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London Business Semester

About the Program
Eligibility and Application
Academic Information
Book List
In London
Pre-Departure and Program Dates
Getting to London


About the Program

We live in an increasingly global world.  We are connected socially, economically and politically.  Yet, the U.S. only accounts for one in 25 people in the world and is only one of more than 200 countries.  You may have traveled to other countries, but have you immersed yourself in the life and culture or another country for over three months?

Enroll in UST's London Business Semester (LBS) for classes that combine theory with practice for relevancy in the real world.  A global perspective will be a component the classes to complement learning in other classes and experiences outside the classroom.

  • Earn 16 credits towards your degree. Curriculum includes: two business core classes (MKTG300: Principles of Marketing and FINC321: Financial Management); BUSN 200: Business Learning Through Service; COJO370: Intercultural Communication and a core requirement in History or Art History.
  • Learn about the history, customs, culture, economy, politics and life in Great Britain and the European Union.
  • Experience London, Great Britain and the European Union first hand by living in London and traveling in Great Britain and the rest of Europe.
  • Make life-long friends with members of your cohort and other LBS alums.
  • You will become a citizen of the world who understands other cultures and countries and is comfortable and confident about being in foreign countries.

For information on the application process view the Eligibility and Application link for information on Small Group Advising Sessions and London Launch Sessions.

Eligibility and Application

  1. Attend one of the Small Group Advising Sessions or a London Launch Session.
  2. Call us at (651) 962-6450 if you cannot attend any LBS sessions. This is a required step in the application process.
  3. Access to the online application for the London Business Semester will be granted to you following attendance of a London Launch Session or a small group advising session at the International Education Center. Access to the application will not be granted prior to these sessions. 
    - The priority deadline to submit applications for 2016 is Friday, December 4, 2015.

London Launch Sessions

Launch sessions are held prior to the application period each fall and attendance is required in order to apply for the program. The sessions give you an opportunity to meet the faculty directors, learn about the program components and what it is like to live, volunteer and study in London.

LBS 2016 Launch Sessions: TBA

Small Group Advising Sessions

Each session lasts approximately 30 minutes and will be held at the International Education Center, MHC 212. Advance registration not required.

2016 Sessions: TBA
Held during convo Hour



  • Business major or minor
  • Junior or Senior standing at the time of the program
  • Minimum cumulative GPA of 2.5
  • Good disciplinary standing, and
  • Complete a formal application and selection interview with Faculty Directors and Study Abroad Staff

Final acceptance will be made after a selection interview.

Note to Accepted Students:  All students accepted into the London Business Semester are required to attend all scheduled pre-departure meetings and orientation sessions. These meetings will take place during the Spring semester, dates will be sent with approval notifications.

Once accepted into the London Business Semester, you will need to sign a release for St. Thomas to obtain a criminal background check in order to be placed at your community service site in London (this is a legal requirement of the U.K.).   The nature of some offences may result in limits to the type of placement or restrict students altogether from obtaining a community service placement in London.   Note that any reported offenses may be recorded onto your UST discipline record, and that serious offenses may result in disciplinary action by UST, including a determination that you are not eligible for Study Abroad programs.

Selection Process

  • Application review by faculty directors
  • Selected students are granted a personal interview. Interviews take place in early to mid-February.
  • Final students will be selected after the interview

The program is limited to 50 students.

Academic Information

Courses Offered
Students are in courses only with other St. Thomas students. Students take at least 12 and up to 16 credits, plus BUSN 200. Courses listed below are subject to change.

Core business courses offered:

BLAW301: Legal Environment of Business (4 credits)
FINC321: Financial Management (4 credits)
MKTG300: Principles of Marketing (4 credits)

All students take:

BUSN 200: Community Service* – each student will receive a placement in London
COJO 370: Intercultural Communication (4 credits)

Additionally, students may select either:

HIST 112: History of the Modern World since 1500 (4 credits); fulfills UST history core requirement; OR
ARTH 355: Art of the Last Hundred Years (4 credits); fulfills UST fine arts core requirement

Course Descriptions

Business Courses

BLAW301 – Legal Environment of Business (4 semester credits): An examination of the business law rules and principles of particular relevance to entrepreneurship, finance, management and marketing. Subjects include contracts, negligence, products liability and warranty, intellectual property, employment law, securities regulation and general notions of legal reasoning and legal process. Prerequisite: junior standing. Instructor:

FINC321 - Financial Management (4 semester credits)
Finance 321 Financial Management:  An examination of the elements of the finance function of the organization as well as the financial analysis of decisions. Topics include working capital management, acquisition of capital, capital budgeting, cost of capital, theories of valuation, and present value. Prerequisites: ACCT 210, ACCT 215 (or ACSC 320 for actuarial majors), STAT 220 (MATH 313 or STAT 314 for actuarial majors), ECON 251, 252, and junior standing.

MKTG300 - Principles of Marketing (4 semester credits): This course uses a managerial point of view. It focuses on understanding the needs and desires of customers in order to develop effective strategies for business. Students are taught to consider organizational, social, competitive, technological, economic, behavioral and legal forces in crafting effective marketing programs. Prerequisites: junior standing.  Instructor: TBA

All Students Take ...

BUSN 200 - Community Service (no academic credit): This experience is required of all business majors. The course follows the Statement of Purpose of the university to "develop morally responsible individuals who combine career competency . . .while fostering in the student a tradition of service to the public welfare." Students will develop an awareness of the challenges and responsibilities in meeting the diverse, changing needs of the community while experiencing personal growth and awareness. Students will choose from a variety of volunteer activities that follow the mission of St. Thomas and also afford them a unique experience in London. The course is graded S-D-R by Barbara Gorski, Director of Community Service at St. Thomas.

Note: BUSN 200 is a required part of the London Business Semester and a U.K. student visa is required to perform community service in London. All program participants are expected to apply for a visa and complete the required 40 hours of BUSN 200 Community Service.  This process is detailed and requires multiple steps. The IEC will provide you complete information, but you must make the application yourself.   You will be required to send your actual passport to the British Consulate in the summer for this purpose and you will not be able to travel internationally during that time; you will need to plan accordingly.   We recommend applying for the visa the very first day possible (90 days plus one week before the program begins); students who apply by very early June typically report that they have their passport with visa returned to them within one month (and while there are no guarantees, it should mean that you would be able to travel internationally by mid-July).     The U.K. Student Visa is issued for the actual program dates and only allows you to enter one week earlier and/or leave one week later than the validity period. More details and complete instruction is provided to students at pre-departure meetings.

COJO370 - Intercultural Communication (4 semester credits): Study of the influence of cultural values on social behavior; examination of theories of intercultural communication; emphasis on effective intercultural interaction. This course fulfills the Human Diversity requirement in the core curriculum. Prerequisite: COJO 211 or sophomore standing.

Optional Core Courses (choose one)

HIST112 - History of the Modern World Since 1500 (4 semester credits):
The Modern World Since 1550 surveys the sixteenth century European foundation and expansion throughout the world down to the end of the 20th century. The course examines the resulting breakthroughs in communication and cultural exchanges between Western civilizations and the Middle East, Asia, Africa and Latin America. Emphasis is placed on the emergence of an interdependent global civilization. Instructor: John Berryman. Fulfills UST core historical studies requirement.

ARTH355 - The Art of the Last Hundred Years (4 semester credits): Over the last 100 years, there have been major changes in ideas about and attitudes toward art. The concept of what constitutes a painting or sculpture and the role of the artist and his relation to society have become major issues. Because of these changes, the path through modern art is sometimes bewildering to follow. In an attempt to clarify the situation, the class will look at movements and trends in 20th century art rather than make a detailed study of the work of individual artists. Includes frequent museum visits. Instructor: TBA. Fulfills UST core fine arts requirement.

Book List: Fall 2015

PLEASE NOTE:  AIFS will allow you to order books online and have them sent directly to London:

<Student Name>
AIFS Student Centre
Dilke House
1 Malet Street
London WC1E 7JN, UK

Alternatively, books may be purchased at Blackwell's or Waterstone's once you have arrived in the UK. 

Intercultural Communication for Everyday Life. Edited by
Author: J.R. Baldwin, R.R. Means Coleman, A. González, and S. Shenoy–Packer
Publisher: Wiley-Blackwell, 2014.
ISBN-13: 978-1444332360

The Legal Environment of Business
Author: Frank B. Cross; Roger LeRoy Miller
Publisher: Cengage Learning

Edition: 9th, Ninth, 9e    Year: 2014
ISBN 13: 9781285428949
Author: Kerin, Hartley and Rudelius
Publisher: McGraw-Hill
Edition: 12th
ISBN-13: 978-0077861032
The $12 Million Dollar Stuffed Shark: The Curious Economics of Contemporary Art and Auction Houses
Author: Don Thompson
Publisher: Aurum Press Ltd
After Tamerlane: The Rise and Fall of Global Empires, 1400-2000
Author: John Darwin
Publisher: Bloomsbury Press
ASIN: B003Z9L4O4 

Fundamentals of Financial Management, 7th Edition (Concise), 2012 (South-Western)
Author: Brigham & Houston
Publisher: South-Western College Pub
Edition: 7th, Concise
ISBN-13: 978-0538477116


In London

St. Thomas' partner organization in London, the American Institute for Foreign Study (AIFS), coordinates the on-site logistics of the program.  AIFS staff members coordinate the student homestays, reserve classroom space, and make the community service placements, etc.

AIFS has an office directly across from the University of London Union (ULU).
Classes are held in the ULU or in nearby buildings of the University of London. Student services are provided by the AIFS staff from their building, Dilke House.  

Students' mail may be sent in care of AIFS at this address:

Student Name
c/o AIFS
Dilke House
Malet Street
London WC1E 7JN

Visit the AIFS site for more information:

Dilke House and the University of London Union are located in the Bloomsbury district of London, very near the British Museum.  Using the Museum as a point of reference makes it easy to locate Dilke House on any London map.

The ULU contains a cafeteria, a bank, a bookstore, a workout room, and a student travel agency as well as classrooms.  See the ULU web site at


London Business Semester students live in homestays with British families.  The homestays are usually in North London, in the Crouch End and Muswell Hill areas, on the Northern and Piccadilly Tube lines.  Students may end up living with a retired couple, a family with children, or a single person.

British homestay environments can be different from American ones.  European home stays may treat students like borders, rather than as members of the family.  However, no homestay is a "typical" homestay, and students will find varying levels of interaction with their home stay hosts.

My homestay was in Muswell Hill, which is about 50 minutes from the city center by bus or tube. I lived with a host-mom, Meg, and the family dog in a three-story Victorian home with my roommate. We had our own room to share and our host-mom gave us each a cabinet and fridge space to store food in the kitchen. Meg was a school teacher, so we saw her mostly in the evening and on weekends. She usually would ask us how our days went and if we needed anything, which was nice because she made us feel like a part of the family. I enjoyed my homestay experience because it allowed me to see a different part of London I would not have been able to see if I had stayed in a dorm.   - Erin, past LBS participant

My roommate and I lived in Northern London in an area called Hampstead, about a block away from Hampstead Heath.  We lived with an older couple who were nice, had hosted many students over the years, and let us have our independence. We lived in a posh house, in a safe neighborhood, and were given our necessities. As college students who were living abroad for the first time, that’s all we really needed. Breakfast was left on the kitchen table for us in the mornings and we were able to come and go as we pleased. Now, I only look back at my time abroad with fond memories.   - Alex, past LBS participant

The homestay aspect of the program was something that I was very excited to experience along with all of the other adventures London offers. Every LBS student stays with one other student from their program and sometimes students from other schools studying in London as well. It offers a fun environment to get to know each other. We also had a kid from California in our homestay. 
My homestay consisted of a British mom and her mother. Our host mom had kids, but they all lived outside the home. She gave us advice on how to get places, what things we should see, and was a good ‘second mom’. I had a great time at my homestay and recently went back to London, and I stopped in for a visit with my host mom. It was a positive experience and I feel that much more connected to London. - 
Mike, past LBS participant

Health and Insurance Forms

Instructions for logging on to AIFS website to download appropriate medical and insurance forms will be provided during the spring semester. 

View information about the international health insurance provided by AIFS here.

Helpful Links

Places to See

Travel Guides

Miscellaneous Sites


2015 Pre-Departure and Program Dates* 

*All dates subject to change

Pre-Departure Meetings

Group meeting Thursday, 12 Feb 12:00-13:00 MCH 100 
Group meeting Tuesday, 24 March 12:00-13:00 MCH 100*Must have passport by this date!
UST Semester
Programs orientation
Saturday, 11 April 8.45am-1.00pm OEC Auditorium
Group meeting Tuesday 14 April 112:00-13:00 MCH 100
Group meeting Tuesday, 5 May 12:00-13:00 MCH 100
Group meeting Thursday, 14 May 12:00-13:00 MCH 100

Program Dates

Monday, August 31, 2015                                               Depart U.S. for London, England.
Tuesday, September 1                                                   Arrive in London.
Wednesday, September 2                                              Orientation begins.
Thursday, September 24 – Sunday, September 27       Excursion to Belgium and France.
Thursday, October 1 – Sunday, October 4                     Optional tour to Scotland.
Friday, October 23 – Sunday, November 1                    Mid-semester break.
Thursday, December 10                                                 Last day of classes.
Saturday, December 12                                                 Program ends. Depart London for U.S.

Getting to London

A suggested flight itinerary will be designated for travel to and from London for the London Business Semester. If you choose to travel on the designated itinerary you will be met at the airport and transported to the AIFS Centre. At the end of the semester transportation will also be provided to the airport.

Traveling on this itinerary is not required, however this is the only travel itinerary where transportation from the airport to the AIFS Centre will be provided. If you choose to find and book a different flight you may either:

- Book a flight that will arrive BEFORE the designated flight that morning and wait for the group to arrive; you can then join the students traveling on the designated itinerary.   BUT NOTE:  You will need a backup plan in case your flight is late since the group will not wait for your flight to arrive.
- Make your own transportation arrangements from the airport to the AIFS Centre upon your arrival.
- If you will not be traveling with the group, research how you will get from the airport to the AIFS Centre. Factor in the cost of ground transportation.

Note the program dates when booking your flight. Your homestay will not be available prior to the official arrival date.


Fall 2015 

Richard Rexeisen
(aka Rex to his former LBS students) is a Professor and Chair of the marketing department.  He has directed the London Business Program on five previous occasions (2000, ’03, ’07, ’08 & ’09).  He has also taught in the semester at sea program (’04) and has extensive international experience.  He has published several empirical studies on the positive effects of study abroad for students and he continues to research strategies that will improve the educational/professional experience of his students.  He consults with start-up & growth oriented companies and is on the editorial board of several academic journals.  During the summers he escapes to his farm up north where he likes writing poetry, working outdoors in the fresh air and musing over the endless possibilities that life has to offer us all.

Mary Daugherty
Mary Daugherty is an Associate Professor of Finance. Mary has had the opportunity to lead the London Business Semester in the fall of 1998, 2006 and 2010.  Mary looks forward to another fabulous “Finance Fun Day” in the fall of 2015 when she and her students will visit some important financial landmarks in London!
Mary also directs the Aristotle Fund, a student managed portfolio that actively invests approximately $5 million of the University of St. Thomas endowment.  Mary has won numerous teaching awards including the Julie Hays Teaching Award in 2011 and the Executive MBA Teaching Award in 2014.  She consults with businesses regarding financial issues/strategies and serves on three corporate boards. 

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Last modified 07/20/2015