Are you interested in business on a global scale? An MSc in International Business is designed to develop the capabilities of managers in the global economy. This degree can help you establish yourself as a business leader in the international economy or market. In the next few paragraphs, EDUopinions is going to present the 5 most affordable Masters in International Business and inform you about what you can do with such a degree.
Why Study International Business?
the benefits of studying International business
An MSc in International Business focuses on key business disciplines within an international context. The core areas of this subject are Foundations of Finance, Marketing, Supply Chains, Human Resources and Operations. By studying international business you:
- Gain an international perspective: It helps you to understand the international economy as you will study the global challenges companies face, looking at international boundaries, trade, etc. This level of problem-solving will broaden your view and help you understand different perspectives.
- Boost your employability: Since the MSc in International Business degree is a broad degree, it really helps you understand problems at a global level. This means any company can recruit you around the world. IBA graduates can look forward to a wide range of job opportunities in management, marketing, accounting, corporate finance, and more.
- Build your business knowledge: Since this degree is about management at the core, it will help you enhance your business knowledge. You will learn how to improve financial performances, research international competitors and redesign business processes.
Career options And Salaries for International business graduates
After graduating with a degree in International Business, you will be ready to work in entry-level positions as an International Human Resources Manager, International Training Manager, International Operations Manager. 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. A study by International Relations EDU said that a master’s degree can earn an annual average salary of $79,000.
MSc in International Business vs MBA in international business
Now you may be asking yourself: MSc in International Business or MBA in International Business? The basic difference between the MSc in international business and an MBA is that the MSc in international business is highly specialized and will allow you to focus almost exclusively on issues related to international business. However, an MBA offers a skill set that can be transferred to other areas of business.
Which are the 5 most affordable Masters in International Business?
Montpellier Business School
This programme at Montpellier Business school will enable you to develop a multinational leadership perspective. Plus, you will also gain skills that are required to become an international manager. The course includes international business, international marketing, behavioural focus, master’s thesis etc. This programme is 1 and a half years long and you can attend the classes on campus. The tuition fees for this programme is €9,264.
ALBA Graduate Business School
This course at the ALBA Graduate Business School is 12 months to 14 months long. This course is for students who are young graduates and are looking for an entry into the world of business. The focus is on developing well-rounded professionals with the knowledge and practical experience to launch yourself in business. This programme contains 9 core modules with 2 workshops. The average age of students in this course is 26 and the work experience is 3.6. Tuition fees for this programme are €12,500.
Niels Brock Copenhagen Business College
Located in Copenhagen, Denmark Neils Brock offers an MSc in International Business and Management. This is a one and half year programme which teaches you the skills you need for tomorrow’s jobs in Business & Management. The MSc International Business and Management (MSc IBM) programme is the first British De Montfort University Master of Science degree programme to also be offered at Niels Brock Copenhagen Business College. Tuition fees for this programme are €16,686.
School of Business, Economics and Law at the University of Gothenburg
Located in Gothenburg, Sweden, University of Gothenburg offers an MSc in International Business and Trade. The programme is 2 years long. This course takes an interdisciplinary approach which includes an understanding of the legal framework affecting international trade and foreign direct investment. Furthermore, the programme provides opportunities for fieldwork in an international environment and studies at designated universities abroad. The tuition fees for this programme are €15,536.
ICD International Business School
The MSc in International Business Development at ICD International Business School is offered in Paris and Toulouse, France. It is a full-time course which goes on for 3 semesters. This programme welcomes recent graduates from any academic background or professionals willing to improve their core global business skills. The focus is on strong technical skills in international trade. Plus you get to learn global strategies and focus on specific cases: Europe, China, India, etc. The Tuition fees for this course is €13,000.
If you are looking for a career in business for international markets, then there is no better course than an MSc in International Business. Not only it teaches you about business, but it also helps you learn about the global economy. This increases your employability plus makes you a true global citizen.