The MBA in International Business offers degree candidates the opportunity to deepen their knowledge in the international business field. The program provides students the opportunity to analyze foreign markets, including cultural, geographic and socioeconomic differences, and to prepare to handle managerial tasks. Some programs allow students to specialize in their country of choice, especially if they speak the most common language in that country. Programs may require internships abroad that students can immerse themselves in global business issues. MBA programs may also include a capstone course.
Admission into an MBA program requires a bachelor's degree, letters of recommendation, and graduate test scores such as GMAT or GRE. Some programs may also require students to submit a current resume.
Master of Business Administration in International Business
Students enrolled in an MBA in International Business program will study international issues and take basic business courses in finance, strategic planning and management. While the curriculum varies by program, some common courses may include:
- Financial accounting
- Financial management
- International marketing
- International strategic management
- Global finance
Graduates qualify for work within foreign corporations or international branches of companies. Graduates are prepared for a variety of job duties like translating for a corporation's executives, overseeing international branches and analyzing foreign markets for a company. Some careers may include:
- International economist
- International marketing director
- International financial manager
- International management analyst
Salaries can vary, but according to the U.S. Bureau of Labor Statistics (BLS), economists made an average annual salary of $116,020 in May 2018 (www.bls.gov). The BLS also reported that in the same year interpreters and translators made an average annual salary of $55,230.
Continuing Education Information
Universities also offer doctorate programs that emphasize international business. These programs can help students who desire to work as professors or researchers. A Ph.D. program in international business may include theoretical studies in corporate innovations, culture, organizational behavior, management and social sciences. Students are expected to complete dissertations in these programs, as well as student teaching.
MBA programs in international business provide students with a sufficient background in both business practices and global markets. Students usually participate in practical exercises and may be able to choose an area of concentration, such as a specific country to study.