If you’re a business professional looking for career advancement on the global scale, consider earning an online PhD in international business.
It’s an exciting, fast-growing field with new jobs being created every day, and a doctorate degree can give you the background that you’ll need to handle its challenges. Additionally, with an online business degree program, you’ll be able to earn your degree anywhere and anytime.
Best Online Doctorate in International Business Programs
An international business degree can prepare you for work in a variety of fields. Rather than being a specialized degree that trains you for a niche job market, it’s considered a “generalist” degree that you can apply to many different jobs.
Are you good with numbers? You could become an economist that watches worldwide trends or a financial manager that oversees the books for a global company.
Do you have a knack for business? You could find work as a data analyst or management consultant for expanding brands, or you could become a business development director that helps companies launch new products and services overseas.
As befitting a degree with “international” in the title, there are also many opportunities for working abroad. If you’re creative, for example, you could become a global marketing director that works on advertising campaigns in foreign countries.
If you’re more administrative, you could become a logistics manager that supervises cross-country supply routes, you could work in international trade compliance to ensure that companies aren’t cutting corners with overseas shipments.
Some of your career options will depend on the exact degree that you pursue. You’ll have several choices:
- Doctor of Philosophy (PhD) in International Business
- Doctor of Business Administration (DBA) with a concentration in International Business
- Doctor of Philosophy (PhD) in Business Administration or Business Management with an emphasis in International Business
You can also find certification programs for certain aspects of global business. These can supplement your education and add a little extra flair to your resume.
International Business Careers & Salaries
An online PhD in global business can prepare you for a variety of careers. Whether you’re interested in finance, economics, retail, computer science, human resources or foreign relations, a doctorate degree can qualify you for high-level roles that aren’t always open to people with just a bachelor’s or master’s.
The payoffs can be lucrative, too. According to PayScale, the average salary with a PhD in Business Administration is $105,200 per year. For a PhD in Business Management, it’s $91,953 per year.
What can you do with a doctorate degree in international business? Here’s a small sampling of careers and wages:
|Careers||Average Annual Salary|
|Chief Executive Officer/CEO||$179,000|
|Government Program Manager||$179,000|
|Foreign Exchange Trader||$160,000|
|Director of International Trade Compliance||$130,000|
|Postsecondary/Higher Education Professor||$122,000|
Just remember that these are average salaries and not full salary ranges. For example, a university professor can make anywhere from $51,000 – $163,000 per year. Having a PhD usually puts you on the higher end of that salary range, but it isn’t a guarantee.
International Business Curriculum & Courses
PhD programs are just as different as the professors that teach them, so your exact curriculum as a PhD student will depend on what you’re studying, where you’re attending school and what specializations or certifications that you’re seeking.
To give you an idea of your potential course load, however, here are a few classes that are often taught to international business students at the PhD level:
- Research Methods: Expect to take multiple classes in research methodology and analysis as a PhD student.
- International Business Law: These classes cover things like tariffs, taxes, treaties, contracts and licensing agreements between global brands.
- Econometrics: Econometrics is at the junction of statistics and economics. A highly data-driven subject, it’s usually offered as an elective for business students, but some universities might have it as a core class.
- Cultural Studies: These classes can have many different names, including “Customs and Cultures Across Borders” and “Cultural Aspects of International Trade,” but they’re all focused on doing business in unfamiliar lands.
- International Finance and Banking: These classes can help you navigate international finance and all of its currencies, markets and exchanges.
- Global Politics: This is a must-have for government work and a nice-to-have for any international business student who wants a background in things like economics and foreign policy.
- Leadership and Management: While not exclusive to international business programs, these classes can be valuable to future business leaders who want a strong foundation in communication, organization and workplace infrastructure.
- Strategic Decision Making: Learn how to assess risks and solve problems with classes that combine old-fashioned critical thinking with new-school data analysis and business management.
- Special Topics in International Business: There’s always something happening in global business, and these courses adapt to the times by offering current, relevant studies on topical subjects.
- Dissertation: Most PhD programs require a dissertation, and you can expect to spend several semesters drafting, proposing, researching and defending it.
You should also speak to your university about the face-to-face requirements of your degree. Even if you’re enrolled in an online program, you might need to fulfill internship obligations or complete business practicums to give you real-world experience in the field.
Admission to a doctorate program can be quite competitive. To improve your chances, do your research on what the school is looking for in its PhD candidates.
Typical admissions requirements can include:
- College transcripts. You’ll need to submit your bachelor’s and master’s degree transcripts. If you haven’t taken any prior coursework related to business, you might need additional documentation to prove that you can handle graduate-level study for it.
- Test scores. Many PhD programs will want to see GRE or GMAT scores. However, there are some schools where this requirement can be waived.
- Letters of recommendation. You’ll want 2 – 3 letters of recommendation from suitable individuals such as professors and industry personnel.
- Resume or CV. Include all jobs, licenses, certifications and publications that demonstrate your proficiency for international business.
- Statement of purpose. Also called a “letter of intent” or “research statement,” this is your chance to showcase your passion for international business and to mention any other accolades or achievements that might sway the admissions board.
Start early with the PhD admissions process. Some universities have deadlines that are months in advance, and you don’t want to miss your window of opportunity.
As a post-graduate student, you probably know about the importance of accreditation, but it can take on an even deeper meaning for PhD students.
Since you could be pursuing this degree for anywhere from 3 – 7 years, you’ll want to make sure that every credit counts. You’ll also want the security of knowing that your credits are transferable if you ever need to change programs.
The key is to find a university that’s regionally accredited. This is one of three types of accreditation, and it’s considered the gold standard. You can search for regionally accredited schools through the Council for Higher Education Accreditation (CHEA).
National accreditation and programmatic accreditation are also available, but you’ll want to be careful with them. Sometimes, regionally accredited schools won’t accept transfer credits from nationally accredited schools or vice versa.
Financial Aid and Scholarships
The first step to the financial aid process is filling out the Free Application for Federal Student Aid (FAFSA).
It’s a common misconception that FAFSA can’t do anything for post-graduate students. In reality, they have an entire loan program called the Direct PLUS Loan for Graduate or Professional Students. They can also determine your eligibility for other types of federal- or state-sponsored assistance.
Another option is scholarships. You can find them for every degree type, including doctorate degrees:
- Walter Byers Postgraduate Scholarship
- National Academy of Human Resources Graduate Scholarship
- Maryland Graduate and Professional School Scholarship
You can also find business scholarships that are open to students at multiple levels of study, including:
- AfterCollege Business Student Scholarship
- Government Finance Officers Association Scholarship
- Association of Insurance Compliance Professionals Scholarship
Last but not least, ask your school about special funding for PhDs. You might qualify for fellowships or assistantships that can reduce your tuition costs. Some universities even offer fully-funded PhDs that will provide you with a stipend.
What Can You Do With a PhD in International Business?
An international business degree can take you in many different directions. If you want to work with data, for example, you could become an economist, market researcher or business intelligence manager. If you’re interested in working overseas, you could become an international trade analyst or foreign service officer.
If you like research, many PhD holders become full-time researchers, or they find teaching or consulting jobs in universities, government agencies and Fortune 500 companies.
There are endless career opportunities for international business students. Whether you’re interested in finance, policy, technology, marketing or even political science, a doctorate-level degree with a global emphasis can be a very good bet for the future.
Can I Pursue a PhD After an MBA?
It’s entirely possible to pursue a doctorate degree after getting your MBA.
One of the most common tracks is to go from a Master of Business Administration (MBA) to a Doctor of Business Administration (DBA), but you can also opt for other business-related degrees. The same can be applied for an online Master’s in International Business to a Doctor of Philosophy (PhD) in International Business.
Are There Any Affordable Online Doctoral Programs in International Business?
The cost of a PhD program can vary from $200 per credit to more than $2,000 per credit. Your tuition rate will depend on where you go to school, how many credits that your program requires for graduation and what kind of financial assistance that you’ll receive.
You might also want to look into schools with special pricing models. For example, some universities offer banded tuition if you take a certain number of credits each semester, or they might lower tuition for PhD students in their third year of study or above.
Is a PhD in International Business Worth it?
Everyone has their own criteria for deciding if a degree is worth their time and effort. That said, a PhD in international business can offer a large return on your investment. The average salary is more than $105,000 per year, and that figure can climb to almost $200,000 per year for the top earners in the field.
Additionally, according to the U.S. Bureau of Labor Statistics, business and financial occupations are projected to grow by seven percent over the next decade. That’s faster than the national average, so a degree in a related field can leave you well-poised for employment.
Universities Offering Online PhD in International Business
Each of the universities included below are regionally accredited and offer international business phd degree online.
Students graduate from Capella University’s Doctor of Business Administration in Global Operations and Supply Chain Management with the ability to increase their involvement in global operations. The program, administered online and in person, includes eight core courses, four specialization courses, one doctoral research project, and two residences.
Graduates, drawing on their training in global supply chain design and financial decision-making, are positioned to work in global operations and supply chain management positions around the world.
- DBA in Global Operations and Supply Chain Management
Capella University is accredited by the Higher Learning Commission.
Florida International University’s PhD in Business Administration gives students a solid foundation in methodological and theoretical training that can catapult their careers forward.
The program requires, among other things, that students choose a concentration in one of accounting, finance, information systems and business analytics, management and international business, and marketing. Graduates gain the skills needed to re-energize their careers.
- PhD in Business – Management and International Business
Florida International University is accredited by the Commission on Colleges of the Southern Association of Colleges and Schools.
Students who earn a Doctor of Business Administration degree from Keiser University graduate prepared to advance their careers in the global marketplace. The program is offered online through the university’s graduate campus.
Graduates leave the program with the ability to work in positions that require assessing business practices from a multi-disciplinary point of view, developing policies and programs, and synthesizing research data to solve complex issues.
- DBA in Global Business
Keiser University is accredited by the Southern Association of Colleges and Schools Commission on Colleges.
Liberty University’s Doctor of Business Administration equips students with skills they need to become industry leaders, thought leaders, and executive leaders. Graduates gain the problem-solving and critical-thinking skills needed to serve at the management levels in the corporate world.
The completely online program goes for an average of three years with 60 credit hours.
- DBA in International Business
Liberty University is accredited by the Southern Association of Colleges and Schools Commission on Colleges.
Northcentral University’s International Business Specialization, PhD-BA equips students with the skills they need when doing business outside of U.S. borders. Students, who will get one-to-one teacher-professor facetime, are required to take 20 courses that add up to 60 credit hours.
They will exit the program prepared for careers in international trade, international leadership, marketing, and management.
- PhD in International Business
Northcentral University is accredited by the WASC Senior College and University Commission.
Students who graduate from Ohio State University’s Management and Human Resources PhD with a specialization in international business develop the ability to conduct top-class research.
Specifically, graduates are equipped to apply their research skills in management capacities with specializations in strategic management, entrepreneurship, international business, human resource management, and more.
The four-year program involves a rigorous coursework schedule that includes seminars, statistics courses, elective courses, dissertation credits, and more.
- PhD in International Business
Ohio State University is accredited by the Higher Learning Commission.
Students graduate from the Richard A. Chaifetz School of Business’ International Business and Marketing, PhD program with the skills needed to pursue a career in academia. After completing the intensive program, students are prepared to pursue academic careers, usually as faculty at business schools.
The 54-credit program combines coursework, research seminars, teaching, and dissertation experience.
- PhD in International Business and Marketing
Saint Louis University is accredited by the Higher Learning Commission of the North Central Association of Colleges and Schools.
Southern Hampshire University prepares students interested in business or academia for success through its PhD in International Business. Graduates leave with the skills needed to further their careers in applied business or to pursue teaching professions at colleges or universities.
Since the degree is offered as a cohort program, students can choose either a campus option or an executive low-residency option that features online and campus components.
- PhD in International Business (Hybrid)
Southern New Hampshire University is accredited by the New England Commission of Higher Education.
After earning a PhD in Business Administration from the University of North Carolina – Greensboro, students gain the skills needed to take on an academic career at an institution of higher learning.
Graduates are positioned to succeed in an academic career through a heightened understanding of different conceptual and empirical research methodologies as well as a strong grasp of scholarly literature in the field.
All courses are delivered in an online format — with students only required to go to campus for orientation, exams, and dissertation defense.
- PhD in Business Administration – International Business
The University of North Carolina at Greensboro is accredited by the Southern Association of Colleges and Schools Commission on Colleges.
Walden University’s International Business doctorate degree program prepares graduates with the skills to advance their business interests. Required to focus on a degree specialization such as accounting, finance, global supply chain management, students leave the university prepared to fulfill their personal and professional goals.
The program is delivered online, and students are required to choose from one of three capstone options — namely traditional doctoral study, portfolio, or consulting.
- DBA in International Business
Walden is accredited by The Higher Learning Commission.
Getting Your Doctorate in International Business Online
Earning a PhD in international business can really propel you forward in the field. Not only will it give you a strong foundation in things like finance, marketing and management, but it will also channel your studies through a global perspective to prepare you for the realities of the international market.
If you enroll in an online program, you’ll also be able to complete your coursework without being tied down to a college campus.
Start reaching out to universities to get more information on their online PhD programs for international business. You’ll want to start the application process early to have the best chances of admission, so there’s no reason to wait.