College of Business to Launch Peru Partnership
USF signs agreement with USIL to offer business degree to Peruvian students.
Media Contact: Lorie Briggs, College of Business, 813-974-7280
TAMPA, Fla. (Sept. 24, 2010) – As international boundaries in business continue to disappear, the need for students to prepare to become global decision-makers is critical.
That imperative is why the University of South Florida’s College of Business is extending its global reach in yet another new direction – south, to Peru and the Universidad San Ignacio de Loyola (USIL) in Lima.
USF officials Dwayne Smith, senior vice provost, and Linda Whiteford, associate vice president, Strategic Initiatives, joined USIL President Edward Roekaert this morning in a signing ceremony to kick off a new partnership between the two universities. Led by College of Business Dean Bob Forsythe, the signing was held before an audience of area business leaders and USF students as part of the college’s Executive Advisory Council meeting.
“USF is a pioneering university,” said Roekaert, in expressing his excitement and optimism concerning the partnership, which will start in March 2011. “By building this relationship, we will be able to offer high-quality and affordable programs and give Peruvian students access to the best education available.”
“These students will have the opportunity to obtain a quality American education,” said Forsythe. “Borders are blurred in business. These future executives need to understand how entrepreneurship practices differ across cultures.”
The new program will offer students studying at USIL the opportunity to earn a general business degree with concentrations in marketing and international business from USF without leaving Peru. It is modeled after the College of Business’ current partnership with Singapore’s Center for American Education, which started two years ago. The program will also provide stateside students opportunities to study abroad in South America while learning from USF faculty and earning credits toward a USF business degree.
“Not only will Peruvian students benefit from this program, our faculty will too,” said Forsythe. “By traveling to Peru, USF faculty can explore the area and get to learn business practices in the country, bringing back that knowledge to our students at home.”
Jackie Nelson, who leads USF’s undergraduate business programs and helped orchestrate the partnership said, “For USF, students, the partnership means they will have an exciting study abroad destination.”
According to International Affairs Dean Maria Crummett, more students from the College of Business participate in study abroad programs than from any other USF college. “The College of Business truly understands the significance of being global and international in the 21st century,” she said during the ceremony.
Similar to the relationship USF has with Singapore’s Center for American Education, USF is partnering with Broward College to make the program available to Peruvian students. Broward College offers an associate’s degree to students that is transferrable to the USIL and College of Business’ new program. Business majors in the Peruvian program will experience much of the same coursework as USF business students. At least 60 percent of the classes in the program will be taught by USF faculty who will travel to Peru for courses lasting three weeks each.
Once students complete their coursework, they are able to graduate with a bachelor of business administration degree from USF. Just this past summer, the inaugural class of the Singapore program graduated, earning a degree that will give them a greater chance of jumpstarting their career in their home country.
While student benefit is the primary reason for the partnership with USIL, there are other benefits, including a financial benefit for the college itself. According to Forsythe, the program will not involve state funds and will be self-sustaining, funded by the revenue generated in Peru.