International Business Degrees in Today’s Global Marketplace

Published on: 19 August 2019 Last Updated on: 12 September 2024
International Business Degrees

Globalization, the international business trend toward greater integration among the world’s economies, has recently hit some bumps in the road. In fact, one buzzword you hear nowadays is “globalization.”

Brexit, the pending withdrawal of the United Kingdom from the European Union, has created widespread uncertainty in global markets, as has President Donald Trump’s trade war with China, threats of tariffs against other countries, and repudiation of international trade agreements.

Why International Business Degrees are becoming Important?

Yet some experts say this is good news for those studying international business, whose specialized expertise will be even more critical in a more volatile, less predictable world economy.

Great international degrees like NEIT associate degree programs help confer a wide range of skills on students. There are aptitudes, experiences, and expertise that leading employers around the world are looking for. After students graduate with these top-notch degrees, they are absorbed into different leading and managerial positions by businesses all over the world.

Taking the long view, historians say globalization has been around since the third millennium BCE when Sumer began trading with the Indus River Valley. It expanded exponentially with the collapse of the Soviet Union and the invention of the Internet in the 1990s. So, don’t expect it to go away anytime soon.

Despite some hurdles thrown up by current events, it’s probably inevitable that the world’s economies will become more connected in the future and not less. And this will lead to a wealth of opportunities for experts in international business.

The Benefits of Taking up International Business Degrees

International business studies, from the associate degree to the Ph.D. level, prepare students for a broad range of global business interactions, including:

  • Imports and exports; the sale and movement of goods across international borders, like the sale of Chilean wine in the United States.
  • Manufacturing, R&D, sales, and distribution in foreign countries, like the manufacture of iPhones in China.
  • Foreign licensing and franchising of goods and services, like the opening of Taco Bells in Costa Rica

International business education typically begins with a foundation of general business fields, including finance, economics, management, sales, marketing, etc.

But international business also requires knowledge of the diverse global marketplace; of differing laws, customs, languages, and cultures; of international finance and banking; of import/export policies, trade controls, and the effects of trade on domestic and foreign markets.

Some Contemporary topics that International Business Degrees Cover

Other topics emphasized in international business education include the challenges of global marketing, management, and supply chain logistics. Students may receive training in specialized software and data analysis, ethical and cultural issues, global politics, psychology, public speaking, and entrepreneurship.

In fields related to international business, associate’s degrees generally take two years, bachelor’s degrees take four and master’s degrees usually take two, although a growing number of universities are offering intensive one-year degrees. Doctoral programs tend to take three to six years, depending on whether they are undertaken full- or part-time.

The Standard Time for the Completion of International Business Degrees

Online programs and hybrid programs (a mix of classroom time and digital platforms) are offered in most of the fields relevant to international business, and these are expected to expand considerably in the years ahead.

As in many business fields, internships and other pre-graduation work experience will give international business students a big boost in the eventual search for their dream job. Major advantages can also be gained by learning a second language — especially Mandarin Chinese, Spanish, German, Arabic, and French, though English remains the lingua franca of global business.

Career Options to Explore with an International Business Degree

A wide variety of career opportunities exist for international business specialists, including but by no means limited to:

  • International economist
  • International trade analyst
  • International management consultant
  • International human resources manager
  • International operations manager
  • International marketing director
  • International sales rep
  • Import/export specialist
  • Supply chain manager
  • Foreign investment adviser

Employers of international business grads include multinational firms, technology companies, import/export firms, oil companies, transportation and shipping companies, banks, hotel chains, NGOs, and more.

You may find employment in your home country with a firm doing business abroad, you may be based in a foreign country, or you may become a frequent flyer who travels back and forth between a domestic headquarters and overseas branches.

So, in addition to that elective course in global supply chain management (not to mention that introductory Mandarin class), it wouldn’t hurt to make sure you have a current passport.

Read Also:

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

View all posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Related

Virtual Offices

Why Virtual Offices Are The Future Of Business

During this worldwide pandemic, people have been forced to work from home much more than they venture into the office. Not only is this the safest and smartest option to remain healthy during these trying times, but having a virtual office makes the argument for increased productivity while working remotely. A virtual office space enables professionals to be physically present at a certain address without being at the company’s location. By providing flexibility, a virtual office can help those who work far away from their typical workplace remain productive. Benefits of a virtual office: Administrative staff- A virtual office solution in your home or co-working space typically features an administrative assistant and staff trained to help you improve your productivity so you can focus on what really matters - your business. The staff will answer your phone, take messages, and greet clients while calling in for their phone meeting. When searching for a virtual office in Boca Raton, make sure you find a service that features an administrative staff to increase your focus and productive hours on the job. Click here if you’re aiming to put a stop to that tiring search. Conference space- The second benefit of a virtual office is the on-demand conference space used to speak with clients, host a meeting, or set up a business presentation or proposal. Most virtual offices in Boca Raton will use this feature to be beneficial for start-up companies and entrepreneurs who need to frequently pitch their idea. On-demand business center- Another aspect most virtual offices feature is an on-demand workspace that is the perfect solution for preparing for an interview, organizing for a meeting, or reviewing the notes from your latest team collaboration. As you search for the perfect virtual office in Boca Raton for your small business, make sure you find one with an on-demand workspace. Rent Virtual Offices in Boca Raton: There are many options for virtual offices while living in Boca Raton. If you live too far away from your workplace to make the daily commute, or you want to physically distance during Covid times, a virtual office can be the best solution for your predicament. Here are some of the most popular virtual office options in the Boca Raton area that might be of interest to employees, business owners, or entrepreneurs: Federal Highway Office Center - This Boca Raton virtual office is located right in the center of the city, featuring collaborative workspaces, networking events, and call answering help. Yamata Road Office Center - Yamata is a convenient choice for those who want a mail-handling service and on-demand conference rooms for important business meetings. West Palmetto Office Center - Lastly, this virtual office in Boca Raton offers receptionist services and on-demand conference rooms to help your business flourish. Conclusion: Virtual offices could be the wave of the future, helping reduce daily commute time and boosting productivity through services like receptionist call answering, on-demand conference rooms, and administrative staff. When looking for a virtual office in Boca Raton, you will be happy to find there are plenty of options to suit your business needs. Read Also: 4 Reasons Your Home Business Needs A Virtual Receptionist Balancing the Books with Outsourcing – Virtual Receptionists

READ MOREDetails
Upcoming IPO

What to Expect from Upcoming IPOs in the Next Quarter

The Indian IPO market is expected to heat up again in the next quarter. With the economy steadying and market sentiments improving, many companies are lining up their initial public offerings (IPOs) in the coming months. As an investor, especially a retail investor, upcoming IPOs present an interesting opportunity to allocate a portion of the portfolio to high-growth businesses early. However, not all IPOs are created equal. With so many companies hitting the primary market, how do you separate the wheat from the chaff? Which IPOs should one apply for, and what factors should be considered before investing?  This blog post discusses what investors can expect from IPOs in the next quarter and provides a framework for analyzing and shortlisting the best upcoming IPOs for your portfolio. Strong IPO Pipeline Investment bankers have a strong pipeline of companies planning to launch their IPOs soon. These include prominent startups from e-commerce, fintech, FMCG, and technology sectors. Some of the major upcoming IPOs to watch out for include the following: Ather Energy: Ather Energy has recently received approval from the capital markets regulator to float its initial public offer. The e-mobility unicorn plans to raise Rs 3,100 crore through its maiden share sale. Oswal Pumps: The IPO can supposedly have mixed fresh issues of equity shares that are worth 1000 crore INR. Also, the offer-for-sale (OFS) of close to 11.3 m equity shares will be made available by promoter Vivek Gupta.  Schloss Bangalore: The parent company of Leela Hotel Chains, Schloss Bangalore, is also planning to offer a mix of the latest issue of equity shares (worth 3000 core INR) and the OFS of stocks, which cost around INR 2000 by Project Ballet Bangalore Holdings.  iValue Infosolutions: iValue Infosolutions offers various digital services like security analytics and network security. It doesn't have any listed peers on the Indian stock exchanges. The IPO is expected to have only OFS components with 18.7 m equity shares but no fresh issue components with it.  Factors to Consider Before Investing in Upcoming IPOs The fast-growing Indian startup ecosystem provides immense potential for wealth creation. It is, however, crucial to remember that IPO investments usually carry higher risks than investing in established entities. An investor must assess multiple aspects of the issue to make informed decisions. Here are some key factors to evaluate: Business Model and Market Opportunity  Study the company's business model, target market, and future growth drivers to gauge the strength of the underlying business. Analyse if the company operates in a large addressable market and if tailwinds exist for long-term growth. For example, the rise of online spending presents a huge opportunity for e-commerce and fintech players. Financial Health Review key financial metrics like revenue growth, profitability, cash flows, operating leverage, and capital efficiency to assess the business's financial health. It is better to prefer companies with a proven track record of predictable and profitable growth. Valuations Valuations play a critical role in IPO investing. It is crucial to compare the company's earnings and price-to-sales multiples with listed industry peers to determine if the IPO is reasonably priced or overvalued. It is important to note that tech IPOs in the recent past have commanded higher valuations due to high growth potential. Competitive Advantage  It is crucial to understand the company's competitive positioning and moats, such as network effects, branding, or superior technology, that make its business difficult to replicate. Durable competitive advantages suggest that the company can maintain growth and profitability. Risk Factors Carefully read the prospectus's list of risk factors, including operational, financial, compliance, and external risks. Evaluate whether the company has concrete plans to mitigate these risks. Purpose and Use of IPO Proceeds Analyse how the company plans to use the IPO funds. It can be beneficial to look for companies that utilize capital for productive purposes, such as expanding capacity, clearing debt, or gaining strategic capabilities via acquisitions, rather than just providing an exit route for investors. Promoter Credibility and Skin in the Game The credibility of the promoters or founders and their commitment to the business matter a lot. This is usually reflected in the portion of ownership they plan to retain post-IPO. Founders with enough skin tend to take a long-term view of steering the company. Tips for Retail Investors Applying in IPOs Here are some handy tips for retail investors to increase the probability of getting an IPO allotment: Open a demat account with a bank or broker that has a higher allocation in public issues. This can help increase one's chances of allotment. Ensure sufficient funds are in the bank account linked to the demat account 2-3 days before the IPO opens. These funds will be blocked once one applies for the IPO. Focus on IPOs with larger offer sizes and avoid oversubscribed issues. Leverage UPI to apply as it typically has a higher allocation reserved for retail investors. Fill in the bid details carefully, and do not submit duplicate requests from the same account. Conclusion  The IPO frenzy is expected to continue in the next quarter. For investors willing to stomach the risk, upcoming IPOs offer an opportunity to allocate a small portion of capital to new-age businesses that could create substantial wealth over long periods. Doing the homework, thoroughly evaluating company fundamentals and valuations, and investing discipline usually helps.  Frequently Asked Questions  Following are some common questions investors and traders may have about the upcoming IPOs.  Q1: What are the key factors one can expect to influence IPO performance in the next quarter? Ans: The performance of IPOs that hit the markets in the next quarter can be expected to depend on several interlinked factors. These include prevailing market conditions, industry trends, company fundamentals, geopolitical events, and overall investor sentiment. Strong economic performance and growth outlook have historically supported higher IPO activity and valuations. Q2: How can investors identify promising IPOs in the upcoming quarter? Ans: Choosing the right IPOs to invest in requires rigorous due diligence by investors. Critical aspects like the company's financial health, growth levers, business model, competition dynamics, industry outlook, and the strength of the management team must be evaluated. Reading the IPO prospectus and analyst reports can help provide valuable perspectives. Q3: Which industries will likely dominate the IPO market next quarter? Ans: Private enterprises from high-growth sectors like technology, healthcare, and green energy can expect to drive IPO volumes in the next quarter. Companies with strong innovation pipelines and a strategy to capitalize on current market conditions will likely draw significant interest. Q4: What risks should investors consider before investing in upcoming IPOs? Ans: While upcoming IPOs are expected to provide exciting investment opportunities, they also carry their share of uncertainty and risks that investors should be aware of. These include prevalent market volatility, chances of overvaluation, lock-in periods, and lack of historical performance data, in addition to the industry-specific and macroeconomic risks. Q5: Are there specific IPOs generating high interest for the next quarter? Ans: Among the upcoming IPOs, companies with strong brand recognition, unique and innovative offerings, established track records, or those operating in areas with massive growth runways can be expected to generate the most investor interest. Tracking financial media coverage and reports prepared by financial analysts can help highlight the important aspects of upcoming IPOs. Q6: How can retail investors participate in upcoming IPOs? Ans: Retail investors should open a Demat account with a leading bank or brokerage firm to access upcoming IPO allotments. They must thoroughly understand the IPO allocation process, categories, and minimum investment thresholds applicable to retail investors. Read Also: Diving Into The Shiny World Of Precious Metal Investments Top Three Investment Platforms For 2025

READ MOREDetails
Courier Deliveries

What are the Different Types of Courier Deliveries?

E-commerce, online shopping, free delivery – are just a few of the convenient reasons why people are shopping from home now more than ever. The COVID-19 pandemic also greatly increased the number of people shopping online and having things delivered to their homes or businesses, rather than going to brick-and-mortar stores. All of these changes have been good for the courier industry, which provides valuable services in pickup and delivery. But courier services are much more than just picking up groceries or delivering mail. Atlanta courier deliveries include a wide variety of deliveries and services. What are the Different Types of Courier Deliveries? Courier companies use major categories to define their services, but there are many variations to the services offered. Some of the most common types of courier deliveries include: 1. Pickup and Delivery Services Pickup and delivery services are great for businesses looking to improve productivity without interrupting daily functions. A courier service will come to your office and pick up the documents, etc. that you need to have delivered. This can be done on a scheduled basis or on-demand. Some courier services offer exclusive services, where a driver works exclusively for your business and is ready at a moment’s notice. 2. Rush Delivery If you have products, documents, etc. that need to be delivered immediately, you know you can’t count on the postal service or a standard delivery company. Instead, you can count on a courier service that offers rush delivery. Rush delivery ensures that your items get where they need to go within 24 hours. Local deliveries, of course, maybe delivered more quickly. 3. Medical Delivery If you work in the healthcare industry, there may be times when you need to get a specimen, documents, or medical equipment delivered fast. Many courier services offer medical delivery options, which include trained and specialized medical transport bags and specific packaging requirements. Medical delivery is a great option for doctors' offices, hospitals, imaging centers, labs, and nursing homes. 4. Food Delivery One of the most popular courier deliveries is food delivery. Consumers and businesses use couriers to get groceries and meals where they need to be in a fast and efficient manner. Consumers use couriers to pick up groceries and have them delivered to their homes. This is a service useful for consumers who are unable to go shopping for themselves, or who need to have groceries delivered to a loved one. Many businesses utilize courier deliveries to have food delivered. This is especially helpful when a large business is hosting an event. A courier is a safe and affordable way for the business to get food delivered from local restaurants, bakeries, or catering services. 5. Retail Delivery For online retailers, getting goods delivered to the customer fast is not always feasible. But with a courier service, same-day delivery is often possible. Retail delivery courier services are available 24/7 and are on call to pick up items and deliver them within hours. Whether you are a customer or a small business in need of retail goods, a courier service can help you get your items quickly. Why Use a Courier Service? When you are busy with life’s demands, a courier service can take some of that pressure off your shoulders. Whether you are a customer, a healthcare provider, a business owner, or a retailer – a courier service is a fast and affordable way of moving goods where you need them without the hassle of trying to arrange something more convenient with the post office or other companies. Read Also: Ship Packages Often? Why You Need A Courier Broker! How to Overcome the Logistical Challenges of eCommerce

READ MOREDetails