In the world of business, one of the most valued and respected degrees is the MBA, or master of business administration. Most students who earn their MBAs choose a particular area of business in which to specialize so that after graduation they are prepare for a certain career path. The international master of business administration, or IMBA, is a very popular area of specialization within the realm of business. If you’re interested in pursuing this degree, consider some of the ways to begin your career after graduation.
Continue reading to take a look at typical kinds of international business careers, get a general idea about the average salary you can expect, what it takes to succeed in the field, types of work environments are standard in the industry and what the job outlook for the industry looks like for the future.
Exploring Careers With an International Master of Business Administration
After completing an undergraduate degree and earning an international master of business administration degree, graduates will be able to pursue a wide range of different careers. Many graduates will take on consulting jobs, allowing them to travel the globe to advise companies on how to break into international markets to capture a share of the market in an emerging nation.
Other graduates with an IMBA will take their skills and work closer to home, helping a domestic company succeed on a global scale. Some of these positions include positions such as cost estimator, management analyst, industrial production manager, distribution manager or administrative services manager.
The objective of the IMBA degree is often to secure a managerial position. This type of career involves overseeing other staff, monitoring an entire department or taking a leadership role in logistics, transport or distribution. Lots of paperwork is a given, and frequent meetings with liaisons across departments are par for the course.
Typical Salaries for IMBA Graduates
While there are several great reasons to pursue an international master of business administration, there is no denying that financial security is often at the top of a student’s list. That’s because this particular degree can pave the way toward a lucrative career in business.
An average management analyst, for example, earns over $80,000 per year when he or she holds a bachelor’s degree. Add in a master’s and the expected salary will rise.
The typical salary for a transportation or distribution manager in the United States is an impressive $85,000 each year. For those who take on international roles, the pay can be even higher. Many international corporations, for example, pay a salary to expatriate employees as well as cover their living expenses and transportation.
What is Takes to Success in International Business Administration
Earning the degree is just one of the many elements required to be successful in the field of international business administration. Work experience in the business world is invaluable, and it can showcase your ability to put theories into practice and understand the job of an entry-level employee.
You should also be highly detail-oriented, as the job often requires someone to stay organized even with mountains of paperwork or data. Finally, you should be willing to work hard and potentially deal with long shifts or extensive travel, as this is often a key component of international business administration and management. Speaking a second language is also a great skill to have in this field.
Job Outlook for International Business Administration Careers
Just a few decades ago, many businesses operated only within a single country, and truly international corporations existed in far smaller numbers than they do today. Today, however, many businesses in all industries want to operate on a global scale.
In order to do so, they need to hire experts with credentials like those you can attain with an international master of business administration. This means that the demand for professionals in the field is predicted to grow. Management analysts, for instance, can expect to see an increase in hiring demand of 14 percent over the next decade.
Typical Work Environments
The typical work environment for a professional in international business administration is an office, but the setting can be anywhere around the world. Traditional office hours might be the start, but long hours or late-night international phone calls should be expected. Professionals often work for private corporations, but some may work for government agencies of all types.
When you’re ready to begin your search for the right college or university offering the type of MBA you want to earn to further your career, explore our directory of accredited online colleges.