Compare Popular Online International Business Programs
What is International Business?
Pursuing an international business degree in Tennessee offers you a pathway to becoming a well-rounded business professional with a global perspective. Universities across the state provide comprehensive programs where you can earn a bachelor’s in business administration, focusing on international business degree often coupled with another functional business major. Tennessee's academic institutions emphasize the importance of global commerce and prepare students to navigate the complexities of international markets.Â
As a student in Tennessee, you will have the opportunity to immerse yourself in diverse cultural experiences which are integral to understanding international business in real-world scenarios. Institutions in TN pride themselves on their ability to personalize these experiences to align with your academic goals and financial needs. Tennessee's traditional and online educational offerings can be designed to equip you with the skills necessary to thrive in a global business environment.
Understanding International Business
When you pursue an international business major, you delve into the commercial activities that cross borders and the various environments these operations navigate.
Fundamentals of International Business
International business encompasses the exchange of goods, services, technology, capital, and knowledge across international borders. It's essential for you to understand the core concepts, which include trade laws, foreign investments, currency exchange rates, and cultural differences. Below is a brief overview:
- Trade Laws: Knowledge of diverse regulatory landscapes is vital
- Foreign Investments: Understanding investment strategies and risks in various countries
- Currency Exchange: Becoming familiar with the financial impact of fluctuating exchange rates
- Cultural Differences: Mastering cultural nuances that can influence business transactions
As an international business degree major, you will study these concepts deeply to effectively manage and operate in the international marketplace.
Global Business Environments
The global business environment is dynamic and multifaceted. Your education will focus on the economic, political, and cultural contexts within which international businesses operate. Key areas include:
- International Trade: Grasping how trade agreements and tariffs impact business
- Global Economics: Analyzing economic trends and their effects on international business
- Foreign Regulations: Navigating legal requirements for operating businesses internationally
- Cultural Norms and Practices: Communication and negotiation tactics vary greatly by culture, and your success hinges on understanding and respecting these differences
This knowledge equips you with the skillset to anticipate and respond to the complexities and opportunities that arise in international markets.
Online International Business Programs
When considering an international business degree in Tennessee, you have the flexibility to choose between online and traditional on-campus learning experiences tailored to your lifestyle and goals.
Choosing Between Online and On-campus Platforms
When venturing into the realm of an international business degree, understanding the differentiation between online and on-campus platforms can help you choose which option is best for you. Online programs offer you the convenience of accessing coursework from anywhere with internet connectivity, which can be particularly advantageous if you have personal or professional commitments that make attending classes in person a challenge. On the other hand, on-campus programs provide you with a structured environment and the opportunity for direct interaction with faculty and peers.
- Flexibility: You control your schedule, allowing for a balance between work, life, and education.
- Resources: Access to digital libraries, online journals, and virtual networking events.
- Technology: Frequent use of learning management systems (LMS) for coursework and interaction.
Online Platforms:
- Structured Learning: Regular class schedules and physical presence in a classroom environment.
- Networking: Face-to-face interactions, which can be beneficial for building relationships.
- Campus Resources: Physical access to facilities such as libraries, study groups, and cultural events.
On-campus Platforms:
Your role in international business will call for a keen understanding of global markets and cross-cultural communication, regardless of the platform you choose. Whether online or on-campus, the program should prepare you to manage and strategize business operations in a global context.
Online Educational Pathways for an International Business Degree in Tennessee
Online Associate Degree in International Business (AS)
An associate degree in international business sets the foundational knowledge necessary for entry-level positions in global trade. Typically, such programs span two years and are available through community colleges or online universities. An associate degree in international business typically includes a mix of core business courses and specialized courses focused on international business practices. While the specific curriculum may vary by institution, you might take courses focused on management, business law, economics, business communications, business mathematics, international marketing, global supply chain management, business strategies, global entrepreneurship, etc.
National Online Rankings - Best Online Associates in International BusinessOnline Bachelor’s Degree in International Business (BS)
Progressing to a bachelor’s degree in international business provides a deeper dive into economic, legal, and logistical aspects of operating across borders. A bachelor's degree, often spanning four years, will cover many of the same general education courses as an associate degree, unless you have transfer credits from a previous program. After this, you will take core courses in business and international-focused topics. You may have access to internships or study abroad opportunities, depending on the program and institution you choose. Many students at this level also choose to learn a foreign language to support their future roles with multinational corporations; you may want to consider a double major in political science, a foreign language, or other options that can support business activities.
National Online Rankings - Best Online Bachelors in International BusinessOnline Master’s Degree in International Business (MS)
With a focus on leadership and advanced expertise, a master’s degree in international business can often be earned in one to two years. MBA programs include a robust curriculum with optional practicums to gain real-world international business exposure in the global economy. You may also have access to internship opportunities at this level through a college of business or other graduate program.
National Online Rankings - Best Online Masters in International BusinessOnline PhD in International Business (PHD)
For those seeking academic or advanced professional positions, a PhD in international business stands as the pinnacle of educational achievement. These programs are intensive and research-focused, with graduates able to find roles in consulting or college-level teaching and research.
Our business management resources guide Learn more on how to pay for collegeOnline International Business Certifications
Beyond degrees, international business certifications offer targeted knowledge that can enhance your resume and expertise in particular areas of interest. These may include certifications in export compliance, supply chain management, or international trade finance.
Financial Aid and Scholarships
Pursuing an international business degree in Tennessee opens a window to numerous financial aids and scholarships that can make the journey more affordable. Understanding the various options for tuition assistance and types of available aid can provide the financial support you need to advance in international business roles.
Find Online International Business Schools
Tuition Cost and Fees
The cost of tuition for an international business degree can vary widely. Public institutions may offer lower tuition rates for in-state students compared to private schools. For example, in-state public school students might pay an average closer to $10,000 per year, whereas private school students could be looking at around $30,000 or more annually.
Fee Breakdown:
- Tuition: This is the primary cost of your education and is often listed as per credit hour or per semester. This cost can vary depending on the level of education you are looking to earn or your program of choice.
- Technology Fee: Typically applicable for online courses to support digital learning platforms, though these fees may also be applied to on-campus computer labs.
- Books and Supplies: Costs for textbooks and other necessary materials; these may be included in some online programs.
Remember to check if your chosen university offers flat-rate tuition, which can save money if you take more credits per term.
Loans and Grants
Loans are federal or private funding options that you'll have to repay, typically with interest. Federal student loans usually offer lower interest rates and more flexible repayment options. Applying for loans requires filling out the Free Application for Federal Student Aid (FAFSA).
Types of Federal Loans:
- Subsidized Loans: Interest is not applied to the cost of the loan while you're in school
- Unsubsidized Loans: Interest accrues while you're in school, but payment can be deferred
On the other hand, grants are a type of financial aid that you do not need to repay. These are often based on financial need, academic merit, or particular demographics.
Examples of Grants:
- Federal Pell Grant: For undergraduate students who display exceptional financial need
- TEACH Grant: For those who intend to teach in a high-need field in a low-income area
Grants and scholarships can be a significant aid, not only to alleviate the immediate financial burden but also to reduce potential debt post-graduation, leaving you in a stronger financial position as you embark on your international business role.
Accreditation and Licensing
When pursuing an international business degree, accreditation is crucial. It ensures that your education meets quality standards and is recognized by employers.
Accrediting Bodies and Organizations
Accrediting agencies play a pivotal role in the validation and recognition of degree programs. For an international business degree in Tennessee, ensure your program is accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC). This is the regional accreditor for the state, approved of by the US Department of Education.
As for accreditors of business education, here is a shortlist of the top programmatic accreditors:
- AACSB (Association to Advance Collegiate Schools of Business): Known globally, AACSB accreditation is a hallmark of excellence in business education.
- ACBSP (Accreditation Council for Business Schools and Programs): Focuses on teaching excellence and student outcomes.
- IACBE (International Accreditation Council for Business Education): Recognizes programs that contribute to the development of business professionals through emphasis on teaching and learning.
Being enrolled in an accredited program ensures the value of your degree in the job market and can be essential for transferring credits or pursuing further education. Additionally, licensing isn’t typically required for business professionals with the exception of certain specializations that may demand specific certifications.
Potential Careers and Salaries for International Business Graduates
Earning an international business degree in Tennessee can open doors to diverse and lucrative career paths. Your degree qualifies you for analytical and leadership roles poised for global business landscapes. Here are just a few roles you might be prepared for at some point in your career.
Budget Analyst:
Job Description: As a budget analyst, you'll manage your organization's financial plans. You play a crucial role in allocating resources effectively and will often engage with various departments to create and review budget proposals. Precision and an analytical mindset are key skills in this role.
Requirements:
- Bachelors in business, Growth Potential 3% (As fast as average)
- Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports
- Work with program and project managers to develop the organization’s budget
- Review managers’ budget proposals and funding requests for completeness, accuracy, and compliance with laws and other regulations
- Combine program and department budgets into a consolidated organizational budget
Median Salary: $90,880
Learn moreManagement Analyst:
Job Description: Your expertise in international business can propel you into a management analyst position, where you'll advise on improving organizational efficiency. You'll analyze business practices and recommend changes to enhance productivity, often requiring travel and cross-cultural communication skills.
Requirements:
- Bachelor's degree, Less than 5 years work experience
- Conduct organizational studies and evaluations, design systems and procedures, conduct work simplification and measurement studies, and prepare operations and procedures manuals to assist management in operating more efficiently and effectively
- Gather and organize information about the problems to be solved or the procedures to be improved
- Interview personnel and conduct onsite observations to determine the methods, equipment, and personnel that will be needed
- Analyze financial and other data, including revenue, expenditure, and employment reports
Median Salary: $115,530
Training and Development Manager:
Job Description: In this role, you'll be responsible for planning, directing, and coordinating programs to enhance the knowledge and skills of an organization's employees. Your international business background is vital for delivering training that considers global business trends and practices.
Requirements:
- Bachelor's degree, 5 years or more work experience
- Plan, direct, or coordinate the training and development activities and staff of an organization
- Review and select training materials from a variety of vendors
- Update training programs to ensure that they are relevant
- Teach training methods and skills to instructors and supervisors
Median Salary: $138,450
Learn moreSales Manager:
Job Description: Your role as a sales manager involves directing an organization's sales teams. You'll set goals, analyze data, and develop training programs for sales representatives. An understanding of international markets and consumer behavior will be critical to your success in this role.
Requirements:
- Bachelor's degree, Less than 5 years work experience
- Plan, direct, or coordinate the actual distribution or movement of a product or service to the customer
- Resolve customer complaints regarding sales and service
- Prepare budgets and approve expenditures
- Monitor customer preferences to determine the focus of sales efforts
Median Salary: $157,610
Learn moreFrequently Asked Questions
What are the requirements for obtaining an international business degree?
To enroll in an undergraduate international business degree program in Tennessee, you will typically need a high school diploma or equivalent. Most universities also require SAT or ACT scores for admission. Depending on the institution, you may have to complete general education courses alongside business and international relations courses. Some programs may require proficiency in a second language and coursework in global economics, cross-cultural management, and international law.
Can I complete an international business degree online from a school in Tennessee?
Yes, online international business degree programs are available in Tennessee. These programs offer flexibility to complete courses virtually, which is beneficial if you are balancing education with work or other commitments. Be sure to verify the accreditation of the online program before enrolling to ensure that it meets academic and professional standards. Options may include programs from the University of Tennessee – Knoxville, Tennessee Tech University, etc.
Do I need to obtain certifications to enhance a career in international business?
While not always necessary, certifications can enhance your international business career by attesting to your specialized skills and knowledge. Certifications in areas such as international trade, supply chain management, or intercultural communication can make you a more attractive candidate to potential employers. These credentials often signal to employers a dedication to your field and a commitment to continuing education.
What are the benefits of having an international business degree in the job market?
An international business degree can enhance your credibility and appeal in the job market by demonstrating your ability to navigate the complexities of global commerce. It signals expertise in areas like international finance and marketing and generally provides a competitive edge when seeking employment. The adaptability shown through online study is often valued by employers operating in a globalized economy.