Increasing globalization has made international business one of the most popular business degree options, as businesses seek to capitalize on the opportunities that trading worldwide can bring. International business can mean two things, according to BusinessDictionary.com. It can be “the exchange of goods and services among individuals and businesses in multiple countries” or “a specific entity, such as a multinational corporation or international business company that engages in business among multiple countries.” As an academic option, international business tackles both of these.
Some international business degree programs have a grade requirement, either from the entrance or standard exam, from previous courses taken in secondary school or sometimes even both. High marks in subjects such as mathematics may be a good boost to an application. Various leadership experiences and letters of recommendation may also be taken into consideration. Some institutions also require a letter of intent or an application essay in addition to an admissions interview.
For a complete list of requirements, you are advised to check out or contact the institution you are interested in applying to.
Business management degree programs normally cover a wide range of topics such as finance, economics, accounting, organizational management, human resources and marketing. International business degree programs add global perspective to these aspects of business.
Additionally, key business principles will be established during the course of the program, while also maintaining emphasis on communication and entrepreneurship with a focus on the global business environment. Some international business degree programs include foreign language courses in the curriculum.
Coursework may include written exams, research projects, case study analysis, presentations, group work and participation. In the latter years of the program, a placement or internship may be required. Some institutions also require a major project or thesis to complete the degree.
Most universities provide specialization options for their students, either through optional electives or as a mandatory part of the degree program. Availability of specializations would also depend on the offerings of each university.
Below is a short list of international business specializations offered by different institutions:
It is also worth noting that some institutions offer an international business degree as a specialization of a more general business degree program.
The accreditation of a degree usually depends on the country where the degree is awarded. In most cases, countries have their own accrediting systems for universities, students and graduates.
Graduates of international business degree programs can end up in different professional positions. As such, there is no universal licensing or certification that international business graduates must obtain to be able to find a position in the field.
A bachelor’s degree in international business can typically take around three to four years of full-time study. The exact period of time would depend on the university of your choice and the country wherein it is located.
There are also various degrees available for international business graduates at the graduate level. Master’s programs are available for those looking to deepen their knowledge of the field. Acceptance into these programs normally depends on the applicant’s education (level and grades) and professional experience. Master’s level international business programs are normally offered as MBAs. Master’s programs usually take one to two years to complete.
International business degree holders can pursue positions in multinational companies in different industries. With the variety of skills that they gain during the program, the job roles available for international business graduates are many and varied. They can go into project management, media, advertising, marketing, banking, finance or management. Some graduates many choose to start their own businesses.
International business graduates will find that transferable skills gained throughout the degree program can be applied in pursuing their chosen career paths. These include oral and written communication, reporting and presentation, strategic thinking and financial competency.
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