Are you interested in a rewarding career as an international business professional? Are you an ambitious learner looking to develop a versatile skill set to suit the needs of today's global markets? If so, an online MBA international business might just be the degree for you. According to the U.S. Bureau of Labor Statistics' 2016-17 Occupational Outlook Handbook, projected employment growth for management analysts is 14% from 2014 to 2024, which is much faster than the average for all occupations. Completing an MBA international business online program can boost your earning potential, equip you with a multicultural perspective on business management, and open doors to exciting opportunities to travel abroad for business.
Choosing a Program
WILL THIS PROGRAM PROVIDE ME WITH THE SKILLS I NEED TO ADVANCE MY CAREER?
A good online master's in international business can equip you with in-demand professional skills, including culturally sensitive management and negotiation skills and expanded critical thinking skills. The master's level places a heightened emphasis on analytics, preparing you to integrate strategic planning with supply chain management and finance. Students learn how to navigate complex organizations from a global perspective, imparting a solid foundation for business leadership.
DO I NEED PREVIOUS WORK EXPERIENCE TO GET IN?
Most quality MBA programs in international business require incoming students to have at least two years of professional work experience in their field before they can enroll. However, previous work experience is not always a prerequisite for admission. Some schools accept GMAT or GRE scores from students with no previous work experience.
CAN I WORK WHILE I COMPLETE MY ONLINE MBA IN INTERNATIONAL BUSINESS?
Online business schools recognize that the majority of their students have work and family obligations, and some programs only admit full-time working professionals. While it typically takes three years or more to complete the MBA if you are studying part-time, your professional experience is as important as your education in preparing you for career advancement. (You're also likely to develop good time management skills, something employers always appreciate.)
WHAT ARE THE ADVANTAGES TO EARNING MY MBA IN INTERNATIONAL BUSINESS ONLINE?
A major benefit of online MBA programs is their flexibility. The majority of courses in online MBA programs are offered asynchronously. You can access them anytime, with no need to commute to classes. Since most programs offer options for part-time study or accelerated attendance, you can set a pace that fits your needs and goals. Studying with classmates, who may be located all over the globe, can make your studies more interesting, and even more valuable from a cross-cultural perspective.
Accredited Online MBA Programs in International Business
|1||University of Florida Gainesville, FL||Cost: $$$$$||Enrolled Online: 43%||
Upon its introduction, the University of Florida's MBA in international business was one of the first accredited-degree programs of its kind. Today students enrolled in the program choose from two program structures--a 27-month program, recommended for those with more than seven years of professional experience, or a 16-month program, ideal for individuals who graduated within the last seven years. Both programs require that students have a minimum of two years of professional experience. In addition to a required and new on-campus orientation, students have the option of returning to campus every four months for a weekend residency.
Capped at 65 students, online classes are often filled with students from all over the world. UF's extended two-year option allows students to begin taking specialized electives in international business in their sixth term of study. Students have the option of completing each of four electives as one-week residencies on-campus instead of over four months online. Students also have the option of participating in a global study abroad trip. Asynchronous coursework can be accessed on almost any mobile device.
|2||University of Illinois Champaign, IL||Cost: $$$$$||Enrolled Online: 18%||
The University of Illinois’ online MBA in international business graduates join one of the largest alumni networks of over 425,000 graduates worldwide. Students can sign up to take an MBA-level or a non-credit course at anytime, both of which count towards earning the full MBA at a future date. This competitively-priced iMBA program is offered online in partnership with Courser, and features content structured in "specialization" packages. The program's curriculum consists of six total specializations and an experiential learning capstone opportunity. The program's global challenges in business concentration includes electives in global business perspectives, strategy, and ethical considerations. Students can take the self-paced courses from anywhere in the world and complete all requirements in 23 to 36 months. No on-campus residency is required.
UI's iMBA program currently supports students from 17 countries and 17 states in the U.S. Applications are accepted on a rolling basis, although cohort selection each fall semester is competitive. Students are expected to have a minimum of three years professional experience in an operational or manager-level role before applying.
|3||The University of Texas at Dallas Richardson, TX||Cost: $$$$$||Enrolled Online: 18%||
The University of Texas at Dallas’s online master's in international business is a multidisciplinary, professional program (PMBA) that incorporates global perspectives and policies across content, with course topics in finance, management, marketing, and more. Students study multiple regions around the world, from Latin America to Asia. While the school's PMBA is offered online, not all MBA courses are offered each semester and some courses may only be available on campus. MBA in international management students can also choose the PMBA flex option, which offers the opportunity to take a mix of on-campus and online courses. Most students in the flex and online programs work full time and take an average of two courses each semester. On-campus courses are usually offered in the evening to accommodate non-traditional adult students. Two executive study trips allow students to travel abroad and learn in local universities, visit seminal business centers, and experience local culture. Both the flex and online MBA programs offer fall, spring, or summer start dates.
|4||Lehigh University Bethlehem, PA||Cost: $$$$$||Enrolled Online: 18%||
Lehigh University’s Flex MBA in international business program offers professional students the opportunity to take both online and/or evening on-campus courses. This part-time, AACSB-accredited program prepares burgeoning leaders for a variety of jobs in international business. Lehigh graduates are equipped with excellent communication skills and the ability to apply ethical, social, and economic considerations when making key domestic and international business decisions. Lehigh offers multiple virtual information sessions throughout the year for its three program start dates in the fall, spring, and summer. Online courses may be asynchronous or live, depending on student preference. Program completion dates range from two to six years, depending on student availability. International business electives focus on issues specific to international companies and include courses in risk and financial management, legal considerations, and marketing according to region and population. Optional global immersion experiences allow students the chance to study various business concepts, from developing economies in Argentina and Chile to European business practices in France.
|5||Webster University Saint Louis, MO||Cost: $$$$$||Enrolled Online: 45%||
Webster University’s 49-credit MBA in international business program, accredited by the Accreditation Council for Business Schools and Programs (ACBSP), provides a foundation in business theories and applications, and prepares students to make informed decisions based on approaching business as a holistic, integrated system. A final capstone project challenges students to apply learned knowledge and skills toward solving an extant problem in the international business arena. Curriculum for Webster's online master's in international business requires students to choose either a study-abroad or hybrid experiential learning opportunity.
Major course topics provide an extensive education in international global affairs, including cross-cultural management, international political economy, and global supply chain management. Online students pay the same online tuition rate, regardless of location, and active-duty military members receive an additional 40% tuition reduction per credit. Some business prerequisite coursework is required before students begin their MBA program-- students who have taken equivalent courses within the past five years and received a grade of B or better may apply for a waiver for this requirement.
|6||Brandman University Irvine, CA||Cost: $$$$$||Enrolled Online: 72%||
Brandman University’s MBA in international business is the ideal program for students looking to gain a well-rounded, global perspective in all aspects of business operations and management. Curriculum covers broad and fundamental business content, from accounting to human resources to management, and allows students to explore the technical and cultural differences and similarities from one region’s market and economy to the next. In addition to a full-time online program, students can choose a blended program format and attend some on-campus courses at Brandman’s campus locations throughout California.
Brandman's MBA program opens up a diverse set of job opportunities in international business, such as international management analysis and consulting, foreign policy direction, and management of international chains and corporations. Brandman is also a military-friendly university, and was originally founded to serve the needs of active duty military at California’s El Toro Marine Corps Air Station. Military service members and veterans enjoy a range of resources and benefits, including the option to earn up to 46 credits for military experience and one-on-one academic coaching.
|7||American University Washington, DC||Cost: $$$$$||Enrolled Online: 20%||
American University's MBA in international business program, delivered through its Kogod School of Business, is designed for professionals looking to advance to a management or executive-level role. Students who choose the program's international business concentration become part of a global network of peers and business leaders, and learn how to lead a global project, department, or organization through courses like intercultural communication and global health politics.
Experiential learning is a major component of American University's online master's in international business program, and students are required to participate in two global immersion sessions during their program. Experiential courses take place in business capitals around the world, and one of the two aforementioned immersion experiences is held at American University’s Washington, D.C. campus. Other immersion experiences have included New York City, Brussels, and Mexico City. Locations are updated annually.
|8||Nova Southeastern University Fort Lauderdale, FL||Cost: $$$$$||Enrolled Online: 51%||
The MBA in International Business from Nova’s Huizenga College of Business prepares students to become leaders in managing business across borders, with a foundation in regional and global government and economic policies. All students complete an MBA internship as part of their curriculum requirements. Courses may be completed online, though students also have the option of attending evening classes on-campus. In addition to its main Fort Lauderdale location, Nova’s business school maintains campus locations throughout the U.S.
Full-time students can complete the 39-credit online master's in international business program in as few as 21 months. Five start dates throughout the year offer maximum flexibility for students with unpredictable or busy schedules. Students may transfer up to six credits of previous graduate-level work towards program requirements. An optional international field seminar allows students the opportunity to study emerging markets at a partner university or complete an internship with an international company.
|9||Golden Gate University - San Francisco San Francisco, CA||Cost: $$$$$||Enrolled Online: 51%||
Golden Gate University in San Francisco offers an online MBA with a concentration in international business. Through an activity-based approach to learning, GGU's MBA focuses on the business knowledge and leadership skills needed for success in a global market. Students can take classes fully online or in a hybrid format. Graduates of the program learn to achieve business objectives in a competitive industry environment.
GGU offers 14 concentrations, or students can choose to customize their own course of study. The international business concentration consists of 12 credits covering subjects such as international corporate finance, international marketing, and global supply chain management. This program as a whole consists of 54 total units.
Applicants with five or more years of professional experience may apply to this GGU's MBA program without GMAT or GRE scores. To apply, students must have earned an undergraduate degree from an accredited institution.
|10||Liberty University Lynchburg, VA||Cost: $$$$$||Enrolled Online: 96%||
Liberty University’s MBA in international business online program emphasizes group collaboration and application of high ethical standards to business decisions. All full-time students receive a competitive per-credit tuition rate and may be eligible to transfer up to 15 graduate-level credits toward Liberty’s MBA program requirements. Liberty's MBA opens doors to a variety of jobs for international business majors in areas like global exports and imports, international ministry, global business management, and many other fields. Students complete 45 core and elective courses in topics like global market development and organizational design and structure. Asynchronous online courses are accessed through the Blackboard LMS, and all students have access to free online tutoring and an online writing center. Applicants must have an accredited bachelor’s degree with a minimum 3.0 cumulative GPA for acceptance into Liberty’s MBA program.
|11||University of Dallas Irving, TX||Cost: $$$$$||Enrolled Online: 100%||
About 85% of students enrolled in the University of Dallas’s MBA in global business program work full time. As a result, UD offers an experience-based curriculum that allows students to immediately apply lessons learned in the classroom to their current professions. The 30-credit program is offered 100% online and features 10 core courses and four global business electives. The online MBA in international business curriculum covers international and domestic financial markets, global marketing approaches, laws and considerations of global imports and exports, and more. As part of UD's core curriculum, students complete a capstone project that involves collaboration with a real company and students present an innovative solution in the form of a final report or presentation. A required global immersion experience also provides an opportunity for global business students to travel and interact with business leaders and organizations in a foreign country. Minimum admission requirements to UD’s program include an accredited undergraduate degree with a minimum cumulative GPA of 2.0.
|12||Dallas Baptist University Dallas, TX||Cost: $$$$$||Enrolled Online: 43%||
Dallas Baptist University's 36-hour online master's in international business program includes a blend of foundational and major-specific coursework. Unique, first-year business topics include a field-based course in creative problem solving for marketing, as well as quantitative analysis for managers. Core curriculum also covers business strategy, ethics, and finance. A final capstone project in strategic management allows students to integrate core business concepts into an actionable business solution in their area of interest.
DBU's MBA in international business concentration covers international marketing, finance, management, and legal policies and issues. DBA’s curriculum is rooted in a Christian perspective, and professors encourage students to think about subject matter in the context of their faith. DBU has offered online classes since 1998 and has crafted an MBA program available 100% online, though students also have the option of attending short on-campus residencies in order to connect with peers and faculty.
|13||Missouri State University Springfield, MO||Cost: $$$$$||Enrolled Online: 44%||
Missouri State in Springfield offers an online MBA that can be completed entirely online, and approximately 25% of all students at MSU are distance learners. The program requires the completion of 33 credits, 24 of which are core classes and nine of which are elective/certificate credits. Most students choose to complete a COB graduate certificate in tandem with their MBA at no extra cost. MSU offers COB certificates in a variety of subjects, including international business. A maximum of six hours of 600-level coursework may be applied toward the MBA program.
Core classes include accounting concepts for managers, fundamentals of economics, and managerial finance. All foundation courses are available only once per year for distance learners. Students must also complete a thesis based on research in a relevant business environment.
Applications are accepted on a rolling basis, though candidates should apply as early as possible as admissions are selective. To apply, students must have a bachelor's degree from an accredited institution and submit GMAT/GRE scores. Applicants must also submit proof of prior work experience in the field. GMAT/GRE requirements may be waived for applicants with an undergraduate GPA of 3.25 or higher, if they graduated from the Missouri State COB business unit within the last five years, or if they earned a business degree from an AACSB-accredited school.
|14||Azusa Pacific University Azusa, CA||Cost: $$$$$||Enrolled Online: 25%||
Azusa Pacific University's flexible MBA in international business online allows students to apply for and begin their program at anytime during the year. The program's year-round academic schedule is segmented into two, 8-week sessions over three terms, allowing students to finish their degree in 15 to 30 months, though students have up to five years to finish all degree requirements. Students take an average of two courses per each session and dedicate an average of eight hours per week to each course. The program's international business concentration includes coursework in marketing, management, economics, and global policy. Students work independently and in groups to solve business challenges, with no on-campus meetings or classes required.
In an effort to help all students be successful in their program, Azusa requires students attend a two-week online student orientation. Graduate students must maintain a minimum 3.0 GPA in order to earn their degree. Students who earned an undergraduate cumulative GPA of 3.25 or higher, or who have successfully completed a master’s degree, are exempt from submitting GMAT scores as part of their application requirements.
|15||University of Delaware Newark, DE||Cost: $$$$$||Enrolled Online: 13%||
The University of Delaware offers learners an accelerated MBA in international business, a degree that equips students with the key skills needed to advance into a leadership position in the global marketplace. International business content emphasizes the impact of globalization and emerging strategies on international financial management. Asynchronous courses last seven weeks long, allowing full-time students to complete their degree requirements in just 16 months.
Students also gain access to a personal career coach throughout their program. UD provides students with a choice of six program start dates and the school also provides all students with a fixed online tuition rate, making its online master's in international business program a flexible and affordable option for every learner. Students are eligible for a merit-based scholarship equal to a 10% tuition discount, while active-duty military members receive an automatic 15% discounted tuition rate. UD also offers a corporate partner tuition discount of 10% for participating employers and their employees.
|16||Florida Atlantic University Boca Raton, FL||Cost: $$$$$||Enrolled Online: 47%||
FAU's online MBA degree is available in a part-time, fully online format, and most students graduate within two years. To help prepare them for jobs in a competitive global marketplace, students can select a concentration in international business. Distance learners can complete all coursework asynchronously, and FAU's online learning platform replicates a typical classroom experience through recorded lectures, student-led discussions, and presentations.
This online MBA program follows the same curriculum as the on-campus program and is taught by the same faculty. Online students may apply from anywhere in the world and pay the same tuition as in-state students.
Classes begin every summer, fall, and spring. To apply, you must have a bachelor's degree in any discipline. Applicants must also have an undergraduate GPA of 3.0 or higher and at least four years of relevant work experience. GRE/GMAT test score requirements may be waived on a case-by-case basis.
|17||The University of Texas Rio Grande Valley Edinburg, TX||Cost: $$$$$||Enrolled Online: 29%||
Earning an MBA online with a concentration in international business from UTRGV outfits graduates with effective management skills, industry experience, and knowledge of multicultural business environments. Core classes include managerial economics, organizational behavior, and advanced corporate finance.
UTRGV's MBA online programs are available in an accelerated format and can be completed in 12 months. A total of 36 credits are divided between foundational coursework and elective credits. Courses are available entirely online and may be completed asynchronously.
Prior to applying, students should ensure that UTRGV's online program is available in their state. To apply, students must have a bachelor's degree with a minimum undergraduate GPA of 3.0. Applicants with more than four years of professional work experience do not need to submit GRE/GMAT scores. Applications are accepted prior each term in the fall, winter, and spring.
|18||University of Nebraska-Lincoln Lincoln, NE||Cost: $$$$$||Enrolled Online: 31%||
The University of Nebraska--Lincoln's MBA in international business features a spiral curriculum that builds on course content and allows students to apply concepts they learn from one course to the next. Students complete a total of 48 credit hours, which includes one year of foundational business course content. The program's international concentration includes courses reserved solely for online students, including leadership in a global context and marketing and globalization. Depending on full- or part-time status, average program completion time ranges from two to four years, respectively. Information sessions for the online MBA in international business are held online throughout the year.
Fall, spring, and summer semesters are divided into two, 8-week terms--students can begin their program during any semester and any term. Program admission is competitive, and applicants are encouraged to have an undergraduate GPA of at least 3.0 and a minimum GMAT score of at least 600. Statistics and calculus coursework are required prerequisites for program admission.
|19||California Lutheran University Thousand Oaks, CA||Cost: $$$$$||Enrolled Online: 16%||
California Lutheran University's MBA in international business is an accelerated program, with courses structured in five eight-week terms throughout the year. Students in the online MBA in international business program can complete all 45 program credits in 12 to 36 months, depending on full- or part-time enrollment status. Eight core courses cover a broad range of business topics, including enterprise management, organizational behavior, financial principles, and other key concepts. Students choose two emphasis courses and four professional track electives, with international business topics like applied international management, global strategy, and international business law.
Students who do not meet MBA course prerequisites can complete a list of foundational courses through CLU in preparation for the program. Application requirements include (but are not limited to) two professional references, an interview with an admissions counselor, and recent GMAT scores.
|20||Harding University Searcy, AR||Cost: $$$$$||Enrolled Online: 48%||
Harding -- a Christian university in Searcy, Arkansas -- offers a fully online MBA with an optional concentration in international business. Available through the Graduate School of Business, the MBA online program can be completed in 18 months, and part-time students have up to seven years to finish the degree.
Classes are offered over eight-week blocks. Students may complete coursework independently or as a cohort with other classmates. Harding is in the process of establishing corporate cohorts with Murphy USA, ArcBest, and the Arkansas Hospital Association.
This accelerated program consists of 36 credits with 10 core classes and two elective courses. Harding undergraduate students can enroll in as many as nine hours of upper-division classes. Students may begin the program in August, January, or May. Applicants must have an accredited undergraduate degree with a cumulative GPA of 3.0 or higher.
|21||Florida Institute of Technology Melbourne, FL||Cost: $$$$$||Enrolled Online: 29%||
The 100% online MBA program from Florida Institute of Technology’s Nathan M. Bisk College of Business features an engaging, student-centered eLearning platform, with 24/7 access to a combination of live and recorded video and MP3 lectures. Students in the MBA in international business program learn how serve as an effective leader in a multicultural and international organization, with course content focused on best practices in management, negotiations, communication, and other key business domains. Curriculum also covers how to grow a successful international business by identifying and taking advantage of competitive opportunities.
Florida Tech graduates are prepared for a variety of jobs for international business majors, from sales consultants to risk analysts to company department heads. The university offers a fee-free, streamlined application process: students are only required to fill out an application and a request for transcripts--Florida Tech admissions representatives take care of the rest.
|22||Washington State University Pullman, WA||Cost: $$$$$||Enrolled Online: 20%||
WSU's fully online MBA was developed with an international perspective in mind. This degree prepares graduates for business careers unfettered by geographical boundaries. Students will take coursework in management, business strategy, and business theory with a global point of view. Courses are delivered in an asynchronous format to provide maximum flexibility for working professionals.
To apply, students must have earned a bachelor's degree in any discipline from a regionally accredited four-year school. Students without prior business experience are required to take foundation courses to cover the fundamentals. Core classes include data analysis for managers, foundations in marketing, and foundations of business law.
Applicants should have a minimum undergraduate GPA of 3.0. GMAT/GRE requirements may be waived for candidates who exceed the minimum MBA admissions requirements. Terms begin in the spring, summer, and fall. Applications are accepted on a rolling basis prior to each term.
|23||Concordia University-Wisconsin Mequon, WI||Cost: $$$$$||Enrolled Online: 43%||
Concordia University--Wisconsin's MBA in international business, accredited by the International Assembly for Collegiate Business Education (IACBE), includes a choice of 13 concentrations, including international business. The core curriculum includes a broad overview of best business practices and fundamental concepts and theories, while concentration-specific content provides students with an in-depth study of international finance and economics. A final capstone project allows students to incorporate core curriculum, research, and workplace experience into an actionable business solution. Students can apply for and start their program at anytime.
Graduates enter a range of international business jobs, including as CEOs, risk management consultants, and marketing directors. Concordia University-Wisconsin, part of the greater Concordia University system and affiliated with the Lutheran Church Missouri Synod, currently enrolls about 2,400 online students each year. All students are assigned an online student success advisor, who serves as a guide throughout the program.
|24||University of Houston-Victoria Victoria, TX||Cost: $$$$$||Enrolled Online: 24%||
The University of Houston-Victoria’s global MBA program offers students an international focus with a diverse and global faculty. The program is open to both business professionals and students looking to make a career transition, with required credit hours ranging from 30 to 56 hours, depending on experience. Core curriculum provides an in-depth understanding of domestic and international business policies and challenges, and students also have the option of choosing one of eight areas of expertise, including--but not limited to--entrepreneurship, economic development, and marketing.
Though the entire AACSB-accredited program is available online, students have the option of taking some foundational courses on campus in Victoria. Online students also have the option of participating in an international study abroad course. UH graduates have secured international business jobs with organizations like United Airlines, International Energy Services, and many others. Global MBA students may be eligible for one of several business-specific UH scholarships upon application.
|25||National University La Jolla, CA||Cost: $$$$$||Enrolled Online: 24%||
This mission of National's MBA online degree is to provide students with the skills and knowledge to manage businesses on a global scale, which is why students can specialize their degree in international business. The curriculum focuses on understanding basic organizational disciplines, including economics, data analysis, and finance. Graduates of this program learn about the opportunities and risks associated with international businesses and how to evaluate trends in global markets.
Courses are delivered entirely online in an asynchronous format. Students can take classes in real-time by participating in lectures and class discussions through a live chat stream. To graduate, students must complete a minimum of 63 quarter units.
Applicants must submit GMAT/GRE scores and have a bachelor's degree from a four-year school. Transfer students with a GPA of at least 3.0 may apply up to 13.5 quarter units from another accredited institution toward the MBA.
What Else Can I Expect From an Online MBA in International Business Program?
Although core coursework requirements are similar in most online MBA - international business programs, schools vary widely in target audience, focus, quality, and courses offered. An MBA is an investment, so it's important to carefully research each school you're considering to assess its fit with your needs and career goals.
CURRICULUM FOR AN ONLINE MBA IN INTERNATIONAL BUSINESS
Online MBA - international business programs are typically based on a core curriculum in accounting, finance, organizational leadership, management, and marketing, plus a series of courses pertaining to multinational business. While courses vary by school, here are some examples:
- International economics: Investigates key aspects of international economic growth, including international trade theories and policies, macroeconomic analysis, absolute vs. comparative advantage, foreign currency exchange markets, and open economy monetary policy. This course prepares students for careers in international economic development, and for work in relief agencies, think tanks, and research institutes.
- Global business management: Explores the complex dynamics of conducting business across cultural and national boundaries. Issues for host countries and multinational enterprises in joint ventures are addressed. Topics include global strategic planning, supply chain management, leadership, decision making, and cross-cultural management. This course prepares students for professional roles as management analysts and consultants.
- International marketing: Covers issues involved in conducting marketing operations globally, including market research, logistics, identifying and evaluating overseas market opportunities, adapting strategies to market needs and constraints, marketing information systems, innovation and branding, pricing and distribution, global marketing ethics, and professional communication. This course prepares students for market research analyst roles.
HOW LONG DOES IT TAKE TO GET AN ONLINE MBA IN INTERNATIONAL BUSINESS?
For students who hold undergraduate degrees in business, most online MBA international business programs require 18 months to two years of study, and completion of an average of 30 credits. For students from a non-business background, some schools offer preliminary "boot camps" for completion of MBA prerequisites. An accelerated full-time intensive study option is also available at some schools, permitting motivated and capable students to complete the MBA within one year. Part-time students generally take three years or more to complete the program. Some programs offer dual concentrations that can take up to five years to complete, with 48 to 63 credits.
Some programs are individually paced while others offer a cohort learning format, in which all MBA students begin the program at the same time, progress through coursework together, and graduate as a group. Advantages of the cohort model include a fixed schedule, opportunities for teamwork, and guaranteed enrollment in classes.
CERTIFICATIONS AND LICENSES AN MBA IN INTERNATIONAL BUSINESS PREPARES FOR:
- Certified Management Consultant: Offered by the Institute of Management Consultants, the CMC is awarded in 50 countries and features global reciprocity. It requires documentation of three years of consulting work experience, oral and written ethics examinations, evaluations from five clients, a panel interview, and a final review. The credential must be renewed every three years.
- Certified Business Manager: Offered by the Association of Professionals in Business Management, the CBM assesses your skills using a business acumen framework at an advanced level, based on practices used worldwide. It requires an examination, and can be completed in 12 to 18 months. An MBA and three years of full-time work experience are required.
Accreditation for Online MBA in International Business Degrees
Accreditation is a crucial seal of approval indicating that programs meet peer standards for rigor and academic quality. Federal financial aid is only available to students enrolled in accredited schools. Regionally accredited schools have been evaluated by agencies recognized by the U.S. Department of Education (DOE) and the Council for Higher Education Accreditation (CHEA), and have met standards for their home state. National accreditation is awarded by CHEA-approved agencies focusing on technical, vocational, or distance education. Schools with national accreditation are often for-profit or have religious affiliations, and requirements for national accreditation are not as standardized as those for regional accreditation. Regional accreditation is the more popular of the two, and more important for MBA students.
For business majors, there are two field-specific accrediting agencies: the Association to Advance Collegiate Schools of Business, providing quality assurance, business education, and professional development, and the Accreditation Council for Collegiate Business Schools & Programs, accrediting business programs at regionally accredited schools.
The DOE and the CHEA play an important role in accreditation: assuring students that the organization accrediting their institution or program is reliable. DOE is a government agency promoting student achievement by facilitating equal access and educational excellence. CHEA is an association of degree-granting colleges and universities recognizing institutional accrediting organizations, with a focus on quality assurance. In other words, they recognize the accreditors as worthy to provide the stamp of approval to academic institutions. Only recognized accreditors are listed in the CHEA and DOE databases. A list of all accredited schools is available on the DOE and CHEA websites.
Employment Outlook for MBA in International Business Graduates
Derived from a recent report from the US. Bureau of Labor Statistics, below are occupations in which employees with a master's degree earned a wage premium over employees who hold a bachelor's degree. The average wage premium is highest for sales agents working in securities brokerage and financial services, with MBA degree holders earning a full $80,000 more than those with a bachelor's degree. The wage premium is also substantial for financial managers and managers working in sales and marketing, with MBA degree holders earning an average of approximately $30,000 more than those with bachelor's degrees.
MBA vs. Bachelor's in Business
|Occupation||Number of jobs for bachelor's degree holders||Number of jobs for MBA degree holders||Median annual salary for bachelor's degree holders||Median annual salary for MBA degree holders|
|Securities, Commodities, and Financial Services Sales Agents||113,110||32,865||$90,000||$170,000|
|Marketing and Sales Managers||380,429||125,900||$80,000||$110,000|
Source: U.S. Bureau of Labor Statistics
MBA IN INTERNATIONAL BUSINESS SALARY
Graduates of online programs with MBAs in international business are often employed in mid-level to upper-level management roles. The table below features data from PayScale regarding overall median annual earnings for general project managers and management occupations in international business development, marketing, operations, and sales.
Median Salaries for MBA Careers in International Business
|Job Title||Overall Median Salary|
|Project Manager, (Unspecified Type / General)||$54,362 - $106,991|
|Business Development Manager||$64,329 - $123,347|
|Marketing Manager||$44,042 - $128,802|
|Operations Manager||$34,000 - $124,800|
|International Sales Manager||$48,585 - $111,761|
MBA IN INTERNATIONAL BUSINESS CAREERS
An MBA in international business is a versatile, interdisciplinary degree. Gaining an understanding of global economic business trends provides valuable preparation for leadership roles, particularly in management, accounting, finance, and marketing. Strong communication skills and an interest in travel are key. Flexibility, cultural sensitivity, and resourcefulness are also important. Graduates of MBA programs often move from mid- to upper-level management, and eventually to top executive positions. Potential employers include international financial institutions, investment firms, banks, multinational corporations, and government agencies.
- Management Analyst: Management analysts examine the structure, profits, and efficiency of organizations. They advise managers on ways to improve organizations' profitability through increasing revenues and decreasing costs. Many management analysts enter the field with a bachelor's degree, and later earn an MBA.
- Financial Analyst: Financial analysts provide guidance to businesses, corporations, and individuals by analyzing financial data and offering advice on investment decisions for international operations. They assess the performance of investments, including stocks, bonds, and commodities.
- Securities, Commodities, and Financial Services Agents: These professionals act as liaisons in fiduciary relationships between buyers and sellers in financial markets. They buy and sell securities, monitor performance gains and losses, and advise companies in search of investors.
- Economist: Economists collect and analyze economic data and statistics regarding production and distribution of goods and services. They uncover trends, research and evaluate economic issues, and use economic theory to provide advice to improve efficiency.
- Budget Analyst: Budget analysts allocate financial resources. They develop budgets to estimate financial needs for public and private organizations, prepare budget reports, and monitor institutional spending to improve efficiency.
Average Salary are Growth Rate by Career
|Position||Median Annual Salary||Projected Growth Rate|
|Securities, Commodities, and Financial Services Agents||$67,310||10%|
Source: U.S. Bureau of Labor Statistics
Professional organizations for MBAs can enhance knowledge and skills to help you succeed in international business. They are especially valuable for those who are just beginning their careers, as they can help students find mentors and scholarships. Organizations of this type encourage professional development, share best practices, and offer members-only educational workshops and presentations. They also make annual conferences and networking opportunities available, including job fairs where you can make contact and stay up to date with people who hire MBA graduates.
Association of MBAs: The AMBA connects MBA students, graduates, business schools, and employers worldwide. Members receive access to networking opportunities, a business school professionals conference, and career services including an advice database, employers forum, and an MBA-specific jobs portal.
National Association of Women MBAs: The NAWMBA offers networking events, social activities, social service opportunities, workshops, and educational presentations. Resources are also available for career information, job-hunting guidance, and scholarships.
American Management Association: The AMA is a professional development organization offering business management training seminars, educational opportunities through webinars and podcasts, a leadership center, and access to books, whitepapers, and articles.
Financing Your Online MBA in International Business Program
The FAFSA form offered by the U.S. Department of Education is the starting point to qualify for all federal financial assistance for your MBA. You may also qualify for fellowships, work-study opportunities, grants, or scholarships. Some employers even offer tuition assistance for MBA programs. Scholarships are both need and merit based, and are often found through business associations, nonprofits, community groups, or charitable organizations. Begin your search at the U.S. Department of Labor database.
Approximately two-thirds of today's college students rely on loans to fund their education, but there are plenty of overlooked financing options you can use to reduce your overall student debt.
Completing the Free Application for Federal Student Aid (FAFSA) is a crucial first step for any student with financial needs. Our FAFSA guide features a step-by-step rundown on the process and answers to several frequently asked questions.
Financial aid for online learning is equivalent to what you'll find for campus-based learning, but that hasn't always been the case. Learn about the changes that have taken place, as well as the different funding opportunities available to online students.
Online college programs can be a flexible, affordable option for single parents who are interested in earning a degree and securing their family's financial future. We've compiled a list of scholarships, grants, and other financial aid options geared toward single moms and dads.
Millions of dollars in free money is available to U.S. military personnel, but much of it goes unused. Learn more about grants, scholarships, and other financial aid opportunities available to veterans, active-duty service members, and reservists.
- Best Online MBA in International Business Programs of 2017
Rank School Location 1 University of Florida Gainesville, FL 2 University of Illinois Champaign, IL 3 Lehigh University Bethlehem, PA 4 The University of Texas at Dallas Richardson, TX 5 Nova Southeastern University Fort Lauderdale, FL 6 Brandman University Irvine, CA 7 Webster University Saint Louis, MO 8 University of Nebraska-Lincoln Lincoln, NE 9 American University Washington, DC 10 Northeastern University Boston, MA 11 Liberty University Lynchburg, VA 12 University of Delaware Newark, DE 13 University of Dallas Irving, TX 14 Dallas Baptist University Dallas, TX 15 University of Houston-Victoria Victoria, TX 16 Endicott College Beverly, MA 17 Azusa Pacific University Azusa, CA 18 University of Michigan-Dearborn Dearborn, MI 19 University of Scranton Scranton, PA 20 Concordia University-Wisconsin Mequon, WI 21 California Lutheran University Thousand Oaks, CA 22 University of North Dakota Grand Forks, ND 23 Baldwin Wallace University Berea, OH 24 Florida Institute of Technology Melbourne, FL 25 Benedictine University Lisle, IL