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International Business
Overview
International business is the study of how businesses operate across international borders. It encompasses many topics, including global economics, marketing, finance, and management. International business courses abroad can help you gain the skills and knowledge you require to grow in a globalized economy.
Why Study International Business Courses Abroad?
There are many reasons to study international business courses abroad. Here are a few:
- Gain a global perspective on business.
- Learn about different cultures and business practices.
- Develop your language skills.
- Build international networks.
- Enhance your resume and job prospects.
Course Structure
International business courses abroad typically include a mix of core and elective courses. Core courses cover topics such as global economics, international marketing, and international finance. Elective courses help you to specialize in areas of interest, such as international trade, international management, or international accounting.
Course Subjects
Some common course subjects in international business programs abroad include:
- Global Economics
- International Marketing
- International Finance
- International Management
- International Trade
- International Accounting
- International Law
- Cross-Cultural Communication
- Global Supply Chain Management
- Global Leadership
- International Business Ethics
Course Duration
The duration of international business courses abroad can vary based on the level of the program and the specific structure of the curriculum. Bachelor’s degree programs in international business typically have a duration of three to four years. Master’s degree programs in international business, such as Master of Business Administration (MBA) with a focus on international business or Master of International Business (MIB), usually last for one to two years. Shorter-term diploma and certificate programs in international business are also available. These programs may range from a few weeks to several months.
Types of International Business Courses Abroad Degrees
International business courses abroad are offered at both the undergraduate and graduate levels. Undergraduate programs typically offer a Bachelor of Business Administration (BBA) or Bachelor of Arts (BA) degree in International Business. Graduate programs typically lead to a Master of Business Administration (MBA) in International Business or a Master of Arts (MA) in International Business.
Top Specializations
Some of the most popular specializations in international business include:
- International Trade
- International Management
- International Accounting
- International Marketing
- Global Supply Chain Management
- International Business Ethics
Admission Process (Steps in Detail)
The admission process for international business courses abroad varies depending on the program and university. However, there are some general steps that you can follow:
- Research different programs and universities.
- Complete an online application form.
- Submit your transcripts, test scores, and other required documents.
- Interview with the program admissions committee.
- Receive an offer of admission.
- Accept the offer and pay the deposit.
- Apply for a student visa.
Document Requirements
Common document requirements for international business courses abroad include:
- Transcripts
- Test scores (e.g., IELTS, TOEFL, GMAT, GRE)
- Letters of recommendation
- Personal statement
- CV/resume
English Language Proficiency Exams Score Requirements
The English language proficiency exam score requirements for international business courses abroad vary depending on the program and university. However, most programs require a minimum score of IELTS 6.5 or TOEFL 80.
Cost of Studying (Average Tuition fees of the course)
The average tuition fees for international business courses abroad vary depending on the program and university. However, the average tuition fees for undergraduate programs range from $10,000 to $20,000 per year, and the average tuition fees for graduate programs range from $20,000 to $30,000 per year.
Cost of Living and Other Expenses
The cost of living and other expenses for international business courses abroad vary depending on the country and city where you study. However, the average cost of living ranges from $10,000 to $20,000 per year.
Top Scholarships with Amounts of Scholarship Offered
There are a number of scholarships available to international students studying business abroad. Some popular scholarships include:
- Fulbright Scholarship (up to $50,000)
- Chevening Scholarship (fully funded)
- Erasmus Mundus Scholarship (fully funded)
- DAAD Scholarship (fully funded)
- MasterCard Foundation Scholarship (fully funded)
Popular Jobs with its Average Annual Salaries in US dollars
Some popular jobs for graduates of international business programs abroad include:
- International Business Analyst (average annual salary: $60,000)
- International Marketing Manager (average annual salary: $70,000)
- International Sales Manager (average annual salary: $80,000)
- International Finance Manager (average annual salary: $90,000)
- Global Supply Chain Manager (average annual salary: $100,000)
Best Countries to Study International Business Courses Abroad
Some of the best countries to study international business courses abroad include:
- United States
- United Kingdom
- Canada
- Australia
- Singapore
- Hong Kong
- Germany
- France
- Spain
- Italy
- Netherlands
Best Universities to Study International Business Courses Abroad
Here are some of the best universities to study international business courses abroad, based on global rankings and student reviews:
- University of Oxford, UK
- Stanford University, USA
- Massachusetts Institute of Technology (MIT), USA
- University of Pennsylvania, USA
- Harvard University, USA
- (LSE) London School of Economics and Political Science, UK
- HEC Paris, France
- ESADE Business School, Spain
- IESE Business School, Spain
- University of Toronto, Canada
- McGill University, Canada
FAQs
Q1) What are the benefits of studying international business abroad?
A: There are many benefits to studying international business abroad, including:
- Gaining a global perspective on business
- Learning about different cultures and business practices
- Developing your language skills
- Building international networks
- Enhancing your resume and job prospects
Q2) What are the different types of international business degrees available?
A: The most common international business degrees are the Bachelor of Business Administration (BBA) in International Business and the Master of Business Administration (MBA) in International Business. There are also specialized master’s degrees available in areas such as international trade, international management, and international marketing.
Q3) What are the English language proficiency requirements for international business courses abroad?
A3) The English language proficiency requirements vary depending on the program and university. However, most programs require a minimum score of IELTS 6.5 or TOEFL 80.
