Brandeis International Business School Hassenfeld Fellow Overseas Immersion Program Istanbul, Turkey May 28 – June 4, 2011 1 Brandeis University Brandeis University, the youngest major private research university in the United States, is recognized for its academic excellence and commitment to social justice. Brandeis has especially strong programs in the life sciences, history, economics, business, and the liberal arts. Founded in 1948, the University is named for Louis Brandeis, a distinguished United States Supreme Court justice. With early faculty members such as Eleanor Roosevelt and Leonard Bernstein, Brandeis quickly established an international reputation, attracting students from all over the world many of them supported by the university’s financial aid program. Thirteen years after its founding it was accredited by Phi Beta Kappa, and in 1985 it was elected to the Association of American universities, the exclusive "club" of the 59 leading research universities of the US and Canada. The University's 30,000 alumni include chief executives Leonard Asper (Canwest), Christie Hefner (Playboy) and Suk Won Kim (Ssangyong Group), bankers Barry Kaplan (Goldman Sachs) and Louis Perlmutter (Lazard Freres), journalists Thomas Friedman (New York Times), Walt Mossberg (Wall Street Journal) and Bill Schneider (CNN), and government leaders Nikolai Vassiliev (Deputy Prime Minister, Bulgaria) and Dimitrij Rupel (Minister of Foreign Affairs, Slovenia). Today, Brandeis has 3200 undergraduate and 1100 graduate students. Its 499-member faculty includes historian David Hackett Fischer, three MacArthur "genius" award winners, and 30 members of leading scientific academies. Brandeis is ranked 34th among US universities in US News and World Report, and 9th in a study by Graham and Diamond (The Rise of American Research Universities) based on quantitative measures of the impact of faculty research. We occupy 96 buildings on an attractive 235-acre campus. Landmarks include a one-million-volume library, a new state-of-the-art science center, an outstanding sports complex, a new campus center, a celebrated museum of modern art, new student dormitories, and a theater. Brandeis is located in suburban Boston and is connected to Boston and Cambridge by a 20-minute train ride. Brandeis International Business School The Brandeis International Business School (IBS) is a pioneering professional school dedicated to teaching and research in global finance, management and economic policy. We respond to the growing need for international vision and expertise by preparing exceptional individuals from around the world to become principled leaders of global companies and public institutions. 2 We teach cutting-edge theory, immerse students in international experiences, and connect them to best practice in business and policy. This learning experience transforms the way our graduates view the world, and helps them develop skills and insights to chart its future. IBS is international to the core. It offers its students a global experience that prepares them to operate with ease across borders and cultures - in an environment that prizes diversity and the ability to bring a worldwide perspective to the study of business. The School's curriculum is wholly oriented towards the study of global business, finance and economics. It is updated annually to take account of developments in the fast-moving world economy: about one in six courses are new each year. And all students begin their studies with a unique course on globalization, which introduces the main themes of the School and underlines its commitment to the study of world business in its broadest context. The IBS student population is decidedly cosmopolitan. A recently graduated alumnus of IBS's MBAi program has likened the School to an "Olympic Village" in the extent of its diversity. More than 60 nations are represented at IBS and, while English is a common thread, a plethora of languages may be heard every day in the School's Lemberg Academic Center. We thrive on the excitement that leading-edge research brings to the day-to-day life of the School in discussions, classrooms, and conferences. The faculty includes some 20 scholars specializing in international finance, economics and business. Nearly all hold PhDs from leading U.S. institutions and many are widely known and edit journals in their fields. Faculty members focus on several disciplines, but share a fundamental interest in international issues and typically have studied or conducted research 3 abroad. The IBS faculty is also diverse. Many are from outside the U.S., and all have academic and research interests that transcend national borders. Teaching is valued highly. The curriculum includes case-method and instructor-directed courses, and emphasizes classroom interaction. Classes are relatively small (40 for core courses and 20 for electives). Student evaluations average above 4 on a 1-5 scale. Our professors are not easy, but succeed by bringing difficult topics to life through skillful discussions and concrete examples. We are not just scholars. Our faculty also includes some 20 adjunct professors with extensive practical experience, such as Chief Credit Officer of a large bank, Chief Fixed Income Strategist of a major investment firm, and Chief Budget Officer. Their popular courses connect theory to the business decisions of real firms. Entrepreneurship is one area of active involvement for several adjunct faculty members, who contribute their expertise to courses and to extra-curricular activities such as the annual Boston Securities Analysts Society’s Research Challenge, the National Black MBA case competition, and the internal Business Plan Competition. IBS's Master of Arts in International Economics and Finance (MAief) and Master in Business Administration (MBA) programs are among the very few in the world to require students to have international experience by the time they graduate. Some of our students already have such experience when they enter Brandeis. Those who do not have such experience can acquire it at Brandeis through a summer internship abroad or a semester of study at one of our 17 partner universities. Although study abroad is only one of the ways to meet the international experience requirement, many students see it as a uniquely valuable part of their IBS degree. Even students who already 4 have international experience often take advantage of this option. We view the Hassenfeld Fellow Overseas Immersion Program as well as our World Financial Centers Program (summer only) as supplementary to this international experience, and one that is valuable to all our students. Aside from classroom work, IBS provides its students with opportunities to obtain expertise in specific disciplines via its centers for research and study. For example, The Asper Center for Global Entrepreneurship is Brandeis IBS's platform for exploring the contributions of entrepreneurship in different professions and across borders. The Center provides a wide array of learning experiences, brings entrepreneurs from around the world to the Brandeis campus, and conducts research on the structure and impact of global entrepreneurship. The Asper Center was established in 2006 by Leonard J. Asper '86. The Asia-Pacific Center for Economics and Business, located within IBS, conducts research, teaching and outreach on business and economic issues in the Asia Pacific region and on US-Asia Pacific relations. The Perlmutter Institute for Global Business Leadership, established by Brandeis Trustee Louis '56 and Barbara Perlmutter, prepares students for leadership positions in the global corporation of the future through a combination of theoretical and technical knowledge with pragmatic skills. The Rosenberg Institute of Global Finance seeks to analyze and anticipate major trends in global financial markets, institutions and regulations, and to develop the information and ideas required to solve emerging problems. It focuses on the policy implications of economic globalization. To this end, it sponsors informal exchanges among scholars and practitioners, conducts research and policy analyses, and participates in the School’s teaching programs. All in all, our various centers rigorously supplement the classroom work that our students perform while adding a layer of real-world experience to their training. Hassenfeld Fellow Overseas Immersion Program May 28-June 4, 2011 in Istanbul The Hassenfeld Fellow Overseas Immersion Program is a week-long, in-country program available to first year IBS MBA and MAief students. The program will give participants an intensive introduction to the business and economy of a dynamic overseas market. The course will enable students to develop on the ground a more direct understanding of many of the strands first introduced in IBS's core Global Economic Environment course, with its emphasis on seeing markets through the lens of their political, social, historical, and cultural contexts. The introductory lectures at Brandeis will set the scene for the visit, focusing on Turkey's history and culture, its business and economy, and its politics and society. Students will do preparatory readings and submit short assignment for the classes, which will be taught by leading authorities on Turkey from the business, government, and academic worlds. 5 In Turkey, the program will consist of academic lectures, field trips to companies and other institutions, and group discussion. There will also be sessions focused on Turkish history, society