According to Sydney: "This new major is designed to provide students with knowledge and skills relevant to the development, strategy and management of international business organisations and the institutional context for their development, growth and operation. The program encompasses the domain of international business studies including multinational and transnational business activities, strategies and managerial processes that cross national boundaries, joint ventures and strategic alliances, mergers and acquisitions, and the interactions of international business organisations with their economic, political and cultural environments."
It's all very interesting, but i think graduates are being a bit ambitious if they think they will have a key role in the activities of TNCs. Though looking at the units of study offered it would still be a good 'secondary' major (i'm not putting it down), just look at that summary above, wow.