Study Abroad Program

Entrepreneurship and Emerging Markets: Myanmar – A Country in Transition

A Study Abroad/Internship Program

Study Abroad Application

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Why Myanmar?

Studying abroad allows you to emerge yourself in another culture, gain a broader global perspective and make connections with people from all over the world. Living and learning in a country as it’s opening after several decades of isolation from the western world provides a rare insight into a very new emerging market. Studying in Myanmar will provide you the unique opportunity to witness a country in transition and live through a significant historical moment. The American University of Myanmar (“AUM”) offers thought-provoking courses directly related to business challenges facing the country today. Yangon is a vibrant city with a warm culture. You will engage in the local cultural activities and have the option to participate in a variety of excursions around the country.

What will I Study?

15 Credits: 3 classes worth 3 credits each + an internship worth 6 credits

MGMT 303, Marketing in Myanmar (3 credits) – Professor Trivedi. This course focuses on the challenges and methods of marketing in an emerging market. Students will study how organizations facilitate exchange relationships by satisfying the needs and wants of their customers. Students will learn the intricacies of identifying and staking out a market position in a rapidly changing environment, while also contemplating the complexities of consumer behavior in a country in transition. Some case studies will be drawn from Myanmar.

MGMT 305, Emerging Market Finance (3 credits) – Mr. O’Connor. Emerging markets present great challenges for financial management. Effective financial management typically entails the acquisition of capital, the evaluation of viable investment opportunities, and the efficient allocation of resources for their optimal use. Emerging markets, however, present the challenge of applying the expectations of investors in developed countries to the realities of an underdeveloped country. The course emphasizes how risk and return are determined through investment valuations, financial analysis, forecasting, capital budgeting, capital structure, venture capital, dividend policy, and risk management. Some case studies will be drawn from Myanmar.

MGMT 306, Business Law in an Emerging Market (3 credits) – Professor Greenlee. The aims of this course are to introduce students to the legal challenges of operating in an emerging market. US , Myanmar and ASEAN law will be considered as they apply to American companies operating in Myanmar. Contracts, Torts, Sale of Goods and Services, Consumer Protection, Company Law, Employment law, and Remedies will be studied. Students will learn to: Identify and explain the laws that impact upon American businesses operating in this emerging market.

MGMT311, Internship (6 credits) – Our internship course is an integral part of our curriculum. Students can select from a variety of options working with companies in sectors such as finance, telecommunications, marketing, hospitality, educational management, and logistics.

You will receive 15 credits hours upon successful completion of this program. Opportunities for Myanmar language study will be available at an additional cost. AUM and the courses it offers are authorized pursuant to the Myanmar Education Reform Law 2014.

Internships

Experience firsthand the types of challenges presented to companies doing business in emerging markets through our internship program. You will have the opportunity to put theories into practice and further strengthen the content of your classes by interning in a business operating in Myanmar. You will receive tangible work experience with reputable companies, and start building an international network of contacts. Global work experience is highly sought after by employers, and our internships will provide you with a unique background.

You will be given the choice of a variety of unpaid internships with companies operating in Myanmar. Internships are for 20 hours per week for 15 weeks totaling 300 contact hours. Placements are carefully made based on applicant interests, and expose interns to the numerous challenges of doing business in an emerging market such as Myanmar.

Who will teach the courses?

Classes will be taught by highly qualified American faculty members who work in Myanmar and who are experiencing the challenges of doing business in this emerging market. Real life case studies from their work will be used.

Ma Cherry Trivedi is Managing Director of Ayuroma International Pte Ltd. (Singapore) – a Myanmar-focused business advisory working in the mining, agriculture, retail, food, telecommunications, real estate/construction and non-profit sectors. Previously, she served as Managing Director of New Cross Roads Asia, President of Aina Sia International Pte Ltd, Founder and Owner of Mehndi Spa/ Amrit Spa Rituals Products, Manager of Lucent Technologies – Switching Unit and Events and Retail Manager with AT&T. She holds a Bachelor of Arts in Biology and Master of Business Administration both from the Illinois Institute of Technology.

Christopher O’Connor received Bachelor of Arts in History and Political Science from Gettysburg College and Master of Business Administration with concentrations in Finance and Accounting from The University of Chicago Booth School of Business. Since earning his MBA, he has been Vice President of US Equity Sales, Head of US Equity Sales & Trading, and Head of Illiquid Assets/Private Equity Investments GME – Europe for Deutsche Bank; Chief Financial Officer of Renew Solution Pte Ltd.; Director of Finance for Nandaw Networks Co., Ltd.; Director of Finance for Ayuroma International Pte Ltd. and Chief Financial Officer of AUM.

William D. Greenlee, Jr. is Partner with DFDL, a regional investment law firm, and Managing Director, DFDL Myanmar Ltd, DFDL’s Myanmar operations. His practice focuses on M&A, corporate and project finance and securities. Mr. Greenlee’s clients include a range of industries including energy, mining, infrastructure, oil and gas, banking, telecommunications and tourism. He holds a Bachelor of Arts in Asian Studies from the University of Oregon and Juris Doctor from the University of San Francisco, and is a member of the State Bar of California, State Bar of Nevada, State Bar of California International Law Section and the Inter-Pacific Bar Association.

Housing

Study abroad students are housed in hotels and apartments of high standard.

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Excursions in Myanmar (included in the program fee)

Bagan – From the 9th to 13th centuries, Bagan was the capital of the Kingdom of Pagan, the first kingdom to unify the regions that would later constitute modern Myanmar. During the kingdom’s height between the 11th and 13th centuries, over 10,000 Buddhist temples, pagodas and monasteries were constructed, of which the remains of over 2200 temples and pagodas still survive.

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Ngwe Saung– With an unspoiled 9.3 mile stretch of silvery sand beach, Ngwe Saung is one of Myanmar’s premier beaches.

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Mandalay– Myanmar’s second largest city and former royal capital is in northern Myanmar on the Irrawaddy River. In its center is the Mandalay Palace from the Konbaung Dynasty, surrounded by a moat.

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Student Services

Health– Two reputable medical clinics are located in Yangon if you should require medical attention.   The International SOS Clinic and Parami Samitivej International Clinic are conveniently located to serve routine and emergency medical needs. The medical insurance included in the Program Fee covers medical evacuation to Bangkok or Hong Kong should hospitalization be required.

Fitness– Residences will either have gym facilities on the premises or nearby. There are also many parks in Yangon suitable for jogging, and many hotels offer non-guests use of their pools for a modest fee. Soccer is the most popular sport in Myanmar. Lessons are also available to learn Burmese kickboxing called Lethwei and Thaing—a marshal art similar to Chinese Kung fu.

Safety

Yangon is a very safe city with considerably less crime than other countries. Crimes against foreigners are almost nonexistent due to strict and enforced laws prohibiting this. In recent years, there have be occasional reports of ethnic flare ups in Myanmar. None of these have ever occurred near Yangon or any of the popular traveler destinations in the country.

Living in Myanmar

Yangon is bustling city that offers a variety of activities. You can visit many pagodas like the Shwedagon Pagoda, ride the circle train around the city, shop in local markets, visit Negar Glass Factory or the neighboring rural town of Dala.

Night life in Yangon– Whether you are craving the bustle of 19th street where a cluster of open air restaurants serve delicious BBQ or a night playing pool and shuffle board at the 50th Street Bar, there are plenty of options. You can attend concerts at the National Theater, join a photo club or relax by a pool.

Revellers celebrate the water festival in Yangon on April 12, 2012. The water festival, called Thingyan in Burmese, is also observed in other Southeast Asian countries such as Cambodia, Laos, and Thailand, is celebrated to welcome the traditional new year. AFP PHOTO/ Soe Than WIN (Photo credit should read Soe Than WIN/AFP/Getty Images)

Dining – Yangon has a variety of options ranging from delicious traditional Burmese curries and Shan Noodle dishes to western comfort foods. Cute cafes are popping up around the city and you can even have pizza delivered to your home. Dining out is very inexpensive from $3 per dish for Myanmar food to $8 per dish for Western food. Many supermarkets carry western snacks as well.

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Transportation

International – There are no direct flights yet between the Western Hemisphere or Europe and Yangon, but there are many easy flight routes. Depending on your departure city, students will most likely connect through Hong Kong, Seoul, Bangkok, Singapore, Kuala Lumpur, Tokyo, Taipei or Doha and then continue on to Yangon.

Local– Students will most likely take city taxi’s, which cost less than $4 per ride. Bus, train, or airplanes are available for travel to other cities in Myanmar. Motorbikes are banned in Yangon.

Visa information – AUM will help you in procuring the documents necessary to obtain a visa. Due to visa restrictions, you will be required to leave the country once during your term. AUM will organize and chaperone a trip to Chiang Mai, Thailand for this purpose.

Cost

PROGRAM CHARGES

            Tuition (15 credits)                                                                                                                               $12,500

            Housing/Student Service Fee  (including housing, overseas medical insurance and Myanmar excursions)         $4,500

            Total Program Charges                                                                                                                         $17,000

ESTIMATED ADDITIONAL EXPENSES – not included in Program Charges

            Bar/Food                                                                                                                                              $2,250

            Airfare                                                                                                                                                  $1,650

            Local Transportation                                                                                                                                 $500

            Books                                                                                                                                                     $100

            Visa/Immigration Requirements                                                                                                                 $400

            Personal spending                                                                                                                                 $1,000

            Total Estimated Additional Expenses                                                                                                        $5,900

 TOTAL ESTIMATED PROGRAM COST                                                                                                               $22,900

The fees, charges, and expenses shown are estimates for one semester, based on current information only and are subject to change. Housing is quoted for double occupancy. Single occupancy is available for a surcharge. Airfare applies to students travelling from North America. Students travelling from elsewhere should check with a local travel agent. The courses offered and faculty members listed are unlikely to change. However, AUM reserves the right to make changes if necessitated.

Semesters

The Entrepreneurship and Emerging Markets: Myanmar – A Country in Transition program is offered both in the fall and spring semesters. The fall semester runs from September until mid-December, and the spring semester runs from January until mid-May.

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Eligibility

You must have completed at least one semester on a university or college campus having earned a minimum GPA of 2.75 and be in good academic standing before you are eligible to study abroad at the American University of Myanmar. The Entrepreneurship and Emerging Markets: Myanmar – A Country in Transition program is particularly suited to business majors. However, students from any discipline are welcome.

Application

Applications are being accepted both for our fall and spring semesters. The deadline for the fall semester is July 15th, and for the spring semester is November 15th. Applications are available online at Study Abroad Application.

Payment

Payment can be easily made by ACH transfer in US dollars directly to our Bank of America® account.

Questions

Please email us with any questions you have.

 

Download the AUM Study Abroad Viewbook.