The Globe's weekly Business School News roundup
As a third-year commerce student at Simon Fraser University's Beedie School of Business, Marcel Glaesser spent an academic semester at the University of Mannheim last year. After completing his studies in Germany, he decided to stay longer and landed a six-month contract with BMW in Munich.
"The coolest thing is that I got to do so many things," he recalls, citing marketing-related assignments that included preparations for the company's annual meeting held in a stadium, complete with a display of prototype cars.
His experience typifies a growing trend among undergraduate and graduate business students to study and work abroad while earning their business degree. For Mr. Glaesser, Germany held appeal because he was born there before his family came to Canada 10 years ago. He took his classes in English at Mannheim, but had to brush up on his German to work at BMW.
His advice to other students is "go abroad, go abroad. It will set you apart."
The same message comes from Canadian business schools, some with formal and informal arrangements to promote international experience opportunities for students before they graduate.
For example, Beedie recently signed an agreement with the British Columbia and Caribbean branches of the Certified General Accountants for an accounting student to spend a work term in Barbados every year.
"We feel it is a great opportunity for students because they get to work and learn," says Andrew Gemino, associate dean of undergraduate programs. "We would love to do more," he adds. "It is a matter of finding those opportunities and working on them."
About 1,700 Beedie commerce undergraduates – about half of the enrolment – are at one stage or another of the school's co-op program, either completing a prerequisite semester, applying for a placement or actually on the job. Every semester, between 170 and 240 students are actually working, with about five per cent choosing to go abroad.
"Through a variety of different ways, the students are becoming more comfortable and more interested in working internationally," says Shauna Tonsaker, co-op education program director.
Her office provides financial and other assistance to students before, during and after their work stint. Prior to departure, all students complete an online course to minimize culture shock. This summer, students have chosen placements with major firms in half a dozen countries, including China, Japan and Germany.
"They get the experience of working in a culturally diverse work environment, gain experience for the first time of living on their own and get a global perspective," she says. "It is of huge value when they are out there to apply for careers, locally and internationally, and can bring that [experience] to the workplace."
Now completing his fourth year at Beedie in business marketing, Mr. Glaesser says the biggest bonus of working abroad was his new level of confidence. "It was the first time working in any big organization and seeing how it works from the inside," he recalls. "For me, it was really valuable."
An astonishing 98 per cent of Canadian businesses have fewer than 100 employees. But a 2010 Industry Canada study found this country lags behind global competitors on several measures of entrepreneurship, such as exports generated by small and medium firms.
Exploring the potential for these enterprises to extend their global reach is one goal of a new $2-million endowed chair in international entrepreneurship at the Schulich School of Business.
"Looking at countries in the world where this culture of entrepreneurship is well developed and looking at the opportunity in Canada, we saw this [endowment] as an opportunity," says Doug Brooks, chief executive officer of the Certified General Accountants of Ontario, which endowed the chair. "The knowledge and understanding, from a global perspective, to develop an entrepreneurial culture within Ontario and Canada – we see that as the way forward from an economic standpoint."
He adds that the endowment – one of several relationships between his association and post-secondary institutions and think tanks – "is a great strategic fit" because his members either work in or for small and medium enterprises.
Moren Lévesque, who has taught graduate-level entrepreneurship students at the school since 2011, is the inaugural chair.
Social media fundraising
For the second year in a row, MBA students at the Desautels Faculty of Management at McGill University used social media for philanthropic pursuits while on a 10-day overseas study trip.
During the for-credit "hot cities" tour to South Africa this year, students used Twitter, Facebook and YouTube to raise funds for Ubuntu Education Fund, a Port Elizabeth non-profit that provides medical and educational support to orphaned and vulnerable children.
The students hoped to raise $20,000, but fell slightly short at $18,000. However, the Canadian Council for the Advancement of Education recognized the student effort with a gold medal for best use of social media, according to Desautels student Melanie Walsh, one of the organizers.
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