In our modern society, global expansion of business has increased the need for employees who understand how to expand into international markets and operate business in a culture other than their own. You can make your own mark on the rising global marketplace with the business skills and knowledge that can be gained through a degree program in international business.
During an international business program, you should develop an understanding of international politics, finances and cultures, and learn how to apply that knowledge both domestically and abroad. These degree programs aim to prepare graduates to compete in the global market. Some degree programs may even require you to learn a foreign language or complete a study abroad program as part of their major requirements.
Do you want to know more about the top schools that offer international business degree programs? Are you curious about the career options available for graduates with an international business degree? Read on to learn more.
Best Online Colleges for International Business in 2018
Below you will find a ranking of the top 10 schools for an online degree program in international business. This list has been created using data from the National Center for Education Statistics' Integrated Postsecondary Education Data System (IPEDS), analyzed through a unique methodology that you can read more about at the bottom of this page.
Arizona State University-Tempe
University of Houston-Downtown
Florida International University
Minot State University
Northern State University
Southern New Hampshire University
Oklahoma Baptist University
Hawaii Pacific University
University of the Incarnate Word
Interview with an Expert
travel experience provides a great opportunity for students to practically apply
concepts learned in their coursework with different international businesses.
Director of Career Advancement
Oklahoma Baptist University
Director of Career Advancement
Oklahoma Baptist University
Q: What qualities make Oklahoma Baptist University's online MBA in international business an outstanding program?
A: Primarily is the immersion trip which is a required part of the MBA program. This international travel experience provides a great opportunity for students to practically apply concepts learned in their coursework with different international businesses. Through this immersion trip students gain a global perspective and gain foresight into business both internationally and domestically.
Secondly is the diversity of adjunct professors teaching courses for the MBA program. Adjunct professors are leaders in a variety of international businesses, many of whom run large businesses themselves. Hence, they bring a great amount of knowledge and firsthand experience to the MBA program which is a great benefit and advantage for students.
Q: What support does Oklahoma Baptist University offer their online student body?
A: First is that all students have access to Canvas, the course management system used for online classes. Through Canvas students can keep track of their assignments and are provided multiple ways they can submit them. In addition, students can check their grades as well as access quizzes, take quizzes and surveys, and view their quiz results.
Secondly, students are provided abundant access to their professors through technology. Through online chat sessions, Skype, and FaceTime students can contact their professors regarding assignments, coursework, or any other questions or concerns they may have.
Q: How does the online program in international business differ from the on-campus program?
A: First, the online program allows students to work at their own pace. Basically, this means that they do the coursework at their own convenience, as long as they submit assignments by the due dates. Likewise, through web-based instruction students have the freedom to attend class wherever they are. And through the online portal, students are able to intern and gain real work experience without having to interrupt their normal routine.
Second, OBU offers mentoring as an opportunity for students to debate and discuss critical issues that never come up in most classrooms or case studies. The mentoring is an integral and required part of students' education. Students can attend 30 live, local sessions led by area professionals which provide worldwide networking opportunities.
Degree Overview: International Business
For students who are interested in having careers working for global companies or in international markets, it's important to understand not only business, but also culture. An international business major will find themselves completing a lot of the same coursework that a typical business major would, but with a rather different point of view. Let's take a closer look at the way an international business major might approach their courses and the skills this might develop for them.
Online International Business Courses
Like their regular business major counterparts, international business students will have to learn the foundations of the field: accounting, management, marketing, finance, economics, ethics, law, etc.
What makes international business coursework unique is that these concepts are taught through a global lens. Economics have all sorts of implications when approached from an international point of view; factors such as international relations, exchange rates and global markets can completely change the approach a businessperson should take in their dealings, which necessitates a different approach from your typical business program. For example, a international management course might focus on how to work within or alongside organizations whose workforce might have vastly different cultures, traditions and value systems, addressing many different situations that may not come up in a regular business course.
Here are some of the courses that international business majors (either at the bachelor's or master's degree level) might be required to take:
- International Trade
- International Human Resources Management
- Globalization and Global Supply Chain
- International Taxation
- International Marketing
- International Financial Management
- International Studies in Business & Economics
- Global Information Systems
In addition, it's usually recommended (if not required) that international business majors also take foreign language courses and/or study abroad or intern for a semester. Studying abroad can be a particularly valuable experience, as steeping yourself in the language and culture of another country is one of the best ways to come to understand it.
Career-Related Skills to Develop
The process of earning a degree in international business usually exposes students to a multi-layered set of skills that can be beneficial to them in their careers. For starters, they should have a strong foundational knowledge of business concepts (management, accounting, finance, marketing, business law, etc.), and how organizations are structured. Knowing these concepts is imperative for being able to assess and evaluate business models, detecting problems and devising solutions. Without this technical understanding, it's very difficult to compete in the aggressive global market.
On the more cultural side of things, students should make sure they are learning from their courses to develop a sense of cultural awareness regarding international business practices, laws and regulations, as well as sensitivity towards the traditions and mindsets of cultures that are not your own. Last, fluency in another language, preferably from the region in which one hopes to do business, is a highly beneficial — and marketable — skill for obvious reasons.
International Business Career Outlook
A degree in international business can lead to a number of career options. In this section, you will be introduced to a number of jobs that graduates with a degree in international business may want to pursue as a career.
These professionals may be able to advance to a position as a senior examiner. In addition to job experience, an advanced degree may be beneficial for professionals looking for advancement. Some employers may require a master's degree in either accounting or business, while others may look for candidates with a Certified Public Accountant (CPA) designation.
Some companies specifically look to hire individuals with knowledge and experience in international business to help grow their international infrastructure and drive the company's global growth. For example, an international business operations analyst reports on a company's international growth and identifies opportunities for improvements to current processes within the global business.
To be included in these rankings, all colleges had to meet the following criteria for the specific subject being ranked:
- Offer at least one degree or certificate in that subject online
- Have awarded at least one degree or certificate in that subject in 2015-16
Once we had our list of schools for each subject, we ranked them on six criteria:
- In-state tuition, National Center for Education Statistics, 2015-16
- Graduation rate, National Center for Education Statistics, 2015-16
- Accessibility, based on the admissions rate, National Center for Education Statistics, 2015-16
- Program prominence, based on how many of the degrees and certificates awarded by the school in 2015-16 were in this particular subject, National Center for Education Statistics, 2015-16
- Related subjects, based on the number of similar programs that the school offers at any level, National Center for Education Statistics, 2015-16
- Variety of degree levels, based on the number of degree and certificate levels out of a possible nine that the school offers in this particular subject, National Center for Education Statistics, 2015-16