MBA in International Business Overview
MBA in International Business is a postgraduate management degree programme that is one of the most demanded academic courses. MBA or Master of Business Administration in the field of international business is a specialised programme that focuses on providing the knowledge of foreign trade operations, as well as the global economic trends and strategies. The course is of the duration of two years, which is usually divided into four semesters, with each year having two semesters. Most institutions and universities offer this course on a full-time study basis.
However, graduates can also opt for the part-time, distance learning or online modes of pursuing an MBA in International Business. The course offers a wide scope of job opportunities for students. Several organisations operating at the global level require MBAs who have completed the specialisation in international business. Under this course, students gain in-depth knowledge in areas like international marketing, global financial management, import-export management, and forex management. After completing this course, they can begin working as professionals who may earn anywhere between INR 5 lakhs and INR 15 lakhs. The career opportunities are endless after finishing this course.
MBA in International Business Course Availability
Almost every B-school and private or public university in India offers MBA in International Business. While this course was first offered in the US in 1946, it was introduced in India in 1963 when the Institute of Foreign Trade (IIFT) was founded. Presently, there are hundreds of B-schools and institutions recognised by AICTE, UGC or AIU, providing the MBA programme in international business. Below, we give you a list of some of the top B-schools and universities that offer high-quality management programmes in this domain:
Amity University, multiple locations
It is noteworthy that students should choose a B-school or institution based on several factors that include quality of education on a priority. However, they should also check the course fee charged by these institutions for MBA in International Business. Usually, the course fee may go from INR 1 lakh to INR 15 lakhs, based on the institution, course recognition and quality, mode of study, etc. Students should ensure that they are able to support their study financially.
Essential Skills to Pursue MBA (International Business) Course
To pursue MBA in International Business programme successfully, students must possess certain skills. They should have the prerequisites so they can excel in the course and take full benefit out of it. Following are some important skills they should possess to enter the domain of international business management:
Basic knowledge of global business operations
Excellent oral and written communication
Knowledge of any foreign languages (a plus)
Aptitude towards business and interest in global economy
Persuasive and negotiating skills
Confident and presentable personality
Leadership and teamwork skills
Good planning, coordination, and organisational abilities
MBA in International Business: Job Prospects
As students are given extensive training in the above-mentioned domains while pursuing MBA in International Business, they are equipped with the knowledge of the international marketplace and business environment. This turns them into honed professionals who can handle a variety of job profiles in multinational companies and across the industries.
Students can find jobs of their interests in automobile firms, FMCG companies, IT companies, electronics firms, banks and financial institutions, hospitality organisations, and consumer durable companies. They can also find great opportunities in import-export companies, foreign direct investment agencies and consultancies dealing with multinational clients. After completing MBA in International Business, students can also start their own businesses or expand any existing business at international level.
Students specialising in international business can even work through their own global business consulting firm. Additionally, several foreign organisations hire specialists in this domain. Students can fit in a variety of job roles like those of business analyst, marketing executive, business technical consultant, business development manager, territory sales executive, and international business lead. Those interested in teaching can join B-schools as lecturers or managers. Thus, the scope is truly wide for IB professionals.