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.
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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.
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-
-Personal Interview (PI)
- Some universities also require students to submit GRE or GMAT scores to get admission to the course.
Stay updated with the MBA Application Deadline 2021
Scope of 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.
Top Universities Abroad
- Harvard University
- Columbia University
- George Washington University
- Florida International University
- New York University
Top 5 Colleges in India
- Indian Institute Of Foreign Trade(IIFT), New Delhi
- Symbiosis Institute Of International Business(SIIB), Pune
- MDI Gurgaon
- IIM Calcutta
- IIM Lucknow
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.
Also Read: Best No GMAT MBA Programs 2021
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|
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.