$45,420
Average Tuition – International Business MBA Programs
$82,477
Average Salary – International Business MBA Graduates
566
Average GMAT Requirements – International Business MBA Programs
144%
Average ROI – International Business MBA Programs
Executive Summary for International Business MBA Programs
- Comprehensive comparisons and data about tuition, average starting salaries, ROI, GMAT requirements and scores, and enrollment statistics for MBA programs in International Business
- Detailed profiles of both online and on-campus MBA programs in International Business, their strengths, unique specializations, faculty expertise, and alumni networks are included to help align your study choice with your career ambitions
- Insights into diverse industries and roles, demonstrating how an MBA degree in International Business serves as a potent tool in these industries
Top 10 MBA Program in International Business – ROI, Salary, Tuition
#1
Northwestern University
- Kellogg Global Hub, Evanston, IL - 60208-2001
- Institution Control: Private for-profit
- Academic Year:
- Accreditation:
- Award Levels: Doctoral, Dual-MBA, E-MBA, Masters in Business
- Offered as: Campus, Full-Time
Business School Details
- Student / Faculty Ratio: 6:1
- Tuition and Fees: $162,030
- Total Enrollment: 2,329
- Concentrations: Accounting, Communications, Data Analytics, E-Commerce +19 more
- Ranking: US News, Forbes, BW, FT, Economist and MBAGuide
- Average GMAT Score: 729
- Graduate Salary: $175,000
- AACSB Accredited: Business
- Graduate ROI: 54%
#2
Stanford University
- Knight Management Center, Stanford, CA - 94305-7298
- Institution Control: Private
- Academic Year:
- Accreditation:
- Award Levels: Doctoral, Masters in Business, Masters Specialist
- Offered as: Campus, Full-Time
Business School Details
- Student / Faculty Ratio: 5:1
- Tuition and Fees: $165,591
- Total Enrollment: 1,064
- Concentrations: Accounting, Consulting, Data Analytics, Economics +16 more
- Ranking: US News, Forbes, BW, FT, Economist and MBAGuide
- Average GMAT Score: 737
- Graduate Salary: $182,272
- AACSB Accredited: Business
- Graduate ROI: 55%
#3
Massachusetts Institute of Technology
- 50 Memorial Drive, E52-473, Cambridge, MA - 02142-1347
- Institution Control: Private for-profit
- Academic Year:
- Accreditation:
- Award Levels: Doctoral, Masters in Business, Masters Specialist, Undergraduate
- Offered as: Campus
Business School Details
- Student / Faculty Ratio: 3:1
- Tuition and Fees: $164,000
- Total Enrollment: 1,664
- Concentrations: Accounting, Economics, Education, Entrepreneurship +12 more
- Ranking: US News, Forbes, BW, FT, Economist and MBAGuide
- Average GMAT Score: 724
- Graduate Salary: $159,391
- AACSB Accredited: Business
- Graduate ROI: 49%
#4
Columbia University
- 101 Uris Hall, New York, NY - 10027
- Institution Control: Private
- Academic Year:
- Accreditation:
- Award Levels: Doctoral, E-MBA, Masters in Business, Masters Specialist
- Offered as: Campus, Full-Time
Business School Details
- Student / Faculty Ratio: 6:1
- Tuition and Fees: $180,258
- Total Enrollment: 4,036
- Concentrations: Accounting, Consulting, Data Analytics, Economics +14 more
- Ranking: US News, Forbes, BW, FT, Economist and MBAGuide
- Average GMAT Score: 732
- Graduate Salary: $162,099
- AACSB Accredited: Business
- Graduate ROI: 45%
#5
Duke University
- Box 90120, Durham, NC - 27708-0120
- Institution Control: Private
- Academic Year:
- Accreditation:
- Award Levels: Doctoral, E-MBA, Masters in Business, Masters Specialist
- Offered as: 1-Year, Campus, Evenings, Full-Time, Online, Weekends
Business School Details
- Student / Faculty Ratio: 9:1
- Tuition and Fees: $157,546
- Total Enrollment: 2,084
- Concentrations: Accounting, Consulting, Data Analytics, Economics +20 more
- Ranking: US News, Forbes, BW, FT, Economist and MBAGuide
- Average GMAT Score: 718
- Graduate Salary: $152,297
- AACSB Accredited: Business
- Graduate ROI: 48%
#6
New York University
Leonard N. Stern School of Business
- Henry Kaufman Management Center, 11-160, New York, NY - 10012-1126
- Institution Control: Private
- Academic Year:
- Accreditation:
- Award Levels: Doctoral, E-MBA, Graduate Level Certificate, Integrated Undergraduate Masters, Masters in Business, Masters Specialist, Undergraduate
- Offered as: Campus, Full-Time
Business School Details
- Student / Faculty Ratio: 14:1
- Tuition and Fees: $160,130
- Total Enrollment: 6,125
- Concentrations: Accounting, Business Analytics, Economics, Entrepreneurship +15 more
- Ranking: US News, Forbes, BW, FT, Economist and MBAGuide
- Average GMAT Score: 733
- Graduate Salary: $161,475
- AACSB Accredited: Business
- Graduate ROI: 50%
#7
The University of Michigan
Stephen M. Ross School of Business
- 701 Tappan Street, Ann Arbor, MI - 48109-1234
- Institution Control: Public
- Academic Year:
- Accreditation:
- Award Levels: Doctoral, E-MBA, Graduate Level Certificate, Masters in Business, Masters Specialist, Undergraduate
- Offered as: 1-Year, Campus, Evenings, Full-Time, Online, Part-Time, Partnership, Weekends
Business School Details
- Student / Faculty Ratio: 14:1
- Tuition and Fees: $137,056
- Total Enrollment: 4,293
- Concentrations: Accounting, E-Commerce, Economics, Education +20 more
- Ranking: US News, Forbes, BW, FT, Economist and MBAGuide
- Average GMAT Score: 720
- Graduate Salary: $153,465
- AACSB Accredited: Business
- Graduate ROI: 56%
#8
University of Southern California
- 3670 Trousdale Parkway, Bridge Hall 100, Los Angeles, CA - 90089-0804
- Institution Control: Private
- Academic Year:
- Accreditation:
- Award Levels: Doctoral, E-MBA, Graduate Level Certificate, Masters in Business, Masters Specialist, Undergraduate
- Offered as: 1-Year, Campus, Distance Education, Evenings, Full-Time, Online, Part-Time, Partnership, Weekends
Business School Details
- Student / Faculty Ratio: 14:1
- Tuition and Fees: $154,339
- Total Enrollment: 6,911
- Concentrations: Accounting, Data Analytics, Economics, Entrepreneurship +15 more
- Ranking: US News, Forbes, BW, FT, Economist and MBAGuide
- Average GMAT Score: 732
- Graduate Salary: $150,314
- AACSB Accredited: Business and Accounting
- Graduate ROI: 49%
#9
The University of North Carolina at Chapel Hill
- CB 3490, McColl Building, Chapel Hill, NC - 27599-3490
- Institution Control: Public
- Academic Year:
- Accreditation:
- Award Levels: Doctoral, E-MBA, Masters in Business, Masters Specialist, Undergraduate
- Offered as: Campus, Distance Education, Evenings, Full-Time, Online, Partnership, Weekends
Business School Details
- Student / Faculty Ratio: 10:1
- Tuition and Fees: $102,314
- Total Enrollment: 2,820
- Concentrations: Accounting, Data Analytics, Economics, Entrepreneurship +13 more
- Ranking: US News, Forbes, BW, FT, Economist and MBAGuide
- Average GMAT Score: 706
- Graduate Salary: $133,517
- AACSB Accredited: Business and Accounting
- Graduate ROI: 65%
#10
Harvard University
- Dillon House, Boston, MA - 02163
- Institution Control: Private for-profit
- Academic Year:
- Accreditation:
- Award Levels: Doctoral, Masters in Business
- Offered as: Campus
Business School Details
- Student / Faculty Ratio: 7:1
- Tuition and Fees: $149,820
- Total Enrollment: 1,945
- Concentrations: Accounting, Consulting, Data Analytics, E-Commerce +22 more
- Ranking: US News, Forbes, BW, FT, Economist and MBAGuide
- Average GMAT Score: 730
- Graduate Salary: $175,000
- AACSB Accredited: Business
- Graduate ROI: 58%
50 Best International Business MBA Programs Table: ROI, Salary, Tuition
Easily sort the table below by Rank, School Name, ROI, Tuition, Average Starting Salary, and State to find and to compare programs. Click on any school for a comprehensive review.
Rank | University | ROI | In State Tuition | Avg. Starting Salary | State | Online |
---|---|---|---|---|---|---|
1 | Northwestern University | 54.00% | $162,030 | $175,000 | IL | No |
2 | Stanford University | 55.04% | $165,591 | $182,272 | CA | No |
3 | Massachusetts Institute of Technology | 48.59% | $164,000 | $159,391 | MA | No |
4 | Columbia University | 44.96% | $180,258 | $162,099 | NY | No |
5 | Duke University | 48.33% | $157,546 | $152,297 | NC | Yes |
6 | New York University | 50.42% | $160,130 | $161,475 | NY | No |
7 | The University of Michigan | 55.99% | $137,056 | $153,465 | MI | Yes |
8 | University of Southern California | 48.70% | $154,339 | $150,314 | CA | Yes |
9 | The University of North Carolina at Chapel Hill | 65.25% | $102,314 | $133,517 | NC | Yes |
10 | Harvard University | 58.40% | $149,820 | $175,000 | MA | No |
11 | University of Pennsylvania | 46.26% | $179,852 | $166,391 | PA | No |
12 | Indiana University Bloomington/Indianapolis | 112.02% | $60,858 | $136,352 | IN | Yes |
13 | University of Massachusetts Boston | 318.68% | $19,499 | $124,277 | MA | Yes |
14 | Brigham Young University | 101.87% | $58,544 | $119,281 | UT | No |
15 | Georgetown University | 55.50% | $124,814 | $138,552 | DC | Yes |
16 | Dartmouth College | 48.31% | $165,442 | $159,842 | NH | No |
17 | Southern Methodist University | 60.97% | $100,541 | $122,609 | TX | Yes |
18 | Rice University | 51.13% | $139,081 | $142,212 | TX | Yes |
19 | University of California, Berkeley | 54.73% | $139,628 | $152,831 | CA | No |
20 | The University of Texas at Dallas | 171.45% | $35,918 | $123,163 | TX | Yes |
21 | Emory University | 49.36% | $151,689 | $149,759 | GA | Yes |
22 | Vanderbilt University | 53.32% | $131,000 | $139,711 | TN | No |
23 | Cornell University | 35.29% | $219,688 | $155,048 | NY | No |
24 | Georgia Institute of Technology | 107.89% | $63,404 | $136,819 | GA | No |
25 | Michigan State University | 172.92% | $34,564 | $119,539 | MI | Yes |
26 | University of Minnesota | 68.17% | $89,402 | $121,882 | MN | Yes |
27 | The George Washington University | 51.26% | $113,090 | $115,951 | DC | Yes |
28 | The University of Texas at Austin | 60.02% | $120,432 | $144,564 | TX | No |
29 | University of Rochester | 61.40% | $108,038 | $132,671 | NY | No |
30 | University of Virginia-Darden | 51.95% | $151,200 | $157,090 | VA | Yes |
31 | University of South Carolina | 182.06% | $26,485 | $96,435 | SC | Yes |
32 | University of California, Davis Business School | 61.53% | $88,634 | $109,075 | CA | Yes |
33 | Boston College | 49.36% | $118,336 | $116,815 | MA | No |
34 | Boston University | 48.65% | $124,248 | $120,884 | MA | Yes |
35 | Texas A&M University | 93.21% | $62,000 | $115,585 | TX | Yes |
36 | University of California, San Diego | 48.93% | $106,246 | $103,969 | CA | No |
37 | The University of Georgia | 196.87% | $30,606 | $120,510 | GA | Yes |
38 | University of Wisconsin-Madison | 107.05% | $55,575 | $118,983 | WI | No |
39 | Northeastern University | 48.77% | $102,582 | $100,063 | MA | Yes |
40 | University of Utah | 88.54% | $65,700 | $116,348 | UT | Yes |
41 | Fordham University | 64.08% | $99,497 | $127,511 | NY | Yes |
42 | The Pennsylvania State University | 93.48% | $61,236 | $114,483 | PA | Yes |
43 | Case Western Reserve University | 52.08% | $92,040 | $95,875 | OH | Yes |
44 | Indiana State University | 263.16% | $19,000 | $100,000 | IN | Yes |
45 | University of Maryland | 61.25% | $98,865 | $121,103 | MD | Yes |
46 | Lehigh University | 69.45% | $68,900 | $95,699 | PA | Yes |
47 | American University | 53.76% | $98,282 | $105,666 | DC | Yes |
48 | New Jersey Institute of Technology | 74.73% | $66,576 | $99,501 | NJ | Yes |
49 | The University of Iowa | 240.52% | $23,453 | $112,820 | IA | Yes |
50 | University of California, Irvine | 63.13% | $97,342 | $122,899 | CA | Yes |
What is an International Business MBA?
The ever-changing global economy has boosted the demand for MBA in International Business programs. Within many MBA programs, the MBA in international business specialization is highly-respected concentration giving B-Students a macro-level picture of the global business world. The objective of this specialization is to equip students on how to effectively approach international business management issues with strategic problem-solving methods. This specialization has the objective of producing highly versatile managerial candidates that will have the subject matter expertise to be effective leaders within multinational companies. The primary mission of this program is to use the case study methodology to firmly grasp global business decision making and to obtain hands-on experience in the international business sector.
Within the International Business concentration, you will study the essential components of economics, finance, leadership, digital marketing, business communications and effective strategic management. While studying in your MBA, you will learn through real-world case studies that illustrate common issues relating to global financial regulations, how to navigate multicultural organizations, economic theory, and distinct legal systems around the globe.
Choosing to pursue an MBA with an International Business will open professional doors unique to Fortune 500 companies that conduct business overseas. Some examples of the types of business that you could work for after obtaining an MBA with an International Business Specialization are international institutions, corporations, multinational companies, nonprofit organizations, and diplomatic posts. Once finish your MBA in International Business, you’ll choose a specific sector of business whether it’s finance, strategic management, marketing, e-commerce, accounting, or supply chain management. These specific industry sectors are critical to your progression as an international manager and each one has certain licensing/credentialing requirements.
The International Business Specialization is tailored to prepare B-Students to face challenges in the global business environment. Most MBA programs will focus on developing skills related to legal, cultural, technological developments, entrepreneurship, staffing management, and global leadership strategy. Upon mastering these skills, you will be fully prepared to start a managerial training program for a multinational company.
Difference Between an MBA in International Business and a Master’s in International Business
An MBA in International Business and a Master’s in International Business (MIB) are both graduate-level programs focusing on global commerce, but they have some key differences:
Program Focus
- MBA in International Business: Provides a broad business education with a specialization in international business. Covers general management topics like finance, accounting, and marketing, along with international business concepts.
- MIB: Offers a more specialized curriculum entirely focused on international business topics like global trade, cross-cultural management, and international marketing.
Student Profile
- MBA: Typically requires 3-5 years of work experience. Average student age is around 31.
- MIB: Often accepts students with little to no work experience. Average student age is around 24.
Curriculum
MBA in International Business:
- Core business courses (finance, accounting, etc.)
- International business electives
- Leadership and management focus
MIB:
- All courses have global business perspective
- In-depth study of international markets and trade
- Focus on business development in global context
Career Outcomes
MBA graduates often pursue general management roles across industries, while MIB graduates are more likely to seek specialized roles in international trade, global marketing, or multinational corporations.
The choice between these programs depends on your career goals, work experience, and desired focus. An MBA offers broader management skills, while an MIB provides deep expertise in international business operations.
Key Highlights for International Business MBA Programs
Compare Online International Business MBA Program Averages to Campus Averages
When comparing online and campus-based International Business MBA programs, prospective b-students should consider many factors. Online programs offer lower average tuition costs ($45,420 vs : $45,419.83) and better average graduate ROI (144% vs 144%), while campus programs have slightly higher average graduate salaries ($82,477 vs $82,477). Both program types have comparable GMAT scores, full-time faculty numbers, and student-faculty ratios, indicating similar academic rigor and support.
Averages | Online International Business MBA Programs | Campus International Business MBA Programs |
---|---|---|
Average MBA Tuition | $40,493 | : $45,419.83 |
Average Graduate Salary | $80,389 | $82,477 |
Average Graduate ROI | 151% | 144% |
Average GMAT Scores | 560 | 566 |
Average Full-Time MBA Faculty | 73 | 71 |
Average MBA Student Faculty Ratio | : 17:1 | 16:1 |
Read about our ranking methodology.
What is the Average Salary for MBA International Business Graduates?
The average graduate salary range for MBA in International Business graduates is quite wide. At the lower end, Grambling State University reports an average starting salary of just $39,900 for its MBA in International Business graduates. On the other hand, Stanford University boasts the highest average starting salary at an impressive $182,272.
The average starting pay across all finance MBA programs hovering around $82,477.
This substantial difference in starting salaries is due to a number of factors including reputation and ranking of the business school, the strength of its alumni network, the cost of living in the state and region, and the industries and locations where graduates find employment. Prospective b-students can research career outcomes and salary data of their target MBA programs to get a clearer picture the earning potential post-graduation.
While a high average starting salary is undoubtedly attractive, the savvy b-student will consider other factors like tuition costs, financial aid, and the overall return on investment when choosing an MBA in International Business program.
Average Salaries for International Business MBA Graduates
- Average: $82,477 from 867 International Business MBA Programs
- Lowest: $39,900 from Elizabeth City State University MBA
- Highest: $182,272 from Stanford University
10 Highest Average Salaries for International Business MBA Graduates
- Stanford University - $182,272.00
- Northwestern University - $175,000.00
- Harvard University - $175,000.00
- University of Pennsylvania - $166,391.00
- Columbia University - $162,099.00
- New York University - $161,475.00
- Dartmouth College - $159,842.00
- Massachusetts Institute of Technology - $159,391.00
- University of Virginia-Darden - $157,090.00
- Cornell University - $155,048.00
10 Lowest Average Salaries for International Business MBA Graduates
- Grambling State University - $39,900.00
- Eastern Kentucky University - $42,450.00
- University of Maryland Eastern Shore - $42,900.00
- South Carolina State University - $43,200.00
- Western Carolina University - $44,100.00
- Arkansas Tech University - $44,250.00
- Louisiana State University Shreveport - $45,300.00
- The University of North Carolina at Asheville - $45,750.00
- Delaware State University - $46,300.00
- Winston-Salem State University - $46,350.00
Average International Business MBA Graduate Salary by State
- District of Columbia - $121,848
- New Hampshire - $113,255
- Massachusetts - $100,630
- Arizona - $97,127
- Wyoming - $93,010
- Illinois - $92,682
- Washington - $91,447
- California - $90,698
- Michigan - $89,920
- Pennsylvania - $89,328
- Utah - $89,172
- Nevada - $88,249
- Maine - $87,535
- Minnesota - $86,736
- Virginia - $86,642
- Tennessee - $84,991
- New Jersey - $84,703
- Texas - $83,926
- Colorado - $83,807
- Indiana - $83,648
- Iowa - $83,468
- Connecticut - $83,241
- New York - $81,215
- Maryland - $80,131
- Nebraska - $79,913
- Georgia - $79,652
- Alaska - $79,087
- Ohio - $77,307
- Wisconsin - $76,959
- Oregon - $76,503
- Rhode Island - $75,889
- Oklahoma - $75,600
- Hawaii - $74,209
- Florida - $73,349
- Idaho - $72,446
- North Carolina - $71,631
- Missouri - $71,608
- Montana - $69,487
- Alabama - $67,949
- South Carolina - $67,447
- New Mexico - $67,250
- West Virginia - $66,028
- Vermont - $66,000
- Kentucky - $65,025
- Kansas - $64,772
- Mississippi - $64,196
- Arkansas - $62,951
- Delaware - $62,333
- Louisiana - $55,392
- North Dakota - $50,600
- South Dakota - $50,102
What is the Average Tuition for International Business MBA Programs?
Investing in your future with a finance MBA can be a very smart decision. On average, you can expect to pay $45,419.83 for a finance MBA program. However, tuition rates can vary significantly, with the most expensive programs costing up to $219,688.00 and the most affordable options starting at $7,048.00.
When comparing in-state and out-of-state tuition for MBA programs in International Business, you’ll find that in-state students pay an average of $45,420, while out-of-state students face an average tuition of $55,426. With such a wide range of tuition costs, spanning from $7,048.00 to $219,688, it’s essential to carefully consider your options. Factors that impact tuition rates include your enrollment status, the program type, and whether you attend a private college or public institution. Choosing a highly respected program could provide better value for your money than opting for an out-of-state school.
The ROI of an online MBA program is often more favorable than traditional programs, as students can continue working while studying. According to a 2017 US News survey, the average salary for students three months after graduating from an online MBA program was $96,974, a 22% increase from the average entering salary. The highest average salary increases for online programs hover around 60%. With the right program choice and financial planning, an online finance MBA can be a worthwhile investment in your future, leading to increased earning potential and career advancement opportunities.
Average Tuition for International Business MBA Programs
- Average: $45,420 from 527 International Business MBA Programs
- Lowest International Business MBA: $7,048 from The University of Rhode Island
- Highest International Business: $219,688 from Cornell University
10 Most Affordable International Business MBAs
- The University of Rhode Island - $7,048.00
- California State University, Bakersfield - $7,176.00
- Indiana University Northwest - $7,458.00
- Indiana University South Bend - $7,458.00
- Indiana University Southeast - $7,458.00
- McNeese State University - $8,879.00
- University of Central Oklahoma - $9,068.00
- University of the District of Columbia - $9,156.00
- Savannah State University - $9,180.00
- Tennessee State University - $9,452.00
10 Most Expensive International Business MBAs
- Cornell University - $219,688.00
- Columbia University - $180,258.00
- University of Pennsylvania - $179,852.00
- Stanford University - $165,591.00
- Dartmouth College - $165,442.00
- Massachusetts Institute of Technology - $164,000.00
- Northwestern University - $162,030.00
- New York University - $160,130.00
- Duke University - $157,546.00
- University of Southern California - $154,339.00
Average Tuition Costs by State for MBA Programs
- New Hampshire - $103,312
- District of Columbia - $83,309
- Massachusetts - $74,395
- Oregon - $61,583
- New York - $61,321
- California - $59,093
- Pennsylvania - $54,581
- Connecticut - $51,233
- New Jersey - $51,100
- Maryland - $50,582
- Illinois - $48,710
- Washington - $48,319
- Ohio - $47,833
- Virginia - $45,876
- Michigan - $45,734
- Minnesota - $44,597
- Tennessee - $44,060
- Arizona - $40,003
- Colorado - $38,995
- Texas - $37,995
- North Carolina - $37,844
- Florida - $37,711
- Utah - $36,682
- Wisconsin - $33,557
- Louisiana - $33,470
- Indiana - $32,023
- Missouri - $31,909
- Vermont - $31,878
- Georgia - $31,430
- Rhode Island - $29,922
- Delaware - $27,790
- Oklahoma - $27,566
- Wyoming - $26,460
- Iowa - $25,779
- Kentucky - $25,407
- South Carolina - $25,244
- Montana - $24,913
- West Virginia - $21,722
- Alaska - $21,467
- Nebraska - $21,340
- Hawaii - $21,288
- Mississippi - $21,282
- North Dakota - $21,022
- Alabama - $21,005
- Nevada - $20,392
- Maine - $19,935
- Kansas - $19,893
- New Mexico - $18,520
- Arkansas - $17,073
- Idaho - $15,079
- South Dakota - $14,503
What Typical Classes for an MBA in International Business
- International Business. International Business focuses on the various social, cultural, legal, and environmental factors that occur in order to conduct business as a global firm with a presence in diverse markets. This coursework will provide you with a first-hand glimpse of how multinational organizations make decisions in their respective industries.
- Financial Management Policy. Financial Management Policy is designed to raise awareness about the impact that global transactions can have on a firm’s financial success. This course will allow you to analyze financial management instruments that require the use of working capital, capital budgeting, and capital structure.
- Global Accounting and Financial Analysis. Global Accounting and Financial Analysis zoom in on the financial and accounting techniques that are required to conduct business between borders. This course will also permit you to focus on what analytical approaches are required to conduct business internationally and how those approaches have the potential to impact stakeholders and organizations.
- Global Marketing Management. Global Marketing Management highlights what marketing research is required in order to be competitive in foreign markets. While studying this course, you will be able to discuss product sourcing strategies, relationship marketing, social media marketing, and business-to-business marketing.
What is the Average ROI for International Business MBA Programs?
The average ROI full-time for MBA programs in International Business is 144% with a highest of 567% and the lowest of 30%.
Return on investment (ROI) is an essential factor when considering which MBA program(s) to apply to. To calculate ROI, consider both the tuition for the MBA program and the average salary a graduate earns. The average tuition cost for an MBA degree in International Business is approximately $45,419.83, while the average starting salary for MBA graduates is around $82,477.25. To calculate ROI, you need to subtract the tuition from the salary and divide by the tuition cost. This will give you a rough estimate of how much value you will get out of the MBA International Business.
The average ROI for all MBA programs in the United States is 146%. The average ROI for International Business programs is 144%.
ROI for International Business MBA Programs
- Average: 144% from 867 International Business MBA Programs
- Lowest: 30% from Rochester Institute of Technology
- Highest: 567% from Tennessee State University
10 International Business MBA Programs with the Best ROI
- Tennessee State University - 566.59%
- California State University, Bakersfield - 547.66%
- The University of Rhode Island - 524.26%
- Indiana University Northwest - 502.82%
- Texas A&M University-Texarkana - 458.20%
- Sonoma State University - 454.50%
- Indiana University Southeast - 433.43%
- California State University, Chico - 421.77%
- Savannah State University - 413.81%
- Indiana University South Bend - 404.26%
10 International Business MBA Programs with the Lowest ROI
- Rochester Institute of Technology - 29.90%
- The University of Tampa - 30.70%
- Miami University - 34.00%
- Cornell University - 35.29%
- University of California, Riverside - 36.79%
- St. John's University - 37.63%
- Chapman University - 39.06%
- Ohio Northern University - 39.25%
- Claremont Graduate University - 41.85%
- Tulane University - 41.90%
Average ROI by State for MBA Programs
- Idaho - 270%
- New Mexico - 235%
- Indiana - 224%
- Maine - 220%
- Nevada - 216%
- North Dakota - 208%
- Rhode Island - 208%
- Nebraska - 207%
- Kansas - 203%
- Georgia - 201%
- Arkansas - 201%
- Montana - 196%
- Hawaii - 189%
- Alaska - 187%
- Mississippi - 185%
- Kentucky - 179%
- Oklahoma - 178%
- Wyoming - 176%
- Utah - 174%
- Alabama - 174%
- South Dakota - 173%
- Texas - 171%
- Tennessee - 170%
- Arizona - 170%
- Iowa - 168%
- Missouri - 159%
- California - 152%
- South Carolina - 152%
- Wisconsin - 148%
- North Carolina - 147%
- Illinois - 142%
- Minnesota - 140%
- West Virginia - 137%
- Florida - 135%
- Maryland - 132%
- Ohio - 131%
- Washington - 131%
- Louisiana - 127%
- Virginia - 126%
- Connecticut - 125%
- Colorado - 125%
- Delaware - 125%
- Michigan - 122%
- Pennsylvania - 104%
- Vermont - 104%
- Massachusetts - 102%
- New York - 97%
- New Jersey - 88%
- New Hampshire - 65%
- Oregon - 64%
- District of Columbia - 62%
What is the Average GMAT Needed for International Business MBA Programs?
The Graduate Management Admission Test (GMAT) is a standardized examination used by MBA schools to assess their applicant pool. The test is strategically designed to measure an applicant’s analytical, verbal, writing and mathematical skills. The GMAT is used as a predictor of success in MBA programs and tests one’s ability to successfully handle the advanced quantitative and qualitative study of business and management.
The average GMAT scores full-time MBA programs in International Business is 566 with a highest of 737 and the lowest of 265
More than 233 AACSB accredited MBA programs do not require their applicants to take GMAT exam. Many well-known programs such as the University of Michigan and the University of California, Los Angeles no longer require the exam. If you are unsure where you would like to take your program, then you should take the GMAT sooner rather than later so you don’t lose time meeting the score requirement of a program.
The average GMAT score needed for a International Business MBA program from an institution is between 265 from University of Wisconsin-River Falls to 737 from Stanford University. The average GMAT scores for International Business MBA programs is 566.
Average GMAT Score for International Business MBA Programs
- Average: 566 from 867 International Business MBA Programs
- Lowest: 265 from University of Wisconsin-River Falls
- Highest : 737 from Stanford University
10 Highest GMAT Scores for International Business MBA Programs
- Stanford University - 737
- New York University - 733
- University of Pennsylvania - 733
- Columbia University - 732
- University of Southern California - 732
- Harvard University - 730
- Northwestern University - 729
- University of California, Berkeley - 729
- Dartmouth College - 726
- Massachusetts Institute of Technology - 724
10 Lowest GMAT Scores for International Business MBA Programs
- University of Wisconsin-River Falls - 265
- Clark Atlanta University - 318
- Auburn University at Montgomery - 370
- Southeastern Louisiana University - 375
- Metropolitan State University of Denver - 390
- University of New Haven - 399
- National University College - 400
- California Lutheran University - 400
- Northcentral University - 400
- Iona University - 420
Average GMAT Scores by State for MBA Programs
- New Hampshire - 643
- Vermont - 640
- District of Columbia - 639
- Massachusetts - 623
- Oregon - 608
- Indiana - 602
- Oklahoma - 597
- Maryland - 586
- Ohio - 582
- Mississippi - 581
- Idaho - 579
- New York - 579
- Minnesota - 577
- Pennsylvania - 571
- Illinois - 571
- New Mexico - 569
- Missouri - 566
- Montana - 565
- Iowa - 565
- Tennessee - 564
- Texas - 564
- Maine - 562
- Washington - 561
- Nevada - 557
- South Carolina - 556
- California - 555
- Connecticut - 555
- Virginia - 554
- Arkansas - 553
- Georgia - 551
- New Jersey - 551
- Michigan - 550
- Wisconsin - 550
- North Dakota - 550
- Arizona - 549
- Nebraska - 549
- Utah - 547
- Colorado - 544
- South Dakota - 544
- Kentucky - 541
- Kansas - 536
- Rhode Island - 536
- Delaware - 534
- North Carolina - 533
- Florida - 532
- Louisiana - 528
- Alaska - 524
- Hawaii - 520
- Alabama - 515
- West Virginia - 507
- Wyoming - 460
Student / Faculty Ratio for International Business MBA Programs
Faculty to student ratio is an important factor in the quality of education you will receive. The lower the ratio, the more individualized attention you will receive. The more individualized attention you receive, the greater the odds you will understand the material better.
Student / Faculty Ratio for International Business MBA programs offering a International Business concentration varies between 1:1 and 63:1 with an average of 16:1 students.
The ratios provided are based off all MBA programs regardless of concentration. To discover what the ratio is for the program you are interested in, research the faculty pages of the school and average size of the programs. Faculty could be part or full time. Many also work in the concentration and can provide the students with real-world examples.
10 International Business MBA Programs with the Lowest Student Faculty Ratio
- Middlebury Institute of International Studies at Monterey - 1:1
- Seattle Pacific University - 2:1
- Massachusetts Institute of Technology - 3:1
- Dartmouth College - 4:1
- Naval Postgraduate School - 4:1
- Trinity University - 4:1
- Worcester Polytechnic Institute - 4:1
- U.S. Coast Guard Academy - 5:1
- Washington and Lee University - 5:1
- Woodbury University - 5:1
10 International Business MBA Programs with the Highest Student Faculty Ratio
- Louisiana State University Shreveport - 63:1
- San Diego State University - 47:1
- The University of Mississippi - 35:1
- Arizona State University - 34:1
- The University of Arizona - 32:1
- Florida State University - 31:1
- University of Missouri - 30:1
- California State University, Sacramento - 30:1
- Auburn University - 30:1
- Baruch College-The City University of New York - 30:1
Which International Business MBA Programs Have the Highest Student Enrollment?
When reviewing how the student population is spread across program formats, you will find the highest concentration of students are, then part time, then full time. The concentration is spread based on flexibility. The higher the flexibility (aka the least amount of scheduled class time), the higher the number of students.
The average Student Enrollment for full-time MBA programs in International Business is 305 with a highest of 3,933 and the lowest of 4
There are pros and cons to small cohorts versus large cohorts. Small cohorts can become very cohesive and encourage each other to make it through the program. However, if the personality dynamic is off, it is hard to find new group members in a smaller pool of students.
The large cohorts cultivate a variety of approaches to solve the same problem, help others to think outside of the box and foster creativity. However, you could feel like just a number and desire more individual attention. When researching schools, try to reach out to current students and ask about the culture to help you decide which type of culture best suits you.
10 International Business MBA Programs with the Highest Student Enrollment
- The University of Texas at Dallas - 3,933
- University of Southern California - 2,122
- The University of North Carolina at Chapel Hill - 2,031
- Duke University - 2,012
- Boston University - 1,615
- The University of Texas at Austin - 1,594
- Cornell University - 1,290
- Baruch College-The City University of New York - 1,283
- The University of Michigan - 1,280
- Rice University - 1,277
10 International Business MBA Programs with the Lowest Student Enrollment
- University of Nebraska at Kearney - 4
- Ohio Northern University - 4
- Northwestern State University of Louisiana - 6
- University of Illinois at Springfield - 7
- Oklahoma City University - 8
- Abilene Christian University - 10
- State University of New York at Geneseo - 12
- State University of New York College at Plattsburgh - 13
- University of Wisconsin Oshkosh - 13
- Stonehill College - 16
Career Outlook, Job Opportunities, Roles, Industries for a International Business MBA
What is the Career Outlook for an MBA in International Business
An MBA in International Business provides B-Students with a distinct advantage in the corporate world. According to the U.S. Bureau of Labor Statistics, employees that possess a master’s degree or higher will have a 20% increase in their salary compared to employees that have only a bachelor’s degree.
There are many industries in the global economy that actively pursue MBA in International Business graduates. Whether it’s science and technology, international trade, healthcare innovation, global financial services and transactions or e-commerce entrepreneurship, the sky is the limit for MBA in International Business graduates. This is particularly true for startups that are actively recruiting MBA graduates from accredited institution across the globe. If you ask an MBA graduate, you will find the majority describe their B-School investment as financially, personally, and professionally rewarding.
What Can I Do in International Business?
The career path for someone with an MBA in International Business is endless. Here are some targeted career options for graduates:
- Export Management
- Import Management
- International Sales
- International Business Transactions
- Global Sourcing and Purchasing
- Global Business Development
- International Financial Management
- International Accounting
- Global Mergers and Acquisitions
- Global Human Resources
- Expatriate Management
- Global Strategy
- International Management Consulting
How Can I Promote Myself with an International Business MBA
Learning another language will be instrumental to your success as an international business manager. Whether it’s Arabic, Mandarin, Spanish or French, you will have a distinct advantage over job prospects seeking a high level position at a multinational company. Additionally, you will have an edge over the competition if you keep up-to-date with productive technological advancements and social media growth strategies.
If you decide to pursue an MBA in International Business, here are some of the career opportunities:
- Entrepreneur – At times, Entrepreneurs are forgotten in business school. This is particularly true for Entrepreneurs that have a global edge. By achieving an MBA degree, it will provide you with the tools to set up a company in different countries or to source products there. It will also allow you to have the technological strategies to implement a social media strategy effectively in many markets.
- Regional Office Manager at a Multinational – Having an MBA could allow you to be promoted to serve as a leading manager for a major multinational company. This is something that could have you in charge of the headquarters of a major bank in Asia or have you leading the oil and gas office headquarters in Africa or the Middle East, for example. Depending on the area of study that you select, it is absolutely possible for you to lead a major portion of a project within a multinational firm.
- Consulting Specialist – One of the major roles that consultants face is assisting global firms with entering new markets. These opportunities exist in the legal capacity, but also in marketing efforts in terms of effective strategies to boost sales. If you are able to obtain employment at a top global consulting firm, you will be able to study a region intensively and lead projects there with major global business players.
- Global Marketing Director – There is an increased demand for MBA graduates that have an international marketing background. If you have focused on marketing in your MBA coursework, you will have many global career opportunities available to you such as: working as a social media strategist for an international fashion company, serving in Facebook’s office in Seoul or even, working for a leading financial institution’s marketing department in Singapore.
- Financial Manager – Multinational firms desperately need financial managers in all of their regional offices. Given the high value of the transactions, it is important to have an MBA graduate with strong skills and high ethical principles. If you choose this career path and have fluency in multiple languages, you will succeed in this role.
- Business Strategy/Development Director – Top level firms are always looking for fresh minds to lead their business development strategy. Currently, there is a demand for MBA graduates, particularly those that have the capability to work in the international sector. If you have an MBA degree, you will be competitive for a business development strategy role in a multinational firm.
- Foreign Policy Advisor – In diplomatic posts, there is an elite level that is reserved for lawyers and MBA graduates that have skills with foreign languages. These jobs are lucrative, fascinating, and will allow you to travel the world during your career.
- Global Trade Compliance Directors – If you are interested in trade and the import/export world, it is absolutely possible to work in a firm that needs an upper-level manager of their operation to include: following trade regulations, developing a distribution chain, and sourcing products in developing markets.
Qualities That Make A Successful International Business Leader
Sector | Description |
---|---|
Communication skills | Being able to communicate effectively is something that is required to be a top-level professional in the international business world. You will be required to have the ability to negotiate with others, explain their policies, and manage subordinates. |
Decision making skills | At times in business, it is important to be able to make difficult decisions that will greatly alter the potential future success of the business. As an upper-level manager, you will be required to have decision making skills in order to make strategic decisions to keep the business operating efficiently. |
Leadership skills | Top executives regularly have to make decisions. In this role, you will be required to navigate the management of people, resources, and policies in a manner that serves the health of the organization. |
Management skills | In a top executive role, you will need to have strong management skills for the day-to-day operations of the business. You will have to design operations strategies, budgets, and business plans for the organization. |
Problem-solving skills | Executives need to be able to problem solve with varying issues in the organization on a daily basis. In this role, you will have to have the ability to problem solve efficiently to benefit your firm’s well being. |
Time-management skills | Time-management is an essential skill to being a top executive. As a top executive, you will have to make every effort to organize your time effectively in order to have a healthy balance between business development, managing existing clients, and staff management. |
What are the Outcomes for an International Business MBA Program
- You will be able to learn strategies to manage employees from multiple backgrounds.
- Once you develop your quantitative reasoning skills, you will be able to solve issues based on your knowledge of economics, finance, statistics, and mathematics.
- After completing your MBA program, you will have a strong sense of how to develop business plans that improve the day-to-day operations of the business.
- You will have the ability to apply quantitative and qualitative research to case studies and evaluate whether the proper research has been completed.
- Once you have a strong understanding of economic principles, you will be able to analyze what potential economic problems and opportunities exist in a particular situation.
- You will develop strong critical thinking skills to apply to issues that come up in the business world.
- Having an MBA forces you to learn about up-to-date technological advancements and how they could make your firm’s business run more efficiently and cost-effectively.
- The MBA curriculum will permit you to see the impact that legal and ethical conflicts have in global business transactions.
- Your communication skills developed from an MBA program will enable you to navigate diverse situations that occur in your role as a top executive.
How We Rank International Business MBA Programs
The team at responsible for program rankings at MBAGuide.org comprises of data science and product management experts. Our ranking team works independently from the editorial team and is not influenced by editorial decisions.
MBAGuide.org employs a comprehensive ranking methodology that combines quantitative data (80% of the score) with qualitative assessments (20%) to evaluate MBA programs. The quantitative component considers factors such as student-faculty ratio, tuition, enrollment, and post-graduation salaries, while the qualitative aspect incorporates editorial ratings and school reputation, providing a well-rounded view of each program’s quality and value.
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Keri Baker is a Pittsburgh, Pennsylvania-based freelance copywriter and MBA-graduate who loves writing about productivity. When she’s not listening to productivity podcasts or researching Apple products, you can find her chasing her pups around or volunteering at the local homeless mission. Feel free to find Keri on Twitter or Instagram @techgirlpgh.