Professional MBA International and Domestic Residencies

Why study regional or international business?

Without a study of regional or international business, an MBA program simply falls short.

Professional MBA students can choose to participate in an in-person domestic residency and/or international residency which provide learning experiences domestically (in the United States) or internationally. Our regional and global economy is becoming more interdependent. Businesses are faced with societal and cultural challenges when conducting business outside of their city, state, or internationally.

To prepare you for those challenges, our domestic and international residencies immerse you in different business environments through experiential learning experiences. Gain perspective on how economic, cultural, and regulatory environments influence business processes.

Our international and domestic residencies feature a business consulting project. Students traveling are divided into teams to work on real-world projects with companies in the destination city or country. Teams are given an overview of projects and given time to develop a strategy to address them. The conclusion of the consulting project is the final team presentation results to the company CEO and staff.

Many of our alumni say this residency is one of the most memorable, challenging, and fun parts of their MBA experience.

Residency Locations

International

  • 2016: Chile & Argentina, Italy
  • 2017: Germany, Italy
  • 2018: Spain, Italy
  • 2019: Ireland, Italy
  • 2022: Costa Rica
  • 2023: Portugal
  • 2024: Colombia
  • 2025: South Africa
  • 2026: Ireland
  • 2027: Scotland

Domestic

What’s included?

The international residency typically spans eight days. Residencies may include:

  • Numerous business site visits
  • Strategic Consulting Project
  • Cultural tours
  • Group dinners
  • Welcome and farewell receptions
  • Free evenings to explore the city
  • Lectures from business experts

Process to Participate

The domestic and international residencies are optional elective courses.  Students interested in participating must apply and meet all payment deadlines. Due to the structured planning required for the residencies, exceptions after deadlines will not be granted for any reason. The program’s timeline is closely coordinated with the Office of Global Engagement and an external travel vendor, each working under strict internal deadlines. Once a deadline has passed, participation in the residency is no longer possible. The residency application requirements and deadlines will be announced to enrolled students in advance of the residencies.

Additional Costs

The optional domestic and international residency costs are not included in tuition and fees. Estimated costs include round-trip airfare, ground transportation at destinations, company visits, planned cultural excursions, accommodations, and most meals. For budgeting purposes, the domestic residency cost is typically $3,000–$4,500, and the international residency is $4,000–$6,500. Students who fail to meet the residency deposit deadline(s) will be automatically dropped from the course.

The Professional MBA Program’s Rich Daniels Global Programs Scholarship was created by WorldStrides Educational Travel & Experiences group in memory of Dr. Rich Daniels, the inaugural MBA Program Director of the Professional MBA Program. Students participating in the program’s international residency can apply to be considered for this scholarship which is in the amount of one student ground package (minus seat deposit), and is available on any year in which the Terry College of Business is partnering with WorldStrides on a global program for students.