Academic Credit

The FMS training program is available for 6 academic credits (letter grade). The FMS field program is available for 6 credits (letter grade).

It is the participant's responsibility to verify whether the credit receiving institution accepts these graduate course credits from the Monterey Institute of International Studies. Matriculating full-time Monterey Institute students can audit up to 4 academic credits per semester with approval of the instructor. Completion of the 6-unit training course (for credit, as a partial audit, or as a professional artificer) is a pre-requisite for participation in the field program.

Participants seeking academic credits (and who are not enrolled full-time at the Monterey Institute when registering for FMS classes) will pay the standard tuition at $1,615 per unit, or $9,690 for the 6-unit training program (FY 12/13). The aforementioned scenario also includes current Monterey Institute students who are not enrolled fulltime during the summer, fall, or spring semesters.

Students enrolled in a fulltime semester credit load (12 units or more) at the Monterey Institute will be charged the comprehensive semester fee.  Merit scholarships normally apply. Monterey Institute students should contact a financial aid advisor to review their specific situation.

*The FMS program fee is waived for Monterey Institute students enrolled in FMS academic courses through summer 2013. Starting in January 2014, the program fee will apply to MIIS participants seeking academic credit as well as those seeking only the professional certificate). 

In addition to gaining professional experience on the ground, scouts can perform academic research for 4 or 6 credits on a topic of their choice.

Generally, the Frontier Market Scouts field course (4 or 6 units) is only taken by Scouts also enrolled in a graduate degree program at the Monterey Institute.

FMS Field Course Options

Options "A" and B" require students to analyze the basic implicit research question, "What are the factors that lead to a successful venture?" Option "C" allows a student to develop a customized project that is approved by an FMS faculty member. Option "D" is for MPA students planning to complete their capstone while on an FMS field assignment.

A.) Individual-Level: Students will exame the way interviewees express their self-identity by the references they make to past, present, and future actions in a a way that enables an understanding of the implicit dimension of their story. First, students will conduct a literature review that includes both materials relating to the method as well as to the substance. They will then conduct life story interviews with entrepreneurs using an interview protocol that is designed by the student and approved by the professor. Instructor: Dr. Frederic Kropp, MBA Program Chair, Graduate School of International Policy and Management, Monterey Institute

B.) Business Firm-Level: Students will answer the key research question, "What is the best business model and process of business modeling that can lead to success, given the nature of a venture and its environment?" Students will observe, probe, and describe the various parts of the business model as well as its possible configurations, and the strategic logics underlying a particular part or configuration. Students will document and analyze the enterprise business model process as it evolves (often very quickly). After completion of a literature review, students will develop a framework for describing a typical business model design and change process. Instructor: Dr. Yuwei Shi, Dean, Graduate School of International Policy and Management at the Monterey Institute

C.) Customized Project: Contact Dr. Yuwei Shi or Dr. Fredric Kropp for more information.

D.) MPA Capstone: MPA students participating in the Frontier Market Scouts field program can complete an organizational case study as their capstone project. Students should register for the MPA capstone course during the spring or summer semester in conjunction with their FMS field assignment. 2013 MPA capstone advisors include Dr. Edward Laurance (spring) and Dr. Mahabat Baimyraeva (fall).