a digitally-connected world business is conducted on a global scale and to stay competitive organisations need graduates with an understanding of international business operations
China, Japan, India, Canada and South Korea have economies that are among the world’s top ten (second, third, sixth, ninth and tenth respectively), reflecting the fact that the majority of gross domestic product (GDP) is now generated outside of the USA and Europe. This trend is set to continue, with Brazil, Australia and Mexico not too far behind taking position in the top 15.
International business programmes give students an understanding of the different business management practices found all over the world, and prepare them for graduate careers working abroad or in organisations that are engaged in business on a global scale.
Why choose international business?
‘I would argue that international business is absolutely central to the success of a company,’ says Mehmet Chakkol, course director of MSc International Business, University of Warwick. ‘The world is more connected than ever, so international trade and investment is not just the preserve of multinationals, small and medium-sized enterprises (SMEs) want to know how to trade abroad and need to know how to operate abroad if they are to grow.’
In a nutshell, students need to develop a global perspective to be successful in business. Studying international business allows you to see how globalisation has brought about an increasing ‘connectedness’ of businesses, markets, people and information across countries.
What’s more, the skills that you develop on a course of this nature are highly sought after by employers. This demand translates into varied opportunities in a range of settings and job sectors.
