MIB: Course Details, Admission, Eligibility, Fees

Duration

Average Fees

INR 60,000 -15 LPA

Surobhi Chatterjee

Updated on Oct 3, 2022 by Surobhi Chatterjee

Surobhi Chatterjee

Updated on Oct 3, 2022 by Surobhi Chatterjee

Master of International Business is a two-year-long course that deals with the identification and management of challenges arising from planning, controlling, and coordinating business activities on an international scale. The MIB course prepares students for a wide range of career options, including Management Analyst, Marketing Manager, Executive, Human Resources Manager, Financial Analyst, Economist, and Policy Analyst.

MIB Course Details

Degree Masters
Full Form Master in International Business
Duration
Age No age limit
Subjects Required Commerce
Minimum Percentage 50%
Average Fees INR 60,000 -15 LPA
Average Salary INR 7 - 13 LPA [Source: PayScale]
Employment Roles Business Development Manager, Operations Manager, Marketing Manager, Area Sales Manager, Business Development Executive, Business Analyst, Senior Business Development Manager etc
Opportunities Tata Consultancy Services Limited, Wipro Technologies Ltd, HCL Technologies Ltd, Accenture, Standard Chartered Bank, JP Morgan Chase & Co, Ericsson Inc, Williams Sonoma Incorporated, Citibank etc

MIB Latest Updates:

  • Sept 13, 2022: IIM Bangalore Recognised As India's Best B School In Masters Programme. Read More
  • Sept 13, 2022: XIM University MBA Admission 2023 Open till December 09, 2022. Read More
  • Sept 12, 2022: MJPRU BMS Admission 2022 merit mist is released. Read More
  • Sept 12, 2022: FMS Delhi releases the 13th list of Provisionally selected candidates. Read More

About MIB Course

MIB full form is Master of International Business duration is 2 years. According to Wikipedia, “ Master of International Business (MIB) is a master’s degree designed to develop the capabilities and resources of managers in the global economy. It is for those seeking to establish or accelerate a career in International Business”.

MIB course focuses on strategic planning for international operations and provides an in-depth understanding of the organization's capabilities required for international operations, including specialized functions such as international marketing, finance, and human resources management. The International Business exam is a semester-based exam and the admission process for the MIB course has an entrance exam. Creating sustainable learning opportunities for indigenous communities is the fundamental aim of the MIB course details to address challenges preventing them from accessing formal education. 

Table of Contents: 

Eligibility Criteria for MIB Course

Admission to MIB qualification is dependent on the eligibility requirements set by the particular universities/colleges. Candidates who want to apply for this MIB course will be required to have a Bachelor's Degree from any recognized university. MIB course eligibility criteria are students who opt for this course must have passed/her 10+2 exam with a minimum of 50% in the former subject from a recognized board and students who are interested in this course have no age limit.  MIB is a postgraduate program that has entrance exams conducted for the students who are applying for this course.

How To Get Admission?

The admission requirements for MIB courses differ from the universities/colleges that offer the course. In general, most Universities/Colleges conduct their entrance exams to determine which students are admitted. The majority of universities and colleges' eligibility criteria use the CAT and MAT scores for admissions. Students interested in this course must have cleared their bachelor in commerce undergraduate program and this course can also be done by any age group student. MIB course admission can be done with both online and offline methods. Mentioned below are some of the details for the admission process:

MIB Admission Process

How to Apply for a MIB course?

Admission details for the MIB course are available on the college/university official website where candidates can apply. Admissions are handled both online and offline. To learn more about MIB course details and follow the application guidelines, students must visit the college/university's official website. As each college/university has a different admission process, students should check college/university official websites frequently. To apply offline, students must visit the colleges/universities which offer this course and check the admission process. Online, applicants need to visit the college/university's official website to check the admission process for this course.

Selection Process 

MIB candidates are mostly selected in India based on the percentage they scored in their 10+2 exams and the percentage obtained in undergraduate programs. MIB course details vary among colleges/universities that offer the course, so some colleges have eligibility criteria for students who wish to take this course. The colleges/universities have an entrance test, and the candidates who pass it get into the college or university. MIB entrance exams are conducted according to the guidelines of the colleges/universities. 

Master of International Business Quick Facts

Master of International Business in short (MIB) is a two years degree program that helps in building skills and resources to run a global business. It helps candidates in developing their leadership skills and speed up their careers in the International business environment.

Listed below are some of the quick facts about International Business:

  • MIB is a two-year-long postgraduate degree.
  • The basic eligibility of the course is to obtain 50% marks in the Bachelors of commerce undergraduate degree or equivalent qualifications.
  • The admission process for the course includes both entrance exam based and merit-based.
  • The average salary for the course range from INR 60,000 to 15 LPA.

In some colleges/universities offering this MIB postgraduate course, admission is determined by the course guidelines. A top business-based exam can also be used to pass the MIB entrance exams. Common Admission Test (CAT), is used as an entrance exam for some colleges for students pursuing this course. In some colleges and universities, there are separate entrance exams with cut-off marks. The following are some of the top MIB entrance exams: 

A Quick Glance at the MIB Entrance Exams 

The MIB course requires that students be familiar with the international business exam pattern and syllabus before taking the examination. It will help the students to prepare for the exam in advance and it will also help the students to clear the exam easily. In general, the CAT entrance exam has the following format: 

  • CAT will be held via the internet, as a computer-based test.
  • 2 hours is the duration of the CAT exam.
  • The exam is conducted in English.
  • Each section of the paper is organized according to the following subjects: Data Interpretation and Logical Reasoning, Quantitative Ability, and Verbal Reasoning and Reading comprehension.
  • There is a maximum score of 228 points for the exam.
  • All correct answers will be rewarded with +3 marks.
  • Incorrect answers will result in a -1 mark.

Top 10 MIB Course Colleges in India 

MIB course full form Master’s in International Business (MIB) colleges and universities are located all around the country. An International Business degree is ideal for students who want to develop a global mindset and understand different management practices. Students who take the MIB course in India gain professional development skills for further growth in their field. The following are the MIB course best colleges: 

MIB Colleges in India
SI.NO Lists of Colleges
1 Institute of Management Studies, Noida
2 International Academy of Management and Entrepreneurship
3 Shri Nehru Maha Vidyalaya College of Arts and Science
4 Hardwar Educational College
5 Institute of Business Management and Technology
6 KG College of Arts and Science
7 Institute of Media Management and Technology
8 St Wilfreds College for Girls, Ajmer
9 Parks College
10 RVS College of Arts and Science

Top MIB Colleges

MIB Course Fee in India 

MIB course fees in India may vary depending on the infrastructure and facilities offered by the colleges/universities offering the course. In India, the average course fee is INR 60,000-15 LPA. Fees for MIB course fees in India differ from other business courses, and the demand for MIB fee structure in international business sectors is high. MIB course fees are reasonable compared with those in foreign countries. The fee structure for some colleges in India offering MIB courses is as follows: 

MIB Fees
SI.NO Name of the Institute Average Annual Fees
1 Indian School of Business Management and Administration, [ISBMA] Bangalore INR 44,900 PA
2 Mangalore University, [MU] Mangalore INR 60,000 PA
3 International Maritime Academy, [IIMA] Chennai INR 80,000 PA
4 Mahatma Jyoti Rao Phoole University, [MJRPU] Jaipur INR 25,000 PA
5 Madhya Pradesh Bhoj Open University, Bhopal INR 16,560 PA

Master in International Business College Comparison

Listed below are the difference between top MIB colleges in India:

College Comparison For Course MIB
Parameters Department of the Commerce  Chandigarh University University of Kota
Overview The Department had proved to be the premium institute for providing the best course curriculum development, teaching and research in the Commerce discipline.  Chandigarh University provides a highly professional degree for students who wants to learn global business trends. The University of Kota provides several Undergraduate, Postgraduate, M.Phil. and PhD courses under a plethora of specializations.
Location  New Delhi Punjab Rajasthan
Rank 11 - NIRF 52 - NIRF 78 - NIRF
Average Fees INR 9,000 PA INR 4.3 LPA INR 12,000 PA
Average Package INR 9.5 LPA INR 8 LPA INR 5 LPA
Placement Companies Maruti Suzuki, HeroMoto Corp, GTPW, Bajaj Finserv Hitachi, Honda, Alembic, Yes Bank, American ExpressC ICICI Bank, Genpact, SBI Life

Seat Break-up

There are about 60 seat break-ups in MIB in India. MIB is a postgraduate degree course in International Business. It's a professional degree that helps in developing an individual to serve as a manager. MIB helps in improving an individual's skills such as planning and controlling business activities on an international scale.

Who Can Opt for a Masters in International Business?

Students can opt for a master's in International Business course if they belong from a business or non-business background. MIB course has a diverse field of study, and students from different streams can opt for this course.

Syllabus and Subjects for MIB Course

The Masters in International Business (MIB) is a 2 years postgraduate program. MIB is designed to develop the capabilities and resources of managers in the global economy. The syllabus and subjects of the program combined international business, international political economy, and learning languages and world cultures. 

These are some of the subjects students will learn in this course: 

  • Business Research Methods
  • Business Economics
  • Corporate Ethics and Governance
  • Entrepreneurship

Read More About MIB Syllabus & Subjects

Why Choose the MIB Course? 

Students often wonder about MIB course details before choosing the course. The first question students ask before choosing the course is “What is a MIB course?” and “ Why choose the MIB postgraduate program?”. To help them answer these questions, we have listed three pointers:

Why Choose MIB?

What MIB Course is All About?

MIB course duration is 2 years. The MIB course mainly deals with strategic planning, computer finance, marketing, operations, and entrepreneurship. Master of International Business's aim is to emphasize the foundations of financial management, human resource management, and marketing within an international setting and global arena. “What is a MIB course ?” is explained with the course details and scope after completion of this course. 

What Does a MIB Graduate Do? 

In the international business industry, the MIB course details offer a wide range of career options. Graduates of the Masters in International Business postgraduate program can work both in private and public international business sectors. Graduates of the MIB program are not limited to the business industry; they can also opt for numerous other industries, such as Compliance officer, Costs lawyer, Digital marketer, and many more.

Management Analyst: The essential tasks of a management analyst are identifying issues and analyzing possible solutions for them, presenting findings and recommendations to clients, and assisting clients with implementing the suggested solutions. 

Reasons Why MIB Course Can Fetch You a Rewarding Career? 

MIB postgraduate courses can lead to rewarding career growth both in the public and private sectors. Master’s in International Business (MIB) is one of the most popular business courses in recent days. This course provides the skills and knowledge necessary for starting an international business and joining business sectors for career growth and development. 

Career scope and options: The Master’s in International Business (MIB) postgraduate program provides students with a wide range of international business knowledge and experience. 

Read More About MIB Jobs

Preparation Tips for MIB Course 

Business professionals with a MIB postgraduate program can choose from a variety of career options. If this is the career path a student wishes to pursue, they should be well prepared for it. Here are some important tips which students can follow to get into this MIB course: 

Improving the skills: Before applying to this course, be sure you have the skills that will help you in getting into this course. Improve your business skills and management skills to enhance your success in this course. For a better understanding of the course, improve your communication skills and learning abilities.

Proficiency: To complete this course, students should have a solid understanding of international business. In addition, those with business experience and greater interest can benefit from this course after completing it.

Master in International Business Course Comparison

Master in International Business and MBA in Masters in Business administration. Two of these courses have their specializations and subjects. Listed below are the major difference between them:

MIB Course Comparison with MBA
Parameters  MIB MBA
Full-Form Master in International Business Masters of Business Administration 
Type Academic Degree Professional degree
Domain International Business Business Administration
Objective It deals with strategic planning for international operations It deals with developing business and technical knowledge among students
Examination type Semester  Semester/Trimester
Admission Process Entrance exam Entrance Exam
Specialization None Finance operation, Human resources, Marketing
Average fees INR 60,000 - 15 LPA INR 20,000 - INR 20 LPA
Average Placement Package  INR 10 LPA  INR 15 LPA
Job Opportunities Global Business Manager, Investment Banker, International Marketing Manager. Marketing Manager, Financial Manager, Human Resources manager, operation manager

Read More: MBA

Scope For Higher Education 

Master’s in International Business is a postgraduate course that is well respected and well recognized in the business sectors. The International Business program gives students an understanding of different business management practices found all over the world, preparing them for graduate careers working abroad or in organizations that are engaged in business on a global scale. After completing MIB courses, many students want to gain hands-on experience and move their careers forward. The following are some of the higher education available to students: 

  • MBA
  • CIPD
  • CMI
  • CIM

MIB Courses Salary In India 

The average salary package for MIB courses in India ranges between INR 7-13 LPA (Source: PayScale). Salary offered to students varies depending on their skills and experience in the international business sector, as well as their course graduating progress.

Read More: MIB Salary

Career Options After MIB Course 

MIB course college graduates have a large number of career options. Scope of MIB course colleges in India provides their students with theoretical and practical skills to help them advance their careers. After completing this program, candidates are qualified to join any top international business job and to hold a good career. In addition to the MIB course, graduates can choose from the following job roles:

Top MIB Companies

  • Media Planner
  • Financial Trader
  • Digital Marketer
  • Compliance Officer
  • Sales Executive
  • Public Relations (PR) Account Executive
  • Human Resources Officer or Manager
  • Marketing Manager
  • Management Analyst
  • Policy Advisor or Analyst
  • International Trade and Customs Manager
  • Business Development Manager
  • International Economist
  • Financial Controller or Manager
  • International Marketing Director

Skills That Make You The Best MIB Graduate 

MIB graduates should develop their business and unified communication skills. The skills that a student needs to develop for his/her career growth can also be developed according to his/her interests. For their career growth, some skills must be developed without a personal interest in learning. The following are some of the most important skills for MIB graduates: 

  • Appreciation of cultural differences
  • Communicating with different audiences
  • Critical Thinking
  • Planning and management
  • Problem-solving
  • Research and analysis
  • Teamwork

MIB Fee Structure

Other Category Courses

Loading...