Advantages To Earning An Online International Business Degree
An international business degree provides individuals seeking a career in business with the knowledge necessary to advance personal and professional goals. As businesses globalize, the role of qualified business professionals with backgrounds in international business has increased significantly. Many colleges and universities have created innovative curricula to accommodate expanding technologies and increase cultural awareness between nations through on campus and online programs within the discipline of international business.
Most colleges have also created online degree programs developed for students with an interest in international business whose job or family responsibilities prevent them from attending on-campus courses. Online programs allow students to maintain their present jobs while advancing personal, educational, and professional goals from virtually any location. Online degree programs offer students the flexibility of course scheduling, 24 hour access to course materials, and nearly the same experiences as on-campus courses provide. Most online courses consist of groups of 25 students with seminars, instruction, and one on on internet chats with instructors and other students to assist students in achieving their goals.
What Students Learn With An Online International Business Degree
Students enrolled in international business degree programs gain a broad understanding of global economics, human resources, finance, marketing, sociocultural influences that affect trading and investing, and international negotiations. Through an online international business degree, students gain the knowledge and training necessary to maintain the daily operations of a business while maximizing efficiency and productivity. Online international business degrees often consist of courses in: microeconomics, macroeconomics, business mathematics, business statistics, finance, organizational behavior, international trade, cross cultural management, international marketing, international finance, global business strategy, international trade, foreign markets, intercultural management, international negotiation, international business law, human resources, and other courses geared to specializing a degree to meet student preferences at an undergraduate level.
Many international business management programs allow students to participate in foreign language courses to increase communications with clients from other countries. Students may advance to employment or higher degree fields with courses at a graduate level including: ethics, international business management, corporate finance, macroeconomics, organizational theory, risk management, bankruptcy, commercial banking, international trade, economic analysis of multinational enterprise, marketing issues in international business, research methods and data analysis, multinational management, integration and international business, multinational enterprises and economic development, mergers and acquisitions, and comparative employment systems.
Prospective Jobs For Graduates With International Business Degrees
Graduates from an international business degree program often find work within multinational corporations, businesses or agencies dependent upon educational background, skill level, and field of specialization. As businesses expand, the demand for qualified professionals with an international business degree is expected to increase significantly. Graduates who complete a bachelor degree program within the field of international business may qualify for entry level employment as managers, consultants, international financial analysts, international human resources professionals, international purchasers or buyers, cultural advisers, and other jobs in the highly competitive world of international business.
Graduates who complete a master degree program may advance to careers as upper level executives, international marketing directors, financial controllers, multinational managers, business development directors, managers within federal finance departments, and international foreign policy advisers. Graduates who complete doctoral degrees in international business often work as professors or researchers within colleges and universities.
Salary Range For Graduates With International Business Degrees
Earnings for graduates with international business degrees are dependent upon various factors, including: educational level, specialty area, and size and source of employment. Salaries for professionals in the field of international business increase in relation to the demand for professionals adept in managing global economic environments. Salaries for graduates with international business degrees vary significantly. As trade barriers dissolve and technology expands, many corporations seek competent, entry level employees with base salaries ranging from $42,000 to $55,000 annually, depending upon level of responsibility, foreign language proficiency, and related educational background. Some graduates begin their own businesses as entrepreneurs upon gaining related work experience and start up funding and investors.
Earnings for consultants and entrepreneurs can range from very little earnings during their first years in business to well over $175,000 annually. Graduates who work within defense, construction, maritime shipping, or oilfield equipment industries are predicted to have very lucrative careers and higher earnings. As with most occupations, graduates who attain higher level international business degrees tend to earn higher salaries than those with undergraduate degrees.
Career Outlook And Advancement Opportunities For International Business Degree Students
As businesses expand to global markets and economies between the United States and other countries increase trade and corporate relations, graduates from internal business degree programs are predicted to have ample employment opportunities. Graduates who attain international business degrees and specialize training will find many employment opportunities with multiple opportunities to advance in a highly competitive, rapidly growing field. Economic downturns may adversely affect the number of jobs available to qualified candidates as some businesses downsize in attempt to lower costs though some businesses seek employees for assistance in managing profits during recessions. Individuals with advanced degrees, related work experience, high motivation, and diversified skills generally receive performance based incentives, increased job security, promotions, or added responsibilities often have long term, successful, and very lucrative careers.