Increasing globalization and the consequent growing number of organizations competing on the global stage have given rise to a huge demand for international business degrees. This article takes a look at Master of Business Administration (MBA) degrees in International Business and the nature of careers they can lead to:
Careers for Students with an MBA Degree in International Business
Apart from occupations with global companies that compete in global markets, such as chain restaurants and airlines, graduates of International Business MBA programs can seek employment within nonprofit organizations, government agencies, and in banking. They may also pursue occupations within international companies in the travel and hospitality industry, which have continual dealings with consumers and businesses from the world over.
In April 2014, wage levels and job titles for those holding an MBA in International Business were reported by PayScale.com. The majority of account managers with this degree brought in an average annual wage ranging between $43,588 and $108,496. International sales managers, business development managers, and marketing managers banked average annual wage ranges of $40,134-$119,349, $40,976-$124,800, and $40,976-$116,129, respectively.
Master of Business Administration (M.B.A.) Programs in International Business
Some schools offer master’s degree level international business programs. The popularity of these programs is growing with employees well-versed in global trends sought increasingly by state and federal governments as well as business firms as they are pertinent to both consumer buying and financial markets.
An MBA program in International Business offers several tracks for a student to choose from. These include the culture and language of a particular country, such as German, Japanese or Chinese, aimed at students planning to work with and in countries whose national language is not English. Foreign language proficiency is available in most programs; alternatively, students may provide proof of having taken substantial coursework in a foreign language.
Coursework is devised to master business competencies and cultural skills, among others pertinent to the global marketplace. Coursework may also cover:
•International corporate finance
•International marketing management
•International business management
•International trade economics
Schools offer MBA programs in International Business that require students to study abroad. Students who want to take full-time MBA programs can pursue these. The website of a potential school may be visited by prospective students to verify whether the school has affiliations with schools overseas or possesses international campuses.