The 21st century has witnessed a paradigm shift in the field of Information Technology which has, in turn, changed the way in which businesses are operated across the world. Further, the rise of multinational companies and mega business corporations has given a new impetus to the management landscape with a number of students opting for various Management courses and business professionals across the globe getting lucrative jobs. Since every successful business unit in the world strives to deliver quality service to its clients through experienced professionals, universities across the world have started offering well-structured MBA programs to fill in the gap. MBA in International Business is one such course that equips students with the necessary career skills and business acumen. This blog aims to highlight the salient features of the program, its scope and the prestigious universities offering this course!
|Course Full Name||MBA in International Business|
|Eligibility||Bachelor’s degree + Valid Entrance Exam Score|
|Entrance Exams||CAT, XAT, NMAT, CMAT, MAH CET etc.|
|Fees||INR 5-15 Lakhs|
|Average Salary||INR 6-20 LPA|
|Job Profiles||Export Manager, Business Development Manager, Investment Banker, Global Business Manager etc.|
|Top Recruiters||Accenture, Citi, JP Morgan Chase & Co, Cognizant, Amazon|
This Blog Includes:
- Course Overview
- Why Study MBA in International Business?
- Important Subjects
- MBA in International Business: Eligibility Criteria
- Top Universities
- MBA in International Business Top Colleges in India
- MBA in International Business Entrance Exams 2023
- MBA in International Business: Career Prospects
- Top Recruiters
Generally running for a period of 1-2 years, MBA in International Business provides an in-depth understanding of trade and business management activities at a global level. Subjects like Global Operations, Business Management Strategy and Culture, Business Methods, International Finance and Marketing, Communication Skills, etc, form an integral part of the course curriculum. Further, one needs to complete a dissertation project, the duration of which can vary from one university to another in order to complete the degree program.
Why Study MBA in International Business?
International Business is one of the most popular fields of business management since it provides a corporate career in prominent multinational corporations and international commercial firms. The course is primarily taught in MBA/PGDM programmes. It can, however, be studied at the undergraduate level as a speciality in BBA and BCom courses. The MBA in International Business programme is designed to prepare applicants to work as professionals in an international business environment without falling behind their peers. MBA in International Business is a popular specialisation that is in high demand among applicants but is only offered by a few B-Schools in India. Applicants with an MBA in International Business can work abroad, benefit from increased networking opportunities, and earn competitive salaries.
In order to have an in-depth understanding of an MBA in International Business, students have to go through a range of subjects which will further enhance their skills in management studies. Tabulated below are some of the subjects:
|Foreign Language for Business||International Supply Chain Management and Logistics||International Advertising and Brand Management|
|International Human Resource Management||Managing Global Compliance in Exports||International Contract Management|
|Financing of International Trade||Financial Derivatives and Risk Management||Research Methodology|
|Accounting for Managers||Managerial Economics||Business Environment & Law|
|International Business Environment||Cross-Cultural Business Management||Forex Management And Currency Derivatives|
|Foreign Trade And Policy||Management Of a Multinational Corporation||Global Financial Markets And Instruments|
MBA in International Business: Eligibility Criteria
To pursue an MBA in International Business, you need to meet the eligibility parameters set by the university. It is important to note that the conditions can vary based on the university and country you are applying to. Enlisted are the important point one needs to remember while applying to universities abroad:
- A valid English language proficiency scorecard like that of TOEFL/IELTS/PTE.
- One also needs to obtain a minimum percentile in GMAT.
- You need to have a bachelor’s degree in any discipline from a recognized educational institution.
- To pursue MBA, you also need to have 2- years of work experience.
- Candidate has to be avidly interested in economic dynamism which is taking place in countries around the globe.
- Statement of Purpose [SOP], Letter of Recommendation [LOR], University transcripts, updated CV/Resume, etc also form a part of the application process.
There are globally renowned universities that offer an MBA in International Business courses for students. Not only do they offer quality education but also provide a healthy educational environment with dedicated faculty members and well-equipped infrastructure. Their tie-ups with scores of MNCs and educational institutions across the globe also provide a platform for students to gain global exposure. Glance through the following list of universities offering this popular MBA specialization:
- Sydney Business School
- Middlesex University Dubai
- EU Business School – Barcelona
- London School of Business
- Hofstra University
- INSEAD Singapore
- Harvard Business School
- IE Business School
- Fox School of Business and Management
- University of Alberta
- Columbia Business School
- Melbourne Business School
- University of Greenwich
- Ivey Business School
- York University
- The University of Hong Kong
MBA in International Business Top Colleges in India
|Name of College||Fees (in INR)|
|Amity University, Noida||13 Lakhs|
|Birla Institute of Management Technology, Greater Noida||13 Lakhs|
|Chandigarh University, Chandigarh||5 Lakhs|
|ITM Business School, Mumbai||11Lakhs|
|Jagran Institute of Management Studies, Delhi||9 Lakhs|
|Lovely Professional University, Jalandhar||8-10 Lakhs|
|Management Development Institute, Gurgaon||25 Lakhs|
|Nirma University, Ahmedabad||8-13 Lakhs|
|Silver Oak University, Ahmedabad||2 Lakhs|
|T A Pai Management Institute, Manipal||17 Lakhs|
MBA in International Business Entrance Exams 2023
|Name of Exam||Registration Details||Exam Details|
|CAT||First week of August 2023||In November 2023|
|CMAT||Closes on 6-Mar-2023||In April 2023|
|NMAT||August-October 2023||October-December 2023|
|MAH CET||Closed on 11-Mar-2023||18-19 Mar-2023|
|TISS NET||Begins in December 2023||Likely to be held on 24-Feb-2024|
MBA in International Business: Career Prospects
With the increase in demand for professionals adept with management and business knowledge, the scope of pursuing MBA in International Management is immense. A large number of companies are now offering lucrative jobs for graduates under various job profiles. Given below is a list of popular profiles and top recruiters in this field:
- Management Analyst
- Chief Executive Officer
- Global Business Manager
- International Business Consultant
- Investment Banker
- International Marketing Manager
- Export managers and executives
- Business Development Manager
- Export coordinator
- Project Manager
- Supplier Manager
- Account Manager
- McKinsey & Company
- Deloitte Consulting LLP
- Booz & Company
- Johnson & Johnson
- Deutsche Bank
- Microsoft Corporation
- Bank of America
- Merrill Lynch & Co
The MBA (International Business) is a foundational programme for producing a competent cadre of business executives to fulfil the country’s expanding demand for international management training people. MBA (IB) is a six-term general management programme with a concentration in international business.
MBA in Business Analytics, MBA in Finance, and MBA in Entrepreneurship are three of the highest-paying MBA specialisations. Salary ranges for each of these fields range from 70,000 USD to 90,000 USD (or 60,00,000 INR to 90,00,000 INR per year).
Most MBA programmes require at least three years of work experience, however Master of International Business programmes accept applicants with no prior job experience. This suggests that the average age of MBA students is higher than that of Master of International Business students.
With a comprehensive MBA in International Management course offered by scores of universities, you can thus find employment opportunities across industries! Needless to say, in order to increase your chances to secure admission in top business schools, writing an impressive SOP is a primary requisite. Take the assistance of the experts at Leverage Edu who will guide you in crafting an impeccable statement of purpose that can help you take admission to your dream university!