Tag: international business
What Can I Do With An International Business Major?
A career in international business has the potential to shape your entire professional life. It can lead to high salaries and career advancement opportunities that can help you grow your career trajectory. An international business career can allow you to travel the world and interact with high-profile business leaders, which is a dream for many aspiring students who desire to make a career in the global business domain. With international business management, you can gain the competency to enter the business sector with ease and confidence. If you are drawn to other cultures and have an affinity for numbers can consider majoring in international business. Pursuing a well-designed course can be a wise investment of your valuable time and effort. Read ahead to learn about the outcomes of doing an international business. International Business Major: An Overview The international business major is an interdisciplinary degree program that combines the subjects, including business and economics, to equip the students with comprehensive knowledge of other countries’ legal, economic, socio-political, and financial systems. Attending a major in international business can help the graduates in mastering the core concepts of international commerce that enable them to take on challenging positions in the global business sector. Skills When you opt to study a major in international business, it allows you to develop industry-specific skills that employers of the business setting highly seek. You will also develop transferable skills that can be applied in a range of sectors. Here is a sampling of representative skills and abilities of an international business graduate: Efficient communication skills Quantitative skills Cross-cultural communication skills Excellent networking abilities Interpersonal skills Adaptive thinking Emotional intelligence To thrive in the modern business industry, especially in the international business sector, you must have an entirely different industry-relevant skillset. Career Progression Acquiring an international business management degree can open doors for various lucrative career opportunities. However, we have listed the job opportunities for a skilled international business graduate: Distribution and logistics administrator Foreign trade consultant/specialist International marketing and the sales associate Customs broker Import/Export manager International Banker International project manager Finance analyst Business development manager These are only some of the many employment opportunities that an international business graduate can consider. There is a massive demand for skilled and qualified international business graduates who can understand business at the global outset and offer their expertise in business operations. Conclusion The future is bright for international business graduates as more and more companies are looking forward to expanding their business beyond their home countries. Earning a degree in this domain can enable you to work across many sectors, including investment banks, international trading companies, multinational companies, etc. These are some of the sectors known for offering high-end salaries and international exposure that can work wonders for one’s career. An international management degree can be your gateway towards an industry-aligned and futuristic career in the modern business industry. Hone the knowledge and skills offered by international business management programs and become a perfect fit for the contemporary business sector in a national and international platform. Sign in now to know more about the potential of a degree with majors in international business! Read Also: Business Tips For Beginner Entrepreneurs 5 Strategic Ways To Automate Your Internal Business Workflows What To Think About When Making A Name For Your Business Is Small Business Your Big Break?: The Pros and Cons of Staying Local vs. Expanding Globally
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International Business Degrees in Today’s Global Marketplace
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: Why Your Business Should Care About Social Responsibility 4 Business Leadership Skills For Business Success
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