With the advent of globalisation, establishing a strong online presence has become a necessity for every business. International Business has emerged as a crucial academic discipline that studies trade practices and commercial markets on a global level. It analyses contemporary challenges related to international trade along with delving deeper into the arena of global economics as well as laws and regulations related to international business practices. A Masters in International Business (MIB) is a postgraduate program comprising the study of globalisation and how it has impacted the trade practices on a transnational level. If you are planning to pursue a MIB course, here is a blog elaborating the key details of this program, its syllabus, eligibility criteria and top universities you can choose from.
Must Read: MIM: An Ultimate Guide
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What is a MIB Course?
A MIB course aims to provide students with a deep insight into the international business management, foreign markets and how trade challenges are managed on a transnational level. It is emerging as popular program amongst those wanting to study globalisation concepts such as foreign trade policy, trade finance, forex risk management, export management, amongst others. It equips students with the management and analytical skills required international trade activities along with familiarizing them with global trade compliance laws.
Who Can Opt for a Masters in International Business?
The Masters in International Business is widely open to students belonging to business as well as non-business backgrounds. Moreover, a MIB course comprises of subjects spanning across different sub-fields and thus welcomes students from different educational backgrounds from Commerce to Law.
Know All About the MBA in International Business!
To apply for a MIB course, here is a list of eligibility requirements you need to keep in mind:
- A bachelor’s degree with upper or second class honours from a recognised institute.
- Management Aptitude Tests like GMAT.
- Minimum 2 Letters of Recommendation (LORs).
- English Language Proficiency Tests such as TOEFL, IELTS, TOEIC, etc.
- Some universities may prefer candidates with verified work experience but the majority of universities accept fresh graduates.
Syllabus for MIB Course
The curriculum of the MIB course may fluctuate from one university to another. Here is a list of some general subjects included under a program in International Business:
- Key Marketers: Study of the business markets on a global level majorly focusing on countries like India, America, China, Japan, Korea, Africa etc.
- International Management: This subject includes varied concepts like global business laws, international relations, intercultural management, international negotiations, amongst others
- International Marketing: It comprises of market analysis, international marketing management and business consulting.
- Accountancy: With its integral focus on the spectrum of International Business, subjects like international accounting, financial risk management and Incoterms, amongst others are covered.
- Strategy & Operations: It involves the study of day-to-day operations of a firm like project management, strategy building, international supply chain management.
- Economics: It consists of a detailed study of managerial economics, microeconomics of competitiveness and global economics.
Major Universities & Colleges offering MIB Courses
There are numerous universities and colleges that offer MIB courses across the globe. Below we have mentioned some of the major academic institutions that are renowned for their programs in International Business:
- University of Alberta, Canada
- University of Greenwich, London
- University of East London, London
- The University of Melbourne, Australia
- University of Regina, Canada
- University of Victoria, Canda
- University of Sydney, Australia
- Northumbria University, UK
- University of West London, UK
- University of Birmingham, UK
- Sydney Business School, Australia
- University of Wollongong, Australia
- EU Business School, Spain & Switzerland
- York University, Canada
- Central Queensland University, Australia
- Queen’s University, Canada
- La Trobe University, Australia
- Deakin University, Australia
- Northeastern University, USA
- University of Warwick, UK
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After completing a MIB course, you can avail an array of job opportunities across varied fields of Commerce. From Management to Banking, here are the most popular career profiles in the field of International Business:[optin-monster-shortcode id=”xf2mlnjiouddzrshykdb”]
- Business Development Manager
- International Business Consultant
- International Business Developer
- Business Development Specialist
- Finance Management Analyst
- International Accountant
- Global Marketing Manager
- International Expansions Manager
- International Economist
- Manager Analyst
- International Management Consultant
- Global Leader-Learning and Analytics
- Human Resource Adviser- International Assignments
- International Banker
- Customs Compliance Specialist ( or import-export)
- Talent Manager Associate
Attaining the knowledge of how the international market works and its governing laws, students who have completed a MIB course can apply for top-notch business giants like,
- Ernst & Young
- First Direct
- Coca Cola
- AC Nielsen
- Shanghai Bank
- Procter & Gamble
- Glaxo Wellcome
- Britannic Assurance
- McKinsey & Company
What is MIB course?
Master of International Business, i.e. MIB Course is a postgraduate program which generally encompasses the duration of 2 years. Pertaining to the study of Business and Management, it aims to impart students with the knowledge of international trade practice as well as identification and management of challenges that occur through planning, coordinating as well as surveilling business activities on a global scale.
Which is better MBA or MIB?
MBA and MIB differ in their course structure and curriculum. While a MIB course is more specialised and focused on providing students with the knowledge of international business and foreign practices, an MBA program encompassed a wide range of specializations as well as is more concentrated on practical and professional exposure.
What is the difference between MBA and MBA IB?
An MBA is more of a generalized degree while an MBA IB is a specialized postgraduate program. Further, a general MBA program comprises the knowledge of all specializations under business and management as well as interdisciplinary subjects while an MBA IB will centrally provide the knowledge of how international businesses work as well as the laws, ethics and other aspects concerned on a global level.
Thus, a MIB course is an ideal one for those wanting to grasp the knowledge of the international market and how it has immensely changed with the phenomena of globalisation. If you are planning to pursue a degree course in International Business and don’t know where to start, take the help of our Leverage Edu‘s AI tool to browse through a plethora of programs offered in this field and find the right one that matches your interests and career aspirations.