International Marketing: Courses, Universities & Scope

7 minute read
International Marketing

Marketing has long been a backbone of modern industries and it plays an imperative role in informing people about an organization’s product offerings, and its working philosophy as well as building a reputation in the market. However, international marketing further extends this by inculcating the feeling of ‘brand’, marketing collaborations with other brands and stars and building an everlasting presence throughout the world. Companies like Mercedes Benz, Tata, Amul, and Goldman Sachs have managed to do so in the past decade for their respective products across the Indian market and abroad. So, if you are wondering what is the meaning of international marketing then it simply means to promote the business in scores of countries through e-commerce marketing, digital and service marketing, and advertising, among others. This has led to the birth of innumerable career opportunities of which here we mention a few top ones.

Also Read: About Marketing Management

Careers in International Marketing

There are multiple career options available in International Marketing. The most sought-after career options are listed below:

Marketing Researcher

The current industry works on the principle of constant innovation and experimentation and this is precisely the job of a marketing researcher. Be it offline or online international marketing campaigns, projecting the product/service/strong points of the company in a new light positively impacts the reach and traction gained by the company throughout the global community. Primary job responsibilities include diving deep into modifications of the current marketing strategy, shaping future marketing plans, developing, designing and running campaigns, etc. Further, as you go up the ladder, you can also shift towards senior-level roles in management. You can also go for a Master’s in Marketing Management for brighter career options.

International Brand Manager

Brand management is a quite broader term that involves international marketing efforts, brand marketing campaigns, customer satisfaction, etc with the aim of promoting the company’s offerings in the global community and in turn, building a brand. Moreover, it is closely related to other departments of sales, product development, distribution and so forth. In particular, an international brand manager ensures the creation and shaping of the organization’s brand through a long-term strategy that also involves short-term targets. You can pursue a career in this field by enrolling in one of the Brand Management courses

Non-Profit Marketing Manager

The need for marketing and communications is not limited to big corporations but also extends to organizations that work for in areas of benefits or for causes, be it social, environmental or political. This includes charities, non-governmental institutions, societies, trusts, religious or theological organizations, animal safety, environmental protection, health awareness organizations and so forth. A marketing manager’s job in such settings tilts towards disseminating information related to the institute’s works, building contacts with existing and prospective funders, liaising with government officials and being in close touch with individuals within as well as outside the organization. As the job also requires a certain level of outreach within the community, one can also be tasked with community events of engagement, fund-raising initiatives, training, coaching, etc.

Retail Manager

Especially for companies that deal in physical products and goods, international marketing and retailing is a demanding yet exciting responsibility. It involves bringing the product offerings into the market and into all big and small stores across cities. As a retail manager, your primary tasks may include liaising with store and chain managers, managing the demand and supply of existing and new products, getting feedback from retailers and customers and relaying it to senior management, among others. Furthermore, it also requires frequent travel to ground locations and constant evaluation of the performance of the company in local markets. You can, later on, combine an MBA in Retail Management to gain entry into top executive roles

Marketing Management Analyst

This is an entry to a mid-level job that involves performing core research and analysis in order to increase the productivity of international marketing campaigns and turn them effectively into positive results for the company. Further, one also needs to be in close contact with the board to improve performance and regularly evaluate and design new marketing programs. Entering into new markets presents a different set of problems that are tackled by such professionals. Analyzing company data, marketing sense, and branding projection, among others, can also be some of the tasks of the marketing management analyst.

Must Read: Google Digital Marketing Courses

Other Options

In addition to the above, there are numerous other career pathways in the field of international marketing that offer exciting learning, growth, and prospects.

Must Read: MBA in Marketing

What is International Marketing?

International Marketing is the application of marketing principles to satisfy the varied needs and wants of different people residing across national borders. It is also referred to as Global Marketing, Global Strategy of Worldwide Marketing.

It is a process of understanding the culture, traditions, values and expectations of different target customers and tailoring the products/services to meet their needs for better market penetration and selling.

International marketing refers to activities that foreign organizations undertake in other countries in order to promote their products, services or brands.

Types of International Marketing

International companies that want to sell their products or services in a new country typically begin with export or licencing. Contract manufacturing, joint venture, and foreign direct investment are some other types of international marketing (FID).

  • Exporting – The practice of shipping goods directly to a foreign country is referred to as exporting. Manufacturers seeking to expand their operations into new markets frequently consider exporting first. That is not surprising.
  • Licensing – A licencing agreement is one in which a company, known as the licensor, grants a foreign company the right to use its intellectual property. It is usually for a set period of time, and the licensor is compensated with royalties.
  • Franchising- Like licencing, entails a parent company granting a foreign firm the right to conduct business in its name. Franchises, on the other hand, are usually required to adhere to stricter operating guidelines than licencing.
  • A joint venture is defined as the collaborative effort of two businesses from different countries for mutual benefit. It is the joint participation of two or more companies in a venture in which each company: Contributes property, To some extent, owns the entity and Shares are at risk.
  • Foreign Direct Investment (FID)- In FID, a company establishes a fixed asset in another country to manufacture a product. Unlike joint ventures, the foreign company owns the subsidiary entirely. As a result, it gains effective control or significant influence over the decision-making process.

International Marketing: Top Courses & Universities

Owing to the intensive yet broad nature of the discipline of international marketing, a considerable number of individuals choose to pursue a full-fledged degree program such as an MBA in International Marketing or even a Master’s in Marketing. Alternatively, one can also work in the industry at an entry or mid-level job and then, later on, pursue an Executive MBA program. Further, there are several other options in terms of courses, for instance, dual degrees. In order to apply, you may be required to possess a prior qualification in a relevant discipline as well as submit GRE/GMAT and IELTS/TOEFL scores, SOP, LOR, transcripts, etc. Here are a few universities offering courses in and around international marketing that you may consider exploring:  

University Location THE World University Rankings 2021 Courses
King’s College,
London
UK 35th MSc International Marketing
University of
Manchester
UK 51st MSc International Fashion Marketing

MSc International Fashion Retailing
[Multichannel Marketing]

Boston University USA 54th MSc in Global Marketing Management

Graduate Certificate in Global Marketing
Management [Online]

University of
Groningen
The Netherlands 80th MA/MSc in International Business and Management: DDM – Advanced
International Business Management
and Marketing
Lund University Sweden 103th Master’s in International Marketing
and Brand Management
Maastricht University The Netherlands 121st MSc in International Business
[Specialization in Strategic Marketing]
Arizona State
University
USA 184th Graduate Certificate in Global Marketing
Macquarie University Australia 195th Master of International Business
and Master of Marketing (2 years)

Master of International Relations
and Master of Marketing (2 years)

Griffith University Australia 201-250 Master of Marketing/Master of
International Business

Master of Marketing/Master of
International Tourism and
Hospitality Management

Hong Kong
Baptist University
Hong Kong 350-400 Master of Science (MSc) in
Entrepreneurship and Global
Marketing

Master of Science (MSc) in
Global Marketing Management

Lincoln
University
New Zealand 601-800 Master of Business
(Global Management and Marketing)

Jobs and Salaries

Knowing the salaries of various roles can help you decide whether to pursue a career in international marketing. Here are some examples of international marketing jobs and their annual salaries in the United States. These figures reflect base pay before any bonuses or profit-sharing arrangements.

Job Profiles Average Salary
International marketing coordinator $52,284 (INR 43.29 Lakh)
International marketing analyst $60,179 (INR 49.82 Lakh)
International marketing consultant $64,053 (INR 53.03 Lakh)
International marketing director $105,053 (INR 86.98 Lakh)
Global brand manager $118,716 (INR 98.29 Lakh)

Must Read: Marketing Consultant: Courses & Career Pathways

FAQs

What do you mean by international marketing?

International marketing is the promotion of goods or services to people outside of your brand’s domestic market. Consider it a form of international trade. Brands can increase brand awareness, develop a global audience, and, of course, grow their business by expanding into foreign territories.

Why is international marketing important?

International marketing facilitates social and cultural exchange between countries around the world. Along with the goods, current trends and fashion from one country are passed on to another, fostering cultural relations between nations. Thus, global cultural integration is achieved.

What is the scope of international marketing?

International marketing entails primarily the export of goods and services to foreign markets. Aside from exporting goods and services, the exporter engages in a variety of activities.

Pursuing any of the above courses can gear you up for countless solid professions in both the corporate as well as academic fields. Needless to say, the application process can be a demanding job. Here, a little bit of guidance goes a long way! Take assistance from the experts at Leverage Edu in a FREE 30 minutes career counselling session and make an informed decision towards a rewarding career! 

Leave a Reply

Required fields are marked *

*

*

15,000+ students realised their study abroad dream with us. Take the first step today. Marketing
Talk to an expert