Name of the University: Sir John Cass Business School, City University Part of degree: BSc in Business and Economics (Siviløkonom) Exchange semester: Spring, 2012 I GENERAL INFORMATION ABOUT THE SCHOOL 1. Describe the school and its surroundings – very short Cass Business School is situated in the Financial District in the City of London (the Square Mile). City University has its main base at Northampton Square, which is about ten minutes from Cass. Most of the lectures are held at City. The School consists of a high level of staff and students and Cass’ Undergraduate program is currently ranked 1st London and 3rd in the UK for Business. 2. Current faculty divisions and special areas. o City University London Faculty of Actuarial Science and Insurance Pensions Social insurance Life insurance General insurance Health insurance and long term care Mortality and morbidity Reliability, Maintenance and related topics Dependability of Computer Based Systems Faculty of Finance Financial Markets Regulation and Finance Money and Banking Investment and Risk Management Econometric Analysis Shipping and Transportation Real Estate Finance Faculty of Management Strategy Innovation and Entrepreneurship Human Resource Management Governance and Pay E-Business Knowledge Management Professional Services Voluntary Sector Management Marketing and Innovation in Services o o o o o o International Business School of Arts School of Engineering and Mathematical Sciences School of Community and Health Sciences School of Informatics The City Law School School of Social Sciences 3. Number of students - graduate and undergraduate – number of exchange students City University has in total 21 000 students, whereof 14 000 are undergraduate students, and 7 000 are graduate students. There are 3000 students at Cass Business School, whereof 1300 are undergraduates. There were approximately 60 exchange students at Cass Business School. 4. Study structure The study structure is quite similar to the one at BI. However, the study structure at Cass might consist of a little more work during the semester than at BI. II PRACTICAL INFORMATION Information before you left o When did you receive the information package from the University? I received the confirmation letter with some basic information on e-mail early in November. I also received an information package by mail. This contained a lot of information concerning the school, its surroundings, housing guide and a map of London o Any difficulties? No, I received all the information I needed. Visa Procedure and travel experiences o What problems, if any did you encounter? I did not have any problems. o Does the visa cost anything? You do not need a visa in London. This is due Norway’s EEA membership. o How did you order your ticket – any problems? On my first flight to London, I ordered my plane ticket through SAS. This was due to their maximum weight limit (25 kg), which was essential when bringing a lot of luggage. SAS offers youthfare tickets that cost about 1500 NOK. Also, it might be useful to know that it is very easy to travel from either airport to the place you are staying. When travelling with SAS or British Airways you will land on Heathrow. From Heathrow airport you can just take the tube into the city. When travelling with Ryanair going to Stansted you can just take the train to Liverpool Street Station, which is quite near the student halls and the university. At Gatwick, used when travelling with Norwegian Airlines, the train went from Gatwick Airport to Victoria Underground Station, which is almost in the middle of the city. The information packet that you will receive from Cass contains useful information on how to get from all the different airports to the university, with different transportation methods. Academic Calendar o Arrival date – introductory week I arrived at the student halls at Friday, January 13th. The international office hosted an exchange student orientation and welcome at January 18-20. o First day of the semester? The semester started in the week commencing January 23th. o Last day of classes? Last day of classes was at the 5th of April o Examination period? 8 May – 31 May o Any special events? There are hosted many different events at Cass in the different modules, faculties etc. For instance, I attended an educational visit to Redmayne-Bentley Stockbrokers. The visit was very interesting, where we learned about the history, how they work etc. Other visits were for example visits in different investment banks, Bank of England among others. It is highly recommended for prosperous exchange students. Reception o How was the reception at the school? The International Office held a cheese and wine reception one of the first days of school where we had the opportunity to get to know other exchange students. o Was the administration and faculty well prepared for your arrival? Yes, they were very well prepared. o Did the school’s students participate in the reception of the exchange students? The school’s students did not participate in the reception of the exchange students. Housing o Did you have housing at your disposal or did you have to find your own housing? I applied for a residence in the University’s student halls as soon as I received my confirmation letter. o What support did you receive from the school in locating housing? I got support from the study abroad officer, who helped me in getting in touch with the people in the halls. o Any special issues or good ideas for prospective students? You should apply for the student halls as fast as possible. The rent in the private market in London is usually more expensive compared to the prices of what is normal in Norway. By living in the student halls, you will also get to know a lot of the people from the Uni. It may be compared as to living in a socalled dorm in the American colleges. Costs o Describe the most important expenses such as rent, books, food, etc. In the student halls, rent is approximately £3800 a semester. When it comes to books, you will be handed out lecture notes for all of your classes. Therefore, it will only be in some modules that you will have to buy books for the classes. When using the tube, you buy an Oyster Card, which is a pay-asyou-go system. The prices on food and drinks in the grocery stores were lower than in Norway. It is more common to eat some meals during the week out in different restaurants, due to that the prices are quite low compared to Norway. The International Office o Is there an international office? Yes. It is situated at City University, in the Drysdale Building, 3rd floor. o How does the international office function? The international office helps you with any queries or problems that you might have. They are very helpful and kind. o Do you receive all relevant information? The international office will send you all the information you need during the semester. I never felt that I did not get the information that I needed. Exchange promotion o What kind of activity did you take part in to promote exchange to Norway at your exchange university? I did not have the chance to promote exchange to Norway or BI since I had classes to attend when the international exchange fair was held. Social Activities o How is your relationship with other students? I got to know some other Norwegian and Swedish full-time students on both Undergraduate and Graduate level. You might also meet a lot of other people too, but as there usually was many exchange students in each class, you will know them the best. o How is the relationship among the exchange students? Most of the exchange students were members of a group on Facebook. This made it easier to get to know one another, and also arrange for different activities and gatherings. The invitation to this group came early in December. o Is there a student organization, and if so, are the exchange students a part of it? There is a Student Union at City University, but the exchange students were not a part of the Union. o How do you like it at the school? All in all, the school is very good. Culture and Language o Do you have any language problems with the faculty or other students? No. Something you might experience being different from the Norwegian Universities are of course the many minorities and a broader cultural background in the different classes. o How are the possibilities to experience the country and the culture? The possibilities are very good. You have the chance to travel all over England and Scotland. Also, be aware that there is a high-speed train, Eurostar, going from London to different cities like Paris (2hrs), Brussels (2hrs), Amsterdam and so forth. You will have the chance to travel if you just prioritize your time right. Cultural and Social Effects from the Exchange Experience o How do you think the exchange experience will affect you from a cultural and social point of view? When being on exchange, you will learn very much about the British culture. Also, you will learn a lot about other cultures from the different exchange students as well. o How do you think the exchange experience influences your future career possibilities? My language skills have rapidly become better through the semester. I have learned a lot about many other cultures, as well as getting friends from all over the world. The exchange experience has also given me important advantages concerning a stronger resume. III ACADEMIC INFORMATION The Teaching situation o In which language are the courses taught? Any problems? All courses are taught in English. I personally did not have any problems. o How would you evaluate the level of study in relationship to the level at BI? The level of study is similar to that at BI. o Is the teaching primarily practical or theoretical? The teaching is primarily theoretical, although the different modules focus on giving interesting and real-life courseworks. o Are the professors using cases, group work or lectures (or a mix)? Each module usually contain of one or two courseworks, or presentations, or a mid-term test. You will experience having at least one task during the semester counting approximately 30% of you final mark. o How is the workload compared to that at BI? The workload is more spread out the semester. This is making you work a little more through the semester, although the workload is at a fair level. o How is the relationship between faculty and students? The relationship is usually based on classroom interaction. The professors are available by phone and e-mail, as well as they have different office hours when students can visit. o What is the relationship between the students in the classroom? The students in the same module usually attend to the same type of study program. Naturally, one class might consist of students from different programs as some modules are electives. Required Literature o Is the literature in English? Yes. o How do you estimate the level of the literature? The level was similar to that at BI. o Is the literature used for detailed knowledge or a broad overview? The literature is mostly used for detailed knowledge, while the lectures are used for the combination between a broad overview and a more detailed approach. o Is exam based on the literature or on the lectures? The exams are primarily based on the lectures, but also on the literature. This depends on the course. Exams o What types of exams were you given? The exams were written exams consisting of 135 minutes, and 15 minutes of read time. No aids were given. o What knowledge level was required to pass the exams? The level required to pass the exams were similar to the level at BI, 40% to pass. Other o Do students have easy access to the library and it’s resources? Students have easy access to the library and its resources. o How is the access to the computers? The access might be limited. I preferred sitting in the Cass building as the access there was better. Anyhow, I mostly used my personal laptop. o How is IT used in the teaching or as a distributor of information? Depending on what modules you are attending, IT is used in most classes for PowerPoint Presentations and coursework. Modules taken at Cass Business School: FR2105 Corporate Risk Management Final written exam: 70%. Group coursework: 30% FR2203 Company Valuation Final written exam: 70%. Midterm test, multiple choice: 30% FR2209 Portfolio Theory and Investment Valuation Final written exam: 70%. Group coursework: 30% FR2210 Alternative Investment Management Final written exam: 70%. Group coursework, trading game: 30%