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.
Given below are some of the main highlights of the course:
|Course Level||Post Graduation|
|Duration of the Course||2 years|
|Examination Type||Semester and Annual|
|Admission Process||Entrance exam and Merit Based|
|Average Course Fee||INR 5,000 to 15 Lacs|
|Average Starting Salary||INR 3 to18 Lacs|
|Top Recruiting Companies||McKinsey & 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 Areas||Research & Educational Institutes, Finance Sector, Marketing Areas, Trade Companies, Banking Sector etc.|
|Top Job Positions||Business 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) 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.
Given below are some of the top institutes in India that offer the course.
|NAME OF INSTITUTE||CITY||AVERAGE ANNUAL FEES|
|Janardan Rai Nagar Rajasthan Vidyapeeth University||Udaipur||INR 43,500|
|Jai Narain Vyas University||Jodhpur||INR 60,000|
|ICFAI Business School||Hyderabad||INR 6,25,000|
|Thiagarajar School of Management||Madurai||INR 2,95,000|
|University of Rajasthan||Jaipur||INR 8,05,000|
|Dr GR Damodaran College of Science||Coimbatore||INR 20,500|
|RVS College of Arts and Science||Coimbatore||INR 40,000|
|Madhya Pradesh Bhoj University||Bhopal||INR 13,900|
|Government Ramnarayan Chellaram College of Commerce and Management||Bangalore||INR 24,400|
|Indian School of Business Management and Administration||Hyderabad||INR 29,900|
|Institute of Business Management and Technology||Bangalore||INR 3,25,000|
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.
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:
A semester- wise break up of the course’s syllabus is tabulated below.
|Semester I||Semester II|
|Management Concepts and Organisational Behaviour||Operations Research for Business Decision|
|Business Statistics||Managerial Finance|
|Economics for Managers||International Marketing|
|Accounting for Decision Making||International Trade Practices, Procedures and Documentation|
|Marketing Management||International Marketing Research|
|International Business Environment||International Financial System and Markets|
|International Trade and Policy Framework||Computer Applications in Business|
|Semester III||Semester IV|
|International Management||Global Strategic Management|
|Services Marketing and Customer Relationship Management||Cross-Cultural Consumer and Industrial Buyer Behaviour|
|International Financial Management||International Human Resource Management|
|e-Commerce||International Advertising and Brand Management|
|Legal Dimensions of International Business||International Supply Chain Management and Logistics|
|Foreign Language for Business I||Foreign Language for Business II|
|Training Report||Project Report|
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
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|JOB POSITION||JOB DESCRIPTION||AVERAGE ANNUAL SALARY|
|Business Development Manager||Business 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 Developer||A 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 Specialists||Business Development Specialists are in charge of developing effective business plans for their organization.||INR 3 to 4 Lacs|
|Business Development Executive||Business 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 Consultants||International Business Consultants are responsible to provide information and suggestions to various companies related to business.||INR 7 to 8 Lacs|