International Business Trends in West Michigan
West Michigan is a Place for International Business Talent to Flourish
Business in Michigan today is not just domestic: it's international. Michigan companies exported $57 billion in 2012, putting Michigan 8th highest among the 50 states. And 5% of Michigan jobs are directly linked to exports. International business is not just the province of the Fortune 1000. The vast majority (91.5%) of Michigan firms that export are small and medium sized enterprises. In fact, exports from small and medium sized companies comprised 18% of the dollar value of all Michigan exports.
West Michigan alone generated $5.4 billion of export sales in 2011. Exports made up 11% of West Michigan’s GDP in 2011: this is larger than the financial services industry, and 48% of the manufacturing sector. And West Michigan exports increased 41% since 2005, much faster than the entire West Michigan economy that only grew 5% in that time.
Small, medium, and large Michigan companies need talented people who have experience dealing with international diversity, business, and trade to continue this growth. Students who study at GVSU’s Seidman College of Business have the skills to help companies compete internationally. Seidman International Business majors have a double advantage: they earn a first major in management, marketing, finance, economics, or accounting; and a second major in international business. In addition all IB majors must study abroad and earn a minor in a foreign language. In 2012, 137 Seidman students studied abroad, which makes them the largest group of all GVSU students who studied abroad.
To learn more about International Business Careers, visit our Career Info Page!
Page last modified July 26, 2013