Middlebury Institute of International Studies at Monterey

Last Chance

The Peace Corps is retiring its Master’s International graduate school program. Students beginning PCMI by fall 2016 will still be able to participate. If you are interested, please apply to the Institute before July 10, our final deadline for a fall 2016 start.


While earning an MBA graduate degree from the Institute and carrying out the Peace Corps mission, students will apply theoretical classroom knowledge to real-life business development projects.


The Middlebury Institute has a longtime connection with the Peace Corps that goes back 20 years. The Institute is regarded by the Peace Corps as a model PCMI program. In the Peace Corps’ most recent survey, the Middlebury Institute ranked second in the nation in PCMI participation with 25 participants in service. In fact, the Institute ranks fifth in the number of graduate students entering the Peace Corps over its history. About a dozen of our staff and faculty have served as Peace Corps volunteers as well.

How It Works

Students enroll in the one-year or 20-month MBA degree, including a specialized track and capstone project. Students then fulfill 27 months of Peace Corps service (constituting three months of training in country followed by 24 months of service). Upon completion of service, students return to the Institute campus for one final semester (in most cases), either in the fall or spring. Peace Corps service satisfies the language degree requirement for the MBA program.

The Peace Corps Assignment

MBA Peace Corps volunteers work in a variety of fields such as business consulting, NGO development, small enterprise development, and privatization. Typical projects include:

  • Ecotourism
  • Microenterprise development
  • Microcredit financing
  • Textile and creative arts marketing
  • Municipal government capacity building
  • Business education

The Institute will work with the student and the Peace Corps to ensure that the assignment supports the degree studies and the mission of the Peace Corps.

The Business Development Project

During their Peace Corps service, students maintain contact with a faculty advisor as they conduct research and gather information for a business development project related to their Peace Corps assignment. The project is then completed as a three-credit course upon their return to the Institute during the final semester of study. Recent projects have included:

  • Women's and refugees' development issues in African countries
  • Foreign direct investment disparities in Estonia
  • Small business development in the aftermath of armed political conflict in Nicaragua

Scholarships Available

Returned PCMI students are guaranteed a half-tuition scholarship for their final semester of study. The scholarship is dependent upon successful completion of the Peace Corps assignment. Students may also apply for merit or need-based scholarships and financial aid for their studies at the Institute prior to Peace Corps service.

Start Your Application

Prospective students should apply to the MBA in Global Impact Management and Peace Corps separately. To learn more about applying for Peace Corps, visit the official Peace Corps website.

If you have any questions, contact an enrollment advisor.