If you’re interested in studying international business, graduate school may be a great place to do so. International business graduate programs—at the certificate, master’s degree, and doctorate degree levels— may help professionals pursue advanced education in an ever-evolving and increasingly expansive field. Once you've completed your bachelors degree in international business, read on to explore international business graduate programs and what you might learn in a graduate program.
What is International Business and Why Study It?
International business basically comprises the commercial and economic transactions made by businesses, governments, nonprofits, and other organizations across borders and between countries. Commercial transactions might include goods, services, or resources, and economic transactions might include capital, skills, people, and more.[i]
So why study international business? To participate in international business, professionals may need to know about different countries’ legal systems, political systems, economic policies, accounting standards, labor standards, living standards, environmental standards and cultures. They may also need to be familiar with different foreign exchange markets, tariffs, imports and exports regulations, trade agreements, climates, education systems, and languages.[ii] As you can see, international business is an incredibly broad and expansive field. National and regional economies throughout the world are increasingly globalized; multinational enterprises and organizations continue to emerge and expand; and more and more governments, nonprofits, and other entities transact resources such as goods, services, and human capital across borders. The result is a more globalized business world dependent on the skills and knowledge of highly trained international business professionals.
Graduate programs in international business may help professionals develop the kinds of skills and knowledge they need to succeed in this increasingly globalized world.