Masters Degree in International Business
The world of commerce is steadily shrinking and businesses are moving into an increasingly common global economy that demands experts in how to manage markets on a world-wide scale. Those with a masters degree in international business can lead companies into the future by coordinating their efforts to reach undiscovered or under-represented markets and creating enticing and financially feasible business plans to win these new customers.
World trade is growing exponentially due to the rise of Internet business models, increased demand for authentic products from all corners of the globe and expanding import/export opportunities due to the recent lowering of trade tariffs, rapid shipping, and the opening and movement of various national borders. These constantly changing business needs require managers and executives who understand international regulations and can work within the cultural confines of numerous groups of people, governments and religions.
What is Involved in Studying for a Masters in International Business?
Depending on which university or college you choose, the program you study may pursue a masters in international development, a masters in international management or an international business degree. These are really various names for the same basic program – each one will offer courses that introduce you to the world of international business and all offer in-depth specialization options if you wish.
Your classes may include international finance, international marketing, world economics, organizational and policy structure, global operations management, business research and communications and at least one foreign language. The foreign language requirement is usually a prerequisite for a master’s degree in international business due to the likelihood that you will be working with organizations in countries where English is not the primary language. You’ll also develop an in-depth understanding of various business technologies, including software programs and computer networking basics, that enable international communication that is quick, accurate and efficient across business and international lines.
Career Opportunities with a Masters of International Business
The international business graduate’s understanding of currency markets, international trade agreements and corporate law, and familiarity with the complexities of religious and cultural differences across borders gives him or her a distinct advantage. They have the skill and knowledge to enter high level management positions with companies that are global in reach as well as the understanding to deal effectively with other cultures and traditions without causing offense. The opportunities to travel to foreign locations in order to develop new markets is one of the perks of a masters in international business development.
In addition to management, you can also consider a career as an international business consultant, working as a negotiator between corporations to develop new alliances or as a government liaison to develop new market outreach programs or develop understandings with foreign governments. If you are conversant in at least one foreign language, you will be in high demand with companies that maintain a high profile foreign presence.