Average Salary With a Masters in International Business
International business is a fast-paced field where you can work in any number of careers, from management to finance. This can also be an extremely lucrative career, and though you might have to do a lot of travel and work odd hours, earning a master’s degree in international business is a great choice if you want to earn a high salary in the business world. How much you can expect to earn depends on a number of factors.
Average Salary by Position
The type of position you take plays a huge role in what you’ll earn with a master’s in international business. Some of the most common positions available in this field, along with their average salaries, are as follows:
- Employment Recruiter: $59,474
- Sales Manager: $64,70
- Finance Controller: $87,110
- IT Project Manager: $89,125
- Marketing Manager: $89,692
- Product Manager: $90,562
- Business Development Director: $116,568
Of course, these aren’t the only career paths you can take – and with an education in international business, you can even start your own international business. This allows your potential salary to be unlimited – some business owners make millions of dollars every year! Owning your own business, especially internationally, is undoubtedly a lot of work and a big risk, but the payoff could be huge financial success, on top of being able to work for yourself and build a business you love.
Salary by Location
If you work in international business, your job options aren’t limited by borders and choosing your location wisely could mean huge savings in terms of taxes, housing and food expenses, and more. Most American international business workers have a home base in the United States, typically in a large city like New York or Chicago, but this isn’t always the case. Do your research to find the location that is best for you, based on the type of business you want to run or the type of work you want to do. Keep in mind that you’ll typically get a benefits package as well, which could include things such as free travel, health and dental care, a retirement package, stock options, and more – and all of these things could be taken into consideration when you’re comparing jobs in the international business world.