According to the National Center on Education Statistics, far more business-oriented bachelor's degrees are awarded than any other field.
And for good reason, recent studies show that graduates with business degrees enjoy some of the lowest unemployment rates and highest wages of all workers. People considering a degree in business, and particularly international business, will find a wide variety of open courseware, academic journals, professional organizations, and other resources freely available online.
Invaluable to launching a successful career in international business, membership in a professional association offers networking and educational opportunities, subscriptions to newsletters and journals, and access to job boards. Build new skills, access data and other resources, and learn from mentors through one of these organizations.
- Academy of International Business - Since 1959, the AIB has been the leading organization for scholars and other specialists in international business. With members from over 86 countries, truly international networking and collaboration at both regional and the annual international conferences is fostered. Jobseekers take advantage of the AIB Career Center and Placement Center, which both post available career positions. Members receive a subscription to Journal of International Business Studies, as well as AIB Newsletter and AIB Insights, which are both quarterly publications.
- Ascend - Aspiring to be the "premier non-profit professional association dedicated to . . . realizing the leadership potential of Pan-Asians in global corporations," Ascend connects its 12,000 members through dozens of international chapters. Open to people of all races and ethnicities, a variety of memberships are available. Undergraduate students can participate in mentoring programs and professional development courses, while graduate students and young professionals develop leadership experience through the organization's local chapters. Members at all levels, including managers, enjoy numerous networking opportunities at national and regional conferences, local chapter meetings, and social mixers.
- European International Business Academy - The EIBA has members from nearly 50 countries worldwide. Founded in 1974, the academy's mission is the exchange and spread of information across the field of international business. Networking opportunities include an annual conference held each year at a major European university, as well as becoming part of the EIBA's global network of international business professionals. Members also receive a subscription to International Business Review and EIBAzine's newsletter. Jobseekers benefit from the academy's Online Job Market as well.
- Finance Credit & International Business Association - Since 1919, the FCIB has been one of the top organizations for executives in international business, credit, and finance. Members enjoy insight, advice, and expertise from over 1,000 fellow members in 55 countries around the world. The FCIB's global network of peers is contained in its online Membership Directory, and the association fosters networking with its Members' Forum, workshops, conferences, and seminars. Members also have access to a variety of online research resources, including World Trade Reference and Collection Risk Reports.
- International Association of Business Communicators - Since 1970, the IABC has helped PR, corporate communications, investor and government relations, and marketing professionals improve their performance in the international market. Members enjoy access to an online member directory and MemberSpeak, a forum where corporate communications professionals "trade ideas, solicit advice and input, debate strategies, and share information." Job seekers and recruiters also benefit from IABC's Job Centre as well as its Marketplace, where consultants and freelancers connect with clients. Educational opportunities are provided as well.
- International Business Brokers Association - Geared toward professionals "engaged in business brokerage and mergers and acquisitions," the IBBA offers its members a variety of benefits. Networking is fostered at semi-annual conferences, like the Trade Fair and M&A Expo. Education opportunities abound, including courses needed to earn the Certified Business Intermediary (CBI) designation. The IBBA even sponsors an educational summit where 32 of the 68 credit hours toward the CBI can be earned in just four days.
- Washington International Trade Association - Non-profit and non-partisan, the WITA provides "a neutral forum in the nation's capital for the open and robust discussion of international trade policy." Since 1982, the WITA has provided its members with a variety of networking opportunities, including its Annual Awards Dinner, Governors and Ambassadors World Trade Reception, and the Congressional Trade Agenda. Members benefit from the WITA's online Career Center and membership and business directories, as well as discounts and access to trade programs.
Open Courseware (OCW)
Aspiring professionals who seek to improve skills and knowledge without enrolling in a degree program can take advantage of free OCW. Offered by some of the best universities in the world, international business specialists can have a top-notch educational experience without breaking the bank.
- Doing the right thing: corporate social responsibility in a global marketplace - University of Nottingham - Professor and Director of the International Centre for Corporate Social Responsibility, Jeremy Moon, leads this course, which explores how consumer awareness, globalization and public accountability have contributed to international companies' drive toward higher ethical standards. The push and pull between business performance and social responsibility is also discussed.
- Economy and Business in Modern China and India - MIT - Two of the worlds' fastest growing economies are explored in this class led by the Sloan School's Prof. Yasheng Huang. Students at the graduate level learn about the different aspects of these two "emerging markets," including their distinct political systems, policies, and business structures. Selected lecture notes and a detailed list of readings are provided.
- Global Markets, National Politics and the Competitive Advantage of Firms - MIT - Taught by Prof. Richard Locke of MIT's Sloan School, this graduate level course "examines the opportunities and risks firms face in today's global world." Students explore how institutions and governments influence markets differently under different styles of governing, trade regulation, and business structures. Selected lecture notes as well as links to other online resources are provided.
- Global Strategy and Organization - MIT - In this graduate level course taught by the Sloan School of Management's Prof. Donald Lessard, students explore the myriad markets, modes of ownership and outsourcing, organizations, and means of managing processes that exist globally. Students will learn the fundamentals of identifying and capitalizing on opportunities, as well as how to think and act strategically.
- International Economics - Utah State - Taught by Prof. Tyler Bowles of Utah State's Economics department, students in this undergraduate class explore issues in trade theory, international trade policy, and international finance. Assignments and audio lectures are provided, the latter in Mp3 format.
- International Studies 12: Global Issues & Institutions - UC Irvine - Helping business students understand the global cultural and political, social, and economic climates, this course taught by UC Irvine's Dr. Bojan Petrovic is designed for undergraduate level students. Particular topics covered include development, environmental degradation, debt, war, energy crisis, globalization, and ethnic conflict and terrorism.
- Technology and Global Development - Delft - This course from the Delft University of Technology examines international business from a sustainable development perspective. Designed for bachelor's level students, the class explores the developed world's perceptions of, as well as the impact of its technology transfer to, the Third World.
Open Access Business Journals
With the latest theories and studies from academia, perusing scholarly journals helps international business professionals keep up with current developments in academic research. Today, many top-level publications offer some or all of their content freely online via open access.
- International Business Research - Published monthly, the online version of this double-blind peer-reviewed journal is completely open and free to view. Scholarship in this academic publication crosses all aspects of business, management, finance, and economics. Recent articles include 'Complexity of Organizational Identification: Measuring Ambivalent Identification," and "Size Effect, Seasonality, Attitude to Risk and Performance of Egyptian Banks."
- International Journal of Business Science & Applied Management - With its mission to "enhance the dissemination of knowledge across the business and management community," articles in this academic journal cover a wide range of topics, including management, marketing, entrepreneurship, innovation, enterprise, and human resource management. Free and open access, representative articles include "The effects of economic crisis on logistics outsourcing," and "Measuring burnout and work engagement: Factor structure, invariance, and latent mean differences across Greece and the Netherlands."
- International Journal of Economics and Finance - This double-blind peer-reviewed academic journal focuses on economic and financial issues from an international perspective. Open access articles available for viewing online include "The Impact of Auditor Changes on CEO Compensation," and "Foreign Direct Investment and Economic Growth in Zambia."
- International Journal of Business Administration - "Devoted to publishing research papers for academics and professionals to share advances in business and management theory and practice," all content in this journal is openly available. Representative scholarship includes "Innovation in the Global Age," and "Performance of ICT Industry in Six Asian Countries."
- Journal of Business and Finance - This peer-reviewed international journal publishes articles of interest to international business professionals on topics including finance, financial reporting, banking, markets, and economics. Completely open access, representative articles include "Effect of Exchange Rate Volatility on Exports: Evidence from Eight Developed Countries," and "Impact of Trade Unionism on Indian Society."
- Journal of International Business Studies - In keeping with its goal to publish "insightful, innovative and impactful research on international business," JIBS contains methodologically rigorous quantitative and qualitative research. In this hybrid journal, some content requires a subscription while other articles are freely available. Recent open access content includes "A dynamic capabilities-based entrepreneurial theory of the multinational enterprise."
- Journal of International Business and Cultural Studies - Published by the Academic and Business Research Institute, this journal focuses on global economics, international business, and how cultural and social differences across nations affect global businesses. Blind, peer-reviewed, and open-access scholarship found in this publication includes "Exploring worldwide consumption behaviors," and "The roadmap of international business incubation performance."
- The South Asian Journal of Management Sciences (SAJMS) - Published twice a year, this journal contains scholarship relating to effective global management practices in light of emerging trends and innovation. Literature reviews and case studies as well as empirical research are all included in this open access, academic journal. Representative articles include "Autocorrelation in economic indicators before and after Natural Disaster," and "An application of GARCH while investigating volatility in stock returns of the World."
Some topics are too complicated to be encapsulated in an article or blog post. International business professionals interested in developing a deeper understanding of global issues will benefit from taking the time to enjoy a few of these longer reads.
- Abundance - Medical doctor and entrepreneur, Peter Diamandis, takes readers on a journey of technological innovations that are changing the world. In this inspirational book, Diamandis sees a future "world of nine billion people with clean water, nutritious food, affordable housing, personalized education, top-tier medical care, and non-polluting, ubiquitous energy."
- Doing Business Anywhere: The Essential Guide to Going Global - In this book, Author Tom Travis sets out the six fundamentals of international business. Topics covered include benefitting from trade agreements, maintaining global security, relationship building, and preparing for the unexpected.
- The Elephant and the Dragon: The Rise of India and China and What It Means for All of Us - Senior Asia editor for Forbes, Robyn Meredith, brings her expertise on China and India to this 2007 book. In this insightful work, Meredith explains how Chinese and Indian economic growth have, and will continue to, benefit the American economy.
- India Arriving - Arguing that India, not China, will be the next economic giant, Stanford professor Rafiq Dossani challenges conventional wisdom with this engaging read. Dossani explores how India's unique mix of resources and people, including the world's largest population of young people, creates fertile ground for India's economic rise.
- Making Globalization Work - Nobel Laureate and former chief economist of the World Bank, Joseph E. Stiglitz, examines globalization in this 2007 book. Seeking reform of international financial institutions, trade agreements, intellectual property protections, and economic inequality between nations, Stiglitz argues that helping all benefits the wealthy in the increasingly interdependent global economy.
- World Inc. - As an environmental and energy consultant, author Bruce Piasecki focuses on how socially responsible choices can reap economic benefits. In this book, Piasecki claims that huge multinational corporations "can address the social problems we struggle with, in conjunction with government," in a way that's good for both society and business.
Online Business Magazines and Newspapers
Unlike the 20th century's print magazines, today's online publications are updated hourly - and sometimes more frequently than that. Free and filled with the latest developments in business from around the globe, online magazines are a daily must read for aspiring international business professionals.
- The Economist - Although a subscription is required to access some content, much of the online version of this magazine is freely available. With in-depth analysis and quick reads specifically dedicated to the latest news in particular regions and countries from around the globe, The Economist is the magazine of choice for many in international business. Representative articles include "Environmental risks are starting to affect house prices all over the world," and "The $9 trillion sale: Governments should launch a new wave of privatizations, this time centered on property."
- Financial Times - Since 1884, the Financial Times of London has covered financial news from across the globe. In-depth analysis and reporting are the hallmarks of this magazine. A subscription may be required to access some content. Representative articles include "Hong Kong faces Guangzhou port threat," and "India facing urban jobs crunch."
- Intercontinental Exchange - ICE, the parent company of NYSE Euronext, is not technically a magazine; nonetheless, a wealth of information, including reports and data, can be found on this site. This network of clearinghouses and exchanges for commodity and financial markets is a vital resource for international business professionals.
- International Business Times - With over 20 million readers worldwide, the IBTimes has become a must-read among the international business class. In addition to the latest in economic and business news internationally, this magazine produces content that particularly appeals to global readers including "Carney Debunks Labour's Logic on Splitting Up Banks," and "China Asks IMF to Grant Greater Powers to Emerging Market Economies."
- Reuters - Reuters has been reporting international business and financial news since its inception in 1799. Breaking business, tech, market, and money news is all posted and clearly accessible from their distinct tabs. Recent articles of interest to international business specialists include "Davos prepares for annual parade of powerbrokers," and "Nikkei logs best day in 4 months after Tuesday's slide."
- Wall Street Journal's MarketWatch - Although much of the content of the Wall Street Journal's online site requires a subscription to access, international business data and reporting are freely available at MarketWatch. With over 120 years of experience reporting on market happenings, international business professionals can rely on this site's reporting. Recent articles include "Europe stocks close at 6-year high on growth hopes," and "Apple's China Mobile deal to extend beyond handsets."
Engaging, informal, and topical, blogs are an excellent way to keep current on trends and the latest thinking in international business. The sites in this mix of institutional and private blogs provide news and insight across a broad range of international business issues.
- Business 360 - Written by CNN International's correspondents and anchors, posts on this site examine current topics in global business. Encouraging questions, this is an excellent blog for aspiring international business specialists to frequent. Representative posts include ''Recovery of the emerging markets stays safely within the speed limit," and "Starbucks versus tea in India."
- DealBook - The New York Times' Andrew Ross Sorkin and crew post the latest in international financial and business news. Freely available online, registration for some content is required. Recent posts include "Deutsche Bank Suspends Traders Amid Foreign Exchange Investigations," and "Europe Reaches Agreement on Trading Derivatives."
- Harvard Business Review - With its goal of providing "professionals around the world with rigorous insights and best practices," the HBR and its HBR Blog Network give business leaders the latest and smartest in management thinking. Recent posts that appeal to international business specialists include "Chile's Attempt to Cut Traffic Meets the Law of Unintended Consequences," and "Will 3-D Printing Cause Traditional Manufacturing to Collapse?"
- Naked Capitalism - With an eye toward shining a bright light on what its founder calls the "finance-led counter-revolution," where regular Joes are losing economic ground to the financial elite, this blog is "not for the fainthearted" (or laissez-faire minded). Representative blogs on international issues include "Has the Developed World Hit 'Peak Car Use?'" and "Governments Will Struggle to Control Bitcoin."
- Planet Money - NPR's multimedia economy "explainer" has an engaging blog site where the latest business news is put into plain language. Clear and straightforward, this site appeals to both the uninitiated and experienced business professionals alike. Recent posts include "A Bet on the Future of Humanity," and "Where the Jobs Are, In 2 Graphs."
- Wonkblog - With a focus on the budgetary policy of the top economy in the world, this blog for The Washington Post is an important read for all business professionals. Manager Ezra Klein and crew post frequently with articles like "Why the world shouldn't fear the taper," and "Here's a breakdown of what's in Congress' $1.012 trillion spending bill."
Who to Follow on Twitter
Providing insight, analysis, and updates in 140 characters or less, this collection of institutional sites, academics, consultants, and industry insiders is fun and informative to follow.
- @globalEDGEmsu - From the International Business Center at Michigan State University comes insights, guides, and resources that appeal to international business specialists. Many tweets link to the organization's blog, including "Death of the Digital Music Download?" and "A New Study on GDP and Life Satisfaction."
- @KingEconomist - Chief Economist at HSBC and author of When the Money Runs Out, Stephen King (the other one), tweets business insights from the banking world and the latest at HSBC. His tweets include "The excellent David Bloom discussing his currency buckets at the HSBC Asian Outlook in Shanghai."
- @JohnYunker - Tweeting on international cultural issues, domain names, and global gateways, Yunker provides insight and expertise on Web globalization as well as posts from his blog, Global by Design. Recent tweets include "Make your product 'translation worthy,' and the world will follow," and "How to improve your global ecommerce website."
- @Noahpinion - Noah Smith, the Assistant Professor of Finance at Stony Brook University and an Atlantic contributor, has a funny take on the latest economic news; his tweets sometimes come out of left field, such as this post of a Washington Examiner article "Millions in farm subsidies flow to DC residents who don't actually farm."
- @profsufi - Amir Sufi, Professor of Finance at the prestigious University of Chicago, tweets on business and financial issues. Photos, videos, and graphs of economic news can all be accessed from his profile page. Recent posts include "Chicago Booth's IGM experts panel finds most economists agree with surge pricing as Uber did on New Year's Eve."
- @RenatoBeninatto - Self-described agent provocateur and Chief Marketing Officer at Moravia Instigator, the Brazilian Beninatto tweets on the international business climate. Recent tweets of interest to international business specialists include "SYSTRAN to be Acquired by South Korean Firm CSLI," and "Word of the year: Johnson: And the winner for 2013 is . . . The Economist."