IBUS 6997: (MILI) Global Medical Valuation LabGraduate Global Enrichment in Stockholm, Sweden
Pre-departure class sessions occur during Spring Term B (specific day/time TBD). Minneapolis pre-departure classes will be scheduled to run concurrently with classes at the Stockholm School of Entrepreneurship.
Due to continued uncertainty around covid-19, travel in spring 2021 has been canceled. More details will be forthcoming regarding class meeting times; students should plan for 10 days in May 2021 of intensive virtual meetings with partners in Europe in addition to B-term class sessions.
*Note: Due to cancellation, the cost of participation will amount to 4 course credits only, no program fees will be charged.
Innovations in medical technologies are one of the leading areas of economic growth in the world. Whether new technologies take the form of pharmaceutical, medical device, biotechnology, information technology of some combination of these innovations, the opportunities for both private enterprise and social welfare are substantial. However, these innovations are not without cost, and require reimbursement from either a privately or publicly financed health care delivery system to enter the marketplace. Thus, the strong demand for the valuation of new medical technologies continues to grow due to the confluence of an aging society seeking new therapeutic agents to enhance health and productivity and unyielding medical care price inflation.
This course is offered in collaboration with Stockholm School for Entrepreneurship (SSES) and Karolinska Institute in Stockholm, Sweden. The program is a mix of class sessions, research, site visits, and group work. This lab is geared to provide participants with an opportunity to work in cross cultural teams with students the Stockholm School of Entrepreneurship on a valuation project.
The course is designed to: increase students ability to work in diverse teams; help students develop a more robust understanding of how to evaluate a new technology or service from a global perspective; and increase students tolerance for working through ambiguous situations.
Students participating in this class gain resume quality experience working on live project, increase their knowledge of the business environment in Northern Europe, and develop life-long friendships with fellow students from Carlson School and SSES.
This immersion portion of this class will take place in Stockholm, the capital of Sweden. The city of almost 1 million is the cultural, media, political and economic center of the country. It is located on Sweden's southeast coast on the Baltic Sea. The city is home to major Swedish banks and insurance companies, as well as famous clothes retailer H&M.
The Stockholm School of Entrepreneurship (SSES) is a collaboration between Stockholm’s top five schools. They were established to provide the member schools’ students with education, training and inspiration in applied entrepreneurship.
Students are housed at a conveniently-located hotel 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 a closing dinner are provided.
- Four graduate elective credits
- Grading is A-F basis
This program is open to Carlson School graduate students in good academic standing, with a minimum 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.
To apply, please complete this Google Form. The priority application deadline is December 1. Applications will still be accepted on a space available basis after the priority deadline until the class is full. Applications will be reviewed and students will be informed of their status within 4 weeks of the priority deadline.
Most financial aid may be applied to study abroad. University of Minnesota students are eligible for education abroad scholarships. Please see Financial Aid and Scholarships webpages for more information including deadlines.
**Please note that scholarships are not available for May 2021 as no program fee will be collected without travel.
- The program is open to University of Minnesota graduate students.
- Classes during the international component of the course will be a mix of students from the Stockholm School of Entrepreneurship and the University of Minnesota.
Cost Estimate (Summary)
Fees are based on estimates and may change due to international economic factors. This information applies to 2019-2020 programs.
*Calculated based on the estimated PTMBA tuition rate. Students enrolled in another degree program will be charged the tuition rate for four credits associated with their degree program. Please see One Stop for more information about tuition and fees or contact us with questions.
|Tuition for Four Academic Credits (not including collegiate, graduate student assembly, or transportation fees)*||$6,140|
|Program Fee (includes program administration, international health insurance, housing, some meals, course materials, transportation between program cities and site visits)||$2,600|
|International Airfare between Minneapolis and Stockholm, Sweden||$1,800|
|Passport and Visa expenses (based on prices for U.S. citizens)||$145|
|Daily Living Expenses (includes incidentals, local transportation, and other expenses not covered by the program fee)||$400|
|Meals not covered in the program fee (most lunches and dinners)||$600|