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Students who wish to increase their understanding of global markets and various regions of the world should strongly consider studying international business. The world's economy is increasingly global. Studying international business will provide you with insights into the global economic and business climates. Additionally, many institutions strongly advise (or require) students who major or minor in international business to study a foreign language and/or to complete an overseas study or internship experience. Taken together, such a course of study can be particularly beneficial for students who hope to one day work abroad.
Studying international business can prepare students for positions across the public, private, and non-profit sectors, for example in business, government, and international agencies. Students might expect their day-to-day work to revolve around international trade, global business operations and planning, or industrial development, for example. Additionally, international business studies can be greatly beneficial for students who plan to pursue graduate studies in areas such as law or public policy where a robust knowledge of international business can be helpful.
In sum, the world’s economy is increasingly global. As a result, demand continues to grow for individuals who understand the global context of business: from the logistics of international trade and cross-border investments to the cultural and ethical issues that are imbued in the practice of business around the world. By studying international business, you will learn about world cultures and societies, and be challenged to approach issues from different perspectives. These skills are increasingly valuable to employers faced with the challenge of opening and integrating multiple markets and achieving cohesion and collegiality in increasingly diverse work forces.
Career prospects:
You can expect to find employment in government, private corporations, import and export businesses, trade, tourism, and foreign affairs. Job opportunities can be found in many areas, including:
- Business consultancy
- Diplomatic & foreign affairs
- Logistics & transportation
- Import & exports
- International business development
- International trade relations
- International marketing
- Operations management
- Project coordination
- Research
- Sales & buying
- Tourism & travel.
Sources: RMIT Vietnam (2018) and GlobalEdge (2018)
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