Saturday, April 1, 2023

FIU strengthens international business education with grant renewal from US Department of Education

The US Department of Education has renewed Florida International University’s Center for International Business Education and Research (CIBER) grant. Growing to $1.33 million, the grant would have a total impact of approximately $2.7 million, with matching amounts.

This grant is one of only 16 CIBER grants awarded to major universities across the country this year and, for the second time, granted only in Florida.

CIBERs were created by Congress to enhance and promote international understanding and the nation’s capacity for competition. CIBER, home to the university’s College of Business (FIU Business), intends to continue to build and/or support more than 50 programs focusing on three themes: Diversity, Equity and Inclusion, Sustainability through Innovation, and student intercultural competence and competitiveness.

“FIU Business is integral to creating leaders who understand the role of international business in a way that benefits the state of Florida and the United States as a whole,” said William Hardin, interim dean of FIU Business. “Our college’s outstanding work in preparing these future industry leaders is recognized in the form of our undergraduate International Business program, which is consistently ranked No. 2 in the US by U.S. News and World Report.”

CIBER will receive $332,499 each year for four years. FIU is supporting the program with a Business Matching Fund.

“The CIBER renewal is an external validation of the leadership role played by FIU Business in international trade,” Hardin said. “International business and international business education give Miami a competitive advantage.”

CIBER in FIU Business will support existing and develop new activities such as the Undergraduate Research Associate Program; interdisciplinary programs involving foreign language and international studies training; international internship and study abroad programs; International Trade Mission; PhD level seminars, webinars and workshops; and faculty research and development programs in South Korea, India and Latin America.

“We are on a strong path with new initiatives on the student front and one where student success is the main focus,” said Sumit Kundu, Associate Dean of International Programs at FIU Business. “I intend to expand our strategic partnership to enhance student and faculty success.”

FIU Business is a global leader in international business education and research. In 2021, the college’s undergraduate International Business program was ranked No. 2 in the US U.S. News and World Report For the third year in a row and in 2022, the International MBA program was ranked No. 5 by US News. FIU’s 20 full-time international business faculty members are considered among the world’s top researchers in this field.

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