As the world becomes more connected, we have more vistas to interact and collaborate with prospective clients globally through means of technology. This means that conducting business on a global scale has now become much more convenient. An international business management course focuses on precisely this idea – executing business transactions on a much larger level. Today, several multinational companies are looking to hire graduates who can understand and participate in these international-scale interactions to elevate them and take their businesses to the next level. If you’re looking to pursue an international business management course but need more clarification about the structure and details, our guide here will help you out!
What Is An International Business Management Course?
As mentioned above, this course focuses on an interconnected global economy and businesses conducting transactions worldwide. Thus, international business management subjects include similar topics, like finance, marketing, supply chains, human resources, and operations, but in an international context. These skills are taught on a fundamental level, and students are enabled to transfer them into a more global setting. Here are some of the different types of international business management degrees that students can explore –
- International Economics
- International Banking and Finance
- International Marketing
- International Human Resources Management
- International Operations Management
- International Business Administration
- International Affairs
After a bachelor’s degree, students usually pursue a master’s degree in this domain to enhance their careers. For instance, an MBA in international business management or an MSc international business management are popular choices. The curriculum and modules differ according to the university and course selected. However, a few standard subjects include –
- Finance and Accounting
- Human Resources Management
- Business Economics
- International Business Law and Practice
- International Management
- Corporate Ethics and Governance
- International Trade Operations
- Logistics and Sourcing
- Supply Chain Management
- Business Ethics and Communication
- International Economics
- Non-Market Environment
- Econometrics Tools for Business Managers
Why Study An International Business Management Degree?
There are several reasons why pursuing an international business management degree will be beneficial for your career. Some of them are listed here.
- This course provides the essential exposure required to interact in a global marketplace. Since it’s an international management course, students are introduced to different marketing techniques and fundamentals on which organisations run.
- As the internet binds the world together, students get an opportunity to join this global network through this degree.
- Even for small-scale businesses, the happenings worldwide can cause adverse effects. Students pursuing this degree learn how international transactions work and impact small-scale businesses.
- Once a candidate learns how the financial aspect of a business works, naturally, their career prospects widen, and job opportunities increase exponentially.
- Even if you don’t wish to work on a global scale, having an international management degree gives you a competitive edge over people who have completed generic degrees.
Job Opportunities
Once you’ve completed an international business management degree, there are several career prospects that you can pursue. Some of these are listed here.
- International Accountant
- Policy Analyst
- International Economist
- International Human Resources Manager
- Global Marketing Manager
- Business Development Manager
- Financial Trader
- External Auditor
- Supply Chain Manager
Top Study-Abroad Destinations
Once you’ve explored exactly what top management degrees can provide for your career, the next step is to determine the ideal location for studying these. Since this degree focuses on operations at an international scale, it is crucial to find a place that can truly offer you the facilities and opportunities for global networking, connectivity, and career growth. Some of the top locations for pursuing this degree are Australia, the United States, the United Kingdom, and Canada. Check out further details about studying for this degree in these countries.
1. International Business Management In The US
The United States is where this degree originated. Thus, several top universities offer this course. Furthermore, the demand for graduates of this degree is expected to increase by 10% in the next 5 years. Over the next decade, this industry is supposed to see a change in over 32,000 job profiles related to this field. Thus, statistics indicate that the US is an apt place to pursue this course. Here are some of the top universities, available courses and total fees.
| University | Course | Total Cost Of Tuition |
| University of Chicago | MBA in International Business | $77,841 |
| Georgia Institute of Technology | Executive MBA in Global Business | $74,712 |
| University of Texas | MBA in Global Business | $58,720 |
| University of Illinois | Master of Accounting Science in Corporate Governance and International Business | $40,080 |
| Yale School of Management | Master’s Degree in Global Business & Society | $79,500 |
| Georgetown University | MA in International Business and Policy | $80,460 |
| Northeastern University | MS in International Management | $51,000 |
| George Washington University | MS in International Business | $62,205 |
While choosing the right university is essential, it is not the only aspect of importance. Considering the duration, eligibility, requirements, and cost of living is equally vital. The following table summarises all these details at a glance.
| Requirements | Details |
| GPA | 3.0 on a scale of 4.0 |
| Cost of studying | $65,560 |
| Cost of living | $18,048 |
| Eligibility | Academic transcripts, letters of recommendation, personal essays, financial documents |
| Duration | 4 years (bachelor’s)1 – 2 years (master’s) |
| Standardised tests | IELTS: 7.0TOEFL: 90GMAT: 500 – 720 |
| Average annual salary | $89,000 |
Some of the popular recruiters are –
- BMW
- FedEx
- Apple
- American Express
- Cisco
- Eli Lilly
2. International Business Management In The UK
Universities in the United Kingdom have some of the most highly sought-after courses since they have affordable costs, scholarships and high returns on investment. Bristol, Birmingham, and Swindon have companies where graduates can earn some of the highest average salaries. Moreover, there are thirteen universities in the UK among the top 100 global institutes that offer an international management degree. Before moving to the course details, check out some of the top universities in the following table.
| University | Course | Total Cost Of Tuition |
| University of Warwick | BSc International Business, MSc International Business | £29,050 |
| University of Manchester | Masters (MSc) International Business and Management | £27,000 |
| Durham University | MSc Management (International Business) | £27,000 |
| Lancaster University | MSc International Business and Strategy | £25,360 |
| University of Leeds | BBA, MSc International Business | £28,850 |
Although the eligibility criteria and admission requirements differ in each university, we can derive a list of common prerequisites that you would need while applying anywhere in the UK. The table below has the necessary details.
| Requirements | Details |
| GPA | 2.7 – 2.9 on a scale of 4.0 |
| Cost of studying | £27,252 |
| Cost of living | £13,848 |
| Eligibility | Academic transcripts, letters of recommendation, personal essays, financial documents |
| Duration | 3 years (bachelor’s)1 – 2 years (master’s) |
| Standardised tests | IELTS: 6.0 – 7.0TOEFL: 90 -100PTE: 58 – 70 |
| Average annual salary | £60,000 |
Some of the top hiring organisations for graduates of this degree are –
- BMI Healthcare
- Global Data
- Greenwich Council
- National Health Service Scheme (NHS)
3. International Business Management In Canada
Canada is full of exciting opportunities for candidates looking to work in a dynamic environment. Moreover, it is a more affordable option for international students. Once you complete your graduation, you can apply for many types of certifications, like FITT – Forum for International Trade Training and CITP – Certified International Trade Professional. You can acquire one year of experience and choose any of these courses to gain more skills and enhance your resume.
Some of the famous universities in Canada where you can pursue this course are listed here.
| University | Course | Total Cost Of Tuition |
| University of Alberta | MBA in International Business | CAD 57,694 |
| Universite de Montreal | MSc in International Business | CAD 30,800 |
| Western University | MScM in International Business | CAD 77,200 |
| Queen’s University at Kingston | Master of International Business | CAD 55,975 |
| University of Victoria | MBA in International Business | CAD 44,728 |
| University of New Brunswick | MBA in International Business | CAD 31,336 |
| University of Regina | MBA in International Business | CAD 53,620 |
Canadian universities focus on inculcating various practical skills in their students, such as networking abilities and cross-cultural skills, capitalising on collaboration opportunities, developing adaptive thinking, and increasing emotional intelligence. Exploring which university’s curriculum offers all these facilities is essential. Although each institute has different eligibility criteria, we can determine the following standard requirements. Check out the table below.
| Requirements | Details |
| GPA | A minimum grade of B or equivalent |
| Cost of studying | CAD 50,190 |
| Cost of living | CAD 21,684 |
| Eligibility | Academic transcripts, letters of recommendation, personal essays, financial documents |
| Standardised tests | IELTS: 6.5TOEFL: 80 – 90GMAT: 550+ |
| Average annual salary | CAD 90,000 |
Some of the top job profiles for international candidates in Canada are as follows –
- Consulting associate
- Financial analyst
- Marketing Coordinator
- Accountant
- Project manager
4. International Business Management Course In Australia
Not only are Australian universities renowned for their quality of education but 8 are also ranked among the top 100 globally for their international business management courses. Students can find affordable study options by accessing student loans, grants or scholarships for management degrees. Moreover, employment opportunities are opening every year, with Australia’s unemployment rate only at 3.5%.
The first step to exploring more details about any course is to find the top universities that offer this degree. The following table contains these details along with their annual cost of tuition.
| University | Course | Total Cost Of Tuition |
| University of Melbourne | Masters of International Business | AUD 97,809 |
| University of Sydney | Masters of International Business | AUD 67,000 |
| University of Queensland | Master of Business | AUD 88,576 |
| University of Newcastle | Master of International Business | AUD 61,000 |
| Macquarie University | Master of International Business | AUD 81,600 |
An international management degree from an Australian university enables students to find work opportunities on a global scale. Students can earn anywhere in the range of AUD 70,000 to AUD 90,000. Furthermore, as they gain more experience and learn more skills, they can also acquire job profiles with higher pay. But before you move on to the employment opportunities, here’s what you need to know about admission to an Australian university for this course.
| Requirements | Details |
| GPA | A minimum GPA of 2.0 on a scale of 4.0 or equivalent |
| Cost of studying | AUD 79,197 |
| Cost of living | AUD 26,832 |
| Eligibility | Academic transcripts, letters of recommendation, personal essays, financial documents, and work experience (may be required in some universities) |
| Standardised tests | IELTS: 6.5TOEFL: 80+GMAT: 600 |
| Average annual salary | AUD 70,000 to CAD 90,000 |
After completing this degree, students can work in the following professional capacities –
- Auditor
- Compliance Officer
- Marketing Executive
- Mediator
- Management Consultant
- Financial Analyst
- Business Analyst
- Campaign Manager
FAQs
Q1. What is international business management?
Ans: An international business management degree focuses on skills and methodologies required to work in an international setting of finances and management. This means that students learn financial transactions, business deals, operation control and large-scale management on a global level. This degree also helps candidates acquire high-paying jobs in multinational companies and more efficiently participate in their day-to-day operations.
Q2. What is the scope of international business management?
Ans: On completing a degree in international business management, graduates can work in multinational companies and find better opportunities for career advancement. Global Marketing Manager, Business Development Manager, Financial Trader, External Auditor, and Supply Chain Manager are some of the popular job profiles.
Q3. What are the subjects in international business management?
Ans: Finance and Accounting, Human Resources Management, Business Economics, International Business Law and Practice, International Management, and Corporate Ethics and Governance are some standard subjects taught under this degree.
Q4. What are the prerequisites for enrolling in an international management course?
Ans: Every university and programme’s prerequisites for pursuing this degree differ. Some of the standard requirements include a bachelor’s degree in relevant subjects (for master’s), academic transcripts, scores of standardised tests, financial documents, CV or resume, portfolio, letter of recommendation, and personal essay. Some universities may also require prior work experience.
Q5. How does an international business management degree differ from a regular business management course?
Ans: An international business management degree focuses on the larger aspect of finances, operations and management. For instance, a regular course would include subjects and modules that would benefit a student working in a small-scale company. In contrast, an international management degree enables students to acquire jobs in international settings and multinational companies.
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I have done Bachelor’s in Culinary Arts from India and completed my graduation in the year 2022 .I am 22 years old. After graduation, I have done 1 year paid internship from USA .Now, I would like to take occupational experience and learn culinary skills and also do masters in Culinary arts.How can I find the college n best course / country where I can persue studying further