Master of International Business

The Master of International Business is an academic degree program that has rapidly gained popularity since the year 2000. Due to the infant nature of the program it is not widely known, but has been considered by some to be the 'new MBA' as a result of the tendency towards globalization. Currently the degree is offered by a number of universities globally and has been established by some for-profit universities in the United States.

In some universities the degree is offered as an accelerated program (taking less than two full-time years to complete) or as a degree program for working professionals. It is evident that some institutions are offering the degree in similar structure to the MBA where, a typical subject scheme is undertaken in one of two ways. One structure involves undertaking two classes per six to ten week terms and completing eight terms (usually a total of 16 classes). The other structure follows the more traditional full-time semester basis where the student completes four classes per semester over the course of two to three semesters (usually between eight to ten classes). Some refer to the first option as a horizontal structure designed to provide samples of numerous subject topics, whereas the latter is a vertical structure in that the subjects covered reach a greater depth.

The aim of the program is to educate on the interdisciplinary principles of business management as they apply to business in an international context. Of particular emphasis is the development of understanding the diversities and common challenges that people do not ordinarily face in a domestic business setting. These include human resource management, international economics and trade, financial management and marketing. The degree is particularly suited to professionals working in companies which operate in the global arena or for those individuals wishing to pursue this type of career.

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