MBA in International Business
Find opportunities with an MBA in International Business. Get the benefits, career prospects, and key insights of pursuing an MBA in International Business in this article.
MBA in International Business 2024: MBA in International Business is a two-year postgraduate program designed to provide knowledge about foreign policies, trade, foreign investments, export management, and forex risk management. It equips students with the skills to develop businesses across different countries and expand into foreign markets.
Moreover, the program focuses on handling scenarios that affect international markets and prepares students to deal with them effectively. Companies that operate internationally require a diverse and competitive workforce capable of running businesses globally. Professionals trained in international business are essential for companies aiming to establish and expand their business in foreign countries. markets and prepare students to deal with them effectively.
In India, the demand for such professionals has led to the popularity of an MBA in International Business. In this article, we will explore the world of an MBA in International Business, its benefits, career opportunities, and more.
MBA in International Business Overview
MBA in International Business is a postgraduate management degree that equips students with a comprehensive understanding of various facets of the global business landscape. This program empowers aspiring managers with essential knowledge, exposure, and training, enabling them to thrive in the dynamic realm of global commerce.
Moreover, by offering a well-rounded curriculum, the MBA in International Business prepares students to make meaningful contributions to the global economy while presenting them with an array of exciting career opportunities.
To delve deeper into the specifics of this program, please refer to the comprehensive table provided below.
MBA International Business Types
The growing demand for MBA in International Business (MBA IB) programs has resulted in the development of various types of courses catering to different types of students. Working professionals can opt for Executive MBA IB, Distance MBA IB, or Online MBA IB programs based on their preferences and requirements.
Full-Time MBA in IB
Candidates must possess a bachelor's degree.
A minimum aggregate requirement in graduation varies from college to college, typically ranging from 50% to 70% or higher.
A relaxation of 5% is given to candidates from the SC/ST/PwD category.
Admissions can be obtained through national-level tests or university entrance exams.
Accepted exams for MBA in International Business include CAT, XAT, GMAT, SNAP, NMAT, CMAT, and others.
The fees for the program range from INR 2 lakh to 30 lahks per annum.
Please note that these points provide a general overview, and specific eligibility criteria and admission processes may vary for different colleges and universities.
Part-Time(Executive MBA in IB)
The Executive MBA in International Business is a two-year program designed for students who want to work full-time while pursuing their degree.
To be eligible for the course, candidates must have a bachelor's degree from a recognized college with a minimum grade of 50%.
Admission to the Executive MBA program typically involves an entrance exam such as CAT, XAT, or GMAT, followed by a group discussion and personal interviews.
The Executive MBA in International Business course fee ranges from INR 8,000 to INR 1.3 lakhs for two years.
Prominent recruiters for this program include Citi Bank, HDFC Bank, ICICI Bank, Amazon, Google, HSBC, IBM, and others.
Please note that these points provide a general overview, and specific details and criteria may vary depending on the institution offering the Executive MBA in International Business program.
One Year MBA in IB
The Executive MBA in International Business program is specifically designed for working professionals.
Applicants must have valid GMAT or GRE scores and substantial work experience.
A minimum aggregate of 50% in graduation from a recognized college or university is typically required.
Usually, a minimum of 5 years of work experience is expected for admission.
The program's fee is relatively high and is well-regarded internationally.
While some colleges in India offer this program, the fees charged by these institutions can be quite high.
The fee for the program typically ranges from INR 20 Lakhs.
Please note that these points provide a general overview, and specific details and criteria may vary depending on the institution offering the Executive MBA in International Business program.
MBA IB Online
The online MBA in International Business is a two-year program designed for students pursuing their studies through an online medium.
The eligibility criteria for this program are identical to those of a full-time regular MBA course in International Business. However, the fees for the online program may vary among colleges, but they are generally lower than the regular course.
MBA in International Business Entrance Exams 2023
Admission to the MBA in International Business program is based on either direct entry or entrance exams. Reputed colleges follow a merit-based admission process and set cutoff scores for the entrance exams. The availability of seats, which may vary by college, is the sole determinant for admissions.
Moreover, candidates with excellent communication skills, business acumen, and a keen interest in the economies of diverse countries are well-suited for this course. The MBA in International Business will equip them with the necessary training, knowledge, and skills to handle managerial tasks and make decisions related to import-export, global trade, and business policies.
Below are some of the most popular MBA entrance exams for admission to the MBA in International Business program:
MBA in International Business Syllabus
The MBA in International Business course follows a similar structure to other MBA programs. It encompasses the same curriculum as other MBA programs, covering key management topics. The course is typically divided into four semesters, with the first year focusing on core subjects and the second year offering specialized courses and electives.
Below is a semester-by-semester syllabus for the MBA in International Business course in India, highlighting some of the subjects related to international business:
Top Colleges for MBA in International Business
The MBA in International Business program follows a curriculum similar to other MBA programs. The program's scope is defined by the employment opportunities and remuneration packages that graduates in this field can expect.
While the degree encompasses various aspects of global business management, it also allows students to travel and work abroad. With the increasing globalization of local businesses, there is a growing demand for professionals with expertise in international business. Graduates of this program can settle and pursue career opportunities anywhere in the world.
Top Private Colleges for MBA in International Business
Here are some popular private colleges for MBA in International Business:
Top Government Colleges for MBA in International Business
Below are some top government institutes for MBA in International Business. You can have a look at the table below for more information.
MBA IB Jobs and Placements
According to Payscale, the average salary of professionals with an MBA in International Business is around INR 7.91 LPA (Indian Rupees 7.91 Lakhs Per Annum). However, fresh graduates from reputed business schools can command a salary package of up to INR 12 LPA (Indian Rupees 12 Lakhs Per Annum).
Candidates pursuing an MBA in International Business are expected to possess a specific skill set. These skills include a strong understanding of international business, knowledge of economies of different countries, awareness of modern trends in business, leadership abilities, and effective business management. Additionally, candidates should demonstrate a keen interest in the field of business, possess excellent communication skills, have knowledge of foreign languages, possess persuasive abilities, and exhibit confidence in their professional interactions.
Top Recruiters
The top recruiters for MBA in International Business are as follows:
FAQs for MBA in international business
Q1: Does an MBA in International Business offer good career opportunities?
Ans: An MBA in International Business provides many career opportunities in the global market, particularly in areas related to international trade.
Q2: How is an MBA different from an MBA in International Business?
Ans: When it comes to eligibility and admission exams, there is no difference. An MBA focuses on internal management, while an MBA in International Business teaches national and international management.
Q3: Which country is the best for pursuing an MBA in International Business?
Ans: The United States is considered the best country for pursuing an MBA in International Business. However, other countries like the United Kingdom, Australia, France, and Germany also offer excellent programs.
Q4: What are the eligibility criteria for an MBA in International Business?
Ans: To be eligible for an MBA in International Business, you need to have a bachelor's degree or its equivalent from a recognized university. Most institutes require a minimum score of 50% in graduation (45% for reserved categories).
Q5: Can I pursue an MBA in International Business on a part-time basis?
Ans: Yes, you can. Part-time MBA programs are suitable for students who want to work full-time while pursuing their degree. Some executive MBA programs may also require group discussions and individual interviews after the entrance exams like CAT, XAT, or GMAT.
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