MBA in International Business is a 2 years Post graduate program degree. It offers students with the knowledge about various foreign policies, trade, foreign investments export management, forex risk management.
The eligibility is minimum 50%-60% in a Bachelor’s degree. Many universities conduct their own entrance examinations also.
See Also: MBA IB Admissions 2021
MBA in International Business admission process is merit based but exams like CAT, MAT, GMAT etc are conducted by various bodies for the admission into the colleges.
MBA International Business top colleges include IIFT-New Delhi, IMI-New Delhi, Alliance University-Bangalore etc.The average fees is around INR 5-10 lakhs.
MBA in International Business subjects are Economics & Management Decisions,Indian Policies & Trade Policies, International Business Negotiation etc.
The scope of MBA in International Business is huge as a part of MBA course, particularly in times of globalisation. The average salary stands around INR 10-15 lakh.
MBA IB Highlights
|MBA IB Course Name||MBA International Business|
|Course Level||Post graduate|
|MBA IB Duration||2 years (4 semesters or 6 trimesters)|
|MBA IB Eligibility||Graduation in discipline|
|MBA IB Admission Process||Entrance test + GD + PI|
|MBA IB Course Fee||INR 10 to 15 Lakhs|
|Course features||Export and Import Management, International Marketing, Foreign Exchange Management, International Finance etc.|
|MBA IB Average Salary||INR 5 to 12 LPA|
|Top Recruiting Companies||McKinsey & Company, Citi Bank, Bank of America, Deutsche Bank, Goldman Sachs etc.|
MBA IB: Eligibility
The eligibility criteria for MBA International Business Admissions are as follows:
- Bachelor’s Degree with minimum 50 or 60 percent marks
- Registering and taking the MBA entrance exam – CAT/GMAT/XAT/SNAP or as required by the institute and scoring well to get shortlisted for admission
MBA IB Admission Process
MBA International Business admissions are mainly done through entrance examinations basis whereas some institutes provide direct admission either on merit or on management quota basis.
Basic steps are:
- A written test is conducted to qualify.
- Candidates who qualify the entrance test are called for next stage, which includes Written Ability Test, Group Discussion and Personal interview
- Final selection is done on the basis of performance during these two stages. Candidate’s past academic performance, and work experience is also considered for final selection.
|MBA GD Topics||MBA Placement Preparation||MBA Admission in First Tier Colleges|
MBA IB Entrance Exams
|Entrance Exams||Registration date||Exam Dates||Result date|
|CAT||1st week of August,2021||November 8, 2021||January 2022|
|CMAT||February 12, 2021||March,31 2021||April 2021|
|SNAP||2nd week of August,2021||Second week of December, 2021||Second week of January,2022|
|GMAT||Anytime of the year||Throughout the Year||-|
MBA IB: Syllabus
The MBA in International Business syllabus focuses on the procedure and documentation involved in export and import, International Policies and Trade Policies, raising capital from the international market, and distribution market.
|1st Year||2nd Year|
|Economics & Management Decisions||Domain Specific Courses|
|Quantitative Techniques||Summer Internships|
|Financial Accounting||Domain Tailored Courses|
|Marketing Management||Industry Visits|
|Human Resource Management||Cross-Cultural Management|
|Financial Management||Indian Policies & Trade Policies|
|IT for Managers||International Business Negotiation|
|Research Methodology||E-business & E-commerce|
|Application Statistics||Merges & Corporate Regulation|
MBA IB: Distance Education
MBA IB Distance Education programs are usually opted by working professionals who want to enhance their skills as well as growth in career.
|Name of the University||Location||Average Annual Fees|
|Bharathiar University, School Of Distance Education - [BU-SDE]||Coimbatore||INR 12,550|
|Annamalai University, Directorate Of Distance Education||Annamalai||INR 14,050|
|Alagappa University, Directorate Of Distance Education - [DDE]||Karaikudi||INR 36,300|
|Venkateshwara Open University||Naharlagun||INR 28,500|
|Pondicherry University||Pondicherry||INR 12,450|
|ICFAI University, Distance Education||Agartala||INR 35,500|
|UPES Centre for Continuing Education||Dehradun||INR 46,500|
MBA IB Top Colleges
|NIRF Management Ranking 2020||College Name||Fees|
|26||IIFT, New Delhi||INR 8,85,000|
|28||IMI, New Delhi||INR 8,69,500|
|32||Kalinga Institute of Industrial technology|
|36||Institute of Management studies, BHU||INR 45,760|
|39||Alliance university||INR 13,50,000|
|41||Amity university||INR 5,60,000|
|44||NIRMA, Ahmedabad||INR 5,02,000|
|45||Aligarh Muslim University||INR 2,02,350|
|47||BIMTECH, Greater Noida||INR 12,00,000|
|52||IMI, Kolkata||INR 627,950|
|69||Jaipuria Institute of Management, Noida||INR 5,35,000|
IIFT MBA IB
Indian Institute of Foreign Trade(IIFT) is the pioneer institute in India offering MBA in International Business.
- The admission is done on the basis of a National level entrance exam, IIFT Exam, by the institute itself to admit students.
- This entrance test is conducted at 20 cities across the country.
- Candidates who are able to qualify the entrance examination are called for Personal Interview, Essay Writing Test and Group Discussion.
- Candidates are selected on the basis of above criteria after the admission process gets over.
IIFT MBA IB: Course curriculum
|International Business Strategy|
|International Financial Management|
|International Marketing Management|
|International Trade Logistics|
|International Trade Operations and Documentation|
|India and World Economy|
MBA IB DU
|Course Name||MBA - International Business|
|Eligibility||Bachelor's degree with 50% or above|
|Selection||Group Discussion, Personal Interview|
|Course Fee||INR 30,392|
|Highest Salary Package||26 LPA|
|Average Salary Package||14 LPA|
|Recruiting Companies||TCS, Mckinsey and Company, Boston Consulting Group, Merrill Lynch and co., Accenture, Deloitte etc.|
MBA IB in India
MBA in International Business is offered by many top colleges in India with a high number of Domestic and International placements.It has now become a key area of study that offers high career growth prospects.
Top MBA International Business in Mumbai
|KJ Somaiya Institute of Management||INR 7,81,785|
|Amity University||INR 5,15,000|
Top MBA IB in Pune
|MITCON Institute of Management||INR 2,62,500|
Top MBA IB Colleges in Bangalore
|Alliance University||INR 13,50,000|
|Reva University||INR 3,00,000|
Top MBA IB Colleges in Hyderabad
MBA IB in Abroad
MBA in International Business program is also known as an MBA in International Management course abroad and is one of the sub-sector programs of Business management.
|University of South Carolina||INR 23,42,609 / 32000 USD|
|Harvard University||INR 53,76,289/ 73,440 USD|
|Florida International University||INR 15,47,513/ 21,139 USD|
|Georgetown University||INR 42,34,998/ 57,850 USD|
|New York University||INR 56,20,798/ 76,780 USD|
|University of Pennsylvania||INR 58,88,149/ 80,432|
|Columbia university||INR 56,64,430/ 77,376|
|George Washington University||INR 40,36,023/ 55,132 USD|
|Saint Louis University||INR 36,15,671/ 49,390 USD|
|Arizona State University||INR 21,04,624/ 28,720 USD|
MBA IB Jobs
|Job Profile||Job Description||Average Salary|
|Business Development Manager||BDM(Business Development manager) identifies new prospects and sales leads and is often the first face of the company.||INR 7.44 LPA|
|International Marketing Manager||International Marketing manager’s primary role is to develop and implement strategic international plans as well as pricing policies through research.||INR 7.51 LPA|
|Area Sales Manager||An area sales manager sets goals for the sales division team and is responsible for the total sales in an area.||INR 7.70 LPA|
|Senior Business Analyst||Their prime responsibility is to identify trends, opportunities and dangers.||INR 9.32 LPA|
|Project Manager, (Unspecified Type / General)||Managing and communicating ongoing changes in tasks, goals, or performance and facilitating resolution of all issues to reach project goals.||INR 12.53 LPA|
|Global Business Manager||Global Business managers role is to operate an organization with global scale efficiency and competitiveness that is responsive and flexible to cultural differences.||INR 12 LPA|
|Investment Banker||The key role of Investment Banker is to raise capital through securities whether Debt or Equity.||INR 9.93 LPA|
|Export Manager||They plan and coordinate the international shipment of goods by ensuring that shipments are in compliance with the laws and regulations governing the export industry.||INR 6.67 LPA|
|International Business Consultant||The commercial relationships between the international consultant and their clients in international markets are governed through an International Consulting Contract.||INR 9.78 LPA|
|International Finance Manager||Analyzing annual budget processes, associate financial reports and statements and evaluate financial results is the primary role for International Finance Managers.||INR 10 LPA|
MBA IB: FAQs
Ques: What is IB in MBA?
Ans: International Business is a 2 years full-time or part-time or through distance education programme. It is offered by the various institutions in and out of the country. It has the following course feature: Export and Import Management. International Marketing.
Ques: What jobs can I get with an MBA in international business?
Ans: It offers a wide range of job opportunities such as :
- Global Marketing Manager
- International Sales Manager
- International Trade Compliance Manager
- International Logistics Coordinator
Ques: Which country is best for MBA in international business?
Ans: Many countries offer MBA in International Business courses with the United States as the best. Some other countries are the UK, Australia, France, Germany etc.
Ques: What are the subjects in MBA International Business?
Ans: MBA in International Business provides insights about:
- Brand Management.
- Export-Import Management.
- Logistics Management.
- International Marketing.
- Foreign Exchange Management.
- Compliance Management.
Ques:Is MBA better in marketing or international business?
Ans: IMBA in Marketing is pursued for general management careers whereas an MBA in International Business brings in exciting career opportunities as it concentrates on management operations, international management tactics and world economics.
Ques: Is MBA in international business good?
Ans: The scope of MBA in international business is very much demanding and vast. After completing this degree, you can join various enterprises or firms anywhere.
Ques: Is international business a good career?
Ans: International Business studies provide you knowledge about world cultures and societies. A Master's programme in International Business also qualifies you for more prestigious job opportunities, such as the role of Chief Executive Officer.
Ques:Do you travel a lot in international business?
Ans: This career involves a lot of travel and interacts with people of different cultures, therefore respecting their traditions and customs is critical in order to do successful business.
Ques: What is the starting salary for an international business major?
Ans: Payscale.com reported that the starting average salary in 2019 for an international business major was INR 50,72,338.
Ques: What is an international business example?
Ans:Companies having independent operations in each country, and each country has its own set of offices, employees. Some such examples are Amazon, Citigroup, Coca-Cola.