Docsity
Log inSign up
Docsity
Prepare for your exams
Prepare for your exams

Study with the several resources on Docsity

Earn points to download
Earn points to download

Earn points by helping other students or get them with a premium plan

Guidelines and tips
Guidelines and tips
Sell on Docsity
Sell on Docsity
Log inSign up

Prepare for your exams

Study with the several resources on Docsity

Find documents

Prepare for your exams with the study notes shared by other students like you on Docsity

Search Store documents

The best documents sold by students who completed their studies

Search through all study resources
Docsity AINEW

Summarize your documents, ask them questions, convert them into quizzes and concept maps

Explore questions

Clear up your doubts by reading the answers to questions asked by your fellow students

Earn points to download

Earn points by helping other students or get them with a premium plan

Share documents
download point icon20 Points

For each uploaded document

Answer questions
download point icon5 Points

For each given answer (max 1 per day)

All the ways to get free points
Get points immediately

Choose a premium plan with all the points you need

Study Opportunities

Choose your next study program

Get in touch with the best universities in the world. Search through thousands of universities and official partners

Community

Ask the community

Ask the community for help and clear up your study doubts

University Rankings

Discover the best universities in your country according to Docsity users

Free resources

Our save-the-student-ebooks!

Download our free guides on studying techniques, anxiety management strategies, and thesis advice from Docsity tutors

From our blog

Exams and Study
Go to the blog

Master of Finance and Master of International Business, Slides of International Business

Claremont Graduate UniversityInternational Business

BUSINESS. MOVED: The Board hereby approves the application of Hult International. Business School, Inc. to offer the Master of Finance and.

Typology: Slides

2021/2022

Uploaded on 09/12/2022

eekanath
eekanath 🇺🇸

4.7

(18)

271 documents

1 / 10

Toggle sidebar

This page cannot be seen from the preview

Don't miss anything!

bg1
1
BOARD OF HIGHER EDUCATION
REQUEST FOR COMMITTEE AND BOARD ACTION
COMMITTEE:
Assessment and Accountability
NO.:
AAC 11-04
COMMITTEE DATE:
October 28, 2010
BOARD DATE:
November 4, 2010
APPLICATION OF HULT INTERNATIONAL BUSINESS SCHOOL, INC. TO
AWARD THE MASTER OF FINANCE AND MASTER OF INTERNATIONAL
BUSINESS
MOVED:
The Board hereby approves the application of Hult International
Business School, Inc. to offer the Master of Finance and
Master of International Business.
Authority:
Massachusetts General Laws Chapter 69, Section 30 et seq.
Contact:
Dr. Francesca Purcell, Associate Commissioner for Academic
and P-16 Policy
pf3
pf4
pf5
pf8
pf9
pfa

Partial preview of the text

Download Master of Finance and Master of International Business and more Slides International Business in PDF only on Docsity!

BOARD OF HIGHER EDUCATION

REQUEST FOR COMMITTEE AND BOARD ACTION

COMMITTEE : Assessment and Accountability NO .: AAC 11-

COMMITTEE DATE: October 28, 2010

BOARD DATE: November 4, 2010

APPLICATION OF HULT INTERNATIONAL BUSINESS SCHOOL, INC. TO

AWARD THE MASTER OF FINANCE AND MASTER OF INTERNATIONAL

BUSINESS

MOVED : The Board hereby approves the application of Hult International

Business School, Inc. to offer the Master of Finance and

Master of International Business.

Authority: Massachusetts General Laws Chapter 69, Section 30 et seq.

Contact: Dr. Francesca Purcell, Associate Commissioner for Academic

and P- 16 Policy

INTENT

Hult International Business School, Inc., a New England Association of Schools

and Colleges-accredited, independent institution located in Cambridge,

Massachusetts, filed articles of amendment to offer a Master of Finance (M.Fin.)

and Master of International Business (M.I.B.). Hult has current approval to offer in

Massachusetts the one-year Master of Business Administration (M.B.A.). Hult's

petition to offer the two proposed programs in Boston—which are currently

offered in its London location—is consistent with the institution’s global mission.

Hult offers these degrees as well as the Master of Digital Marketing and post-

graduate diplomas in several locations outside of Massachusetts including

London, Shanghai, Dubai, and San Francisco.

The intent of the proposed M.I.B. program is to provide students new to the field

of business a pedagogical foundation in international business as well as basic

business skills and training. The proposed M.Fin. program is intended to

leverage a student’s existing business training and knowledge and prepare them

for employment in the global financial sector. Students entering the M.Fin. will be

required to have an M.B.A. or a baccalaureate degree with a concentration in

finance or economics and finance-related work experience. Students graduating

from this program will be proficient in global trading, financial instruments, and

portfolio management. Both proposed degrees target international students.

Despite the global recession and challenges in the financial sector, the demand

for business education and the desire for specialization have remained relatively

strong. Utilizing job growth projections of the U.S. Department of Labor, it is

anticipated that the demand for professionals trained in business and finance will

grow 10.4% between 2006 and 2016.

INSTITUTIONAL OVERVIEW

The institution was originally incorporated in Massachusetts as Arthur D. Little

School of Management in 1997, as a division of the management consultancy of

Arthur D. Little. The institution primarily focused on providing management

training to employees of the firm’s clients. As the consultancy business declined,

so did student enrollments. The support from Arthur D. Little ended in 2002,

whereupon Kaplan, Inc. overtook financial backing of the institution, and the

Board approved the institution’s request to change its name to the Concord

School of Management and to re-title the degree of Master of Science in

Management to the one-year academic degree of Master of Business

Administration. It was Kaplan’s intent to turn the school into an online program.

However, when accreditation approval for this plan was denied, Kaplan withdrew

support. In 2003, the institution found a new benefactor, Bertil Hult, the founder

of EF Education First. In the same year, the Board approved another name

change of the institution to its current name of Hult International Business

School, Inc.

Projected Enrollments

Hult anticipates a first-year total enrollment of 100 additional full-time students for

both proposed programs. Besides recruiting international students directly to the

proposed M.Fin., Hult anticipates an internal demand for the program from its

current M.B.A. students who are interested in finance specialization.

Proposed M.Fin.

# of Students

Year 1

# of Students

Year 2

# of Students

Year 3

# of Students

Year 4

New Full Time 40 50 60 65

Proposed M.I.B.

# of Students

Year 1

# of Students

Year 2

# of Students

Year 3

# of Students

Year 4

New Full Time 60 100 120 140

Current Tuition and Fee Charges

Current tuition and fees charges for the M.B.A. (57 credits) is $60,600. The

proposed tuition and fees for both proposed programs (36 credits) is

approximately half of this amount at $32,850.

Curriculum (Attachment A)

Both proposed programs will utilize Hult’s existing case method teaching style to

deliver curricula. The M.I.B. program (36 credits) will be completed in 12 months

over four modules. Assuming that M.I.B. students will have had little or no

business experience and course work, the proposed program requires a three

week term of prerequisites courses, entitled “the toolbox” consisting of 60 contact

hours.

The M.Fin. is designed as a 12-month program to be completed over three

modules (September through August) for a total of 36 credits. Current M.B.A.

students would have the option of satisfying up to 12 required M.Fin. credits with

M.B.A. courses.

RESOURCES

Faculty and Staff

Five current, full-time M.B.A. faculty will teach in one or both of the proposed

programs. Two of these faculty members will act as student advisors for the

proposed program: one for the proposed M.Fin. and the other for the proposed

M.I.B..

The majority of the faculty will be comprised of adjuncts, many of whom hold full-

time faculty appointments at other Boston-area institutions. Many faculty

members also commit to teach at Hult’s other locations outside the United

States. The program will be directed by current administrative staff.

Facilities and Library and Information Technologies

The program will be offered on the ground at Hult’s campus in Cambridge,

Massachusetts. Both proposed programs will utilize existing library and

information technology resources and facilities. Neither program will be offered

on line; however, students may have the opportunity to take courses at satellite

campuses in London, China, San Francisco, and Dubai.

Fiscal (Attachment B)

Hult has detailed enrollment projection income and dedicated program expenses

for the first four years of the programs.

EVALUATION

The proposed program was reviewed May 16-18, 2010 by a visiting committee

comprised of faculty members Robert M. Brown, R. B. Pamplin Professor and

Department Head, Department of Accounting and Information Systems, Virginia

Polytechnic Institute and State University; Sue Newell, Cammarata Professor of

Management, Bentley University; and Ben S. Branch, Professor of Finance,

University of Massachusetts Amherst. The committee made several suggestions

for improvement within the areas of planning and evaluation, faculty, financial

resources and the academic program. Because the proposed programs will be

taught primarily by part-time instructors, the committee indicated potential

challenges with developing effective oversight of the program which is necessary

to ensure program quality. The committee asked for further clarification of

academic oversight and program evaluation, and suggested increased reliance

on full-time faculty, as well as further refinement of budgeting to reflect all

resources necessary to mount the proposed programs. The design of the

academic program of both programs was also a source of comment. The original

proposal designed the M.Fin. as a six-month program; however, the committee

advised the school to expand the program to 12-months to be consistent with the

ATTACHMENT A: CURRICULUM

Master of Finance Curriculum Outline

Required (Core) Courses in the Major (Total # core courses = 8)

Course Number

Course Title Credit Hours

MF 501 Ethical Practice in the Financial Sector 3

QTM 501 Quantitative Methods * 3

MF 502 Financial Institutions 3

MF 503 Corporate Finance* 3

MF 504 Capital Markets 3

MF505 Analysis and Valuation 3

MF506 Investment Management 3

MF 507 Global Trading Seminars 3

Sub-total Required Credits 24

Elective Courses (Total # electives = 4 )

MF 508 Mergers and Acquisitions* 3

MF 509 Options, Futures, Derivatives* 3

MF 510 Alternative Investment Strategies 3

MF 511 Financial Economics 3

MF 512 Portfolio Management 3

MF 513 Real Estate Finance 3

MF 514 Internship 3 or 6

Sub-total Elective Credits 12

Curriculum Summary

Total number of courses required for the degree 12

Total credit hours required for degree 36

Prerequisite, Concentration, Dissertation or Other Requirements:

B.A./B.S. in Finance or Economics with Concentration in Finance, 3-years of related

experience, M.B.A. or M.B.A. Candidacy

*Could be Waived with M.B.A. Course Credits

Master of International Business: Curriculum Outline

Required (Core) Courses in the Major (Total # of core courses=11)

Course Number Course Title Credit Hours

Toolbox

TBX50 1 Basic Accounting and Finance 0

TBX502 Business Math 0

TBX503 Principles of Economics 0

TBX504 Presentation and Team Building 0

TBX505 Case Methods 0

Module A

M.I.B. 501 International Accounting 3

M.I.B. 502 International finance 3

M.I.B. 503 International Marketing 3

M.I.B. 504 Global management 3

Module B

M.I.B. 505 Global Operation 3

M.I.B. 506 Consulting Methods 1

M.I.B. 507 Project Management 1

M.I.B. 508 Global Citizenship 2

M.I.B. 509 IT for Business Managers 2

M.I.B. 510 Global Strategy 3

Module D

M.I.B. 511 Action Learning Project (ALP Capstone Course is a

required course)

Sub-total Required Credits 27

Elective Courses (Total # of electives=3)

Module C Two courses are required from Module C.

M.I.B. 512 Elective 1: Supply Chain Management 3

M.I.B. 513 Elective 2: Negotiation 3

M.I.B. 514 Elective 3: Service Operation 3

M.I.B. 515 Elective 4: Management Practice 3

M.I.B. 516 Elective 5: National Strategy and Global Economy 3

Module D One course is required from Module D.

M.I.B. 517 Elective 6: Global Positioning Strategy 3

M.I.B. 518 Elective 7: Real Estate Finance 3

M.I.B. 519 Elective 8: Management Communications 3

Sub-total Elective Credits 9

Curriculum Summary

Total number of courses required for the degree 14

Total credit hours required for degree 36

Prerequisite, Concentration, Dissertation or Other Requirements:

Bachelor’s degree or equivalent

Be 21 years or older

MFIN Income/Expense

Credit Hours Taught

  • Entering Students
  • Cohorts - 282,000 470,000 564,000 658,
    • 1,830,000 3,050,000 3,660,000 4,270,
  • Scholarships -366,000 -610,000 -732,000 -854,
    • 1,746,000 2,910,000 3,492,000 4,074,
  • Administrative Staff 150,000 165,000 165,000 200,
  • Full-time Academic Staff 41,102 82,203 164,407 246,
  • Ajunct faculty costs 405,000 780,000 630,000 885,
  • Classroom rent 70,000 140,000 140,000 210,
  • Career Services & Student Event cost 55,000 60,500 66,550 73,
  • Campus Management 220,000 220,000 220,000 220,
  • Professional fees 42,000 42,000 42,000 42,
  • Other office costs 41,000 45,100 49,610 54,
  • Marketing, print, Web 450,000 750,000 900,000 1,050,
  • Overhead 137,000 137,000 137,000 137,
  • Total Expense 1,611,102 2,421,803 2,514,567 3,118,
  • Profit/Loss 134,898 488,197 977,433 955,
  • Tuition Fee 30,500 30,500 30,500 30,
  • Number of full-time faculty
  • Full-time faculty salary 129,600 129,600 129,600 129,
  • Number of MIB classes taught by full-time faculty
  • Number of electives offered
  • Average students/elective
  • Tuition Income Application Fees*
  • Entering Students
  • Cohorts - 100,000 125,000 150,000 162,
    • 1,220,000 1,525,000 1,830,000 1,982,
  • Scholarships -244,000 -305,000 -366,000 -396,
    • 1,076,000 1,345,000 1,614,000 1,748,
  • Administrative Staff 85,000 85,000 93,500 93,
  • Full-time Academic Staff - 41,102 82,203 123,
  • Ajunct faculty costs 270,000 255,000 270,000 300,
  • Classroom rent 70,000 70,000 70,000 100,
  • Career Services & Student Event cost 45,000 49,500 54,450 59,
  • Campus Management 150,000 150,000 150,000 150,
  • Professional fees 35,000 35,000 35,000 35,
  • Other office costs 25,000 27,500 30,250 33,
  • Marketing, print, Web 330,000 363,000 399,300 439,
  • Overhead 90,000 90,000 90,000 90,
  • Total Expense 1,100,000 1,166,102 1,274,703 1,424,
  • Profit/Loss -24,000 178,898 339,297 324,
  • Tuition Fee 30,500 30,500 30,500 30,
  • Number of full-time faculty
  • Full-time faculty salary 129,600 129,600 129,600 129,
  • Number of classes taught by full-time faculty
  • Number of electives offered
  • Average students/elective
  • Tuition Income Application Fees*