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Aaron Gravely

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Is a Degree in International Trade Worth It? (2023)

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CONTENTS

As technology continues to make it easier for buyers and sellers to connect around the world, a career in international trade has become more lucrative than ever before. Today, nearly every large company operates multinationally. And even small business owners who make money online are increasingly finding opportunities in international markets.

So is a Degree in International Trade worth it? Yes, a Degree in International Trade is worth it if you value versatility in your career path. Many International Trade graduates go on to start their own Import/Export Business. But the degree can also open the door to a variety of jobs at Fortune 500 companies. Nowadays, every type of business needs employees with global expertise, and a degree in International Trade is one of the best ways to standout from other applicants.  

Continue reading for detailed answers to these FAQs:

international business degree

What Will You Learn in an Online International Trade Degree Program?

International Trade students graduate with an understanding of the management and operational requirements to trade successfully and legally in International Markets. 

Here’s a list of courses you’ll find in a typical International Trade degree program:

  • Fundamentals of International Business
  • Product Sourcing and Delivery Methods
  • Global Supply Chain Operations 
  • Cross-Cultural Communication & Negotiation 
  • Disruptive Trade Technologies: AI, IoT and Blockchain
degree in international trade

Jobs You Can Get With a Degree in International Trade

Advances in technology and global trade policy make career prospects in International Trade both lucrative and plentiful. The job market is expected to grow by 9% thru 2028 by some estimates. Read ahead to see careers you can have with a degree in International Trade:

Global Market Research Analyst – $65,810/yr

Market research analysts study global market conditions to examine potential sales of a product or service to consumers in other countries. They help businesses determine what products people want, who will buy them, and at what price. As an global market analyst you will:

  • Monitor and forecast global marketing and sales trends
  • Measure the effectiveness of cross-national marketing programs and strategies
  • Gather data on foreign consumers, competitors, and international market conditions
  • Prepare reports and present results to clients and management

Supply Chain Manager – $107,480/yr

international trade degree

A supply chain manager is responsible for the management of equipment, hardware, and other logistical details of a business. It is their job to coordinate all of the steps needed to purchase raw materials, deliver it to various global checkpoints, ensure there’s enough product to meet customer demand, and deliver the output to the right foreign destinations on time. Supply Chain duties include:

  • Oversee the import or creation of raw materials to be used by a company
  • Track the materials as they are combined into new products
  • Monitor product inventory and ensure it is adequate for the demand

Purchasing Manager – $125,940/yr

Purchasing Managers oversee teams of purchasing agents who buy products and services for a company to use or resell. They also develop a company’s procurement policies and procedures to ensure there are no conflicts of interests between suppliers and customers and that ethical standards are met. As a purchasing manager you will:

  • Evaluate suppliers on the basis of price, quality, and speed of product delivery
  • Interview vendors and visit suppliers’ plants and distribution centers to assess product quality
  • Attend trade shows and conferences to learn about new industry trends
  • Negotiate contracts on behalf of their company 
  • Monitor contracts to ensure that vendors and suppliers comply with the terms & conditions 

Global Investment Fund Manager – $134,180/yr

international trade degree

Global Investment Fund Managers design and coordinate a fund’s investment strategy and manage the portfolio to maximize return on client investments. A Fund manager with international trade expertise is especially adept in currency exchange, commodities futures and options. Some of the day-to-day duties include:

  • Research and select specific investments for purchase by the Fund
  • Monitor financial performance of individual investments
  • Adjust investment portfolios to meet clients’ risks and return preferences 

The options for International Trade graduates are so vast that we can’t possibly list every profession here. But suffice it to say that with a degree in International Trade, you’ll be more than prepared to tackle the dynamic world of global markets.

How Entrepreneurs Can Benefit From a Degree in International Business & Trade

Not interested in working for someone else? That’s okay. A degree in International Trade is still worth getting and can be a valuable asset for launching a successful business of your own.

In 2021 an Import/Export business is one of the most popular and lucrative options for aspiring entrepreneurs interested in International Trade. 

An Import/Export Business can take on many forms, but it’s essentially the practice of finding valuable products for cheap in one country, and reselling them to high-income consumers in another country. 

One example of this is my friend Kustam, who treks across Central America to find handicrafts made by indigenous artisans, and then sells these prized collectibles to American (USA) buyers. It’s basically dropshipping or arbitrage but way more interesting because of the global travel involved. 

With a degree in International Trade you’ll have the expertise to easily find the best foreign markets and products to run a profitable Import/Export Business. 

Take the Next Step!

Still not sure if a degree in International Trade is right for you? Explore the rest of FutureYoupedia.com for other degree programs and in-demand careers hiring now.

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How to Become a Federal Air Marshal (2023)

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CONTENTS

Ever since America’s tragic loss on 9/11, positions for Federal Air Marshals have grown both in number and importance. 

In the global fight against terrorism, airport security is a top priority. And Federal Air Marshals serve as the nation’s first line of defense against airplane hijacking attempts and other threats to passenger safety. 

As armed members of The Department of Homeland Security’s Transportation Security Administration (TSA), Federal Air Marshals swear to protect and serve the nation’s transportation system against all criminal and hostile activities. 

Given the vitally important role Air Marshals have in National Security, the application process to become a Federal Air Marshal is taken very seriously. Applicants must possess a number of education and experience qualifications and meet an extensive list of TSA requirements in order to be considered. So what are they exactly?

How To Become a Federal Air Marshal

Steps to Become an Air Marshal

  1. Obtain a Bachelor’s degree; or
  2. Gain relevant work experience
  3. Pass the TSA Background Check & Requirements Checklist 
  4. Complete a 16-Week TSA Training Program
  5. Find and apply to open positions for Air Marshal Jobs
how to be an air marshal

*FutureYoupedia.com is a third-party not officially affiliated with the TSA

Education & Experience – Requirements to Become a Federal Air Marshal

To become a Federal Air Marshal, you must possess at least 1 of the following qualifications:

  1. A Bachelor’s degree from an accredited college or university
  2. Three years of qualifying work experience*
  3. A combination of education and qualifying work experience*

*When it comes to qualifying work experience, candidates will be judged on a case by case basis. The TSA loosely defines qualifying work experience as “progressively responsible general experience” that demonstrates the ability to analyze problems, plan and organize work, and communicate effectively.

Do you have at least 1 of the qualifications above? Great! Keep reading for the additional TSA requirements you must meet to become a Federal Air Marshal.

TSA Requirements to Become a Federal Air Marshal

  • U.S Citizen or National
  • 21 to 36 years old at the time of application (*certain exceptions apply to those over 36) 
  • Possess a Valid Driver’s License
  • Must complete a rigorous 16-week training session that will test your physical fitness
  • Must pass a top security clearance and intensive drug and alcohol screening
  • Cannot have been convicted of a misdemeanor domestic violence offense
  • Must be able to carry a firearm and maintain proficiency in its use

*Veterans who will be older than 36 at the end of training are still eligible to apply. Veterans will also receive preferential hiring. For example, when applying to a TSA job announcement that’s open to the general public, qualified veterans or their family members may be ranked ahead of other applicants.

If you are passionate about protecting & serving your country and meet all of the requirements above, you have an excellent chance of being hired as a Federal Air Marshal. 

Before you apply, read the rest of this article to learn more about the job duties, training process and salary for Federal Air Marshals. Get detailed answers to the following FAQs:


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Do I Need a Degree in a Specific Major to Become a Federal Air Marshal?

You are not required to major in a specific field of study, but the following degree majors are recommended because of their relevance to the job of an air marshal:

Additionally, a degree in one of the fields above will give you an edge on the competition if you apply for supervisory positions in the future.

how to become a federal air marshal

What Does TSA’s 16-Week Training Program Entail?

The 16-week Training Program is split into two phases. 

Phase 1 is conducted at the Federal Air Marshal Service (FAMS) training center in Artesia, New Mexico. Candidates are evaluated on their physical fitness, marksmanship and mental acuity. 

Phase 2 of the training is conducted at the FAMS training center in Atlantic City, New Jersey. This phase involves advanced firearms training and classroom instruction on specialized topics such as international law, self-defense and aircraft safety protocols.

What is the Salary for Federal Air Marshals?

The annual salary for Federal Air Marshals ranges from $17,083 to $155,500.

The range is wide because Air Marshals are salaried by pay grades under the SV grading system. An Air Marshal’s pay grade is determined by their years of experience, level of education and possession of specialized skills.

The Federal Air Marshal Service uses the following 13 discrete pay grades to determine Air Marshal salary: 

how to become a federal air marshal

Take the Next Step!

Are you ready to become an Air Marshal? 

Air Marshal Application. Learn more about the Air Marshal application process. A credit and background check will be conducted after you submit your air marshal application. 

air marshal application
Click here to explore more careers and online degrees / programs

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Is a Degree in Small Business Management Worth It? (2023)

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CONTENTS

2023 is shaping up to be a fantastic year to launch a business and earn passive income online. This article discusses the specific instances where earning a degree in small business management can help. 

You should know that HALF of the U.S. workforce, nearly 60 Million Americans, are employed by a Small Business. And in 2020 nearly 1 Million new establishments opened their doors to customers for the first time. This is largely thanks to the ever-expanding cache of information and professional resources available to the average person online. 

Truly, in 2023 starting a Small Business will be easier and more profitable than ever before. But as with most things in life, not everything easy to start is easy to maintain. A business savvy person will realize that as the number of Small Businesses grows, so too does the competition for customers.

With this in mind, it’s no wonder that so many aspiring entrepreneurs are considering a Degree in Small Business Management to get an edge on the competition and ensure long-term success.

So is a Degree in Small Business Management worth it? Yes, a Degree in Small Business Management is worth it if you have a great business idea that you’re passionate about and you’re willing to work hard to compete for customers. This degree will give you the competitive advantage you need to grow and maintain a profitable company. And with new opportunities to make money online emerging every day, a degree in Small Business Management will equip you with the business and tech skills you need to generate multiple streams of income on- and offline.

But before you jump head first into that Degree in Small Business Management, you’ll want to read the rest of this article to learn more about the skills required to succeed in business. As well as all the common pitfalls new entrepreneurs should avoid. Continue reading to get detailed answers to the following frequently asked questions:  

FAQs:

What Will You Learn in an Online Small Business Management Degree Program?

Small Business Management Degree

A typical program in Small Business Management will include all of the core concepts taught in traditional business programs (e.g. Marketing, Finance, Accounting)  plus additional courses tailored specifically to address Small Business and Startup needs. 

The viability of most small businesses depends on satisfied, repeat customers. So you can expect to learn a lot about customer relations and local marketing strategies. There will also be an emphasis on day-to-day small business maintenance, like budgeting, forecasting, and e-commerce. Additionally, you’ll learn how to hire employees, keep your books balanced, and navigate the special tax codes and regulations that apply to small businesses.

Some of the course offerings you’ll find in a Small Business Management Degree program include:

  • Business Plan Writing for Small Businesses and Entrepreneurs
  • Creativity, Innovation and New Product Development
  • Operational Issues in Small Business Management
  • E-Commerce for Small Business

If you decide to embark on a Degree in Small Business Management you will surely gain the knowledge to be a successful entrepreneur. But you’ll also learn skills useful for other types of jobs in Small Business Management, such as a Small Business Financial Services Manager or a Small Business Sales Manager. 

After earning your degree in small business management, you career options will be bountiful. Continue reading this post to learn what types of small businesses have been the most profitable in 2021.

What Types of Small Businesses Make the Most Money?

small business profitability

It’s no secret that diligent and innovative entrepreneurs have the potential to make tons of cash. For instance, Jeff Bezos – the founder of Amazon and richest man in the world – started Amazon as a small book selling company in his garage! But don’t worry if your business idea isn’t quite on par with the likes of Amazon. In 2021 Small Businesses in the U.S generated more than $6 Trillion in total sales, which means there’s room in the industry for even the most modest of small businesses to do exceptionally well. 

According to a survey published by NerdWallet the Top 10 most profitable small businesses in 2021 were:

  1. Auto Repair
  2. Food Trucks
  3. Car Wash Services
  4. Electronics Repair
  5.  IT Support
  6. Personal Trainers
  7. Newborn & Post-Pregnancy Services
  8. Enrichment Activities for Children
  9. Mobile Apps
  10. Clothing & Accessories Shares (e.g. Rent The Runway)

This list may help you decide what type of business you want to start. But keep in mind that the success of your business will ultimately depend on your own personal grit and determination (and perhaps a smidgen of luck!). 

Continue reading to learn about the must-have small business skills that separate the entrepreneurial heroes from the zeroes.

What Skills Does a Small Business Owner Need to Be Successful?

successful small business owner

It goes without saying that ‘nothing in life is guaranteed’. But if you want the best chance of building a profitable business, you should make sure you have the bare minimum skills required to do well. 

This is especially important in the cut-throat world of entrepreneurship.

At the beginning of this article, we noted that roughly 1 Million new small businesses were established in 2020. And that’s a lot. But it is equally notable that almost the same amount of already existing businesses – 993,809 – closed that year as well. 

So while starting a small business can be fun and profitable, it can also be a huge financial risk.

Here’s a list of the skills you need to have a fair chance in the game of entrepreneurship:

  • Passion, Commitment, Drive! 

    The prospect of starting a new business can be uber exciting. But once your company is up and running, the day-to-day task of building and operating your business can become mundane or overwhelming. That’s why it is crucial for any prospective business owner to have a true passion for the product and/or service they offer. There’s nothing worse than leaving a 9 to 5 job you hate just to start a business that you also hate. Make sure you are seriously committed to and passionate about your business plan before you place everything on the line. 

  • Networking & Sociability 

    The initial phase of starting a small business can be a lonely, isolated affair. But as you develop your business further you’ll need to maintain customer relationships and build vendor partnerships in order to expand and turn a profit. If you struggle to connect with people or hate networking, entrepreneurship might not be for you. 

  • Common Sense, Creativity and Adaptability 

    While there are certainly many technical aspects to managing a small business, starting and growing a company is mostly an art, not a science. At many points in your journey, your original recipes for success may start to falter, and you’ll need to rely on instinct and intuition to navigate those muddy waters. The most successful entrepreneurs are able to quickly adjust their business plans to the will of the market and adapt their business model to handle sudden changes in consumer behavior.  

Take The Next Step!

So do you have what it takes to be your own boss? If so, a degree in Small Business Management is an excellent next step in your entrepreneurial journey.

Click here to explore more online degrees and careers.

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