Masters in International Business Online Degree Programs of 2022

Master's Degree in International Business Career Options & Salary

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Are you considering enrollment in an online master of international business (MIB) degree program? If you have an interest in business and want work internationally, this may be an ideal field of study. While curriculums vary from institution to institution, most programs strive to turn business learners and professionals into leaders who possess an understanding of various cultures, global markets, and world economies. Graduates often have numerous opportunities to utilize their skills around the world, with careers available with consulting firms, logistics companies, global organizations, and international non-profits.

Notably, there are many different career options available to master of international business graduates. Some of the most prominent job roles include international marketing director, financial controller, international economist, business development manager, international trade manager, policy advisor, and management analyst.

Graduates can also choose to continue their educations by enrolling in doctorate or PhD degree programs. Various professional certificates and credentials are also available, both of which may also assist with career advancement.

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Requirements of a Master’s Degree?

Master’s degrees are academic degrees awarded by academic institutions after the completion of specific courses of study to demonstrate mastery of a designated field of study or area of professional practice. They are generally designed to provide students and current professionals with a more in-depth assessment of their chosen fields. Whereas both associate and bachelor’s degrees require general education courses, graduate programs consist solely of subject-specific instruction and cover the most relevant topics in greater depth. Coursework typically helps those enrolled expand upon their foundational knowledge and further develop the skills necessary to lead successful careers.

Most master’s degrees consist of between 30 to 60 credit hours of coursework, which takes full-time students approximately two years to complete. Notably, some colleges and universities offer accelerated programs that can take as little as a few months to finish. These often, however, require students to enroll in more courses each semester and will not be an option for part-time learners.

Graduate programs are available in both traditional and online formats. It’s worth noting, though, that some fields of study are not as well suited to distance learning as others. As a result, some in-person instruction or short-term residencies may be required.


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What are the Best Online International Business Master's Programs?


1

University of New Hampshire

  • Net Price: $24,847
  • Retention Rate: 86%
  • Graduation Rate: 76%
  • Total Enrollment: 14,348
  • Undergrad Students: 11,787
  • Graduate Students: 2,561
  • Grads Salary: $74,000
  • Student-to-faculty: 16:1
  • University of New Hampshire
2

Florida International University

  • Net Price: $9,398
  • Retention Rate: 91%
  • Graduation Rate: 67%
  • Total Enrollment: 58,836
  • Undergrad Students: 49,049
  • Graduate Students: 9,787
  • Grads Salary: $66,000
  • Student-to-faculty: 25:1
  • Florida International University
3

University of Scranton

  • Net Price: $35,913
  • Retention Rate: 89%
  • Graduation Rate: 79%
  • Total Enrollment: 4,957
  • Undergrad Students: 3,658
  • Graduate Students: 1,299
  • Grads Salary: $71,000
  • Student-to-faculty: 12:1
  • University of Scranton
4

Oklahoma Christian University

  • Net Price: $19,807
  • Retention Rate: 78%
  • Graduation Rate: 56%
  • Total Enrollment: 2,055
  • Undergrad Students: 1,755
  • Graduate Students: 300
  • Grads Salary: $74,000
  • Student-to-faculty: 15:1
  • Oklahoma Christian University
5

California Lutheran University

  • Net Price: $29,669
  • Retention Rate: 79%
  • Graduation Rate: 71%
  • Total Enrollment: 4,027
  • Undergrad Students: 2,804
  • Graduate Students: 1,223
  • Grads Salary: $73,100
  • Student-to-faculty: 14:1
  • California Lutheran University
6

Florida Atlantic University

  • Net Price: $8,771
  • Retention Rate: 82%
  • Graduation Rate: 55%
  • Total Enrollment: 30,805
  • Undergrad Students: 25,457
  • Graduate Students: 5,348
  • Grads Salary: $68,000
  • Student-to-faculty: 22:1
  • Florida Atlantic University
7

Troy University

  • Net Price: $12,486
  • Retention Rate: 77%
  • Graduation Rate: 52%
  • Total Enrollment: 16,497
  • Undergrad Students: 12,712
  • Graduate Students: 3,785
  • Grads Salary: $67,000
  • Student-to-faculty: 18:1
  • Troy University
8

University of North Carolina at Greensboro

  • Net Price: $9,950
  • Retention Rate: 81%
  • Graduation Rate: 58%
  • Total Enrollment: 19,764
  • Undergrad Students: 15,995
  • Graduate Students: 3,769
  • Grads Salary: $60,000
  • Student-to-faculty: 16:1
  • University of North Carolina at Greensboro
9

National University

  • Net Price: $9,966
  • Retention Rate: 45%
  • Graduation Rate: 47%
  • Total Enrollment: 18,070
  • Undergrad Students: 8,441
  • Graduate Students: 9,629
  • Grads Salary: $78,000
  • Student-to-faculty: 16:1
  • National University
10

Fort Hays State University

  • Net Price: $13,788
  • Retention Rate: 73%
  • Graduation Rate: 50%
  • Total Enrollment: 14,102
  • Undergrad Students: 11,402
  • Graduate Students: 2,700
  • Grads Salary: $64,000
  • Student-to-faculty: 19:1
  • Fort Hays State University
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Where Do You Earn a Master’s Degree?


Masters degrees are most commonly offered by traditional, four-year colleges and universities. These may be public or private institutions, with either large or small campuses. This means prospective students can often choose schools that fit their personal and academic learning preferences.

It’s worth noting that large, and often public, colleges and universities are likely to offer a wider variety of master degree programs. These institutions also tend to provide students and alumni with more extracurricular activities including resources, organizations, athletics, and group events. The facilities available may be more plentiful and updated as well.

Attending smaller colleges or universities also has its benefits. These schools typically offer a more intimate academic setting, with plenty of opportunities to work closely with instructors and participate in numerous interests. Prospective students should also be aware that many smaller institutions are privately managed and often charge higher tuition rates.

Online Vs. Traditional Education in International Business


There are many colleges and universities that offer online international business degrees throughout the world. Prospective students are sometimes concerned that remote learning programs may be less valuable than traditional, in-person degrees. While there are some exceptions in predominately technical fields, most academic institutions work hard to ensure distance learners receive the same quality education available to students attending classes on their campuses.

Ultimately, whether or not online learning is an appropriate means of acquiring an education usually depends on personal preference. There are, however, some significant differences between the online and traditional education that prospective students should be aware of.

Online international business programs offer more flexibility for students with personal and professional obligations that limit their abilities to attend classes in person. This is particularly relevant to current workers wanting to further advance their careers. They also tend to cost less, as virtual learners are often exempt from a variety of campus-based fees such as activity charges, parking permits, housing, and meal plans.

Traditional international business programs, on the other hand, offer far more opportunities to network with current and future professionals in the field. This can be significant, as connections with other experts can prove to be extremely beneficial in the business world. Studying in-person also provides students with more opportunities to interact directly with professors, which is helpful for some learners. Additionally, those attending classes on campus have easier access to various academic resources and career services that may make finding internships and employment easier. While many institutions have job placement departments dedicated to career development, not all of them are equipped to provide these services virtually.

Alternatively, students can enroll in hybrid degree programs. This option attempts to bridge the gap between online and traditional education by combining the flexibility of remote learning with opportunities to interact directly with instructors and cohort members. Hybrid programs often consist of primarily distance learning courses but require students to attend periodic sessions on campus. These short residencies have a smaller impact on busy schedules and allow for in-person instruction, peer interaction, and hands-on practice.

What Are the Prerequisites for an International Business Masters?


Those interested in earning an online master’s degree in international business will need to obtain bachelor’s degrees first. Once this is accomplished, graduate candidates should expect to meet several more admissions requirements.

Every institution has different expectations, but most require candidates to have the following:

  • Official Transcripts from an Accredited Institution (ex. Bachelor's in International Business)
  • Minimum Grade Point Average (GPA)
  • Minimum Graduate Management Admission Test (GMAT) Scores
  • Letters of Recommendation
  • Personal Statement and/or Resume

Applicants may also need to submit additional paperwork, pay application fees, and/or arrange financial aid. It is recommended that students complete and submit FAFSA documents each year. Additionally, prospective students may need to complete one or more prerequisite courses. This is typically necessary when entering graduate programs that are unrelated to degrees previously earned.

It’s also not unheard of for some colleges and universities to require master of international business (MIB) and master of business administration (MBA) candidates to have a minimum number of years of professional experience prior to enrolling. Specific regulations vary, but internships often satisfy this requirement.

Why Earn a Master’s Degree Online?


There are several significant reasons why people choose to pursue master’s degrees. One of the most alluring benefits is higher pay potential. According to data provided by the US Bureau of Labor Statistics (BLS), those with graduate degrees tend to make more money than those with bachelor’s or associate degrees, as well as those with no higher education at all. Additionally, many professions pay employees more when they have a graduate degree.

Not only do professionals with master’s degrees often enjoy increased earnings, but they also tend to be more marketable with applying for jobs. Employers tend to give preference to individuals with more education, especially when hiring for supervisory positions.

Earning graduate degrees can also help current professionals specialize in particular areas within their fields. Many colleges and universities offer masters programs with concentrations, which make it easy to tailor courses to prepare them for specific professions. Similarly, graduate degrees can help current professionals change fields completely. Those who decide that their initial undergraduate degrees and professions are no longer satisfactory can enroll in master’s programs that lead to entirely different careers.

Further, master’s degrees are required in order to pursue higher education at the doctorate level. This is most pertinent to prospective students interested in international business research and/or higher education. Business executives, research analysts, and academic professors all tend to possess doctoral degrees.

Why a Master's Degree in International Business?


Earning an online degree in international business can lead to a wide variety of different career paths, including government work, global economics, and consulting. Graduates also tend to have knowledge and skills that can be applied to many industries, which significantly increases their competitiveness in the international job market.

Some top examples of high-demand employment opportunities available include:

  • International Marketing Director
  • Financial Analyst
  • Management Analyst
  • Analytics Manager
  • Business Development Manager
  • Supply Chain Director

Globalization is making international business education and experience increasingly popular, as expertise in these areas leads to a better understanding of the global business mindset. Professionals in this field also have insight into how consumers and businesses are connected across geographical boundaries, which can be extremely valuable to companies and organizations involved in international sales, international trade, and global marketing. Professionals with this type of academic background are, however, often able to find employment in almost any industry.

Other benefits to earning a degree in international business include a promising job outlook, exposure to other cultures, and lucrative pay potential. In fact, these programs are known to provide significant return on investment. Many potential professions offer above average earnings, as well as opportunities to obtain leadership roles within multinational and global organizations.

What’s Involved in a Master’s Degree in International Business?


Master’s degree programs in international business are typically designed to expose students to wide-ranging management topics that are examined from an international viewpoint. Various fundamental business principles and techniques are also taught with global perspectives in mind. Curriculums vary but tend to focus on the knowledge and skills that students will need to be successful in corporate careers within the United State and abroad. Graduates are typically prepared to navigate the complex world of international negotiating and strategy with professionals from many different cultures.

The composition of online international business programs can differ significantly from institution to institution. The largest difference is often the number of general business courses included in the curriculum. While some programs incorporate courses that cover fundamental concepts, others expect those enrolled to already possess a strong academic foundation in the field. Prospective students should consider this carefully when selecting graduate programs.

Common Courses

  • Foundations of Business Knowledge
  • Business from a Global Perspective
  • Challenges in International Business
  • Global Supply Chain Logistics
  • International Economics
  • International Financial Policy
  • Environment of International Business
  • Developing Global Markets
  • International Management Consulting
  • Global Business Strategy
  • Global Social Entrepreneurship
  • Macroeconomics
  • International Law

What to Consider When Choosing an Online Master’s Program in International Business


When deciding which online international business program to pursue, there are several important factors that must be considered. Every college and university is unique and in control of their curriculums. As a result, it’s often necessary to compare and contrast several significant factors including cost, location, and accreditation status.

Accreditation


The accreditation status of colleges and universities is one of the most vital elements to consider when choosing a master’s program for international business. Prospective students must realize that academic institutions are not required to go through any accreditation process. Most, however, choose to become either regionally or nationally accredited. The primary difference between these two options is whether or not professors possess doctorate degrees; while regionally accredited schools require this, nationally accredited institutions set their own education standards for instructors.

Notably, only regional accrediting agencies are overseen by the U.S. Department of Education and the Council of Higher Education Accreditation (CHEA). As a result, transferring credits earned at regionally accredited colleges and universities is often easier. Additionally, schools that lack proper accreditation may offer less financial aid options and do not always adequately prepare graduates for professional employment.

In addition to being accredited by national or regional agencies, academic departments can receive field-specific accreditation. The most prominent specialized accreditation organization for international business programs is the Association to Advance Collegiate Schools of Business (AACSB). Another viable option is the Accreditation Council for Business Schools and Programs (ASBSP).

Further International Business Education


Prospective students are not limited to earning master’s degrees in international business. Those interested in this field may also benefit from pursuing a master of business administration (MBA) degree in global management. Graduates are also qualified to enroll in doctoral programs and can obtain one or more professional certifications.

MBA


A master’s in business administrations (MBA) is one of the most popular degrees in the United States. Like most graduate programs, MBAs typically consist of between 30 and 60 credit hours of coursework that takes full-time students approximately two years to complete. Topics covered often relate to business and finance, but the knowledge and skills gained can prove invaluable in almost any workplace.

Earning an MBA can drastically increase employment opportunities, salary potential, marketability, advancement options, and job security. It is particularly well-suited for prospective students interested in establishing their own businesses. In addition to having the knowledge and skills necessary to perform most basic business and finance functions, graduates are typically qualified for supervisory roles in the field. Some of the most common employment opportunities include information technology manager, financial manager, industrial production manager, and management analyst.

Notably, some colleges and universities offer MBA programs with concentrations in international business. These prepare graduates to work in business administration on a global level. While those who earn bachelor’s degrees in subjects unrelated to business will benefit significantly from one of these programs, those who possess degrees in business or a related field should give preference to master of international business (MIB) programs instead.

Doctorate or PhD


PhD and doctoral degrees in international business typically prepare students for academic careers. While curriculums vary, most are meant to provide students with the knowledge and skills necessary to succeed as higher education professors rather than manage employees in a multinational corporation. Classes also help those enrolled develop a strong foundation for academic research.

Doctorate degrees in international business typically consist of between 90 and 120 credit hours and take full-time students four to seven years to complete. In addition to completing all required coursework, students often spend several years conducting independent studies before writing and defending dissertations to graduating boards.

Certification


In addition to international business degrees, students and professionals alike can choose to pursue various certifications. These credentials demonstrate expertise and allow for further specialization in particular facets of the field. They also often provide a competitive advantage when applying for jobs and can lead to more advancement opportunities with higher pay potential.

Many of these credentials are offered by business organizations and associations. The business filed is expansive, however, which makes certifications offered by private companies valuable as well. These often focus on a specific system or application. Both types generally require candidates to meet various standards that range from obtaining academic degrees to passing examinations.

Because international business professionals may be working in a wide array of industries, individuals must decide for themselves which credentials will be most beneficial and/or may align best with their personal interests.

Some common options include:

  • Certified Associate in Project Management (CAPM)
  • Certified Business Analysis Professional (CBAP)
  • Certified Supply Chain Professional (CSCP)
  • Project Management Professional (PMP)
  • Oracle Certified Professional (OCP)
  • Salesforce Certified Administrator

A particularly popular option is the Certified Global Business Professional (CGBP) credential offered by North American Small Business International Trade Educators (NASBITE) International. It is widely recognized as the standard of excellence in expertise and professionalism in international trade. Those with this credential are known to be competent in global business management, global marketing, supply chain management, and trade finance.

While the majority of international business employers do not require candidates to have specific certifications, some do. As a result, prospective professionals should always carefully review job descriptions prior to submitting applications.

Available Careers with a International Business Master’s Degree


There are numerous employment opportunities available to individuals who have master’s degrees in international business. Professionals in this field can often find work in a variety of industries including telecommunications, healthcare, finance, and insurance. Most are employed by private companies, though there can be a place for these professionals in non-profit environments.

While salaries and daily duties will vary, some of the most common professions available to graduates include:

  • International Sales and Marketing Manager
  • Financial Analyst
  • International Economist
  • Business Development Manager
  • International Trade Compliance Manager
  • Policy Advisor
  • Management Analyst
  • Sales Executive
  • Compliance Officer
  • Risk Management Director
  • Supply Chain Management Director
  • Compliance Officer
    Compliance officers supervise and handle issues related to compliance with laws and/or regulations. These professionals are often responsible for ensuring companies and organizations are up-to-date with licensing requirements. According to PayScale, compliance officers make an average base salary of $71,400 per year.
  • Financial Analyst
    Financial analysts study marketplace trends, demographics, and microeconomic factors. These professionals are responsible for helping companies and organizations make smart investment decisions. According to PayScale, financial analysts make an average base salary of $63,200 per year.
  • International Sales and Marketing Manager
    International sales and marketing managers secure and cultivate business relationships. These professionals meet with important clients to ensure company goals are being met According to PayScale, international sales and marketing managers make an average base salary of $78,950 per year.
  • International Trade Compliance Manager
    International trade compliance managers manage all compliance aspects of international trade for companies and organizations. These professionals are responsible for ensuring all company and government trade requirements are met. According to PayScale, international trade compliance managers make an average base salary of $90,000 per year.
  • Management Analyst
    Management analysts conduct organizational studies and evaluations to ensure efficiency and accuracy in all operations. These professionals generate regular reports on their findings for management. According to PayScale, the average yearly salary for a management analyst is $68,600.
  • Policy Advisor
    Policy advisors work with elected officials on special projects and campaigns. These professionals often perform research, write about their findings, and present reports to stakeholders. According to PayScale, the average yearly salary for a policy advisor is $75,750.
  • Supply Chain Management Director
    Supply chain management directors manage and organize all activities related to the products and goods maintained and supplied by their employers. These professionals play critical roles in the acquisition of the product, production, and distribution. According to PayScale, the average yearly salary for a supply chain management director is $129,350.

Salary Expectations


Overall, the earning potential for those with master’s degrees in international business is decent. According to PayScale, the average base salary for this level of education is $89,000 per year. Notably, this is the same average base salary reported for master of business administration (MBA) graduates as well. This means both degrees lead to salaries that are higher than the mean national annual wage of $56,310 reported by the Bureau of Labor Statistics.

While specifics can vary based on profession, graduates at this level tend to enjoy higher earnings than those with associate or bachelor’s degrees in the same field. It’s also important to note that salaries tend to rise in conjunction with years of experience. While early career employees tend to make less, after 10 years pay is likely to have increased. Once workers reach 20 years, they can generally expect significant wage gains.

Prospective professionals should also realize that earning positional is often tied to location. Some states offer better compensation for workers in this field than others. For business and financial occupations in the United States, prospects are best in California, New York, and Washington. Large cities, in particular, are promising. States like Mississippi and West Virginia, however, tend to pay much less.

Outlook


Overall, the outlook for professionals in this field is fair. According to the Bureau of Labor and Statistics (BLS), employment of business and financial occupations is projected to grow by 8% from 2020 to 2030. This is a bit faster than the national average for all professions and will result in about 750,800 new job openings.

Some sectors will see larger increases than others. Employment for logisticians, for example, is projected to grow 30% during the same timeframe. Management analysts are projected to see 14% growth and employment for advertising, promotions, and marketing managers is expected to rise by 10%.

The primary explanation for the anticipated job growth for business and financial occupations is mostly due to globalization, a growing economy, and a complex tax environment. Another significant contributing factor includes increasing usage of data and market research to understand product demand.

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