International trade and finance are no longer bound by the borders of a nation. It has expanded into multiple markets, industrialized and emerging. India and China are on the forefront of global business accounting for a significant portion of trade of goods and services. Parallelly with this development has been the rise in the need for quality professionals well-versed with the nuances of International Business Management. This article will provide a detailed explanation of the several rewarding avenues you can choose from to build a career in International Business Management.
While a bachelor’s or master’s gears up individuals for a career in international business management, there has been a steady rise in opportunities of research as well which has attracted a selected crowd of motivated students. During these programs, students can choose from diverse topics of specialisation, for instance, International Finance, Digital Marketing, International Compliance, emerging markets, Energy Management, International Studies, International Project Management, Entrepreneurship, Hotel Management, amongst others.
Also Read: MBA in Project Management
Career in International Business Management: Immense Opportunities
Especially in the past few decades, the scope and penetration of International Business Management programs has led to the sprouting of rewarding opportunities in emerging countries like India, China, Brazil, Bangladesh etc. International business graduates and enthusiasts can choose from a plethora of options traversing interdisciplinary fields of interests of Finance, Marketing, Technology, IT, Human Resource Management etc. Below mentioned are the major sought-after options of building a career in International Business Management.
As companies striving to build a strong online presence, the field of Marketing has potentially emerged as a crucial one. The common tasks of a Marketing Analyst include creating campaigns tailored to market demographics, information dissemination and communication as well as evaluating consumer response and patterns.
International Business Analyst
Particularly concerned with the field of International Business, this job generally requires a few years of experience in other verticals of management such as Finance, Marketing or allied fields.
Amongst the most revered areas to make a career in International Business Management, the field of Management Consultancy is comprises the elitist jobs across all disciplines. Responsibilities include client research, discerning data, evaluating consumer patterns, need-based solutions, company expansion policies, product strategy, amongst others. Major organisations that hire Management Consultants include EY, Boston Consulting Group, Deloitte, etc.
International Finance Analyst
International Finance experts manage an array of activities such as financial reporting, compliance, recording transactions and filing of taxes amongst others. Further, they help in making financial decisions regarding profit and wealth management, dividend sharing etc.
Sales/Business Development Manager
A major cog in company operations, the job of a Sales/Business Development Manager involves frequent engagement with clients and customers, maintaining healthy relationships with them and proper communication with respect to company products/services. They help in exploring new business opportunities, feedback of products along with business to business marketing. Skills include thorough knowledge of products, advanced communication, persuasion, marketing and numerical aptitude amongst others.
A Financial Trader or Broker is a highly qualified professional who is well-versed with stocks, bonds, commodities, trading mechanism and has a deep-rooted knowledge of the movements of the market. Skills include making sense of market deviations, numerical familiarity, risk-reward analysis, financial planning along with strong communication skills.
In large organisations, there is a specific need for compliance-related professionals who possess a deep knowledge of policy regulations and laws. Tasks include conducting risk and compliance assessments, reviewing company performance and publishing the reports in a timely manner. This is usually considered as a senior executive role.
Apart from the above-mentioned profiles, here is a list of several other job opportunities you can discover in the field of International Business Management:
- Policy Analyst
- Public Relations Officer
- Human Resources Professional
International Business Management is offered by several elite institutions in locations such as Australia, Scotland, USA, UK and Canada amongst others. These institutions offer highly ranked and industry-focused courses equip students with the right knowledge and exposure into the field of International Business. Below mentioned are the major universities and institutes providing an array of degree and diploma programs in International Business Management.
- University of Chicago
- New York University
- University of Edinburgh
- University of Melbourne
- Georgia Institute of Technology
- Australian National University
International Business Management with its unmatched growth has experienced a significant amount of enrollment across degree options mainly due to the rewarding career avenues it offers. That being said, it is only through a well-curated approach that one narrows down a suitable course and university let alone apply for it and secure admission. In this stage, the AI-based tool at Leverage Edu helps you in shortlisting the best mix of course and university, so that you can take the essential step towards a career of your dreams.