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Course Catalog

Detailed Information

Programs of Study

The Fisher International M.B.A. Program at the Monterey Institute of International Studies prepares professionals to operate successfully in the global business environment of the twenty-first century. Students from around the world choose this M.B.A. program because they are interested in international business ventures. The School’s diverse student body, of which 50 percent is international students and 50 percent is women, as well as its 10:1 student-faculty ratio, makes this M.B.A. program unique and highly personalized.

The Fisher International M.B.A. Program is located in the heart of California’s beautiful central coast and only a short driving distance away from San Francisco and Silicon Valley. The School’s strategic location and its ranking as one of the top M.B.A. programs in the United States for entrepreneurs is a very attractive mix for prospective M.B.A. students.

The Fisher M.B.A. program offers diverse course work to assist students in developing the skills needed for today’s business world. All students enroll in the international business core classes, comprised of International Organizational Behavior, Global Business Strategies, and the capstone, the International Business Plan. These courses build cross-cultural competency and an entrepreneurial mindset in graduates. Cross-cultural perspectives are integrated throughout the curriculum, and students customize their programs with multiple language courses and electives.

Depending on students’ background and experience, they may pursue one of several tracks in the Fisher M.B.A. program, described below.

The traditional two-year M.B.A. program is designed for students from nonbusiness undergraduate programs looking to transition to business management opportunities. Students enroll in core business courses during the first two semesters, exploring key business functions. During the second year of the program, students apply these core skills to electives and the International Business Plan project.

An advanced entry M.B.A. program is available for applicants with undergraduate degrees in business, significant business experience, and high-level language skills.

The Peace Corps Master’s International (PCMI) program is offered in conjunction with the U.S. Peace Corps. Students may pursue a PCMI program in either the two-year or advanced entry track. Students attend two or three semesters on campus and complete the International Business Plan. Then they complete a twenty-seven-month assignment with the U.S. Peace Corps during which they apply the M.B.A. curriculum to business and economic development opportunities in countries around the globe. Students return to campus for a final semester to complete a Business Development Project which ties their M.B.A. curriculum to a business-related aspect of their Peace Corps assignment.

Dual degree programs allow students to pursue a second master’s degree by combining the M.B.A. curriculum with course work from international policy studies, international environmental policy, international trade policy, or translation localization management. Dual degree programs require careful planning and integration of courses from both programs in order to be completed within six semesters.

M.B.A. specializations are for students who want to pursue a graduate degree in order to develop their resume, build networks, gain new skills, and position themselves for career development and advancement. The M.B.A. program provides a wealth of opportunities to help with these goals. Students may design specialization tracks showcasing significant course work, projects, internships, and activities based around their topic area. Students may choose from the following list of specializations or design their own: entrepreneurship, international marketing, international finance, international trade management, international environmental management, globalization/localization management, corporate social responsibility/business sustainability, public and nonprofit management, global business management, or regional business emphases.

Research Facilities

The Center for Globalization and Localization of Business Exports (GLOBE) provides education, consulting, and research in the area of business globalization and localization, including the development of business plans and assessment of a company’s globalization or localization needs. The Center for East Asian Studies sponsors research on the geopolitical and international issues in East Asia, including trade, investment, migration, and natural resource development. The Center for Russian and Eurasian Studies is focused on the political, social, and cultural developments in Russia and the newly independent states, including negotiating behavior, arms control, security issues, and nuclear regionalism.

The William Tell Coleman Library includes 95,000 volumes, more than 500 print periodicals, over 50 online databases, more than 400 academic journals, about thirty-five newspapers, and approximately 15,000 electronic books. One third of the collection is in languages other than English.

Innovative and challenging curricula at the Institute require appropriate facilities and cutting-edge technology. Classrooms vary in size from large halls, where plenary sessions with simultaneous interpretation can be held, to smaller classrooms and labs befitting seminar-style classes for 5 to 15 students.

The Max Kade Language and Technology Center is a fully equipped language-learning center. It provides multimedia classrooms and conference rooms with state-of-the-art technology, including a multimedia resource center and the campus Teaching and Learning Collaborative.

In addition to numerous computer labs, the campus is fully wireless. Every student is encouraged to have a personal laptop computer adapted for wireless connectivity.

Financial Aid

Candidates with a minimum grade point average of 3.3 on a 4.0 scale (or equivalent) are considered for merit scholarships that range from $4000 to $15,000. Veterans of military service or orphans/dependants of veterans may be eligible for veteran’s benefits. The Monterey Institute Grant is awarded to students demonstrating exceptional financial need who do not qualify for merit scholarships. Other scholarships may be awarded by outside foundations.

Under the Federal Stafford Loan Program, students may borrow up to $8500 in subsidized loans or $20,500 in unsubsidized loans, less any subsidized amount. Graduate PLUS Loans cover the cost of attendance minus other financial aid resources. The Federal Work-Study Program allows students to work up to $4000 per academic year, working a maximum of 20 hours per week.

Cost of Study

Tuition and fees for 2009–10 are $31,056.

Living and Housing Costs

The estimated variable expenses for books, supplies, housing, food, location transportation, personal expenses, and health insurance is $17,592.

Student Group

The Fisher International M.B.A. Program is characterized by its diverse student body–50 percent are international students and 50 percent are women. Fisher M.B.A. students have a broad range of previous work experience; they include software engineers, entrepreneurs, linguists, nonprofit managers, accountants, former Peace Corps volunteers, and many others. As a microcosm of the world, the School is the ideal setting for aspiring business executives to acquire the skills necessary to succeed in today’s complex, cross-cultural business environments.

Student Outcomes

Fisher alumni have built careers in every corner of the business world and are involved in key emerging markets. Nearly half of all recent graduates work in finance and accounting, and a quarter of them work in marketing and sales. Other career tracks pursued by Fisher M.B.A. graduates include consulting, international management, and entrepreneurship. The top employers of Fisher graduates include: HSBC, HP, Fujitsu, IBM, Intel, Microsoft, Deloitte & Touche, Accenture, Adobe Systems, and Cisco Systems.

Location

The Monterey Institute is situated in one of the most spectacular natural environments in the world. The Monterey Peninsula is 130 miles south of San Francisco, on California’s central coast, surrounded by ocean and mountains. Silicon Valley is only a short drive away. With a population of 100,000, the area combines a variety of rich cultural resources and agricultural activities.

The Institute

Established in 1955 with summer classes in language and culture, the Monterey Institute of Foreign Studies was the first institute dedicated to the then-revolutionary concept that a living language should be taught as such: French in French, German in German, etc. Year-round degree programs began in 1961. By 1979, the Institute had grown to international distinction and was renamed the Monterey Institute of International Studies.

The Monterey Institute is an affiliate of Middlebury College. Founded in 1800, Middlebury is one of the country’s top liberal arts colleges. It offers students a broad curriculum embracing the arts, humanities, literature, foreign languages, social sciences, and natural sciences. The affiliation further enriches the curriculum, creates a bicoastal presence, and offers valuable connections to build greater global connection.

The Fisher International M.B.A. Program at the Monterey Institute of International Studies has been providing M.B.A. degrees with an international emphasis for over thirty years. The Fisher International M.B.A. Program is accredited by AACSB International, the premier accrediting agency for schools of business. For the past three years, the Princeton Review and Entrepreneur magazine have ranked Fisher as one of the top graduate schools committed to success in entrepreneurial endeavors.

Applying

Prospective students must submit a completed application form, a statement of purpose of no more than 600 words stating career objectives, a current resume or curriculum vitae, official transcripts from all colleges previously attended, two letters of recommendation, GMAT score, and a nonrefundable $50 application fee.

International students should apply three months before enrollment. For the two-year M.B.A. program, the minimum scores for TOEFL are: 550 for paper-based test (PBT), with 4.0 for the test of written English; 213 for computer-based test (CBT), with 4.0 for the test of written English; 80 for Internet-based test (iBT), with 23 for the test of written English, and no other subscore below 19. The minimum score for IELTS is 6.5 overall with no subscore below 6.0 on the Academic module. The one-year Advanced Entry M.B.A. Program requires minimum TOEFL scores of 600 (PBT), 250 (CBT), and 100 (iBT); the IELTS minimum scores required are 7.0 overall and 7.0 on listening and reading subscores, with no subscore below 6.5 on writing and speaking on the Academic module. .

The Faculty and Their Research

• Tobi Adams, Adjunct Professor; M.B.A., California State, San Bernardino. Market development, marketing communications, real estate marketing.
• Harvey Arbelaez, Professor; Ph.D., Temple. Business in Latin America, corporate finance, country analysis, currency substitution, foreign direct investment, international business planning.
• Herbert Aspbury, Adjunct Professor; B.A., Villanova. Cross-border leadership and management, international finance.
• Allan Bird, Adjunct Professor; Ph.D., Oregon. Cross-border leadership and management, global leadership, human resources management, Japanese business, leadership development.
• William Brooks, Adjunct Professor. Cross-border leadership and management, leadership development, management of product development, operations management, strategic planning.
• Canri Chan, Assistant Professor; Ph.D., Flinders (Australia). Financial and management accounting, international accounting.
• Michael Czinkota, Adjunct Professor; Ph.D., M.B.A., Ohio State. International business-to-business marketing.
• Eddine Dahel, Associate Professor; Ph.D., M.B.A., IIT. International supply chain management, logistics, management science, operations management.
• Vassilis Dalakas, Adjunct Professor; Ph.D., Oregon. Advertising, cross-cultural consumer behavior, international marketing, marketing communications.
• Kirsten Daniel, Visiting Professor; Ph.D., University of Birmingham, U.K. International economics.
• Ako Doffou, Visiting Professor of Finance; Ph.D. Georgia; M.B.A., INSEAD. International finance.
• Greg Elofson, Adjunct Professor; Ph.D., Arizona. Artificial intelligence, information technology strategy, object-oriented systems analysis and design.
• Ken Euske, Adjunct Professor; Ph.D., Arizona State; M.B.A., Dartmouth. Cost accounting, financial and management accounting, management information systems.
• John Jenkins, Professor Emeritus; D.Phil., Oxford (England). Business in Pacific Rim countries, entrepreneurship, international marketing, marketing communications.
• John Kim, Adjunct Professor. Cross-border leadership and management, Japanese business.
• Fredric Kropp, Associate Professor; Ph.D., Oregon. Entrepreneurship, international marketing.
• Steve Landry, Professor; Ph.D., M.B.A., Colorado at Boulder. Cost accounting, financial and management accounting, financial auditing, government and nonprofit accounting.
• Leonard Lane, Adjunct Professor; M.B.A., USC. Leadership development, organizational structuring, strategic planning.
• Janet Marks, Adjunct Professor; Ph.D., NYU. Anthropology, cross-cultural communication, leadership development, organizational behavior.
• Hillel Maximon, Adjunct Professor; M.B.A., NYU; CPA. Financial and management accounting, financial statement analysis, real estate finance.
• Hugh McAllister, Adjunct Professor; Ph.D., M.B.A., Rensselaer. Corporate finance, foreign direct investment, international capital markets, international finance.
• Kevin McGibben, Adjunct Professor; M.B.A. Arizona, Globalization/localization of products and services, global strategic development, international marketing, market development, strategic marketing.
• Robert McNab, Adjunct Professor; Ph.D., Georgia State. Economic theory.
• Lynn Metcalf, Adjunct Professor; Ph.D., South Carolina, International marketing.
• Thomas R. Moore, Adjunct Professor; Ph.D. Rochester. Information technology strategy, logistics.
• Joyce Osland, Adjunct Professor; Ph.D., Case Western Reserve; M.S.W., Washington. Cross-border leadership and management, cross-cultural communication, expatriate managers, global leadership, leadership development, organizational behavior.
• Ozgur Ozluk, Adjunct Professor; Ph.D., North Carolina at Chapel Hill, Operations management.
• R. Bruce Paton, Department Chair; Ph.D., USC; M.B.A., Stanford. Corporate social responsibility, environmental management, sustainability.
• David Roberts, Professor; Ph.D., USC. Economic theory, modeling and forecasting, monetary policy.
• Daniel Robin, Adjunct Professor; Berkeley. Corporate social responsibility, environmental management, information technology strategy, leadership development, sustainability.
• Ernest J. Scalberg, Professor; Ph.D., UCLA. Globalization/localization of products and services, global leadership, leadership development, organizational behavior.
• Ron Schill, Visiting Professor; Ph.D., Oregon; M.B.A., Utah. Global strategic development, international business-to-business marketing, international marketing, management of product development, marketing of high-tech products, strategic marketing.
• Yuwei Shi, Dean; Ph.D., Texas. Business technology management, global strategic development, strategic management.
• Dave Schiffman, Adjunct Faculty; M.S., Naval Postgraduate School. Operations management.
• Cary Simon, Adjunct Faculty; Ph.D., US International; M.B.A., Brenau. Cross-border leadership and management, leadership development, strategic planning.
• Luc Soenen, Adjunct Professor; D.B.A., Harvard. Corporate finance, foreign exchange management, international capital markets, international finance.
• Eli Zelkha, Adjunct Professor; M.B.A., Stanford. Market development, strategic management, venture capital.

Correspondence and Information

Monterey Institute of International Studies
Admissions Office
460 Pierce Street
Monterey, California 93940
Telephone: 831-647-4123
800-824-7235 (toll-free)
Fax: 831-647-6405
Email: admit@miis.edu