Middlebury Institute of International Studies at Monterey

Our Joint MBA/MA in International Policy and Development can be taken as a four-semester program plus a summer capstone for 70 credits, or a five-semester program for 80 credits. The core course work prepares graduates to be effective leaders and managers at the intersection of business and international development. Students choose one of three MBA tracks and can also choose to focus on an international region or development issue.

Duration Start Dates Credits Thesis or Practicum Language Competency Program Chair
Two years plus summer, full time August 70 or 80 Capstone required Required Sandra Dow, PhD

Sample course schedule »

Core Course Work

The core interdisciplinary course work and integrated professional experiences will prepare you to launch a career at the intersection of business and international development. The degree requirements are:

1. Business and Global Issues

This course explores the interaction between business management and key global issues facing the world today. Faculty members co-teach during the first few weeks, and students are exposed to a variety of concepts and methodologies, including perspectives on business and impact; survey of pressing global issues; research development, design thinking and lean startup methodology; and strategy development.

2. Business Core (20-month MBA program only)

Course work that provides a fundamental understanding of international business. Sample courses include:

  • Business Statistics
  • Financial Accounting
  • Financial Management
  • Marketing Management
  • Global Business Strategies
  • Managerial Economics

3. MBA Track Courses

Course work in one of three tracks (including sample courses):

  • Resilient Business Management focuses on risk management and sustainability for mainstream businesses under global challenges.
    • Advanced Modeling and Decision Analysis
    • Environmental, Social, and Governance (ESG) Risk Analysis
    • Investment Analysis and Environmental, Social, and Governance Risks
  • Social Enterprise and Finance focuses on the management and financing of business designed to deliver social or environmental bottom lines and operate with corporate social responsibility.
    • Environmental Entrepreneurship
    • Go-to Market Strategies
    • Impact Investing
    • Social Entrepreneurship
  • Corporate Risk Management and Compliance focuses on financial crime, international fraud detection, money laundering, and compliance management in business.
    • Anti-money Laundering, Sanctions, and Tax Compliance
    • Financial Crime Detection
    • Forensic Accounting and Fraud Examination
    • Fraud Risk Management

4. International Policy and Development Core

Course work that focuses on policy analysis, research design, and development paradigms. Students choose from each of the following areas (including sample courses):

  • Applied Social Science Research Methods
    Introduction to Policy and Data Analysis (required) AND one of the following:
    • Introduction to Program Evaluation
    • Leading Capacity Development
    • Fieldwork and Reporting
    • Field Methods
  • Development Paradigms, Discourses, and Theories
    • Politics of Development
    • Development, Theory, and Practice
    • Introduction to Conflict Resolution
    • Human Security and Development
  • Seminar/Applied Practice
    • Leading Social Change Organizations
    • Grassroots Leadership Development
    • Evaluation of Armed Violence Reduction Programs
    • Managing U.S.-Mexico Relations
    • China: Trade, Environment, Security, and Civil Society

5. Shared Economics Requirement

Credits that integrate knowledge of economics and trade with business, policy, and development. Sample courses include:

  • International Trade: Policy and Practice
  • Currency, Capital Flows, and Financial Crises
  • Development Economics

6. Language and Intercultural Competency Core

Courses taught in the language of study combine language skills development with topics related to graduate degree work and professional interests. Our intercultural competency offerings provide students with the cross-cultural communication skills needed to pursue global careers. Sample courses include:

  • Arab-African Relations (in Arabic)
  • Citizenship, Security, and Development in Latin America (in Spanish)
  • Information Technology and Global Issues (in French)
  • Business Chinese (in Chinese-Mandarin)
  • Intercultural Group Dynamics
  • Multilingual Communication in Multicultural Settings

7. Electives

Electives by advisement build on your expertise in domains that will benefit your career.

8. Capstone

The MBA capstone is a semester-long project experience for students to synthesize knowledge about business and global issues, as well as further their professional skills while serving a real-world client. Leveraging institutional partnerships, students choose one of three approved capstone projects:

  • Frontier Market Scouts is an Ashoka approved program that advances purpose-driven work by coaching and training impact-fueled professionals for careers in social enterprise management and responsible investing.
  • International Business Plan
  • Corporate Impact Consulting Project


Internships/Study Abroad

Immersive learning and study abroad provides students with opportunities to gain professional experience in management, business, international policy, international development. These experiences give students excellent networking opportunities and often lead to jobs after graduation.

Program Options

In addition to the 12 or 20-month Joint MBA/MA in International Policy and Development programs, you can also choose from the following options:

  • Paul D. Coverdell Peace Corps Fellows Program
    Returned Peace Corps Volunteers (RPCVs) are encouraged to apply for the competitive Peace Corps Fellows program.


Sample Course Schedules*

12-month MBA

Fall Start, Full Time, Two Semesters and Summer

Fall 1 16 Credits
Business and Global Issues 3
Economics 4
MBA Track Courses 5
Language Studies 4
Spring 1 16 Credits
MBA Track Courses 8
Development Paradigm Course 4
Language Studies 4
Fall 2
16 Credits
Applied Social Science Research Methods 4
Seminar 4
Language/Intercultural Competency 4
MBA Track Courses 3
Electives 1
Spring 2

16 Credits

Seminar/Applied Practice Workshop Courses 6
MBA Track Courses 3
Electives 7
Summer 2
6 Credits
Capstone 6


20-month MBA

Fall Start, Full Time, Five Semesters

Fall 1 16 Credits
Financial Accounting 2
Business Statistics 2
Marketing Management 2
Applied Social Science Research Methods 4
Language Studies 4
Electives 2
Spring 1 16 Credits
Financial Management 2
Development Paradigms 4
MBA Track Courses 6
Language Studies 4
Fall 2
16 Credits
Business and Global Issues 3
Economics 4
Advanced Courses 2
MBA Track Courses 3
Language/Intercultural Competency 4
Spring 2

16 Credits

Global Business Strategies 2
Seminar 4
Capstone 6
MBA Track Courses 4
Fall 3
16 Credits
Seminar/Applied Practice Workshop Courses 4
MBA Track Courses 6
Electives 6


*This is a sample degree schedule. Individual student degree schedules will vary. All curricula are subject to revision and change.