? - Indicative minimum WAM = 65-70% - Must have completed at least 100 credit points towards the BCom prior to departure ⁻ Your CV ⁻ A short statement of purpose
Key dates to note Activity Date Applications close Sunday 25 August 2019 Offers from Tuesday 27 August 2019 Non-refundable deposit ($200) Monday 9 September 2019 Introductory briefing (compulsory) Thursday 12 September 2019 Pre-departure seminar (compulsory) Monday 25 November 2019 In country dates: - Accommodation paid from Sunday 19 January 2020 - Latest arrival time Sunday 19 January (evening) 2020 - First day of the program Monday 20 January 2020 - Last day of the program Friday 31 January 2020 - Departure from Saturday 1 February 2020
Visa requirements • Most participants will require a visa (very few countries which do not need a visa to enter India) • We will provide letters of support required for this process • Passport must have a minimum of six months validity post arrival in India
Next steps • Apply online http://fbe.unimelb.edu.au/students/bcom/current-students/international-business- experience • All applications will automatically be assessed for a New Colombo Plan (NCP) grant - Only available to domestic undergraduate students who meet the criteria specified on earlier slides - Will be advised with offer if NCP grant awarded • Applicants not eligible for NCP funding can apply for a Melbourne Mobility Award
Past Student Experience David Spencer & Eliza Hargreaves Summer 2019
Questions ?? IBUS20007 - Summer 2020 Delhi - INDIA 15
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