For the first time in the history of international business and trade, a whopping amount of 32 trillion in trade happened internationally in the year 2022. This amounts to one-third of the total GDP of the world in 2022. International trade has been part of our economic system since the 2nd century BC with the first trade between China and Rome through the world-famous silk route. In the modern era, to understand the complexities of international trade, various International universities offer International Business courses. Courses fabricate in such a manner for students who can create a dent in cross-border trade through their knowledge, skills and expertise. 

Why study International Business Courses?

International business has become increasingly important in this globalized world. In this contemporary world of cut-throat competition, the market has unprecedented trends in foreign trade. It is essential to understand the economic, social, and political factors that shape international business. Here are some reasons why you should consider this course:

•  Knowledge: Formal education allows you to have basic to advance knowledge of the subject matter concern. 
• Career Opportunity: A formal degree or certificate helps to kick-start your career in international business. 
• Opportunity for better exposure: With this degree and certificate will help you to have a career in a company already established, which will provide better exposure depending on the size of the company.
• To start your own business: With this domain knowledge, you will be ready to establish your own business and venture into the international markets.

International Business Course Highlight

Courses with a specialization in International business are available in three categories, i.e., certificate courses, degree courses, and post-graduate certificate courses in foreign universities. Let's have a look at the degree courses below and their basic structure.

Best Universities for International Business Courses in the World 

Various B-schools and Universities offer certificate courses to degree courses on International business. Above mentioned universities are just a few best universities to give an overview. Foreign universities provide financial aid to international students to attract the finest talent from different parts of the world.

Level of Study

The level of Study for International business courses can be categorized into three different categories, i.e., certificate courses, degree courses, and postgraduate certificate courses.

Certificate courses: These courses require minimum education qualification of class 12th pass, language proficiency test, and some other basic requirements. These are less expensive compared to degree courses. With fees ranging from 6,000-7,000 to 15,000 USD. These courses can be persuaded with degree courses to have some extra leverage. These courses provide a wide range of specializations like global supply chain management and import-export specialization, and international business analysis. The duration of these courses can be from 1 to 3 years.

Degree courses: Degree courses can be divided into three subheads; undergraduate, master's, and doctorate. These programs provide in-depth knowledge and research opportunities. Degree program lies on a bit of an expensive side ranging from 18,000-60,000 USD or even more, but universities have large chunks of the reserve to provide financial aid to international students.

Undergraduate: These are highly common programs but with high ROI. These courses have a minimum requirement of class 12th qualification, language proficiency test to highly competitive test, and are of a 4-year program. The main advantage of these programs is that they provide opportunities to explore a wide variety of specializations, such as international finance, customs and excise, and Global Management. With fees ranging between 18,000-60,000 USD.

Masters: These are highly specialized courses curated to cater to the care they need of the competitive needs of the market. These courses have a minimum qualification of an undergraduate degree and language proficiency for a rigorous application process to get into the best universities. These programs are for 1-3 years.

Doctorate program: The doctorate program is a rigorous yet research-oriented program of 3-7 years which provides multiple research opportunities at various levels.

Postgraduate certificate courses: these courses provide specialization in a specific subject matter, minimum qualification of undergraduate is required. The period ranges from one year to 2 years and is less expensive than a master's degree program.

Job Scope for the Specialization

Cross-border trade is a huge market and the best industry for individuals interested in international trade. Here are some of the well-known career options.

1) Logistic and supply chain manager: A logistics and supply chain manager handles the movement of goods across the border through trucks and ships, ensuring timely delivery, efficiency in operation, and cost-effective manner of movement of goods. This deals with the transportation of goods and customs clearances.

2) International Sales Manager: Deals with the sale of goods and services to foreign country clients. This career is a very lucrative option with a lot of exposure and client dealing. From developing sales strategies, and customer relations to researching new markets, this job provides a lot to learn.

3) International Business Development Manager: International Business Development Manager is responsible for identifying opportunities and potentially global markets and works according to market trends. This career option gives a holistic view of the industry.

4) Import/Export Specialist: An Import/Export Specialist is responsible for managing all the legal customs duties, transportation & logistics, and clearances required for goods and services to be traded.

5) Customs Broker: Customs Broker oversees the export and import regulation of the trading country and helps business firms to navigate through the complex paperwork involved. 

6) International Trade Consultant: A cross-border trade consultant helps to conduct complex cross-border trade and provides consultation and guidance to clients on how to expand their business globally.

7) Trade Analyst: A Trade Analyst is a person who studies the business or trade pattern and analyzes economic indicators to predict the future. This analysis helps the business firm to make an informed decision to avoid any losses due to uncertainties.