Scope of MBA in International Business

In today’s world, businesses are not just restricted to one town or city and owing to Globalisation, opportunities for expansion and potential for growth are endless and boundless respectively. The world trade and economy have become interdependent and people are looking for ways to understand how to achieve success in business. Recruiters are looking for MBA graduates who possess a diverse perspective and can help their company sustain the competition and demands of the global market. This blog will comprehensively cover the scope of MBA in International Business.

MBA in International Business

MBA in International Business is a postgraduate Management degree that helps the students become well-versed with all aspects of International Business and provides them with much-needed exposure and training in becoming effective and efficient managers and thus, make them a reliable asset for the global economy. It has a tremendous scope in today’s world as every organization today is on a quest to expand and diversify internationally and here, it becomes imperative for such Organizations to hire management Graduates who specialize in International Business.

Must Read: MBA – The Ultimate Career Starter for 2023

Career Scope of MBA in International Business

With multiple organizations and firms recruiting such graduates, the scope of MBA in International Business presents with itself a plethora of career options which are elucidated below:

International Business Consultant

They help in governing the organization’s commercial relationship with International clients.

Export  Manager

Ensure that shipment of goods and services to  other countries is as per laws and regulations of the export industry.

International Marketing Manager

Execute pricing policies as well as business strategies in an effective manner through proper research.

Global Business Manager

Ensure proper operation of an organization in an effective and efficient manner so that it is able to respond to changes happening in a global business environment

Project Manager

Framing goals of projects, allocating tasks, and resolving the challenges in the project.

International Finance Manager

Analysing financial reports, budgets, and statements of Business accurately

Investment Banker

Raise capital for the company through equity or debt.

Government Jobs After MBA in International Business

After pursuing MBA in International Business, students can choose to wok in various government sectors. The following are the popular areas of employment for MBA graduates:

• Export and Import
• Financial Sector
• Travel and Tourism
• Aviation Sector
• Shipping Sector

Students can also find employment in public companies like SAIL, GAIL and NTPC

MBA in International Business: Subjects

The scope of MBA in International Business ranges across various fields due to the meticulous course which is effectively designed. MBA in International Business has a unique course curriculum which does make students employable and industry-ready.

1st Year	2nd year
Human resources management	Domain-Specific courses
Financial Accounting	Summer Internships
Economics and Management Decisions	Industry visits
Quantitative Techniques	Cross-Cultural Management
Human Resource Management	Indian Policies and Trade Policies
Marketing Management	International Business Negotiation
Research Methodology	E-Business and E-commerce
IT for Managers	Dissertation 1 and Dissertation 2
Financial Management

Top Universities

The increased scope of MBA in International Business has also led to many universities include the course for students. The following are the top Top institutions for MBA in International Business in India and Abroad for MBA in International Business.

Abroad

University QS World Ranking 2023
Harvard University 5
Columbia University 22
George Washington University 362
Florida International University 751-800
New York University 39
Yale University 18
University of Birmingham 91
University of Alberta 110
University of Newcastle 192
University of Greenwich 801-1000

Top Colleges in India

• Indian Institute Of Foreign Trade(IIFT), New Delhi
• Symbiosis Institute Of International Business(SIIB), Pune
• MDI Gurgaon
• IIM Calcutta
• IIM Lucknow

Also Read: MBA in Operations Management

Eligibility Criteria

To excel in this field and widen the scope of an MBA in International Business, students must be eligible in certain domains.

1. Applicants must hold a 3 year UG degree in any discipline.
2. Engineering and Medical students are eligible for this course as well.
3. The applicants must clear the following to get admission in this course-

• Entrance Exam – CAT, XAT, CMAT, SNAP, IIFT
• Personal Interview (PI)
• Group Discussion/Extempore

4. Some universities also require students to submit GRE or GMAT scores to get admission to the course.

Also Read: MBA in USA without GMAT

Job Sectors

Employment Areas for MBA Graduates in International Business are listed as follows

1. Brand Management
2. Logistics Management
3. Travel And Tourism
4. Hospitality Sector
5. Retail Sector
6. Export Import Management
7. Airlines
8. Banks
9. Foreign Exchange Management
10. Courier Companies

Scope and Salary

Since the scope of MBA in International Business is as high as its demand, the salary packages are profitable. The salaries offered for various jobs under international business are as follows:

Job Title	Average Package
International Business Consultant	9-11 Lakhs per annum
Export  Manager	6-9 Lakhs per annum
International Marketing Manager	7-9 Lakhs per annum
Global Business Manager	12-14 Lakhs per annum
Project Manager	12-14 Lakhs per annum
International Finance Manager	10-12Lakhs per annum
Investment Banker	9-12 Lakhs per annum

FAQs

Hope you found this blog on Scope Of MBA in International Business insightful. If you’re planning to pursue an MBA in International Business, get in touch with us at Leverage Edu, our experts can help you choose a suitable course. We will provide you with the best guidance and support.