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Frank G. Zarb School of Business
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Dual Degree Program with Dongbei University of Finance and Economics (DUFE)

Hofstra University, Frank G. Zarb School of Business
Dongbei University of Finance & Economics

The Frank G. Zarb School of Business and Dongbei University of Finance and Economics, also known as DUFE, have partnered to offer students a dual degree (a Bachelor of Business Administration from the Zarb School and a Bachelor of Economics from DUFE) in global business or global finance without the need for additional semester hours. Classes are taught by Zarb and DUFE faculty on Hofstra’s campus and the course work is complemented by a six-week summer internship in China.

Indication of Interest:
Dual Degree Program with Dongbei University of Finance and Economics

When does the program take place?

In the Spring 2017 semester, students will take courses at Hofstra taught by DUFE professors. In Summer 2017, students will travel to China for a six-week cultural immersion and internship program. In Fall 2017, students will take additional courses at Hofstra, taught by DUFE faculty.

Tell me more about Dongbei University of Finance and Economics.

Founded in 1952, Dongbei University of Finance and Economics, also known as DUFE, is a highly-regarded institution and is ranked third for finance and economics in China. With over 20,000 students, 100% of their courses are taught in English. DUFE is located in the city of Dalian, a center for trade and finance. Dalian is one of China’s most prosperous cities, attracting top international companies such as Microsoft, Nokia, Hewlett Packard, IBM, Pfizer and Intel. Located in northeast China on the coast, Dalian is also a popular tourist destination. It is 55 minutes from Beijing and two hours from Shanghai by air travel.

What degrees will I earn after completion of the program?

Upon successful completion of both the Hofstra and DUFE requirements, students will earn a BBA from Hofstra and a BS in Economics from Dongbei University of Finance and Economics.
Note: In order to receive the BS from DUFE, students MUST complete their BBA requirements.

What majors are available in the DUFE program?

Students can choose one of two tracks:

  • Global Business
  • Global Finance
How many DUFE courses will I take at Hofstra?

Students will take five DUFE courses, split between the Spring 2017 and Fall 2017 semesters. In addition, students will enroll in a one-credit internship course during Summer 2017.

What courses will I take in the Global Business track in Spring 2017?

Students in the Global Business track will take the following courses in Spring 2017:

  • Cross-Cultural Comparison and Management
    (Equivalent to MGT 171: International Strategic Management)
  • Chinese Business
    (Equivalent to IB 161: Asian Business or MGT 889: Management elective)

Both of these courses count as major requirements for the BBA in International Business and Management.

What courses will I take in the Global Business track in Fall 2017?

Students in the Global Business track will take the following courses in Fall 2017:

  • Chinese Economy and Society
    (Equivalent to ECO 142: International Economics)

This is a required course for International Business and Finance majors. For all other majors, course will count as a free elective.

  • Case Studies
    (Equivalent to IB 889)

This course will count as a free elective for both International Business and Management majors; not as major elective credit.

  • Multinational Corporations in China
    (Equivalent to IB 152: Readings in International Business)
    This is an elective course for International Business. For all other majors, the course will count as a free elective.
What courses will I take in the Global Finance track in Spring 2017?

Students in the Global Finance track will take the following courses in Spring 2017:

  • Cross-Cultural Comparison and Management
    (Equivalent to MGT 171: International Strategic Management)

This will count as a free elective for Finance majors.

  • International Finance Management: Chinese Perspectives
    (Equivalent to FIN 151: Readings in Finance, a Finance elective)
  • Special Topics in Chinese Financial Sector
    (Equivalent to FIN 152: Readings in Finance, a Finance elective)
What courses will I take in the Global Finance track in Fall 2017?

Students in the Global Finance track will take the following courses in Fall 2017:

  • Chinese Economy and Society
    (Equivalent to ECO 142: International Economics)

This will fulfill the third economics course requirement for Finance majors.

  • Case Studies
    (Equivalent to FIN 889)

This course will count as a free elective for Finance majors not as major elective credit.

What course will I take during the summer session in China?

In the Global Finance track, students will take FIN 174 for one credit.
In the Global Business track, students will take IB 174 for one credit.

Will I need to take extra credits beyond the 128 required for the BBA?

With the proper planning, no additional credits beyond the 128 required for the BBA should be required.
For International Business majors, four of the five classes will go toward their major requirements. The fifth class is a general elective, counting toward the 128 credits needed for graduation.
For Management majors, two courses will go toward their major requirements. The other three classes are general electives; counting toward the 128 credits needed for graduation.
For Finance majors, three courses will go toward their major requirements. The other two classes are general electives, counting toward the 128 credits needed for graduation.
The following summarizes the required courses in the dual degree program:

Major Course Hofstra Equivalent Semester

Global Finance

Cross-Cultural Comparison and Management

MGT 171

Spring

International Financial Management: Chinese Perspectives

FIN 151

Spring

Special Topics in Chinese Financial Sector

FIN 152

Spring

Internship (1 credit)

FIN 174

Summer

Chinese Economy and Society

ECO 142

Fall

Case Studies

FIN 889

Fall

 

Global Business

Cross-Cultural Comparison and Management

MGT 171

Spring

Chinese Business

IB 161/MGT 889

Spring

Internship (1 credit)

IB 174

Summer

Chinese Economy and Society

ECO 142

Fall

Case Studies

IB 889

Fall

Multinational Corporations in China

IB 152

Fall

Can Zarb students with majors besides International Business, Management and Finance apply for this dual degree program?

Yes. However, for other majors within the School of Business, students should meet with Dean Bales to discuss how the DUFE courses will fit into their BBA requirements.

Who will arrange my internship in China?

DUFE will arrange all aspects of the orientation and internship program in China.

What are the costs associated with the internship in China?

Zarb students will be responsible for the following expenses: (please note these costs are approximate)

  • Airfare:  $1,200
  • Accommodations (6-weeks):  $675 - $1,080
  • Meals (per day):  $8 - $16 (DUFE provides a meal pass allowing students to dine in their foreign student dining halls free of charge.)
  • Transportation/taxis (per day):  $8
Will support services be provided during my stay in China?

Yes. DUFE has a proven track record of providing superior support to their international students. Support services are provided on a 24 hour/7 day per week basis and include airport drop off and pick up. DUFE also distributes a comprehensive handbook before students travel to China. Each Hofstra student will be assigned a DUFE student “buddy”. In a recent survey, 100% of students were highly satisfied with the support from China Student Services.

Where will I intern in China?

The internships will be with multinational companies. In Summer 2016, all students interned at Pfizer, either in their finance division or manufacturing plant. Dalian is where the headquarters for Pfizer Global Financial Solutions Asia is located. We plan to diversify the internship offerings during Summer 2017, adding other multinational companies and project-based opportunities. More detailed information on internship opportunities will be available in late October.

What additional programs will be offered during the summer in China?

Students will participate in a cultural immersion program arranged by DUFE. In Summer 2016, seminars were offered in the following areas:

  • Chinese Martial Arts
  • Chinese Language
  • Calligraphy
  • Chinese Culture
  • Tea Ceremony

In addition, company visits were arranged at Citibank, the Dalian Commodity Exchange and
the Pfizer Manufacturing Plant.

Where will I live in China?

In Summer 2016, all students resided at the Ruanjing Apartments, a ten-minute walk from the DUFE campus. Students can elect single accommodations ($24 per day in 2016) or double accommodations ($15 per day in 2016). All rooms are equipped with kitchen facilities, full bath, television, and internet service.

How many students will be in the cohort that begins in Spring 2017?

The inaugural cohort consisted of 15 students. We expect to increase the second cohort to approximately 20-25 students.

For more information, contact Associate Dean Gioia P. Bales, 305 Weller Hall; 516-463-5703; Gioia.P.Bales[at]hofstra.edu


Inaugural Cohort of Dual Degree Students Honored at Graduate Reception

Inaugural cohort of dual degree students were honored at a special graduation reception celebrating their achievement of dual degrees with the Zarb School and Dongbei University of Finance and Economics in China. Benwei Du, University Chairman at DUFE, recognized students for their accomplishments and presented them with an honorary stole signifying their completion of the dual degree program.

Inaugural Cohort of Dual Degree Students Honored at Graduate Reception

Zarb DUFE Brochure
HUWorldChanger
Great Wall of China

Elli Reid, a junior management major from Texas, spent six weeks living and working in China last summer. Even though she didn’t know the language. Even though she’d never traveled outside the U.S before. Oh - and then there was the bungee-jumping, even though she’s afraid of heights.

Meet Some of Our World Changers
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