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HOW TO BE A HOT PROSPECT FOR AN INTERNATIONAL
CORPORATION:
A Few Reminders:
- Most international positions are located in urban areas in the
United States.
- You may or may not be able to obtain positions abroad due to
employment restrictions.
- Expatriates (American citizens working abroad) are typically
employed when they possess certain skills or experience that is
not sufficiently available in the foreign subsidiary.
- Expatriates are often bilingual, bi-cultural, and familiar with
business practices and their firm's operation in the US and the
foreign country.
- Ironically, the Peace Corps is one of the best international
employers, and they have business-related opportunities. Financial
institutions, consulting firms, and manufactures offer strong
opportunities for international employment.
- Be sure to consider the consumer products, commodities, import/export
businesses, insurance, high tech, and pharmaceutical fields as
well.
- The fast track in most companies is through sales, market research,
advertising, or product management.
- Don't assume you have to start at the top in an international
company. Be flexible with your first assignment. It's
not unusual for someone to start as a secretary or bank teller
and end up with an international assignment in a much higher position
within a few years.
- Generally, your best chance for international business employment
is with an American multinational company.
- The route to international posting usually begins with US
domestic operations.
- Willingness to "pay your dues" and learn a product line
from the domestic side first will place you in strong standing
for an international opening.
- Expect to have a stateside job for 2 to 10 years before
you get an international assignment.
- In some cases, an immediate assignment to the International
Division may be the wrong step for an ambitious person as
that division may simply serve an export or staff function,
while the company's US division controls worldwide operational
and policy issues.
- Another way to pursue an international position is to seek smaller
companies that have not yet expanded to the international marketplace,
but could. If you have the knowledge base about the company's
product or services, language and cultural skills, and make your
interests in international placement known, you might find you'll
be able to work your way into an international position.
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Prepare yourself for an international business
career while in school:
- Seek out opportunities related to business, preferably in accounting,
finance, and marketing.
- Obtain related experience through internships, summer jobs,
or part-time employmen
- Try to find opportunities which relate to your specific
career goal.
- If you are thinking about a career in international
finance, work for a bank. Even if you can't work
or intern in their international division, learn all you
can from someone in that office.
- Volunteer to help out in the international division.
- Even small banks have managers who may have some international
experience or could tell you about the international market.
- Take coursework in marketing, accounting, and finance if
you're not a business major.
- Study a second language, learn about other cultures, and
study abroad.
- Start narrowing your interests. Think about where you'd
like to work in the business setting and how you could apply
your international skills and knowledge. Here are some typical
business fields with potential global opportunities:
- Accounting
- Advertising
- Administrative/Management
- Auditing
- Banking/Finance
- Communications
- Computers/Data Processing
- Consulting
- Cultural Affairs
- Customer Service
- Engineering
- Foreign Policy
- Industrial Relations
- Legal Affairs
- Managerial Accounting
- Operations/Production
- Purchasing/procurement
- Personnel/human resources
- Product Management
- Production Specialists
- Public Relations
- Research & Development
- Retail (Buyer)
- Sales/Marketing
- Strategic Planning
- Translation
- Technical Writing
- Trade (Import/Export)
- Transportation
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Prepare for the job interview:
- Know yourself and what you'd like to do.
- Most companies have essentially six divisions which serve different
functions: Sales, Marketing, Creative, Production, Finance, and
Administration.
- Decide which industries interest you the most and what function
you would like to perform.
- Generally, the fast track in most companies is through sales,
market research, advertising, or product management.
- The ability to sell and represent a firm and its products in
a highly competitive environment is a must.
- Research the company you're applying to and find out what
their main products are.
- Read a book on marketing or sales and become familiar with
approaches to selling a product.
- Know what percentage of the company's business is international.
And know where they're marketing their products internationally.
- Language proficiency and knowledge of a country's political,
economic, and social climate enhance your chances of ultimately
receiving an international offer.
- Express your willingness to be flexible about the position you're
offered.
- Most companies need a local image at their international sites.
Therefore only a few Americans will likely work abroad. If they
are going to send an American employee abroad, they want to make
sure that you are flexible and sensitive to foreign environments.
No "Ugly Americans" need apply.
- Build up your knowledge of business customs and practices by
reading guides and checking out the following websites:
Window
on the World Inc. -
Located on the Wall Street Journal's website, Window on the
World provides 26 country profiles highlighting the social and business
customs.
Worldwide Business
Briefings - Information on customs and business practices internationally.
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HOW TO FIND INTERNATIONAL BUSINESS OPPORTUNITIES
- Do an economic/political analysis to see where the hot areas
are.
- Where are trade agreements being signed?
- What countries are popular import/export regions?
- What types of business interact with US companies?
- In what countries are they located?
- What products or services are involved?
- As you investigate organizations, determine what percentage
of their total business is international.
- Focus on businesses most likely to have an international component,
such as
- Companies with an international division and/or international
training program.
- Export-import firms
- Branch office of foreign companies in US
- Business-government relations offices (Capitol Hill experience
can be valuable here)
- Extractive industries: petroleum, mining, etc
- Major accounting firms
- High tech firms
- Consulting firms
- Trade & professional firms
- Research organizations
- Environmental firms
- Sports organizations
- Publishing firms
- Check your library for reference books and guides to determine
companies which have international connections. Some suggested
references are:
- Foreign Chamber of Commerce directories. You can obtain
directories of companies registered with a foreign chamber of
commerce. For instance, the German Chamber of Commerce publishes
a guide to American companies doing business in Germany and
vice versa.
- Directory of American Firms Operating in Foreign Countries
and the Directory of Foreign Firms Operating in the United States
- Investigate which companies have an international training program
(although this is unusual- most don't).
- Read the corporation's website, particularly noting any international
initiatives. Read the annual report or press releases which
often indicate new product lines, expansions into new territories,
etc.
- The most industrialized countries are more likely to have the
best employment opportunities. This would include
the United States, Japan, Canada, Australia and Western Europe.
- Business initiatives continue to develop in Korea, Taiwan, Hong
Kong, Singapore, Brazil, India and Mexico.
- Additional opportunities exist, but to a lesser extent, in Latin
America, the Middle East, the Pacific Rim, Eastern Europe, and
Africa.
- Because political and economic situations changes from year
to year, you'll need to keep up with current events.
- Set up an information interview with someone who is employed
in the international division of a company. This is an invaluable
process which merits more attention. See the section on
job search techniques for more information.
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General International Business Career Links
Diversity Directory
- Offers links to jobs and companies in Europe, Asia, and Latin
America.
Escape Artist
- Escape Artist's, "International Jobs Marketplace" posts
long-term employment openings in fields as varied as chef, driver/butler,
banking administrator, and teacher.
Eurograduate
Live - Features a career database of international career opportunities
as well as career advice.
Eurojobs - Click on any European company to search
for job vacancies, or review helpful tips on working in Europe.
Executive & Management
Jobs - View the extensive job listings, or search jobs by position,
location, or salary.
Global Business
Center - A guide to international business sorted by language/country
Global Edge
- A comprehensive website with numerous links to international business
information
International Chamber of Commerce
- ICC is the voice of world business championing the global economy
as a force for economic growth, job creation and prosperity.
International Job Locator
- Offers tools to help you get a job abroad, or browse the top links
for jobs in Europe and the rest of the world.
Overseas Jobs
on the Net - Over 500 links for international opportunities.
Riley Guide to
International Business Resources (The)
US Chamber
of Commerce - International links and information for
businesses and entrepreneurs.
Wall Street Journal - Offers
a career database of domestic and international careers in accounting,
banking, economics/finance, and marketing/management.
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What are the hot fields or best business opportunities?
International Accounting, Finance, and Investments
Knowing Japanese is a great asset in the accounting and investment
fields, but knowing French, Spanish or Portuguese is worthwhile
as well. Most financial- related careers are international these
days. Concentrate on Asian financial services, international banking,
merchant banking, or currency trading. Another interesting location
to explore is Ireland as Dublin has a concentration of banking services.
Jobs Links for International Finance & Banking
American
Bankers Association - Click on the "International Relations"
link to learn about two training courses to help you land a job
in the global payment system, Bank Card International and BankExec
International.
Career
Guide to Wall Street - Discusses basic skills needed to succeed
on Wall Street and contains links to major Wall Street firms.
Financial/Accounting/Insurance
Jobs - Review the numerous job listings, or explore the job
data base by location, position, or salary.
Investment
Banking links
Job$ In The Money
- Features numerous career opportunities in finance, investment,
economics, banking, and insurance.
JP Morgan/Chase
- JPMorgan/Chase offers links to global opportunities in Europe,
Asia Pacific, and South
Africa.
World Bank - Many
opportunities and jobs are available through, World Bank Group,
for individuals, organizations or businesses to apply their skills
to programs and projects, both at Bank headquarters and in its member
countries.
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International Real Estate
A knowledge of real estate management and investment combined with
an understanding and appreciation of cultural differences, as well
as language ability, can help you develop a career managing property
in an international environment. With major corporations purchasing
property in foreign countries to set up factories and offices, international
real estate is an increasingly important specialty.
Escape Artist
International Real Estate Digest
International
Real Estate Directory
Real Estate Careers
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International Negotiations
This is a rapidly developing field which usually requires graduate
study and experience with mediation, arbitration, and other aspects
of negotiation and conflict resolution. You need to be schooled
in business-government relations, have a good knowledge of politics
and the law, and be capable of corporate diplomacy at home and abroad.
These positions are high-level and not generally available to entry-level
workers. Most workers in this field are promoted from within or
work at a consulting firm after acquiring years of experience.
Typical employers of negotiations specialists would be government
agencies, regulatory bodies, international trade organizations,
mediation and arbitration practices, etc.
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Business-Government Relations
Specialist in Business-Government Relations provide such services
as strategic planning & advising, research &analysis, and
monitoring as well as direct representation on international government
relations issues affecting corporate profitability and operations.
They often provide political risk-assessment analysis, work with
trade agreements and policies, and sometimes handle negotiations.
They are experts in global political and economic climates.
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Import-Export/Transportation
Import-Export operations can be contained within a large company
or serve as a stand-alone business. This field requires specialized
knowledge in transportation, customs, international trade regulations,
and the laws and regulations of the specific countries with which
the importer/exporter is dealing. Strong business and language
skills are necessary. Freight forwarding and customhouse brokers
work within this field and support the activities of the import/export
industry.
Jobs in Import/Export
Export Hotline Online
- Offers a global directory search, industry reviews, and
trade statistics.
Import/Export Coach - Excellent site- contains helpful articles
about establishing an import-export business. Also helpful links
to other sites dealing with import-export.
International Trade Association
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Content for this page provided by:
Dr. Kate Brooks, Director, Liberal Arts Career Services, University
of Texas at Austin
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