What Can I Expect from an Online MBA in International Business Program?

An online MBA in international business programs is ideal for those with busy schedules who would still like to further their education. By eliminating the need to commute to campus, online programs provide students more time for work, family, and any other obligations they may have outside school. Remember that the details for an online MBA in international business programs vary depending on your school, so it’s important to research and choose the best one for your current needs and career goals.

Available concentrations

An MBA in international business program often allows you to focus on a particular area of study within this field. Some of the most popular concentration options include:

  • International Business: Classes focus on the opportunities and risks associated with today’s global environment, including studying international business concepts and real-world experiences in various social, political, and economic contexts.
  • International Finance: Coursework exposes students to the challenges of international capital markets. Classes also focus on investments and corporate finance, commercial banking, risk management, and portfolio diversification.
  • International Supply Chain Management: A concentration in supply chain management explores operations from a global perspective. Students gain a deeper understanding of process strategies, logistics, inventory management, and supply chain functions.

Common degree curriculum

While the exact curriculum for an online MBA in international business will vary depending on which school you attend, most of these programs focus on similar topics, such as governmental policies, financial services, cross-cultural management, and unique customs and attitudes. Some examples of standard courses for this degree path include:

  • Financial management policy Focuses on capital markets and corporate finance, emphasizing risk and return, financing policy, and firm valuation.
  • Global accounting and financial analysis: Seeks to inform students about international accounting and financial techniques, covering how different countries, industries, markets, and regulatory regimes affect accounting and finance.
  • Global marketing management: Teaches how cultural and geopolitical issues can affect marketing campaigns.
  • International business: Gives students an understanding of global business trends.
  • International trade law: Covers legislation of international trade, negotiation, imports, exports, and supply chain management.

Certification and license preparation

After earning your MBA in international business, consider continuing your education through professional certification programs. These extra credentials will help you get hired more quickly and advance into higher-paying positions. For example, you can become a Certified Management Consultant by passing written and oral examinations administered by the Institute of Management Consultants.

Program accreditation

Only apply to schools approved by a DOE-recognized regional accrediting organization, such as the New England Commission of Higher Education or Northwest Commission on Colleges and Universities. If your school doesn’t have regional accreditation, you may be unable to access financial aid or transfer credits to another institution if needed.

Also, MBA students should look for programs that have been accredited by one of the following industry groups, which specifically evaluate the quality of business education programs:

Program completion timeframe

Most online MBA in international business programs require about 30 credit hours of coursework, typically taking 18 months to two years to complete.

Students with a non-business background may be required to take additional classes to complete their MBA prerequisites. Also, some schools offer accelerated MBA programs that make it possible to earn the degree in just one year. If you choose to go to school part-time, it can take up to three or more years to complete.

Employment Outlook for MBA in International Business Graduates

Earning an MBA in international business should provide you with strong job security. According to the Bureau of Labor Statistics, the total number of jobs in the United States is projected to increase by 3% over the next decade. Most international business management occupations are expected to grow by at least double that rate.

It’s also worth noting that this is one of the best degrees for those interested in earning a high income. Jobs related to international business management tend to offer six-figure salaries.

Your salary may depend on where you work, though. Areas with a higher cost of living usually offer higher pay. For example, financial managers earn an average salary of $228,160 per year in New York and $131,080 in Iowa — a difference of nearly $100,000.

Job Title Job Description Median Yearly Salary Projected Growth Rate (2022 – 2032)
Advertising, Promotions, and Marketing  Managers An MBA in international business can prepare you to lead promotional campaigns for foreign markets. This role involves collaborating with art directors, sales agents, and financial personnel. $138,730 6%
Financial Managers Manage the exchange of money across countries. You may also be expected to direct investment activities and develop strategies for your employer’s long-term financial health. $139,790 16%
Training and Development Managers Training and development managers assess their employer’s training needs and create procedures for onboarding new employees and improving performance over time. Organizations with a global presence strongly need professionals who know how to develop, implement, and standardize training plans. $120,000 6%

Professional organizations

Joining a professional organization gives members a competitive advantage over other graduates in the same industry. These organizations keep their members up to date on the latest industry trends, including technology and legislative rulings, and provide connections with peers in the business world. Those who hold an MBA in international business should consider joining the following organizations:

  • International Academy of Business and Economics. The IABE is a global organization of students, executives, and policymakers within the international business world. They promote members’ exchange of ideas, leadership methods, and managerial practices.
  • Academy of International Business. Considered the leading association of scholars and specialists in international business, the AIB has over 3,000 members spanning 93 countries worldwide. MBA graduates gain access to print publications, the annual AIB conference, and the online AIB membership directory by becoming a member.
  • International Academy of Business Disciplines. The IABD promotes the acceptance of all cultures, ethnicities, values, and beliefs within the industry. They provide educational opportunities in international business and hold an annual conference where members come together to discuss ideas, network, and share knowledge of the business world.

Financing Your Online MBA in International Business Degree

Online degrees often cost a fraction of on-campus degrees, especially for those who choose a college in another state. But, even online students often need financial assistance to help pay for their education. You should begin your search with the Free Application for Federal Student Aid (FAFSA), which provides information on grants, loans, and scholarships available through the federal government. Many private organizations also offer scholarship programs for those seeking an online MBA in international business degree.

Student Finance Resources and Guides

With so many financing options available, figuring out what you should do next can be difficult after submitting your FAFSA. The resources listed below will help you make sense of your financial aid situation and save as much money as possible.

Online Master’s Degree Scholarship Database

Intelligent Scholarship Finder Tool

loader
Filters
Showing 1 through 10 of 774 Scholarships

"A Helping Hand" Scholarship

Award Amount: $500

Due Date: January 31, 2023

Apply Now
More Details

"Follow Your Own Path" Essay Scholarship

Award Amount: $500

Due Date: January 31, 2023

Apply Now
More Details

"Tuition Solution" Scholarship for STEM Students

Award Amount: $500

Due Date: January 31, 2023

Apply Now
More Details

$25k "Be Bold" No-Essay Scholarship

Award Amount: $25,000

Due Date: November 30, 2022

Apply Now
More Details

(ISC)² Graduate Cybersecurity Scholarship

Award Amount: $5,000

Due Date: March 6, 2023

Apply Now
More Details

(ISC)² Women in Information Security Scholarship

Award Amount: $5,000

Due Date: February 28, 2023

Apply Now
More Details

A.C. "Kate" & Leo Joseph Merlone St. Dominic Catholic Church of Saginaw Member Scholarship

Award Amount: Varies

Due Date: February 15, 2023

Apply Now
More Details

A.C. "Kate" & Leo Joseph Merlone Teaching Scholarship

Award Amount: Varies

Due Date: February 15, 2023

Apply Now
More Details

a/e ProNet David W. Lakamp Scholarship

Award Amount: $5,000

Due Date: January 31, 2023

Apply Now
More Details

AAAE Native American Scholarship

Award Amount: $1,500

Due Date: February 27, 2023

Apply Now
More Details

Interested in a degree?

Learn more about online degrees, their start dates, transferring credits, availability of financial aid, and more by contacting the universities below.