For centuries, trade of different products has been carried out between different nations. Earlier, it was done through silk route, then ships and now, numerous means. Only the methods of the trade have been modifying with time and the coming of new technologies. Several economies have been flourishing due to the rise in international business.
Sounds interesting? If yes, read on to know about international business in detail.
What is International Business?
The transfer of goods, services, capital, knowledge, resources, ideas and technology across national boundaries is called international business.
It encompasses all the commercial activities for global trade. Be it the movement of goods from one country to another to contractual agreements that allow foreign firms to use products, services, and processes from other nations, the international business includes several such activities.
A career guidance and counselling service provider can supply you with reliable information as well as a list of the finest institutions and their eligibility requirements for a more seamless admission procedure.
An aspiring candidate, who is looking to get admission in an international business course at undergraduate level, needs to fulfil the eligibility criteria of having cleared 10+2 education from a recognised board with minimum 50% marks.
For securing a seat in the course of international business at postgraduate level, a student should have completed graduation from a recognised university with a minimum aggregate of 50% marks in qualifying examination.
A candidate, who wants to realise the dream of studying international business, may also have to clear an entrance test or get featured in the merit list. The required percentage for admission may also vary as per the educational institution.
There have been several advancements in the field of technology and transportation. This has fuelled the rise in international business. Nowadays, numerous kinds of products, services, technologies, etc are traded on a global scale. As there is a great demand for this trade, there is immense scope of this field around the world.
There are numerous job opportunities for professionals working in the field of international business in both India and abroad. They get good pay packages, employee benefits and working conditions.
These professionals can work in several job profiles, such as international finance manager, international logistics manager, global business manager, international brand manager, export manager, etc.
The top recruiters in the field of international business are Bharti Airtel, Wipro, HSBC, BCG, Cognizant, The International Trade Commission, U.S. Department of Commerce, Deloitte, Capgemini, TCS, Goldman Sachs, Accenture, ICICI Bank, Walmart, JP Morgan, Merck, etc.
To make it big in the field of international business, a candidate must possess a set of essential skills, such as communication skills, time management, ability to multitask, managerial skills, aptitude skills, leadership skills, resilience, knowledge about business, people skills, negotiation, work under pressure, networking abilities, adaptive thinking, interpersonal influence, technical skills, creativity, analytical skills, organisational skills, patience, problem-solving skills, presence of mind, etc.
Why choose International Business?
International Business can open several doors of success in future. So, it would be a wise choice to take up a career in it. If you want to be a master of trade all over the world, international business is the finest career choice for you, study abroad consultants can provide you with information on this subject for a solid future career progression.