International Business
Career in International Business
International Business, the term itself defines that this business occurs among nations. This business sets a platform where in, the exchange of goods and services takes place among nations. It is the export of goods and services to foreign countries and the import of goods and services to the home country. Trade has always been a major force behind the relations among nations. Without international trade, nations would be limited to the goods and services produced within their own borders.
Those who work for foreign trade are known as import and export professionals or foreign trade experts. The job responsibility of a foreign trade expert involves providing guidance and assistance to businesses involved in export and import of goods and services.
Key Success
To be successful in International Business you should have/ develop:
- A keen aptitude for business
- Knowledge of foreign languages
- Persuasive ability
- Confidence
Career Path
Job Profile
The responsibilities assigned to a professional in this area include documentation related to export/import and liaison with the tax and custom authorities. Their work also involves liasoning between exporters and port authority.
Export managers and executives can find opportunities with insurance companies particularly marine insurance corporations where they are required to assess the loss or physical damage to the goods shipped in a country.
In the marketing field, they search new business hubs and potential markets abroad. Marketing executives also suggest strategies based on marketing research and predict demand and potential buyers abroad. They are also engaged in Customer Relationship Management (CRM).
An international business consultant is responsible for providing relevant information about foreign business investments, opportunities, competitive companies and even information about business practices and legal implications of owning a business in another country to their clients.
What are the key skills required for International Business
Skill Sets
- Excellent communication skills
- Excel in international business knowledge and Laws of different countries
- Understanding the modern trend in business
- Leadership and managing skills
Work Value
- Organizing
- Planning
- Co-ordination
What are the career opportunities in International Business
Employability Scale
A fresh postgraduate in International Business Management from a reputed institute is usually recruited as a management trainee and the salary offered ranges between Rs.5 to 12 lakh per annum. However, class B Business school pass-outs may get a lower salary to start with.
Top Recruiters
- State trading Corporation (STC)
- Minerals and Metals Trading Corporation (MMTC)
- World Trade Organisation (WTO)
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