International business is a growing field that has many different opportunities for graduates holding a bachelor's degree in international business. Whether you are interested in a career in management or in sales, there are several options available. Management analysts and sales managers can find work in this field in a variety of industries, although more education may be required.
A degree in international business equips one with the knowledge to understand the global business world and excel in an increasingly borderless economy. Students learn how to manage multinational businesses and may take local and national business to an international level. Undergraduate students learn about business administration, finance, accounting and economics. They may also need to take foreign language classes. Additional coursework may cover topics in marketing, information systems and human resources.
College graduates may consider completing a master's degree program, such as Master of Business Administration (MBA) with a specialization in international business. These programs typically take two years to complete and may also allow students to take courses abroad at affiliate international business schools. Coursework may cover advanced topics in accounting, finance and operations, as well as strategy and organizational behavior.
|Career Title||Management Analyst||Sales Manager|
|Education Requirements||Minimum of bachelor's degree||Typically, a bachelor's degree (though significant experience may substitute for education)|
|Other Requirements|| Certified Management Consultant (CMC)
|Projected Job Growth (2014-2024)*||14%||5%|
|Average Annual Salary (2015)*||$91,770||$130,400|
Source: *U.S. Bureau of Labor Statistics
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Graduates can choose a career path that aligns with their area of interest, such as management or sales. Earning voluntary credentials, such as the Certified Management Consultant title, can improve employment prospects for management analysts; some employers prefer candidates with a master's degree. Management roles, such as sales manager, may require some experience in addition to a bachelor's degree. Keep reading to learn more about career options and occupational outlooks.
Graduates with a degree in international business, trade and commerce may consider becoming management analysts. According to the U.S. Bureau of Labor Statistics (BLS), employment of management analysts was expected to increase by 14% between 2014 and 2024 (www.bls.gov). The same source reports the mean annual salary of management analysts in May 2015 working in company and enterprise management was $90,160, while those working in other investment pools and funds earned an average salary of $112,880. The overall average annual salary for management analysts was $91,770.
College graduates may also pursue a career path in sales that may lead to a position as a sales manager. The BLS reported that employment of sales managers was expected to rise by 5% between 2014 and 2024, with high job potential expected for those who have experience with business-to-business sales. The Bureau also reported a wide array of salaries for sales managers, depending on the industry. For example, as of May 2015, sales managers who worked in securities and commodity exchanges earned an average of $180,860 annually, while those who worked in specialized design services earned $172,070, and those who were employed by car dealers received an average of $125,290 per year. The average annual salary for sales managers in general was $130,400.
A bachelor's degree in international business, finance and trade prepares young professionals for careers in the global economy and with internationally-minded businesses. Management analysts and sales managers both have the opportunity to seek careers in international business once they have completed their undergraduate studies. If they want to increase their job prospects, a master's in business administration as well as professional credentials can be beneficial.