MIB Jobs, Scope, Salary in India
MIB jobs are available in both the public and private sectors with a good salary package. MIB course scope lies in practical business knowledge with a focus on international and cross-cultural. MIB job opportunities include Management Analyst/Consultant, Sales Manager, International Trader, Financial Controller, Business Development Manager, Mediator/Arbitrator, Marketing Executive, and more.
Candidates pursuing the MIB course can have excellent employment options at their disposal in the area of International Business. MIB Syllabus and subjects are well-structured to help candidates with the knowledge and insights they require from the course in order to get potential career opportunities. MIIB graduates can acquire various employment opportunities at global companies and MNCs for their domestic and international operations with versatile job responsibilities.
Career Prospects and Job Scope for MIB Course
MIB jobs are available in a wide variety of international business fields. In recent times, careers are rapidly developing compared with other business careers. As international business professionals, students will develop skills and credits that will be useful for their future careers.
A large amount of international business is generating a huge need for individuals who have an in-depth understanding of global markets. In addition to promising careers, the MIB course offers its graduates the opportunity to explore advanced research into international business.
The following are some of the top jobs for MIB freshers:
- Export Managers and Executives
- Global Business Manager
- International Business Development Manager
- International Finance Manager
- International Logistics Manager
- International Business Consultant
- International Brand Manager
- Business Advice
- Business Analyst
- Corporate Investment Banker
- Human Resources Officer
- Management Consultant
- Marketing Executive
- Procurement Manager
- Product Manager
Areas of Recruitment for MIB Course
MIB courses provide a very broad and diverse scope for students interested in international business. The MIB salary varies with the skill and knowledge of the graduate, as well as experience in applying for any international business position.
The following are the few areas of recruitment for the MIB course:
- Banks
- Management Consultancies
- Recruitment Agencies
- Technology Companies
- Government Business
- Private Business
- Costs Lawyer
- Digital Marketer
- Media Planner
What Graduates Can Do After A MIB Degree?
Master in International Business (MIB) is a two years post-graduation program that focuses on strategic planning for international operations which helps students in-depth understanding of the organizational capabilities required for international operations including international marketing, finance, and human resource.
Management Analyst/Consultant
In this designation, employees had to help the organization solve any type of issue and feed advice on growing revenues and improving business performance. Listed below are the essential tasks of a management analyst.
- Finding issues and analyzing possible solutions for the organization.
- Presenting and findings recommendations to clients
- Supporting clients with implementing the suggested solution
Sales Manager
In this designation, employees need to handle the sales team, so that the company reaches the sales target for promoting products and services in the market. Listed below are the duties of a sales manager:
- Setting a clear sales strategy and evolving training programs for the sales team.
- Monitoring and analyzing the sales figures and performance
- Finding Potential customers and looking for new business opportunities
International Trader
International Traders or commodities and securities traders work in advising corporate clients on several matters with respect to international trade and investment opportunities. Listed below are the responsibilities for this role:
- Assessing the client's financial abilities and suggesting investments
- Proving advice in aspects of securing capital, real estate, international business strategies
Financial Controller
Employees will be responsible for financial reporting for the company accounts, translation, payroll, and preparation of taxes. Financial Controllers coordinate and communicate with all the departments of an organization and should have a proper understanding of the entire business. Listed below are the responsibilities of a Financial Controller:
- Creating and maintaining the companies accounting system
- Creating different strategies to improve financial reporting
- Processing and Recording transaction
- Collecting debts
Business Development Manager
In this designation, employees had to develop strategic analysis with marketing and sales techniques to support a company's growth and revenues. The Business Development Manager helps in creating new partnerships and increasing sales from existing accounts. Listed below are some of the key roles of a business development manager:
- Defining organizational and strategic goals
- Negotiating closing business deals
- Withholding exciting accounts by presenting new solutions to the clients
Mediator/Arbitrator
In this designation, as a mediator will be responsible for working with different companies that cannot find a mutual agreement regarding a difficult situation. It might be caused by factors like a conflict of interest, financial transactions, etc. Listed below are the responsibilities:
- Determine evaluate the dispute and understand the exact cause of it
- Identify strategies policies and tools to solve the issue
- Support both the party's understanding accept and implement a solution for their development
Marketing Executive
In this role, employees will be responsible for increasing the company’s profit and doing promotional activities that will showcase the company’s products and services. Some of the main tasks are:
- Manage develop and oversee the progress of the marketing campaigns
- Identify and redefine the audience based on research and data analysis
- Create a detailed financial and statistical report
Supply Chain Manager
To be a Supply Chain Manager employees had to look into all the products available according to the clients. They will be responsible for limited costing and reducing waste where it is possible. Listed below are the responsibility of a supply chain manager:
- Organize schedule tasks and instruct tasks that improve productivity
- Search for methods and/or tools that optimize the product delivery systems
- Create, maintain, and expand collaborations with current and new clients and suppliers
External Auditor
The external Auditor assesses the accounting record of the other organization and establishes if employees meet the legal and accounting standards. As an external auditor, employees will look for missing data, statements, funds, etc. Listed below are the most common tasks are:
- Plan financial auditing processes
- Evaluate risk management strategies and offer suggestions
- Report all the errors and inconsistencies found during an audit
Compliance Officer
The compliance officer deals with whether the organization doesn’t break any current laws, regulations, and licensing aggregate. Employees will be responsible for researching and staying up to date with the latest changes that might harm the business. Listed below are the major tasks:
- Estimate and develop risk management strategies
- Conduct frequent internal audits to verify the if the laws are followed and implemented
- Oversee the investigation and another issue related to compliance
International Business degrees open the door to various careers in management
International Business studies help to understand different aspects of business management practice and develop students to work abroad or in organizations that deal with global business. MIB prepares students for prestigious job opportunities such as the role of Chief executive officer. Students can work in different fields at University as a teacher or research workers or in government sectors and multinational organizations.
Salary Packages for MIB Course
According to PayScale, MIB's salary in India ranges from INR 7-13 LPA. Graduates of the MIB program earn a salary based on the knowledge and experience they acquire. In comparison with other graduates with experience, MIB graduates' average salary is moderate.
The students can find jobs in the public and private sectors as they gain experience and international business techniques. Several international business companies hire graduates of the Masters in International Business from recognized colleges/universities.
| Job Roles | Average Annual Salary (INR) |
| Average Salary | 5 LPA |
| Highest Salary | 9.95 LPA |
| Lowest Salary | 4 LPA |
Below is a list of some of these job titles with salary information:
| Job Roles | Average Annual Salary (INR) |
| Business Development Manager | 5.98 LPA |
| Senior Business Analyst | 9.95 LPA |
| Business Analyst, IT | 6.07 LPA |
| Business Analysis | 8.75 LPA |
| Business Development | 7.12 LPA |
| Business Consulting | 5.47 LPA |
| E-Commerce | 6.92 LPA |
| Management Analyst | 67,678 PA |
| Marketing Manager | 6.83 LPA |
| Business Executive | 4 LPA |
Source: PayScale
Government Jobs for MIB Graduates
MIB job opportunities in government organizations are in greater demand than in private business sectors. The jobs for MIB graduates in the fields like export and import companies, investment companies, financial institutions, and banks.
In addition, they can find job placement opportunities in Indian State Governments and Central Government organizations in the tourism and travel sector. MIB postgraduate course government salary in India is around INR 5-9 LPA (Source: Naukri). Most government jobs in India are hired by entrance exam followed by the personal interview round. Some MIB government jobs with designations are as follows:
| Job Roles | Average Annual Salary (INR) |
| Business Manager | 9.50 LPA |
| Business Development Executive | 8.20 LPA |
| Relationship Manager | 12.45 LPA |
| Product Manager | 12.67 LPA |
| Service Manager | 10.78 LPA |
Source: Naukri
Private Jobs for MIB Graduates
Graduates of the MIB program have ample job opportunities in private companies and other international business sectors. In India, MIB jobs are in greater demand than in other countries and regions. Students after completion of this course can opt for higher education or can also avail of job opportunities in any international business company with their skills and experience in business sectors.MIB job salary in India is around INR 6-16 LPA (Source: Naukri). The following are some of the private jobs and their salaries:
| Job Roles | Average Annual Salary (INR) |
| Business Manager | 9 LPA |
| Management Analyst | 9 LPA |
| Marketing Manager | 8 LPA |
| Business Executive | 4 LPA |
| Human Resources Manager | 8 LPA |
Source: Glassdoor
Job Opportunities Abroad for MIB Graduates
MIB graduates have many job prospects not only in India but internationally as well. The skills and experience graduates have allowed them to be offered job opportunities abroad. MIB graduates who work in private companies possess the practical skills and experience that will be of great benefit to them for their career development abroad. MIB job vacancies abroad are numerous compared with Indian international business vacancies for graduates of this course. These days, international business jobs abroad are among the most famous jobs overseas.
Some jobs in demand for international business careers are Management Analyst, Marketing Manager, Executive, Human Resources Manager, Financial Analyst, Economist, and Policy Analyst.
Top Companies For MIB Graduates
Below is a list of the top companies that hire MIB graduates:
- Wipro
- Bharti Airtel
- ICICI Bank
- Accenture
- TCS
- KPGM
- Amazon
- Goldman Sachs
- HSBC
- Cognizant
- Capgemini
- Deloitte
Best Countries For MIB Graduates
Below is the list of the top countries where MIB graduates can obtain employment:
- Switzerland
- US
- Canada
- France
- Australia
- United Kingdom
- Italy
- Singapore
- Japan
- Germany
Various Career Designations Abroad For MIB Graduates
There are various career designations available for MIB graduates to work abroad:
- Management Analyst/Consultant
- Sales Manager
- International Trader
- Financial Controller
- Business Development Manager
- Mediator/Arbitrator
- Marketing Executive
- Supply Chain Manager
- External Auditor
- Compliance Officer
Best MIB Graduates
International Business provides a variety of job opportunities. Those who wish to pursue a career in international business have greatly benefited from this MIB course. MIB has become a popular course among business students due to an increase in interest in business management and international trade. MIB graduates have taken international business to new heights, and India is considered a leader in international business services compared to other countries. The following are the top graduates of the MIB program:
- Jeff Bezos
- Elon Musk
- Mukesh Ambani
- Bill Gates
- Mark Zuckerberg
- Warren Buffet
- Larry Page
- Larry Ellison
- Sergery Brin
- Carlos Slim
