International Business

The international business major provides students with a rigorous foundation for success in today's global business environment. Recognizing that career placement and early stage career success depends on strong skills (e.g. accounting, marketing, finance, human resources, operations, information systems, or entrepreneurship), the international business major must be combined with another major in Carlson. The international business major enhances the student's chosen other major with a comprehensive understanding of the additional complexity and contingencies required when conducting business across international borders.

View a full 4-year catalog of program requirements and course descriptions.

Major Curriculum

Major Requirements:

Note: ALL courses for the major must be taken as A-F grading.

I. Language Study Requirement

At least two college years (four semesters) of a foreign language (or equivalent).

II. International Business Foundations: 3 Courses

MGMT 3040: 2 Credits; The International Environment of Business (must be taken at the Carlson School)

- AND - 

Choose TWO of the following:
(1-2 courses may be double-dipped for the primary major and the IB major)

Course Credits Title & Additional Information
ACCT 5310
2 International Accounting (prereq: ACCT 5101, 5102
FINA 4621 2 The Global Economy (prereq: FINA 3001)
FINA 4622 2 International Finance (prereq: FINA 3001, 4121, 4221)
IBUS 3010 (abroad) 4 Global Entrepreneurship in Cuba
IBUS 3080 (abroad) 4 Sustainability and Corporate Social Responsibility in Costa Rica
IBUS 4010 (abroad) 3 Management of Technology in the Middle East
IBUS 4050 (abroad) 4 Managing Innovation and Change: Sustainability in Brazil
IBUS 4080 (abroad) 4 Life Science in South Africa: International Business View
IBUS 4082W (abroad) 4 Brand Management in Italy
IBUS 4090 (abroad) 4 Corporate Strategy in Central and Eastern Europe
IDSC 4471 (abroad) 4 Information Systems and Innovation in the U.K. and Germany (prereq: IDSC 3001)
MGMT 3900 3 International Business Communication
MKTG 4080W 4 CAPSTONE: Marketing Strategy: Taking a Global Perspective (prereq: MKTG 3010, 3040 and 12 MKTG elective credits)
MKTG 4092H 2 Globalization, Culture & Brands (prereq: MKTG 3001)

III. INTERNATIONAL BUSINESS ENVIRONMENT BREADTH: 2 Courses

Choose ONE International Political Economy (IPE) Survey Course:

Course Credits Title & Additional Information
APEC 3007 3 Applied Macroeconomics: Policy, Trade, Development (prereq: APEC 3006 recommended)
APEC 5751 3 Global Trade & Policy (prereq: APEC 3001, 3006 recommended)
ECON 4307 3 Comparative Economic Systems
ECON 4401 3 International Economics
GEOG 3331 4 Geography of the World Economy
GLOS 3415 3 Global Institutions of Power: World Bank, IMF, and WTO
HIST 3419 3 History of Capitalism: Uneven Development Since 1500
POL 3410 3 Topics in Comparative Politics: Intro to Political Economy
POL 3835 3 International Relations
POL 3872W 4 Global Environmental Cooperation
POL 4481 3 Governments & Markets (prereq: POL 1054)

Choose ONE Socio-Cultural (S-C) Survey Course:

Course Credits Title & Additional Information
AMST 4301 3 Workers and Consumers in the Global Economy
ANTH 3003 3 Cultural Anthropology
ANTH 3005W 4 Language, Culture, & Power
ANTH 4031W 4 Anthropology and Social Justice (prereq: ANT 1003, 1005)
ANTH 4053 3 Economy, Culture and Critique
ANTH 4121 2 Business Anthropology
GEOG 3379/GLOS 3303 3 Environment & Development in the Third World
GLOS 3602 3 Other Worlds: Globalization and Culture (prereq: GLOS 3101, 3144)
GLOS 3701/GEOG 3381W 4 Population in an Interacting World
GLOS 4221/SOC 4321 3 Sociology of Globalization: Culture, Norms, and Organization
POL 3873W 3 Global Citizenship and International Ethics
SPAN 3105W 3 Introduction to the Study of Hispanic Cultures (prereq: SPAN 3015, Spanish major or minor)

Students may choose to use internship credits from their semester abroad program in this section. The internship must have an academic, 3-6 credit-bearing component.

IV. INTERNATIONAL BUSINESS ENVIRONMENT DEPTH: 2 Courses

Students may choose to use a 3XXX business level language course taken at the University of Minnesota or abroad as one of their depth classes. Classes chosen should align with your primary major or the country of your study abroad. These courses satisfying the IB Depth requirements may not be double dipped with the Business Foundations.

Course Credits Title & Additional Information
ACCT 5310 2 International Accounting (prereq : ACCT 5101, 5102)
ANTH 3005W 4 Language, Culture, & Power
ANTH 3023 3 Culture and Society of India
FINA 4621 2 The Global Economy (prereq: FINA 3001)
FINA 4622 2 International Finance (prereq: FINA 4121, 4221)
GCC 3001 3 Grand Challenge: Can We Feed the World Without Destroying It?
GCC 3002 3 Grand Challenge: Beyond Atrocity: Political Reconciliation, Collective Memories and Justice
GCC 5003 3 Grand Challenge: Seeking Solutions to Global Health Issues
GCC 5005 3 Grand Challenge: Global Venture Design: What Impact Will You Make?
GEOG 3161 3 Europe: A Geographic Perspective
GEOG 3379/GLOS 3303 3 Environment & Development in the Third World
GLOS 3415 3 Global Institutions of Power: World Bank, IMF, & WTO
HIST 3468 3 Social Change in Modern China
MGMT 3900 3 International Business Communication
MKTG 4080W 4 CAPSTONE: Marketing Strategy: Taking a Global Perspective (prereq: MKTG 3010, 3040 and 12 MKTG elective credits)
MKTG 4092H 2 Globalization, Culture, & Brands (prereq: MKTG 3001)
MM 3001 3 Manufacturing in a Global Economy
MM 4035 3 Global Supply Chain Technology (prereq: MM 4102 or professional experience)
PA 4414 3 Child Labor and Education
POL 3477 3-4 Political Development
POL 4481 3 Governments and Markets
PORT 3603W 3 Portuguese-Speaking Cultures in Translation
PSY 3301 3 Cultural Psychology
OLPD 3380 3 Developing Intercultural Competence

V. MGMT 4500

MGMT 4500; 2 credits; Senior Seminar in International Business (prereq: semester abroad)

VI. INTERNATIONAL EXPERIENCE REQUIREMENT

CHOOSE BETWEEN:

A) A study abroad program of at least one full semester in length.

- OR -

B) An international experience that meets the Carlson School's requirement of all students plus an internship with an international organization. Students completing an approved international internship will need to register for a one credit independent study course. Please speak with your advisor for further information.

Please note that all classes are not offered every semester. Please check the class schedule on OneStop for details.

Minor Curriculum

International Business Minor: 12 - 16 credits

I. International Business Foundations: 3 Courses

MGMT 3040: 2 Credits; The International Environment of Business (must be taken at the Carlson School)

- AND -

Choose TWO of the following:
(1-2 courses may be double-dipped for the primary major and the IB major)

Course Credits Title & Additional Information
ACCT 5310 2 International Accounting (prereq: ACCT 5101, 5102)
FINA 4621 2 The Global Economy (prereq: FINA 3001)
FINA 4622 2 International Finance (prereq: FINA 4121, 4221)
IBUS 3010 (abroad) 4 Global Entrepreneurship in Cuba
IBUS 3080 (abroad) 4 Sustainability and Corporate Social Responsibility in Costa Rica
IBUS 4010 (abroad) 3 Management of Technology in the Middle East
IBUS 4050 (abroad) 4 Managing Innovation and Change - Sustainability in Brazil
IBUS 4080 (abroad) 4 Life Science in South Africa - An International Business Perspective
IBUS 4082W (abroad) 4 Brand Management in Italy
IBUS 4090 (abroad) 4 Corporate Strategy in Central and Eastern Europe
IDSC 4471 (abroad) 4 Information Systems and Innovation in the U.K. and Germany (prereq: IDSC 3001)
MGMT 3900 3 International Business Communication
MGMT 4500 2 Senior Seminar in International Business
MKTG 4080W 4 Marketing Strategy - Taking a Global Perspective
MKTG 4092H 2 Globalization, Culture & Brands

II. International Environment Breadth: 2 Courses

Students may choose to use a depth course from the International Business co-major for one requirement in this section. A student may choose one depth and one breadth, or two breadth. Business language courses are not an option for the IB minor as a depth offering.

Choose ONE international Political Economy (IPE) Survey course:

Course Credits Title & Additional Information
APEC 3007 3 Applied Macroeconomics: Policy, Trade, Development (prereq: APEC 3006 recommended)
APEC 5751 3 Global Trade and Policy (prereq: APEC 3001, 3006 recommended)
ECON 4307 3 Comparative Economic Systems
ECON 4401 3 International Economics
GEOG 3331 4 Geography of the World Economy
GLOS 3415 3 Global Institutions of Power: World Bank, IMF, and WTO
HIST 3419 3 History of Capitalism: Uneven Development Since 1500
POL 3410 3 Topics in Comparative Politics: Intro to Political Economy
POL 3835 3 International Relations
POL 3872W 4 Global Environmental Cooperation
POL 4481 3 Governments and Markets (prereq: POL 1054)

Choose ONE Socio-Cultural (S-C) Survey course:

Course Credits Title & Additional Information
AMST 4301 3 Workers and Consumers in the Global Economy
ANTH 3003 3 Cultural Anthropology
ANTH 3005W 4 Language, Culture, and Power
ANTH 4031W 4 Anthropology and Social Justice (prereq: ANTH 1003, 1005)
ANTH 4053 3 Economy, Culture and Critique
ANTH 4121 2 Business Anthropology
GEOG 3379/GLOS 3303 3 Environment and Development in the Third World
GLOS 3602 3 Other Worlds: Globalization and Culture
GEOG 3381W/GLOS 3701W 4 Population in an Interacting World
GLOS 4221/SOC 4321 3 Sociology of Globalization: Culture, Norms, and Organization
POL 3873W 3 Global Citizenship and International Ethics
SPAN 3105W 3 Introduction to the Study of Hispanic Cultures (prereq: SPAN 3015, Spanish major or minor)

Students may choose to use internship credit from their semester abroad program in this section. The internship must have an academic, 3-6 credit-bearing component.

III. International Experience Requirement

An international experience that meets the Carlson School requirements of all students will fulfill the minor requirement.

IV. Language Study Requirement

Additional language beyond high school is highly recommended, but not required for the minor.

Please note that all classes are not offered every semester. Please check the class schedule on OneStop for details.

Career

A career in international business involves thinking globally about the business environment. A global mindset involves a multifaceted approach to understanding cultural differences, governing bodies, and financial variances that are experienced in the international market place. International business primarily deals with managing multinational business and turning local and national companies into international success stories.

Sample Careers for International Business Majors:

  • Customs Broker
  • Export Sales Representative
  • Global Sourcing Specialist
  • International Account Representative
  • International Buyer
  • Product Manager
  • International Trader/Broker

Companies that Hire International Business Majors:

There are many different types of companies that hire international business majors. Typical companies include most multinational companies, U.S. companies with an international presence, or companies that do business outside of the United States.

Sample Plans