As recently as ten years ago, there were only a handful of nationally-recognized and accredited online master’s degree programs with a focus in international business, according to College Choice. As the world has become more connected with technological advances, so has the necessity of a global business perspective – and the availability of online programs.
Today, not only are online master’s degree programs in demand, but they provide an opportunity to dive deeply into the intersection of technology and cross-cultural management required in the current business world.
If you’re considering a master’s degree in international business (MSIB), here are three reasons why an online program could be your best choice.
The idea of a graduate degree in international business can be daunting when you think of the time, cost, and commitment to obtain a master’s degree. However, it doesn’t have to be. Accredited online programs provide the same rigorous curricula offered by on-campus programs, while allowing students to connect with a diverse group of classmates and faculty within the flexibility of their own schedules.
An online international business degree program allows you to gain valuable global experience without moving abroad or even leaving your current location. Many online MSIB programs offer both full-time and part-time options, so you can choose which timeline works best for you given family, budget, and career considerations.
At the UNCG Bryan School of Business and Economics, a new MSIB program is only offered online. It draws upon the expertise and support of a long-standing business school, while leveraging modern technology to educate and nurture global business leaders wherever they may live.
Cross Cultural Connections and Virtual Experience for Global Businesses
In today’s interconnected world, whether your business operates on a large or small scale, there is certain to be a global component. Recent research found that between 50 and 70 percent of all white-collar workers in OECD countries at least occasionally worked on projects that required some form of virtual collaboration. Of those, 20 to 35 percent involved collaborations across national borders.1
Since global business operates virtually, what better place to learn and practice the intersection of these skills than an online graduate program? By eliminating geographic barriers, online programs can provide exposure to more people from different cultures and locations than traditional on-campus programs. They also teach students how to work effectively in global virtual teams across time zones – skills critical for success in a global business environment.
At the UNCG Bryan School of Business and Economics, students in a team collaborating in an international marketing class, for example, might reside in Germany, California, India, and North Carolina. As they complete a project, they’ll draw on each other’s diverse experiences while navigating the challenges of cultural and geographical differences, all the while solving real business problems.
With 76 percent of all graduate students working 30 hours or more per week, it’s no wonder that students are seeking flexible options. One of the biggest advantages to an online program is the cost – and not just the direct cost of tuition. The costs of relocating, commuting, quitting your job, or reducing work hours each week for a traditional, on-campus program can be prohibitive to many candidates. An online program can help reduce or eliminate some of these costs. This is especially true for students who maintain roles that require them to travel frequently.
Online programs have gained momentum due in part to the flexibility in scheduling as well as the ability to allow students to simultaneously advance their careers and education. The online format works especially well for MSIB programs, leveraging technological advances to create leaders who have experience and first-hand understanding of today’s complex, global business environment.
If you’d like to learn more about the online MS in International Business program at UNCG Bryan School, visit our program page and complete our request for information.
1 Duarte, D. L., & Snyder, N. T. 2011. Mastering virtual teams: Strategies, tools, and techniques that succeed: John Wiley & Sons.
Kurtzberg, T. R. 2014. Virtual Teams: Mastering Communication and Collaboration in the Digital Age. Westport, CT: Praeger.