Career Potential of a MBA in International BusinessCareer News December 12, 2012
Graduates of a Master of Business Administration in International Business program can aspire for a career path as a chief executive officer, administrative service manager or management analyst, among other options. These professionals fulfill a specialized requirement of business dealings with overseas firms. Barring CEOs, at the lower end, these professionals earn less than the national median income; at the high end, the annual average salary is usually in six digits.
Job Profile of a Chief Executive Officer (CEO)
Armed with experience in international business, CEOs can run and manage overseas firms. CEOs employed in the U.S. bring valuable international business expertise to bear in being able to fulfill business dealings with overseas firms. Along with other top level executives, CEOs work to create organization’s objectives and policies.
Wage Potential of a Chief Executive Officer
In May 2009, CEOs and other top executives earned an average annual salary of $167,280 (source: U.S. Bureau of Labor Statistics (BLS) (www.bls.gov)). At the lowest-paid end, these professionals earned an average annual salary that does not exceed $71,000. The highest CEO salaries were paid in electronics manufacturing, natural gas distribution and securities industries. Zero job growth are projected due to the fierce competition and the high prestige, salary and benefits attracted by these professionals.
Job Profile of an Administrative Service Manager
International firms rely on administrative service managers to assist in running the services and operations efficiently. These professionals are involved in overseeing centralized operations of various functions in a firm, such as data processing, distribution, scheduling and mailing among others. An administrative service manager can make valuable contributions to an organization’s strategic planning focused on cost-saving measures, such as relating to energy and transportation.
Wage and Job Growth Potential of an Administrative Service Manager
In May 2009, administrative services managers earned an average annual salary of $81,530 (source: U.S. Bureau of Labor Statistics (BLS) (www.bls.gov)). About fifty percent of these professionals earned an average annual salary ranging from $53,820 to $100,560. Job growths are projected to be about the same as the average for all occupations. There are going to be more openings at the lower levels and greater competition for openings at higher levels.
Job Profile of a Management Analyst
Firms rely on these professionals who are referred to as management consultants to effect improvements in multiple areas, such as the firms’ structure, employee productivity and profit margins. Armed with specialization in international business; management analysts are equipped to advise overseas firms on what improvement measures they must incorporate. Big and small firms employ these professionals in an effort to achieve infrastructural improvement in such firms.
Wage and Job Growth Potential of a Management Analyst
In May 2009, management analysts earned an average hourly wage of $40.70 that translated into an average annual salary of $84,650 (source: U.S. Bureau of Labor Statistics (BLS) (www.bls.gov)). At the lowest-paid end (10%), these professionals earned an average annual salary that does not exceed $42,500. At the highest end, they earned an average annual salary exceeding $134,820. Job growths of twenty-four percent are projected during the period from 2008 to 2018, the highest among all occupations.