Market Integration – Golden Opportunity in International Business
In the context of an increasingly globalized world, International Business is emerging as an important and indispensable field in all economic activities. From cross-border trade, international supply chain management, to building global marketing strategies, this industry is constantly asserting its role in connecting markets around the world.
1. What is International Business?
International business focuses on the exchange and trade between countries and regions. It is a field related to the management, operation and development of business activities that cross national borders. Students studying this major will be trained in skills such as international market analysis, negotiation, and global strategic management.
2. What can I do after graduating from International Business?
With thorough preparation in professional knowledge and necessary professional skills, International Business students are fully capable of grasping promising career opportunities. In addition to extensive knowledge, soft skills such as negotiation, situation handling and especially the ability to use English fluently are essential factors to help expand career paths.
According to statistics, in Vietnam, the average income of people working in the International Business industry in the position of employees is usually around 6 – 9 million VND/month. For management positions, the salary can reach 20 – 40 million VND/month. Meanwhile, in Australia, experts in this industry can receive a salary of 50,000 – 65,000 AUD/year for employees and 75,000 – 135,000 AUD/year for managers.
3. Difficulties in international business
3.1 Fierce competition:
In the context of increasingly deep globalization, the International Business industry is becoming one of the most fiercely competitive fields. Enterprises and corporations not only face domestic competition but also have to compete with international competitors. This creates a constantly changing working environment, where employees in the industry must always adapt and improve themselves to survive and develop.
- Rapidly changing trends: International businesses have to face constantly changing market trends, technology, and customer needs, requiring employees to always update their knowledge.
- Accumulate practical experience: Regularly apply knowledge into practice through multinational projects to familiarize themselves with the practical challenges of the global business environment.
- Diverse Skills: In addition to industry knowledge, soft skills such as leadership, cross-cultural communication, and problem solving are also essential.
- Lifelong Learning: Not just by taking courses or getting degrees, but also by learning from colleagues, partners, and new situations.
3.2 Work Pressure:
In the international business industry, one of the major challenges that employees often face is working with markets with different time zones and cultures. This is not only a time pressure, but also requires agility, flexibility, and adaptability to overcome.
- Time management: Coordinating with partners or customers in different time zones can lead to irregular work schedules, often having to work during non-business hours.
- Cultural differences: Understanding and respecting each country’s customs, communication methods, and codes of conduct are essential to building long-term relationships.
- Work stress: Fast response times, coupled with high expectations in a global environment, can easily lead to constant stress and pressure.
- Adaptability: Must remain flexible and responsive to handle unexpected situations while satisfying international partners.
3.3 Foreign language skills:
In the field of international business, foreign language skills are not only a basic requirement but also a strategic factor. Although this industry has many challenges, in this environment, we will develop many skills.
- Building international relationships: Connecting with partners, customers, and investors from many different countries.
- Understanding business culture: Language is a bridge to better understand the customs, working methods, and expectations of each market.
- Personal career development: People with good foreign language skills are often given priority in senior positions or jobs of a global nature.
- Negotiating effectively: Grasping the meaning in communication, thereby negotiating more convincingly and flexibly.
- Reading and understanding specialized documents: Accessing and researching information, trends, or international documents quickly and accurately.
4. Top Universities training in International Business:
- Foreign Trade University Campus II (FTU – Ho Chi Minh City)
- University of Economics Ho Chi Minh City (UEH)
- Hoa Sen University – De Montfort International Programme (DMU)
- International University, Vietnam National University – Ho Chi Minh City (HCMIU)
- Ho Chi Minh City University of Technology (HUTECH)
- Ho Chi Minh City University of Economics and Finance (UEF)
5. International Business – Hoa Sen University – De Montfort International Programme (DMU)
Hoa Sen University – De Montfort International Business (DMU) offers an international standard training program, combining modern business theory and practical skills. Students study in a multicultural environment, access knowledge about global business and develop leadership and creativity skills. This is an ideal opportunity to prepare for a career in a dynamic and competitive international business environment.
See more:
Between International Business and International Relations: Which choice is for you?
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CONSULTATION CONTACT: De Montfort University – HSU Vietnam (Institute of International Education)
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