Binational Business Program-Fullbright
Sep 28, 2010 by Juliana Leticia Moreno
The main focus of this unique Fulbright Program is to give U.S. students the opportunity to acquire professional experience by working for a company or an NGO in Mexico. In addition, this program allows grantees to take some graduate courses (a minimum of 3 and a maximum of 6 over the course of the program) in academic areas such as business, finance, international trade, and comparative-law among others, to supplement their work experience). The Fulbright-García Robles grantees work as interns five days a week in their assigned companies, and attend university in the evening: one to three days per week. Refer to the program in your Statement of Proposed Study and list under Special Programs on the Fulbright application.
Application must be submitted through IIE or the applicant’s U.S. college or university. More information can be obtained by visiting www.iie.org or contacting IIE Program Manager, Jody Dudderar, (212) 984-5565, email@example.com. Please note that this award is referred to as the “Fulbright/Garcia Robles Grant” on IIE’s website.”
Excellent spoken and written Spanish is required at the time of application.
Academic Year: September through June. 10 months. Academic year.
Applicants: Applicants with a bachelor’s in business administration, finance, economics, international relations, engineering, or accounting, or some other business-related field and some work experience are preferred. Candidates with graduate studies will also be considered. Candidates with a bachelor’s degree in other fields but with a demonstrated interest in business will also be considered.
Significant work experience in a business environment is strongly recommended for these candidates and for candidates who do not have a business-related degree.
Applicants should take into consideration that this Fulbright grant will cover basic living expenses in either Mexico or Monterrey. One round- trip ticket (U.S.-Mexico-U.S.) will be covered. Grantees may incur additional costs related to working in a business environment that are not covered by the grant.
Statement of proposed study:
Instead of a research proposal, the following three points should be addressed: 1) Areas where the applicant could benefit from and make the best contribution to a Mexico-based company conducting international business; 2) Aspects of the applicant’s academic background (coursework, workshops, special courses, etc). and professional experience (specific jobs and assignments) that would allow the applicant to benefit from the experience and contribute to a company during the internship and in the classroom; 3) Expected benefits from the internship and courses and their relationship to the applicant’s future career plans. In mid February 2010, COMEXUS will conduct telephone interviews in Spanish with recommended candidates prior to final selection.
Affiliation and Placement:
Following final selection, the Commission will arrange the placement of grantees through trilateral matching involving participating companies, grantees and the Commission. In this process, grantees and companies express their three best placement options in order of preference. Grantees in Mexico City will attend courses at the Instituto Tecnologico Autonomo de Mexico (ITAM) or the Instituto Tecnologico de Estudios Superiores de Monterrey (ITESM) Campus Santa Fe while those grantees located in the City of Monterrey will be placed at the ITESM.
In the three two years, COMEXUS has placed grantees in the following companies: Ashoka, Banamex, Banorte, Endeavor, Fondo Unido, Grupo BAL, NAFTA Fund, New Ventures, Procter & Gamble, Prudential Real Estate Investors, Rothschild Bank, Scotiabank, and Volaris among others. Please note that the list of participating companies and NGOs is subject to change every year. While the majority of placements are with for-profit companies, each year there are usually opportunities to work in the non-profit sector as well.
Strucure of Grant:
The Binational Business Grant is structured to provide grantees with business, academic, and cultural experiences in Mexico. This tripartite structure achieves the Binational Business Program’s goals of fostering mutual understanding and respect, the exchange of culture and ideas, and the building of interpersonal relationships between future Mexican and U.S. business and political leaders. In addition to their internships and coursework, grantees are invited to participate in cultural activities and events organized by the Commission, thus ensuring that the grantees have sufficient opportunities to expand their knowledge of Mexico beyond the office and the classroom.
In terms of the professional benefits of the program, those grantees with only undergraduate degrees have been able to obtain business placements that give them levels of responsibility that they might not be able to get in the U.S. These grantees frequently place primary emphasis on their work placements, and often end the Fulbright grant year with offers of full-time employment (either in Mexico or at the U.S. or European office of the firm). Similarly, grantees without graduate degrees who would like to go on to higher study have had success in being accepted to the most competitive U.S. business and law schools. Grantees with graduate degrees have been able to obtain educational and work experiences which complement their formal education, enabling them to achieve a competitive advantage in the business world upon the completion of the program.
Benefits: Tuition: University fees are covered by the grant.
Medical Insurance: Limited health coverage provided.
Dependents: Additional dependent allowances of $150 per month for one dependent and $250 per month for two or more dependents.
*Allowance levels are subject to change at the discretion of the Commission. All payments are in U.S. dollars unless requested otherwise.
Visa Requirements: For all awards, grantees must have an FM-3 visa before entering the country under a Fulbright-Garcia Robles scholarship. The Commission will process the FM-3 visa for the grantees and their dependents prior to their arrival in Mexico. Those candidates possessing dual U.S. and Mexican nationality are required by Mexican law to enter Mexico on their Mexican passport and will not receive an FM-3 visa.
The issuance of all visas is the responsibility of the Instituto Nacional de Migración and the Commission has no control over the timeframe of this process.
Starting Date: September 2011.
Period of Grant: 10 months (September through June is preferred).
Application Deadline: IIE online application deadline is October 18th, 2010. If currently enrolled, and applying through your home university, campus deadline may vary. This deadline may be up to six to eight weeks prior to the general Fulbright application deadline.
Application must be submitted through IIE or the applicant’s U.S. college or university. More information can be obtained by visiting www.iie.org or contacting IIE Program Manager, Jody Dudderar, (212) 984-5565, firstname.lastname@example.org.
Selection Process: First round selections take place through IIE in New York during November/December 2010. Final stage selections are held at COMEXUS in Mexico City in February 2011. All final selections are contingent upon approval from the J. William Fulbright Foreign Scholarship Board.
Results: Final results will be announced March 2011.
Number of Grants Awarded: Up to 10.
Contact: Mtra. Julie Jack