Today’s marketplace is a truly global one. Enterprises of all sizes and in all industries now conduct business across borders while catering to international clientele. Due to this shift, cultural awareness and a multifaceted understanding of business management are more important than ever.
Before we go any further, it’s important to understand the different types of international businesses:
Multinational: An organization that does business in more than one country.
Global or international: An organization that conducts business all over the world.
Multinational firms need different strategies for production and distribution than global companies. More often than not, global companies have offices around the world and hire locals to work in these locations. A multinational firm is more likely to have one main office in their home country and only hire employees from the country of origin.
If your professional aspirations involve global entrepreneurship, you are a prime candidate for an international business degree. This field of study will give you the understanding of the international practices necessary for a career as a business executive or management analyst. A highly transferable field of study, a degree in international business will also expose you to such important subjects as economics, accounting, finance, and more. In international business, these topics are explored in conjunction with current political and social matters. This diverse approach will prepare you to take on the many challenges presented by today’s rapidly changing business environment.
What Do International Business Students Study?
The four-year bachelor’s degree in business administration with a concentration in international business at Johnson & Wales University provides students with a solid framework and specialized coverage of international communication, cultural awareness, and business ethics. In addition to learning business theory, students are encouraged to dive in with experience-based learning, which gives them an accurate feel for the fast-paced environment in which they can expect to work.
Business foundations courses include Financial Accounting, Managerial Accounting, Contemporary Business Management and Principles of Marketing, among others. Upon creating a solid foundation in business administration, students shift their focus to such program-specific courses as International Business Law, International Resource Management, and Managerial Technology. These essential courses are interspersed with Foreign Areas Studies electives highlighting such key global markets as China, Russia, Latin America, and the Pacific Rim. Students can also choose from a variety of interesting elective courses.
What Career Opportunities are Available to International Business Graduates?
Upon graduating from Johnson & Wales’ international business program, students are prepared to begin entry-level work in a variety of firms that cater to today’s global market. Some graduates pursue overseas positions involving business analytics and operations. However, a combination of experience and education is key to working overseas: The College Board points out that the majority of such positions are typically available to those who have moved beyond entry-level work.
Many international business graduates instead remain in the United States and travel overseas, as necessary. Their work involves everything from customs compliance to strategic planning. Due to the transferable nature of the skills and knowledge gained in international business coursework, graduates often make frequent lateral moves within their organizations. An international business graduate may begin working in business operations before shifting to international marketing or accounting.
“Speaking more than one language helps a lot,” says Patricia Steiner, EdD, president and CEO of VentureSphere, a business consulting firm, and adjunct faculty with JWU College of Online Education. “Another plus is cultural experience. If you have some background dealing with one of the cultures of the company’s many locations that can be valuable in many ways.”
With experience and graduate-level coursework, international business professionals can quickly move up to more lucrative management-style opportunities.
Today’s global economy necessitates a greater understanding of international business, finance, and marketing, as well as greater cultural sensitivity. This in-depth knowledge is best gained through participation in an undergraduate program that emphasizes not only business foundations, but also international relations. An internationally focused education will allow you to achieve great heights in your future career.
Want to learn more about earning your international business degree online with JWU College of Online Education? For more information, complete the “Request Info” form on this page or call 855-JWU-1881.