What Are Some High Paying Career Options in International Business?
Careers with high salary potential in international business include financial analysis, purchasing management and commodities trading. Read on to learn more about these careers.
Career Options in International Business
International businessmen and women can work in various specialties, such as accounting, logistics and human resources, and they can be employed domestically or overseas. In many cases, they perform the same job duties as their counterparts in the U.S.; they just do it on an international scale
Important Facts About Career Options in International Business
|Financial Analyst||Purchasing Manager||Commodities Trader|
|Job Outlook (2019-2029)||4%||-7% decline (for purchasing managers, buyers and purchasing agents)||6% (for securities, commodities and financial services sales agents)|
|Required Education||Bachelor degree; master's degree needed for advancement||Varies by organization; most require a bachelor's degree and experience; master's degree may be required for advancement||Bachelor's degree; MBA is useful for advancement|
|Work Environment||Full-time office job||Full-time office job, travel, overtime||Full-time, working in an office or on the trading floor, high-stress, overtime|
|Similar Occupations||Budget analyst, financial manager, insurance underwriter||Advertising, promotion, and marketing managers, accounting clerk, financial clerk||Insurance sales agent, personal financial advisor, real estate broker and sales agent|
Source: U.S. Bureau of Labor Statistics
International Financial Analyst
International financial analysts help businesses and individuals manage their financial portfolios. They evaluate and recommend investment opportunities and meet with investors and company officials to explain those recommendations. Financial analysts tend to be employed with large firms in major financial centers, such as London, Shanghai or New York City. The mean annual salary of financial analysts was $96,630 in 2020, according to the U.S. Bureau of Labor Statistics (BLS).
International Purchasing Manager
International purchasing managers oversee teams of wholesale and retail buyers and purchasing agents. They also might coordinate complicated purchases and negotiate contracts for supplies. The majority of purchasing managers are employed in manufacturing, wholesale trade or government. The mean annual salary of purchasing managers in the U.S. was $132,660 in 2020, according to BLS figures.
International Commodities Trader
International commodities traders execute trades for commodities, such as grains, food, fiber, livestock, energy and industrial and precious metals, on behalf of individual firms. Traders typically work in the offices of commercial or investment banks or private equity groups. Securities, commodities and financial services sales agents made a mean wage of $96,540 as of 2020, based on BLS figures.