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Jagpreet
05 July, 2024
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“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.
An MBA in International Business is the easiest way to attract top recruiters towards you. And when we say top recruiters we mean international companies, tech giants, firms like:
| Amazon | Nestlé | |
| Apple | HSBC | Procter & Gamble |
| Boston Consulting Group | IBM | PwC |
| Coca-Cola | J.P. Morgan | Samsung |
| Deloitte | Johnson & Johnson | Siemens |
| Facebook (Meta) | McKinsey & Company | Unilever |
| Goldman Sachs | Microsoft |
If you want a leadership role such as a program manager, business development manager, supply chain manager, and risk manager? Then, you are at the right place. An MBA in International Business is the gate to multiple advancements including skills, international business, getting the chance to contribute to the country’s economy, and salary.
If you are someone who wants to travel the world and want to bring changes in the international business landscape, then you are welcome to the guide of MBA in International Business.
In this blog, we will cover everything about the MBA Programme in International Business from what, where, to how and salaries. Please wear your seatbelts before we take off for success and opportunities.
According to Subedi, and Khemraj (2022),“International Business (IB) refers to the trade of goods, services, technology, capital and/or knowledge across national borders and at a global or transnational scale. It involves cross-border transactions of goods and services between two or more countries. Transactions of economic resources include capital, skills, and people for the purpose of the international production of physical goods and services such as finance, banking, insurance, and construction. International business is also known as Globalisation”.
Need help with these technical terms? Let us help you with that: International Business (IB) is like a global market where nations exchange goods and commodities(eg. cars, flagship phones) and services (like banking solutions and construction projects). In addition exchange of currency of ideas, technologies, and knowledge also takes place between multiple countries.
This dynamic exchange helps in cultural interactions and promotes constant innovation for each country. It’s like countries coming forward with their best game and showcasing their finest innovations and products on a global stage. Moreover, Globalisation brings the world closer and creates limitless new opportunities for businesses and individuals who want to thrive on a worldwide platform.
Let us explore more about the MBA in International Business, job opportunities, top colleges and why to choose this coursework.
Benefits of an MBA in International Business Here are the objectives and benefits of MBA programme in International Business in a nutshell. However, trust us when we say there’s more than these benefits. The MBA in International Business has more roots in advancement than you know.
Think Globally: An MBA in International Business opens your eyes to understand how business works all around the world. It’s like getting a passport for global opportunities.
Connect Worldwide: You would meet people from everywhere, building a network that spans the globe. Learn how various businesses work across different countries.
Supercharge Your Career: This degree would give you the edge in global business, setting you up for top jobs in big companies that operate internationally.
Ignite Your Entrepreneurial Spirit: You are going to get hands-on with projects that teach you how to start and run businesses worldwide, sparking your creativity and ambition.
Dive into Different Cultures: Experience diverse cultures firsthand, sharpening your problem-solving skills for success in any international business setting.
Now that we have covered the objectives and benefits of MBA in International Business, it is time for you to know if you are the chosen one for this career, or do you have the basic common eligibility required? Let’s find out!
You would need a recognised Bachelor’s degree from a reputable university with a minimum of 50% marks.
If you belong to the reservation category (SC/ST) or PWD then you are required to have at least 45%.
If you are currently in your final year of undergraduate programme you can still apply for an MBA in International Business.
There are no set age limits or restrictions for applying for an MBA in an International Business programme.
Some universities may require you to pass at least one MBA national level entrance exam or university level entrance exam.
Please note that the eligibility could vary based on each college’s requirements. It is always better to check out each college’s eligibility before applying or you can consult experts.
We know that an MBA in IB can sound like it is going to ask for loads of money, however there are many government and private colleges that have it under budget.All you need to do is to set a particular budget based on your savings and earnings aside and then start applying. The MBA in International Business fees can be something you can easily afford if you select the right college based on your budget, preference and credibility.
The fees for an MBA in International Business may vary based on many different factors, including facilities, campus, location, faculty, projects, and resources by the colleges.
It also depends on the mode of delivery (regular, distance, or online). For example, Delhi University (DU) offers the programme at a lower cost, approximately INR 48,000* for the entire two-year coursework. On the other hand, prestigious institutes such as IIFT in Delhi charge around INR 21,77,314* for their full-time program. Amity University, Noida, provides the MBA in International Business with fees structured as INR 3.40 lacs per semester for non-sponsored students and INR 5.10 lacs per semester for sponsored students. Online or distance learning options generally have lower fees compared to campus-based programs, reflecting no to less cost on infrastructure, and campus facilities. The fees are also a reflection of many college’s reputations, accreditations and the quality of resources available. Make sure to pick colleges that are under your budget.
Before beginning your journey as a student in MBA in International Business, you need to know the prominent skills that you will acquire. These skills are required to become the next successful business manager across the global business. One of the best aspects of enrolling in an MBA in an International Business is that it would work and re-work on enhancing the secret skills that the business leading world requires.
Here are the skills you need and would also get trained in:
| Communication | Business research methods |
| Emotional intelligence | Creativity |
| Leadership | Data analysis |
| Cross-cultural communication | Financial literacy |
| Networking | Global macroeconomy |
| Entrepreneurship | Resilience |
| Interpersonal influence | Problem solving |
| Strategic thinking | Adaptive thinking |
| Collaboration | Cultural awareness |
| Presentation abilities | Teamwork |
| Time management |
Here is a closer look at the syllabus of the MBA in IB for each semester. Please note that the syllabus for MBA in International Business could be different for different colleges..
| Semester 1 | Semester 2 |
| Essential IT Tools & Techniques for Global Managers | Export Import Documentation & Logistics |
| Economic Analysis | Business Law & Entrepreneurial Development |
| Organisational Theory & HRM | Business Research Methods |
| Principles of Global Business Management | Growth Prospects of Thrust Areas of Indian Exports |
| Marketing Management- A Global Perspective | Cross Cultural Management & Management of Multinational Cos. |
| Accounting for Managers | International Financial Management |
| Quantitative Applications in Management | Business Communication – II |
| Business Communication – I | Behavioural Science – II |
| Behavioural Science – I | Foreign Language – II (French, German, Spanish, Japanese, Chinese) |
| Foreign Language I (French, German, Spanish, Japanese, Chinese) | Specialisation Courses (Operations, Finance, Marketing, HR) |
| Term Paper |
| Semester 3 | Semester 4 |
| WTO & International Regulatory Environment | Leveraging Information Technology in Global Business |
| International Strategic Management | Global Sourcing & Business Development |
| Risk & Insurance in International Trade | Business Communication – IV |
| Business Communication – III | Behavioural Science – IV |
| Behavioural Science – III | Foreign Language – IV (French, German, Spanish, Japanese, Chinese) |
| Foreign Language – III (French, German, Spanish, Japanese, Chinese) | Dissertation |
| Summer Internship (Evaluation) | Elective Papers |
| Elective Papers for Dual Specialisation | Elective Papers for Dual Specialisation |
| Semester 5 | Semester 6 |
| Elective Papers for Dual Specialisation | Elective Papers for Dual Specialisation |
| Elective Papers for Dual Specialisation | Elective Papers for Dual Specialisation |
| Elective Papers for Dual Specialisation | Elective Papers for Dual Specialisation |
| Elective Papers for Dual Specialisation | Elective Papers for Dual Specialisation |
| Elective Papers for Dual Specialisation | Elective Papers for Dual Specialisation |
| Elective Papers for Dual Specialisation | Elective Papers for Dual Specialisation |
In order to get admission to the top colleges in the country or globally, you are required to pass at least one of the entrance exams mentioned in the list below. Many colleges enrol students based on these MBA entrance exam marks. Here is the entrance exams list:
| CAT | GMAT |
| XAT | CMAT |
| MAT | IIFT |
| MAH CET | TISSNET |
| TANCET | IBSAT |
| ATMA |
| College / University | Total Fees |
| Amity University, Noida | INR 6.80 Lacs |
| Symbiosis Institute of International Business (SIIB) | INR 19.85 Lacs |
| Indian Institute of Foreign Trade (IIFT), Delhi | INR 21.77 Lacs |
| Chandigarh University | INR 11.60 Lacs |
| Jamia Millia Islamia | INR 0.96 Lacs |
| Symbiosis Centre for Distance Learning (SCDL) | INR 1.26 Lacs |
| Bharathiar University, School of Distance Education | INR 8.75 Lacs |
| D.Y. Patil Deemed to be University | INR 1.70 Lacs |
| Sandip University | INR 2.60 Lacs |
| University of Petroleum and Energy Studies (UPES) | INR 1.75 Lacs |
Please note that the fees may vary based on updates, facilities, campus, location, and more. Some of the above colleges offer online/distance modes of delivery. You can choose whatever fits your budget, schedule and lifestyle. No matter which mode you choose, it is guaranteed that you are going to learn a lot more skills, both soft and hard skills that would benefit you in the world of business, trade and financial management.
Also Read: Top Colleges for MBA in International Business
Earning an MBA in International Business can make your career better and take your career towards higher salaries and coveted positions in top global companies. With a deep understanding of global commerce and strategic business management, MBA graduates in International Business can apply for multiple job roles as Business Development Managers, Supply Chain Managers, Finance Managers, Global Project Managers, Audit Managers, Regulatory Affairs Managers, Economists, Risk Managers, Senior Information Security Analysts, and Chief Marketing Officers. These roles not only offer competitive salaries but also provide opportunities to influence international markets, shape corporate strategies, and drive substantial business growth on a global scale.
Source: Indeed
Once you complete an MBA in International Business, you will be able to earn more than what you have imagined. Still thinking: How much? Here is a salary range you can get for different job roles.
As a Business Development Manager, you can earn around INR 60-70 lakhs annually.
Supply Chain Manager, you would earn a salary of approximately INR 70-80 lakhs annually.
Finance Managers earn INR 80-90 lakhs, Global Project Managers earn INR 65-75 lakhs per year who manage cross-country finances seamlessly.
Audit Managers earn INR 85-95 lakhs, ensuring financial integrity through rigorous internal audits.
Regulatory Affairs Managers can earn from INR 80-90 lakhs per annum who navigates complex legal landscapes.
Economists can earn INR 90-100 lakhs, who provide vital economic insights to organisations.
Risk Managers can earn INR 85-95 lakhs per annum, safeguarding businesses from potential crises.
Senior Information Security Analysts may get salary from INR 95-105 lakhs per annum. The main role of these professionals is to protect digital assets.
Chief Marketing Officers earn INR 100-110 lakhs per annum and leads brand strategies for market growth.
*Note- The salaries listed above may vary depending on location, organisation, and level of experience.
Related: Top 5 Career & Job Opportunities after International Business Management Degree
These roles not only promise financial rewards but also offer opportunities to shape global business landscapes, making an MBA in International Business a gateway to dynamic and fulfilling careers.
Becoming a successful leader can be achieved by taking active and consistent action towards your success. The path might initially seem complicated, but it is worth the effort. An MBA in International Business would provide endless opportunities to conquer any career obstacle because it has the right gist of international business norms. The eligibility required is also relatively easy to achieve. The fees for an MBA in International Business programme range on different scales. We recommend you make sure that you pick colleges based on their placement support, credibility, rank, and recognition. MBA in International Business is the right course to enhance your professional and personal skills and discipline.
Additionally, it would give you the opportunity to travel, explore, and learn from other international business and economics. If you are eager to learn every day, travel, and become a leader or contributor to the economy of the country, then this is the right course for you. Take your action to become the next successful story of the decade.
An MBA in International Business covers trade, finance, and cultural dynamics with a focus on worldwide market tactics.
Yes, it provides a variety of chances in international companies with roles across the globe and competitive pay.
It offers countless professional opportunities, such as global positions in marketing, finance, and logistics.
On average, after an MBA in International Business, an individual can earn between INR 4 to 12 LPA.
The choice of whether an MBA or an MBA in International Business is better depends upon your career goals, overall experience, budget, etc.
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.
