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International Business & Commerce Major

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International Business & Commerce

6,507 Bachelor's Degrees Annually
2,170 Master's Degrees Annually
#12 in Popularity
$123,880 Median Salary

Types of Degrees International Business & Commerce Majors Are Getting

The following table lists how many international business/trade/commerce graduations there were in 2019-2020 for each degree level.

Education Level Number of Grads
Bachelor’s Degree 6,623
Master’s Degree 2,219
Basic Certificate 587
Graduate Certificate 182
Associate Degree 160
Undergraduate Certificate 39
Doctor’s Degree 14

What International Business & Commerce Majors Need to Know

O*NET surveyed people in occupations related to international business and asked them what knowledge areas, skills, and abilities were important for their jobs. The responses were rated on a scale of 1 to 5 with 5 being most important.

Knowledge Areas for International Business Majors

According to O*NET survey takers, a major in international business should prepare you for careers in which you will need to be knowledgeable in the following areas:

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  • Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
  • Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
  • Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
  • Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.

Skills for International Business Majors

When studying international business, you’ll learn many skills that will help you be successful in a wide range of jobs - even those that do not require a degree in the field. The following is a list of some of the most common skills needed for careers associated with this major:

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  • Speaking - Talking to others to convey information effectively.
  • Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
  • Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
  • Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
  • Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.

Abilities for International Business Majors

As a international business major, you will find yourself needing the following abilities:

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  • Oral Expression - The ability to communicate information and ideas in speaking so others will understand.
  • Oral Comprehension - The ability to listen to and understand information and ideas presented through spoken words and sentences.
  • Written Comprehension - The ability to read and understand information and ideas presented in writing.
  • Speech Clarity - The ability to speak clearly so others can understand you.
  • Written Expression - The ability to communicate information and ideas in writing so others will understand.

What Can You Do With a International Business & Commerce Major?

People with a international business degree often go into the following careers:

Job Title Job Growth Rate Median Salary
General and Operations Managers 9.1% $100,930

Who Is Getting a Bachelor’s Degree in International Business & Commerce?

6,623 Bachelor's Degrees Annually
53% Percent Women
37% Percent Racial-Ethnic Minorities*
Roughly 53% of the graduates are women, and 47% are men.

Racial-Ethnic Diversity

At the countrywide level, the racial-ethnic distribution of international business majors is as follows:

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Race/Ethnicity Number of Grads
Asian 422
Black or African American 381
Hispanic or Latino 1,410
White 2,724
International Students 1,236
Other Races/Ethnicities 450

Geographic Diversity

International Business appeals to people across the globe. About 18.7% of those with this major are international students.

How Much Do International Business & Commerce Majors Make?

Salaries According to BLS

International Business majors often go into careers where salaries can range from $103,330 to $200,140 (25th to 75th percentile). This range includes all degree levels, so the salary for a person with just a bachelor’s degree may be a little less and the one for a person with an advanced degree may be a little more.

To put that into context, according to BLS data from the first quarter of 2020, the typical high school graduate makes between $30,000 and $57,900 a year (25th through 75th percentile). The average person with a bachelor’s degree (any field) makes between $45,600 and $99,000. Advanced degree holders make the most with salaries between $55,600 and $125,400.

Median Salary for an International Business & Commerce Major  ( 103330 to 200140 )
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250K
Median Salary for a High School Graduate  ( 30000 to 57900 )
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250K
Median Salary for a Bachelor's Degree Holder  ( 45600 to 99000 )
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250K
Median Salary for an Advanced Degree Holder  ( 55600 to 125400 )
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250K

Some degrees associated with international business may require an advanced degree, while others may not even require a bachelor’s in the field. In general, the more advanced your degree the more career options will open up to you. However, there is significant time and money that needs to be invested into your education so weigh the pros and cons.

How much schooling do you really need to compete in today’s job market? People currently working in careers related to international business have obtained the following education levels.

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Education Level Percentage of Workers
High School Diploma - or the equivalent (for example, GED) 5.8%
Post-Secondary Certificate - awarded for training completed after high school (for example, in agriculture or natural resources, computer services, personal or culinary services, engineering technologies, healthcare, construction trades, mechanic and repair technologies, or precision production) 3.5%
Some College Courses 8.5%
Associate’s Degree (or other 2-year degree) 4.8%
Bachelor’s Degree 24.3%
Post-Baccalaureate Certificate - awarded for completion of an organized program of study; designed for people who have completed a Baccalaureate degree but do not meet the requirements of academic degrees carrying the title of Master. 11.8%
Master’s Degree 15.9%
Post-Master’s Certificate - awarded for completion of an organized program of study; designed for people who have completed a Master’s degree but do not meet the requirements of academic degrees at the doctoral level. 5.0%
First Professional Degree - awarded for completion of a program that: requires at least 2 years of college work before entrance into the program, includes a total of at least 6 academic years of work to complete, and provides all remaining academic requirements to begin practice in a profession. 0.8%
Doctoral Degree 20.1%

Online International Business & Commerce Programs

In the 2019-2020 academic year, 582 schools offered some type of international business/trade/commerce program. The following table lists the number of programs by degree level, along with how many schools offered online courses in the field.

Degree Level Colleges Offering Programs Colleges Offering Online Classes
Certificate (Less Than 1 Year) 0 0
Certificate (1-2 years) 20 1
Certificate (2-4 Years) 1 0
Associate’s Degree 55 12
Bachelor’s Degree 43 4
Post-Baccalaureate 0 0
Master’s Degree 121 27
Post-Master’s 8 0
Doctor’s Degree (Research) 6 1
Doctor’s Degree (Professional Practice) 0 0
Doctor’s Degree (Other) 0 0

Is a Degree in International Business & Commerce Worth It?

The median salary for a international business grad is $123,880 per year. This is based on the weighted average of the most common careers associated with the major.

This is 210% more than the average salary for an individual holding a high school degree. This adds up to a gain of about $1,679,600 after 20 years!

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References

*The racial-ethnic minorities count is calculated by taking the total number of students and subtracting white students, international students, and students whose race/ethnicity was unknown. This number is then divided by the total number of students at the school to obtain the racial-ethnic minorities percentage.

More about our data sources and methodologies.

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