MBA IN INTERNATIONAL BUSINESS:
A professional attitude and sensitivity to the global business environment are required given the development in worldwide marketing on the one hand and the subsequent influence of the same on India's home market on the other. The MBA in International Business serves as a fundamental course for creating a skilled cadre of business executives to fulfil the nation's expanding demand for professionals trained in international management. A general management curriculum with a concentration on international commerce, the MBA (IB) is six trimesters long. The curriculum seeks to provide thorough coverage by encompassing all significant fields and disciplines pertinent to transnational business operations. The MBA (IB) curriculum compares favourably to the curricula of some of the top international business schools in the world.
Future managers and leaders must have strong global market knowledge in addition to a comprehensive set of management abilities to stay up with the rapidly changing environment in which we live. The skills required to comprehend international business across all key functional areas are the main emphasis of this MBA programme in international business. You will learn how to create new global business prospects, assess world markets, run businesses successfully, and lead different teams, among other things.
An MBA in International Business is a postgraduate programme that gives students the skills and expertise they need to understand the fundamentals of international business. One of the most popular specialisations in management education is the MBA in International Business. The fact that applicants with this degree are favoured by multinational corporations is another element that has led to the popularity of the MBA in IB.
CAREER SCOPE OF MBA IN INTERNATIONAL BUSINESS:
We are all aware of the fact that there is a growing need for and demand for people with MBAs in today's market. So, the range of an MBA in international business is highly broad and challenging. You can work for many different companies or organisations after earning this degree. The MBA programme is ideal for managing your business. The number of employment in this industry is likewise limitless.
Global employment options with an MBA in international business are made possible. This area is attractive due to the expansion of international commercial contacts. In-depth training in international financial standards, international customs legislation, export and import regulations, global market competitiveness, etc. is provided to MBA graduates in this industry.
After an MBA in international business, key career profiles include:
- Marketing Analyst
- Administrative Service Manager
- International Business Development Manager
- Government Affairs Director
- Export Manager
- International Finance Manager
- Export Coordinator
International marketing, foreign exchange management, international finance, international logistics, and international finance are a few more career paths that applicants can choose from. Due to the excellent compensation package given, consultant roles in multinational organisations are extremely sought-after. A career in international business may take applicants to many locations, giving them the opportunity to travel, interact with people from various cultures, get used to a new way of life, and concurrently develop a very fulfilling job.
Studying the International Business concentration may result in a superb career trajectory, despite being highly sought after and only being offered in a small number of institutions.
GOVERNMENT JOBS AFTER MBA IN INTERNATIONAL BUSINESS:
There are several government positions that are open to applicants with an MBA in international business backgrounds. For MBA holders, there are several competitive tests where they may get employment in industries such as railroads, civil service, telecom, and many more. Also, one may discover government employment with competitive pay packages in the financial, aviation, travel and tourism, import and export industries, etc.
Government positions available to MBA in International Business applicants include:
- Financial sector
- Export and Import
- Travel and Tourism
- Aviation Sector
- Shipping Sector
There are several public sector businesses, including SAIL, GAIL, NTPC etc. After earning their MBA, those who are interested in academic fields might apply for lectureship positions in colleges and universities.
The applicants can also submit applications for the numerous UPSC and SSC tests that are held for various posts in the following industry, including:-
- Railways
- Telecom
- Civil Services and other departments
MBA IN INTERNATIONAL BUSINESS SUBJECTS:
An international business degree, available at both the undergraduate and graduate levels, combines theoretical ideas with practical abilities necessary for developing a successful career in firms that operate on an international scale. These are some of the topics that these courses frequently cover:
- Economic Environment
- Accounting
- Micro Economics
- Fundamentals of Marketing
- Principles of Marketing
- Behavioural Science
- International Institutions and Trade Implications
- International Economics
- Strategy in Emerging Markets
- Legal Aspects of Business
- Macro Economics
- Indian, Global Trade and WTO
- Management Accounting
- Business Mathematics
- Entrepreneurship
- Human Resource Management
- Business Statistics
- Fundamentals of International Management
- Leadership Development
- International Trade Logistics
- International Marketing Management
- Financial Management
- Business Research Methods
- Business Economics
- Corporate Ethics and Governance
- Students must learn foreign languages including French, Japanese, German, Spanish, Chinese, and German in addition to these fundamental disciplines.
TOP UNIVERSITIES FOR THE COURSE:
COVENTRY UNIVERSITY: In Coventry, United Kingdom, Coventry University is the institution of higher learning that is expanding the quickest. For its outstanding teaching, the university receives a five-star rating from QS Global University Ranking. The remarkable global rating of Coventry University places it among the top 100 universities in the United Kingdom. The greatest city for foreign students to study in, according to QS Best Students Cities 2023, is Coventry, which was rated in the top 50 cities worldwide and among the top 5 cities in the UK.
UNIVERSITY OF ALBERTA: One of Canada's oldest universities is the University of Alberta. Alexander Cameron Rutherford and Henry Marshall Tory founded the university in 1908. It is situated in Edmonton, one of the world's most northern significant cities. With an international reputation for distinction in teaching and research throughout the humanities, sciences, creative arts, business, engineering, and health sciences, the University of Alberta is one of the top five Canadian institutions and ranks among the top 150 worldwide.
IESEG SCHOOL OF MANAGEMENT: One of the best business schools in France is IÉSEG School of Management, which is placed 34th overall and 8th in France in the Financial Times Masters in Management 2022 rating. By the terms of the state contract, the establishment is a nonprofit school. IÉSEG is a component of some of the most esteemed colleges and universities in the nation. The top 1% business school in the world is also given the international accreditations EQUIS, AACSB, and AMBA. The institution offers the Grad de Master degree with the RNCP accreditation and is accredited by the French Ministry of Higher Education, Research and Innovation. It is a member of the exclusive organisation known as Conference des Grandes Ecoles. The faculty of IÉSEG is 81% foreign-born, and the school maintains a network of more than 323 partner colleges spread over 76 nations. IÉSEG works closely with the French National Institute for Scientific Research, the largest fundamental research institute in Europe (CNRS).
UNIVERSITY OF GREENWICH: In London and Kent, the United Kingdom, there is a public institution called the University of Greenwich. It is renowned for its outstanding teaching, and the staff includes several National Teaching Fellows, a designation that honours exemplary teaching, as well as the Times Higher Education Most Innovative Teacher Award recipient. The 'Godfather of Broadband,' Professor Charles Kao, who is an alumnus of the University of Greenwich, is the university's most notable past student achiever and a recipient of the Nobel Prize. In addition to these accolades, The Guardian 2023 reports that the university's Tourism, Hospitality, and Events Management degrees are ranked first overall in London.
YORK UNIVERSITY: One of Canada's leading public research institutions, York University is situated in Toronto, the country's biggest metropolis. According to SciVal 2020–21, York University is rated first in Ontario for international collaborative research publications. In addition, the university's research output was rated as "extremely high" in the QS Global University Rankings 2021. Moreover, York University reported a 90% employer satisfaction score based on a poll of GTA firms who recruited the graduates in 2022. In the Times Higher Education Impact Rankings for 2022, York University is listed among the top 35 institutions of higher learning.
ELIGIBILITY CRITERIA:
Students who meet the following requirements may pursue an MBA in International Business at the postgraduate level:
- Students must have completed a Bachelor's degree programme of at least three years in length in any subject (BA, B.Com, B.Sc, BBA, BCA, B.Tech, etc.), with a qualifying exam score of at least 50%.
- Students who pass the entrance exam must then participate in a group discussion and/or a personal interview, depending on the university's admissions policy.
REQUIRED SKILLS FOR MBA IN INTERNATIONAL BUSINESS:
In order to succeed in the sphere of international business, one must spend a lot of time connecting with foreign clients, offering business solutions, and moving overseas. A profession this demanding requires a certain level of aptitude in abilities connected to international business. They include, among others:
- Cross-Cultural Communication: Working with coworkers from different backgrounds in a varied company makes cross-cultural communication a necessary ability. This calls for a great deal of deference, tact, and sensibility. When it comes to communication, one must always make an effort to comprehend, learn, and embrace cultural differences.
- Ability to Collaborate: Collaboration skills are essential for success in any organisation, worldwide or domestic. This is especially true when dealing with coworkers from different cultural backgrounds. Allowing others to take the lead, confidence in confronting difficulties, sharing credit for achievements, and striking a balance between respectfully stating your position and respecting others' viewpoints are all examples of collaboration abilities.
- Exceptional Networking Skills: To succeed in international business, one needs to be able to create a strong network of contacts abroad. Several unforeseen chances may arise abroad with solid networking abilities. Although building a network outside of one's native country is now more simple thanks to internet social platforms, it is still crucial to have the capacity to network in person.
- Adaptive Thinking: The dynamic nature of the international business world necessitates rapid thinking and adaptability. Individuals with the ability to modify their ideas can prosper in these dynamic situations. Research suggests that self-control, curiosity, and humility are the building blocks of adaptive thinking.
- High emotional intelligence: HR professionals often want to assess applicants based on EQ rather than the more conventional IQ. Due to the fact that it affects many facets of business contact, emotional intelligence is a crucial ability in international commerce. High emotional intelligence refers to self-awareness and control over one's emotions.
- Interpersonal Influence: Whether it's to get funds for a new project, persuade an investor, or persuade a consumer to buy your goods, the ability to influence people is essential to commercial success. The most effective company executives cultivate positive working connections and increase respect to increase their impact. Collaboration, communication, and networking may all help you hone this talent.
JOB PROFILES AFTER MBA IN INTERNATIONAL BUSINESS:
Candidates have a wide range of work profile alternatives after earning a degree in international business. Each profile has a unique set of duties, a separate path for a career, and a varied starting pay. Typical job profiles that are provided to applicants include:
| JOB PROFILE | RESPONSIBILITIES |
| Export Manager | overseeing the shipment of products and handling financial transactions. |
| International Brand Manager | managing, creating, and putting into practise product marketing to maximise sales on the global market. |
| International Finance Manager | managing grants, creating budgets, running the books, and financial forecasts are all coordinated with financial management. |
| International Logistics Manager | coordinating with foreign suppliers to control import operations and maintain service standards. |
| Global Business Manager | creating and implementing cutting-edge marketing strategies, controlling costs and creating budgets, and creating market strategies for a rise in sales and high profits. |
SCOPE AND SALARY:
Examining the placement packages each university provides is a significant factor that affects candidates' preferences. A comprehensive MBA degree is not the only requirement for a job in international business, though. After finishing their schooling, candidates can choose from a variety of employment profiles, and the pay for each one depends on the duties and degree of seniority. This is a list of some of the top organisations that provide career possibilities for MBAs in international business, together with their median wage packages:
| CAREER PATH | SALARY |
| Business development manager | Rs. 7.00 lakhs |
| International exports manager | Rs. 10.00 lakhs |
| Investment Banker | Rs. 10.00 lakhs |
| International business consultant | Rs. 12.00 lakhs |
| International marketing manager | Rs. 6.66 lakhs |
With firms operating on a worldwide scale more than ever before, as well as the development of technology and rapid ways to network, there are more employment prospects for those with an MBA in international business. After an MBA in International Business, there are a wide variety of titles and professional paths available. The job description may be connected to financial matters, public relations, marketing, general employee management, or a variety of other topics.
TOP RECRUITERS:
The degree prepares the student to be a usable prospect for recruiters abroad, hence there are many job chances for MBAs in international business. Candidates with this degree specialty are preferred by MNCs. The following are a few of the top hiring firms in India for positions in international business:
- Cognizant
- Deloitte
- Capgemini
- TCS
- Goldman Sachs
- Accenture
- ICICI Bank
- Bharti Airtel
- Wipro
- HSBC
- BCG
International firms that hire students studying international business include:
- Amazon
- Apple
- Walmart
- Bank of America
- Cognizant
- Wipro
- Goldman Sachs
- Boston Consulting Group,
- Merck
