Graduation from an international business MBA program is a career-changing event that can drastically increase your chance for promotions on the global front. According to Forbes, America’s Class of 2017 had 13,000 MBA graduates with four years of work experience on average. Joining this elite group may unlock a world of upper-level management job choices with lucrative pay. In fact, Business Insider recognized the Booth, Olin, Warwick, Foster, Scheller, Darden, Wharton, and Mays B-schools for having job placement rates over 95%. The Graduate Management Administration Council reported a whopping $115,000 average base income for 10,882 surveyed alums in 2018. Demand for graduates across Earth is strong with four in five companies projecting new MBA hires this year. Therefore, we used CNN Money‘s best jobs list to outline 10 international business degree career options for MBA graduates. Note we also gave suggestions for career-specific electives that could enhance your Global MBA training.
The 2017 Allianz Global Corporate & Specialty report analyzed 100,073 liability claims in 100+ nations from natural disaster, vandalism, fire, and cyber infiltration that totaled $9.3 billion. Risk management directors are safety specialists who establish mitigation plans to keep these incidents from closing corporate doors. International organizations need them to identify threats, formulate emergency protocol, prevent financial losses, find protective solutions, run security tests, lead recovery efforts, procure cleanup aid, and file indemnity paperwork.
Economic crimes are rampant worldwide with 49% of global organizations telling PricewaterhouseCoopers that they’ve fallen victim to fraud costing up to $50 million. Corporate auditing directors are number sleuths who oversee the systematic review of internal operations to catch financial schemes red-handed. Their duties include analyzing documentation, watching cash flows, implementing monetary controls, coaching auditors, following GAAP standards, allocating audit resources, reporting discrepancies to executives, and advising on policy changes.
Mba In International Buisness | Career | Courses | Entrance Exam | Jobs And Salary
What is an MBA in international business?
A Masters of Business Administration in international business is an advanced degree focused on the principles of business commerce in global economies. International business is a specialized MBA program with courses in foundational business strategies like management and human resources along with classes specific to international business concerns.
In an international business MBA program, students learn the complexities of how business practices differ among international trading centers like Europe and Asia. Many MBA programs in international business require language courses to prepare students for work in major business centers around the globe.
Common courses for MBA programs in international business include:
10 jobs you can get with an MBA in international business
Earning an MBA in international business prepares you for leadership positions within organizations operating throughout the world. Here are some of the high-paying jobs available to MBA graduates:
Primary duties: Business development managers work with sales professionals to increase prospective client leads and increase sales through market growth. They analyze industry trends, finding ways a company can enter new markets both domestic and foreign to expand their share in consumer purchases. Their product knowledge and focus on building client/business relationships help business development managers lead organizations to increase revenue through sales.
Primary duties: Supply chain managers oversee the logistical flow of goods for a company from production through distribution. They are also responsible for sourcing materials, coordinating with vendors and evaluating production methods for efficiency and cost saving opportunities. Supply chain managers communicate with distributors, retail outlets, transportation companies and internal management to ensure the production and sale of goods remains consistent and provides income for an organization.
Primary duties: Finance managers work with corporations to supervise and guide the financial operations of a business. They are often responsible for managing accounting professionals, overseeing payroll and working with other financial team members to supervise company budgets. Finance managers may also get involved in shaping investment strategies or revising policies to spend funds more effectively.
Primary duties: Project managers who work on a global scale supervise company endeavors from concept to implementation. They communicate with teams across countries to ensure that all involved understand plans, timelines and budgets. Global project managers also coordinate details among different departments and teams,
Primary duties: Its the goal of audit managers to check internal processes and accounts to find and stop fraud. Audit managers oversee the internal auditing processes or an organization by analyzing financial reports and working with the auditing team to implement policies that minimize the risk of fraud, save money and make systems more efficient. They report suspected and confirmed fraud to executive leadership and advise on a course of action to restore mismanaged assets.
Primary duties: Corporations must abide by specific rules and regulations from both national and international governments. Regulatory affairs managers work to ensure that companies comply with each countrys specific laws regarding business operations. Knowledge of legal terms and processes helps these professionals evaluate business practices and regulate internal systems to abide by regulations for foreign and domestic trade. This position is also referred to as a government affairs manager.
Primary duties: Economists work primarily as consultants and analysts who provide insight into global economies and financial market structures. They create reports based on their research on market trends to help corporations form financial strategies. Economists study how the production and movement of goods and services affect the financial resources of a geographic area or the world economy.
Primary duties: Businesses throughout the world rely on risk managers to assess areas of potential harm that could affect the employees, operations and financial situation of an organization. Risk managers create plans and advise companies on ways to mitigate the burdens caused by events like natural disasters, cyber crime, vandalism and other emergency situations. Using their analysis, risk managers help businesses choose insurance policies and set emergency protocols to lower the potential impact of unforeseen circumstances.
Primary duties: Keeping digital data safe from cyber threats is a big concern for organizations. Information security analysts look for ways to safeguard information from viruses, cyber criminals, malware and other digital attacks on software or hardware systems. Senior analysts lead teams of information security professionals, analyzing systems for possibilities of a data breach to strengthen security protocols. They also lead the response in the case of a cyber attack on company data.
Primary duties: A chief marketing officer is responsible for all the marketing and advertising efforts of an organization. They oversee the daily work of the marketing team and lead strategies for increasing brand awareness and securing more revenue through various marketing campaigns. Chief marketing officers analyze market trends and use insights from consumer data to make decisions that impact the companys marketing and branding in an attempt to gain more share in both domestic and international markets.
What jobs can you get with an MBA in international business?
- Business development manager.
- Supply chain manager.
- Finance manager.
- Global project manager.
- Audit manager.
- Regulatory affairs manager.
- Risk manager.
Which MBA is best for international business?
Which MBA pays highest salary?
- Harvard University.
- Georgetown University (McDonough)
- New York University (Stern)
- Florida International University.
- Columbia University.
- University of Pennsylvania (Wharton)
- Saint Louis University (Chaifetz)
- University of California–Berkeley (Haas)