With the world economy constantly expanding and new foreign markets opening each year, an international business degree is a hot commodity that can lead to a wide range of job opportunities. Many companies, both foreign and domestic, as well as government agencies and nonprofit organizations, hire international business majors who understand the intricacies of the global economy. Although careers in international business generally require hard work and long hours, jobs tend be high-paying and often provide ample travel opportunities.
Many government agencies and organizations hire individuals with international business degrees. These individuals may work in policy-making, financial management, economic advising, diplomacy, trade negotiating and other related areas. Some of the major organizations that hire international business majors in the United States include the National Security Agency, the U.S. Department of Labor, the Central Intelligence Agency, the U.S. Department of State and the U.S. Trade and Development Agency. Jobs in this area are often highly competitive and require extensive background checks. Candidates may also need to pass written examinations to qualify.
International companies around the world are looking for holders of international business degrees who are business savvy and speak multiple languages. Individuals who work in the corporate sector work in a wide range of different areas, including advertising, management, sales, marketing, consulting, imports and exports, and electronic commerce. In many cases, employees in this area start out working in domestic positions and later get promoted and sent to offices at international locations. These jobs typically require frequent travel.
Nonprofit organizations based around the world, many of them in developing countries, need people with international business degrees. These companies donate health-care supplies and food, provide disaster relief, aid in housing development and monitor human rights issues. Although nonprofit organizations are not concerned with making large sums of money usually, they need competent and culturally sensitive individuals who understand how the global economy works and can provide informed advice. Jobs in the nonprofit sector don’t typically pay as much as corporate jobs, but employees in this area will have a chance to make a positive difference in the world.
Career advancement is highly possible in virtually all areas where international business degree holders work. Obtaining a master’s degree in international business or an MBA can greatly expand your career opportunities and lead to better salaries. Increasing your skill set by mastering a foreign language or gaining experience working in a specific sector of global economy can also lead to career advancement. Most graduate degree programs in international business require students to learn one or more foreign languages and concentrate their studies in a specialized area of international business.