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What is International Business?


An international business program can open diverse career opportunities in a rapidly globalizing market. With numerous colleges offering specialized programs, you can tailor your education to meet industry demands. In addition to traditional campus-based options, Virginia schools also offer flexible online learning pathways. This allows you to manage your studies alongside work or personal commitments.

From understanding intercultural dynamics to mastering international trade laws, international business majors can equip you with the skills needed to thrive in today's connected world.

Overview of the International Business Field in Virgina


International business degrees are widely available in most states, and they can provide essential education for those entering the business world. With a degree in this field, you can expect to have access to a greater variety of roles and a better understanding of the importance of international business to global trade.

Common International Business Roles

When you pursue a degree in international business, you open doors to various career paths. These roles often include international trade specialists, foreign exchange consultants, and global supply chain managers. Smaller firms often require versatile employees who can handle multiple aspects of international operations. Larger companies might offer more specialized roles, allowing you to focus on niche areas within international business.

Why International Business is Key to Global Trade

Pursuing an international business degree in Virginia can position you at the forefront of global trade. This field is vital due to its impact on economic growth, cross-cultural partnerships, and international regulation compliance. Understanding diverse markets, trade laws, and economic policies enables you to make informed business decisions. This knowledge supports international businesses in navigating challenges and seizing opportunities in the global market. By mastering these skills, you help your future employers thrive in an interconnected world.

Online vs. Campus Program Benefits


Virginia offers a range of online programs that cater to students interested in international business. These programs provide flexibility and are designed to help you understand global markets, international trade, and multicultural business practices.

Studying Online vs. On-campus

When you choose an online international business degree in Virginia, you may have access to robust learning platforms like Canvas. As an online student, you can also benefit from flexible scheduling, which is ideal if you are balancing work and family commitments. You'll learn key international business concepts such as global management and logistics through interactive and engaging coursework.

On-campus programs offer a different experience. They provide face-to-face interactions and networking opportunities with peers and faculty. You'll have access to physical resources like libraries and study groups. On-campus learning can foster a sense of community and provide direct mentorship opportunities.

Both online and on-campus programs aim to equip you with skills for international business roles, such as understanding global markets and international regulations. Your choice between online and on-campus will largely depend on your personal and professional needs.

Online Educational Pathways for an International Business Degree in Virginia


Online Associate Degree in International Business (AS)

Pursuing an associate degree in international business in Virginia can be a great starting point. These programs usually take about two years to complete. Coursework includes basic business principles, economics, and global markets. Here, you can gain foundational skills that prepare you for entry-level positions or further study.

National online rankings - best online AS in international business

Online Bachelor’s Degree in International Business (BS)

A bachelor’s degree offers more in-depth knowledge and typically requires four years of full-time study. These programs usually cover global economics, cross-cultural management, international marketing, and international finance. This degree prepares you for mid-level management positions and opportunities to work with multinational corporations. Many students at this level also choose to study a foreign language to improve their chances of having a successful career.

National online rankings - best online BS in international business

Master’s Degree in International Business (MS)

For advanced career opportunities, consider a master’s in international business. These programs take about two years and require 30 to 48 credits. They often focus on strategic planning, global marketing, international accounting, business administration in the global marketplace, and leadership in international settings. Several universities in Virginia offer these programs, providing career advancement and specialized expertise.

National online rankings - best online MS in international business

PhD in International Business (PhD)

A PhD in international business is for those interested in research and academic careers. These programs usually take several years to complete and include coursework, research, and a dissertation. Subjects covered may include international business theory, advanced research methods, and global business policy.

Our business management resources guide Learn more on how to pay for college

International Business Certifications

Certifications can enhance your expertise in specific areas of international business. Programs like the Certified Global Business Professional (CGBP) certification can be completed online and typically require passing an exam. These certifications are useful for professionals looking to validate their skills and stand out in the competitive job market.

Financing Your Degree in Virginia


Affording an international business degree in Virginia involves understanding tuition costs, exploring financial aid options, and considering loans and grants. By being informed, you can find the best way to finance your online education.

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Tuition Costs, Financial Aid and Scholarships

Tuition in Virginia varies by institution. In-state public school students typically have lower tuition, around $9,375 per year on average, while private school students can expect to pay significantly more, averaging $32,825 annually.

These costs are why financial aid is crucial for many students. Virginia offers various merit-based scholarships for students with high academic credentials or even those focused specifically on students pursuing business degrees. Universities may also provide scholarships for students with particular interests.

Additionally, you can apply for need-based financial aid through the Free Application for Federal Student Aid (FAFSA). This can include Pell Grants, federal work-study funds, and state-specific grants. Scholarships from businesses and organizations focused on technology and business fields can also ease your financial burden.

Loans and Grants

If scholarships and financial aid aren't enough, you might need to consider loans and grants. Federal student loans generally offer lower interest rates and more flexible repayment options than private loans. They can be subsidized or unsubsidized, with subsidized loans not accruing interest while you are in school.

Federal and state grants don’t need to be repaid. Virginia residents can access state-specific grants aimed at supporting students in higher education. Research grants specifically for business technology degrees may also be available.

Private loans are another option, but they often come with higher interest rates and stricter repayment terms. Carefully compare the options and calculate the long-term costs before committing.

Consider all these options together to maximize your financial support and minimize debt.

Accreditation and Licensing


Ensuring your degree is accredited is crucial for validity and recognition. Accreditation from reputable bodies also ensures quality education standards are met.

Accrediting Bodies and Organizations

Accrediting bodies are important for verifying the quality of your international business degree. The Association to Advance Collegiate Schools of Business (AACSB) is a leading body that ensures excellence in business education globally. Schools accredited by the AACSB meet rigorous standards and often have a strong reputation in the job market.

Another key accreditor is the Accreditation Council for Business Schools and Programs (ACBSP). This organization focuses on teaching excellence and student outcomes. Programs accredited by the ACBSP emphasize quality and continuous improvement.

The International Accreditation Council for Business Education (IACBE) also certifies business programs, emphasizing academic quality and practical relevance. Accreditation from these organizations ensures your degree is respected and valuable.

When choosing an international business degree, look for schools accredited by these bodies. Accreditation can significantly impact your career trajectory and opportunities in Virginia and beyond.

Potential Career Options and Salaries for International Business Graduates


With an international business degree, you'll find various career paths in Virginia that offer competitive salaries. Here are some career options that you may be able to access throughout your career with various degrees in this field.

Human Resource Manager:

Job description: As a human resource manager, you’ll handle staffing, employee relations, and organizational development. This role usually involves recruiting international talent, managing cross-cultural teams, and ensuring compliance with global labor laws. Your expertise in international business can make you particularly valuable in multinational corporations, where navigating complex cultural and legal environments is crucial.

Requirements:

  • Bachelor's degree, 5 years or more work experience
  • Plan and coordinate an organization’s workforce to best use employees’ talents
  • Link an organization’s management with its employees
  • Plan and oversee employee benefit programs
  • Serve as a consultant to advise other managers on human resources issues, such as equal employment opportunity and sexual harassment

Median Salary: $136,350

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Fundraising Manager:

Job description: Fundraising managers focus on securing financial support for organizations. In this role, you’ll develop strategies to reach potential donors, plan fundraising events, and manage international campaigns. With an international business degree, you can leverage your knowledge of global markets and donor behaviors to enhance fundraising efforts for nonprofits, educational institutions, and charities.

Requirements:

  • Bachelor's degree, 5 years or more work experience
  • Plan, direct, or coordinate activities to solicit and maintain funds for special projects or nonprofit organizations
  • Assign, supervise, and review the activities of fundraising staff
  • Compile or develop materials to submit to granting or other funding organizations
  • Conduct research to identify the goals, net worth, charitable donation history, or other data related to potential donors, potential investors, or general donor markets

Median Salary: $133,620

Supply Chain Manager:

Job description: Supply chain managers oversee the production flow from raw materials to final products. Your responsibilities include coordinating with international suppliers, managing logistics, and improving supply chain efficiency. Your understanding of global trade and logistics can help companies reduce costs and improve delivery times, making your role essential in industries like manufacturing and retail.

Requirements:

  • Bachelor's degree, Growth Potential 18% (Much faster than average)
  • Determine appropriate equipment and staffing levels to load, unload, move, or store materials
  • Manage activities related to strategic or tactical purchasing, material requirements planning, controlling inventory, warehousing, or receiving
  • Select transportation routes to maximize economy by combining shipments or consolidating warehousing and distribution
  • Define performance metrics for measurement, comparison, or evaluation of supply chain factors, such as product cost or quality

Median Salary: $79,400 per year

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Chief Executive:

Job description: As a chief executive, you set the strategic direction of a company and make high-level decisions. You'll need to understand global markets, manage international teams, and navigate cross-border regulations. Your international business background can provide a strategic advantage in leading companies that operate on a global scale, ensuring they stay competitive in the international marketplace.

Requirements:

  • Master’s Degree, 5 years or more work experience
  • Determine and formulate policies and provide overall direction of companies or private and public sector organizations within guidelines set up by a board of directors or similar governing body
  • Direct or coordinate an organization's financial or budget activities to fund operations, maximize investments, or increase efficiency
  • Confer with board members, organization officials, or staff members to discuss issues, coordinate activities, or resolve problems
  • Prepare budgets for approval, including those for funding or implementation of programs

Median Salary: $258,900

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Frequently Asked Questions


What are the requirements for obtaining an international business degree?

To obtain an undergraduate international business degree, you generally need a high school diploma or equivalent. Some programs may require specific coursework in math or economics. You will also need to complete a set number of credits, typically around 120 for a bachelor's degree.

Are there colleges that offer accredited international business degrees in Virginia?

Yes, several colleges in Virginia offer accredited international business degrees. Old Dominion University and other institutions provide well-recognized programs that are accredited and respected in the business world.

Are there online programs available for an international business degree in Virginia?

Several Virginia universities offer online programs for international business degrees. These programs provide flexible scheduling options, making it easier to balance studies with other commitments.

How much will it cost to pursue an international business degree in Virginia universities?

The cost of pursuing an international business degree can vary widely. On average, tuition may range from $10,000 to $30,000 per year, depending on the university and specific program. Additional fees for materials and technology should also be considered.

How does obtaining certifications impact one's international business career in Virginia?

Obtaining certifications can enhance your career by providing specialized knowledge and skills. These certifications can make you more competitive in the job market and may lead to better job opportunities and higher earning potential.

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