Graduate International Business Programs & Schools in Chicago
Graduate programs in International Business explore strategies, principles, and theories on the challenges and opportunities of globalization. Through intensive coursework – at the certificate, master’s degree, and doctorate degree levels – students may gain a greater understanding of the global business market.
The students interested in working abroad, you may discover new insights into the cultures and countries around the world – and their place in global business. You will also have the opportunity to learn about different educational systems, languages, foreign exchange markets, trade agreements, and more.
International Business Grad Programs: Overview
Graduate programs in International Business may offer a curriculum that would lead to a Master’s and or Doctor of Philosophy (PhD) in international business. For those who want to pursue graduate studies in international business, a graduate certificate may also be an option.
What Is International Business?
Essentially, international business involves cross-border commercial and economic transactions between two or more countries. From the commercial side, this may include business, nonprofits, government, and other organizations. Economic transactions may include capital, skills, and people for the purpose of the international production of physical goods and services such as finance, banking, and insurance. As the world becomes more global, the need for individuals who understand the logistics of international business continues to grow and expand.
A term you’ll frequently hear in the world of international business is globalization, which is the process a multinational company would take to eliminate barriers and make the free flow of services, goods, and capital across borders easier.
Globalization also includes innovations in communication and technology – all part of an effort to weave together the economies of different countries. The result is a more globalized business world.
The professionals in international business may need to know the following things about different countries:
- Legal Systems
- Political Systems
- Economic Policies
- Accounting Standards
- Labor Standards
- Imports & Export Regulations
- Living Standards
Graduate programs in this field may cover many of these topics, which may help them develop the skills and knowledge they need to succeed in this increasingly globalized world.
Students typically need a bachelor’s degree from a regionally accredited college or university. Other required material may include letters of recommendations, GRE scores, a personal statement, and prerequisite courses.
Some graduate programs in international business may require real work experience and the ability to speak a second language. Be sure to check with your preferred program about the requirements needed.
What Are the Types of International Business Graduate Programs?
Graduate programs in international business offer master’s degrees, certificates, and doctorate degrees. Master’s and doctorate degree programs can help professionals develop in-depth knowledge of the field and enhance their international business and academic careers.
On the other hand, certificates may be perfect for professionals who simply want to gain some knowledge or skills in international business.
Popular International Business Graduate Programs
Master of Science in international business
Doctor of Philosophy in Business Administration – International Business
Doctor of Business Administration – International Business
Master of Art in international business
Master of International Business
Master of Master of Business Administration in International Business
International business graduate programs often appeal to business professionals. Thus, many programs offer evening and weekend programming and online, hybrid, or on-campus options.
Within the programs, students may be able to study abroad, participate in language programs, and take part in membership programs.
Students may also find programs that combine a Master of Business Administration with a Master of International Business or a Doctorate of Business Administration with a Doctorate of International Business.
Below is a brief overview of your options.
Schools with International Business Graduate Degrees in Chicago
DID YOU KNOW?
Some of the classes in a graduate program in international business include intercultural communication and imports and exports.
What are the different types of Masters in International Business?
Students may pursue one of four types of master’s degrees in international business:
- Master of Science in international business (M.S.)
- Master of Art in international business (M.A.)
- Master of International Business (M.I.B)
- Master of Master of Business Administration in international business (M.B.A.)
An M.S., M.A., or M.I.B. in international business usually includes coursework that emphasizes theories, key concepts, practices, and applications of international business.
Courses in business in a particular region of the world or a particular industry may also be part of the program. Adding elective courses to your program may provide a more in-depth area of study in international business.
An M.B.A. is different from the aforementioned degrees as its curriculum generally focuses on general business practices in an international context. If you like, you can pursue an M.B.A. and a master’s degree in international business simultaneously.
How Long is a Master’s Program in International Business?
An M.B.A., M.I.B., M.S., or M.A. in international business can take over one to two years of full-time, intensive, or part-time study. After you complete the program, you may have to write a thesis, take a comprehensive exam, or complete another type of capstone project.
Work with a mentor or an internship may also be required. Every school and program differs, so be sure to check with your preferred programs for specific requirements and course details.
A Doctorate Degree in International Business
For those who pursue a doctorate degree in international business, you may choose between two doctorate degree campus programs:
- Doctor of Philosophy in international business (Ph.D.)
- Doctor of Business Administration in international business (D.B.A.)
Many Ph.D. international business programs offer core and elective coursework in key concepts, principles, and theories. Students may also gain extensive and in-depth knowledge of international business as well as in specific areas of international business. If you choose to further specialize your education, you will need to complete a dissertation, which is an intensive research project. At the end of your Ph.D. program, you may have to defend your dissertation before a faculty panel.
D.B.A. programs in international business usually offer core and elective coursework in areas of general business. You may add international business to your coursework through a minor or with electives. Some D.B.A. programs, however, require intensive research as well as students with work experience in business. Check with your preferred campus international business program for specific requirements or qualifications.
A Ph.D. or D.B.A. in international business may take four to six years of full-time or intensive study to complete. At the end of the program, you may have to complete a capstone project (such as a dissertation) or take a comprehensive exam.
You may also be required to do an internship, do student teaching, work with a mentor, or work as a research assistant. Check with your preferred programs to learn more about their individual requirements.
The Graduate Certificate in International Business
To further develop knowledge in international business, many professionals and students pursue a graduate certificate in international business. Through core and elective classes, you may study general international business or focus on a particular area.
Some certificate programs may give students a great degree of flexibility to pick their courses while others have more specific requirements.
In most certificate programs, students are typically required to take four to 10 courses over the course of three months to one year.
Students in international business graduate certificate programs may take classes with graduate students in master’s or doctorate programs, and they might take a blend of on-campus and online courses. Be sure to check with your preferred graduate certificate program on courses that you can take on campus.
What Students May Study in International Business Graduate Programs
In international business graduate programs, students may focus on a component of international business in greater depth. However, there are certain key principles and theories that are common to a graduate degree in international business.
Key areas of study include:
- International Business
- International Trade Policies and Practices
- International Marketing
- International Management
- International Banking and Finance
- Global Supply Chain Management and Logistics
- International Business Simulation
- International Strategic Management
- Computer Applications in Business
- Multimedia and Business Presentations
- Economic Analysis for Global Business
- Ethical and Social Issues in Global Management and Interfaith Leadership
- Global Business Strategy
- Global Corporate Governance and Social Responsibility
- Doing Business in World Regions: The Regional Business Environment
Program Coursework for Graduate Certificates
Graduate certificate programs in international business address:
- Business Strategy
- International Trade and Policy
- International Marketing
Other courses may include finance, accounting, or management; international economics; as well as international business as it relates to a particular region of the world.
What’s Out There? Career Choices in International Business
Now that you’ve completed your degree, you’re ready to begin your job search. With the right qualifications, students may find myriad opportunities with an international business degree, especially at the graduate level or higher, where more opportunities exist. For example, with a master’s degree in international business, you may find opportunities in:
- Business Development
- Foreign Policy
- Trade and Customs
To be sure, a M.I.B. is most often required if you decide to pursue a management position.
Students with Certifications
For students seeking opportunities with a graduate certificate, keep in mind that employers may prefer to hire candidates with an international business degree as their specialty. But you can also focus your specialty, as many certificate programs are available for such specialties as business administration, finance, marketing, accounting, and more.
Graduate certificates may be a way to help you jumpstart your international business career.
International Business Salaries
For those with a graduate degree or more in international business, you may find employment opportunities in a number of different positions.
According to the Bureau of Labor Statistics, more than half of all employers are looking to hire a professional with a graduate degree or more.
Below are a few examples of median annual salaries:
- Management Analyst – $87,660
- Marketing Manager – $133,460
- Chief Executive – $185,950
- Human Resources Manager – $121,220
- Financial Analyst – $83,660
- Economist – $108,350
Now you’re equipped with the information you need to start your search for a graduate program in international business. The academic path you choose may depend largely on what you plan to do after you complete your degree. To a certain extent, you want to not only prepare yourself with an education but also the ‘right’ education for the type of career you want to lead.
Don’t be shy, reaching out to more than one international business school may increase your chances of achieving your goal. Just click request info, fill out the for, and be sure you understand the ins and outs of each program.
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GradSchools.com Offers 3 Graduates Schools with International Business Programs in Chicago
Purdue University Global
Liberty University Online
University of Chicago