Business Careers offer more scope for career advancement globally than other areas. Other than monetary perks, a career in business brings professional respect, advancement, and opportunities to challenge your-self.
A business career offers flexibility in terms of the geographic location of work, age, and area of specialization, such as marketing, finance, human resources, accounting, and so on.
Within these areas, one can choose to study a specialized program or an interdisciplinary one. Some programs are more academic, while others focus on practical training. Business skills are easily transferable between industries and sectors as well.
Business degrees enhance the problem-solving skills of the candidates, aptitude to learn any topic, and the ability to work in a team. Strong leaders, financial advisors, managers, decision-makers, and entrepreneurs begin their careers with a business degree.
What you learn amidst BBA-IB academics?
Once students complete their BBA international business degree, they have scope for being recruited by national and global MNC’s. They can obtain career growth in diverse avenues such as banking, marketing, finance, operations, supply chain logistics, and many more fields. The course plan of BBA international degree prepares the candidates to deal with global business environments, international affairs, and skills to face business challenges all over the world.
The academic syllabus of the BBA IB degree broadly includes International Business Law, Business Communication, Business Mathematics, Accounting Fundamentals, Management practices and concepts, International Economics, International Banking and Finance, Organizational Behaviour, Management Accounting, International Marketing, Business Management, International Finance and many more.
At the end of the BBA IB course, the students would have gained the following:
- Comprehensive global exposure and knowledge of business standards across the world
- Detailed knowledge of Supply chain Management and International Trade.
- Hands-on, practical knowledge and industry exposure through their project visits, research studies, internships, and guest lectures from management gurus.
- Enhanced employability or soft skills that are essential for effective career growth.
- Learning of foreign languages of Europe and Asia required for global communication.
The BBA IB course offers the candidates the opportunity to become global administrators, get an understanding of eclectic cultures and different facets of organizational behavior, and gain a holistic approach towards evaluating international markets.
Various Dimensions to excel a career in International Business
As per the Bureau of Labor Statistics, there will be 8% growth in demand for over 6 lakhs business jobs till 2024.
In the current global economy, there is an ever-growing demand for individuals who can oversee international trade deals. Bachelor’s programs in International Business Administration’s courses will help graduates understand diverse cultures, geographies and markets. They can get a bigger picture of the business world and a unique global perspective.
Accounting and finance courses help in developing a career as a financial advisor for a company, tax and expenses advisor, manager for business transactions, or manager of mergers and acquisitions.
The BBA IB course stream provides the analytical skills and expertise for a career in business consultancy as well. Working in a team, the candidate can offer advice on techniques to optimize a project or a business venture. Since clients and projects vary, the professionals get fresh challenges every time. They can also combine their business knowledge along with a secondary field of interest such as logistics or engineering to offer specialized services.
There are also several opportunities in retail and sales for business degree holders. An individual with good knowledge of global markets is much in demand for travelling, office and shop based roles. You can fast-track your career in this area through several management training programs.
Other than the mainstream business careers, some unique options for professionals with an international business degree can be to work as a cultural advisor, a diplomatic associate, community developer in a government agency, or a stepping-stone towards a law degree.
Through the course streams in organizational behavior, global behavioral economics, and international marketing, the candidates get to attain both general and specific business skills.
Some other career options for international business graduates are roles in auditing, communications, energy, hospitality, IT, journalism, insurance, manufacturing, media, and public relations.
Career Avenues post BBA-IB
According to a report from the Burning Glass Labor Insight, over 57% of employees require a business graduate degree holder for international relation positions. A graduate degree in international business is one of the best ways to advance one’s career.
A global business career helps you cut across international boundaries to interact with clients and influence organizational outcomes. As the world economy is progressing quickly, many large corporations are looking to hire international business graduates for challenging roles and tasks. Although a BBA-IB degree opens a world of opportunities for an individual, here are the top 7 career avenues for an International Business Administration Degree holder:
Management Analyst
Consultants or Management Analysts create innovative ways of boosting the efficiency of an organization. They advise top management on solutions to enhance business performance, solve organizational bottlenecks, expansion ventures, and adoption of new technology. Some of the responsibilities of a management analyst are:
- Gather and analyze business data, expenditure, revenue, and employment reports.
- Determine how to reduce company expenses such as supply costs, staffing, and other financial expenses.
Coordinate with management staff overseas to solve company issues on a global level.
Marketing Manager
A marketing manager of a firm must know how to balance between business strategy and creative vision. They work with the other departments to visualize and create winning marketing campaigns.
They must be in touch with global sales and market trends to aid in developing products that can cater to an international audience. The responsibilities of a marketing manager include developing pricing strategy, overseeing budgets, analyzing international demand and leading campaigns across social and print media.
Executives
Executives can be chief operating officers or general managers depending upon the company size. They devise organizational strategies that align with the business objectives while managing employees and other resources. They divert the resources towards catering to global product demand, sign major trade contracts, analyze company financial reports, and identify avenues to cut costs and increase revenue.
The BBA-IB degree develops strong problem-solving and decision-making skills necessary for executive positions.Executives can be chief operating officers or general managers depending upon the company size. They devise organizational strategies that align with the business objectives while managing employees and other resources. They divert the resources towards catering to global product demand, sign major trade contracts, analyze company financial reports, and identify avenues to cut costs and increase revenue.
Banking Manager
Banking managers must be experts in international finance to drive organizational account initiatives. They specialize in loans, mortgages and oversee all banking services such as staff training, security plans, and customer service.
Human Resource Manager
Human Resources managers undertake the critical task of hiring employees, discuss business goals and act as an intermediary authority between top management and the staff. They work towards developing a global work culture in the organization, encourage employee development programs, and manage the diverse workforce. They supervise payroll, international staffing, productivity and strive to keep the workforce motivated.
Financial Analyst
Financial Analysts develop long-term plans to work towards the financial goals of a company. This role entails the candidate to possess both communication and technical skills which are a part of the BBA-IB curriculum. Financial Analysts focus on choosing foreign investment portfolios, evaluate financial decisions, follow global market trends, study, and prepare financial reports.
International Accounting Specialist
International accounting specialists are responsible for cross border accounting transactions necessary for international trade. They must have strong international accounting knowledge, trade laws and taxation rules.
Supply Chain Manager
Supply chain managers plan and assess all logistics involved in goods movement across global borders. Their duties include the purchase of raw materials, estimation of costs, inventory tracking, and rates negotiation.
Conclusion
An international business degree prepares a candidate technically and emotionally to face the business world in any country or economy. The BBA-IB course offered by MES Senior College, Pune, strives to offer global exposure to its students through the value-added course modules. The vast syllabus covering all areas of international business offers its students a significant head-start to their business career and helps them emerge as leaders in their domain.