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International Business in Italy

Fast Facts

Sessions Offered:

Winter

Location:

Padua + Paderno del Grappa, Italy

Credit:

Resident

Eligibility:

UI GPA 2.75. Sophomore standing. Min 30 s.h. completed prior to program. FIN:3000

Application Due:

TBD

Immerse yourself in Northern Italy over winter break and gain a unique firsthand perspective of the business decisions facing leaders in the Eurozone today. Dive deeper into the economics, finances, and geopolitics that impact not just the EU, but the U.K., the U.S., and the entire world through company visits, guest speakers, and cultural activities.

Program Highlights

  • 13 days in Northern Italy during holiday season (New Years and Epiphany)
  • Experience multiple towns, including Padua, Venice, Verona, Asolo, Bassano del Grappa, and Paderno del Grappa
  • Visit prominent local businesses and learn from industry guest speakers
  • Incorporate Italy’s international environment directly into classroom topics
  • Earn credit toward finance major or international global issues gen ed
  • Fulfill a portion of the International Business Certificate
  • Enjoy a cultural excursion days and free time to explore Italy
  • Scholarships available

Academic Program

FIN:4020 Special Topics in Finance
International Trade & Finance: European Union or European Discord

Brexit. Grexit. Italexit. Negative interest rates and increasing tariff rates. Global trade and regional concerns.

Europe is facing economic and political decisions that will drive the future of the worldwide economy. Using Italy as our local environment, we will learn about the history of the European Union, the development of the Eurozone, and financial and political challenges being addressed.

  • Regional trade – Why is Brexit so important? Could Italy follow the same path?
  • Central banking – Why is ECB (central bank) policy potentially at odds with Italian fiscal policy?
  • Tariffs and trade wars – Why was China’s visit to Italy unique and controversial? What does U.S. trade policy mean to average Italians/Europeans?

Students will come away with a better understanding both of doing business in Europe and of the United States’ position in a global business environment.

Course credit satisfies Tippie RISE and also counts in the following ways:

  • Pick one: Special Topics in Finance (FIN:4020 3 s.h.) or International Global Issues for Tippie (gen ed)
  • Pick one: For the International Business Certificate: International Business Section or Study Abroad Section

2019-2020 Program Dates

December 29, 2019 - January 11, 2020

Information Sessions

Friday, August 30 at 1:00pm / PBB S401

Tuesday, September 9 at 10:00am / PBB W401

Thursday, September 19 at 12:00pm / PBB S104

Wednesday, September 25 at 12:00pm / PBB S104

Padua, Italy

Padua (or Padova in Italian) is the capital of the province of Padua, located less than an hour from Venice in Northern Italy. An important historical, industrial, and economic hub, it's also home to Italy's second oldest university. With its vibrant community and numerous tourist sites, the city provides a realistic look at current Italian life.

Paderno del Grappa, Italy

Padern del Grappa is home to the CIMBA campus in the heart of the Veneto Region, situated at the base of the Alps in Northern Italy. With views of Mount Grappa and the picturesque countryside, the area is also home to several prominent corporations and international businesses.

US Department of State Country Information

The US Department of State provides safety and security information for every country of the world to help you assess for yourself the risks of travel. Each country information page contains a Travel Advisory, Alerts, and other important details specific to that country that could affect you.

Pay close attention to the entry and exit requirements, local laws and customs, health conditions, and other details to help decide whether traveling to any given country is right for you. Non-US citizen travelers may also wish to seek guidance from the embassy of their country of citizenship. The UI International Travel Policy for Students addresses restrictions on student travel to high-risk locations and engagement in high-risk activities abroad.

Accommodation

Students will be in shared hotel accommodation in Padua for eight nights and on the CIMBA campus in Paderno del Grappa for four nights.

Travel Arrangements

Students will make their own flight reservations to and from Italy with advice and information provided by the program coordinators. Accepted students should NOT purchase tickets until the program's status is confirmed. In late October, instructions for purchasing tickets will be shared with the group.

Passports

Those with valid passports should check the expiration date. Passports must be valid for at least 6 months PAST the anticipated return to the U.S. from studying abroad, i.e., through July 2020.

Students who do not yet have a passport are advised to apply for one as soon as possible. Applications are available at the Federal Building/Post Office on Highway 6 in Iowa City or at the U.S. State Department web site.

Expedited passport processing service is available (although this still takes several weeks and is expensive) and we encourage students to ask at the passport agency at the time of application whether expedited service is recommended.

Eligibility

A minimum University of Iowa and cumulative GPA of 2.75 is required for acceptance. A minimum of Sophomore standing and a minimum 30 s.h. completed prior to the program (December 2019) is also required, as well as the ability to obtain required visa (not required for US citizens).

Academic Prerequisites: FIN:3000 or approval of the program director.

All participants must also be in good academic and disciplinary standing at the University of Iowa.

Application

Applications open: August 28, 2019
Application Deadline: October 15, 2019

Early applications are encouraged.

UI Study Abroad Application

UI students who apply to this program will be U-billed the $50 application fee. The application form, along with a copy of the information page of your passport, should be submitted by the application deadline. Late applications will not be considered.

Important notice for students without a valid U.S. passport, or whose passport will expire before July 2020:

Those with valid passports should check the expiration date. Passports must be valid for at least 6 months PAST the anticipated return to the U.S. from studying abroad, i.e., through July 2020.

Students who do not yet have a passport are advised to apply for one as soon as possible. Applications are available at the Federal Building/Post Office on Highway 6 in Iowa City or at the U.S. State Department web site.

Expedited passport processing service is available (although this still takes several weeks and is expensive) and we encourage students to ask at the passport agency at the time of application whether expedited service is recommended.

Program Cost

The total estimated costs for the program are available on the PDFItaly Winter 2019-2020 Cost Sheet.

The billed program fees total for Winter 2019-2020 is $3,752.

Included in program fees (billed to participants' u-bills):

  • 3 semester hours of tuition
  • 12 nights of shared accomodation (8 in Padua, 4 in Paderno del Grappa)
  • Breakfast every day, 6 lunches
  • Welcome and Departure dinners
  • Italian cooking class
  • Company speakers
  • Cultural trips to Venice, Verona, and Bassano
  • Ground transport to and from airport and course events
  • 24/7 staff support from CIMBA Italy
  • UI study abroad administrative fee
  • Mandatory Iowa Regents CISI insurance
  • $50 application fee charged to U-Bill at time of application

Not included in program fees (out of pocket expenses):

  • Round-trip airfare (estimated $800 - $1,800)
  • Meals not listed in the program fees
  • Personal expenses and personal travel

Financial Aid and Scholarships

You may be able to use financial aid for winter courses, particularly if you already use it for fall/spring. Speak with the Financial Aid office to see what might be available to you.

Winter study abroad students are also able to apply for Study Abroad scholarships. Please visit the Study Abroad Scholarships website for more detailed information on the available scholarships and to review eligibility criteria.

The Tippie College of Business offers scholarships for students participating on winter study abroad programs. The deadline to apply for first round scholarships is September 10th. Students who do not apply during this round are encouraged to apply for the November 1st deadline. To apply to Tippie College of Business scholarships specifically for study abroad opportunities, please click on the following link: Tippie College of Business Global Experiences Scholarships.

Withdrawal policy

After applying for a Study Abroad Program, notice of withdrawal must be made in writing to University of Iowa Study Abroad. If for any reason you withdraw after the Confirmation Deadline and before or during the course of the program, the amount/percentage shown in the following chart represents what you will be required to pay to the University of Iowa. The date on which the letter or e-mail message is received is the date by which your costs will be calculated.

Consult with your Study Abroad advisor for any clarification about fees and billing. Note that when you withdraw from a program, any money already paid directly to a program provider and/or a host university will potentially be forfeited. Check with your specific provider/host university for details. Additional penalties for cancellation of airline tickets may also apply. Check with your airline for further details.


Date of Withdrawal Student Financial Responsibility
Within the first nine days after the confirmation deadline Administrative fee: $400
Portion of course fee: $100
10-19 days past the confirmation deadline Administrative fee: $400
Portion of course fee: 50%
20-44 days past the confirmation deadline Administrative fee: $400
Portion of course fee: 75%
45 or more days past the confirmation deadline Administrative fee: 100%
Portion of course fee: 100%

Confirmation Materials for 2019-2020

Next Steps:

You should also:

Flights

Students will receive instructions for booking flights after Confirmation Deadline. A suggested group flight will be shared with the group and students will make their own arrangements. Those who do not have extensive travel experience are encouraged to book the suggested group flight.

Orientation

To prepare for your time abroad, you are required by the University of Iowa to complete two orientations.

Online Pre-Departure Orientation

You are required to complete the International Programs ICON course “Education Abroad Pre-Departure Orientation” prior to departure. This orientation is mandatory for all students going abroad under the auspices of the University of Iowa. It covers many practical matters about living overseas, such as health and safety, communication, money, goals, and much more. You will be enrolled in this course by International Programs and an email will be sent to you once enrolled. If you have any questions, you can email safety-abroad@uiowa.edu.

In-Person Pre-Departure Orientation

A group in-person orientation will be facilitated by your program coordinators and will cover practical information about traveling, Italy, and logistics of the program. Attendance is REQUIRED at one session.

Monday, November 18 @ 3:30pm / W401 PBB
OR Thursday, November 21 @ 3:30pm / W401 PBB

Vaccinations and Health/Safety

We'll address many of the issues related to health and safety during the orientation sessions, but until then, our general advice is to check with your doctor about any health concerns you have before going abroad. Take a look at the Centers for Disease Control and Prevention Website for country-specific health information and visit your doctor or the Travel Nurse at Student Health for any vaccinations you might need.

UI Student Health Service Travel Clinic: http://studenthealth.uiowa.edu/services/international-travel

Withdrawal policy

After applying for a Study Abroad Program, notice of withdrawal must be made in writing to University of Iowa Study Abroad. The date on which the letter or e-mail message is received is the date by which your costs will be calculated. If for any reason you withdraw after the confirmation deadline and before or during the course of the program, the amount/percentage shown in the following chart represents what you will be required to pay to the University of Iowa.

Consult with your Study Abroad advisor for any clarification about fees and billing. Note that when you withdraw from a program, any money already paid directly to a program provider and/or a host university will potentially be forfeited. Check with your specific provider/host university for details. Additional penalties for cancellation of airline tickets may also apply. Check with your airline for further details.

Date of Withdrawal Student Financial Responsibility
Within the first nine days after the confirmation deadline Administrative fee: $400
Portion of course fee: $100
10-19 days past the confirmation deadline Administrative fee: $400
Portion of course fee: 50%
20-44 days past the confirmation dedaline Administrative fee: $400
Portion of course fee: 75%
45 or more days past the confirmation deadline Administrative fee: 100%
Portion of course fee: 100%