Illinois Masters in International Business
International business masters programs aim to help students develop a thorough understanding of business practices, laws, and standards used to compete in a global market. Classes typically cover techniques and methods in international leadership, management, marketing, and trade.
These courses may help prepare you to efficiently interact with foreign economies. Therefore, a masters in international business program could be a great choice for students looking to bridge business gaps in an increasingly interconnected world.
Potential Masters in International Business Curriculum
Since many undergraduate business programs cover basic business practices, an international business masters program tends to focus more on addressing the unique concerns of a global economy. To do this, courses examine concepts like cultural, economic, and legal differences between regions and countries.
This way, students could potentially navigate between these individual foreign markets with ease. Understanding these varying external influences could be valuable when making foreign negotiations or other business related deals.
During your studies, you might be able to take the following classes.
- International Economics
- International Marketing
- Cultural Environment of International Business
- International Business Law
- Global Business Management
- International Negotiations
- International Supply Chain Management
These are only a sample of classes you could take in international business masters programs. Be sure to check in with potential programs for more details or to request a complete course guide.
Popular Masters in International Business Programs
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How Long Does It Take to Earn an International Business Masters Degree?
International business masters programs typically require students to complete 30 to 39 credit hours. This means that students could potentially earn a masters in international business in 1.5 to 2 years depending on enrollment. Program length varies by school. Speak with your intended program for more details about program length.
Different Types of International Business Masters Degrees
International business masters program offer a variety of degree types to address the needs of students at different points in their business education. This way, beginners and veterans alike could have appropriate academic support to help them develop their international business know-how. Some of the most common options are listed below.
Masters in International Business
The masters in international business (MIB) primarily examines advanced topics in global market performance strategies. These programs often take a more in-depth look at topics such as international business law, economics, and marketing. Due to this, classes in business basics are generally not offered in the curriculum. This might make it a great choice for students who have already studied business as part of an undergraduate degree and wish to focus their knowledge further.
Masters of Business Administration (MBA) with International Business Concentration
A general masters of business administration (MBA) with an international business concentration might be a perfect program for students with less previous business education. In addition to teaching the above-mentioned courses, these programs also cover general business practices. This could include topics in managing teams, strategic planning, and managerial practices.
Other Degree Titles
In addition to the above-mentioned options, schools might offer other degrees that are similar to an international business masters. These degree programs may cover comparable international business material. For example, keep your eye out for the following programs.
- Global Management
- International Negotiation and Conflict Resolution
- International Marketing Management
- Global Leadership
- International Relations
To see if one of these matches your goals, be sure to reach out for more details about their specific course of study.
Applying to International Business Masters Programs
When researching potential schools, you may find that many international business masters programs require students to have earned a related undergraduate degree. This way, programs could focus on teaching advanced topics in international business. Students may be asked to submit a 3.0 undergraduate GPA, in addition to GRE/GMAT scores.
However, students who have not previously earned a bachelor’s degree in business may still be able to pursue a masters in international business degree. While some programs require previous experience, others offer remedial or fundamental classes for new business students. This might be an opportunity for students to jumpstart their business education while simultaneously studying the international marketplace.
Admissions requirements vary by school. Check with your intended program for more info.
International Business Masters Program Formats
Masters in international studies programs attempt to accommodate a large range of student needs. For example, some students continue to work professionally during their degree program. Others may be looking to pursue an international business masters degree right after earning a general bachelor’s degree. No two students may have the same requirements. Consider your needs and goals when choosing between the following.
Earning your international business masters at school might be a great choice for students who prefer face to face interactions. This way, you could learn about global economic communities side by side with your peers. This might be a great opportunity to build your local professional network. Many professors also provide office hours for you to receive personal attention and continue to build relationships.
Additionally, you might have access to the many facilities offered by your school. This could include libraries, computer labs, career services and business related programs. Follow up with your preferred schools to see what other services may be offered.
Online masters in international business could allow you to access your coursework from anywhere with an internet connection. This might be perfect for current business professionals who are looking to expand their current skillset to address contemporary challenges. You could log into your classes as your time allows, making is flexible around your working schedule. As an added bonus, you won’t be limited by geography when selecting a great program for you. And neither will your classmates! This might be your chance to build a network spanning the globe.
Hybrid international business masters take aspects of both the above-mentioned programs. For the majority of the time, you could pursue your courses conveniently online. But, during scheduled days throughout the semester, you would attend classes on campus. These class times could be a great way to interact face-to-face with your online professor. Additionally, this may be a great choice for students who want the flexible scheduling of online but also want to build possible professional contacts with their classmates.
Program formats vary by school. Be sure to check with programs for more information.
What Can You Do with a Masters in International Business?
According to the Bureau of Labor Statistics, an international business masters could be applied to many general business professions that interact with foreign countries. Below are a few careers you might pursue, as well as their median salary for 2015.
- Accountant, $67,190
- Budget Analyst, $71,590
- Purchasing Agent, $59,620
- Financial Examiner, $78,010
- Financial Analyst, $80,310
- Market Research Analyst, $62,150
Employers in these field typically require entry-level applicants to have earned a bachelor’s degree in a related field.i However, a masters in international business might demonstrate specific, advanced knowledge in working with foreign countries. For more details, ask your program for more information about their career assistance programs.
GradSchools.com offers 6 International Business Masters Degree Programs
Now you're equipped with the information you need to start your search for a masters program in international business. Don’t be shy, reaching out to more than one school that offers international business programs may increase your chances of achieving your goal.