MBA IB

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MBA IB

We live in a closely-knit world when it comes to establishing business relations. Globalisation has intensified cross-cultural and cross country businesses which have become the major determinant of economic advancement. The need for professionals who can understand and manage various facets of a business like import-export, financial derivatives, supply chain, human resources, etc has now become the need of the hour. However, to become adept in multifarious roles, you need to have a degree like Global MBA or that in International Business Management. So, in this blog, we have listed down the essential details pertaining to an MBA IB degree program!

What is MBA IB?

MBA IB or International Business is a 1-2 year full-time or part-time postgraduation program that imparts extensive knowledge in the field of Business and Management and equips students with skills required to get adopted to the multidisciplinary nature of the global market. Offered by some of the best MBA colleges across the world, strategy and documentation engaged with export and import, strategies for moving toward clients in foreign nations, money discussion and fluctuation, raising capital from the worldwide market, etc are some of the areas you’ll gain experience in. 

Name of the degree MBA in International Business
Eligibility Criteria Bachelors with 50% marks from any field of study 
Duration  2- 1 year
Admission Process Entrance exams, Personal Interview + Group Discussion
Work Experience Not mandatory
Indian entrance exams CAT, XAT, GMAT, SNAP, NMAT, CMAT
International entrance exams GMAT/GRE, IELTS/TOEFL
Total Fees Range INR 14- 50 lakhs per annum

Course Curriculum and MBA IB Syllabus

To develop a strong understanding of different nuances of the stream, the course curriculum, just like other MBA specialisations, is constructed to help you gain theoretical knowledge as well as managerial skills through lectures, interactive sessions, seminars, project reports, etc. While in the first year, you will get hold of the basic concepts like globalisations and its impacts, FDI, trade agreements, etc. In the second year, you will have to specialise in an area like Marketing, International Enterprises, Cross-Border Laws, Supply Chain Management, etc. Enlisted are some of the major subjects which form a part of the MBA IB syllabus:   

  • Financial Accounting 
  • Macro and Micro Economics 
  • Governance and Corporate Sustainability 
  • Corporate Finance 
  • International Marketing 
  • Import and Export 
  • Foreign Exchange Management
  • International Business Law and Environment
  • Global Marketing Management
  • Foreign Trade And Policy
  • International Logistics Management
  • Cross-Cultural Business Management

Books for MBA IB

Providing the best infrastructure, quality education, and essential industrial exposure, there are a wide range of business schools that offer comprehensive MBA IB programs. Some of which have been given a rundown below: 

University  QS World Rankings 2022
University of Chicago 10
University of California, Berkeley 32
University of Alberta 126
University of Birmingham  90
New York University 42
IE Business School
EU Business School  
Edith Cowan University 651-700
London School of Business and Finance
University of Greenwich 751-800

Universities in India for MBA IB

  • Indian Institute of Foreign Trade, New Delhi
  • IIM Lucknow
  • IIM Ahmedabad
  • MDI Gurgaon
  • Amity International Business School, Noida
  • University of Delhi, Delhi
  • Aligarh Muslim University, Aligarh
  • K J Somaiya Institute of Management Studies & Research, Mumbai
  • Symbiosis Institute of International Business, Pune
  • Banaras Hindu University, Varanasi

MBA in International Business in Distance Learning 

Several Universities across the world offer MBA in International Business in the distance learning mode. Here is list of universities where you can pursue Online MBA in IB-

  • EU Business School, Multiple Campuses
  • LSBF Singapore, Singapore
  • University of Cumbria, UK
  • Schiller International University, USA
  • Instituto Europeo de Posgrado, Spain
  • GBSB Global Business School, Spain
  • Westford University College, USA
  • University of Delaware, USA
  • Kettering University, USA
  • Tiffin University, USA
  • Central Michigan University, USA
  • University of Scranton, USA

Admission Requirements

Be it an MBA in HR or MBA in Event Management, there are certain set requirements that you need to fulfill in order to pursue the course. Though the eligibility criteria can vary from one university to another, here are some of the common parameters for pursuing an MBA IB course: 

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  • Bachelor’s degree in any of the disciplines with at least 50% aggregate marks.
  • 2-3 years of work experience. 
  • GMAT or GRE test scores. 
  • English proficiency test scores like IELTS or TOEFL. 
  • Letter of Recommendation, Statement of Purpose, all academic transcripts, etc
  • Group Discussion (GD) and Personal Interview (PI) also form an essential part of the MBA admission process in some of the universities  
  • Updated Resume/CV

Indian Entrance Exams

To study MBA in International Business, students across India must appear for some entrance exams such as CAT, XAT, GMAT, SNAP, NMAT, CMAT. These are some of the most popular entrance exams for management courses and are not limited to studying MBA IB. Students who appear for these exams can apply for various specialisations and courses that are offered by the respective colleges.

MBA IB Career Prospects

International Business Management is one such program that offers plentiful scope for a profession in globally known firms. As an MBA IB graduate, you can be a part of the private and government organizations, import and export divisions of MNCs, transportation sector, IT companies, travel and hospitality industry, global consultancy firms, international logistics companies, etc. Enlisted are some of the job profiles you can work after an MBA IB: 

Job Profiles and Average Salaries

Global Logistics Manager ₹24,00,000-  ₹20,00,000 per annum
Project Manager ₹15,00,000- ₹14,00,000 per annum
Brand Manager ₹9,00,000 – ₹8,00,000 per annum
Accounts Manager ₹6,00,000-₹5,00,000 per annum
Investment Banking Managers ₹10,00,000-₹9,00,000 per annum
International Marketing Manager ₹9,00,000 per annum
International Business Consultant ₹8,00,000 per annum
Export Managers ₹8,00,000 – ₹7,00,000 per annum
International Finance Manager ₹8,00,000 – ₹7,00,000 per annum
International Business Development Manager ₹900,000 per annum

Top Recruiters for MBA IB Graduates

  • Apple
  • IBM
  • Pepsi
  • McKinsey and Company
  • General Motors
  • Nestle 
  • Infosys
  • Citi Bank
  • Accenture
  • Johnson & Johnson
  • Morgan Stanley
  • Boston Consulting Group
  • Bank of America
  • Amazon

FAQs

Which is better MBA or MBA IB?

Both MBA and MBA IB are equally good. It boils down to the individual and their career choices.

Which country is best for MBA IB?

USA is the best country to pursue MBA, followed by UK, France, Australia, Germany, Switzerland etc.

What are the job profiles after MBA IB?

Graduates can take up jobs as Accounts Manager, Global Logistics Manager, Product Manager, International Business Manager. All these are lucrative and exciting career choices.

What companies hire MBA IB graduates?

MBA IB graduates generally work with transnational and multinational corporations that have operations in multiple countries. MNCS like GM, Google, IBM,, Nestle, Apple etc hire MBA IB holders.

Since most companies look forward to expanding their market overseas, the scope of pursuing an MBA IB is vast. Needless to say, choosing a university, the MBA program of which aligns with your goals and aspirations can be a daunting task. If you are confused about how to go about your plans, then our experts at Leverage Edu will provide assistance not only in completing the modal requirements but will also help you craft an SOP that makes your candidature stand out from the rest!

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