International Commerce: Jobs, Courses, Salary

International Commerce or International Business is a comprehensive academic discipline that deals with studying the business environment, marketing techniques, and trade relations at the global level. Several universities and colleges across the globe offer this subject at different levels of higher education- undergraduate and graduate. Individuals with an interest in finance and marketing can opt for this course to gain employment in multiple industries. After graduating with a bachelor’s or master’s degree in this academic field, graduates can also opt for doctoral courses in various domains of marketing and management. 

Why Study International Commerce?

Pursuing an undergraduate or graduate degree in International Business/Commerce helps students learn about the foundations of business and marketing.

• Students of these courses are exposed to the international business environment, so they can identify different growth opportunities in marketing and business at the global level.
• Additionally, the skills acquired during the course tenure empower students to challenge themselves in the global business environment.
• Enrolment in these courses also enables students to make decisions in challenging situations like international trade and market operations. 

International Commerce Abroad

Some of the top universities in the USA, the UK, Germany, Australia, and Canada offer Bachelor of Arts (BA), Bachelor of Business Administration (BBA), Bachelor of Science in Business Administration (BSBA), Bachelor of Commerce (BCom), Bachelor of Engineering (BEng), and Master of Business Administration (MBA) in International Commerce. These courses are available for international students. 

USA

The following table enlists the universities in the USA that provide undergraduate and postgraduate programmes in this academic discipline to international students:

Universities	Courses	Annual Tuition Fee	QS World University Rankings 2024
Lincoln University	BA in Business Administration: International Business	INR 12,54,038	–
University of Wisconsin	BBA in International Business	INR 13,86,042	–
Central Michigan University	BSBA in International Business	INR 15,62,267	1201-1400
California State University	MBA International Business	INR 18 lakh	1401+
Yale University	MBA International Business	INR 62 lakh	16

Must Read: Best Business Schools in Dubai

Canada

Students aspiring to pursue a career in International Business can apply to the following Canadian universities:

Universities	Courses	Annual Tuition Fee	QS World University Rankings 2024
Humber College Institute of Technology and Advanced Learning	BCom in International Business	INR 10,73,110	–
Lakehead University	BCom in International Business	INR 18,04,577	–
University of Windsor	BCom (Hons.) Business Administration: International Business	INR 22,06,504	641-650
University of Regina	MBA International Business	INR 11 lakh	1001-1200
York University	MBA International Business	INR 32 lakh	353

UK

The table below consists of some of the top universities in the UK and courses for international students:

Universities	Courses	Annual Tuition Fee	QS World University Rankings 2024
Keele University	Dual BA (Hons.) International Business & Marketing	INR 18,95,238	781-790
The University of Birmingham	BSc International Business; MBA International Business	INR 21,29,863; INR 18 lakh	84
Regent’s University London	BA (Hons.) International Business	INR 21,05,774	–
University of Greenwich	MBA International Business	INR 18 lakh	671-680
Coventry University	MBA International Business	INR 20 lakh	=571

Australia

Students with an interest in International Commerce can opt for these Australian universities:

Universities	Courses	Annual Tuition Fee	QS World University Rankings 2024
RMIT University	BEng International Business; BBus International Business	INR 22,66,151; INR 19,01,672	140
AIBI	Bachelor’s in International Business	INR 11,92,185	–
Curtin University	MBA International Business	INR 23 lakh	183
The University of Newcastle	MBA International Business	INR 20 lakh	=173
Edith Cowan University	MBA International Business	INR 19 lakh	529

Germany

Here is a list of German universities that offer undergraduate and MBA courses in International Business:

Universities	Courses	Annual Tuition Fee	QS World University Rankings 2024
University of Applied Management Studies	BA Management in International Business	INR 6,24,416	–
Munich Business School	BA International Busines	INR 10,70,122	–
EU Business School Munich	BA International Business: Business Administration	INR 11,90,665	–
Hochschule Furtwangen University	MBA International Business	INR 7 lakh	–
Anhalt University of Applied Sciences	MBA International Business	INR 1 lakh	–

Also Read: MPhil in Business Administration

Course Subjects

An International Commerce degree, both undergraduate and postgraduate, contains a blend of theoretical principles and practical abilities needed to establish a prosperous career in international businesses. These courses often cover the following topics:

• Business Research Methods
• Business Economics
• Corporate Ethics and Governance
• Entrepreneurship
• Human Resource Management
• Business Statistics
• Fundamentals of International Management
• Leadership Development
• International Trade Logistics
• International Marketing Management
• Financial Management
• International Economics
• Strategy in Emerging Markets
• Legal Aspects of Business
• Macro Economics
• Indian, Global Trade and WTO
• Management Accounting
• Business Mathematics
• Economic Environment
• Accounting
• Micro Economics
• Fundamentals of Marketing
• Principles of Marketing
• Behavioural Science
• International Institutions and Trade Implications 

Skills Required

International business is a career that necessitates extensive communication with international clientele, proposing commercial solutions, and living abroad. A career this demanding necessitates a certain level of proficiency in International Business-related skills. Among these abilities are:

• Cross-cultural communication skills
• Networking abilities
• Collaboration and Teamwork
• Adaptive Thinking
• Critical Thinking Skills
• Emotional Intelligence
• Interpersonal Skills

Eligibility Criteria

Students aspiring to pursue International Commerce courses from foreign universities need to meet the eligibility criteria as prescribed by the universities. Candidates must possess the minimum educational qualification and scorecards of accepted English language proficiency tests. Aspirants must secure the minimum band or score for the proficiency tests, as determined by universities of interest.

Mentioned below are the bare minimum requirements for admission to Bachelor and MBA courses in International Commerce:

Bachelor’s Programmes

Students aspiring to pursue a bachelor’s degree in International Business/Commerce must meet the following admission requirements:

• The candidate must have completed 10+2 from a recognised college/school/academic institute.
• The student must have secured a minimum of 50% in the senior secondary-level examination.
• The applicant must appear for the English language proficiency test whichever is accepted by the university of interest.
• The aspirant must have a valid passport.

MBA programmes

Candidates opting for MBA in International Commerce or International Business need to adhere to these eligibility criteria:

• The aspirant must have completed Class 12 with at least 50% marks.
• The candidate should score the minimum required score in the PTE academic/IELTS/TOEFL test.
• The applicant must have work experience. 
• The candidate must possess a valid passport.

Admission Process

Indian students aspiring to be admitted to undergraduate and postgraduate programmes in this academic discipline are advised to visit the official websites of the universities to access the application forms and brochures. Or you can ease your application process by reaching out to Leverage Edu experts.

We will guide you through the entire admissions process by offering help in the following stages:

• Course and university selection through our Artificial Intelligence (AI)-enabled tool AI University Course Finder.
• Fill out the application form.
• Assembling of requisite documents like Letters of Recommendation (LORs), Statements of Purpose (SOPs), Essays/Writing Samples/Portfolio, English language proficiency tests’ scorecards, etc.
• Uploading required documents.
• The application process for a visa, accommodation, scholarships, and education loans.

Now the time has come for you to wait for the conditional offer letter/unconditional offer letter/admit letter/invitation letter from the respective university. This process takes nearly 4 to 6 weeks. 

Documents Required

Mentioned below is a list of mandatory documents that a student needs to produce during the admission process:

• Mark sheets/academic transcripts
• Diplomas, if any
• Passport
• Student Visa
• Work experience certificate
• LORs
• SOPs
• Essays/Writing Samples, if asked for
• Proof of Financial Support
• English Language Proficiency Test Scorecard

Also Read: Job Opportunities after MBA in Marketing

Career Scope

The U.S. Bureau of Labour Statistics (BLS) forecasts a 19%, or substantially faster-than-average, increase in employment for management analysts nationally from 2012 to 2022. Increased international business was projected to boost job development in this highly competitive area; applicants who are proficient in another language and have a graduate certificate or degree may have the best possibilities. Sales and public relations experience may also be advantageous.

The BLS also predicted a 46% increase in jobs for interpreters and translators, which is substantially quicker than the national average. Candidates with a bachelor’s or master’s degree and an industry certification may stand out during the hiring process, though opportunities will differ depending on language speciality.

Jobs and Salary

Pursuing a degree in International Commerce enables graduates to gain employment in different roles in corporations across the globe. Some of the most lucrative job opportunities after International Business courses are displayed in the table below:

Job Titles	Average Annual Salary (Freshers)	Skills Required
Global Business Manager	INR 10.50 lakh	Marketing; Financial Management; Communication; Time Management
International Finance Manager	INR 9.50 lakh	Leadership; Data Analysis; Mathematical; Policy Implementation
International Business Consultant	INR 7.50 lakh	Teamwork; Analytical; Interpersonal; Attention to detail
Business Development Manager	INR 5.63 lakh	Interpersonal; Organisational skills; Interpersonal; Technical skills
International Marketing Manager	INR 4.5 lakh	Marketing; Communication; Time Management

FAQs

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