Master of Science in International Management

Why a MSc in International Management?

The Master of Science in International Management has been developed in response to the critical need to educate and prepare pragmatic, compassionate, and professionally adept international citizens.

The MSc in International Management seeks to provide graduates with the skills and knowledge to succeed in an increasingly fast-paced, highly competitive and complex world.

The program equips graduates with a valuable expertise in management, also providing them a substantive awareness on major global policy issues, which will enable them to follow a career in many sectors: international business, international organizations, press, foundations, but also NGOs, governmental agencies, etc.
This program is interdisciplinary and attracts students with very different backgrounds: business, political science, history, economics, etc. which turns the classroom into a very enriching place.
The choice of electives at the end of the last term enables students to focus on an area in which they express an interest.

Some of the projects organized for the Master in International Management students:

. A humanitarian project designed with the Monegasque Red Cross for the implementation of a dwell in Mali.
. Organization of a UN conference simulation (MUN) in Monaco (Full video) in partnership with the United Nations Regional Information Center, UNRIC, in Brussels. This event took place in Monaco in April 13, 2012, under the High Patronage of H.S.H. The Prince Albert II of Monaco.
. A study trip to Brussels to visit the European Institutions.
. Visit of multinational enterprises.
. Visit of Guest speakers who are experts in their field, coming from the World Bank, the United Nations, the Albert II Foundation, the Office of international Cooperation of Monaco, Ferrero Imprese Sociali, the Yunus foundation, and from various multinationals

Nicole Dong, Master in International Management (Global Affairs Class of 2011)
Account Executive, Ogilvy & Mather, Canada

The reason I chose the program is because it was able to merge my passion for humanities with my desire to learn more about business in a more natural way, versus studying for an MBA which contains more hard sciences.

I learned quite a lot academically - particularly pertaining to business acumen, but what I enjoyed most was meeting a wide variety of people and learning about their cultures. This can be applied to the workplace as any work environment can be extraordinarily diverse in people. For myself, in an international organization, it is also important to recognize and respect other cultures and that is a very important skill to develop in life.

Currently I'm working at an advertising agency (Ogilvy) for American Express in Canada. I work on the account side, so my role focuses on managing clients and projects, effectively communicating creative ideas between clients and my creative teams, and executing an assortment of communications materials (such as websites, emails, direct mail packs, new product launches, etc.).

Curriculum

The MSc in International Management curriculum consists of a first set of fundamental courses in international management

such as international economics, management and leadership, international marketing, accounting, human factors in organizations, followed by electives linked to global affairs or to international trade, and a capstone applied project that can take the form of an extended internship or a research thesis.

The Master of Science in International Management offers an interdisciplinary approach which ensures a thorough preparation of graduates to international management techniques, across a broad range of disciplines.

Inga Stasiulionyte, Master in International Management (Global Affairs Class of 2010)
General Manager, SIELAI, Monaco

IUM attracted me with its unique programs that I did not find in other universities. I chose to study in the MSc in International Management because it offered to learn more about a very important mix of Business and Politics. After working for a company for over four years I realized the essence to understand better how external and internal politics influence the organization. This MSc program was a great fit to answer my educational needs.

Besides having a chance to learn more about the international business and politics I was offered to do this from very diverse, knowledgeable and inspiring professors from all around the world. In the university I had an opportunity to practice my new gained knowledge and to communicate and work with students from different cultural backgrounds in multiple team building projects.

The education, the ability to network in such an international community as Monaco and the relationships that I built with the professors and peers in the small IUM community, are the greatest assets which have prepared me well for the next chapter of my life. The MSc program inspired me to start my own consulting company and IUM provided a great foundation, support and an amazing network with which I continue to build and develop my business.

Some of the Core Courses offered in the Master of Science in International Management

Financial accounting

This course provides a general overview of how accounting contributes to an organization, especially since it is the primary channel for communicating information about the economics of a business. Students will learn the concepts and language of accounting; the ways it can be used as an effective tool for communication, monitoring, and resource allocation; and the terminology and jargon of financial statements and accounting reports.

International Marketing for profit and non-profit organizations

This course provides an overview of the main international marketing management contemporary concepts and practices. Students will learn how to scan the environment, perform market studies, evaluate buyer and consumer behavior, launch new products, and choose a coherent marketing mix strategy in a very diverse environ-ment. They will develop insights into the environmental perspectives of doing business outside the home country, and master the knowledge of tools and practices for structuring and controlling marketing programs related to international business. A special focus will be made on international marketing issues linked to the nonprofit sector management. Particularly, Causerelated marketing, marketing at the “Bottom of the Pyramid”, charity business, green marketing as well as new business models – such as low-cost, servicization – will be studied.

Organizational Behavior and Cross-Cultural Management

This course focuses on organizational behavior and cross-cultural management in the workplace. This course addresses some questions regarding occupational health and safety. It concentrates on the variables that affect individual and collective behavior. This course will also talk about more traditional organizational behavior subjects such as stress at work, job satisfaction, motivation, performance appraisal, etc. Students will learn how work-related variables can affect human behavior and their implications for performance and satisfaction. They will also develop the ability to recognize the influence of these factors on organizational system-level variables and their impact on the critical determinants of organization human resource effectiveness: productivity, absenteeism, turnover, satisfaction, and citizenship.

International Business Law

This course presents the principal legal mechanisms used in the world of international business, and explores the ethical and legal foundations of business activities in an international setting. Students will master the relevant legal topics of international transactions, and learn how to analyze the problems and methods of international business law and comparative law. The course will also focus on practical aspects of law for business professionals, with an emphasis is on (i) being a legally astute businessperson and working with lawyers, (ii) understanding the principals and terminology of international business law, and (iii) reading and understanding business agreements and contracts. Specific topics include international business organizations, contract law, commercial dispute resolution, intellectual property law, employment law, and trade finance.

Corporate Social Responsibility

This course investigates the ways in which firms can incorporate social and environmental perspectives into strategic thinking, and the consequences and challenges that this process generates. The aim is to enable students to acquire the essential knowledge on responsibility and sustainability in international business.

Management and Leadership

This course provides an introduction to and an overview of the entire Master in International Business and Global Affairs curriculum by familiarizing participants with basic management processes, concepts, techniques, and tools; and presenting the concepts of leadership and global competition. Students will develop an understanding of the critical role management plays in modern business and learn how business functions are linked to form an integrated totality.

International Economics

This course provides a broad survey of international economics and ways in which worldwide economical interdependence is increasing. Students will learn to appreciate the nuances of global economic forces and the ways in which they affect international economic development. They will also learn to analyze topics such as trade policies, foreign direct investment, financial crises, international policy coordination, the different exchange regimes, and the international monetary system. This analysis will be made in the context of current issues in international finance.

International Financial Management

This course shows students how to optimally make various corporate financial decisions, such as those pertaining to investment, financing, dividend policy, and working capital management, with a view to achieving a set of given corporate objectives. Besides, the world economy being highly globalized and integrated, the course examines international financial markets and their implications for the financial management of the multinational firm. Students will learn to analyze topics such as international portfolio diversification, shareholder wealth maximization, and foreign exchange exposure and management.

Some of the courses related to Global Affairs and Sustainability issues offered in the Master of Science in International Management

Global Political Economy – The European Context

This course explores the political and economic dimension of regionalization with a specific focus on the European Union (EU) and current issues concerning the development of the EU . Students will develop their understanding of major theoretical, empirical, and policy perspectives on a global level and with specific reference to the EU.

Geopolitics and international relations

This course surveys the new world order and its impact on management in the global setting. Students will learn to analyze contemporary world affairs and how they affect business, and identify underlying ethical issues that are embedded in the decisions and actions of policymakers and practitioners.

International Organizations and NGOs

This course examines the theory, process, and policy outcomes surrounding international organizations, and non-governmental organizations (NGOs). The course begins with an introduction to the field, focus-ing on the interaction between international law and politics in international organizations. It also introduces theoretical perspectives on the role of international institutions. The course then moves on to an examination of NGOs more specifically. Students will get the concrete opportunity, together with the instructor, to define, finance through collection of funds, and launch a sustainable project in a developing country.

Global Policy and Sustainability

This course provides students with insight into the rapidly changing world of global environmental policy and sustainable development. Students will be exposed to the challenges of managing the environment and securing sustainable development from an international perspective.

The Economics of Development

This course is aimed at providing an overview of some of the major economic ideas in development thinking. Students will become conversant with various approaches to development policy and approach problems in development economics in a rigorous and critical way.

Country-risk analysis

The course aims at providing students with a solid understanding of the concept, the historical perspectives, the theoretical debates and methodologies of country risk analysis, in the global economic system. Country risk assessment deals with economics, finance, politics, sociology, and history. Students will learn that, as the new global economy raises the level of uncertainty and complexity for the international firm’s cross-border strategy, country risk analysis has become an essential component of strategy decisions regarding export, investment, partnership, mergers and acquisitions.

Workshop on “Introduction into Diplomacy”

The workshop introduces into the fundamental concepts and usages in bilateral and multilateral diplomacy. It provides some basic skills necessary to understand the work of diplomats in foreign ministries, embassies, consulates general, and in the international civil service. It also provides information about the more recent developments in preventive diplomacy and the procedures applied in conference diplomacy. Workshop participants will be trained in drafting diplomatic notes and other official correspondence. They will obtain knowledge about negotiation techniques used in bilateral and international negotiations and learn the reporting techniques applied in foreign ministries. In the workshop, participants will develop the understanding of the diplomatic service as a part of international relations and as a mechanism aiming at advancement of the culture of peace and the international law.

Workshop on “UN simulation exercise”

The workshop is designed to train students to organize and eventually participate in a simulation of a UN conference, or Model UN, taking on roles of diplomats and behaving as if they were in a real United Nations General Assembly. They must become familiar with the UN rules and procedures and must prepare themselves to represent the position of a country, using the United Nations protocol and behavior, showing diplomatic skills as well as strong negotiation skills.

Capstone Project

The capstone project embodies a cross-functional approach that integrates all Master in International Business and Global Affairs courses. Utilizing general concepts and theory presented throughout the program, students either complete a research thesis or an applied research project. Students then work under the guidance of a faculty supervisor, which may involve contact hours, distance learning, and consultation as appropriate. Or they can undertake an internship in a firm or in an international organization.

Please note that this list is not exhaustive and subject to change

...To practice

The MSc in International Management ensures that its curriculum matches the labour market’s standards by working closely with industry players.

Throughout the academic year IUM organizes a series of conferences and invites professional guest lecturers.

To further reinforce students understanding of professional expectations a yearly Business trip is organised every year to visit organizations and firms in European capitals.

At the end of the academic year, the research thesis or the internship offers students the opportunity to apply the theory and knowledge learned in the courses and to further develop their interests and competencies in a chosen field of specialization.

If students choose to complete a research thesis on a subject that corresponds to their career interests, they will work under the guidance of an academic advisor. In addition, a workshop on research and report writing is offered to students during the second term, in order to guide them in their thesis endeavor, and more generally to help them to construct high-quality reports in their different courses.

If they choose to undertake an internship, students will be supported in their search by the IUM Career Office, which will provide them with information and guidance on the job market and will help them throughout the year to carefully prepare their applications, through different workshops on self-selling techniques, CV writing, e-networking, etc. Moreover, future graduates will benefit from IUM’s extended network of mentors and alumni, and will be able to meet recruiting firms and partners through special events organized all year long.

Vlada Botanovic, Master in International Management (Global Affairs Class of 2010)
Area Sales Manager, GEOX, Italy

It was a fantastic experience to be part of such an International environment and to be able to share experiences with students coming from all over the globe.

One of my best memories at IUM was the time spent with my team mates during group exercises as I learnt a lot on how to cope with various personalities and conflicts of interest in order to find compromise solutions in the end.

I learned much about how businesses developed internationally, how multinational organizations operate, how to best apply efficient decision-making processes and all this while further developing my interpersonal skills.

While studying I have surely made best use of the Monaco business environment and rich nightlife to make new friends, future business contacts that are surely going to be useful sometime in the future. Not to mention the fun I had while playing waterpolo for the local team.

The skills I learned at IUM are certainly becoming more useful now speaking from a professional point of view as an Area Sales Manager for GEOX with 8 countries in Eastern Europe under my responsibility.

All in all IUM was a great launching ramp for my career definitely and I thank all the teachers and staff for their support, especially my program director Mrs. Rinaldi and the career office.

Career Opportunities

Diverse international careers, one common sensitiveness

With an emphasis on key economic and policy challenges – globalization issues, sustainable development, corporate social responsibility, geopolitics, new emerging markets, etc.- , the MSc in International Management prepares graduates for careers in both domestic and international business as well as in international institutions such as global nonprofit organizations, governmental agencies, nongovernmental organizations and foreign affairs agencies.

The MSc in International Management alumni occupy a wide range of positions in highly diverse organizations which have in common a sensitiveness to sustainable development issues.

Some positions of our most recent Master in International Management students graduated:

• Consultant, Moore Stephen Services, Monaco
• Business Developer Eastern Europe, Geox, Italy
• Project Manager, Red Cross Monaco
• Assistant to the Strategic Development Director, Silversea Cruises, Europe
• Sales and Marketing manager, Eco Supplies Solar Energy, Monaco
• Junior Consultant, Peace and Sport Projects, Monaco
• Junior Relationship Manager, Monaco Consulate, Washington DC
• Marketing officer Emerging Markets, Yachting industry, Singapore
• Marketing manager, Avinco, Monaco
• Editorial Manager, Oxford Business Group, Gabonese Republic
• Consultant, Indra, Madrid
• Manager, Rocleri Monaco
• Assistant to the Account Manager, Veolia Environmental Services, Paris region
• Lawyer, Law firm, Lagos, Nigeria

 

Davide Pasquero, Master in International Management (Business Trade Class of 2013)

"I was looking for a program that could give me knowledge and skills on how to do business internationally as my previous background was only focused on scientific courses. Moreover, I was also looking for a program with a very multicultural profile in term of students and environment, and I found all that at IUM in the Master in International Management.

Coming from a very different background, I have learned many different things on how to do business in different situations and with multicultural people. I have definitely improved my teamwork skills and I have also understood the importance of ethics and social responsibility in doing business, which is not always obvious. I have enjoyed every single moment spent at IUM, from the toughest to the easiest ones, and I believe it was due to my amazing classmates. We really were a great team!

I always wanted to set up my own business and the Master in International Management was very likely to be a steppingstone in order to pursue my wish. Day by day, class after class, this feeling has been growing and now I am working with a partner with the aim to set up a business. I have just realized that there is nothing better than start your business and work to grow and improve it.

To me, succeed in doing that would be the biggest satisfaction."