Center: 
Vienna
Discipline(s): 
Marketing
Internship Seminar
International Business
Course code: 
MK/IN/IB 395
Terms offered: 
Fall
Spring
Credits: 
3
Language of instruction: 
English
Instructor: 
Martin Schwarz
Description: 

The business internship offers first-hand experience and involvement in Austrian and multinational corporations engaged mainly in the tertiary sector (consulting, banking). The experiential work component of the internship is supplemented by a seminar which explores fundamental aspects of European approaches to business to put the intern's experience into a broader European context.

Prerequisites: 

Vary according to internship sponsor. Most internships have a minimum language requirement, so students as a rule should have at least four semesters of college German or the equivalent and be proficient in conversational German. Prior approval for the internship by both the student's academic advisor and home institution is required. Students are required to express interest in an internship before departure from the U.S.

Required work and form of assessment: 

1. A total of 120 hours per semester (including work, advising, and class hours).
2. Regular reporting to work, mandatory attendance of classes and guest lectures.
3. Maintain a daily work journal, to be submitted at the end of the semester.
4. 8-10 page term paper topically related to the internship (analysis of the internship institution and the student’s work experience).
5. Final exam based on seminar lectures and required readings.
The final grade is based on internship performance (40%), seminar participation including work journal and term paper (30%), and the final exam (30%).

content: 

Internship practicum:
The internships vary from company to company depending upon the nature of the organization as well as the department in which the intern will work. The individual internship programs are to be agreed upon by the intern and the job supervisor at the beginning of the semester.
Seminar:
1. Comparing the historical development of business in Europe and the USA.
2. European management systems.
3. Human resources management.
4. Possible future developments in international business.
5. Discussion topics related to student presentations, inquiries and observations.

Required readings: 

Daniels, John D., and Lee H. Radebaugh. International Business. Environments and Operations. 8th ed.
Reading, MA: Addison-Wesley, 1998.
Preston, Jill, ed. Cases in European Business. Pitman Publishing, 1992.