What is International Business?
As its name suggests, the field of international business focuses on the business activities and trade between different countries. Over the past few years, the internet and other communication techniques as well as improved transportation methods have helped businesses go beyond borders and exploit markets all around the world. Professionals in the field of international business can specialize in an area such as marketing, investment management, finance, strategic planning and organizational development, international trade and resource management. Understanding the global market and capturing new markets is essential in order to ensure the success of any corporation, and to boost industries at home.
What kind of education do I need for a career in international business?
A career in international business is extremely rewarding, and comes with its own set of unique challenges. If you are considering a career in international business, you must have a bachelor’s or master’s degree in this field, or a related concentration. Some of the majors you study include accounting and finance, global economics, international business regulations, marketing, strategic planning and organizational development.
What are some of the jobs in international business?
International business professionals have the opportunity to see different parts of the world, and get in touch with the cultures and traditions of foreign countries. You can work as a global or regional sales specialist, logistics and supply chain management expert, strategic planner or merger and acquisition professional. You can also work as a financial or economic analyst, policy development specialist or marketing professional.
How long does it take to complete a degree in International Business?
There are a number of schools, like the University of Nevada and the Northeastern University, that offer degrees in International Business. Students can enroll in a Bachelor of Science in Business Administration (BSBA) with a concentration in International Business that usually takes 4 years to complete or a Master of Science in International Business, which usually takes 1-2 years to complete.
What are the requirements to complete a degree in International Business?
Students enrolled in the Bachelors of Science in Business Administration (BSBA) with a concentration in International Business are expected to complete a minimum of 120 credits and those enrolled in the Master of Science in International Business program, have to complete 30 credits. The coursework incorporates modules like Managing the Global Enterprise, Becoming A Global Leader, International Marketing, Global Managerial Economics and Global Supply Chain Strategy.
How much can I make after completing a degree in International Business?
After completing a degree in International Business, students can find employment as Sales & Marketing Managers, Business Consultants and Business Executives. According to the US Bureau of Labor Statistics, Sales Managers earned an annual median pay of $124,220 in 2018. Also, the employment in this field is expected to grow by 7%, which is as fast as the average for all other professions. Thus, a career in International Business is rewarding.