The next step after grad school- What can I do with a master’s in international business?
India has been a paramount example of how budding economies can go superpower real quick. We, as a nation, over the past seventy years have progressed from a one trillion dollar economy in the initial sixty to doubling down as a two trillion dollar economy in 2014, and just five years down the line in 2019, we are a three trillion dollar economy. The growth is phenomenal, but it could never achieve the exponential growth it has witnessed in the past two decades without the metamorphosis of the global businesses and the platform for new businesses to achieve rapid expansion and scale, developing with the economic environment.
With a second industrial revolution on the horizon with robotic process automation and the internet of things taking these businesses to the seventh ‘cloud’ (pun intended), time’s ripe for the next batch of professionals to develop a global outlook in order to be successful in the long run. International business as a master’s degree comes into play here. The program felicitates the students to keep up with the globalization and surges in the interconnectivity of different businesses, markets, experts and most importantly information flow.
International business is a course for graduates with no prior experience in economics and business. It starts at the grassroots concepts of business economics, environment and marketing, the bread and butter of any organization. Paired with a dive into business strategies and risk management, it is the culmination of an effort on the part of the academics to produce professionals that can meet the standard that’s been set by the current industry.
So, now that we’ve established who the master’s program is for and just how crucial it is in the current landscape let’s talk work- Just what can you do after the course ends? The answer to that question is that so long as you have a clear vision for the future, the possibilities are endless for you.
There is the profile of a management analyst. The national average ranges from seven to seven hundred and fifty thousand rupees per annum. While the job itself demands a clean analysis of issues and problems that might be in the way of the organization and possible solutions to them. Analysts also bridge the gap between the clients and the organization by helping them implement smart solutions and recommendations.
There’s also the possibility of becoming a Mediator, helping firms reach a mutual agreement or a marketing executive- helping the clients understand the benefits of the firm’s services or product and possibly landing a deal with a lasting business relationship. Auditors also require a degree in international business to evaluate records and conclusively report on the legality of the accounts.
Or the counterpart to an auditor- A compliance officer makes sure the firm is all set for audits and doesn’t break any existing regulations and licensing agreements. They conduct internal audits to limit and manage legal risks to the firm’s operations.
While all these profiles range anywhere from seven to nine hundred thousand rupees per annum, there’s a definite boost towards landing a high-performance profile like a supply chain manager or a business development manager. Both of these and their contemporary profiles require an in-depth understanding of business strategies, negotiation and marketing techniques.
The development has retention and scale written all over it and to expand a business or make difficult decisions such as laying off employees or liquidating assets requires a level of foresight that’s rare without some prerequisite knowledge on the matter- precisely what the course does for the students.
Finally, it is easy to overlook the big picture when you have a narrow vision. This masters program enables you to expand your skillset with effective management and development tools that will surely make you the right fit in the employer’s search for experts that can hold their own at a demanding position, sometimes managing multiple businesses. It also qualifies you to climb the corporate ladder faster than your counterparts and reach the top as the Chief Executive Officer if you can persevere with hard work and dedication.
The possibilities are endless, MNCs in markets like the UK, Japan and Canada are actively looking for graduates that can fulfill the aforementioned profiles and with the evolving economies of the world, there will be a constant demand for International business graduates in the foreseeable future. We are on the road to being evaluated at five billion dollars in the next decade. It will be a milestone for the great Indian economy. It is up to you to figure out what role you want to play in taking it to the next level.
