International Business is a business-related degree offered in most universities and colleges as a major. The program covers globalization concepts and business practices, which include but are not limited to trade operations, finance policies and international marketing. The coursework usually concentrates on specific foreign markets and integrates related language training.
International Business provides students with highly specialized cross-cultural and communication skills, which are required of business majors allowing them to obtain lucrative positions within and across the country’s borders. International Business program is available at the Associate, Bachelor’s, Master’s and Doctoral level.
Why Study International Business?
Quoting the University of Warwick professor Mehmet Chakkol “The World is more connected than ever, so International trade and investment is not just the preserve of multinationals, small and medium-sized enterprises (SMEs) wants to know how to trade abroad and needs to know how to operate abroad if they are to grow.” In addition to that, he also said, “I would argue that International business is absolutely central to the success of a company”. This sums up not just the importance of the course but also how much contribution it has made and would continue to make to the economic growth in the private and public sectors.
Studying International Business opens you to a new world, showing just how globalization has brought an increased connectedness of people, businesses, the general market, and cross-world information. The course helps students develop a global perspective, which is important to succeed in today’s business world.
Benefits of Studying International Business
With advancements in technology and a growing global village reaching out to one another for further cross-continent growth and interaction, the importance of International Business continues to prove itself. Communication and interaction on a global scale have seen a massive increase in the last 20 – 30 years, and every business owner today would be thinking on an international level and planning to implement ways to scale his business or company to that level, which is where international business comes in. This alone has proven how important the course is and has increased the demand for graduates with such degrees in the last decade.
Studying International Business in a classroom is not just enough, as the course requires students to embrace a mindset similar to the course, embracing a global way of thinking, not limited to a certain country or business or economy, but that is big enough to increase connection, interaction and even sales on every level possible. With that, International Business provides students with various opportunities, which include;
Opportunity for a Global mindset
‘Globality’, a word introduced in1999 World Economic Forum, refers to the process of globalization. Not first properly understood then, but now the most used in the global economy today. International Business provides graduates with that mindset that was talked about on the forum, the opportunity to break across various types, levels and forms of business acceptable on a global level (anywhere in the world).
Opportunity for vast employment options
Another importance of studying International Business is just how many job opportunities you have waiting for you. With increased demand and search for International Business graduates in businesses, financial institutions, corporate offices, insurance, advertisement companies and many more, students do not have to worry about where to work after school but rather just focus on mastering the skills the course comes with to be able to maximize its benefits.
Opportunity to Explore and Work across the World
One important benefits of studying International Business is the idea of exploring attached to it. Probably best for people with the urge to travel, explore and connect with various people worldwide (but if you’re not the type, trust me, the course would change your perspective). Working with such a degree allows you to travel and reach out to people and places believed to be prospects and potential future business partners and investments for companies and industries, so brace yourself to explore places you’ve never thought of and, in the process, maximize your potential.
Opportunity for an all-round Business Knowledge
A degree in International Business gives you the full insight into business and marketing, unlike other related courses treating some and neglect the other. The course provides you with skills to work in any field, with any team and anywhere in the world.
Career Opportunities attached to International Business
A very important question to ask before choosing a course to study is how to make more of it. Well, when it comes to International Business, completing the program already automatically programs your thoughts towards profitable ideas to turn into businesses that would be internationally successful. This makes the program a stand-out major in any university, providing students with stand-alone skills required to survive in the explosive business environment we can see in today’s market.
International Business provides graduates with the required skills to penetrate the corporate world, giving them great insights into finances, businesses, analysis and the stock market. Previous graduates of this course have become successful business development managers, financial analysts and more professional jobs across various countries. As implied in the name, the course opens your mind to the business system of various international business economies, making graduates qualified to work locally and abroad in countries such as Europe, China, Canada, Singapore, South Africa and many more. Here are some job opportunities an International Business degree graduate can have;
- Business Analyst
- Procurement Manager
- Corporate Investment Banker
- Business Adviser
- Marketing Executive
- Human Resources Officer
- Management Consultant
- Product Manager
- Marketing Manager
Choosing International Business as your major in whatever University you may decide is definitely the best choice you’ll make if you’re looking to break into the business world in a unique way, as you’d be well equipped with all the necessary skills and tools you’d need to succeed in today’s world on both a national and international level.