International Business, Trade, & Commerce

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Total Degrees​
Awarded in 2023
7,505
declining 6.35%
Median In-State​
Public Tuition
$7,716
growing 0%
Median Out-of-State​
Private Tuition
$37,825
growing 2.81%
Average Wage
$109,808
growing 3.8%
People in Workforce
12.2M
growing 2.33%
Average Employee Age
44
growing 0.32%

About

In 2023, the locations with the highest concentration of International Business, Trade, & Commerce degree recipients are University Park, FL, Columbia, SC, and New York, NY. In 2023, the locations with a relatively high number of International Business, Trade, & Commerce degree recipients are Castine, ME, Buzzards Bay, MA, and Carlisle, PA. The most common degree awarded to students studying International Business, Trade, & Commerce is a bachelors degree.

Institutions

Information about the types of higher education institutions that grant degrees in International Business, Trade, & Commerce and the types of students that study this field. Florida International University awards the most degrees in International Business, Trade, & Commerce in the US, but Hult International Business School and Maine Maritime Academy have the highest percentage of degrees awarded in International Business, Trade, & Commerce.

Tuition costs for International Business, Trade, & Commerce majors are, on average, $7,716 for in-state public colleges, and $37,825 for out of state private colleges.

The most common sector, by number of institutions, that offers International Business, Trade, & Commerce programs are Private not-for-profit, 4-year or above institutions (300 total). The most common sector, by number of degrees awarded, is Public, 4-year or above (4,460 completions).

Institutions

Institution with the Most Degrees Awarded in International Business, Trade, & Commerce (2023)
  1. 549 degrees awarded
  2. 386 degrees awarded
  3. 288 degrees awarded

The most common sector, by number of degrees awarded in International Business, Trade, & Commerce, is Public, 4-year or above (4,460 completions in 2023).

The following chart shows the share of universities that offer International Business, Trade, & Commerce programs, by the total number of completions, colored and grouped by their sector.

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Tuition Costs for Common Institutions

$7,716
Median In-State Public
$37,825
Median Out of State Private

Florida International University has the most International Business, Trade, & Commerce degree recipients, with 549 degrees awarded in 2023.

The following bar chart shows the state tuition for the top 5 institutions with the most degrees awarded in International Business, Trade, & Commerce.

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Specialized Colleges

Out of all institutions that offer International Business, Trade, & Commerce programs and have at least 5 graduates in those programs, Hult International Business School has the highest percentage of degrees awarded in International Business, Trade, & Commerce, with 27.5%.

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Degrees Awarded by County

Counties with the Most Degrees Awarded in International Business, Trade, & Commerce
  1. 637 degrees awarded
  2. 490 degrees awarded
  3. 386 degrees awarded

This map shows the counties in the United States colored by the highest number of degrees awarded in International Business, Trade, & Commerce by year.

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Employment

Information on the businesses and industries that employ Business graduates and on wages and locations for those in the field.

The average salary for Business majors is $109,808 and the most common occupations are Accountants & auditors, Other managers, and Financial managers.

The industry that employs the most Business majors is uninformed, though the highest paying industry, by average wage, is Securities, commodities, funds, trusts & other financial investments.

Yearly Income for Common Jobs

The closest comparable data for the 6 Digit Course International Business, Trade, & Commerce is from the 2 Digit Course Business.
$109,808
Average Wage in Workforce
± $788
3.8%
1 Year Growth
± 0.985%

The average salary for Business majors is $109,808 and the most common occupations are Accountants & auditors, Other managers, and Financial managers.

This chart shows the average annual salaries of the most common occupations for Business majors.

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Highest Paying Locations

The closest comparable data for the 6 Digit Course International Business, Trade, & Commerce is from the 2 Digit Course Business.

This map shows the public use micro areas (PUMAs) in the United States colored by the average salary of Business majors.

Note that the census collects information tied to where people live, not where they work. It is possible that Business majors live and work in the same place, but it is also possible that they live and work in two different places.

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Most Common

The closest comparable data for the 6 Digit Course International Business, Trade, & Commerce is from the 2 Digit Course Business.

The most common occupations for Business majors, by number of employees, are Accountants & auditors, Other managers, and Financial managers.

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Most Specialized

The closest comparable data for the 6 Digit Course International Business, Trade, & Commerce is from the 2 Digit Course Business.

Compared to other majors, there are an unusually high number of Business majors working as Accountants & auditors, Financial examiners, and Financial analysts.

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Highest Paid

The closest comparable data for the 6 Digit Course International Business, Trade, & Commerce is from the 2 Digit Course Business.

The highest paid occupations by median income for Business majors are N/A.

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Occupations by Share

The closest comparable data for the 6 Digit Course International Business, Trade, & Commerce is from the 2 Digit Course Business.
12.2M
2023 Workforce
± 82,369
2.33%
1 Year Growth
± 0.936%

The number of Business graduates in the workforce has been growing at a rate of 2.33%, from 12M in 2022 to 12.2M in 2023.

The largest single share of Business graduates go on to work as Accountants & auditors (8.91%). This chart shows the various jobs filled by those with a major in Business by share of the total number of graduates.

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Most Common

The closest comparable data for the 6 Digit Course International Business, Trade, & Commerce is from the 2 Digit Course Business.

The most common industries that employ Business majors, by number of employees, are uninformed, Elementary & secondary schools, and Computer Systems Design.

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Highest Paid

The closest comparable data for the 6 Digit Course International Business, Trade, & Commerce is from the 2 Digit Course Business.
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Industries by Share

The closest comparable data for the 6 Digit Course International Business, Trade, & Commerce is from the 2 Digit Course Business.
12.2M
2023 Workforce
± 82,369
2.33%
1 Year Growth
± 0.936%

The number of Business graduates in the workforce has been growing at a rate of 2.33%, from 12M in 2022 to 12.2M in 2023.

The industry which employs the most Business graduates by share is uninformed, followed by Elementary & secondary schools. This visualization shows the industries that hire those who major in Business.

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Specialty Locations

The closest comparable data for the 6 Digit Course International Business, Trade, & Commerce is from the 2 Digit Course Business.

This map shows the public use micro areas (PUMAs) in the United States where there are a relatively high population of Business majors.

Note that the census collects information tied to where people live, not where they work. It is possible that Business majors live and work in the same place, but it is also possible that they live and work in two different places.

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Diversity

Demographic information for those who earn a degree in Business in the United States.

The average age of a person in the workforce with a degree in Business is 44.

The most common degree type these workers hold is a Bachelors Degree. Female employees are more likely to hold Business degrees, and White students are the most common race/ethnicty group awarded degrees in Business (2,869 students).

Workforce Age

The closest comparable data for the 6 Digit Course International Business, Trade, & Commerce is from the 2 Digit Course Business.
44
Average Age in 2023
± 0.0906 Years
0.32%
1 Year Change
± 0.291%

This chart shows distribution of ages for employees with a degree in Business. The most common ages of employees with this major are 40 and 39 years old, which represent 2.68% and 2.6% of the population, respectively.

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Degrees Awarded

The most common degree types awarded to students graduating in International Business, Trade, & Commerce are Bachelors Degree, Masters Degree, and Certificate of at least 1 but less than 2 academic years.

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Workforce Degrees

The closest comparable data for the 6 Digit Course International Business, Trade, & Commerce is from the 2 Digit Course Business.

The most common degree types held by the working population in Business are Bachelors Degree, Masters Degree, and Professional degree.

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Sex Imbalance for Common Institutions

Female (53.5%)
Most Common Sex with a Degree in this Field

This chart shows the granted degrees by sex at the 5 institutions that graduate the most students in International Business, Trade, & Commerce.

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Race & Ethnicity by Degrees Awarded

Most Common Race or Ethnicity
  1. White
    2,869 degrees awarded
  2. Hispanic or Latino
    1,587 degrees awarded
  3. Non-resident Alien
    1,584 degrees awarded

This chart shows the number of degrees awarded in International Business, Trade, & Commerce for each race & ethnicity. White students earned the largest share of the degrees with this major.

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Global Diversity

The closest comparable data for the 6 Digit Course International Business, Trade, & Commerce is from the 2 Digit Course Business.
Most Common Countries of Origin
  1. India
    181,180 degree recipients
  2. Mexico
    159,478 degree recipients
  3. Philippines
    142,686 degree recipients
High Relative Number of Students
  1. Singapore
    2.55 times more than expected
  2. Zimbabwe
    2.52 times more than expected
  3. Denmark
    2.46 times more than expected

There are a relatively high number of people that were born in Singapore that hold Business degrees (2.55 times more than expected), and the most common country of origin by total numbers for non-US students earning a degree in this field is India (181,180 degree recipients).

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Skills

Data on the critical and distinctive skills necessary for those working in the International Business, Trade, & Commerce field from the Bureau of Labor Statistics. International Business, Trade, & Commerce majors need many skills, but most especially Judgment and Decision Making. The revealed comparative advantage (RCA) shows that International Business, Trade, & Commerce majors need more than the average amount of Management of Financial Resources, Management of Material Resources, and Management of Personnel Resources.

These two visualizations, one a radial chart and one a bar chart, show the same information, a rating of how necessary the following skills are for International Business, Trade, & Commerce majors. Toggle between "value" and "RCA" to see the absolute rating of that skill (value) and the revealed comparative advantage (RCA), or how much greater or lesser that skill's rating is than the average. The longer the bar or the closer the line comes to the circumference of the circle, the more important that skill is. The importance of Management of Financial Resources is very distinctive for majors, but the Judgment and Decision Making, Monitoring, and Management of Personnel Resources are the three most important skills for people in the field.

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Bar Chart

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