Master of Business Administration (MBA) Degree Program in International Business OverviewMajors Overview May 19, 2015
Get information about Master of Business Administration (M.B.A.) degree programs in International Business and their education requirements, coursework, career choices, wage outlook, and continuing education choices.
Master of Business Administration (M.B.A.) Programs in International Business
The primary focus of an MBA in International Business program is on international economics, management fundamentals, and international management tactics. Students enrolled in this program are provided with the opportunity of analyzing foreign markets, including socioeconomic, cultural, and geographic differences, as well as preparing to handle managerial tasks.
The option to specialize in their country of choice is open to students proficient in a foreign language. Internships abroad may be offered to allow immersion by students in global business issues. A capstone course may also be included.
Admission criteria typically require incoming students to hold a bachelor’s degree, in addition to submitting graduate test scores, such as GRE or GMAT and letters of recommendation. A current resume may also be a requirement at some schools.
In today’s economy, the growth of companies is increasingly dependent on global markets. Those who want to combine their interest of business and foreign nations could benefit by pursuing a Master of Business Administration (M.B.A.) program focusing on international business. Students discuss sales contracts and a variety of forms of international organizations and law. Apart from the international aspect of the program, basic business courses in management, strategic planning and finance are covered in the coursework. Core coursework may commonly cover subject areas such as:
•International strategic management
Program graduates can seek employment with international branches of companies or foreign corporations. They are trained to perform various job duties such as translation for the executives of a corporation, overseeing of international branches or analysis of foreign markets for the company. They may choose from popular career options such as:
•International financial manager
•International marketing director
•International management analyst
In May 2012, economists brought in an average annual wage of $91,860, while during the same period, interpreters and translators earned $45,430 on average per annum (U.S. Bureau of Labor Statistics).
Continuing Education Choices
Doctorate programs with an emphasis on international business are also available for students seeking careers in research and academia. Coursework within a Ph.D. program in International Business may cover theoretical studies in social sciences, management, organizational behavior, culture and corporate innovations. Dissertations in these programs, in addition to student teaching, are expected to be completed by students.