Multinational executives, financial analysts, and experts in international commercial law are only a few examples of the international business professionals who do critical work throughout New Mexico.
A report released by the US Department of Commerce in 2015 revealed the following about New Mexico’s global trade:
- 1,343 companies exported from the state in 2013
- New Mexico’s exports supported 16,546 domestic jobs in 2014
- Export of computer and electronic products earned New Mexican companies $2.1 billion
- In 2014 New Mexico exported $3.8 billion worth of merchandise
- 20,200 New Mexican workers were employed by foreign-controlled companies in 2012
Trade and customs managers, financial controllers, and business development directors are some of the international business professionals responsible for creating relationships and trade deals with foreign importers among New Mexico’s largest trading partners:
- Mexico, which imported $1.55 billion in New Mexico goods last year
- Israel, which imported $812 million in New Mexico goods last year
- Italy, which imported $264 million in New Mexico goods last year
- Canada, which imported $219 million in New Mexico goods last year
- China, which imported $106 million in New Mexico goods last year
Earning a Degree in International Business
New Mexico is home to several colleges and universities that offer international business degrees to dedicated students who aspire to become tomorrow’s global business leaders. Earning a degree in international business can prepare students to become:
- International trade and customs managers
- Multinational managers and executives
- Import/export compliance specialists
- Business consultants
- Trade Analysts
- Supply chain managers
- Financial controllers
- International accountants
- International economist
- Management analyst
- Wholesale buyers
These programs are offered in a variety of formats, including the traditional classroom approach as well as online.
Bachelor’s Degree Programs in International Business
Earning a bachelor’s degree in International Business is often a necessity for professionals who want to enter their field and start working their way through a career trajectory.
Bachelor’s degree programs include:
- Bachelor of Science (BS) in International Business
- Bachelor in Business Administration (BBA) in International Business
- Bachelor of Arts (BA) in International Economics
Once students start taking the core courses that are part of their program, they can expect to learn about subjects like:
- Business law
- Supply chain management
- Business statistics
- International economics and finance
- Global marketing
- Global business strategy
- International market relations
Upon earning their bachelor’s degree, graduates can pursue careers like:
- Public Relations Specialist
- Advertising Associate
- International Management Analyst
- International Business Consultant
- Foreign Service Officer
- International Accountant
Master’s Degree Programs in International Business
New Mexico students can choose between several in-state master’s programs such as MBAs, where they can develop an in-depth understanding in the field of international business. New Mexico students can also select from online master’s programs that offer a variety of specializations in the field of international business.
First students will need to gain entrance into a master’s program of their choosing. Typical entrance requirements in New Mexico include:
- Undergraduate degree
- Minimum GPA of 3.0
- Minimum score, such as 500, on the GRE or GMAT
- Essay of academic and professional goals
- Letters of recommendation
When selecting a master’s program of study, there are several variations of a degree in International Business:
- Master of Business Administration (MBA) in International Business
- Master of Science (MS) in International Business
- Master of International Business (MIB)
Core courses that are part of these programs include:
- Data analysis and statistic collection
- Global investment management
- International trade and monetary policy
- Global financial services
- Mergers and acquisitions
- Global corporation management
- International business policy
- Cross cultural management
- Emerging markets
- International entrepreneurship
Programs of international relations may also offer the opportunity for an area of specialization within the master’s degree, such as:
- International Business Relations
- International Law
- International Monetary Policy
- International Information and Communication
- International Trade and Commercial Policies
- International Political Economy
Graduates with a master’s degree in International Business can pursue careers that include:
- Import-Export managers
- International Media Planner
- Global Sales Analyst
- International Loan Officer
- International Employment Officer
- Global Quality Control Auditor
- Multinational Executive
New Mexico’s Influence on International Trade and Commerce
New Mexico plays an important role on the international stage. The state is home to thousands of companies that are producing and exporting vital materials, including the following types of companies identified by the federal Small Business Administration in 2012:
- 20,753 companies involved in professional, scientific, and technical services
- 15,129 companies involved in retail trade
- 4,459 companies involved in manufacturing
- 1,887 companies involved in mining, quarrying, and oil/natural gas extraction
- 1,960 companies involved in information analysis, collection, and management
Figures released by the US Department of Commerce show that four cities accounted for more than 80 percent of the state’s total exports in 2013:
- $1.4 billion from Albuquerque
- $433 million from Las Cruces
- $35 million from Farmington
- $19 million from Santa Fe
City of Albuquerque International Trade Division
The purpose of this municipal government division is to help local companies in Albuquerque sell their products abroad, with an emphasis on technical and scientific services. The division also attracts foreign investment to the city. It accomplishes its goals by using international business professionals to do the following:
- Engage in market research
- Hold trade shows
- Send delegations on trade missions
- Conduct trade promotion
- Hold import-export consultations
International Business Jobs in New Mexico
The following examples of careers were taken during a survey of vacancies throughout New Mexico in June of 2015. These are provided as examples for illustrative purposes only:
Senior Global Relationship Manager with CenturyLink in Albuquerque – This professional is in charge of developing and expanding accounts in an assigned geographic location. To achieve long-term success means this professional will be in charge of key responsibilities like planning and management. Applicants can qualify with a bachelor’s degree or its training/experience equivalent.
Inventory Manager with WIS International in Albuquerque – This professional is responsible for hiring and managing inventory evaluators to ensure supply keeps up with global demand. This includes reviewing and analyzing sales and distribution models. Candidates can qualify with a bachelor’s degree in Business or an equivalent amount of managerial experience.
Principle Subcontract Specialist with Raytheon in Albuquerque – Candidates must have a bachelor’s degree in Business, Operations, or Supply Chain, while a master’s degree is preferred. This professional is responsible for managing contractors, including international subcontractors, and ensuring projects are distributed in an adequate fashion. This includes selecting contractors, conducting cost analysis, and evaluating proposals.
Local Resources for International Business Professionals
Aspiring international business professionals can find additional resources throughout New Mexico, with government agencies as well as private and professional organizations:
State Government Agencies
- New Mexico Economic Development Department, Office of International Trade
- City of Albuquerque International Trade Division
- US Department of Commerce, International Trade Administration for New Mexico
Private and Nonprofit Organizations