IBUS 4125: Global Banking post-Financial Crisis in Europe
Class Sessions: Mondays 1:45-3:25pm, B Term Fall 2019
Overseas Program: January 5-18, 2020
The purpose of this course is to provide students with an understanding of the functions of large, global banking organizations. We will start with a review of the impact of the financial crisis on the regulatory landscape, and identify some of the key differences between U.S., European, and Global regulatory frameworks. We will discuss the different business models adopted by banks in Europe compared to the United States. We will look at how those different business models are reflected in financial statements, and learn how to interpret bank financial statements through ratio analysis. Finally, we will discuss the impact of digital disruption, and how it is forcing banks to consider new strategic directions.
Students stay in conveniently-located hotels and will share a room with one or two classmates of their same gender. Because networking and community-building are key parts of the program, students will not have the option of a single room. Guests are not permitted during the program. Breakfast daily, a welcome dinner, and closing dinner are provided.
- 2 Finance (FINA) elective credits or 2 Finance & Risk Management elective credits
- A-F grading
This program is open to U of M undergraduate students in good academic standing, with a GPA of 3.0 at the time of application. The application process is competitive and space is limited. Meeting the minimum requirements does not guarantee acceptance.
Prerequisite: FINA 4121
U.S. citizens will need a valid passport to travel to Switzerland, France, and England. If you already have a passport, you need to check the expiration date and confirm that it is more than seven months after the program ends. If you do not have a passport, or your passport needs to be renewed, you will need to apply for one immediately upon confirmation.
A visa is a document that proves that travel into a particular country has been approved by their governing body. U.S. citizens do not need a visa for visits up to 90 days for tourism in Switzerland, France, and England. Non-U.S. passport holders should check with Switzerland's, France's, and England's consulates regarding visa requirements and fees. A consulate is a foreign government's official place of residence and representation in a foreign country. While consulates provide passports, birth registration, and many other services, they also have consular sections which issue visas for foreign citizens to visit, study, and work in their country. If you carry a passport other than a U.S. passport and are required to carry a visa into Switzerland, France, and/or England, you will be responsible for securing your visa; you will work closely with the Program Manager (Mary Krebs) to make sure you have any University-specific documentation that you need.
To apply, please visit the Apply page. Students will be charged a $50 application fee. The application cycle starts on March 1, 2019 and the priority deadline is April 1, 2019. Applications for programs that do not fill by the priority deadline will be accepted on a rolling basis until full. Applications will be reviewed and students will be informed of their status no later than May 1, 2019.
Up to 30 University of Minnesota undergraduate students.
Classes are Mondays from 1:45-3:25pm during B Term of Fall 2020. The pre-departure classes are a fundamental component of the curriculum. These pre-departure classes are partly discussion-based given the broad range of diverse and complex challenges faced in international business, and therefore the quality of the student experience is dependent upon all students attending and participating in the pre-departure classes.
In order to be eligible to participate in the international portion of this class, students must maintain satisfactory academic performance as determined by the instructor. If your academic performance prevents you from participating in the international component of the course, you will not receive a refund of the program fee. Please bring any concerns about this directly to the Program Manager (Mary Krebs).
The program starts with an orientation and welcome dinner in Zurich, Switzerland. The program will include a day trip to Basel, Switzerland, a weekend in Paris, a Walking Tour of London's Financial District, and business visits in all three cities, including visits to various banks.
Cost Estimate (Summary)
Fees are based on estimates and may change due to international economic factors. This information applies to 2019-2020 programs.
* Students should also maintain their U.S.-based health insurance plan while abroad.
** Costs are estimated for U.S. passport holders only. Non-U.S. passport holders should check with the Switzerland, France, and English consulates regarding the visa application process and costs.
All costs subject to change prior to departure.
|2019 - 2020 Tuition for 2 academic credits (included in the 13+ credit tuition plateau)||$0|
|Program Fee (including group international flight, lodging, program events, regional flight within Europe, breakfast daily, two group meals, and international health insurance*)||$5,500|
|International airfare from Minnesota to Switzerland and England to Minnesota (included in Program Fee, above)||$0|
|Hotel Accommodation (included in Program Fee, above)||$0|
|Passport and Photos**||$160|
|Daily Living Expenses (local transportation, incidentals, internet, laundry, etc.)||$400|
|Meals (lunch and dinners not included in Program Fee)||$600|