Field Studies offers students an opportunity to apply the theories and key themes established in the core courses in a dynamic, real-time setting. It is open to all students who have completed at least two terms at the Business School; it may be taken only once and only during a student's term off. The course is supervised by a faculty committee that is appointed by the vice dean; grading is on a pass/fail basis. Students complete a paid or unpaid internship of at least six weeks and are required to gain faculty approval prior to the start of the field study. At the conclusion of the study, students submit an evaluation from their on-site supervisor and a report on an approved topic; students also participate in a debriefing that is conducted by the faculty committee for the benefit of other field study students and the general student body.

Under current regulations, international students holding F-1 visas who enroll in the Field Studies course can be authorized for Curricular Practical Training provided they meet eligibility and procedural requirements.