Careers in International Business

Find out about the types of jobs you could pursue in international business. Read on to learn more about career options along with education and salary information. Schools offering International Business degrees can also be found in these popular choices.

What Is an International Businessman?

The planet gets smaller and smaller with the expansion of world trade. Many companies desire to move their products not only across state borders but international ones as well. Experts are needed in this global field in such areas as finance and analysis. Before moving into new sales sites around the globe, companies need to study and consider the risks involved in such a move.

Two primary careers in international business deal with financial management and management analysis. The following chart provides an overview of the education, job outlook and average salary in this field.

Financial Manager Management Analyst
Degree Required Bachelor's degree Bachelor's degree
Education Field of Study Business administration, finance, international economics, marketing, sales, communication Business administration, finance, international economics, marketing, sales, communication
Key Responsibilities Analyze and conduct global investments, advise clients Observe organizational operations, solve problems and develop competitive solutions
Job Growth (2018-2028) 16%* 14%*
Mean Annual Salary (2018) $146,830*$94,390*

Source: *U.S. Bureau of Labor Statistics

What Type of Work Is Available in International Business?

A few examples of areas where you might find work are:

  • Financial management
  • Market research
  • International banking
  • Global sales
  • Management analysis

As a financial manager at an international firm, you could oversee multinational banking transactions or handle investments for global interests. In this position, you can deal with multinational corporations, in addition to individuals and clients in government. You also might work on protecting a company from fluctuations in currency value.

If you're interested in becoming a management analyst working with international customers, you could be hired to solve problems and help companies be more competitive in a global environment. Some other jobs you can pursue in international business include international buyer, product manager or account executive.

Where Might I Find Work?

If you want to work in the field of international business, you could find yourself living outside of the U.S. or handling international business functions from a domestic location. In addition to jobs at international banks and financial institutions, you could work for insurance companies or law firms that provide services to international clients. You might find work with companies that engage in manufacturing, exporting and importing goods. If you were a manager at one of these companies, you might be responsible for building relationships with companies in other countries in order to find the most cost-effective way to produce a commodity or purchase goods.

You also could find work with market research groups, advertising companies or public relations firms. To work in these firms, you likely would be required to speak a foreign language and be informed about social norms, economic structures and political structures that differ from country to country.

What Is the Growth Potential?

Projected employment growth depends on the type of career you choose. According to the U.S. Bureau of Labor Statistics (BLS), employment of management analysts was projected to increase by 14 percent between 2018 and 2028, partially due to an expansion in international business ( Meanwhile, the BLS reported that jobs in financial management were anticipated to grow by 16 percent for all professions. Demand for market researchers who study foreign markets could lead to employment growth for these professionals.

What Are Some Related Alternative Careers?

Related fields in international business require a bachelor's degree to begin. Accountants and auditors are great careers to start with. These professionals take charge of doing the financial record keeping for a company or business. Another field is market research analysis which involves examining sales projections and trends for a product or service. Loan officers for financial institutions are also a viable alternative and this career requires you to use your skills to evaluate and authorize types of loans to groups or individuals. And finally cost estimators negotiate with vendors and they study data to determine the best deals in purchasing machines or hiring contract labor to update or expand the needed services of a business.

To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below:

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