If you have an interest in a career that allows you to travel the world, our International Business Program is for you. Learn about the trends and practices that will make you successful with colleagues and business partners from a variety of backgrounds and cultures.
The job market for international business continues to evolve as advances in technology solidify the expansion of globalization into all areas of business. As corporations establish international operations and expand through global partnerships, demand for specialized skills are predicted to increase. A concentration in international business will prepare graduates with skills in cultural sensitivity and ethics awareness, international marketing, international management, cross-cultural communications and leadership. Graduates with these skills have many job opportunities including: an international business expatriate, a specialist in the public sector, a management analyst, a translator or interpreter, or a short-term cultural advisor.
The job outlook for individuals with international business degrees is expected to grow as fast as or faster than average. According to the U.S. Bureau of Labor Statistics, between the years 2014 and 2024, the job outlook for a management analyst will grow at a rate of 13.6%, translator or interpreter will grow at a rate of 28.7% and marketing management will grow at a rate of 13 %. The development of specialized skills is essential to the improvement of job outlook.
Earnings potential for graduates with international business degrees vary widely depending on many factors including the geographic location, the industry you choose, position, skills and experience. According to the U.S. Bureau of Labor Statistics 2014-2015 Occupational Outlook Handbook, the average annual income for a translator/interpreter is $45,430 compared to a management consultant's average annual income of $78,600. Specialized careers receive higher median annual salaries. An International Finance manager has an average annual salary of $109,740 and an International Marketing manager has an average annual salary of $119,480. Overall, career opportunities and salaries in international business are wide-ranging and reflect the ever-changing global marketplace.
A Bachelors degree qualifies an individual for most entry-level positions. However, a graduate degree will significantly increase the potential of obtaining many positions as well as earning potential.