The Department of Modern Languages and the Department of Business and Economics offer the major in international business. Rooted in Salem’s liberal arts tradition, this major affirms the benefit of co-curricular programs, emphasizes a global society, and prepares a student for professional leadership roles. The major is designed to meet the needs of students who are interested in combining study in modern languages with a preparation for careers in the global market. Such careers may involve activities in sales, marketing analysis, financial transactions, and correspondence in various kinds of enterprises with a global scope, including banks, import-export companies, international firms, manufacturers, and the travel and tourism industry.

Overview

The goal of this major is to provide students with a working knowledge of a modern language and of the culture and history of the countries where the language is spoken, along with a foundation in accounting, business, and economics. Students will be able to prepare for graduate school, professional school, or corporate training programs by combining their courses in modern languages with work in courses offered by the Business and Economics Department. Study in modern languages and culture is available in French or Spanish. Students who elect this program are strongly advised to spend at least a term studying in a foreign country to increase their language proficiency and knowledge of the foreign culture. Students interested in this major should consult with the department faculty as early as possible, preferably in the first year. Internships are available in the international departments of various businesses. They may be taken during the January Term, in the Salem Signature program, or during the summer. These internships offer the student an opportunity to apply what she has learned in the classroom and to explore career opportunities.

Major/Minor

International Business Major (BA)

The major in international business requires a minimum of 50.5 semester hours including one international internship. At least two of the required language courses and at least three of the required business and economic courses must be completed at Salem. All majors will be expected to demonstrate an appropriate level of oral and written proficiency in their chosen modern language. Five courses are required within a selected modern language area, 10.5 semester hours in business administration, six semester hours in economics, six semester hours in accounting, one international internship, and three additional courses in selected areas of concentration (international finance, international marketing, and international relations).

Required core courses (select one language track):

  • FREN 105. Intermediate French II (4 hrs)
  • FREN 206. Advanced French Composition and Conversation (3 hrs)
  • FREN 210. Business French (3 hrs)
  • FREN 220. Contemporary French Culture (3 hrs)
  • One additional 200- or 300-level FREN course (3 hrs min.)

OR

  • SPAN 105. Intermediate Spanish II (4 hrs)
  • SPAN 206. Advanced Spanish Composition and Conversation (3 hrs)
  • SPAN 210. Business Spanish (3 hrs)
  • SPAN 222. Spain (3 hrs)
  • SPAN 228. Latin America (3 hrs)

Required courses in business administration:

  • BUAD 201. Principles of Management (3 hrs)
  • BUAD 390. Senior Seminar in International Business (2 hrs)
  • FINC 302. Corporate Finance (4 hrs)
  • MKTG 230. Principles of Marketing (3 hrs)

Required courses in economics:

  • ECON 100. Principles of Economics (4 hrs)
  • ECON 260. International Trade and Business (3 hrs)

Required courses in accounting:

  • ACCT 120. Principles of Financial Accounting (3 hrs)
  • ACCT 130. Principles of Managerial Accounting (3 hrs)

Required international internship, appropriate to chosen language:

  • BUAD 270. Internship in Management (3 hrs min.) – must be focused on international business; may be a January Term or Salem Signature internship, with pre-approval from an international business major advisor

In addition, choose three of the following four courses:

  • ECON 210. Intermediate Macroeconomics (3 hrs)
  • FINC 310. International Finance (3 hrs)
  • MKTG 234. International Marketing (3 hrs)
  • POLI 110. Introduction to International Relations (3 hrs) 
Courses

FRENCH

FREN 105. Intermediate French II (4 hrs)

A course to develop fluency and accuracy in the use of spoken and written French. Includes a review of the principles of French syntax, grammar and phonology. Prerequisite: FREN 030, placement or permission of instructor.

FREN 206. Advanced French Composition and Conversation (3 hrs)

Advanced study and practice of some of the finer points of grammar, stylistics, idiomatic expression and pronunciation. Limited to 15 students. Four meetings per week. Prerequisite: FREN 105 or permission of instructor. Offered as needed.

FREN 210. Business French (3 hrs)

Practice in both oral and written forms of communication, with emphasis on their application to practical problems encountered in social or business situations. Attention to social and economic practices which differ from those of the U.S. Two meetings per week. Prerequisites: FREN 105 or permission of instructor. Offered as needed.

FREN 220. Contemporary French Culture (3 hrs)

Political, social, economic and cultural developments in contemporary France. Prerequisite: two 100-level FREN courses or permission of the chair of the department. (GA)

FREN 290. Honors Independent Study in French (3-4 hrs)

Independent study under the guidance of a faculty advisor. Normally open to juniors and seniors with a 3.5 major average in French. Subject to the approval of the chair of the department. Honors work may be taken for a maximum of twice, and cannot be taken concurrently.

FREN 311. Literature and Culture in the Age of Louis XIV (3 hrs)

An intensive study of France from 1643 to 1715. Emphasis on the development of comedy and tragedy, trends in poetry, women’s writing, painting, the beginnings of French opera and the role of Versailles as a hub of cultural production. Prerequisite: FREN 105 and a literature class or permission of instructor.

FREN 312. The Eve of the Revolution (3 hrs)

Introduction to the thought and literature of the 18th century France. Students will examine social and political criticism at the eve of the Revolution through the study of diverse literary texts. Prerequisite: FREN 105 and a literature class.

FREN 313. French Cinema and Culture (3 hrs)

A study of French culture as represented in and created by film. Study of classic films, the new wave, heritage films and feminist film. Open to non- French speakers. Prerequisite for French majors or minors: FREN 100-level course. French majors and minors will have a separate class meeting in French. (GA)


SPANISH                 

SPAN 105. Intermediate Spanish II (4 hrs)

Continuation of Spanish 030. Emphasizes speaking and listening ability, while deepening knowledge of Spanish grammar and understanding of Hispanic cultures. Prerequisite: SPAN 030 or placement by language test.

 

SPAN 206. Spanish Grammar and Conversation (3 hrs)

Advanced study and practice of some of the finer points of grammar, stylistics, idiomatic expressions, pronunciation and translation. Further development of writing skills involving grammar review, writing, reading and conversation. Prerequisite: SPAN 105 or permission of instructor.

 

SPAN 210. Business Spanish (3 hrs)

Practice in both oral and written forms of communication, with emphasis on their application to practical problems encountered in social or business situations. Attention to social and economic practices which differ from those of the U.S. Prerequisite: SPAN 206 or permission of instructor.

 

SPAN 222. Spain (3 hrs)

An overview of the geography, history, culture and government of Spain. Prerequisite: SPAN 206.             

SPAN 228. Latin America (3 hrs)

An overview of the geography, history, culture and governments of Latin America. Prerequisite: SPAN 206.


BUSINESS ADMINISTRATION

BUAD 201. Principles of Management (3 hrs)

An analysis of the historical concepts and environments that play a major part in the changing concepts of management from the Industrial Revolution to today’s Globalization. Specific attention is devoted to the management functions – planning, organizing, leading and controlling – within the context of topics such as planning and goal setting, globalization, human resources, business ethics, motivation, leadership, teamwork, decision- making, communications, diversity, and information technology.

                                       

BUAD 390. Senior Seminar in International Business (2 hrs)

Intensive study of selected topics in international business with an emphasis on current research. Students will be required to complete and present a major research paper. Required of all senior majors.

                

FINC 302. Corporate Finance (4 hrs)

A course of study concerned primarily with the management of capital sources and uses and factors influencing the financial structure, capital budgeting administration and analysis methods. Prerequisites: MATH 070 or MATH 100; ACCT 120. 

MKTG 230. Principles of Marketing (3 hrs)

An introduction to the understandings of marketing and the marketing management process. Includes analyzing marketing opportunities and segmenting, targeting and positioning for competitive advantage. Specific attention will be given to the development of marketing strategy and the marketing mix of product, price, place and promotion. 


ECONOMICS

ECON 100. Principles of Economics (4 hrs)

Introduction to the basic economic concepts of supply and demand, price determination, decision-making by consumers, firms and institutions and the public sector. Examination of national income determination and distribution, inflation, unemployment, fiscal and monetary policy and international trade. (QI, SS) 

ECON 260. International Trade and Business (3 hrs)

The basic principles of international economic relations. Subjects covered include the theories of international trade and investment, international monetary relations and financial markets, the effect of the national and international policies on trade and managing in the international economic environment. Prerequisite: ECON 100. (GA) 


ACCOUNTING

ACCT 120. Principles of Financial Accounting (3 hrs)

An introduction to the procedures and processes through which financial data are generated, stored, synthesized and presented to management and to the public in the form of financial statements: income statements, balance sheets and statements of cash flow. Students in the course will develop an understanding of the rules and practices through which reports are developed, the tools to interpret financial reports and evaluate strengths and weaknesses of business firms and the uses of financial data in decision-making. (QI)

ACCT 130. Principles of Managerial Accounting (3 hrs)

The analysis of financial data for managerial decision making; the interpretation of accounting data for planning and controlling business activities. Emphasis will be given to the role of financial data in decisions regarding the structure of economic institutions and the mix of goods and services produced by a society. Prerequisite: ACCT 120 or permission of instructor. 


Required international internship, appropriate to chosen language: 

BUAD 270. Internship in Management (3 hrs min.)  must be focused on international business; may be a January Term or Salem Signature internship, with pre-approval from an international business major advisor

In additionchoose three of the following four courses:

  • ECON 210. Intermediate Macroeconomics (3 hrs)
  • FINC 310. International Finance (3 hrs)
  • MKTG 234. International Marketing (3 hrs)
  • POLI 110. Introduction to International Relations (3 hrs) 
Internships

Marketing Assistant, Medical Quality Enhancement Corp

Accounting Practice, Farquahason, Pointon & Lepzets CPA

Program Development, Sara Lee Center for Women's Health

Economics Internship, Metro Orlando Economic Development Commission

Brokering/Investments Intern, Smith Barney

Operations Intern, Provident Bank

Management Trainee, Himalayan Bank Ltd

Marketing Intern, Shukuminet Corporation, Tokyo, Japan

Market Research, Algean Corporation

Business Management Intern, Abercrombie and Fitch

Treasury Services Product Solutions, Wachovia

Programming Intern, International Visitors Council

Small Business Management, Erwin and Sons Direct Imports

World Development Intern, Krispy Kreme

Sports Marketing, Pensacola Pelicans

Recent Graduate Schools:

American University, MA in economics

University of Bristol, England, MA in economics

Wake Forest University, MA in accounting

Harvard University, John F. Kennedy School of Government, MA in public policy

University of North Carolina at Chapel Hill School of Law

Success Stories
It was at Salem that I discovered my passion for human rights, and that discovery has directed every decision that I have made in the last few years, including my decision to attend law school. To say that law school requires a lot of hard work and dedication is an understatement, but thanks to Salem, I was very well prepared to tackle the heavy workload. The ability to see the world and analyze an issue from multiple perspectives is a necessary component of the law school experience, and my classes at Salem allowed me to develop this skill. My Salem education and experiences propelled me to receive a full tuition scholarship for law school. I graduated from Salem with confidence because I know how to learn and I know how to create change. As an attorney, the skills, confidence, and passion that I acquired from Salem continue to prove themselves extremely useful. Salem did not only prepare me for law school; she prepared me for my career.
Ama Frimpong

Class Year: 2011

Majors: International business and Spanish, pre-law track, College Honors

Originally from: Ghana, West Africa

Graduate Studies: JD, Wake Forest University

Career: Attorney, Elliot Morgan Parsonage, PLLC, Greensboro, NC

The goal of this major is to provide students with a working knowledge of a modern language and of the culture and history of the countries where the language is spoken, along with a foundation in accounting, business, and economics. Students will be able to prepare for graduate school, professional school, or corporate training programs by combining their courses in modern languages with work in courses offered by the Business and Economics Department. Study in modern languages and culture is available in French or Spanish. Students who elect this program are strongly advised to spend at least a term studying in a foreign country to increase their language proficiency and knowledge of the foreign culture. Students interested in this major should consult with the department faculty as early as possible, preferably in the first year. Internships are available in the international departments of various businesses. They may be taken during the January Term, in the Salem Signature program, or during the summer. These internships offer the student an opportunity to apply what she has learned in the classroom and to explore career opportunities.

International Business Major (BA)

The major in international business requires a minimum of 50.5 semester hours including one international internship. At least two of the required language courses and at least three of the required business and economic courses must be completed at Salem. All majors will be expected to demonstrate an appropriate level of oral and written proficiency in their chosen modern language. Five courses are required within a selected modern language area, 10.5 semester hours in business administration, six semester hours in economics, six semester hours in accounting, one international internship, and three additional courses in selected areas of concentration (international finance, international marketing, and international relations).

Required core courses (select one language track):

  • FREN 105. Intermediate French II (4 hrs)
  • FREN 206. Advanced French Composition and Conversation (3 hrs)
  • FREN 210. Business French (3 hrs)
  • FREN 220. Contemporary French Culture (3 hrs)
  • One additional 200- or 300-level FREN course (3 hrs min.)

OR

  • SPAN 105. Intermediate Spanish II (4 hrs)
  • SPAN 206. Advanced Spanish Composition and Conversation (3 hrs)
  • SPAN 210. Business Spanish (3 hrs)
  • SPAN 222. Spain (3 hrs)
  • SPAN 228. Latin America (3 hrs)

Required courses in business administration:

  • BUAD 201. Principles of Management (3 hrs)
  • BUAD 390. Senior Seminar in International Business (2 hrs)
  • FINC 302. Corporate Finance (4 hrs)
  • MKTG 230. Principles of Marketing (3 hrs)

Required courses in economics:

  • ECON 100. Principles of Economics (4 hrs)
  • ECON 260. International Trade and Business (3 hrs)

Required courses in accounting:

  • ACCT 120. Principles of Financial Accounting (3 hrs)
  • ACCT 130. Principles of Managerial Accounting (3 hrs)

Required international internship, appropriate to chosen language:

  • BUAD 270. Internship in Management (3 hrs min.) – must be focused on international business; may be a January Term or Salem Signature internship, with pre-approval from an international business major advisor

In addition, choose three of the following four courses:

  • ECON 210. Intermediate Macroeconomics (3 hrs)
  • FINC 310. International Finance (3 hrs)
  • MKTG 234. International Marketing (3 hrs)
  • POLI 110. Introduction to International Relations (3 hrs) 

FRENCH

FREN 105. Intermediate French II (4 hrs)

A course to develop fluency and accuracy in the use of spoken and written French. Includes a review of the principles of French syntax, grammar and phonology. Prerequisite: FREN 030, placement or permission of instructor.

FREN 206. Advanced French Composition and Conversation (3 hrs)

Advanced study and practice of some of the finer points of grammar, stylistics, idiomatic expression and pronunciation. Limited to 15 students. Four meetings per week. Prerequisite: FREN 105 or permission of instructor. Offered as needed.

FREN 210. Business French (3 hrs)

Practice in both oral and written forms of communication, with emphasis on their application to practical problems encountered in social or business situations. Attention to social and economic practices which differ from those of the U.S. Two meetings per week. Prerequisites: FREN 105 or permission of instructor. Offered as needed.

FREN 220. Contemporary French Culture (3 hrs)

Political, social, economic and cultural developments in contemporary France. Prerequisite: two 100-level FREN courses or permission of the chair of the department. (GA)

FREN 290. Honors Independent Study in French (3-4 hrs)

Independent study under the guidance of a faculty advisor. Normally open to juniors and seniors with a 3.5 major average in French. Subject to the approval of the chair of the department. Honors work may be taken for a maximum of twice, and cannot be taken concurrently.

FREN 311. Literature and Culture in the Age of Louis XIV (3 hrs)

An intensive study of France from 1643 to 1715. Emphasis on the development of comedy and tragedy, trends in poetry, women’s writing, painting, the beginnings of French opera and the role of Versailles as a hub of cultural production. Prerequisite: FREN 105 and a literature class or permission of instructor.

FREN 312. The Eve of the Revolution (3 hrs)

Introduction to the thought and literature of the 18th century France. Students will examine social and political criticism at the eve of the Revolution through the study of diverse literary texts. Prerequisite: FREN 105 and a literature class.

FREN 313. French Cinema and Culture (3 hrs)

A study of French culture as represented in and created by film. Study of classic films, the new wave, heritage films and feminist film. Open to non- French speakers. Prerequisite for French majors or minors: FREN 100-level course. French majors and minors will have a separate class meeting in French. (GA)


SPANISH                 

SPAN 105. Intermediate Spanish II (4 hrs)

Continuation of Spanish 030. Emphasizes speaking and listening ability, while deepening knowledge of Spanish grammar and understanding of Hispanic cultures. Prerequisite: SPAN 030 or placement by language test.

 

SPAN 206. Spanish Grammar and Conversation (3 hrs)

Advanced study and practice of some of the finer points of grammar, stylistics, idiomatic expressions, pronunciation and translation. Further development of writing skills involving grammar review, writing, reading and conversation. Prerequisite: SPAN 105 or permission of instructor.

 

SPAN 210. Business Spanish (3 hrs)

Practice in both oral and written forms of communication, with emphasis on their application to practical problems encountered in social or business situations. Attention to social and economic practices which differ from those of the U.S. Prerequisite: SPAN 206 or permission of instructor.

 

SPAN 222. Spain (3 hrs)

An overview of the geography, history, culture and government of Spain. Prerequisite: SPAN 206.             

SPAN 228. Latin America (3 hrs)

An overview of the geography, history, culture and governments of Latin America. Prerequisite: SPAN 206.


BUSINESS ADMINISTRATION

BUAD 201. Principles of Management (3 hrs)

An analysis of the historical concepts and environments that play a major part in the changing concepts of management from the Industrial Revolution to today’s Globalization. Specific attention is devoted to the management functions – planning, organizing, leading and controlling – within the context of topics such as planning and goal setting, globalization, human resources, business ethics, motivation, leadership, teamwork, decision- making, communications, diversity, and information technology.

                                       

BUAD 390. Senior Seminar in International Business (2 hrs)

Intensive study of selected topics in international business with an emphasis on current research. Students will be required to complete and present a major research paper. Required of all senior majors.

                

FINC 302. Corporate Finance (4 hrs)

A course of study concerned primarily with the management of capital sources and uses and factors influencing the financial structure, capital budgeting administration and analysis methods. Prerequisites: MATH 070 or MATH 100; ACCT 120. 

MKTG 230. Principles of Marketing (3 hrs)

An introduction to the understandings of marketing and the marketing management process. Includes analyzing marketing opportunities and segmenting, targeting and positioning for competitive advantage. Specific attention will be given to the development of marketing strategy and the marketing mix of product, price, place and promotion. 


ECONOMICS

ECON 100. Principles of Economics (4 hrs)

Introduction to the basic economic concepts of supply and demand, price determination, decision-making by consumers, firms and institutions and the public sector. Examination of national income determination and distribution, inflation, unemployment, fiscal and monetary policy and international trade. (QI, SS) 

ECON 260. International Trade and Business (3 hrs)

The basic principles of international economic relations. Subjects covered include the theories of international trade and investment, international monetary relations and financial markets, the effect of the national and international policies on trade and managing in the international economic environment. Prerequisite: ECON 100. (GA) 


ACCOUNTING

ACCT 120. Principles of Financial Accounting (3 hrs)

An introduction to the procedures and processes through which financial data are generated, stored, synthesized and presented to management and to the public in the form of financial statements: income statements, balance sheets and statements of cash flow. Students in the course will develop an understanding of the rules and practices through which reports are developed, the tools to interpret financial reports and evaluate strengths and weaknesses of business firms and the uses of financial data in decision-making. (QI)

ACCT 130. Principles of Managerial Accounting (3 hrs)

The analysis of financial data for managerial decision making; the interpretation of accounting data for planning and controlling business activities. Emphasis will be given to the role of financial data in decisions regarding the structure of economic institutions and the mix of goods and services produced by a society. Prerequisite: ACCT 120 or permission of instructor. 


Required international internship, appropriate to chosen language: 

BUAD 270. Internship in Management (3 hrs min.)  must be focused on international business; may be a January Term or Salem Signature internship, with pre-approval from an international business major advisor

In additionchoose three of the following four courses:

  • ECON 210. Intermediate Macroeconomics (3 hrs)
  • FINC 310. International Finance (3 hrs)
  • MKTG 234. International Marketing (3 hrs)
  • POLI 110. Introduction to International Relations (3 hrs) 
It was at Salem that I discovered my passion for human rights, and that discovery has directed every decision that I have made in the last few years, including my decision to attend law school. To say that law school requires a lot of hard work and dedication is an understatement, but thanks to Salem, I was very well prepared to tackle the heavy workload. The ability to see the world and analyze an issue from multiple perspectives is a necessary component of the law school experience, and my classes at Salem allowed me to develop this skill. My Salem education and experiences propelled me to receive a full tuition scholarship for law school. I graduated from Salem with confidence because I know how to learn and I know how to create change. As an attorney, the skills, confidence, and passion that I acquired from Salem continue to prove themselves extremely useful. Salem did not only prepare me for law school; she prepared me for my career.
Ama Frimpong

Class Year: 2011

Majors: International business and Spanish, pre-law track, College Honors

Originally from: Ghana, West Africa

Graduate Studies: JD, Wake Forest University

Career: Attorney, Elliot Morgan Parsonage, PLLC, Greensboro, NC

Marketing Assistant, Medical Quality Enhancement Corp

Accounting Practice, Farquahason, Pointon & Lepzets CPA

Program Development, Sara Lee Center for Women's Health

Economics Internship, Metro Orlando Economic Development Commission

Brokering/Investments Intern, Smith Barney

Operations Intern, Provident Bank

Management Trainee, Himalayan Bank Ltd

Marketing Intern, Shukuminet Corporation, Tokyo, Japan

Market Research, Algean Corporation

Business Management Intern, Abercrombie and Fitch

Treasury Services Product Solutions, Wachovia

Programming Intern, International Visitors Council

Small Business Management, Erwin and Sons Direct Imports

World Development Intern, Krispy Kreme

Sports Marketing, Pensacola Pelicans

Recent Graduate Schools:

American University, MA in economics

University of Bristol, England, MA in economics

Wake Forest University, MA in accounting

Harvard University, John F. Kennedy School of Government, MA in public policy

University of North Carolina at Chapel Hill School of Law