MBA in International Business is a two-year post graduate degree in management. Graduates in any stream can opt for it. International Business is one of the most trending specializations in MBA these days. Many industries and organization are hiring the Graduates of “International Business” to represent their company at international level.
Top Institutes offering MBA in International Business course are:
Candidates with excellent communication skills, a keen aptitude towards business and having interest in economies of different countries, are most suitable for this course. MBA in International Business will enable them as managers who understand the strategies and trends of the global economy and apply this to improve the country’s export management.
MBA in International Business program was first started as a Master in International Business in America in 1946. In India it was started as the Indian Institute of Foreign Trade (IIFT) was established in 1963 by government of India. In the current scenario most of the B schools of the country are offering this course as International Business is the most demanding sector in any country economic growth.
|Course Name||MBA International Business|
|Duration||2 years (4 semesters or 6 trimesters)|
|Eligibility||Graduation in discipline|
|Admission Process||Entrance test + GD + PI|
|Course Fee||INR 10 to 15 Lakhs|
|Course features||Export and Import Management, International Marketing, Foreign Exchange Management, International Finance etc.|
|Average salary offered||INR 5 to 12 LPA|
|Top recruiting companies||McKinsey & Company, Citi Bank, Bank of America, Deutsche Bank, Goldman Sachs etc.|
MBA in International Business is offered in both part time and full time mode. It is offered in executive mode also for the working professionals. You can also opt for correspondence mode by taking weekend classes. Many institutes and universities offer such programs.
The objective of the course is to help professionalize the foreign trade management of country and increasing the exports and imports by generating, analyzing and conducting research. MBA IB course mainly focuses on developing a capable workforce within the country who has a complete understanding of the changing international business scenarios so that they can weigh and analyze the impact of those changes in domestic market.
There are various benefits that one can yield after the completion of MBA in International Business. Some of these are:
Following are some top institutes for MBA IB course-
|College Name||Location||Average Fee (in INR)|
|Indian Institute of Foreign Trade||Delhi||8,01,000|
|Symbiosis Institute of International Business||Pune||6,25,000|
|ICFAI Business School||Hyderabad||6,25,000|
|CMS Business School||Bangalore||3,88,000|
|Institute Of Management Studies, Banaras Hindu University||Varanasi||85,000|
|University Business School, Panjab University||Chandigarh||16,400|
|SRM Business School||Lucknow||--|
Candidates can apply for MBA IB course if they possess one of the following-
Mostly B schools offer admission in MBA in International Business through entrance exams. Although there are some institute which provide direct admission to the students either on merit basis or on management quota basis.
|CAT||IIMs and several other B schools|
|XAT||XLRI, its associates and other B schools|
|CMAT||B schools approved by AICTE|
|IIFT||IFT Delhi and Kolkata Campus|
|SNAP||Symbiosis University and its institutes|
Selection process in most of the B schools is almost similar.
Every institute follows the following steps to provide admission-
MBA in International Business course structure is the same as other MBA courses. The first year consists of core subjects of management in form of classroom lectures, workshops, and seminars. After completion of first year, students go for summer internship. From second year the specialized courses are taught and also the electives are chosen in the second year.
Following flow chart shows the basic course structure of MBA IB-
The academic curriculum is designed so as to incorporate a professional approach to the international business environment.
Following are some common subjects from which one can choose the electives for their specialized course-
|International Supply Chain Management||The course explores the main issues in international logistics (IL) and supply chain management (SCM) to underline their strategic importance to firms.|
|Financial Derivatives and Risk Management||Study of derivatives that can be used either for risk management|
|inancing of International Trade||Study of international trade and finance|
|International Contract Management||Study of various contracts used in business|
|Managing Global Compliance in Exports||Management of global agreement in export is taught|
|International Human Resource Management||The overall aim of the course is to educate you as a Human Resource Manager in an international context and improve the quality of your professionalism|
|International Advertising and Brand Management||What is use of advertising and branding in international markets|
|International Supply Chain Management and Logistics||Study of management of the flow of goods and services at international level|
|Foreign Language for Business||Students have the choice to select the foreign language. Mostly institutes teach French, Spanish, Mandarin etc.|
Above mentioned subjects are taken form common curriculum of some universities/institutes. These courses may vary from college to college.
MBA in International Business graduates has an immense opportunity in the current market. Career options after this course are increasing so rapidly. International business degree holders are often required due to increasing globalization and the growing number of businesses currently competing on the international stage
Following are the functional areas for MBA in International Business graduates-
International Marketing Departments of Companies having exports aboard have multiple opportunities for MBA in International Business graduates. Following are some top recruiting companies
Apart from global companies that compete on international markets, such as airlines and chain restaurants, graduates of international business MBA program often find careers within government agencies, nonprofit organizations, and banking.
MBA in International Business can lead to careers like management analyst, administrative service manager, and chief executive officer. Following are the job profiles that can be offered after MBA in International Business-
The salary trend of MBA in International Business graduates depends on job profile, company and work experience. Mostly account managers with this degree earned from 3.6 LPA to 6 LPA average at this time, while international sales managers primarily earned between 4.80 and 12 LPA. The range is 4.0 to 8.0 LPA for most business development managers. Marketing managers make from 3.6 to 10 LPA on an average.
Following graph shows the salary trend according to job profiles-
Following graph is for top recruiting companies and their salary trend-