Master of Management: International Management Degree Overview
Students who plan on pursuing management careers that require significant foreign engagement can earn a master's degree in international management (MIM) or a Master of Business Administration (MBA) degree with a concentration in international management. Master's programs in this field provide students with skills in leadership and managerial organization with a global perspective.
Master of International Management
A master's degree program in international management, or a MBA with an emphasis on international management, typically takes 1-2 years to complete. The program is designed to prepare students for a range of managerial careers that require a significant amount of legal, linguistic, cultural, economic and marketing engagement with businesses in other countries.
Some of the occupational skills that MIM and MBA graduates typically gain from these degree programs include the ability to prepare and oversee budgets, as well as direct and manage the hiring, training and career development of company personnel. They'll also have the ability to conduct bird's eye assessments of company performance on a global level. In addition to these skills, students also gain knowledge of international business laws and global markets.
Students seeking admission to MIM or MBA programs may need to meet a minimum undergraduate- and/or graduate-level grade point average requirement. They may also be required to submit scores from the Graduate Management Admission Test (GMAT) or the Graduate Record Examination (GRE). Some programs require previous coursework in foundational business areas such as accounting, economics and business law.
In addition to taking electives and conducting research projects on topics in international business, students in MIM or MBA programs may be required to take the following core courses:
- International law
- Global accounting
- International marketing
- Global management
- Information systems
- Human resources
Popular career options
Graduates of these degree programs can be qualified for a range of positions, including:
- Operations manager
- General manager
- Management analyst
- Postsecondary business teacher
- Production manager
Employment Outlook and Salary Info
According to the U.S. Bureau of Labor Statistics (BLS), the 2012-2022 employment outlook for those in managerial careers depends upon the occupation; management analysts could see 19% employment growth, while general and operations managers could see 12% growth during this period (www.bls.gov). Employment growth was predicted to be 17% for postsecondary teachers, while industrial production managers would see a 2% decline in employment, according to the BLS.
Salaries for managerial careers varied slightly in 2012, according to data released by the BLS. Managerial analysts earned an average salary of $88,070, while postsecondary business teachers made $85,730. General and operations managers averaged $114,850 in 2012, and industrial production managers averaged $97,490, according to the BLS.
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