MBA programs in international business are generally designed to expose students to both the fundamentals of business as well as advanced concepts related to working in the global business arena. These programs are often available on both full-time and part-time options, and they may offer courses in related to international marketing, finance, entrepreneurship, social responsibility, and more. Learn more about this degree programs and its coursework below.
MBA Programs in International Business: Curriculum Overview
International business MBA programs are typically either offered as concentrations within standard MBA programs or as standalone programs that have been designed specifically with international or global business in mind. These programs vary in terms of format. Some may be offered on weekends or include online components to accommodate students who maintain full-time jobs while pursuing their MBA, while others may be offered in a more traditional format. In terms of curriculum, students are often required to take core MBA courses in addition to concentration courses focused in international business. In other programs, the entire curriculum may have an international business focus. In addition to coursework, these programs often have a travel component, either in the form of a course that is completed abroad during a required trip or an entire term abroad. Below, five courses that are commonly found in the curriculum of international business MBA programs are highlighted.
These programs often require that students take a course that covers international finance, either by giving students a broad overview in the topic or by focusing on specific aspects of finance, like financial markets, policy, or corporate finance. Some topics that could be covered in these types of courses include currency exchange, international monetary regimes, financial crisis, and various international financial institutions. Additionally, students may learn about various financial theories, general economics, and macroeconomic trends.
Students may have the option of taking a course that focuses specifically on the Chinese economy and conducting business in China. This course may focus on the growth of the Chinese economy over the past decades and look at some of the factors that contributed to this growth and development. Additionally, students can learn what is necessary to be successful in business in China and may also look at different types of business markets, like those of technology and media.
New Ventures and Entrepreneurship
It is also common that International business MBA programs include one or more courses that focus on new ventures and topics in entrepreneurship. Students who enroll in such a course can learn about various entrepreneurial strategies and ways to ensure that their new venture is a success. This course might include case studies that provide students with real-world examples of successful entrepreneurial ventures and may also require that students develop their own business proposal and present their idea to the class.
Global Social Impact
A course that focuses on global social impact may also be included in the curriculum of these MBA programs, and it often provides students with an overview of ways in which technology and business can be channeled into creating positive social impact. Topics that may be covered include social responsibility, innovative ways of using technology to solve complex global problems, and how to make ideas scalable. The course may also have a lab component in which students work with and study real-world problems and attempt to devise innovative solutions using their business knowledge.
Global Marketing Strategy
Students may also take a course that covers strategies in global marketing, as knowledge in this field is likely necessary for any international business to be able to develop globally and maintain growth. In this course, students might explore factors that affect marketing strategies across different cultures and countries and various ways that businesses can learn to adapt to different expectations and customs. Students could also look at topics like customer analysis, pricing strategies, distribution, and identifying new markets.
Admissions Standards for International Business MBA Programs
Individuals who would like to enroll in international business MBA programs will need to complete the application process for each program they are interested in to be considered for admission. While this process may vary to some extent by school, applicants will generally need to submit a completed application form, letters of recommendation, a resume detailing their work experience, past academic transcripts, and a personal statement or essay. Additionally, results from the GMAT or GRE are typically required to be considered for admission. Some programs may also include an interview portion or may require a minimum amount of professional experience. All applicants are required to have a bachelor's degree. Applicants are encouraged to check with each individual program to ensure that they meet any specific admission requirements.
In summary, students who enroll in international business MBA programs will take courses that cover a variety of topics, from finance to entrepreneurship, which are designed to help them prepare for successful global careers. A travel component is often a required aspect of these master's programs.