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  • Locations: Paraty, Brazil; Rio de Janeiro, Brazil; São Paulo, Brazil
  • Program Terms: Spring
  • Dates / Deadlines
Fact Sheet:
Language of Instruction:
English Minimum GPA: 2.5
Area of Study: Business, Economics, Finance, General Business, International Management Eligible Year: 3 Junior, 4 Senior, 5 Graduate, 6 Doctoral, 7 Alumni
Scholarships: Figueroa, Honor's Program Type: Faculty-led
Program Description:

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Overview

Pre-trip class sessions: (to be confirmed) Pre-trip: January 27, February 10, February 24, March 03 
Dates Abroad (to be confirmed): March 10th - March 19th, 2017
Post-trip class session (to be confirmed): March 31
Class sessions will be held on NY campus, meeting time: 9 am - 12 pm
**Attendance at all scheduled meetings is mandatory**

This course is an international field study course, which incorporates a one-week trip to Brazil.  While in Brazil, students will attend seminars given by corporate and investment bankers, government officials, and other financial executives.  The primary objectives of this course are 1) to introduce students to the economy of Brazil, find out what it has learned from its current crisis and the steps it needs to take to emerge from it; 2) to study the impact that hosting both the 2014 World Cup and 2016 Olympics had on Brazil and its economy; 3) to analyze the competitiveness of Brazil in a global economy. There will be on-campus lectures discussing the relevant theories and principles prior to our departure on the trip.  The course is open to undergraduate students with junior standing who have completed FIN 260 (Financial Management) and to graduate students who have completed MBA 648 (Corporate Finance).
 

Academics

If approved, students will registered for:

Undergraduate International Field Study in Finance FIN 360 (3 credits)
Graduate International Field Study in Finance FIN 680V (3 credits)

Eligibility:

  • 2.5 GPA
  • Good disciplinary and academic standing
  • Faculty approval
  • Prerequisite: FIN 260 (Financial Management) and junior standing, MBA 648 (Corporate Finance). 

Meet your Faculty Leader(s)

Iuliana Ismailescu  at iismailescu@pace.edu or 212-618-6524
 

Program Cost

2017 program fee (in addition to tuition, Brazil visa, & $100 study abroad fee):
$3,500 plus $160 for Brazil Visa (approximate and subject to change)
  • Includes airfare
  • Hotel
  • Some meals
  • Local transportation
  • Cultural and business site visits
  • Travel insurance
*Students should budget extra funds for meals.
*Please note that this travel cost is approximate and subject to change in the possible event of airline fuel surcharges.

Payment Deadlines:
Deposit Due: November 28, 2016 ($1,000)
Balance Due: January 27, 2017 

For undergraduates, $1,000 Pforzheimer Honors scholarship can be applied if it has not yet been used. Please contact ptemmerman@pace.edu if you would like to utilize the Honors scholarship.

Requesting Financial Aid
You may request that your financial aid package be extended for your study abroad program. We will work with you if you have special circumstances and cannot meet the established payment deadlines. Please contact ptemmerman@pace.edu to request a budget sheet.

Payment Plan
We will work with you if you have special circumstances and cannot meet the established payment deadlines. Please contact ptemmerman@pace.edu for payment plan request.

Scholarship Opportunities:
The Center for Global Business Programs offers international field study scholarships to help fund your travel fees. The Figueroa Scholarship ($2,000) offers awards for competitive students who display academic merit, financial need, and submit a compelling essay. The scholarship round will be open between October 17th and December 2nd, 2016.  Applications can be accessed here.

Cancellation Policy

Please be advised of the Pace University Cancellation Policy below:

"I hereby acknowledge that the University reserves the right to make cancellations, changes or substitutions to the program at any time and for any reason, with or without notice, and that the University shall not be liable for any loss whatsoever to program participants as a result of such cancellations, changes, or substitutions. I understand that the University reserves the right to cancel, terminate, and/or discontinue the program at any time. Any refund of tuition and fees, if appropriate, shall be issued pursuant to the University’s and University program’s policies." 

 

Passport and Visa 

It is important to obtain the necessary documents before you depart for your study abroad program. In order to cross international borders, you must be able to prove your identity and nationality.

Passport
What is a Passport?
A passport is a document issued by your national government that certifies your identity and nationality for the purpose of international travel.  Almost all international travel requires that you have and carry a passport. Your passport must be valid for at least 6 months after re-entry to the United States.
 
For citizens of the United States, passports are issued by the US Department of State and provides many uses:

  • When presented abroad, it is a request to foreign governments to permit you to travel or temporarily reside in their territories and access all lawful local aid and protection.
  • It allows you access to US Consular services and assistance while abroad.
  • It allows you to re-enter the United States upon your return home. 
It is important not to confuse a Passport Book with a Passport Card:
  • A Passport Book is valid for international travel by air, sea, or land.
  • A Passport Card is valid when entering the US from Canada, Mexico, the Caribbean, and Bermuda at land border crossing or sea ports-of-entry. A Passport Card is not valid for international travel by air.

 
How Do I Apply for a Passport?

First time applicants should follow the instructions listed on the State Department’s website. Applicants must bring their completed application, photos, required documents, and form of payment to one of many acceptance offices, which can be found using the State Department's passport acceptance facility search page.
 
Those looking to renew an adult passport should follow the instructions listed on the State Department’s website. For citizens over 16 years of age, a passport is valid for 10 years.
 
The fee to receive or renew a passport is available on the State Department's full chart of costs. It generally takes 4 to 6 weeks to process, so apply for a passport as soon as possible. You could expedite the services at an additional charge.


Visa
What is a Visa?
A citizen of a foreign country who seeks to enter another country generally must first visa, which is placed in the traveler’s passport and allows you to travel to, from, and within that particular country or region legally.

Countries typically break visas down into types that reflect the purpose of your visit—tourism, studying, and working, among many potential others.
 
Each visa has different requirements necessary to obtain them depending on country, type, duration and nationality of the applicant. A country’s consular office should be able to provide you with a list of requirements based on these factors.
 
A visa is a privilege, not a right. A consular office may deny your visa application, so it is best to adhere to their requirements as much as possible.
 
How Do I Apply for a Visa?

Obtaining a visa is your responsibility. It is important that you know what is required of you before attempting to enter a country. Failing to obtain a visa (or the correct visa) could result in a denial of entry into a country, and even criminal charges.
 
You can find the most up-to-date visa information by contacting the consulate or embassy of your host country. US Citizens can also find current visa information on the US State Department website.
 
Non-resident students must reach out to International Students and Scholars Services (ISS) by emailing intlnyc@pace.edu.

  • Check if you will be able to keep your SEVIS record active while participating in the study abroad program.

  • Inquire about re-entry to the US at the completion of your program. Will you need to renew your US visa? Will your travel signature be valid?

  • If it will be your final semester, ask whether study abroad will impact your ability to apply for Optional Practical Training (F-1s).

 

Visa Information for Brazil

U.S. citizens require a tourist visa to enter Brazil. Please be aware that it is your responsibility to apply for and secure your Brazilian visa in a timely manner, as no refunds for the course will be given if you cannot acquire your tourist visa in time. Please read the following visa instructions carefully and get started as soon as possible!

1.  Who needs a tourist visa to go to Brazil?
Travelers visiting Brazil on tourism require a visa to enter the country. If you are a US citizen, you need a visa to enter Brazil. Select countries maintain a visa waiver agreement with Brazil. If you hold a non-US passport, please check here whether your country requires a visa.

2. How do I apply for a visa?
To apply for a visa, you will go through the Consulate General of Brazil Office in Manhattan. As of January 19, 2016, the Consulate General of Brazil in NYC will NO LONGER REQUIRE SCHEDULED APPOINTMENTS for visa applicants. Visa applications will be processed on a first come, first serve basis.

VISA APPLICATION HOURS ARE 1:30 – 4:00 PM, Monday through Friday at 225 E 41st St. btwn. 2nd and 3rd Aves.
VISA PICK UP HOURS ARE 2:30 – 4:00 PM, Monday through Friday.

You must bring the following to the Consulate General:

  • Your passport (valid for at least another 6 months with at least 2 blank pages)

  • Printed and signed application form

  • To fill out online, please visit: http://novayork.itamaraty.gov.br/en-us/visa_form.xml

  • One 2” x 2” official passport photo (glued to the application form)

  • Travel itinerary: printed copy of your booked round-trip ticket (to be provided to you)

  • Application fee paid in US Postal Service Money Order only, made out to the Consulate General of Brazil. Application fees vary according to your nationality. For US citizens, it is $160. You can get a money order near the consulate at the US Post Office at Grand Central Terminal, 450 Lexington Ave. at 45th St. *If your visa is denied, you will not be refunded.

  • Proof of residence (driver’s license, utility bill)

  • Non-US or Canadian passport holders must present proof of financial capability (bank statements from the past 3 months)

3. How long does it take to obtain my visa?
The quoted processing time for visa applications is approximately 5 - 10 business days after you submit, but DO NOT WAIT. This system is fairly new and will most likely take longer to become efficient. Be aware that longer periods may apply during high travel season. There are no expedited services for visa applications—even for visa agencies. Travel agencies are forbidden to offer expedited visa services. Plan accordingly to secure your visa and allow enough time before travel. It is your responsibility to secure your visa in a timely manner and you will not be refunded the travel cost if you cannot obtain your visa in time.

4. What if I cannot go in person for my Consulate appointment?
If for some reason you cannot visit the Consulate to apply in person, someone else may apply on your behalf: direct family members (spouse, parents, children) or one companion (girlfriend/boyfriend, fiancée).
 

Please visit the Consulate website for more details: http://novayork.itamaraty.gov.br/en-us/visas.xml
 


How to Apply

  • To apply, click on the "apply" tab at the top or bottom of this page. Be sure to read all information carefully, as each program has different prerequisites and instructions.

  • For most programs it will take 2-3 weeks after the application deadline has passed to know if you can enroll in the course. This will vary depending on the type of program.

  • After the initial application has been processed by Pace Study Abroad, students will receive an e-mail regarding their enrollment status and instructions on the next steps.



aboutbrazil
  paraty   ilha grande



Currency

Brazil uses the Brazilian Real as its national currency. If you are traveling with your smartphone, it will be useful to download a currency converter app. Some apps are available for use offline, so if you are in an area with no access to WiFi, your app will still work!
 

Currency Converter

<script type="text/javascript" src="//www.exchangeratewidget.com/converter.php?l=en&f=USD&t=BRL&a=1&d=F0F0F0&n=FFFFFF&o=000000&v=1"></script>


Adapters/Converters

Standard electricity in Brazil generally runs between 110/220 volts, while  the US and runs at 110 volts. Although the voltage can be the same, you may want to purchase a power converter in the event the voltage is higher than expected. You will however need to purchase a plug adapter, as the Brazilian plugs are different than those in the US.

What are plug adapters and power converters? Plug adapters allow you to plug your American flat-pronged device into Brazil's two round-prong socket. Power converters protect your appliances from overheating, which usually occurs with high current devices such as hair dryers and curling irons. Most plug adapters and power converters can be purchased in a set but for heating devices it is recommended that you purchase a power cord as well. 

Click here for socket types.


WiFi vs. International Phones

International cell phone options vary depending on your individual wants and needs. Some students choose to disconnect from their home using only local WiFi to keep in touch, while others want to use their phone to keep in touch with family and friends, post to Instagram, Facebook, or surf the web. Be sure to talk with your family before choosing an option. 

International Cell Phone Plans
You can use your own cell phone with an international calling plan. These plans vary depending on your cell phone provider. These plans can be complex so be sure to call your provider for detailed information such as roaming charges, international dialing and receiving of calls and international sending and receiving of texts. 

International Sim Cards
Purchasing an international or global sim card allows you to use your own cell phone at reduced rates around the world. Sim cards are best for travelers who are either visiting many countries and/or going to be in a country for a short period of time. You will keep your own cell phone number, have access to voice, text, and data, but spend less on your call service. You pay as you go and reload your sim card when you need to. In order to do this option, you must have a GSM carrier unlocked cellphone for the sim card to work. To find out if you can unlock your cellphone you must contact your cell phone provider.

Buying or Renting an International Phone
Another option is to buy or rent a cellphone for your time abroad. There are many services that offer cell phone plans from basic, very inexpensive cell phones to expensive smartphones. 
Below are a few websites where you can purchase and international cell phone. Keep in mind there are tons of sites for you to find a phone. Make sure they are legitimate sites (read the reviews).

WiFi and Apps
Turning off your cell phones data and roaming and relying on WiFi is the cheapest way to keep in touch with family and friends. However, with this option you do not have the ability to google directions, food or find a place to listen to a live band. Students can also use WiFi, which us usually available in large chain cafes, hotels, hostels and some restaurants. There are many apps you can use to communicate with family and friends such as Skype, WhatsApp, Viber, Facebook Messenger, Line and more.


Weather

It is pretty warm and humid in Brazil – think southern Florida or Houston in the summer and you have the right idea.  Shorts, jeans, t-shirts, and sports shirts are all common.  In Winter, it can get down to perhaps 60 degrees Fahrenheit at night, so you might want to throw in a light sweater or jacket if you get cold easily. 

You may want to consider carefully what to take if you are a “logo” wearer or if you are used to wearing t-shirts with writing.  Americans and other visitors are generally welcome in Brazil, but if you are perceived as rich, you may attract unwelcome attention. 

Brazilians dress casual and light and if you forget anything, you will find something similar at local stores for a bargain. Bring your favorite pair of sneakers. You will be walking around a lot, and you need very comfortable walking shoes. Another pair of casual shoes for the evening will do. You will need dress shoes only if you are coming on business, or planning to go to the more sophisticated nightclubs. Forget your beach sandals at home, and buy a pair of Havaianas flip-flops at local shops.


 

Health & Safety

 

Your health and safety are Pace International's top priority and it should be yours as well. Always be aware of your surroundings, travel in pairs and make smart decisions. Always have your identification, your insurance card, your hotel card, a debit or credit card, and some cash on you at all times. Do not carry your passport with you unless specified by your professor. Keep your passport, large sums of money, prescription medication, any important documentation and electronics in your hotel room, preferably in a safe at all times. 

While walking around Rio de Janeiro and other Brazilian cities, be conscious of your belongings. Pickpocketing is unfortunately very common in crowded, touristy areas. Pickpockets are usually experienced and you will not know something was taken until possibly hours later. To avoid getting your personal items stolen, wear bags with small locks for the zippers, keep your important documents in a separate compartment from everything else, and do not keep anything valuable in your pockets. You may also want to invest in a money belt.

 


 

#Culture

 

Before traveling to a new country, it is important to do your research. Learn about the history, politics, dress, language, norms, faux pas, food, etc. This can be accomplished with a quick Google search. 


Language

The official language of Brazil is Portuguese and is spoken by more than 99% of the population. If you are unfamiliar with the Portuguese language that is okay, however it is important to learn key words and phrases before you depart. Knowing these key words will help you if you are lost, trying to find a restroom, trying to buy something or simply saying hello. Where ever you travel, it is courteous to learn the native language. It will show you care about their culture and in turn Brazilians will be more willing to help you. If you are unsure of the pronunciation, try it anyway or show them what you are asking for. Brazilian's are very patient and helpful when it comes to learning the language. 

Note: Brazilian Portuguese and European Portuguese are two very different dialects. Do not learn European Portuguese by mistake as many people will not be able to understand you. Also, while in Brazil you may be called a "Gringo" (male) or a Gringa" (female), this is not an insult. It is what Brazilians call foreigners.

Key Words and Phrases

 

Hello

Olá

Good-bye

Adeus

Good Morning

Bom dia

Good Night

Boa noite

Yes

Sim

No

Não

Please

Por favor

Thank You

Obridago(a)

Excuse Me

Com licença

Do you speak English?

Fala inglês?

I don't speak Portuguese?

Eu nao fao portugues.

Where is...?

Onde fica...?

Where is the bathroom?

Onde fica a casa de banho?

How much is...

Quanto é...?

subway

metrô

train

trem (treng)

Hotel

Hotel

Pharmacy

farmacia

Bank

banco


Learn more at BBC Language Lab.
You can also download a language app on your phone. Our favorite is Duolingo but there are many apps out there.
We suggest you download a translator on your phone. It will be useful when asking for directions or if you need to get somewhere quickly.


Food

Being that Brazil is a melting pot of languages, customs, and traditions, its cuisine is similarly varied. In addition, the various types of dishes and ingredients used depends on the geographical location within Brazil. Root vegetables are most commonly used in Brazilian dishes because they grow well in tropical and sub-tropical conditions. Mangoes, papayas, guavas, granadillas, guava, passion fruit and pineapples are among the favorites. Many dishes uses rice and beans as a staple ingredient and are usually paired with beef pork or fish. Feijoda is a typical Brazilian dish made with black beans and several different kinds of meat. You will also find dishes such as vatapa, a shrimp and cashew nut dish; pastel de acelas, which is swiss chard and chorizo sausage tart; cururu de camarao, a gumbo made from shrimp and okra; chancaca, which is glazed salmon with pineapple salsa.


Attire

Brazilians pride themselves on the way they dress and they dress with flair. Casual dress is more formal than in other countries. When in doubt, dress elegantly and err on the side of over-dressing rather than under-dressing.


Norms & Faux Pas


Local Transportation


 


generalinformation


 


Packing Tips 

  • Remember that everything you pack you will need to carry. If you are unable to carry it on your own, then you are packing too much!

  • Leave some room for any new items you may purchase while abroad.

  • Inquire about airline luggage regulations and pack accordingly.

  • Find out about dress customs in your destination and pack clothes that will help you blend-in with the locals.

  • Pack a nice outfit for special occasions.

  • Do not pack anything that you are not willing to lose.

  • If you are going to a place where the temperature will vary, pack clothes that you can layer.

  • Pack clothes that don’t require special wash.

  • You will probably walk more than the usual, bring comfortable shoes! In some destinations closed-toes shoes may be recommended due to possible injuries or infections.

  • Power adaptors and converters as applicable http://www.rei.com/learn/expert-advice/world-electricity-guide.html

  • If you know your roommate, see if you can share some items.

  • Shower shoes

  • Camera

  • Backpack or tote bag for day field trips

  • Find out if you really need to bring a laptop. Keep in mind that a laptop can be stolen, so you may need to carry with you at all times.

  • Cell phone

Things to pack in your carry-on: Follow airline customs and regulations http://www.tsa.gov/traveler-information/3-1-1-carry-ons

  • Passport

  • Visa (if applicable)

  • Financial documents

  • Airline tickets (round trip)

  • Letter of acceptance in your study abroad program

  • Address where you will need to go as well as arrival instructions

  • Important phone number(s)

  • Prescription medications appropriately packed and identified

  • Glasses/contacts

  • Toiletries and a change of clothes in case of baggage or flight delays

  • Cell Phone

  • Pocket Dictionary


 

Flight resources

 

Flying internationally can be an expensive purchase. As a student there are many discounts you can take advantage of. Remember to do your research and compare prices. If you have a credit card that as a point system, you may be able to use those points towards your airplane ticket. If you would like to utilize one of Pace's travel agents to receive quotes for travel separate from the group travel dates, please email Ms. Trish Temmerman at ptemmerman@pace.edu.
 


Parent resources

Dear Family,
Thank you for supporting studying abroad as a significant opportunity in the student's life. Studying Abroad is closely linked with higher grade point averages, shorter time to graduate, and a key to a successful early career as global companies as seen as a high priority by many employers.

Study Abroad Programs have a variety of different financial models, and time commitments. Study Abroad is affordable. Study Abroad is committed to high academic standards and the student will work with the Study Abroad and their respective school/college and department to meet the academic needs.

In addition, the Pace Internationals believes that studying abroad should provide participants with a significant cultural as well as academic experience. Whether it is through a homestay living arrangement, an in-country internship or other planned cultural and social activities, your participant will be given an opportunity to interact with the peoples and cultures of their host country.
 
The Study Abroad team will with each participant to insure that their individual needs and concerns are addressed before, during and after their learning abroad experience. Whatever type of program your family member or friend has chosen, I hope that this information helps you understand their unique experience and helps you provide the support at home that your participant needs to enjoy a rich and profound experience abroad.
 
Please reach out to us with questions or concerns, big or small, regarding your student's studying abroad: ptemmerman@pace.edu

 


Student identity resources

Student Identity Abroad

Pace Education Abroad recognizes and supports a diverse student population on its study abroad programs. Matters of personal identity can impact all students on a study abroad program. For some, it may be the first time you are a minority in your community. For others, you might notice that you are getting attention based on your identity either positive or negative. It is important to remember that you have control over your response to that attention.
 
We encourage you to do some research into social norms, cultural norms, and local practices before choosing and beginning your program. You will want to participate as much as possible in the host culture and should be prepared for the experience, which can be both personally challenging and rewarding. Please consult the Education abroad website as you consider and prepare for your experience abroad.

 


Keeping in Touch

Keeping in touch with family and friends is becoming easier as WiFi is more prevalent in international cities. You no longer need to spent a ton of money to call home or go to an internet café. Downloading apps on your smartphone is becoming an essential resource for travelers.

Some apps that you will find yourself needing:

  • Skype

  • Whatsapp

  • Viber

  • Facebook Messenger 


Money 

Money, money, money… It is an important component to your study abroad program to have all your money matters taken care of before departing. From contacting your banks, to creating a budget and obtaining local currency, this is a step you should begin as early as possible.
 
It is important to contact your banks to let them know you are traveling internationally and for how long. If you do not let your banks know, not only will you not be able to use your credit cards or debit cards, your accounts will be frozen. Unfreezing accounts take time, time in which you will not have any money available for you to use.
 
Creating a budget for yourself is essential to not running out of money abroad and having to call friends or family for additional funds. Below is a budget worksheet to help you stay on track with your money.
 
Taking your credit card abroad is very common and probably the easiest way to make a purchase. Be aware of interest rates and international charges. Some credit cards charge you a lot for a single purchase while others have no international transaction fees. Call your bank to find out what the international transaction fee is on your card. Please note: International cards vary by card, not by company. For example, some Chase cards have zero fees, while another may have a very large fee. Read the guidelines carefully before deciding on a card.
 
Make sure your credit card has a designated pin number. You will need a pin number to make any purchase. If you do not have a pin, or if you are unsure, a quick call to your bank will clear up any confusion.
 
Currency exchange rates can be high and the interest rate at many shops, especially near or in airports or train station, can really hurt your budget. You will generally receive the best exchange rate at your bank. You should being $100 to $200 dollars in the local currency with you. Some banks have the most popular currency, like Euros on hand, while others have to be ordered. This process can take up to 2 or 3 weeks so be sure to do this in advance. If and when you need more cash, an ATM is your best option, but again be aware of transaction fees. Not only will the bank whose ATM you are using charge you, your bank will most likely charge you as well.
 
Below are a list of international credit cards we suggest:

  • Chase Sapphire Preferred® Card

  • BankAmericard Travel Rewards® Credit Card

  • Discover it® 12:12

  • Wells Fargo Propel World American Express

  • Citi ThankYou® Premier Card

  • Capital One® Venture® Rewards Credit Card

  • Capital One® Quicksilver® Cash Rewards Credit Card

  • Capital One® Spark® Cash for Business (all Capital One cards have zero international transaction fees - these are our favorite)



Dates / Deadlines:
Term Year App Deadline Decision Date Start Date End Date
Spring 2018 10/15/2017 11/01/2017 TBA TBA