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.
This Blog Includes:
- MBA in International Business
- Career Scope of MBA in International Business
- Government Jobs After MBA in International Business
- MBA in International Business: Subjects
- Top Universities
- Eligibility Criteria
- Scope and Salary
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.
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
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
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|
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.
|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
To excel in this field and widen the scope of an MBA in International Business, students must be eligible in certain domains.
- Applicants must hold a 3 year UG degree in any discipline.
- Engineering and Medical students are eligible for this course as well.
- 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
- Some universities also require students to submit GRE or GMAT scores to get admission to the course.
Also Read: MBA in USA without GMAT
Employment Areas for MBA Graduates in International Business are listed as follows
- Brand Management
- Logistics Management
- Travel And Tourism
- Hospitality Sector
- Retail Sector
- Export Import Management
- Foreign Exchange Management
- 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|
The following are the top universities for MBA in International Business:
New York University
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.
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.