Operating internationally is a necessity for many companies today. As a result, the demand is growing for business school graduates with a deep understanding of international business. The skills that students develop in the Pittsburg State online MBA in International Business program are highly sought by employers and organizations of all types.
The popularity of international business as a university program is growing, too. In fact, the online site Poets & Quants ranked international business No. 11 on its highest-paying MBA concentrations of 2017 list.
The economies of China, India and Japan now rank among the world’s top ten. The majority of global gross domestic product is generated outside of the United States and Europe, and the trend is set to continue, as Indonesia and Russia are expected to join the top ten by 2050. This is why there is such a demand for business professionals with an advanced knowledge of international business, according to Jemma Smith, editor at Prospects.
Spanning the Cultural Divide
Businesses need professionals who understand markets in a global context, from the nuances of international trade and cross-border investments to cultural and ethical issues. Earning an MBA with an international emphasis can be vital for those who plan to work in law or public policy. Many institutions now require their international business students to study a foreign language and complete an overseas study or internship.
A working knowledge of international business can lead to positions throughout the public, private and nonprofit sectors. Students gain insight into the global economic and business climates via courses across a range of business fields, from finance to marketing.
Thinking Outside the Borders
Graduates of the all-online MBA in International Business at Pittsburg State University achieve a global mindset. The program provides students with a thorough understanding of international trade and finance, and valuable insights about the importance of emerging markets in a global economy. Students learn about globalization and its impact on developed and developing countries.
The 12-month program in the AACSB-accredited Kelce College of Business enables students to develop and understand business tactics and strategies as they relate to a changing international marketplace.
And when the students graduate, a salary increase may be waiting. On average, online MBA students who started between July 2015 and June 2016 earned $79,352, according to U.S. News & World Report. For those who graduated in that period, the average salary was $96,974. That’s a 22.2% difference.
More and more companies are doing business internationally, and understanding international business operations is increasingly important for today’s business graduates. For that reason, students are increasingly choosing international business when they are deciding on a Master of Business Administration (MBA) program.