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Median annual earning for wage and salary:
Management Analyst (2006) $68,050 annually
U.S. Minimum Wage
$10,712 Annually
(Source: US Department of Labor, Bureau of Labor Statistics)
There are many job prospects available to international businessgraduates.Those who are seeking to work as management analysts can expect job positions to grow 22 percent through 2016, which is increasingly faster than the average of other occupations. Salary earnings for those with an IB degree vary depending on experience, location, expertise, and the size of the firm. The average yearly income for management analysts in May 2006 was $68,050. The top 10 percent, however, were earning a six figure income – more than $128,330.
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A career in International Business can take you – everywhere! As the business management world becomes more complex and more global, entering the International Business field presents a lot of exciting opportunities.
Individuals with graduate degrees in International Business will find the landscape to be very competitive. Along with lucrative employment opportunities in government and the private industry, many with an International Business degree specialize in fields such as global marketing, international banking, financial management, cultural advisor, and management analyst, building their own consulting practice and client base.
Typically a management consultant will analyze and create programs and processes within a company to help them increase their profits, maximize efficiency, and reduce costs where necessary. Those in International Business will do the same thing but on a larger, global scale, analyzing and keeping abreast of international trends and negotiations in their field. Along with extensive business knowledge, going to an International Business school and earning a degree in management analysis gives you the chance to learn about economics, marketing, business law, international business policies, international business laws, and best practices. In addition, business ethics, cultural ethics, trade regulations, and international managerial skills are essential. Many businesses often hire management analysts to deal with the legal issues when expanding into a new market in another country.
The field of International Business is growing. For example, the management analysis field alone is expected to grow by as much as 22 percent between 2006 and 2016 according to the U.S. Bureau of Labor Statistics. This growth is mainly in firms with a focus on international business and companies involved in biotechnology, information technology, human resources, and health care, among others.
Wages in International Business and management analysis vary widely depending on the company and focus of the business. Median annual earnings of wage and salary for management analysts was $68,050 (Source: U.S. Bureau of Labor Statistics) with the highest 10 percent making more than $128,330 per year.
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