As more students are becoming interested in pursuing an international business degree, federal funding is being awarded to schools nationwide to help expand the educational opportunities in this field of study.
The U.S. Department of Education has announced it awarded a four-year grant to the University of Maryland (UM) Robert H. Smith School of Business, which will help fund the expansion of its Center for International Business Education (CIBER). The grant will help the school launch more student programs, including abroad schooling opportunities, internships and language training, which will benefit future degree holders who are interested in international studies.
Since the inception of the center four years ago, the academic institution has been able to provide an education to business students that highlights international business competitiveness, government policy, emerging markets, global entrepreneurship and sustainability.
G. "Anand" Anandalingham, the dean of UM's business school, stated that "our students and faculty have benefited immensely from the global experiences the center offers." He added that "it is so important that our future leaders leave our programs with an understanding of how global businesses operate around the world and in different cultures."
In 2008, business degree holders earned annual salaries ranging from $73,510 to $171,583, depending on the field, position and years of experience, according to PayScale.com, a research company.
