In the same way that business administration provides the general skills that can transfer into a wide array of careers in business, international business offers a multitude of career opportunities. The exciting thing about international and multinational business is that you can literally take your skills with you—and to just about anywhere. With applications across a spectrum of industries, salaries will vary depending on what type of business you specialize in, who you work for and where.
Here are some statistics on salaries, job growth, and employer types for careers in international business.
It is difficult to know what to expect from salaries in international business, since they reflect already varied salaries in the world of business in general. Many possible career paths are open to those interested in business and travel, each with varying levels of supply and demand.
As with almost all careers, the higher degree you hold, the higher your salary: A bachelor's degree in business administration can add $2,000 to $5,000 or more per year in earning potential, while an MBA can add yet another $7,000 to $11,000, though many MBAs start out in higher-level management jobs with more responsibility, and consequently earn a larger salary that may include a bonus package.
While job growth depends on the area of business in which you choose to work, the prospects for success in international business grow as the world shrinks due to technology. According to the U.S. Bureau of Labor Statistics, the demand for business administrators is expected to grow about as fast as average for all occupations. But, as corporations establish operations overseas or seek to strengthen their bonds with existing global partners, demand for those with specialized skills—such as translation, ethics, advising and management—will likely increase.