A doctorate degree in international business will open a wide range of career and business opportunities for you. An accredited international business doctorate program will prepare their students for careers in economic research, risk management, and business development, among others.
Understanding the dynamics of international business is becoming one of the most marketable financial skills in our increasingly globalized world, so students with a doctorate in International Business will be highly sought after on the job market, and can confidently expect a six-figure salary.
What is an International Business Degree?
An international business degree is an academic degree that has an interdisciplinary curriculum which is designed to give students an understanding of economics and foreign affairs. International business degrees are offered at all levels of academia, from associates to Ph.D. Some examples of classes that are commonly offered in international business degree programs include:
- International Economics: Courses in international economics are an interdisciplinary cross between finance and politics. Students will learn how to determine currency exchange rates, open-economy fiscal policies, and international portfolio diversification.
- Business Analysis: Courses in business analysis give students an understanding of organizational structure and communication, data science, and project management. These skills are designed to give students the ability to find problems in business models and improve the efficiency of their business.
- Foreign Language: Foreign language courses prepare students for superior communication skills in the field of international business. If you have an idea of the specific global markets that you are interested in, it is a huge advantage to be able to speak their native language.
- Intercultural Communication: Courses in international communication give students an understanding of how their culture stands in relation to other countries. As an international business major, it is important that you understand the customs of foreign nations so that you can transcend cultural barriers.
- Ethics: Courses in business ethics will allow students to comply with best practices. International business ethics are unique because different countries in different global markets can expect business to be conducted in ways that can surprise you if you are unprepared.
If these seem like the type of subjects areas that will help you build the knowledge base that will qualify you for your desired career, you should check out our ranking of the best online doctoral programs in international business. If any of the schools pique your interest, be sure to follow the links to their website and request more information.
What Can You Do With an International Business Degree?
International business degrees are versatile degrees that lend themselves to a number of jobs beyond those that would be considered an international business job. The knowledge of economics, ethics, and communication that you will build in an international business degree program lend themselves to a number of professional fields beyond international business, including:
- Marketing: The unique combination of finance and cross-cultural communication skills that are offered in international business programs are uniquely suited for successful marketing managers.
- Human Resources: The organizational analysis, ethics, and communication skills that you build in an international business degree program are great for people who want to manage the administrative side of helping business employees feel comfortable in the work environment.
- Finance: International business degrees have a heavy focus on accounting, financial analysis, and international trade. These skills provide a solid basis for financial managers and similar positions.
- Education: The communication skills and knowledge that you learn in an international business degree program will qualify you to become a business professor or general education teacher at the high school level.
- Law: The ethics, politics, and international trade knowledge that you build in your international business degree program will provide a strong academic background for future lawyers.
Many international business degree programs have particular specialization tracks that are available for students to choose from if they have an idea of what professional field they want to apply their degree to after graduating. All degree programs are different and have unique options for their students, so if you are researching international business degree programs you should be sure to visit their school website and request more information about the specifics of their degree programs.
What Accreditation Is Best For International Business Degree Programs?
When searching for degree programs the first thing you should check is that they are accredited or certified by the proper accrediting association. Accreditation bodies ensure that degree programs are held to industry standards and provide their students with high-quality educational experiences. When looking for an international business degree program, you should make sure it has accreditation from one of the following organizations:
- The Association to Advance Collegiate Schools of Business (AACSB): The AACSB provides accreditation for undergraduate and graduate level business degrees. The accreditation is the most well-regarded accreditation for business schools, as only 25% of business schools in the United States have AACSB International accreditation.
- The Accreditation Council for Collegiate Business Schools (ACBSP): ACBSP provides accreditation for smaller colleges and universities that are under the radar for the AACSB. Accreditation standards are based on student experiential outcomes and professional placement.
- The Council for Higher Education Accreditation (CHEA): The CHEA is an umbrella association that recognizes 60 different accrediting bodies, including the AACSB and the ACBSP.
- The Distance Education Accrediting Commission (DEAC): The DEAC provides accreditation for online and distance learning degrees.
If you are interested in checking out some accredited international business degree programs that provide top-level educational experiences, check out our list of the best international degree programs. If any of the programs might be right for you, be sure to follow the links to their school website and request more information.
What Jobs Can You Get With a Doctorate Degree in International Business?
Graduates with a doctorate degree in international business will be some of the most qualified candidates for a wide range of highly desirable jobs that come with high salaries and full employee benefits. Some of the most common jobs for international business students include:
- Advertising, Promotions, and Marketing Managers: Marketing managers are hired to promote the brand of a product, company, or service, by designing and implementing marketing strategies. There are currently 249,600 marketing managers in the United States, and that number is expected to rise by 10% over the next decade.
- Logistician: Logisticians coordinate the supply chain that allows products and services to be physically distributed to customers. There are currently 148,700 logisticians employed in the United States, and that number is expected to grow by 7% over the next decade.
- Management Analyst: Management analysts observe companies, corporations and other institutions to devise strategies to increase efficiency and employee morale. There are currently 806,400 management analysts in the United States, and that number is expected to grow 14% over the next decade.
- Operations Research Analyst: Operations research analysts analyze company data and finances in order to propose ways to maximize profit and efficiency. There are currently 114,000 operations research analysts in the United States, with that number expected to increase by 27% over the next decade.
- Human Resource Manager: Human resource managers oversee the administrative operations of companies, corporations, and other institutions. There are currently 136,100 human resource managers in the United States, and that number is expected to increase by 9% over the next decade.
- Financial Manager: Financial managers oversee the finances of organizations by recording and archiving financial records and devising and implementing strategies for fiscal growth. There are currently 580,400 financial managers employed in the United States and that number is expected to increase by 19% over the next decade.
If you would like to be hired for one of these positions, the best way to differentiate yourself from the field of applicants is by earning a doctorate in international business. For some great program options, check out our ranking of the top online doctoral programs in international business.
How Much is an International Business Salary?
International business degree graduates are highly sought after on the job market and can expect to earn lucrative salaries, often over six figures. Graduates that are entering the job market should be aware that there are a number of variables that can influence your expected salary, including your specific employer, location, and degree. The average salary of some of the most common jobs for international business students are:
- Advertising, Promotions, and Marketing Managers make an average annual salary of $129,380 per year, which comes out to $62.20 per hour.
- Logisticians make an average salary of $74,590 per year, which comes out to $35.86 per hour.
- Management Analysts make an average annual salary of $82,450 per year, which comes out to $39.64 per hour.
- Operations Research Analysts make an average salary of $81,390 per year, which comes out to $39.13 per hour.
- Human Resource Managers make an average annual salary of $110,120 per year, which comes out to $52,94 per hour.
- Financial Managers make an average salary of $125,080 per year, which comes out to $60.14 per hour.
If you would like to earn the qualifications to get your foot in the door in one of these great positions, you should check out our ranking of the top online doctoral programs in international business, and if any of them pique your interest, be sure to follow the links to their school website and request more information.
Do You Travel a Lot Working in International Business?
If you land a job as an international business executive or liaison you will be able to take trips all around the world at no expense to yourself. However, many international business companies communicate with their international partners over the internet, so employees do not necessarily have the opportunity to travel. If you are looking to earn a job with your international business degree that will allow you to travel, you should consider the following career options:
- Imports and Exports:: Working in international trade will necessitate visiting manufacturers and trade partners in other parts of the world. If you are an international business graduate with an entrepreneurial spirit and are looking to explore the globe, a job in imports and exports could be a great fit.
- Consultant: Consultants travel to different customers, providing support services for a number of different institutions in a number of different capacities. International business students are strongly suited for providing economic and fiscal consulting to multinational corporations.
- Professor: Business professors at universities can travel the world by going on trips abroad with students, or going on sabbatical, or teaching on loan at a foreign university.
If you are interested in earning an international business degree so that you can be an international citizen, you should check out some great international business programs. For other degrees that are sure to allow you to engage your wanderlust, check out these other degrees that keep you on the go.
What Associations or Organizations Can I Join After Earning My Degree in International Business?
There are many associations and organizations that are available for professionals and graduates who want to stay connected to the world of international business. Some of the most high profile international business associations:
- World Trade Organization (WTO): The WTO is an organization that deals with the politics of international business.
- International Chamber of Commerce (ICC): The ICC provides forums, leadership development resources, and advocacy programs for foreign nations. The ICC hosts a number of events throughout the year that are great networking opportunities for international business professionals.
- International Association of Business Communicators (IABC): The IABC provides networking events and opportunities for over 15,000 international business professionals.
- International Business Organization (IBO): The IBO helps foreign communities and companies do business and immigrate to the United States by providing resources such as real estate information, health insurance, and immigration services.
- The Federation of International Trade Associations (FITA): The FITA is an organization of over 8,000 international trade websites, and includes over 450,000 affiliate professionals.
There is a wide variety of international business organizations, and it can be hard to tell which ones you should belong to. Fortunately, professors and advisors in your international business degree program will be able to provide guidance. Whenever you find a program that you think is a good fit, help yourself out by reaching out to the school that offers it to request more information and help with your application.