MBA in International Business programs prepare students for a management, trade or general business career that can be conducted on a global scale. These programs typically offer internship opportunities through established companies, which allow students to gain hands-on experience in international business. Standard prerequisites for this degree program include a bachelor's degree from a U.S. institution or a similar degree from a foreign institution.
A Master of Business Administration in International Business can lead to careers like management analyst, administrative service manager and chief executive officer. These MBA graduates specialize in business dealings with companies overseas. The low end of the salary range for these jobs, except for CEOs, is slightly below the national median income, while the high end of the typical salary range is in the low six figures.
|Career Title||Management Analyst||Administrative Service Manager||Chief Executive Officer|
|Education Requirements||Bachelor's degree, MBA may lead to career advancement||Bachelor's degree, MBA may lead to career advancement||Bachelor's degree, MBA may lead to career advancement|
|Projected Job Growth (2014-2024)*||14%||8%||-1%|
|Median Salary (2015)*||$81,320||$86,110||$175,110|
Source: *U.S. Bureau of Labor Statistics
Management analysts, also known as management consultants, work to improve profit margins, worker efficiency and the structure of business and organizations. Specializing in international business allows management analysts to head overseas and advise companies on how to improve. These workers are hired by big and small companies alike to help improve a company's infrastructure.
According to the U.S. Bureau of Labor Statistics (BLS), management analysts made a median annual wage of $81,320 as of May 2015 (www.bls.gov). The lowest-paid management analysts were paid $45,970 or less. The best-paid management analysts made upwards of $150,220. Career opportunities in this field are expected to grow by 14% between the years 2014 and 2024, which is faster than the national average.
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Administrative Service Manager
Administrative service managers can provide international companies assistance with efficient operation and services. These workers often oversee the centralized operation of multiple areas within the company like mailing, scheduling, distribution and data processing. An administrative service manager can improve his or her company with strategies that include examining energy saving techniques or transportation costs.
In May 2015, the median yearly salary for administrative services managers was $86,110. The BLS projected that these management positions will have an 8% job growth from 2014 to 2024.
Chief Executive Officer
Chief executive officers with international business experience can work and manage overseas companies. CEOs who work in the United States can be expected to do business with oversea companies, making international business knowledge valuable. Working alongside other top executives, CEOs help establish and choose a company's policies and goals.
The BLS reported that top executives earned an annual median income of $175,110 in May 2015; however, the lowest-paid workers made $68,600 or less in the same year. The BLS expected a slight decline in job openings from 2014 to 2024 for this career field.
Of the three careers surveyed, job prospects for management analysts are expected to be the best. Applicants for the most lucrative career, chief executive officer, will face very strong competition due to the desirability of the job and the decline in available positions. Holding a master's degree and having a large amount of managerial experience will improve applicants' chances considerably.