An MBA in International Business is one of the entrepreneurial degrees that are rapidly growing in popularity and has become the focal point of countless incoming students. Just consider that, according to Forbes, the latest MBA class from Harvard University had an average starting salary of $160,268. That compensation effectively gave those students three times more earnings than an average person makes in the United States per year. And whilst Harvard is certainly on the far end of the spectrum, it is a known fact that MBA degrees boost starting pay and open more job opportunities. In the case of international business, however, what exactly can you expect to do after graduation?
Students who graduate with master’s in general or international business often begin by working as consultants. In all fairness, that title is incredibly misleading as you will do much more than simply consulting. Your job will include a slew of responsibilities that range from simple project management to complex campaigns that revolve around raising cultural awareness. The reason why a lot of advisors suggest this role as the entry-level position is precisely due to its versatility. In other words, you will be exposed to a lot of different tasks that will allow you to figure out what truly sparks your curiosity.
International Expansions Leadership
Once corporations reach a certain level of success, they may want to pursue cross-border expansion. As Forbes showcases once more, many businesses had problems with overseas markets in the past. Examples include Best Buy, Walmart, Home Depot, and more. This is where a new wave of international business students can slowly come in and help overcome the barriers to entry. Courses that deal with cultural awareness, adaptability, and negotiation techniques are crucial for your success in leading expansion endeavors.
Besides the business sector, which is the most common employer of MBA students, there are some other outstanding solutions. The best example would be the non-profit or governmental sectors that frequently look for international business analysts who can help improve globalization. Your basic responsibilities would include understanding and reviewing tariff proposals, international pricing models, import and export agreements, and similar. That way, the lawmakers can continue regulating the ever-expanding markets effectively and avoid perpetuating a competitive advantage to foreign sellers.
Another great career choice for someone with an MBA in International Business is global trading. Just like investors in the United States earn passive income by trading on the United States-based stock exchanges, entrepreneurs from around the world do the same in their home countries. That means that you could take advantage of your international knowledge to enter foreign venture capital and begin operating in realms of China, Japan, the United Kingdom, India, and more. All of those regions are known for their outstanding economies that are remarkably under-explored by United States investors.
Related Resource: Top 30 Most Affordable MBA in International Business Online Programs
Finally, you should consider working for one of the many expat corporations that used to be in the United States but are now based somewhere else. Professionals who pursue that route are exposed to a lot of traveling that brings them closer to new, exciting cultures. You should note that the compensation related to all of the options mentioned here is easily above the nation’s average. Therefore, the only question that remains is where in particular would you like your MBA in International Business to take you.