International Business MSc

 
  

Fact file

Qualification:MSc
Qualification name:International Business
Duration:12 months full-time
Entry requirements:2.1 (Upper 2nd class hons degree from British University or international equivalent)
Including:Any discipline except business or management
Other requirements:Personal statement and a list of modules being studied in the final year (for applicants who have not yet completed their bachelor degree).
IELTS:6.5 (no less than 6.0 in any element)
Start date:September
Campus:Jubilee Campus

Course Overview

This course provides the theoretical and conceptual grounding to prepare students for business management at an international level. You will be taught by staff with international reputations for excellence in research, particularly on emerging markets, and guest lecturers who are successful entrepreneurs and have international experience in doing business in challenging cultural environments.

The combination of various approaches, such as lectures, case studies, group work and internships will greatly enhance your learning experience.

Unique to Nottingham University Business School, our programme takes advantage of the University’s internationalised operations and is also taught at the Business Schools at the University's campuses in Ningbo, China, and Kuala Lumpur, Malaysia. This provides students with the opportunity to spend the entire second semester completing the core and elective modules at either campus while experiencing life in China or Malaysia.

Presessional English for Academic Purposes

The Centre for English Language Education (CELE) runs 10-week and 5-week Business and Management English language and study skills courses. These courses are designed in collaboration with Nottingham University Business School and prepare students going on to programmes in business and management.

If you are close to the English language level you need to go on to the Business School's MSc course and you meet the entry requirements for the relevant CELE course, you may be eligible for a joint offer. This means that:

  • you only need one TIER 4 visa and CAS
  • you take a 10 or 5-week English Language and Academic Skills preparation course, and then go onto your MSc course
  • you have a guaranteed place on the MSc course
  • your progression to the MSc is automatic, provided you attend and complete all the coursework

For more details, please visit the CELE website

Students who enter via the CELE route are exempt from paying the school's £1,000 reservation fee. For more details, please contact wendy.bull@nottingham.ac.uk

Key facts

  • The Business School, across all three campuses (UK, China and Malaysia), is EQUIS accredited by the European Foundation for Management Development (EFMD) - one of the world's leading accrediting bodies for business schools
  • In the Research Excellence Framework (REF) 2014 we rank 6th for 'research power' out of 101 UK business and management institutions
  • We are ranked 12th in the UK in the QS World University Rankings 2015 (76th worldwide)

Course Details

The MSc International Business is taught on a full-time basis over one year.

During this time, you must accumulate 180 credits to qualify for the award of MSc.

120 credits come from modules taught and examined during two 15-week semesters.

Each taught module typically consists of ten two or three hour sessions. Assessment is by a combination of individual essay or group project and written examination.

The remaining 60 credits of this course are allocated to a dissertation, which is completed over the summer period for submission in September.

Modules

You will study the following core modules in order to develop your knowledge and skills relating to international business:

Semester one

Core modules

Business Economics

The module covers the following:

  • Markets
  • Firms and Market Power
  • Market Structure and Government Policy
  • Government Intervention
  • International Trade
  • International Capital and other Factor Flows
  • The Macroeconomic Policy
  • Balance of Payments and Foreign Exchange

The module aims to provide students who have no previous training in economics with a knowledge and understanding of key economic concepts and tools of analysis relevant to the student of business.

 
International Accounting

The module covers the following:

  • The roles of accounting in business and its link to global capital markets
  • International accounting harmonisation
  • Comparative international accounting
  • Financial statement analysis
  • Managerial accounting for planning and control
  • Discounted Cash Flow and Valuation

The module aims to provide course members with an appreciation of the roles and techniques of accounting in the context of international business reporting and management.

 
International Business Environment

This module introduces students to the international business environment. The module develops an understanding of the global environment: globalisation of business, internationalisation theories, innovation; international institutions governing IB (flows of trade, investment, financial and human capital), and differences between countries (political, economic and cultural).

The module aims to examine national/regional/international political, economic, technological, cultural and institutional factors that make up the global business environment, and to understand the impact of the global business environment on business' international decisions.

 

Choose one module from:

Business Ethics

This module examines businesses from an ethical perspective. In particular, it explores the existence of corporations in liberal democracies, and ethical concerns surrounding multinational corporations and globalization. Further to this, the module examines human rights; environment ethics; consumerism; and corporations as political actors, and as sites of political action. The main concepts and theories underpinning the business ethics field will be introduced, and you will have the opportunity to use these in understanding business related issues. Teaching will consist of a mixture of lectures, case studies, exercises, discussions, and multi-media. Considerable emphasis will be placed on student participation in class, with the aim of promoting ethical reflection on the many important issues that surround business-society relations.

Ultimately, the aim of the module is to enable you to recognise and reflect upon ethical problems with a view to enhancing your analytical and decision-making skills.

 
Contemporary Chinese Culture and Society

This module introduces students to key concepts in the understanding of contemporary Chinese culture and features of Chinese society, including:

  • Continuity and change in the Chinese family
  • Rural and urban society
  • Chinese youth and generational identity
  • Ethnicity and religion in contemporary China
  • The arts and popular culture

The module aims to develop students' knowledge and understanding of continuity and change in China's society and culture during the reform era. It complements other taught-postgraduate modules on China's contemporary history, politics, law, economic development, and business.

 
Creative Problem Solving

The course will introduce students to the latest thinking in the areas of creativity, the creative process, knowledge management practices and the nature of entrepreneurship. Having established the cricual link between creativity, entrepreneurship and economic development the course proceeds with the latest thinking in the areas of creativity, entrepreneurship and economic development the course proceeds with the latest thinking in the areas of creativity, the creative process and modern knowledge management practices supported by case studies and examples of successful applications.

Students will be introduced to a variety of creative problem solving techniques and learn how to apply these techniques in the context of the development, evaluation and application of ideas and concepts with commercial potential.

The module aims to encourage students to develop an understanding of entrepreneurial creativity through theoretical analysis and the use of creative problem solving techniques. The module will enable students to generate, evaluate and apply new ideas and concepts within a business planning process. Students will also experience creative problem solving techniques, reflect upon appropriate methods for different stages of problem solving techniques, reflect upon appropriate methods for different stages of problem solving and explore the relationship between creative problem solving and entrepreneurship.

 
Managing Organisations

Classic management topics and critical reflections on management knowledge: I People in organisations – theories of motivation and of team development, and their contemporary relevance; II. Organisational processes – theories and models for managing organisational culture, strategic change, across cultures, equality and participation equality, and learning and leadership; and, III. Critical perspectives on management knowledge – from disciplinary knowledge to the meaning of work, comparative management and its prospects, and from application of classic theory to emerging dialogues in the global age.

The module aims to:

  • introduce key concepts in managing organisations
  • investigate how organisations adapt to their environments
  • facilitate a critical understanding of the core issues in contemporary organisations
  • provide a framework for understanding the systems and management role in organisations
  • provide a guide for exploring management issues in a global context
  • to develop the ability to diagnose and solve organisational problems
 

Semester two

Core modules

Essentials of International Marketing

The module will introduce the core marketing concepts and techniques prior to covering aspects of marketing that are explicitly international. The course provides an overview of the changing international business environment and its challenges for international firms. It critically reviews contemporary issues in international marketing and provides insights into the development of competitive strategies and international marketing management within the context of consumer goods, industrial goods and services. T

The module is designed to develop an appreciation of the special requirements for successfully conducting international marketing activities. The module aims to provide students with an in-depth understanding of current issues in international marketing theory and practice.

The module provides students with an in-depth understanding of current issues in marketing in general and international marketing theory and practice in particular. It encourages critical thinking about international marketing theories and practices.

 
International Business Strategy

The module covers approaches to strategy for international businesses; cases and examples of international businesses.

The module's principle aim is to develop understanding of international business strategy and practice application of it through cases and examples. The module focus is on the assessment of challenges and strategies facing international managers. Detailed case-studies are examined, illustrating more general points by referring to firms and entrepreneurs that have set important benchmarks in business performance and globalisation.

 
Research Methods

Part I: Introduction Qualitative Analysis. This part of the module will be concerned with the collection and analysis of qualitative data.

Part II: Introduction Quantitative Analysis; Survey design and measurement, Introduction to statistics; hypothesis testing, t-tests, ANOVA, Regression Analysis and Factor Analysis.

The module aims to:

  • instil familiarity with and understanding of key techniques of quantitative and qualitative analysis
  • improve accessibility of research material such as journal articles
  • provide basic skills in support of both other modules taught on the MSc programme and dissertation research involving quantitative and qualitative analysis
 

Choose one module from:

Globalisation, Business and Development

Private sectors actors are increasingly engaging in development, and are now considered development partners of governments, non-governmental organisations (NGOs) and overseas development agents. This module introduces students to the global context of doing business, and the impact of business activities on development. It critically considers the changing roles of business, governments, international government agencies and NGOs, and how these actors interact to foster development.

The module adopts different disciplinary perspectives drawing from international development, political economy and comparative business systems perspectives to understand the process of globalization and the influence of business on development concerns (eg. corruption, land and water, poverty). The module critically examines the business responses oriented towards development (eg. multi-stakeholder initiatives, inclusive business models, fair trade).

This module aims to introduce the global political context for responsible business and develops strategic business responses to international development.

 
Innovation Management

The module covers the following: 

  • Introduction - What is Innovation Management?
  • Building an Innovation Organisation
  • Innovation and Family Firms
  • Sources of Innovation and Networks
  • Innovation Strategy and Blue Ocean Strategy
  • Selecting the Right Idea
  • Implementing Ideas
  • Capturing Learning
  • Management of an Innovative Firm

The module aims to help students to understand the knowledge and skills required to manage innovation by considerating a number of different perspectives; industrial perspectives, innovation within an organisation, and finally innovation from a managerial perspective.

 
Launching New Ventures

Launching New Ventures will introduce students to the more practical elements of innovation and enterprise activity across multiple contexts, including not just new venture creation but corporate and social entrepreneurship as well. Whereas Entrepreneurship and Creativity focuses on idea generation and entrepreneurial theory, Launching New Ventures will prepare students to recognise opportunities, and to implement innovation and enterprising ideas. The ability to make informed and timely decisions will be an important aspect of this, and the module will use a start-up business simulation to encourage this.

The module will help students build skills across a number of areas central to the entrepreneurial experience, including:

  • opportunity recognition, evaluation and exploitation
  • innovation assessment and management
  • environmental analysis
  • understanding and managing risk
  • the strategy process
  • market research and the marketing plan
  • finance and funding
  • intellectual property rights
 
Managing for Sustainability

Sustainable companies are those that are managed in socially, economically, and ecologically responsible ways. Today's managers are expected to understand the impact of management decisions and practices on the environment and society. This module considers how sustainability principles are applied in organisations, and how to manage for sustainability. Through use of multiple learning approaches, the module enables students to practically interact with real businesses to address some sustainability challenges faced by the organisation.

The module introduces the students to frameworks and theories use to critically assess sustainability, and to integrate sustainability into the business strategy. The module enables students to develop an understanding of the practical dilemmas facing businesses as they seek to respond to multiple, and often, conflicting stakeholders expectations. Students will be expected to critically reflect upon their practical experiences and capture these using a learning journal.

 
Managing International Business in China

This module analyses the basic issues of managing international business in contemporary China, including entry mode selection, alliance management, negotiation with Chinese partners, cross-cultural human resource management, cross-cultural marketing, protection of intellectual property rights, corporate finance, and strategic management. These issues are discussed in the light of the relevant theoretical frameworks and models of international business and management, with reference to current business and management practices of multinational companies operating in China. The context of China's general business environment and specific international business regimes are also examined.

The module aims to:

  • develop students' ability to apply theoretical frameworks and models to the analysis of practical issues of managing international business in China
  • enhance students' understanding of current business and management practices of multinational companies operating in China
  • foster students' cultural awareness
 
Strategic Human Resource Management

The module aims to develop an advanced understanding of human resource management. Core elements of the course include recruitment and selection, training, performance management, job design, work-life balance and health and safety.

The module aims to illustrate the relationship between HRM issues and organisational context; to show how HR decisions relate to organisational strategies.

 
Technology Entrepreneurship

The aim of this module is to offer students an appreciation of the entrepreneurial actions involved in the commercial exploitation of new science and technology inventions. This type of activity is increasingly recognized as vital for the commercialisation of technology from universities and research institutes into knowledge-driven organisations. Political and sociological debates about the significance of technology transfer from universities will also be considered. The importance of intellectual property and patenting as a key asset in technology entrepreneurship will feature strongly in the module.

Students will gain practical experience by researching and devising entrepreneurial strategies for commercializing novel science and technology ideas. This will require working with real patents and patent searching to critically examine contextual (eg. between industrial sectors and countries) and strategic differences (eg. licensing deals, collaborations and new venture creation). Technology entrepreneurs, Science Incubator managers and related professional services (eg. IP lawyers, investors) will assist with the module at appropriate points.

 
Tourism and Sustainability

This module is concerned with providing an understanding of the theoretical and practical issues relating to environmental, economic and socio-cultural sustainability in tourism. A day long field trip may form part of this module. Topics covered include:

  • Tourism and the environment
  • Sustainability and biodiversity
  • Impact of tourism on physical and cultural environments
  • Eco-tourism and heritage
  • International case studies in environmental tourism

The module aims to:

  • provide an overview of contemporary debates on sustainability
  • use case studies and a possible field trip to illustrate the negative and positive asepcts of the tourism-environment interaction
 

Summer

12,000-15,000 word individual dissertation on an approved subject relevant to the MSc International Business.

Customise your MSc International Business

For students who may wish to specialise, the following pathways are pairs of modules that create depth and understanding in an important international business issue. Students who choose one of these pathways, along with a dissertation in the same area, have the option for the pathway to appear on their final transcript and degree certificate.

Chinese and Business Society pathway

Semester one

Contemporary Chinese Culture and Society

This module introduces students to key concepts in the understanding of contemporary Chinese culture and features of Chinese society, including:

  • Continuity and change in the Chinese family
  • Rural and urban society
  • Chinese youth and generational identity
  • Ethnicity and religion in contemporary China
  • The arts and popular culture

The module aims to develop students' knowledge and understanding of continuity and change in China's society and culture during the reform era. It complements other taught-postgraduate modules on China's contemporary history, politics, law, economic development, and business.

 

Semester two

Managing International Business in China

This module analyses the basic issues of managing international business in contemporary China, including entry mode selection, alliance management, negotiation with Chinese partners, cross-cultural human resource management, cross-cultural marketing, protection of intellectual property rights, corporate finance, and strategic management. These issues are discussed in the light of the relevant theoretical frameworks and models of international business and management, with reference to current business and management practices of multinational companies operating in China. The context of China's general business environment and specific international business regimes are also examined.

The module aims to:

  • develop students' ability to apply theoretical frameworks and models to the analysis of practical issues of managing international business in China
  • enhance students' understanding of current business and management practices of multinational companies operating in China
  • foster students' cultural awareness
 

Corporate Social Responsibility pathway

Semester one

Business Ethics

This module examines businesses from an ethical perspective. In particular, it explores the existence of corporations in liberal democracies, and ethical concerns surrounding multinational corporations and globalization. Further to this, the module examines human rights; environment ethics; consumerism; and corporations as political actors, and as sites of political action. The main concepts and theories underpinning the business ethics field will be introduced, and you will have the opportunity to use these in understanding business related issues. Teaching will consist of a mixture of lectures, case studies, exercises, discussions, and multi-media. Considerable emphasis will be placed on student participation in class, with the aim of promoting ethical reflection on the many important issues that surround business-society relations.

Ultimately, the aim of the module is to enable you to recognise and reflect upon ethical problems with a view to enhancing your analytical and decision-making skills.

 

Semester two

Managing for Sustainability

Sustainable companies are those that are managed in socially, economically, and ecologically responsible ways. Today's managers are expected to understand the impact of management decisions and practices on the environment and society. This module considers how sustainability principles are applied in organisations, and how to manage for sustainability. Through use of multiple learning approaches, the module enables students to practically interact with real businesses to address some sustainability challenges faced by the organisation.

The module introduces the students to frameworks and theories use to critically assess sustainability, and to integrate sustainability into the business strategy. The module enables students to develop an understanding of the practical dilemmas facing businesses as they seek to respond to multiple, and often, conflicting stakeholders expectations. Students will be expected to critically reflect upon their practical experiences and capture these using a learning journal.

 

OB/HRM pathway

Semester one

Managing Organisations

Classic management topics and critical reflections on management knowledge: I People in organisations – theories of motivation and of team development, and their contemporary relevance; II. Organisational processes – theories and models for managing organisational culture, strategic change, across cultures, equality and participation equality, and learning and leadership; and, III. Critical perspectives on management knowledge – from disciplinary knowledge to the meaning of work, comparative management and its prospects, and from application of classic theory to emerging dialogues in the global age.

The module aims to:

  • introduce key concepts in managing organisations
  • investigate how organisations adapt to their environments
  • facilitate a critical understanding of the core issues in contemporary organisations
  • provide a framework for understanding the systems and management role in organisations
  • provide a guide for exploring management issues in a global context
  • to develop the ability to diagnose and solve organisational problems
 

Semester two

Contemporary Developments in HRM/OB

The module examines core contemporary topics in OB/HRM to highlight theory and provide students with a business context within which to understand the topic. Topics include challenges organisations face in creating and retaining knowledge, developing talent across all the major functions, managing multi-cultural teams at the domestic and international context, the impact of the global economy on employees, reconciling individual expectations and the exigencies of the business world, and employment law.

The module aims to:

  • provide a comprehensive overview of contemporary issues in organisational behaviour, human resource management practices, and employment law
  • provide a foundation for the critical appraisal of organisational, managerial and legal processes in a complex business world
 

Entrepreneurship/Innovation pathway

Semester one

Creative Problem Solving

The course will introduce students to the latest thinking in the areas of creativity, the creative process, knowledge management practices and the nature of entrepreneurship. Having established the cricual link between creativity, entrepreneurship and economic development the course proceeds with the latest thinking in the areas of creativity, entrepreneurship and economic development the course proceeds with the latest thinking in the areas of creativity, the creative process and modern knowledge management practices supported by case studies and examples of successful applications.

Students will be introduced to a variety of creative problem solving techniques and learn how to apply these techniques in the context of the development, evaluation and application of ideas and concepts with commercial potential.

The module aims to encourage students to develop an understanding of entrepreneurial creativity through theoretical analysis and the use of creative problem solving techniques. The module will enable students to generate, evaluate and apply new ideas and concepts within a business planning process. Students will also experience creative problem solving techniques, reflect upon appropriate methods for different stages of problem solving techniques, reflect upon appropriate methods for different stages of problem solving and explore the relationship between creative problem solving and entrepreneurship.

 

Semester two

Innovation Management

The module covers the following: 

  • Introduction - What is Innovation Management?
  • Building an Innovation Organisation
  • Innovation and Family Firms
  • Sources of Innovation and Networks
  • Innovation Strategy and Blue Ocean Strategy
  • Selecting the Right Idea
  • Implementing Ideas
  • Capturing Learning
  • Management of an Innovative Firm

The module aims to help students to understand the knowledge and skills required to manage innovation by considerating a number of different perspectives; industrial perspectives, innovation within an organisation, and finally innovation from a managerial perspective.

 
Launching New Ventures

Launching New Ventures will introduce students to the more practical elements of innovation and enterprise activity across multiple contexts, including not just new venture creation but corporate and social entrepreneurship as well. Whereas Entrepreneurship and Creativity focuses on idea generation and entrepreneurial theory, Launching New Ventures will prepare students to recognise opportunities, and to implement innovation and enterprising ideas. The ability to make informed and timely decisions will be an important aspect of this, and the module will use a start-up business simulation to encourage this.

The module will help students build skills across a number of areas central to the entrepreneurial experience, including:

  • opportunity recognition, evaluation and exploitation
  • innovation assessment and management
  • environmental analysis
  • understanding and managing risk
  • the strategy process
  • market research and the marketing plan
  • finance and funding
  • intellectual property rights
 
Technology Entrepreneurship

The aim of this module is to offer students an appreciation of the entrepreneurial actions involved in the commercial exploitation of new science and technology inventions. This type of activity is increasingly recognized as vital for the commercialisation of technology from universities and research institutes into knowledge-driven organisations. Political and sociological debates about the significance of technology transfer from universities will also be considered. The importance of intellectual property and patenting as a key asset in technology entrepreneurship will feature strongly in the module.

Students will gain practical experience by researching and devising entrepreneurial strategies for commercializing novel science and technology ideas. This will require working with real patents and patent searching to critically examine contextual (eg. between industrial sectors and countries) and strategic differences (eg. licensing deals, collaborations and new venture creation). Technology entrepreneurs, Science Incubator managers and related professional services (eg. IP lawyers, investors) will assist with the module at appropriate points.

 

For more details on our modules, please see the module catalogue.

Funding

Funding may be available through the Business School.

UK/EU students

Funding information can also be found on the Graduate School website.

International and EU students

The University of Nottingham offers a range of masters scholarships for international and EU students from a wide variety of countries and areas of study.

Applicants must receive an offer of study before applying for our scholarships. Applications for 2016 entry scholarships will open in late 2015. Please note the closing dates of any scholarships you are interested in and make sure you submit your masters course application in good time so that you have the opportunity to apply for them.

The International Office also provides information and advice for international and EU students on financing your degree, living costs, external sources of funding and working during your studies.

Find out more on our scholarships, fees and finance webpages for international applicants.

Careers

Postgraduate careers service

As a postgraduate student at Nottingham University Business School you will have access to our specialist in-house Postgraduate Careers Service to help you develop your career management skills and explore your career options. Through a combination of your academic studies and the careers support on offer you will be in an excellent position to enhance your career prospects.

Average starting salary and career progression

In 2014, 87% of postgraduates in the Nottingham University Business School who were available for employment had secured work or further study within six months of graduation. The average starting salary was £26,611 with the highest being £34,000.*

* Known destinations of full-time home and EU postgraduates, 2013/14.

Career destinations for our graduates include accountants, finance and investment analysts, higher education teaching professionals, investment bankers, IT business analysts, management consultants, marketing professionals, public relations professionals and university researchers.

Career prospects and employability

The acquisition of a masters degree demonstrates a high level of knowledge in a specific field. Whether you are using it to enhance your employability, as preparation for further academic research or as a means of vocational training, you may benefit from careers advice as to how you can use your new found skills to their full potential.

Our Careers and Employability Service will help you do this, working with you to explore your options and inviting you to attend recruitment events where you can meet potential employers, as well as suggesting further development opportunities, such as relevant work experience placements and skills workshops.

The Enquiry Centre

The University of Nottingham
King's Meadow Campus
Lenton Lane
Nottingham, NG7 2NR

t: +44 (0) 115 951 5559
f: +44 (0) 115 951 5812
w: Frequently asked questions
Make an enquiry