PCMI Program Overview
Available to Fall and Spring incoming students (depending on the program), the Peace Corp Master's International (PCMI) program uniquely prepares students to fulfill challenging Peace Corps field assignments in developing countries. While attaining a degree from the Monterey Institute and carrying out the Peace Corps mission, students will apply theoretical knowledge learned in the classroom to real-life business development projects.
How it Works
- PCMI students enroll for three semesters (or two semesters for Advanced Entry) on Monterey Institute campus to complete core business classes, focused electives, and a team-based international business plan.
- PCMI students then fulfill 27 months of Peace Corps service (3 months of training in country followed by 24 months of service).
- Upon completion of service, MBA PCMI students return to the Monterey Institute campus for one final semester, either in Fall or Spring.
The Peace Corps Assignment
MBA Peace Corps volunteers work in a variety of fields such as business consulting, NGO development, small enterprise development, community development, educational consulting, and privatization. Typical projects include:
- Microenterprise development
- Microcredit financing
- Textile and creative arts marketing
- Municipal government capacity building
- Business education
The Monterey 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 Nations
- Foreign direct investment disparities in Estonia
- Small business development in the aftermath of armed political conflict in Nicaragua
Scholarships Available to PCMI Students
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 scholarships and financial aid for their studies at the Monterey Institute prior to Peace Corps service.
How to Apply
Prospective students should apply to the Monterey Institute and Peace Corps separately. Review admission requirements and apply to the Monterey Institute online. To learn more about applying for Peace Corps, visit the official Peace Corps website.