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MBA in International Business: Shape Your Global Career

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Jagpreet

14 December, 2023

MBA in International Business: Shape Your Global Career

“If Vancouver did not succeed as Starbucks from ‘87 on, our entire international business, which is now thousands of stores and a significant amount of growth and profit, may not have existed.”- Howard Schultz

After graduation, every student faces the dilemma as to which degree will be the best option going ahead in terms of a good career. In the present times, education has reached peak levels, and most people across the globe have access to it. More people means more education which ultimately diversifies the fields of learning for the students.

One such field of education is MBA (Masters of Business Administration) for which preference as a post-degree has only increased with time. The degree first started at Harvard University in the 1940s. And today there are institutions all over the world that offer class education in the business administration field. India presently has one of the best world-class institutions that provide MBAs to learners and even professionals in both offline/online modes.

Master of Business Administration is a highly pursued degree because of the career benefits it offers to the aspirants. Even professionals working full-time pursue an MBA on the side because of the value the degree adds to the already existing working experience. The degree offers multiple specialisations so it is versatile in its nature of teaching and an aspirant can choose the one specialisation that aligns with the field they would like to pursue professionally.

MBA in International Business

One of the specialisations offered in an MBA programme (regular/online) is international business. It is one of the most preferred MBA specialisations as it offers lucrative career opportunities and familiarises individuals with the global industrial landscape.

International Business as a specialisation in MBA will mean that you will get to learn about the functioning of a business across borders. You will learn from the basics to the complexities of a business and how its management differs from one place to another. As an MBA in International Business aspirant, you will get to know about the laws, compliances, and regulations that function when business takes place internationally.

Course Name Online MBA
Specialisation International Business Management
Course Type Master’s Programme
Eligibility Graduate in any field with a minimum of 50% marks in aggregate from a recognised university (marks requirement may vary)
Duration 2 Years
Age No age limitation
Professional Opportunities – Shipping Sector
– Finance Sector
– Business Management Sector
– Aviation Sector
– Import/Export Sector
– Human Resource

How International Business is Your Key to the Global Door to Success

Specialising in International Business will mean that before you work as a professional in the field, you will learn about the roles, heads, technology, knowledge, capital, shares, the exchange of services and goods, and everything related to business conduct in the world. You will not only learn about how our business functions in a particular region, but also how the functioning of different businesses impacts one another.

International Business, as a specialisation, is tedious at times but it is also highly rewarding in terms of career benefits. It helps you to develop a deep understanding of how the global trade market works. Furthermore, it also provides opportunities to work on real-time projects that familiarise you with how to run a business beyond borders. Here, we have listed some top roles that you can assume after the degree:

  • Finance Manager
  • Auditor
  • Business Consultant
  • Investment Specialist
  • Global Business Manager
  • Project Manager
  • Regulatory Affairs Manager

Who Can Go for an MBA in International Business?

International Business is an evergreen field which prepares you to assume leadership roles in today’s global business landscape. If you are someone who is looking to enter this versatile field or are planning to venture into the entrepreneurial world, then this course is ideal for you. Furthermore, if you wish to move up the corporate ladder or are looking to expand your business overseas, then also you must take this course into consideration as it will introduce you to the various know-how’s of the global industrial domain.

MBA in International Business Curriculum

Semester 1 Semester 2
General Management Marketing Management
Legal Framework of Business International Business Environment
Accounting for Managers International Trade and Policy Framework
Economics for Managers Operation Research for Business Decision
Entrepreneurship and New Venture Planning Corporate Finance
Corporate Governance and Social Responsibility of Business International Financial System
Business Statistics and Research Methodology Internet Security and Cyber Laws

 

Semester 3 Semester 4
International Supply Chain Management & Logistics International Human Resource Management
Foreign Language for Business – 1 Foreign Language for Business – 2
Training Report Project Report

Professional Roles after MBA in International Business

1. Finance Manager

As a Finance Manager in an organisation or a group of companies, your role will be to head all related financial decisions. You will be the prime body for taking/withdrawing/implementing/advising any financial decisions for the company. You will also be involved in allocating financial resources, budgeting, planning, reviewing the old financial statements, holding financial meetings, etc.

  • Average Pay Scale of a Financial Manager: INR 15-45 LPA

2. Auditor

As an Auditor, you can work either internally within the organisation or externally with the client. You will keep an eye on financial decisions being taken, and the current financial trends. You need to ensure that the organisation always walks towards maximising the monetary potential of overall operations.

As an Auditor, you will work in close association with the Financial Manager to make the best financial decisions, the Legal Department to work on the compliances, and the Financial Advisor to assess risk potential areas and ways of improvement. You can also implement different design systems, conduct audits, etc. to bring about any needed changes in the firms.

  • Average Pay Scale of an Auditor: INR 12-40 LPA

3. Business Consultant

As a Business Consultant, your expertise will lie in giving the best advice for the clients and the organisation within. You can use your consultancy expertise and at times, work with other managers of the company to help with such a portfolio that brings in the best rates and values for the equities of the clients/firms. You will constantly be in touch with whoever is seeking your advice, to make sure every process/decision is being taken in favour of their monetary gains.

You will assess every previous record/investment/latest trend that you believe will help give better advice and build better portfolios. You will have to expand your knowledge and note down each detail that is to impact your client or your workplace within international frontiers.

  • Average Pay Scale of Business Consultant: INR 9-24 LPA

4. Investment Specialist

Investment Specialists play a vital role when it comes to maximising the profits of a company/clients. They keep an eye on the market and identify the right time when the particular investment will make the best profits.

They analyse the portfolios of the clients and monetary resources of a company and advise them to manage their assets and liabilities in a way that their investments give them the highest returns at the right time. They are like the intermediators between the market and the investors who offer the best advice according to their expertise and knowledge to raise the value of the investments and when to buy/sell the equities with the highest returns.

They will carefully assess the portfolio/previous investments/value of equities and then present the best opportunities for monetary gains according to the ongoing market values.

  • Average Pay Scale of an Investment Specialist: INR 8-22 LPA

5. Global Business Manager

A Global Business Manager is one of the most reputed jobs in the Finance sector. It is also one of the most responsible areas of work in the Finance sector since a Global Business Manager is usually in charge of different forms of an organisation globally.

He usually heads all different working departments, takes regular reports from them, meets with the department heads, assesses the progress made or issues faced, and makes decisions depending on the situation. However the market is functioning, he/she makes sure that the company blooms in full growth.

  • Average Pay Scale of a Global Business Manager: INR 12-33 LPA

6. Global Project Manager

If your company works in a global setup, has connections to different companies and handles business with different firms across borders, there will be multiple projects that you will be handling at the same time. As a Global Project Manager, you will be heading different projects and would work towards creating the best output in terms of both profits and efficiency, for the organisation.

You will have to make sure that every little task assigned to a project is being delivered in a timely manner and that different tasks for different projects are finished by the team members. You will occasionally have to hold team meetings to assess any issues being faced, to know team members’ points of view, to make some in-the-moment decisions, and to manage different projects altogether but with accuracy and precision.

  • Average Pay Scale of a Global Project Manager: INR 9-19 LPA

7. Regulatory Affairs Manager

Regulatory Affairs Managers work for the regulation of a business in terms of different standards, to follow different laws applicable, different compliances affecting the business, etc. You will regulate the internal law affairs according to the set standards. You will work closely at times with the Legal Department, especially to make sure that the company is aware if they are breaking any protocols or if any fee/punishment has been levied due to breaking any sort of regulations. However, your role will also be to manage the regulations for a business for departments within as well. Better regulations would mean better functioning.

  • Average Pay Scale of a  Regulatory Affairs Manager: INR 8-20 LPA

Related: Top 5 Career & Job Opportunities after International Business Management Degree

How to Choose the Right College?

If you want to make the most out of your MBA programme, then it is very important that you carefully scrutinise your choice of college. Some of the factors that you must take into consideration are:

  • Your Career Goals
  • Your Budget
  • Accreditations & Rankings of the College
  • Curriculum & Industry-Integration
  • Networking Opportunities
  • Placement Assistance

Best Regular/ Online Universities for MBA in International Business

Following are some of the best-ranked universities for an MBA in International Business

Top Regular Universities Total Fee for the Programme
Jamia Millia Islamia INR 48,000
IIFT Delhi INR 21,77,000
Symbiosis International University INR 10,95,500
Chandigarh University INR 5,56,000
Amity University, Noida INR 13,50,000

 

Top Online Universities Fee for the Programme
D.Y. Patil Deemed To Be University INR 1,70,000
UPES INR 1,50,000
Amity University INR 1,79,000
Uttaranchal University INR 68,000
Chandigarh University INR 1,50,000

Related: Top 10 Online MBA Degree Colleges in India- UPDATED!

Eligibility

To be eligible for the programme, a student needs to fulfil the following requirements:

  • A graduate with at least a score of 50% marks from a recognised university.
  • The applicant needs to have cleared the Indian management entrance exams such as CAT/XAT/CMAT/GMAT/GRE or the entrance exam held by the university.

Admission Process

If a student has qualified the entrance exams and is eligible for admission into the MBA course, he/she needs to:

  • Fill out the admission form
  • Fill in all details and complete all the formalities
  • Submit your photograph, ID proof, and all other documents for verification
  • Pay the fees of the programme

Entrance Exams for MBA in International Business

Exam Name  Exam Date 
CAT 2023 26th November 2023
CMAT 2024 To be declared
XAT 2024 7th January 2024
MAT 2023 MAT PBT: 3 September 2023
MAT CBT: 17 September 2023
NMAT by GMAC 2023 To be declared
SNAP 2023 10 December 2023 – 22 December 2023

Programme Fee for MBA in International Business

The fee for MBA in International Business can range from INR 50,000 to INR 30,00,000 depending upon numerous factors such as location, mode, college, etc.

Modes of Learning

You can choose to pursue the course in the following modes:

  • Full-Time MBA: As the name suggests, in a Full-Time MBA, you will need to attend classes by physically visiting the campus on a regular basis.

  • Part-Time MBA: In the part-time mode you will have to attend classes either in the evening or on the weekends. This mode provides you with some flexibility to look after your other commitments alongside studies.

  • Distance MBA: Herein, you don’t need to visit the campus or attend any classes. You can study at your pace, from anywhere, anytime.

  • Online MBA: Similar to a Distance MBA, an Online MBA does not require you to visit campus but you can attend the classes virtually. Thus, you get the best of both worlds. 

Conclusion

In conclusion, pursuing an MBA in International Business can open the door to a world of opportunities and lucrative career paths. The diverse range of professional roles, including Finance Manager, Auditor, Business Consultant, Investment Specialist, Global Business Manager, Global Project Manager, and Regulatory Affairs Manager, highlights the versatility and demand for experts in international business. In essence, an MBA in International Business serves as a key to the global door of success, offering a well-rounded education that prepares individuals for the dynamic challenges and opportunities in the ever-evolving world of international business.

FAQs

Q1. What is an MBA in international business?

An MBA in International Business is a management degree which focuses on the various core principles of the international business landscape. It prepares you to manage various business operations in today’s interconnected world.

Q2. Is an MBA in International Business worth it?

An MBA in International Business helps you land various high-paying job opportunities such as Trade Specialist, Auditor, Finance Manager, Business Development Manager, etc.

Q3. What is the salary of MBA in International Business?

On average, after an MBA in International Business, an individual can earn between INR 4 to 12 LPA.

Q4. Which is better MBA or MBA International Business?

The choice of whether an MBA or an MBA in International Business is better depends upon your career goals, overall experience, budget, etc.

Q5. What Career Paths Are Available After Completing an MBA in International Business?

After the course, you can seek employment across various sectors such as the Shipping Sector, Finance Sector, Business Management Sector, Aviation Sector, Import/Export Sector, Human Resources, etc.


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