INTERNATIONAL BUSINESS: Salaries

Do you want to earn big bucks? Maybe you just want to be able to pay off those student loans. Salaries and what we earn are an important part of any career decision. A desire to go into international business should not be based solely on what you will earn. The difference in pay from overseas employment will not be exponentially different from what you would earn here.
A decision to work internationally ideally should be predicated on other factors. There are a multitude of career opportunities in international markets. Your business skills are transferable to these other environments so that is the good news.
Just as in the domestic business marketplace, salaries vary widely depending on your industry. Different roles, positions and titles within a company also portray a wide variance in salary levels. When you go international, who you work for and where, will change the salaries paid.
If you pick an International Finance career and you are in management the median annual salary is near $109,740. You won’t be hired at this level of management straight out of college but this provides a benchmark.
If you are a staff consultant to your business and you go overseas for management, the median salary is near $78,600 annually. This salary will go much higher if you are an independent consultant but then your expenses will be on your own account.
An international marketing manager can expect to earn $119,480. Sometimes a marketing manager’s salary has additional bonuses for above average sales goals achieved. These are just some of the more popular positions in international business.
Not everyone that works internationally needs to focus solely on business. An international business translator or interpreter can earn $45,430. Here you are not making the business decisions just relaying the message. Having a business background will still help in this position. You will need to be familiar with terms used and common business practices.
Depending on the company you work for, often your foreign housing and living costs are absorbed by the company. A daily stipend may also accrue, making time overseas quite lucrative.
Sources cited: U.S. Bureau of Labor Statistics’ 2014-15 Occupational Outlook Handbook

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