A background in international business can be applied to almost any business career that works for an organization with international dealings. Those with a master's degree in the field may be qualified for more advanced research or managerial positions. Here we look at just a few of the available careers for graduates with a master's degree in international business.
Related Careers for a Master's Degree in International Business
|Job Title||Median Salary (2016)*||Job Growth (2014-2024)*|
|Market Research Analysts||$62,560||19%|
Source: *U.S. Bureau of Labor Statistics
Related Career Descriptions
A lot of top executives have a master's degree, which helps prepare them for overseeing the operational activities of their organization. A background in international business is highly beneficial, and may even be required, for executives at this level that work in an organization that conducts international business on a regular basis for the executives to have an understanding about global markets and business strategies. In general, these executives develop and enforce policies and procedures that are designed to help the organization reach its goals. They may be responsible for negotiating contracts, hiring managers, examining financial records, finding ways to cut costs and more.
Financial analysts usually need a master's degree for advanced positions, and having a working knowledge of international business may help these professionals as they evaluate different investment options, including investments in international businesses and markets. This requires them to study historical and current financial data, as well as current business and market trends, to make the best recommendation on bonds, stocks and other investments. They may also evaluate an organization's finances to help determine its value, and present their findings in detailed reports. Usually these analysts fall into one of two categories: buy-side analysts and sell-side analysts.
Market Research Analysts
Market research analysts need a master's degree for advanced research positions, and a master's in international business may help these analysts better understand the global market and its current conditions and trends. Market research analysts study the market to predict sales trends and evaluate the effectiveness of marketing strategies. They use statistical software to analyze data from surveys, opinion polls, competitor data and more, and present their findings in reports and charts. Their work may help organizations decide what population to target with their product and what price point may be desirable.
The majority of economists have at least a master's degree and international business can offer insight into various economic issues on a global scale. Some may even choose to specialize as international economists who study exchange rates, international trade and more. In general, economists analyze data to understand current economic issues concerning the production and distribution of goods. Their findings are presented in reports that businesses and officials may use to predict trends, create policies or solve economic problems.
Employers may prefer a financial manager who has a master's degree, and may even require a background in international business for those managers overseeing an organization with international dealings so they understand current conditions of international markets and business trends. Financial managers handle all financial activities and monitor the financial health of an organization by examining financial records, reviewing the budget and overseeing investment activities. They are responsible for finding ways to reduce costs and ensure that the organization is complying with all legal regulations. Financial managers also oversee other financial employees and provide recommendations to management concerning financial decisions that may impact the organization's short- and long-term goals.
A master's degree in international business is a highly flexible degree that can be utilized in almost any business-related career. Many of the advanced positions that require a master's degree also offer relatively high median salaries, some of which are six-digits.