Argentina : Entrepreneurship and Micro-Finance in Emerging Economies
Experience vibrant Buenos Aires, the capital and largest city of Argentina! This new faculty-led study abroad program was created specifically to provide an opportunity to students of the Financial Analyst Honors Program (FAHP) to travel abroad and experience the world of business in Argentina. This optional week-long opportunity will allow you to have an accessible and affordable education abroad experience, albeit for a short period, without compromising the academic time frame of the FAHP.
*Program is subject to minimum enrollment.
Entrepreneurship and Micro-Finance in Emerging Economies: Spring Break in Argentina – This program, in Buenos Aires, Argentina, is an optional 1-credit add-on to the UAlbany FIN400 course. This program will allow Financial Analyst Honors Program (FAHP) students to experience the world of business in an international context.
In today’s global economy, business people must understand the relationships, institutions, and environment that underlie international commerce. The primary objective of this course is to provide an introduction to the global economy that will help you be dynamic, flexible and effective in business – whether you actually work in a global corporation or not. It will also help you to be an educated citizen, understanding the complex issues impacting government policy and globalization.
This course is designed for you to learn through first-hand experience about the social, cultural, political and economic differences when conducting business in a country other than the United States. The course will require you to explore the challenges and opportunities provided by the multi-functional aspects of conducting business in an emerging economy pursuing a successful strategy of export-led growth as compared to a developed capitalist economy. You will learn first-hand about the business environment of Argentina at the macro-level as well as the business environment at the micro-level in certain industries. The topics of discussion will address both theoretical and practical dimensions of the global economy.
The course format involves traveling to Buenos Aires, Argentina to visit a few companies including small, private firms, large public corporations and non-government organizations. Course requirements include pre-program readings to get a macro-overview of Argentina, active and professional participation, a short quiz, group project analysis and report, and a final group presentation to non-participating class members and other faculty. The group project assigned will be related to the firms/sectors visited.
Using immersive and experiential learning techniques, you will learn:
• how the emergent development and expansion of Argentina confronts businesses with new opportunities for growth
• the complexities of managerial decision-making in global business
• how social, cultural and political expectations can affect managerial decisions
• how different ethical norms, business systems and economic conditions affect business
• how managers need to be adept at adapting their company’s strategies, finances, management and marketing to different institutional frameworks, especially in developing countries
• how managers can evaluate the benefits and challenges of new opportunities
• how managers evaluate strategic alliances, specifically, joint ventures
• how to meet professional standards of conduct, quality and skill in a developing environment
Please refer to the 2019 Syllabus for additional course information.
On-Site in Buenos Aires
Over seven days, you will be immersed in the multifaceted reality of Argentina. This provides you with the opportunity to develop cultural intelligence and reflect deeply on your understanding of global business management.
March 16: You will arrive in Argentina and the group will get acclimated to the environment together.
March 17: In the morning, you will enjoy a day trip to the countryside, an NGO visit, and a visit to the Nuestras Huellas site. In the afternoon, you will explore Argentinian culture while attending a Gaucho show.
March 18: You will attend an on-site orientation, two panel discussions, and interact with others at a group networking lunch. You will also have the opportunity to attend an optional cultural music concert.
March 19-22: You will visit several companies/institutions across Buenos Aires to learn from business managers. Prior to the visits, you will work in groups to make sure that the rest of the class has background information on the company/institution you are assigned, and deliver a 5 to 10 minute presentation on the company/institution. You will also prepare insightful, intelligent questions to ask the business managers, and take the lead in asking those questions during the company visit.
March 23: You will have some leisure time and a farewell lunch, then return to the U.S. Upon return from Argentina, you will have a final group presentation.
General Education Information for UAlbany Students
Credits earned on this program will automatically satisfy the International Perspectives requirement. No additional approval is required for you to earn these general elective credits.
Major/Minor Information for UAlbany Students
Courses may also satisfy major and minor requirements, upon approval by the department.
All courses taken abroad count towards UAlbany General Elective credits. Credits and grades will appear on your UAlbany transcript. You may file a request to have additional courses approved for equivalency as necessary.
This course is taught by Professor Rita Biswas, an associate professor of finance within the UAlbany School of Business. Professor Biswas is a frequent teacher in executive MBA programs worldwide, including at the Frankfurt School of Finance and Management, Bankakademie, Germany and at Universidad del Salvador, Buenos Aires, Argentina.
You will reside at the Cyan Hotel de Las Americas in Buenos Aires. More information about the accommodations will be provided at the pre-departure orientation.
Breakfast daily is included in your hotel. Some lunches and dinners are included as part of the program.
Academic Year 2018/19
Estimate of Costs
The Spring Break 2019 Estimate of Costs forthcoming.
Click for more information on Program Costs and Financial Aid.
Remember to speak with the Office of Financial Aid at your home campus to determine how your aid package could apply towards your program abroad.
This study abroad program is only open to all students majoring in FINANCE. You must be in good academic and judicial standing to apply.
Experiential learning plays a critical role in your program experience. As part of the course, you will participate in local business and non-profit site visits*, as well as cultural excursions.
Excursions and Activities**
• Day trip to the countryside
• NGO visit
• Visit to Nuestras Huellas site
• Gaucho show
• Teatro Colon Classical Music Concert (optional)
• Globant/Gi Fly/IBM visits
• Trideo/BlueSmart/YPF visits
*Most excursions are a mandatory part of the program and specific destinations may vary by availability.
**Schedule is tentative and subject to change
Most financial aid and academic awards will apply to semester programs.
External scholarships, listed on our website, are a good way to partially fund your study abroad experience. In addition, the Center for International Education and Global Strategy offers two scholarship programs for UAlbany students studying abroad on UAlbany or 4-year SUNY programs.
More information on applying to these scholarships is located on the Scholarships web page.
“As a graduate of both UAlbany and NYU, I can attest to the value of short-term working programs that the top business programs use. Through NYU’s Stern School of Business, I traveled to both Europe and Asia to experience a highly coordinated and relevant itinerary, meeting with investment banks, regulators, and corporations that enhanced the classroom experience immeasurably. The global perspectives and real-time interactions that linked to what we were learning about continue to influence my decisions today. UAlbany students, my advice: embrace these kinds of experiences and go!”
-Josh Landau ’95, Managing Director, Fifth Third Bank
About the City
Argentina has always been heavily pulled towards its sophisticated capital, Buenos Aires. Often referred to as “the Paris of South America”, Buenos Aires flaunts its European heritage with its grand boulevards and impressive architecture. Home to immigrants who never returned “home”, the people of Buenos Aires or “porteños” are in love with theater, beef, public debate, and the spectacle of politics.
A valid passport is required to participate in this program. . If you are a U.S. citizen, you are not required to obtain a visa in order to participate in this program.
For all other nationalities, please check with your government and the Consulate General of Argentina to determine whether you are required to obtain a visa for this program.
More information regarding the visa application process is available upon acceptance to the program.
Applications become available online one semester before the program start date, based on the following timeline:
- Spring/Winter/Spring Break programs: July
Academic Year 2018/19
Spring Break 2019
03/16/2019 to 03/23/2019
Friday, March 15: Depart from the U.S.
March 16: Arrive in Argentina
March 16-22*: On-site Experience in Argentina
Saturday, March 23: Return to the U.S.
2019 Program Schedule forthcoming.
*Schedule is tentative and subject to change
OPTIONAL GROUP FLIGHT
It is strongly recommended that you purchase a seat on the same round-trip flights as the group. Your instructor will accompany the group on these flights and coordinate taking you to your housing. More information regarding the recommended flights will be available upon acceptance.
INDEPENDENT FLIGHT ARRANGEMENTS
If you choose to take different flights than those recommended for the group, be sure to contact UAlbany before you leave to let us know whether you plan to meet the group at the airport in Buenos Aires. If you do not take the flight with the group, you will NOT be met at the airport in Buenos Aires and you must make your own arrangements (at your own expense) to meet up with the group. You should plan to be in Buenos Aires on the date the group arrives. This is considered the beginning date of the program. If you are traveling beforehand, be sure to give yourself enough time to get to Buenos Aires by the arrival date.
About the Program
This education abroad experience is an optional complement to UAlbany’s FIN400: Financial Case Problems course.
Throughout the stages of the experience, you will work towards the following learning outcomes:
• Developing Cultural Intelligence
• Expanding business skills in an international context
• Broadening networks
• Exploring innovative solutions to complex problems
While in Argentina, you will be immersed in the multifaceted reality of your host city, giving you the opportunity to develop cultural intelligence and reflect on both yourself and your understanding of global business management. During the program you will learn from senior leaders from organizations such as IBM, Trideo, and BlueSmart, to name a few!
Upon acceptance to the program, you will be required to attend a mandatory pre-departure orientation. During this time, you will have the opportunity to meet other program participants, discuss in-depth the details of your program, and prepare of the overall education abroad experience. The spring break pre-departure orientation will be conducted in February.
You will also have an on-site orientation upon arrival to your host country.
Your faculty leader is responsible for guiding all aspects of the program and will be available throughout the on-site portion of the course to manage any concerns or questions you may have while abroad. The faculty leader will accompany you on all program activities and outings.
UAlbany’s Office of Education Abroad staff assists you during the application process, in your preparation to travel abroad, and on-site if necessary.