The world is getting smaller, and global business is getting bigger. Each of these is shaped by the ever-changing resources, regulations, values, and economies of its place of origin. Without experts establishing and overseeing global sourcing, exchange, and collaboration, these complicated chains can easily become disastrously inefficient, or fall apart altogether. If you have both a big-picture mindset and a dedication to details, interest in both global perspectives and local issues, skills in both analysis and communication, you may be cut out for a career in international business.
By its nature, the work of international business requires knowledge in many domains, such as economics, management, law, and language. Those few who have aptitude in these different spheres of the business world would do well to pursue an international business degree.
With the right training and credentials, international business professionals have exciting, lucrative, m and in-demand jobs ahead of them. But the world of international business is anything but straightforward. That will mean learning about how international business works, what degrees and experience are required, what jobs are available, and what employers look for in an international business job candidate. You should also consider and weigh the pros and cons of an international business degree before diving in.
This professional niche is not for everyone, after all. But if you have the academic interests, and if you fit the professional profile, you may find that an international business degree is the launchpad for a very fulfilling career.
It can apply to the manufacture and exchange of physical goods or services like banking, finance, insurance, and construction. Much of international business involves multinational corporations MNCs.
MNCs are also known as international, stateless, or transnational corporate organizations. They have offices, factories, facilities, and assets in multiple countries, while conducting their operations at a centralized home base in a single country. Multinational corporations are big, even massive, and their budgets are sometimes larger than the entire gross domestic product of a small country.
These may include supply chains that cross borders and staff recruited internationally. Even a mom and pop retail shop may import wholesale goods from abroad, hire laborers on temporary visas, outsource marketing to contractors abroad, and sell their products to international customers.
This global integration means that international business skills have applications outside of foreign and multinational corporate business settings. Many of the factors that affect business vary by country and region. These include:. To be successful, international business must closely follow the customs, conventions, and regulations that apply to business in each environment, as well as the laws that govern international commerce.
This, of course, requires a great deal of knowledge, expertise, and adaptability. They work with companies on specific projects within a wide range of areas on a global scale, including management, market research, corporate strategy, finance, and information technology.
Analysts work in both the public and private sector, including the government, nonprofits, small and medium-sized businesses, and large corporations. They may be freelancers or employed by consulting agencies. The largest international consultancies, such as Deloitte and PricewaterhouseCoopers , boast hundreds of thousands of employees.
They also need to have strong interpersonal skills, as consulting is as much about the analytical work as it is about building relationships. Marketing managers must balance a competitive business strategy with a creative vision. They often work with art directors, sales executives, product developers, public relations managers, and other employees to create engaging marketing campaigns. In addition, international marketing managers are responsible for increasing global sales.
They must be aware of global market trends and develop products that meet demand worldwide. Their responsibilities may include:. Executives can include chief executive officers, chief operating officers, and general managers, whose responsibilities vary based on the size of their company.
They can be found in every industry, including education , project management , and data analytics. As company leaders, executives are effective multi-taskers, managing numerous projects while making sure their work is completed under deadline. Sometimes, budget analysts are also tasked with keeping track of spending within a company to make sure it follows suit with the written budget plan.
Good budget analysts have great research, analytical and communication skills, as they often have to pass their budget plan through their boss or a committee.
An international business degree can give aspiring budget analysts an edge over the competition when applying for a job with a large company that may have branches overseas. After working in the professional world, some international business majors go on to teach in higher education. Patience, communication, organization and enthusiasm are some of the most important characteristics of a good college professor. In addition to teaching, some college professors also conduct research and write scholarly articles.
If you are dead set on being a teacher, the best advice would be to major in education. As long as your degree is in a related field to the classes you aspire to teach, you will be okay. Likelihood that robots will take your job: 0. Create a personalised content profile. Measure ad performance. Select basic ads. Create a personalised ads profile. Select personalised ads.
Apply market research to generate audience insights. Measure content performance. Develop and improve products. List of Partners vendors. Share Flipboard Email. Karen Schweitzer. Business Education Expert.
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