Masters in International Business

What Do You Learn in a Masters in International Business?

A Master of International Business (MIB) is a type of educational path that may be designed for those students who wish to pursue business related-topics on an international scale. These individuals may work in a range of aspects of business and nonprofit management in this field including for global for-profit and non-profit organizations.

Typically, those completing a Master of International Business have already completed a bachelor’s degree in the field or in a related business field. The master’s degree usually offers more insight and skill training to ensure students have the ability to work in in international capacity in their field. Students may select from a range of specific course options, but many students spend time in courses designed to educate on international trade and commerce, global business management, and importing and exporting.

International Business Masters

Top 25 Schools Graduating Students with a Masters in International Business

The following are the topic 25 schools based on the number of students graduating with a Master in International Business during the 2019/2020 school year, according to NCES data.

College / University GraduatesAcceptance Rate 
Hult International Business School73343%
Arizona State University Digital Immersion14364%
Arizona State University Campus Immersion13386%
Northeastern University Lifelong Learning Network132N/A
Pepperdine University10432%
Duke University918%
Florida International University6458%
University of South Carolina-Columbia6269%
University of Southern California5611%
University of Virginia-Main Campus5324%
University of Miami4127%
Georgetown University3714%
Tulane University of Louisiana3513%
University of Delaware2971%
Tufts University2615%
Nova Southeastern University2080%
Saint Louis University2058%
California Lutheran University1971%
Colorado State University-Global Campus1899%
Georgia State University1876%
Arcadia University1766%
Brandeis University1730%
Fashion Institute of Technology1754%
Stratford University16N/A
Goldey-Beacom College1457%

International Business Courses May Include

Below are some of the courses that a student in a graduate level program may take as a component of their Master of International Business.

1st course Financial Accounting

Financial Accounting

In this course the financial accounting cycle is typically introduced. The use of accounting information and the roles of a accountants, political influence and social influence are all topics often covered in this course. Methods used for operating, investing, and financing may be discussed.

2nd course Financial Management

Financial Management

This course typically focuses on financial theory. Analysis techniques and valuation theory may be covered in this course. Investment decisions, cash distributions and capital structure are often other components of this course.

3rd Course Manager in the International Economy

Manager in the International Economy

Practices and principles of conduction international business are typically the core of this course. Topics covered may include the nature, trends and scope of international business. The use of accounting information and the roles of accountants, political influence and social influence are all topics typically in this course. Methods used for operating, investing, and financing may also be a part of the course.

4th Course Applied Managerial Statistics

Applied Managerial Statistics

This course usually covers the use of statistics in making business decisions. Interpretation and analysis of these statistics on a global level are often covered as a part of this course. The use of real world data sets and software may be introduced in this class.

5th Course International Communication

International Communication

In this course students may be introduced to how to work with international cultures in business. Topics typically include understanding these cultures and their methods as well as how to adapt to meet the needs of others while still using familiar techniques and methods.

6th Course International Negotiation

International Negotiation

This course typically covers the art of business negotiations on an international level. Understanding conflicts of interest as well as how cultures perceive and understand what is going on and what benefits they perceive versus what you have to offer may be covered in this course.

  • Some of the nation’s most affordable tuition rates, from a private, nonprofit, NEASC accredited university
  • Qualified students with 2.5 GPA and up may receive up to $20K in grants & scholarships
  • Multiple term start dates throughout the year. 24/7 online classroom access

5 Most frequently asked questions (FAQs) about a Masters in International Business

Completing an international business masters degree may help students work in several fields. This may include positions such as global sourcing manager, international marketing manager, business development director, or global product manager.

Yes, several colleges and universities offer international business master’s degree programs. These programs typically cover topics related to establishing and managing business overseas.

While an MiM is related to international business, it is not necessarily better than an MBA. Rather, both courses cover business topics and concepts. The MBA is typically geared towards those who have some experience in the field. MiM is more focused on those who are fresh out of college.

It may be. Business colleges set their rules on what is required for admission to programs like the MIM. GMAT scores may be a part of some programs as a result.

Students with a bachelor’s degree in a business field may be able to complete the international business master’s program in about 2 years. Accelerated programs may reduce this time to as little as 18 months, and are available from some colleges and universities.

Find Funding

Paying for a college education at the graduate level may require the use of one or more funding options. The average cost of a master’s degree during the 2019/2020 school year was $19,7, according to NCES. For those who may not want to pay for that out of pocket, there may be a few options for covering those costs.

Below are some examples of potential funding options for master’s and doctoral degree programs. Each one is a bit different in what they offer, but many people consider more than one option before making a decision.

Scholarships

Scholarships are an opportunity to obtain money to use for tuition and other school-related costs. These are often offered by a range of organizations including nonprofits, companies, and local providers. The funds received often do not have to be repaid. However, many scholarships have rules that applicants and recipients need to follow to receive the funds. Take a closer look at the business and marketing scholarships that may apply to a master’s in international business.

National Speakers Association Foundation Scholarship

Who Can Apply: This award is available for international and U.S. college juniors, seniors and/or graduate students with an interest to become a public speaker, regardless of major. Professional speakers and trainers, speech educators and those who want to or are using their speaking talents for improving the lives of others should apply for this award.

Amount: $5,000

Deadline: April 26

NABA National Scholarship Program

Who Can Apply: This award is available for currently enrolled undergraduate or graduate students who are African American (black) or of African descent and are active members of the National Association of Black Accountants (NABA). Students must have an overall grade point average of 3.3 or higher and a major grade point average of 3.5 or higher.

Amount: $5,000

Deadline: December 15

Knowmad Digital Marketing Scholarship

Who Can Apply: The Knowmad Digital Marketing Scholarship is available for undergraduate and graduate students in the U.S. who are majoring in business, marketing, or communications.

Amount: $500

Deadline: October 1

AACE International Scholarship

Who Can Apply: This award is for current full-time college students who are majoring in a program related to total cost management, such as engineering, construction management, building construction, the computer sciences, business, quantity surveying, information technology, or other related field.

Amount: $2,500

Deadline: March 5

Federal Loans

Some students elect to use federal student loans. These provide funds to cover the cost of tuition, books, and sometimes other fees. At the graduate level, there are options available for some students in federal loans, though there are typically fewer than are available at the undergraduate level. Still, applicants need to meet the requirements set by the lender and any repayment obligations present.

There are several federal student loans that may be applicable to those at the master’s degree level. Here are a few examples to consider:

Here is a look at some of the options for graduate degree programs through federal student loans:

  • Direct Unsubsidized Loans: These are available to graduate schools and professional students. Unlike direct subsidized loans, which are made available to undergraduate students with demonstrated financial need, direct unsubsidized loans do not have a need based requirement. More students may be eligible for them.
  • Direct PLUS Loans: These are made available to professional or graduate level students. They are designed to pay for educational expenses that are typically not paid for through other loans. Eligibility for these loans is not based on financial need. However, some require a credit check to be performed, and borrowers may not qualify without meeting other requirements in some cases.
  • Direct Consolidation Loans: These loans enable a student to combine all of their undergraduate and graduate level federal debt into one new loan. This consolidation loan is typically provided after a student completes their education.

Private Student Loans

Another option for some students is a private student loan. These are loans offered by third party providers. They are not backed by the federal government. As a result, the loan terms and conditions differ from one lender to the next. Some of the features common with federal student loans may not be applicant in private loans. Borrowers may wish to learn as much as possible about the loan terms and conditions before using private student loans.

Still for many graduate students who may need more funding than they qualify for through federal loans, or for those who do not qualify for federal loans, private loans may be an important resource.

Is marketing manager a good career?

Those who work as a marketing manager may plan and direct marketing policies and programs for organizations. This may include for in demand products or services offered by the company. They may also work to identify customers, work to develop pricing strategies to maximize profit and meet market demand, and oversee product development. Many times, they monitor trends in their industry as well.

Some of the tasks a marketing manager may focus on include identifying, developing, and evaluating marketing strategy for the company. This is based on the organization’s market characteristics, objectives, costs, and markup goals. These managers may work to formulate, direct, and coordinate marketing activities and policies working with promotion managers and advertising professionals. They may also evaluate financial aspects as they related to products including product development such as research and development appropriations, expenditures, and budgets. Many manage pricing strategies to balance customer satisfaction and firm goals while also compiling lists to describe the product offerings.

International Business Masters , Important skills for Marketing Managers
  • Active Learning — Understanding the implications of new information for both current and future problem-solving and decision-making.
  • Active Listening — Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
  • Critical Thinking — Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.

Work activities of a marketing manager may include communication with supervisors and peers to oversee projects and goals. They may also develop marketing plans and strategies with one or more other people. They may direct sales, marketing, and customer service components of the company’s operation. They may also analyze data to inform operational activities as well as decision making. Many also estimate the cost of materials for product development and creation.

To work as a marketing manager, individuals may need to have at least a bachelor’s degree in the field. Some employers may not require this if a person has experience. Others may require a higher degree. Employees typically have some experience in the field before working in this position. There may be some on the job training, but preparation through education is common.

2020 Median Salary for Marketing Managers

The following are the 2020 median salaries for those working as a marketing manager in each state, based on Bureau of Labor Statistics information.

StateSalaryStateSalary
Alabama$106,560Alaska$91,410
Arizona$115,340Arkansas$126,830
California$166,300Colorado$164,680
Connecticut$138,810Delaware$153,290
Georgia$129,880Florida$116,940
Idaho$105,840Hawaii$99,600
Indiana$112,400Illinois$127,570
Kansas$130,770Iowa$109,430
Louisiana$88,710Kentucky$104,500
Maryland$133,860Maine$96,280
Minnesota$144,120Massachusetts$141,110
Montana$112,310Michigan$129,600
Nevada$106,080Mississippi$76,800
New Jersey$167,880Missouri$126,650
New York$181,240Nebraska$98,870
North Dakota$110,540New Hampshire$129,870
Oklahoma$114,040New Mexico$86,470
Pennsylvania$136,640North Carolina$136,600
South Carolina$113,030Ohio$132,830
Tennessee$99,830Oregon$126,500
Utah$104,970Rhode Island$156,430
Virginia$165,370South Dakota$137,680
Wisconsin$121,460Texas$143,080
Washington$155,560Vermont$99,720
West Virginia$90,180Wyoming$119,520

Is management analyst a good career?

The position of management analyst may be another career path for those completing this management degree program. Those who work in this field typically conduct organizational studies and evaluations. They may work in international markets. They often design systems and procedures and work to simplify applications and manage studies related to the company’s objectives. They may work to improve efficiency within a company at various points.

A management analyst’s tasks may include document the findings of various studies and make recommendations for new systems, changes within the organization, and procedural changes. They may also interview personnel and manage the onsite observations of various components of the work being done including equipment, personnel use, work performed, and unit function. They may analyze data to determine solutions for problems within the company related to these fields. They may also work to study problems and procedures within a company to develop new or more modern solutions to those concerns. They also typically work with other members of management in making key changes.

International Business Masters , Important skills for Management Analysts
  • Active Listening — Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
  • Critical Thinking — Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
  • Reading Comprehension — Understanding written sentences and paragraphs in work-related documents.

Work activities may include advising others on operational matters within the organization. They may also prepare research reports on specific goals or needs within the company. They often analyze through observation, interview methods, and surveys related to specific needs within the company. They may also analyze business and financial data as it relates to the work at hand.

Many employers who hire management analysts expect these individuals to have a high level of education, which is typically a masters degree. They may provide little on the job training and expect employees to have experience in the field. This typically includes working in the field for 5 or more years.

2020 Median Salary for Management Analysts

The following are the 2020 median salaries for those who worked as a management analyst in each state, based on Bureau of Labor Statistics information:

StateSalaryStateSalary
Alabama$90,380Alaska$96,980
Arizona$78,520Arkansas$55,260
California$87,510Colorado$95,290
Connecticut$95,230Delaware$79,280
Georgia$86,100Florida$71,420
Idaho$69,240Hawaii$79,110
Indiana$73,850Illinois$91,130
Kansas$72,290Iowa$79,340
Louisiana$76,890Kentucky$70,810
Maryland$102,660Maine$76,730
Minnesota$86,630Massachusetts$101,390
Montana$74,220Michigan$84,270
Nevada$73,180Mississippi$68,120
New Jersey$104,610Missouri$82,360
New York$98,100Nebraska$75,170
North Dakota$65,680New Hampshire$90,170
Oklahoma$77,490New Mexico$76,500
Pennsylvania$84,370North Carolina$89,770
South Carolina$76,720Ohio$82,620
Tennessee$76,390Oregon$85,950
Utah$67,190Rhode Island$87,160
Virginia$97,840South Dakota$70,990
Wisconsin$81,340Texas$89,700
Washington$98,870VermontN/A
West Virginia$73,140Wyoming$78,530
Sandy B CONTRIBUTING WRITER

Sandy Baker

CONTRIBUTING WRITER

Sandy has extensive experience writing educational articles for topics ranging from online education to college degrees. She’s worked with several Ivy League colleges to create blogs, newsletters, sales material for recruiting as well as “how to manage” college lifestyle pieces. Additionally, she’s written for well-respected study abroad programs helping students to find international opportunities spanning the globe from South America to Africa and Asia.

Sandy’s experience also includes writing about financial aid, FAFSA, scholarship searches, and managing college loans and grants. This includes aiding both students and parents in managing the application and financial aid process from start to finish. Her writing in this area has been featured in The New York Times, Cleveland Magazine, and several blogs.

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