6 reasons to study international business
There is an endless list of advantages to studying a Master of International Business. Here are some of the best:
- Develop your business skills
- Transition to a business pathway
- Be employable all over the world
- Understand how the world is connected
- Gain a unique international experience
- Open up a wide range of career options
1. Develop skills from your undergraduate degree
While it is possible to get a master’s without a bachelor’s, the majority of master’s students have an undergraduate degree. Frequently, students on the Master of International Business course at the University of Auckland have a background in marketing, commerce, or management – all subjects related to business.
Among the reasons to study International Business is to get a clear picture of how those skills are applied in the real world. Subjects that were taught on an undergraduate level are now developed to a master level and interconnected with each other.
Dr. Burmester has a very clear vision of how previous studies and new material from the masters fit into students’ career paths. He says, “These other disciplines are very important because often they are the ones that get you into the workforce. International Business is what comes next.” (01:02)
2. Accelerate your learning in a new context
If you don’t have a business-related undergraduate degree, transferring is one of the best reasons to study International Business at the postgraduate level and develop a deep understanding in less than a year and a half. With a program structure based on experience, the transition to business education is intense, but effective.
Core courses cover managing people, economics, financial reporting, business analytics, business insights, and strategic management. Additionally, you will choose specialist courses, depending on the pathway you wish to pursue, and complete a consultancy project for real-life experience.
3. Understand how the world is connected
Doing business on an international scale has intricacies and points to consider that a local company never has to deal with. From understanding differences in national tastes to abiding by the respective laws and regulations, you can’t simply work it out as you go.
As part of the Department of Management and International Business, Dr. Burmester says, “International business is about doing business in a world with lots of different governments, different states, different laws, different cultures, lots of distances separating people, lots of complexity that you don’t find in the domestic context.” (00:00)
Lecturers at the University of Auckland teach their own specialties and how they connect to other areas. Dr. Burmester gives his take on the process. He says, “There are all sorts of forces at work which we need to make you acquainted with so you can take them into account when making decisions which apply to international business.” (00:25)
4. Gain a unique cultural experience
In 2021, the University of Auckland officially received the Māori name, Waipapa Taumata Rau, and is well on the way to creating an identity that connects its diverse student, staff, and alumni. The name refers to the location in Auckland (Waipapa), a place to exchange philosophies and ideas, and a commitment to excellence and achievement (Taumata Rau).
This connection gives students a unique insight into how each international market is made up of different demographics. Once you move into the working world, you can take your knowledge and apply it to international markets.
Aside from the career focus, studying in New Zealand’s most populous city is a great experience for a student. With beaches, parks, and culture all within a super safe city, what’s not to love?
5. Keep your options open
No list of reasons to study International Business would be complete without including the wide array of career pathways available. With a solid foundation in the core subjects and subsequent specializations, the University of Auckland students move into positions like:
- Business development manager
- Export analyst
- International business analyst
- International marketing representative
- International relations consultant
- International trade policy adviser
If you need to narrow your search, you have access to the Career Development and Employability Services which offers programs, workshops, and one-to-one support. Through this training, you can build your network and get in touch with future employers.
6. Enhance any career path you take
While there are specializations involved in the Master of International Business, it is by nature a general degree. This is a major advantage when it comes to adding extra value to the career path you choose. You can move into a sector you enjoy and apply skills from the International Business course to give you an edge.
For example, you could be working in a multinational based in your hometown and be first on the list for an international transfer. Similarly, you could be put in charge of opening up new markets. From his experience, Dr. Burmester adds, “It’s really about the prospects that open up to you, the opportunities once you’re actually out there working.” (00:49)
As all our reasons to study International Business show, the master’s at the University of Auckland is all about opportunity. Dr. Burmester sums it up succinctly: “If you’re interested in working for a major multinational corporation, or taking your own business out into the world, then we are really looking forward to seeing you coming to Auckland to study International Business.” (01:09)