International business is the study of business transactions that cross national boundaries. It includes the study of international trade in tangible and intangible goods and commodities; the study of banking, insurance, marketing and other international service transactions; and the analysis of direct and portfolio investments made outside the domestic market. Transactions of both private and public entities are studied with a special focus on the operations of multinational corporations. International business involves all functional business areas and explores how these functions are impacted by expanding beyond the national area. Particular emphasis is placed on the challenges presented by different socio-cultural, political and economic environments.

Related Jobs International business studies should be undertaken in conjunction with a strong functional program. While international business specialists are increasingly attractive to many firms, most entry-level positions are in the functional business areas. International business specialists have traditionally been employed by larger, international firms, but there are growing opportunities in smaller firms moving into international markets, in banks and financial institutions, and in companies providing assistance to importers and exporters. International business specialists are also employed by the Department of Commerce; the U.S. Import Export Bank; and other federal, state, local and international agencies specializing in the areas of trade and economic development. Positions frequently include the opportunity to work on assignment overseas. Many students graduating from international business programs also continue their training in graduate programs in law and business. For students looking to complete PhD programs, there are colleges and universities in need of professors to teach the various international business courses.