MBA in International Commerce programs involve rigorous training, assignments, reports, presentations and group projects, all of which prepare students for the stresses and demands of the multi-continental business world. Courses are designed to build a student's business intuition in import/export, international government, international marketing and logistics. Most research and teaching positions require a doctoral degree. Program Specializations include multinational management, international business, commerce and business, among others.
Before being admitted, applicants must hold a bachelor's degree and may need proficiency in a foreign language, along with letters of recommendation. Additionally, submitting GMAT or GRE and TOEFL test scores are typically required for admission into an MBA in Commerce program.
MBA in International Commerce
Students of this type of MBA program will take many core courses focusing on general business practices and concepts in addition to concentration courses in international trade and management. Class topics may include:
- International accounting
- Global human resources
- Corporate governance
- International business ethics
Popular Career Choices and Salary
The knowledge of fundamental international business principles and cultural relations that students gain from this type of MBA program equips them for careers as managers and executives in a global organization. Popular career choices are:
- International financial planner
- Multinational business executive
- Global business entrepreneur
- Global corporate marketer
- International trade investor
Salaries for those with an international business master's degree can vary greatly based on experience level. According to PayScale.com in September 2016, individuals with a master's degree in international business who had 1-4 years of work experience earned a median annual salary of $65,000. At 5-9 years of experience, the median rose to $79,760. For very experienced professionals with 20 or more years in the field, the median salary was $124,800.
Doctoral degrees in business are available. Additionally, continued education is available in many seminars, conferences and managerial or executive development programs. Further business development and knowledge is offered through programs sponsored by executive training organizations, according to the U.S. Bureau of Labor Statistics (www.bls.gov).
International business and commerce is an essential specialty subject when it comes to numerous aspects of contemporary business. An MBA in international commerce can help prospective students achieve a variety of careers in these fields.