MBA programs focused on international business prepare students for leadership positions in organizations that operate in international markets. In addition to learning aspects of finance, trade, supply chains, and economics, these programs also emphasize leadership and communication skills to equip graduates to work in a global business context. Online and distance programs in this field allow students to complete the requirements on their own schedule through online courses, email and phone discussions with faculty mentors, and virtual meetings with other students.
Online International Business MBA Program Information
Students in international business MBA programs are typically required to complete between 12 and 16 courses like those outlined below. Although some programs may require in-person residency sessions, courses are usually offered fully online to accommodate students' existing professional responsibilities.
Introduction to International Business
Students in these MBA programs often take preliminary courses introducing particular facets of global business. These classes examine how businesses that operate internationally form initially and how they adapt to changing economies and cultures. Particular attention may be paid to challenges and problems multinational firms must address. Additionally, these classes may examine the impact global business has on politics and cultures worldwide.
Leadership in Global Organizations
International business MBA programs devote attention to issues of leadership that pertain to organizations operating on a global scale. These classes cover communication and negotiation styles that are effective across cultures as well as ways of leading diverse groups of employees. Students learn potential sources of cross-cultural conflict and methods of addressing these. Additionally, leadership classes may examine ethics on both personal and professional levels.
MBA programs emphasizing global business provide students with an understanding of international financial markets. Finance classes examine monetary systems, securities and exchange markets, and international trade. Specific topics may include international investing, budgeting, capital structure, and emerging trends and concerns in international finance. Students should finish finance classes equipped with skills for managing capital and investments in international organizations.
MBA programs typically cover marketing management; in international business programs, this subject takes a global perspective. Classes in international marketing cover the process of new market development and how laws and competitors may impact international business. Students learn how to develop marketing plans that will be effective in other countries and how political and cultural factors impact business and consumer behavior. Specific topics may include trade policies, strategies for sourcing, and international market research practices.
International Business MBA programs usually include coursework in economics in order to help students understand factors that influence global markets and how markets from different countries and regions impact each other. These classes may examine macroeconomic issues including trade deficits and the roles of government policies. They may also cover how current events and trends can influence economics; specifically, students may learn about the impacts of unemployment rates and inflation. Microeconomic issues may also be explored, including cost-benefit analyses, forecasting, and market structures.
Online International Business MBA Admissions Information
Applicants to online MBA programs in international business should submit transcripts reflecting their undergraduate work with their application. These programs also typically require letters of recommendation from professional references and a statement of purpose outlining a prospective student's interest in the program. Applicants should also provide a resume detailing their professional experience, and some programs require that applicants have at least three years of professional experience. Some schools may require additional materials like a response to a particular case study related to the program's curriculum.
Prospective MBA students interested in international business can find several relevant programs online, and these degree programs are structured to accommodate working professionals. They typically include courses in subjects including finance, economics, and marketing, and these programs focus on how these areas function in and impact global organizations.