Institute for International Business

International Program in Argentina & Chile

Travel Dates: January 3-10, 2012

NOTE: Students need to arrive in South America on January 4. For most flights, this will require a January 3 departure from the United States. Students will return to the United States on January 11 on an overnight flight that will arrive back in the United States on January 12.

Chile is recognized for having one of the world's most open economies. The country is trade progressive, with the most bilateral trade agreements out of any country in the world and a democratic government well-respected globally. Chile is the fourth largest exporter of wine, #1 producer of the world's copper, and home to the acclaimed Best City for Business in Latin America: Santiago. Past year's trip to Chile included speakers from and visits to the mining industry, banking industry, micro-finance industry, New Balance, Deere and Co., U.S. Embassy, container terminal, and more. Santiago is bustling with little damage from the earthquake so we are confident the trip will not be blemished. January is summertime for Chile. Buenos Aires, Argentina, offers an opportunity to observe the differences in economies. While Chile focuses much of its effort on building a strong export strategy worldwide, Argentina focuses slightly more on its larger domestic market and Brazil. Buenos Aires is a bustling city and will provide an opportunity to meet with top companies to provide a glimpse into their international success. The average high is 85 F and cool evenings usually averaging around 53 F.

Students in the Full-time MBA Program and the MBA for Professionals and Managers Program (MBA-PM) have the opportunity to travel to Argentina and Chile, this winter for an MBA course—6N:235 Seminar in International Business: Going & Growing Global in Latin America. The goal of this international educational experience will be to expose MBA students to international business issues with the focus on the economies of both these countries.

NOTE: Up to 40 spaces are available for this program. Twenty-five slots are reserved for MBA-PM students and 15 slots are reserved for Full-Time MBA students.

Required Predeparture Class Meeting (includes predeparture orientation)
Sunday, December 11, 2011
, 10 a.m.-4 p.m.
Location: Room C435 Pomerantz Center (PC), University of Iowa [View Additional Driving/Parking Directions]

Departure: January 3, 2012
Students will need to depart the United States on January 3 to arrive on January 4 (most flights are overnight flights). Students wishing to participate in a group transfer to the hotel from the airport will be given a time window in which to arrive.

Return: January 11, 2012
Students will depart in the late evening on January 11 and take an overnight flight to the United States, arriving back in the United States on January 12.

Program Fee: $2,300-$2,450 (exact price to be determined by October 1, 2011) (charged on November 2011 U-bill)

  • Program fee includes:
    • Hotel accommodations—7 nights;
    • Breakfasts (all), 2 lunches, and 2 dinners;
    • Transportation between Chile and Argentina;
    • Class session and orientation program in Iowa City, Saturday, December 11, 10 a.m.-4 p.m.;
    • Group transfers from airport to hotel, and from hotel to airport in global location (Students must arrive in Santiago within designated time window to take part in the group transfer from the Santiago airport to the hotel; Times will be provided later.);
    • Arrangements and transportation to/from all professional visits and cultural excursions;
    • Internal transportation (such as transportation between countries);
    • Classroom facilities;
    • Supplemental health insurance and assistance for international travel for the program's duration. (Note that students traveling outside of these program dates are not covered under this policy and are encouraged to arrange their own travel insurance to cover any independent travel dates.)

Other Costs:

  • Tuition
    • MBA-PM Students: $1,800 (charged on December 2011 U-bill)
    • Full-time MBA Students: Assessed as part of the 2011 fall semester tuition.
  • Airfare: $1,200-$1,600 (estimate)—arranged individually, NOT included in the program fee.
  • Single-Room Supplements: Students who elect to have a single room will have an additional $TBD added onto their program fee.
  • Visa and Entry FeesU.S. Citizens:
    • U.S. Entry Reciprocity Fee for U.S. Citizens Entering Argentina: $140 (approx.)
    • U.S. Entry Reciprocity Fee for U.S. Citizens Entering Chile: $131 (approx.)
    • No visa required for U.S. citizens to enter Argentina or Chile for purposes of this program.
  • Visa and Entry FeesNon-U.S. Citizens:
    • Non-U.S. citizens will need to check for any fees or visa requirements required for their respective countries.
    • These costs are not included in the program fee.
    • When needed, an official University of Iowa letter of intent can be provided.

Financial Aid:

  • Admitted students who are eligible for financial aid can receive aid (loans) for the following costs associated with this program:
    • tuition;
    • program fees; and
    • travel
  • If you plan to seek financial aid through the University of Iowa's Office of Financial Aid, you MUST notify Colleen Downie.

6N:235 Seminar in International Business: Going & Growing Global in Latin America
(3 semester hours)
Instructor: TBD

Course Expectations and Workload

Students are required to attend the December 11, 2011, predeparture class in Iowa City as well as all class meetings, professional visits, and other scheduled events while in South America.

A course syllabus and assignments will be posted later in the fall. Students will have assignments for this class that will be due prior to the December session and prior to departing for South America. These assignments will better prepare students for class discussions on December 5 and the professional visits in South America. In addition, a final project/paper/presentation will be due shortly after the students return to the United States.

For MBA-PM students: This 3-semester-hour course can be used as an elective or as a substitute for the 6N:223 Global Business Strategy core course.

This course is considered a Fall 2011 course.

Professional Visit/Tour Topics (View: Tentative Itinerary—subject to change):

  • International trade and commerce; impact of credit crunch on operations and reasons behind Chile's relative immunity in the face of international crisis
  • Importance of the mining and metals industry to Chile's economy; the effects of the drop in commodity prices on company growth and the adaptation of its strategy; discussion on sustainability in the natural resources industry; visit to copper refinery
  • Export and marketing strategy worldwide and overview of the wine making process facilities and product
  • Marketing strategy and cultural differences between the United States and the Latin America market; what gives a company its competitive edge against its rivals
  • Agribusiness in South America
  • Cross-cultural consumer behavior and branding for societies with lower GDP
  • Chile's social gaps, real, class mobility, challenges of managing a nonprofit organization in South America
  • Chile's economic and political climate
  • Cultural Exploration—Andes Mountains and Maipo Canyon

Santiago Hotel: Atton El Bosque (Tentative. If a hotel change is made, the substitute hotel will be of a similar class.)

Buenos Aires Hotel: Hotel Madero (Tentative. If a hotel change is made, the substitute hotel will be of a similar class.)

Program fee provides double-occupancy hotel accommodations. Single rooms are available with an additional supplement of $TBD, which will be added to your program fee.

Step IEMBARC Registration

Beginning Wednesday, September 28 at 8 a.m., make your registration request for this course using EMBARC.

Step IISubmit MBA-PM Application Packet:

Submit the MBA-PM Application Packet by October 4, 2011. (See page 3 of the Argentina-Chile Application Form for directions on how to submit your application.)

NOTE: If you are unable to meet the October 4 deadline, please email Colleen Downie.

Packet includes:

  • MBA-PM Argentina-Chile Application Form (3 pages)
  • Conditions of Participation (2 pages)
  • Medical Assessment Form (2 pages)
  • UI Medical Insurance Form (1 page)
  • Program Academic & Disciplinary Regulations (2 pages)
  • Copy of your passport photo page

LIMITED SPACING: There are f40orty slots available for this program of which 25 spaces have been reserved for MBA-PM students. If the number of applications exceed the number of spaces available, a lottery will be held.

Step ISubmit Full-time MBA Application Packet

Submit Fullt-ime MBA Application Packet by October 4, 2011. (See page 3 of the Argentina-Chile Application Form for directions on how to submit your application.) Packet includes:

  • Full-time MBA Argentina-Chile Application Form (3 pages)
  • Conditions of Participation (2 pages)
  • Medical Assessment Form (2 pages)
  • UI Medical Insurance Form (1 page)
  • Program Academic & Disciplinary Regulations (2 pages)
  • Copy of your passport photo page

LIMITED SPACING: There are 40 slots available for this program of which 15 spaces have been reserved for Full-time MBA students. If the number of applications exceed the number of spaces available, a lottery will be held.