International Business Majors: Career and Salary Facts
Find out about the types of jobs you could pursue with an international business degree. Read on to learn more about potential career options along with salary and education information. Schools offering International Business degrees can also be found in these popular choices.
Career Information at a Glance
Learn about the classes you will take and the skills you will learn in an international business degree program. Read on to see if a degree in international business is for you.
|Management Analyst||Marketing Manager||Sales Representative|
|Education Field of Study||Business,|
|Certification||Voluntary certification available||N/A||Voluntary certification available|
|Job Growth (2012-2022)*||19%||13%||9%|
|Average Salary (May 2014)*||$90,860||$137,400||$68,870|
Source: *U.S. Bureau of Labor Statistics
What Is the Curriculum for an International Business Major?
International business is a broad topic encompassing practical business skills, international politics and world cultures. Your studies as an international business major will cover topics such as:
- International trade agreements
- Political economy
- Multinational organizations
- Global marketing
- Foreign language
You will also take classes in functional business skills, such as finance, economics, accounting, marketing and management. Some schools require you to select one of these skills as a second major to ensure that you understand business functions, as well as their international applications.
Many international business programs offer you the opportunity to study at a foreign university or complete an internship with an international corporation or non-profit organization. Study abroad programs are typically available to college juniors and seniors and can last one semester to a year. International internships are also a possibility.
Where Can I Work?
With an international business degree, you could work in the U.S. or abroad for international organizations, the U.S. government, multinational corporations or U.S.-based businesses that have interests in other countries. Note that many international business majors start their careers in domestic companies or organizations to gain experience in basic business skills. Businesses that hire international business majors include:
- Retail chains
- Accounting firms
What Will My Job Duties Be?
Global expansion of business has increased the need for employees that understand how to expand into international markets and operate business in a culture other than their own. With your bachelor's degree in international business, you may become a management analyst studying the efficiency of a business or organization and suggest ways to improve international outreach and profitability.
Sales of goods and services across national borders might be your job, if you become an international account representative. For this job, you will build business relationships with individuals, corporations and government agencies in different countries. If you choose a career as a global marketing specialist, you may travel around the world researching and developing strategies to sell your company's products or services.
What Will I Be Paid?
Your salary will vary depending on the career path you take. Payscale.com reported that the starting average salary in 2015 for an international business major was $35,000 and the mid-career average salary for someone with about 10-19 years of experience was $67,478.
The average annual wage for a management analyst in May 2014 was $90,860, according to the U.S. Bureau of Labor Statistics (www.bls.gov). The average annual salary of a marketing manager was $137,400, while all sales reps averaged $68,870 per year.
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