What Is International Business?
Students interested in conducting business overseas or working with multinational corporations can prepare for these types of careers through undergraduate and graduate programs in international business. These programs' course requirements and study abroad opportunities are outlined below.
Overview of International Business Programs
International business is an interdisciplinary field of study that can provide you with an understanding of business fundamentals and familiarize you with international economics, politics and culture. Many of these programs include a business administration core covering such topics as managerial accounting, marketing and economics. As you progress through the curriculum, you'll also enroll in courses focusing on international business transactions and management techniques.
These programs are designed to prepare you for marketing, consulting, sales, finance and foreign commercial service careers or any other position that requires a knowledge of the global business environment. They might also help you develop the foreign language proficiency and soft skills needed to succeed in this field.
Important Facts About International Business
|Prerequisites||For undergraduate degrees, high school diploma; for graduate work, bachelor's degree and background in business, finance, accounting or statistics|
|Online Availability||Available at both the graduate and undergraduate level|
|Continuing Education||Certification is available through organizations like the Forum for International Trade Training (FITT)|
|Possible Careers||Quality assurance analyst, enterprise architect, chief information officer|
|Median Salary (2018)||$83,610 (for all management analysts)|
|Job Outlook (2016-2026)||14% growth (for all management analysts)|
Source: U.S. Bureau of Labor Statistics
International business programs are commonly available as undergraduate majors; there are also international business certificates offered to students already enrolled in business administration programs. Regardless of which option you pursue, coursework will likely include a handful of foreign language classes designed to help you meet a second language proficiency requirement. You might also need to complete cultural studies classes in addition to your international business coursework. A semester of study abroad is also among common program requirements.
Master's degrees in this field are for experienced business professionals and entrepreneurs who'd like additional training in international business. Some programs offer sub-specializations in international marketing and management or finance and accounting, while others feature courses outlining business strategies for specific geographical areas, such as Asia or Europe. There are even programs that allow students to take on extensive international internships that can last up to four months.
International business Ph.D.s, on the other hand, prepare graduates for academic careers. Core coursework focuses on research methods in addition to international business theory and history. The remaining program requirements allow students to specialize in an area of interest through courses and seminars on such topics as international marketing, monetary economics and accounting.