According to the International Trade Administration, 507,118 jobs in Connecticut were directly related to international trade and commerce as of 2013, an increase of 115% since 1992. As this illustrates the state’s increasing reliance on global trade, local businesses and multinationals alike increasingly look to business professionals with a global perspective. This demand has helped drive up salary offers for corporate executives, operations managers, business development directors and others with knowledge of international trade and commerce.
In 2013, Connecticut exported approximately $25 billion in goods and services to 199 international trade markets. In that year, the state’s chief foreign export markets were located in Canada, France, China, Mexico, Germany, and the United Arab Emirates.
In 2013, the state’s top exports included aerospace products and parts, navigational and measurement instruments, and industrial machinery. In that same year, Connecticut’s largest export services were financial management and advisory services, travel, and insurance services.
International Business Salaries in Connecticut
Median salaries in Connecticut for a number of key occupational classifications typically associated with international trade and commerce are shown here (United States Department of Labor, 2014):
- Industrial Production Managers: $105,600
- Purchasing Managers: $112,500
- Transportation Storage and Distribution Managers: $101,300
- Compliance Officers: $75,200
- Logisticians: $71,200
- Management Analysts: $86,600
- Market Research Analysts and Marketing Specialists: $64,500
The US Department of Labor provides a full analysis of salaries for international business professionals in Connecticut (2014):
*The hourly wage is equal to or greater than $90 while the annual salary is equal to or greater than $187,199. The US Bureau of Labor Statistics does not report salary data greater than these values.
International Relations Salaries in Connecticut
Professionals that work in the sphere of international relations are in a unique position to integrate public policy, academics, diplomacy, and goodwill to create building blocks toward cultural awareness and strong trade relations. By doing so, international relations workers initiate humanitarian-based networks making future global trade options more viable.
In 2014, the United States Department of Labor complied salary statistics to find the median salaries for numerous professionals that engage in international relations efforts throughout Connecticut. The results were as follows:
- Fundraisers: $47,900
- Economists: $88,700
- Urban and Regional Planners: $80,200
- Political Science Teachers Postsecondary: $82,500
- Foreign Language and Literature Teachers: Postsecondary: $73,800
- Interpreters and Translators: $51,500
The US Department of Labor also provides a full analysis of salaries for international relations professionals in Connecticut (2014):