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International Business Salaries
International business offers a multitude of career opportunities with varying salaries that will depend on your field, education, experience, and more. The exciting thing about international business is that you can take your skills just about anywhere.
A Wide Range of Salaries
There are many careers to choose from in international business—accounting, finance, and marketing to name a few. Here's a look at median annual salaries for some common roles from the U.S. Bureau of Labor Statistics (BLS).
|Career||Median Annual Salary|
|Human Resources Managers||$126,230|
|Accountants and Auditors||$77,250|
Factors that Influence Salary
The duties and responsibilities that come with a role can significantly influence your salary. But there are other factors that also matter.
What's the Job Outlook for Careers in International Business?
Jagodka, who has extensive professional experience in international business management in the private sector, says there's limitless potential for a career in international business. As more developing countries grow and expand their international business needs, there are more opportunities for professionals in all specialties. "Because of globalization, international business is infused in almost everything we do," says Jagodka.
Job Outlook Comparison Through 2030
The BLS projects overall job growth for the decade at 7.7%. Growth for some business professions is in line with that projection, but others far outpace it:
How Much Competition Will I Face in the Job Market?
Your education will provide you with knowledge and expertise, but real-world experience is crucial to learning your profession and commanding higher salaries as you move up.
The more knowledge and experience you have with computers and software, as well as working and interacting with people, the better.
Similarly, you will need to prove your tech-savvy and willingness to keep up with new processes and systems that emerge for communication and business management. The more knowledge and experience you have with computers and software, as well as working and interacting with people, the better.
Having traveled, studied, and worked in countries outside the U.S. will complement your knowledge and professional skills. "When you have a full multicultural background, the people hiring for positions are going to look at you as a person that has the ability to adapt to different cultures and different situations and different locations, so if they send you anywhere, you're going to do fine," says Jagodka.
Written and reported by:
With professional insight from:
Ralph Jagodka, MBA, EdD
Professor of Business Management, Mt. San Antonio College