Online MBA Program in International Business
Businesses are increasing their global reach every day, and companies are looking for highly skilled leaders who can grasp and manage the complexities of the international marketplace. An accredited MBA program in international business can help you hone and expand sought-after skills in negotiation, critical thinking, and strategic planning with cultural sensitivity to take on prominent roles in worldwide sectors. This page will explain how to get started on your journey toward a desirable MBA and impactful, enriching employment in the global economy.
This page has six sections that tell you what an online MBA in international business is, the kinds of courses offered, potential career paths, and comparisons to similar degrees.
What is an Online MBA in International Business?
An online MBA in international business is a flexible educational program that equips graduates with business expertise and skills to assume high-level leadership roles across industries worldwide. This advanced degree helps students cultivate a global perspective to understand and work with culturally different business management practices. Thus, graduates are prepared for careers in areas including banking, economic advising, government agencies, insurance, market research, quality control, and operations management on an international scale.
Online MBA programs in international business help students build a solid foundation in business in a global context. Upon completion, graduates will have gained and deepened their understanding of international marketing, trade compliance, and political and cultural trends that influence business throughout various world regions.
As you consider pursuing an MBA in international business, hold your long-term career goals in mind. While you may realize countless potential benefits to acquiring this degree, you need to be assured that it is right for you. An international business MBA can be advantageous for professionals looking to broaden their multicultural perspectives and business-related competencies to facilitate global commerce.
Online MBA in International Business Curriculum
The curriculum of an online MBA in international business adds a global dimension to the traditional MBA program. Students take core business courses, including management, accounting, finance, and marketing, while learning how these aspects are handled in different parts of the world. Courses also set forth topics such as business trends, monetary markets, policies, and regulations on the global economy.
Some common topics covered in online international business MBA programs include:
- International Marketing
- Cross-Cultural Communication and Management
- Sustainable Development and Environmental Politics
- Multinational Financial Analysis
- Globalization and Emerging Markets
- Global Supply Chain Management
- New International Ventures
The general business management topics covered in an international business MBA program include:
- Business Strategy
The following typical specialization courses provide insight into the knowledge and proficiency that current and future business leaders need to impact their industries worldwide.
Global Business Foundations:< /Strong> This course examines the various institutional aspects of global business and how they affect firms’ operations. Students analyze supranational entities that impact investment and trade, trade theory, foreign direct investment, political risk, sustainability, and corporate social responsibility.
International Finance: This class surveys the international money system, financial instruments, and financial markets. It covers capital management and investment analysis as it relates to risk exposure for foreign investment.
Globalization and Emerging Markets: This course analyzes developing markets and issues they face integrating into the global economy. It offers insights into assessing risk and strategy in these markets.
Cross-Cultural Communication and Management: This course emphasizes the importance of understanding and managing cultural differences in an international work scenario. It also covers how to create selection and training programs for international assignments.
What Unique Career Paths Can I Pursue With an online MBA Specializing in International Business?
Graduates from MBA programs with an international business specialization will be equipped with marketable skills for various high-level professional roles in virtually any sector. As more industries compete in the international arena, companies will be looking for senior managers with cultural sensitivity, strong business acumen, and effective communication skills. Today’s business environment is favoring business leaders with a “global mindset“1.
International Business MBA graduates could find employment in multinational corporations, government agencies, financial institutions, and investment firms. Here is a sampling of opportunities:
International Sales & Marketing Manager
An international sales and marketing manager secures clientele and cultivates business relationships for their firm. This professional negotiates new product sales and handles customer support in their assigned region. An international sales manager constantly gauges market trends, the effectiveness of the company’s marketing and selling strategy, and how to increase sales and revenue.
- Ensuring implementation of developed sales strategies and promotional programs
- Visiting and assessing operating and local conditions in key markets
- Researching international market opportunities and providing analysis to upper management.
PayScale states that the average annual salary for international sales and marketing managers is $80,0042. The U.S. Bureau of Labor Statistics predicts that sales managers’ employment will increase by 5%3.
Operations managers oversee their company’s production of goods or services. They are often in charge of departments such as purchasing, manufacturing, warehousing, and budgeting. These professionals ensure compliance with safety and environmental regulations. In addition to meeting regularly with company staff, they may negotiate with government officials and labor union representatives.
- Overseeing daily company operations
- Making personnel decisions according to company policies
- Following market trends related to company’s products or services
- Stay abreast of government regulations pertaining to safety, labor, and environmental issues.
According to PayScale, operations managers earn an average of $64,044 yearly4. The BLS projects 10% growth5 for this occupation, but candidates should expect strong competition.
International Trade Compliance Manager
International trade compliance managers oversee all compliance aspects of international trade for their company. They develop and implement export and import processes to increase profitability and reduce trade-related problems. These professionals verify trade documents and manage agreements, transaction licenses, and regulatory appeals.
- Devising and updating customs and regulatory policies, documentation and procedures
- Evaluating and making recommendations based on identified risks and audits
- Supporting and training staff on best practices, regulations, and policies
- Cultivating relations with customs and government workers to facilitate communication.
PayScale states that the average annual salary for international trade compliance managers is $85,1086. The BLS does not provide job outlook data for this occupation.
Business Development Director
Business development directors have a more intensive, higher level of responsibility than sales or operations managers, often answering directly to shareholders, company owners, or a board of directors. These professionals design strategies for successful operations throughout the organization. They coordinate departmental tasks, IT functions, and marketing. They also stay in tune with sales, suppliers, legal matters, and financial issues related to the business.
- Creating, coordinating, and executing sales and marketing plans
- Researching new clients and negotiating contracts
- Attending meetings and giving sales presentations to clients
- Managing the sales process and cultivating relationships with clients.
PayScale reports that the average business development director’s annual salary is $103,7447. The BLS does not provide job outlook data for this occupation.
Management analysts assess potential methods to enhance company procedures and report their findings to upper management. These professionals work closely with other department leaders to ensure accuracy and efficiency throughout the company. They project future needs and budgets as well.
- Conducting company-wide studies and designing systems and procedures
- Preparing employee manuals and instructing workers in following new procedures
- Designing operations and procedures manuals.
The BLS reports that management analysts earn an average yearly salary of $83,6108. It anticipates demand for this position to grow at 14% as companies strive to control costs and improve efficiency.
Vice President, Mergers, and Acquisitions
Vice presidents of mergers and acquisitions handle excess cash flow to assess the organization’s growth and acquisition potential. They address political relations and the industry’s regulatory agencies to facilitate investments. These leaders collaborate with other executives to develop and implement a merging strategy.
- Developing and overseeing execution of financial models and valuation scenarios
- Managing staff in training and keeping up to date with policies
- Coordinating with tax, legal, and other departments for seamless transitions with target companies
- Analyzing data and model results to advise other senior managers on courses of action.
According to PayScale, the average annual salary for VPs of mergers and acquisitions is $135,9299. The BLS expects to see demand for senior executives to grow at 6%10.
Global Program Director
Global program directors oversee all global programs for their firm. They coordinate domestic and international efforts to boost efficiency and profitability throughout the organization and provide subordinates with leadership. They plan strategies to devise effective business models, implement plans, negotiate with vendors, and gauge business and employee performance.
- Devising program strategy and business plan using analytics and marketing data
- Monitoring progress and creating strategies to reach goals on schedule
- Communicate and collaborate with employees in the field, prospects, customers, and external constituents to determine market needs.
PayScale reports that the average yearly salary for global program directors is $132,05411. The BLS projects that employment for such senior-level positions will grow at 6%.
Should I Get an Online MBA in International Business?
As you consider enrolling in an international business MBA online program, research options to determine the ideal knowledge and skillset you hope to obtain for your career path. This specialization is primarily designed to enhance the career paths of individuals with management experience who aspire to progress into senior-level positions of international influence. However, other degree options may be more suitable depending on your academic or work situation. You should also ask yourself if you have enough time and self-motivation to complete online courses because you would be doing most of the coursework independently.
Online MBA in International Business vs. Online MBA in Supply Chain Management
MBA programs in international business and MBA programs in supply chain management cover many similar topics. However, supply chain management degree programs dedicate much of their curricula to mathematical subjects, including accounting, statistics, probability, logistics, and inventory management. People who earn SCM MBAs gravitate toward upper management or C-suite positions in manufacturing facilities and factories. In contrast, international business MBA graduates often find work in a greater variety of business-related occupations.
Online MBA in International Business vs. Online Master of Science in International Business
Achieving an MBA or master’s degree in international business can prepare students for globally-focused careers. However, many MBA international business programs are designed for professionals with at least two years of experience. Online MBA programs provide more general business classes and electives. The MS, on the other hand, focuses more on international business topics. Credit requirements vary among institutions, but MS programs generally require 30 credits, and MBA programs may require 30-50 or more credits.
Frequently Asked Questions
Before signing up for any online MBA program, it is important to ensure that it offers the credentials you need for your chosen career path. Some common questions about online MBA programs are:
Are online MBA programs always at accredited institutions?
Accreditation is a crucial aspect for prospective MBA students. This affects eligibility for federal financial aid and course credit transferability. The listings on DiscoverBusiness.us include only degree programs with regional accreditation from a CHEA-recognized organization as well as national accreditation from the AACSB, ACBSP, or IACBE.
How can I know if an international business is the right career field for me?
While many people can acquire advanced education such as an MBA in international business, certain people have personality characteristics that make success in this competitive field easier. Being culturally sensitive, possessing developed communication, critical thinking, analytical skills, and strong leadership and motivational capabilities are essential factors for thriving as a global business manager, an executive, or an entrepreneur.
How can obtaining an MBA in international business increase my career options?
Obtaining an MBA calls for a commitment of time and resources. It is important to be certain that it will be worth your investment. The business skills, global insights, and network of professors and fellow students are invaluable tools that can take you far in the global marketplace.
Should I pursue my MBA online or in a classroom?
Some individuals feel more focused and committed to learning when they attend traditional classes at a university. Flexibility, though, is a significant advantage of learning online. Many online MBA courses are available asynchronously, which means that you can log in at any time. With options for full-time, part-time, or accelerated studies, you can find a pace that suits your schedule and current responsibilities. Learning and collaborating with classmates worldwide can add interest and value to your experience as you become familiar with various cultures and viewpoints.
How long does it take to earn an online MBA in accounting?
For most full-time students, a typical online international business MBA can take two years to finish. You may need three years or more to earn your MBA if you study part-time with a full-time job. Some accelerated programs let students complete their work in as little as 12 months. Keep in mind that your professional experience is as vital as your academic load for career advancement opportunities.
How can I enhance my chances of completing an online MBA degree program?
An MBA degree holds prestige for its academic rigor, yet many people have obtained this credential while holding down full-time jobs and personal responsibilities. To help ensure your success, understand the time commitment required in online learning. Make a daily routine and utilize time management tools. Complete assignments in a space that is free of distractions and connect with an online study partner. With discipline and determination, you can earn your online MBA in international business and excel in your field.