Master of International Business [MIB] - Course Overview

  • STREAM

    MANAGEMENT

  • DURATION

    2 YEARS

  • COURSE

    Foreign Trade

  • COURSE TYPE

    Post Graduation

    Master of International Business (MIB) Top Colleges, Syllabus, Duration, Salary

    Sakshi Gupta Sakshi Gupta
    Content Curator

    Master of International Business (MIB) is a 2-year postgraduate degree program, the minimum eligibility is bachelor’s degree from a recognized college or its equivalent exam. Admission to Master of International Business (MIB) is depending upon the premise of candidate’s performance in a relevant entrance exam, and ensuing round of counseling.

    Some of the entrance exams for Master of International Business (MIB) that are designed for admission into top colleges include:

    Some of the top colleges and institutes which provide admission to Master of International Business (MIB) are as follows:

    The average tuition fee charged for the course in India ranges between INR 5,000 to 15 lacs, for a span of 2 years.

    Master of International Business (MIB) is a postgraduate Business Study program. International Business concentrates on the identification and management of challenges arising from planning, controlling and coordinating business activities on an international scale. The International Business courses such as foreign languages, trade finance & forex risk management, foreign trade policy and export management, make this program truly unique and raise it to the level of international status. Programme grooms working managers and executives for careers of increased responsibility with a focus on diversity and multicultural concerns, International relations and business strategies sensitive to international issues. Candidates have many options after completing it.

      The program equips candidates with practical business knowledge with a focus on the international and cross-cultural understanding of the marketplace. Candidates deepen their knowledge in areas ranging from humanitarian issues to security to corporate finance while expanding regional expertise. Candidates can find jobs in automobile companies, electronics and computer companies, consumer durables manufacturers and FMCG companies etc.) And Banks and securities firms import/export companies, consulting businesses, Travel and tourism and hospitality sector, Foreign Direct Investment and economic development agencies.

      Master of International Business (MIB) postgraduates are hired in capacities such as Business Development Manager, International Business Developer, Business Development Specialist, International Business Developer Executive, Business Development Executive, International Business Consultants, and Teacher & Lecturer etc. A fresh candidate in this field can get the initial salary offered range from INR 3 to 18 Lacs per annum. Salary can be increased as per the skills, experience and company reputation.

      Master of International Business (MIB): Course Highlights

      Given below are some of the main highlights of the course:

      Course LevelPost Graduation
      Duration of the Course2 years
      Examination TypeSemester and Annual
      EligibilityGraduation
      Admission ProcessEntrance exam and Merit Based
      Average Course FeeINR 5,000 to 15 Lacs
      Average Starting SalaryINR 3 to18 Lacs
      Top Recruiting CompaniesMcKinsey & Company, Boston Consulting Group, Bain & Company, Merrill Lynch & Co, Deloitte Consulting LLP, Lehman Brothers, JP Morgan Chase & Co, Goldman, Sachs & Co, Citi, Booz & Company, Accenture, Johnson & Johnson, Credit Suisse, Deutsche Bank, Morgan Stanley, UBS, Bank of America, Microsoft Corporation etc.
      Top Job AreasResearch & Educational Institutes, Finance Sector, Marketing Areas, Trade Companies, Banking Sector etc.
      Top Job PositionsBusiness Development Manager, International Business Developer, Business Development Specialist, International Business Developer Executive, Business Development Executive, International Business Consultants, Teacher & Lecturer etc.

      Master of International Business (MIB): What is it all about?

      Master of International Business (MIB) is a graduate degree in international business that gives business professionals insights and skills necessary for understanding and engaging with the global economy. The degree often entails studying international entities like multinational corporations, multiple economic systems, and often elements of cultural studies.

      Most graduate programs in international business are relatively short, lasting one to two years for full-time candidates and two to four years for part-time candidates. Some programs offer a range of fundamental business courses as part of their training, while others require that applicants have taken these courses before enrolling.

      In order to obtain a graduate degree in international business, candidates will often take courses such as Global Strategic Management, Macroeconomics, International Finance, International Marketing, Global Supply Chain Management, or International Law. After the successful completion of the Master of International Business (MIB) program, a candidate can develop a brief understanding of the basic concepts of global business. 

      Knowledge gained from Master of International Business (MIB) course will provide graduates with the skills to lead their companies through the internationalization process. The course is also relevant for those who seek career advancement in the public, inter-governmental and non-profit sectors, and others who wish to extend their skills in the analysis and interpretation of the global business environment.

      Master of International Business (MIB): Top Institutes 

      Given below are some of the top institutes in India that offer the course.

      NAME OF INSTITUTECITYAVERAGE ANNUAL FEES
      Janardan Rai Nagar Rajasthan Vidyapeeth UniversityUdaipurINR 43,500
      Jai Narain Vyas UniversityJodhpurINR 60,000
      ICFAI Business SchoolHyderabadINR 6,25,000
      Thiagarajar School of ManagementMaduraiINR 2,95,000
      University of RajasthanJaipurINR 8,05,000
      Dr GR Damodaran College of ScienceCoimbatoreINR 20,500
      RVS College of Arts and ScienceCoimbatoreINR 40,000
      Madhya Pradesh Bhoj UniversityBhopalINR 13,900
      Government Ramnarayan Chellaram College of Commerce and ManagementBangaloreINR 24,400
      Indian School of Business Management and AdministrationHyderabadINR 29,900
      Institute of Business Management and TechnologyBangaloreINR 3,25,000

      Master of International Business (MIB): Eligibility 

      An undergraduate degree in any field with at least 50% marks. It, however, helps if candidates are from the commerce stream. Admissions to the top colleges are through entrance tests like CAT, MAT, etc.

      Master of International Business (MIB): Admission Process

      For Admission to Master of International Business, candidates will have to appear in any one or more of the nationally conducted entrance exams. On the basis of performance in the entrance test, Group Discussion, and Personal Interview, management institutes prepare a shortlist of candidates for admission. Some weight is also given to marks scored in Higher Secondary and Graduation level examination.

      Following are a few entrance tests that are conducted by some of the Master of International Business colleges in India:

      Master of International Business (MIB): Syllabus and Course Description

      A semester- wise break up of the course’s syllabus is tabulated below.

      Semester ISemester II
      Management Concepts and Organisational BehaviourOperations Research for Business Decision
      Business StatisticsManagerial Finance
      Economics for ManagersInternational Marketing
      Accounting for Decision MakingInternational Trade Practices, Procedures and Documentation
      Marketing ManagementInternational Marketing Research
      International Business EnvironmentInternational Financial System and Markets
      International Trade and Policy FrameworkComputer Applications in Business
      Semester IIISemester IV
      International ManagementGlobal Strategic Management
      Services Marketing and Customer Relationship ManagementCross-Cultural Consumer and Industrial Buyer Behaviour
      International Financial ManagementInternational Human Resource Management
      e-CommerceInternational Advertising and Brand Management
      Legal Dimensions of International BusinessInternational Supply Chain Management and Logistics
      Foreign Language for Business IForeign Language for Business II
      Training ReportProject Report

      Master of International Business (MIB): Career Prospects

      International business is a lucrative field and opens up good many employment avenues in multinational companies, businesses, foreign investing firms, international organizations, government bodies and others. Candidates have a range of specializations where candidates can make the decent mark. A few such fields are international marketing, finance, banking, human resource management and business development.

      A slew of government jobs is there for the asking in different departments concerning foreign trade. After gaining some years of experience in the field candidates can get employed in reputed international organizations like World Bank, International Monetary Fund (IMF), Asian Development Bank (ADB) and the different arms of the UN. Candidates can also try their own hand in international trade.

      Related Master of International Business (MIB) courses

      Read more about Masters in Management courses

      Master of International Business (MIB annual salary
      JOB POSITIONJOB DESCRIPTIONAVERAGE ANNUAL SALARY
      Business Development ManagerBusiness Development Manager is responsible to identify sales leads and pitch goods or services to new customers and maintain a decent working relationship with new customers.INR 5 to 6 Lacs
      International Business DeveloperA Business Developer is responsible to increase a company's profits by attracting new clients and by enhancing the speed of existing customers.INR 8 to 9 Lacs
      Business Development SpecialistsBusiness Development Specialists are in charge of developing effective business plans for their organization.INR 3 to 4 Lacs
      Business Development ExecutiveBusiness Development Executive is responsible to assist their organizations to acquire new clients and sell extra products or services to existing ones.INR 2 to 3 Lacs
      International Business ConsultantsInternational Business Consultants are responsible to provide information and suggestions to various companies related to business.INR 7 to 8 Lacs

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