International business is a subset of business management as a whole, and typically International Business program is found in the business schools of most universities that have that program. As the name indicates, this field focuses on the intricacies of doing business internationally. This includes cross-border trade, management of multinational corporations, foreign business and tax laws, international marketing, and all other aspects of doing business internationally.
Increasingly the global economy has become internationalized, with manufacturing being done in multiple countries, and final assembly in the United States or elsewhere. This trend is likely to continue as new technologies such as new communications and distribution systems have reduced the transaction costs of doing business with far away people and in different cultures and legal systems.
Ranking the 20 Best Colleges for International Business Majors
In analyzing the colleges International Business schools we have considered the breadth of their international program, applying our RealRankTM methodologies.
|1||University of South Carolina||Columbia||SC|
|2||University of Pennsylvania||Philadelphia||PA|
|3||Florida International University||Miami||FL|
|4||New York University||New York||NY|
|5||University of Southern California||Los Angeles||CA|
|7||Arizona State University||Tempe||AZ|
|8||University of Texas||Austin||TX|
|9||George Washington University||Washington||DC|
|10||University of Michigan||Ann Arbor||MI|
|11||San Diego State University||San Diego||CA|
|12||University of California - Berkeley||Berkeley||CA|
|13||University of Georgia||Athens||GA|
|14||University Of Wisconsin||Madison||WI|
|15||The Ohio State University||Columbus||OH|
|17||University of Washington||Seattle||WA|
|18||Washington State University||Pullman||WA|
|20||University of Miami||Coral Gables||FL|
More information on the RealRank analyses used in creating this ranking can be found on the About page. The underlined colleges link to our ranking profile specific to that institution. If your college is not profiled as yet, contact us using the contact form.
What is an International Business Major
As its name implies, international business focuses on cross-border business / trade, and on organizations that may have operations in multiple countries. We expect the top colleges in this field to not only teach the intricacies of international trade and organizations, but also develop a clear understanding the diverse cultural differences involved in doing business with people of different national backgrounds, and different legal systems. Courses may include subjects such as:
- International Trade and Transactions
- International Accounting
- Transfer pricing
- Management of multinational organizations
- International Finance
- Global business strategy
- Regional Specializations, such as Latin America business, Africa, European Union, China, Japan and so on.
International Business Careers
There are a wide range of business, finance and accounting related careers available to students who major in International Business. Many people in the field may also pursue an MBA, or go to law school. For those entering the business world after graduation, an advanced degree, like an MBA can open up opportunities for corporate advancement, although it is not necessarily required or even economically profitable to pursue.
- International trade.
- Business careers in any business dealing internationally.
- Government jobs dealing with foreign trade and affairs.
- Marketing, manufacturing and R&D management.
- Transfer pricing analyst.
- Business Finance.
- Corporate Training.
- Strategic Planning.
- Multinational business accounting.