MAJOR SPOTLIGHT: International Business
As our world becomes more connected through technology and the global marketplace, the demand for workers possessing degrees in international business is growing rapidly. Many domestic corporations are currently establishing offices overseas, and they need culturally competent and well-trained representatives for their companies. International business graduates are likely to be responsible for facilitating communications and business deals; especially needed are those with a high degree of both expertise in their field and cultural sensitivity. Successful employees should demonstrate strong leadership skills, consistently ethical behavior, and adaptability to rapidly evolving technologies. This career is all about learning how to effectively conduct business on the global scale.
Although there are certainly many jobs available to those who earn their degrees in international business, obtaining a Master in Business Administration (MBA) or a Master in International Management (MIM) takes an additional one to two years and increases career options as well as access to better-paying management and administrative positions. As opportunities and salaries increase, the job market for international business graduates has become more competitive. In the past, having an MBA was more than sufficient to secure a high-paying job, but today, students may want to consider obtaining a Doctor of Business Administration (DBA), equivalent to a PhD, and additional specialized business certifications. The DBA is also strongly encouraged for those who are interested in careers in research or academics.
There are many job options for students who wish to pursue degrees, particularly advanced degrees, in this field. Jobs are available in corporate offices overseas that involve extensive travel abroad. Additionally, there are jobs available in the government sector in fields such as education and healthcare. Another option is consulting, usually in the short-term, within specific areas of business such as banking, law, technology, and international trade. Working as an international accountant, which often requires an MBA and specific accounting licensure qualifications, involves expertise in tax law and currency exchanges along with an understanding of how to read and create financial statements in the format required by other countries and their respective laws. An international economist studies the market, analyzes trends, and makes projections about countries that companies are doing business with overseas. International banking is another lucrative field with excellent job prospects because of emerging international markets. Jobs are available within domestic banks that hold foreign accounts and in internationally owned institutions that do business in the United States.
Students majoring in international business can expect to take classes in management, economics, business law, international finance, foreign languages, international marketing, and international operations. Proficiency in a second language and a high degree of knowledge about software programs and their constantly evolving technologies are crucially valuable skills in today’s market.
This major is suited for students who are interested in business, traveling, and learning about other cultures and languages. It helps to be flexible, a strong communicator, and good with numbers. An excellent understanding of multicultural business etiquette and world affairs is useful as well. There is a fast-growing demand for professionals in this field and above-average job growth projected over the next decade, so majoring in international business could be the first step toward having a successful and fulfilling career.
Possible career paths for international business majors
Business analyst
Foreign affairs specialist
International buyer
Management specialist
Bilingual educator
Customs broker
International trade specialist
International marketing specialist
International banker
Cultural advisor
Import compliance specialist
International economist
International accountant
Corporate trainer
Global sourcing specialist
International financial officer
International consultant
Foreign service officer
Entrepreneur
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