MBA International Business is a two-year postgraduate management degree that deals with the nuances of international finance, e-commerce, and trade policy. The course provides a basic understanding of international business and how it promotes a more interdependent and interconnected global economy. Upon pursuing MBA degree in International Business, aspirants get a wider picture of international trade and management creating greater job opportunities both in India and abroad. Graduates receive high job scopes in the trade and business sectors and also in multinational companies as business development managers and finance professionals.
|Full Form||Master of Business Administration in International Business|
|Duration||Course Duration of Master of Business Administration [MBA] (International Business) is 2 Years.|
|Age||No specific age limit|
|Minimum Percentage||50% in Under graduation|
|Average Fees Incurred||INR 50,000 - 30 LPA|
|Average Salary Offered||INR 3.4 LPA (Source: Payscale)|
|Employment Roles||Business Development Manager, Operations Manager, Marketing Manager, Area Sales Manager, Business Development Executive, Business Analyst, Operations Team Leader, Executive Assistant etc.|
According to Oxford, International Business is defined as "refers to any scenario where the manufacture or sale of products or services crosses national boundaries."
The MBA International Business syllabus's fundamental goal is to build a competent nationwide workforce with a full understanding of evolving international business scenarios. It has now become a core area of research offering strong career growth prospects.
MBA International subjects include foreign trade, global business operations, planning, industrial growth analysis, etc. Also, international business studies have high job scope. They can be of great benefit to students who intend to undertake graduate studies in law or public policy, where good awareness of international business can be beneficial.
The tools and technologies used by the international business house to grow in the corporate world are listed below:
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For admission into MBA International Business, students are expected to secure 50% aggregate in any undergraduate course from a recognized university. Apart from that, the selection process is also done based on scores obtained in common entrance exams. The course is open to anyone who meets the basic eligibility requirements and doesn’t have any age limit restrictions.
MBA in International Business course falls under the umbrella of MBA. The admission process is done via management quota or via merit-based quota. Merit-based quota requires graduates to tick all the eligibility criteria boxes. Reputed institutions rely on the admission process based on merit and the cut of scores secured in the entrance exams. The management quota or direct admission is purely based on the availability of seats which may vary according to the institution. Some of the general admission processes include:
The aspirants can either apply online or offline. Based on their merit or the score obtained in the entrance exams, the applicants are shortlisted prior to entry to the program; the universities administer counseling, personal interviews, group discussion rounds.
Marks scored in related management entrance exams by students are taken into account. After an interview, deserving aspirants are allocated seats.
The entrance exams are conducted by various bodies, admission to top MBA institutions in India depends on the student’s ranking. There are multiple forms of entrance exams for the MBA aspirants, and they can choose the entrance exam they want to appear depending on the level of difficulty and competition they are willing to face.
The entrance exams conducted at the national and university level are as follows:
MBA International Business is one of the best choices for the aspirants who are interested to learn finance and business principles globally. To get admission in the best institution, one has to clear national or international entrance exams. Some of the standard pattern of the entrance exams are listed below:
Listed below are the top MBA in International Business colleges in India according to NIRF.
|NIRF Ranking||Top Colleges|
|34||Jamia Millia Islamia University|
|41||Amity University Noida|
MBA in International Business in India is a very popular course as it integrates the main aspects of global competition, simplifies international business management dynamics, collaborates, raises market share, and maximizes benefits not only through exports and imports. MBA in International Business average fees is INR 50,000 - 30 LPA.
|1||Indian Institute of Foreign Trade, New Delhi||INR 7.5 LPA|
|2||Amity University||INR 7.6 LPA|
|3||Jamia Millia Islamia University||INR 56,000|
|4||Lovely Professional University||INR 1.16 LPA|
|5||Aligarh Muslim University||INR 3.5 LPA|
The MBA in International Business syllabus includes export and import, methods of approaching customers in foreign countries, currency conversation, and fluctuations, collecting capital from the international market and the distribution market. Important International Business MBA subjects are listed below:
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Let's get to know about the benefits of doing MBA in International Business and "why choose an MBA in International Business?" with the aid of three simpler questions.
The MBA IB is a two year postgraduate management course on international business administration and management. The course's fundamental goal is to build a capable workforce within the country that has a full understanding of evolving international business scenarios so that they can weigh and evaluate the effect of these changes on the domestic market. The coursework consists of subjects like global strategic management, international trade policy, international marketing, etc. along with fundamental management subjects to offer a combined understanding of international business and business management. The course offers several job opportunities both in India and abroad.
MBA in International Business incorporates main elements of global competition, simplifying the nuances of international business management, collaboration, growing market share, and optimizing revenues not just through exporting and importing, but also by handling international financial services, a global consultancy, marketing, making the most of international logistics and supply chains, internally.
Management: International business managers manage all branch activities and develop suitable marketing strategies to boost growth. Foreign business managers plan and execute company procedures and assist with registration for new markets.
Maintaining Efficient Relationships: They maintain efficient relationships with different government departments and regional assignment agencies.
Handling Finance Related Tasks: They compile financial statements and reports for the management to send. They plan and evaluate various advertising campaigns and assist in the creation of new programs. They create and execute a range of training programs for leaders.
Career Growth: It's a small planet, and with ever-changing technology, it's only getting smaller. The economy today is truly global. When corporations manage more foreign transactions and acquisitions than ever before, employers are continually looking for employees with the expertise to oversee these transactions.
Job Availability in Diverse Sectors: Hence, it opens a diverse job scope to unravel and explore international business with a creative eye. MBA graduates should look forward to a wide variety of career openings in management, marketing, accounting, corporate finance, consulting, and even human resources.
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The MBA in International Business is all about understanding the business opportunities that exist at the global level and getting to know about the nuances of international finance. Students interested in higher education can pursue a Ph.D. in Business Management or equip themselves with international business certification courses. Learning new language courses can also help the students to understand the socio-culture of the foreign cities.
An entry-level MBA in International Business salary in India for a graduate with less than one year of experience can expect to earn an average salary of INR 3.4 LPA. An early career MBA in International Business graduate with 1-4 years of experience earns an average total compensation of INR 4.6 LPA.
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As the world is narrowing day by day, and economic interdependence between countries is growing, the demand for MBA International Business jobs in India is also rising. Due to companies and the industry's increasing demand, an MBA in International Business scope is high has become one of India's most favored advanced MBA courses. It has now become a core area of research offering strong career growth prospects.
Some MBA in International Business job profiles are as follows:
Specific skill sets are very crucial when it comes to hiring freshers. Following are some important MBA in International Business skills:
Networking: Progress in international business career needs outstanding networking skills. Managing a strong network pool globally lets one understand new business trends and opens up business opportunities that one has never considered before. As a result, most business schools arrange for foreign tours, student exchange programs, and international workshops to familiarize you with such networking possibilities.
Collaboration: Collaboration with team members from other cultures is particularly advantageous in an international business setting. Next, it is an opportunity to use and improve the cross-cultural communication skills of candidates. Second, it will open them to new insights and ways to solve challenging market issues. The most inspiring and influential business leaders are also the best partners, recognizing that combined brainpower will accelerate its growth.
Emotional Intelligence: Emotionally intelligent people are self-conscious and in control of their emotions, which means they can better respond peacefully in sensitive or challenging business circumstances and adapt flexibly to change. They can also work together efficiently, share, and interact well, thanks to above-average interpersonal abilities and a deep sense of compassion.
Resilience and Adaptability: Professionals should be ready to take risks and to learn from their mistakes. Adaptive managers also excel in their international business careers because adaptive thinkers thrive in evolving environments. Adaptive reasoning can be strengthened by practicing curiosity, gaining modesty, and self-control. There is a high demand for global professionals' skills as the business situation is evolving.