The importance of international business is greater than ever as companies around the world become better connected. China, Japan and India's economies are among the world's top ten (second, third and sixth, respectively), reflecting the fact that the majority of gross domestic product (GDP) is now generated outside of the USA and Europe. This trend is set to continue in the future, with Indonesia, Brazil, Russia and Mexico expected to join the top ten by 2050.
Understanding international business operations is increasingly important for today's business graduates, and this is where this postgraduate course becomes useful. International business specialization gives students an understanding of the different business management practices found all over the world, and prepare them for graduate careers working abroad or in organizations that are engaged in business on a global scale.
In this dynamic global business and economic environment, studying business from an international perspective is important for students who are ambitious to work across international boundaries and cultures.
In a nutshell, students need to develop a global perspective in order to be successful in business. Studying international business allows them to see how globalization has brought about an increasing 'connectedness' of businesses, markets, people and information across countries. Working across cultures &countries is a necessity for most firms today. Hence, there is a growing need for business and management students with an international acumen, who are capable of operating effectively in a globalized world.