An international business manager handles an organization's daily operations and business relationships on the global platform. They develop and implement marketing strategies to secure business growth and expansion in different countries. They typically work in large multinational corporations in large-scale industries like petroleum, telecommunications, and information technology.
They are responsible for coordinating with executive officers regarding forecasts and strategic plans in line with the organization's goals of seeking new markets and enhancing global profitability. Discussing and closing contracts with foreign clients are also among their significant duties.
They ensure the corporation's compliance with international procedures and protocols, along with cultural, environmental, and political considerations. Their professional domain extends to the execution of training programs for the corporation's leaders and recruitment of foreign personnel.
It takes a wide range of expertise to be an international business manager. They must have a comprehensive background and competitive intelligence in marketing, sales, finance, human resources. Excellent networking and cross-cultural communication skills are also necessary.
Pursuing this position requires advanced degrees. Most companies prefer candidates with a master's degree in international business or a related field. On average, they earn $31.05 an hour, which is equivalent to an annual income of $64,592.
There is more than meets the eye when it comes to being an international business manager. For example, did you know that they make an average of $41.94 an hour? That's $87,225 a year!
Between 2018 and 2028, the career is expected to grow 8% and produce 21,800 job opportunities across the U.S.
There are certain skills that many international business managers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed creativity, interpersonal skills and organizational skills.
When it comes to the most important skills required to be an international business manager, we found that a lot of resumes listed 15.2% of international business managers included financial statements, while 11.4% of resumes included business development, and 7.6% of resumes included international trade. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the international business manager job title. But what industry to start with? Most international business managers actually find jobs in the manufacturing and technology industries.
If you're interested in becoming an international business manager, one of the first things to consider is how much education you need. We've determined that 39.4% of international business managers have a bachelor's degree. In terms of higher education levels, we found that 46.6% of international business managers have master's degrees. Even though most international business managers have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become an international business manager. When we researched the most common majors for an international business manager, we found that they most commonly earn master's degree degrees or bachelor's degree degrees. Other degrees that we often see on international business manager resumes include associate degree degrees or diploma degrees.
You may find that experience in other jobs will help you become an international business manager. In fact, many international business manager jobs require experience in a role such as internship. Meanwhile, many international business managers also have previous career experience in roles such as senior finance analyst or manager.