MBA in International Business

MBA in International Business is a two-year postgraduate programme best suited for individuals who want to launch or accelerate a career in International Business. An MBA in International Business course provides a deeper insight into the global challenges faced by companies, foreign markets, global economics, and cross-border relationships.

MBA in International Business subjects includes subjects like Business Research Methods, Business Economics, Corporate Ethics and Governance, Entrepreneurship, etc. Admission into MBA in International Business course in most colleges is offered based on a candidate’s score in entrance exams like CAT, CMAT, IIFT, XAT, etc. However, some colleges also offer direct admission based on a candidate's academic qualifications. Some of the top colleges to pursue an MBA in International Business include IIM Kolkata, IIM Lucknow, SIIB Pune, PIMR Indore, and BIMTECH Greater Noida.

The MBA in International Business course can cost anywhere between INR 10,00,000 and INR 25,00,000 in total. After completing the MBA in International Business, graduates can find various career opportunities including Risk Manager, Product Manager, Brand Manager, Global Business Manager, Investment Banker, etc. The average MBA in International Business salary can be between INR 7.4 Lakh to 9 Lakh per annum. Get the complete details about MBA in International Business course below.

The table below demonstrates the most significant highlights of the MBA in International Business program.

Listed below are some of the reasons why an individual must study MBA in International Business:

Career Acceleration

Individuals may pursue an MBA in International Business course after gaining a minimum of 2-5 years of professional experience. It is ideal for students seeking to accelerate a career in International Business and those who wish to position themselves as business professionals in a global scenario.

High Salary

Professionals may expect a salary boost after obtaining an MBA in International Business degree. An international marketing manager can expect to earn USD 95k a year, while an international finance manager can make around USD 97k per year.

Development of Soft Skills

A professional MBA in International Business course helps enhance one's career prospects by focusing on the development of soft skills like communication skills, networking, management and leadership skills, and so on.

Global Acceptance

Recognized and renowned across the globe, MBA in International Business shall not only help in building networks but also gain insights into global marketing and business behaviors.

Wide Range of Job Opportunities

MBA in IB offers a great number of opportunities, from international business developers to import or export consultants. Graduates get several options at the regional, national, and international levels.

The MBA in International Business course is targeted towards a very specific group of management aspirants. A typical MBA course helps students learn more about business administration in general without putting much emphasis on the type of business whatsoever. That being said, an MBA in International Business is solely based on teaching students the ins and outs of organizations that are engaged in business across different countries. Therefore, anyone interested in learning the differences between global business and international business may enroll in MBA in International Business.

There are several advantages to selecting an MBA in International Business course. The course is very modern and up-to-date in terms of both its length and its teaching style. Since most major organizations and companies are engaged in businesses that have their roots in multiple nations, an MBA with a specialization in International Business is quite a sought-after qualification in the current job market. Also, such a course can be pursued in online mode for working professionals who wish to upskill themselves but cannot invest the time required for a full-time MBA degree.

The ability to manage a business that operates on a global scale should be something that candidates are interested in learning if they wish to pursue such a course. One of the primary requirements for candidates of an MBA in International Business is a zeal to work towards enhancing the quality of business and administration of multinational organizations. Good interpersonal skills are also a mandatory requirement for such courses since aspirants will have to converse with different groups of people and stakeholders engaged with their organization on a daily basis. MBA in International Business course is designed for those who are already knowledgeable in the theories and concepts of the corporate world and individuals who want to deal with situations on a global scale.

Different types and modes of MBA in International Business courses are available that are directed to specific sections of students or working professionals. The various types of MBA in International Business courses have been tabulated below:

The MBA in International Business course syllabus for all four semesters has been tabulated below:

The curriculum for an MBA in International Business course can be segregated into core, specialized, and elective courses:

Candidates must meet the following eligibility requirements in order to pursue an MBA in International Business course:

• Bachelor’s degree of minimum 3 years duration in any discipline from a recognized university with minimum aggregate marks of 60%. 
• Reserved category candidates (SC/STs) can avail themselves of a relaxation of 5%. 
• Preferred bachelor’s degree programs are BBA, B Tech., and B Com.
• Candidates should also qualify for any nationalized entrance examination such as CAT/MAT/GMAT/XAT/CMAT, etc. 
• A minimum of 2 years of full-time experience is required.
• Those qualifying for the national-level entrance exams will be called for a group discussion and personal interview (GD+PI).
• Students would also have to furnish IELTS/TOEFL/PTE scores to apply for an MBA in International Business course abroad.

Here are the top entrance exams one can take to get admission into MBA in International Business courses in India.

Admission to MBA in International Business can be done in two ways: direct admission and securing valid scores in CAT, XAT, MAT, or other national-level MBA exams.

Admission into MBA in International Business Through Entrance Exams

• A Computer Based Test (CAT/MAT/XAT/GMAT/SNAP/IIFT) is organized in various cities across the country.
• Shortlisted candidates will be called for a Writing Skills Assessment, Group Discussion/Extempore and Interview.
• Admissions of foreign nationals/NRIs are conducted on the basis of GMAT scores and Personal Interview.

Direct Admission into MBA in International Business

• Students should score at least 50% in their graduation from any discipline.
• Individuals having some work experience between 2-5 years will be preferred.
• Students can also take admission from the management quota or Institute level quota seats based on their academic background.

The most renowned colleges in India offering MBA in International Business and the entrance exams accepted by them have been tabulated below:

MBA in International Business course fees ranges from INR 40,000 to INR 27,00,000 in India. The most renowned colleges in India offering MBA in International Business along with their course fees have been tabulated below:

The courses offered by IIMs and other institutes as a part of the MBA in International Business curriculum have been tabulated below:

Considering globalization in today's world, businesses are no longer restricted to a particular city, and there are immense opportunities for expansion in different corners of the world. The businesses have become interdependent which has opened a lot of prospects to interact on global platforms. This has led to a rise in the jobs for MBA in International Business graduates who can work efficiently in managerial positions and contribute to the success of their companies.

Since every organization is looking to expand and diversify internationally, it has become essential for them to hire qualified managers with MBA in International Business degrees who can prove to be assets for the global economy. More and more jobs are opening for MBA in Internation Business graduates, such as International Business Consultant, Export  Manager, International Marketing Manager, Global Business Manager, Project Manager, International Finance Manager, Investment Banker, etc.

It has been estimated that the growth in the international business sector in India is more than 7% annually. An MBA in International Business helps in recognizing the functioning of businesses, identifying potential business opportunities, the evolution of business enterprises, and exploring entrepreneurial opportunities. MBA in International Business graduates can seek employment in both private and government sectors. 

An MBA in International Business enables an individual to join the international market department of the companies, international placement offices, import and export departments of companies, global shipping companies, global tourism sector, international consultancy firms, and international logistics & courier companies.

With an MBA in International Business degree, an individual can choose any of the following career roles.

According to Payscale, the average annual compensation for holders of an MBA in International Business is INR 7.91 LPA. However, for graduates from eminent B-Schools, the salary package can rise up to INR 12 LPA. The job profiles and salary packages for MBA in International Business graduates have been tabulated below.

MBA in International Business graduates are hired by some of the top companies around the globe. Mentioned below are the top recruiters hiring MBA in international Business graduates in India.

An international MBA IB degree is a sought after credential by many individuals for the following reasons:

• The average annual compensation for individuals graduating with MBA in International Business from distinguished foreign institutions is significantly higher than those graduating from Indian universities. 
• An international MBA IB degree provides a detailed understanding of how business is conducted in different countries and cultures. It also enables the candidates to examine how markets and business management practices have been impacted by the increased connectedness of the world.
• An individual pursuing an MBA in International Business abroad can build an international network of professionals. 
• An international MBA IB degree helps to impress recruiters by proving the candidate’s ability to take on challenges and handle change. Hence, it increases one’s employability.

In order to get selected for pursuing an MBA in International Business course abroad, it is mandatory for the candidates to score 50-55% or above in graduation degree, and get a good GMAT or GRE score and English language proficiency tests like IELTS and TOEFL. Also, students must have a work experience of at least two years. Besides, students have to submit their academic resume, MBA essays ad statement of purpose to be eligible for admission.

Apart from Business Knowledge, Strategic thinking, Planning Skills, etc., candidates aspiring to pursue MBA in International Business course must be equipped with the following important skills:

• Communication Skills: An individual must possess excellent verbal and written communication skills and the ability to convince others. Being proficient in the language spoken by potential employers, partners, suppliers, and customers serves as an advantage. 
• Leadership Skills: Candidates must be equipped with strong leadership skills. Individuals with great leadership skills empower teams to achieve their full potential, make decisions, and strategize well to help organizations thrive. 
• Emotional Intelligence: Self-awareness, that is, understanding one’s strengths, weaknesses, emotions, beliefs, motivations, etc., and understanding others’ personal experiences and emotions is crucial.
• Analytical Skills: For managerial roles, candidates need to develop the skills of analyzing certain situations and enhancing their problem-solving skills. It also includes the ability to apply proper logical thinking that can break any complex problem into simpler parts and then provide solutions for them.

A few more crucial skills required to become a successful MBA in International Business professional are also listed below:

• Mathematical Proficiency
• Critical Thinking Abilities
• Excellent networking abilities
• Collaboration
• Interpersonal Skills
• Adaptive Thinking

The differences between MBA in International Business and Master of International Business Programs have been tabulated below: