International Business Schools In New Jersey
New Jersey has 11 accredited international business schools where international business faculty who teach international business classes can find employment. The trends in New Jersey's international business academic community can be evaluated by looking at the statistics and graphs below. Academia in international business includes international business training at the following levels:
- Bachelors degree in International Business
- Masters degree in International Business
Statistics
Professional Trends
New Jersey Vs. National International Business Employment
| New Jersey | 66,920 |
| National | 2,908,730 |
Of all of the international business professionals that work in the US, approximately 2% work in New Jersey state.
Employment Growth for International business professionals In New Jersey
| 72,100 | 68,880 | 69,590 | 67,120 | 66,920 |
| 2006 | 2007 | 2008 | 2009 | 2010 |
|---|
- Yellow: Actual Values
The number of international business professionals is shrinking in New Jersey. 5,180 less international business professionals were working in New Jersey in 2010, than there were in 2006. Thus, the field of international business has shrunk by 7% in New Jersey. This decline is faster than the national trend for international business professionals which shows a 2% increase in the number of international business professionals working around the nation.
International Business VS. All Professions salaries in New Jersey
| $96,492 | $102,175 | $106,035 | $107,917 | $107,918 |
| $50,031 | $52,191 | $53,328 | $54,026 | $55,877 |
| 2006 | 2007 | 2008 | 2009 | 2010 |
|---|
- Light Blue: International Business
- Dark Yellow: All Professions
As the number of international business professionals is declining, the salaries paid to international business professionals are increasing in New Jersey. The mean salary for international business professionals in 2006 was $96,492 per year. And in 2010 the mean salary was $107,918 per year.
Salary percentiles for International business professionals in New Jersey
10th percentile |
$57,223 |
25th percentile |
$73,372 |
50th percentile |
$71,147 |
75th percentile |
$68,922 |
90th percentile |
$74,663 |
Thus, there was a 11% growth in international business professionals' salaries. This growth is mirrored by state trends for all professionals. In New Jersey state, within the field of international business, there is a huge variation in pay. The highest paid international business professionals earn 30% more money than those in the bottom 10% of the pay bracket.
Average Salaries for International business professionals and related professions in New Jersey
Accounting |
$53,200 |
Advertising |
$93,088 |
Business Administration |
$116,543 |
Business Management |
$126,438 |
Fashion Marketing |
$87,860 |
Fashion Merchandising |
$69,255 |
Finance |
$82,836 |
Hospitality |
$41,023 |
Human Resources |
$86,500 |
International Business |
$107,918 |
Management |
$103,780 |
Marketing |
$124,933 |
Project Management |
$92,304 |
Property Management |
$70,540 |
Public Relations |
$127,110 |
Risk Management |
$84,657 |
Small Business |
$162,420 |
Supply Chain Management |
$80,950 |
In New Jersey, international business professionals earn, on average, more than professionals in related fields.
Educational Trends
International Business programs available for each degree type for all schools in New Jersey
associate |
1 |
bachelor |
8 |
master |
4 |
doctor |
0 |
Certificate |
1 |
| Total | 14 |
The number of students graduating from the 11 accredited international business schools in New Jersey is decreasing. In 2006 there were 108 international business graduates from international business courses in New Jersey and in 2010 there were 72 graduates.
Thus there was a 33% percent decrease in the number of international business school degree or certificate graduates in New Jersey. Most of these graduates, or 57%, earned an bachelor's degree in international business.