Overview of Summer Institute 2015: “The Business, Political and Cultural Environment in Europe”
This Walton College of Business exchange is located near Koblenz, Germany in a little town called Vallendar. Founded in 1984, WHU is now one of the most renowned German business schools with an exceptional national and international reputation. WHU is very small by our standards, with around 1,300 students, so you’re sure to receive a lot of opportunity to interact with classmates and professors. Additionally, WHU has 80% of its undergraduate and 100% of its graduate classes in both German and English, so you can choose to study in English while still benefiting from a German/European perspective. The area around Vallendar is very popular with tourists who like to explore the iconic Rheine river and its castles, but basic German skills are strongly recommended if you want to effectively communicate outside of the school. This summer program, taught in English, is tailored to undergraduate students in Business Administration who already have some business administration background and who are interested to learn more about the business environment in Europe.
The city of Vallendar, with its 16,000 inhabitants, is embedded in the Central Rhine Valley in the western part of Germany, commonly referred to as the Rheineland-Palatinate. This small town feel allows students to get familiar with their surroundings quickly and helps overcome some of the shock upon arrival into a new country. And the larger cities of Koblenz, Bonn, Cologne and Frankfurt are only a short trip away by boat, or you can use the incredibly reliable German public transportation system.
The city of Koblenz is situated on the banks of the Rhine and Moselle rivers, which merge at the famous Deutsches Eck (German Corner). Koblenz is only 3.5 miles away from Vallendar and is the third largest city in the Rhineland-Palatinate area, with about 106,000 inhabitants. The whole area offers many unique historical attractions and tourists love to hop aboard the many cruise ships that float up and down the Rheine, capturing some of the mediaeval magic in the region’s numerous castles, historic cities and villages and surrounded by beautiful vineyards.
This summer program is tailored to undergraduate students in Business Administration who already have some business administration background and who are interested to learn more about the business environment in Europe.Particularities of the program will be the visits to one of Germany’s major international companies and to either the European Central Bank or the German Central Bank. Students must have completed the WCOB pre-business core classes in order to be considered for this program. What is the content of the course?
The two-week program focuses on the following topics:
• Trade Integration in Europe and the European Union
• Monetary Integration in Europe: The Euro as Europe‘s Common Currency
• Competing in European Markets
• Operations Management in Europe – Embracing Sustainability
• Business Environment and Strategies of Foreign Direct Investment Investors in Central and Eastern Europe
• European Marketing
• Cultural Aspects: Germany in Europe and Cross-cultural communication
The language of instruction is English. The program includes a final exam and a group project. A typical day of class is composed of class sessions and study periods as
well as group work in the afternoon. The program is complemented by several cultural events spread out over the two-week period.
Students can find a list of courses that the Walton College has predetermined for this exchange here: http://walton.uark.edu/global/course-equivalencies.php
Students will be assessed U of A Walton College tuition and fees for 3 credit hours during the summer they study abroad on this exchange. Additionally, students are responsible for a registration fee (449.00 Euros; includes airport pick-up and drop-off, bus pass lunches and some regional excursions), round-trip airfare, housing, most meals, books, passport, student visa, and personal expenses. Click on the Budget above for a break-down of expected costs.
Scholarships and Financial Aid
Financial aid and scholarships are available to U of A students. Walton College students should apply for Walton College Study Abroad Grants. And all students should read through our scholarship page
for more funding opportunities and deadlines. Additionally, in most cases, you can also use your current scholarships and financial aid
to help finance your summer in Germany.
Because Vallendar is a small town, there are limited housing options directly located next to WHU. The center of Vallendar is surrounded by several hills; some apartments as well as the exchange students’ dormitory are located uphill or half way uphill and other housing options are within 5 to 20 min walking distance. In Vallendar, it is normal to walk about 10 to 20 minutes to the center of town, where the WHU buildings, shops and bus stations are located.
Housing in single rooms costs between €270 - €350 for the two weeks. Upon registration, the fees are to be paid online per credit card with our partner PayPal. After having received your nominations/information we will rapidly provide you/your students with login and password information to proceed to the payment website.