There is no bigger truism than that business and technology are making the world smaller. But you know what? Sometimes they are truisms because they are . . . true.
These days, if you want to work in business, anything more than a mom and pop grocery is probably going to involve some degree of international expertise. For that reason, it is necessary for any successful business person to have some education on the global market. And doing it without breaking the bank is important, which is why we’ve assembled this ranking, along with a ranking of the most affordable online colleges.
However, in addition to your standard business student sitting through international business classes simply to get their degree, there is another individual for whom the call of travel and foreign cultures is an obsession.
Top 10 Most Affordable Online Master’s in International Business Degrees
||University of North Dakota
||Grand Forks, ND
||St. Thomas University
||Miami Gardens, FL
||Boca Raton, FL
||Indiana Wesleyan University
||Dallas Baptist University
||Florida Institute of Technology
||Florida International University
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Accredited Online College Programs
These are often the folks who seek advanced degrees in international business. The following degrees are an excellent means to scratch that cosmopolitan itch.And why not make a little money while scratching that itch? Getting an MBA with an international business concentration or a MIB (Masters of International Business) can significantly improve your employability and earning potential.
This is particularly the case for those who speak one or more foreign languages. According to the Bureau of Labor Statistics, translation and interpretation services are slated to grow an astonishing 29% over the next ten years. And polyglots who benefit from an MBA or MIB’s coursework in import/export regulations, international finance, and international marketing are going to send their earning potential through the roof.
Those who are already locked into a job (perhaps even a job overseas) or who do not have the freedom to move on campus are going to want to avail themselves of the flexibility offered by an online degree.
If getting the most education for your dollar is one of your highest priorities in your search for the right online program, you’ve come to the right place.
We at College Choice have put in hours upon hours of research into the most affordable online degrees in international business. If you dream of landing a job in international financial management or marketing, jetting around the world, or living the life of an expat in a foreign country, we have found the programs that will allow you to reach that goal with the fewest out of pocket costs.
So say tchau, ciao, adios, au revoir, zaijian, or auf Wiedersehen to your old career because adventure and a new life lay ahead.
See our rankings methodology page.
University of North Dakota
The school with the most affordable master’s degree in International Business goes to the University of North Dakota- the state’s largest public research university. Their College of Business and Public Administration offers a fully online MBA that includes a concentration in International Business. The MBA without the concentration is 34 credits and an additional 2 credit hours required for the International Business Concentration.
The program’s core curriculum focuses on leading and managing business enterprises, including isolating problems, defining a range of workable solutions, and using leadership and management skills to implement those solutions successfully. This core curriculum is further specified to a global context by courses on the global business environment as well as required coursework with a foreign university chosen in consultation with one’s MBA director. UND had been regionally accredited by the Higher Learning Commission.
St. Thomas University
Miami Gardens, FL
St. Thomas University is a Catholic university in Miami Gardens, Florida. The school, run by the Augustinian Order, was founded after Castro expelled the Augustinians from Cuba in 1961, where they had previously run a university in Havana. STU’s Gus Machado School of Business offers a 30 credit online Master’s of International Business.
The program is intended to educate aspiring business leaders who want to help lead the international extensions of domestic companies, or foreign companies with operations in the United States. One advantage of STU’s program is that motivated students can finish the degree in as little as one year. St. Thomas University has been regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges.
Tiffin University is a small private university in Tiffin, Ohio, but has satellite campuses in three other Ohio cities as well as a partner campus at the University of Bucharest in Romania. They offer a 36 credit unit MBA with a concentration in International Business. The coursework in Tiffin’s MBA fulfills the requirements for certification with the Ohio Department of Staff Development and Certification.
The program’s core requirements are intended for those hoping to learn the foundational principles of management theory and practice. The coursework in international business instills knowledge of how to apply those principles in a multinational and global environment, in both public and private organizations. Tiffin University has been regionally accredited by the Higher Learning Commission.
Jerry Falwell, the Southern Baptist minister and televangelist, founded Liberty University in 1971. Located in Lynchburg, Virginia, LU is a private, nonprofit, conservative Christian research university. Large by private university standards, Liberty also boasts an extremely large online student population of over 100,000. All of LU’s programs are designed to conform to an evangelical Christian worldview, making it an attractive option for students from that religious background.
Liberty’s online 45 credit-unit Masters in Business Administration-International Business degree focuses on global trade and global financial markets. Graduates of the program have gone on to careers in the international tourism industry, international Christian missions, and shipping and transportation. Liberty has been regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges.
Lynn University is a small private university in Boca Rotan, Florida. Lynn boasts a diverse student population with nearly a quarter of its student body made up of international students. It offers a 36-credit online Masters in Business Administration with International Business Management specialization.
Lynn’s MBA core curriculum emphasizes a broad knowledge of the business world and effective communication and leadership strategies. The international business management emphasis focuses on patterns of global trade and investment and prepares students to work with multinational corporations. Lynn has been regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges.
Indiana Wesleyan University
Indiana Wesleyan is a private, Christian, liberal arts university located in Marion, Indiana. With nearly 16,000 students, it is the largest private university in that state. IWU offers an innovative virtual MBA with an International Business track. What distinguishes a virtual MBA from an ordinary online MBA is that students will participate in a virtual environment similar to Second Life, where they will help run an international company as part of their online learning.
Courses covered in the program include Import and Export, History of International Trade, International Finance, and Organizational Strategy. All of these courses will be applied in a virtual environment, preparing students to use the knowledge they have learned in the degree program to careers in international business. IWU has been regionally accredited by the Higher Learning Commission.
Dallas Baptist University
Dallas Baptist University is a small, Christian, liberal arts university located in Dallas, Texas. Their College of Business has had their degree programs accredited by the Association of Collegiate Business Schools and Programs (ACBSP). They offer a 36 credit unit online MBA with an international business concentration.
The core curriculum prepares students to operate and manage a business with courses such as Management Information Systems, Creative Problem Solving Marketing Decisions, Managerial Accounting, and Corporate Finance. The international business concentration includes additional courses in International Economic and Legal Environment, International Marketing, International Finance, and Global Initiatives in Management. DBU has been regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges.
Florida Institute of Technology
Florida Institute of Technology is a private research university in Melbourne, Florida. The school focuses mainly on engineering and the sciences but also offers an online MBA with several concentrations, one of which is their MBA in International Business. FIT’s business programs utilize a case method approach to education where students analyze how businesses have approached and resolved actual problems in the recent past.
FIT’s program emphasizes how to identify competitive advantage in the complex world of foreign markets, formulate international business strategies, apply financial techniques in global contexts, and carry out innovative international business plans. FIT has been regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges.
Florida International University
Florida International University is a very large public research university located in Miami. Their Chapman Graduate School of Business has been recognized by US News and World Report as having one of the top 20 graduate programs in international business in the country and is accredited by the Association to Advance Collegiate Schools of Business (AACSB). Among their online degree programs is their Masters in International Business.
During coursework to complete this degree, students will learn how different cultures shape consumer behavior, the complex legal framework that structures foreign trade, the dynamics of global production, and how to be an entrepreneur in an international context. FIU has been regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges.
Walden University is an online only, for-profit university headquartered in Minneapolis, Minnesota. Among their online degree programs is an MBA with an International Business Concentration, which has been accredited by the Association of Collegiate Business Schools and Programs. The program utilizes the principles of competency-based education, which allows students to move through course content based on their demonstrating mastery of the material.
Among the courses required for the degree are Competing in the Global Economy, Case Studies in Global Business, Fostering a Culture of Innovation, and Marketing for Competitiveness. A 3 credit capstone course on sustainable business practices completes the requirements for this 36 credit unit degree. Walden University has been regionally accredited by the Higher Learning Commission.