Careers in International Business
With the continuing globalization of business and business practices, those with education in international business are perfectly primed to enter the world of business today. International business professionals help outsource processes, exchange products on a global scale, and open services to customers and partners from other countries. Sometimes, a smaller business wants to cut costs by hiring less expensive or more productive labor overseas, or a larger business has reached the perfect point to merge with another company to double customers and profits. An international business professional would help organizations through these kinds of changes.
Global business professionals are involved in all aspects of marketing, making connections, and selling products on an international scale. Because this type of education is so valuable, graduates with international business degrees can perform a wide variety of roles, such as project management, business development, marketing direction, and financial analysis. Payscale.com cites average salaries of $47,897 to $138,500 for project managers with international business degrees, and $125,838 to $347,653 for chief financial officers with international business degrees. However, keep in mind that your particular pay and benefits will vary based on industry and the requirements on the position.
Required Education for International Business
An associate degree would be the minimum amount of education required to secure a position in the field of international business. However, most opportunities will be available for students with bachelor’s degrees or higher. An associate degree will provide students with the fundamentals of international business and prepare them to go on to pursue a bachelor’s degree. Students with associate degrees may also secure entry level positions at international companies while they pursue a higher degree. In any international business program, students will focus on differing global cultures in business practices, the history of international trade, current global markets, cultural diversity, business strategy, economics, business writing, financial services and ethics. Bachelor’s and master’s programs will allow students to further specialize their studies and provide expanded career opportunity.
Because much of global communication currently takes place online, students who pursue accredited online degrees in international business will have the opportunity to prepare themselves to interact online at an international level with colleagues and consumers upon graduation.