Since the number of companies globally is increasing and spreading their wings in all parts of the world, this has led to the increase in demand for a globally competitive and diverse workforce. It is because of this reason that the need and popularity of International business and its related course are on the rise. MBA in International Business programs prepare students for management, trade, or general business career that can be conducted on a global scale.
The MBA in International Business syllabus mainly focuses on developing a capable workforce within the country who has a complete understanding of the changing international business scenarios so that they can weigh and analyze the impact of those changes in the domestic market.
The course requires a bachelor’s degree as a prerequisite in any discipline and requires the candidate to clear entrance exams like; MAT, CAT, SNAP, IIFT, and the like. Candidates with outstanding communication skills, a keen aptitude towards business, and having an interest in economies of diverse countries, are most appropriate for this course.
Top B-Schools like IIMs, IIFT, Symbiosis Institute of International Business, ICFAI business school, and so on offer the opportunity to study International Business. The MBA (International Business) is a foundational course for developing a competent cadre of business executives to meet the country’s growing requirements for training personnel in the field of international management.
The course offers a 360-degree curriculum wherein knowledge of subjects from all domains is imparted. The subjects majorly include Economics, Finance, Research Methods, Human Resource Management, International Laws, Supply Chain Management and the like.
The course fees can be as low as 16000 and as high as 10 lakh. It all depends upon what college you get enrolled in and how prestigious that is. The salary insights for MBA(IB) are:
|Career Title||Management Analyst||Administrative Service Manager||Chief Executive Officer|
|Education Requirements||Bachelor’s degree, MBA may lead to career advancement||Bachelor’s degree, MBA may lead to career advancement||Bachelor’s degree, MBA may lead to career advancement|
|Projected Job Growth (2018-2028)*||14%||7%||6%|
|Median Salary (2018)*||$83,610||$96,180||$189,600|
A Master of Business Administration in International Business can lead to careers like management analyst, administrative service manager, and chief executive officer. These MBA graduates specialize in business dealings with companies overseas. The low end of the salary range for these jobs, except for CEOs, is slightly below the national median income, while the high end of the typical salary range is in the low six figures. Hence one can expect careers as Export managers and executives, International business consultant, Consultant, International Business Development Manager, International Marketing Manager, International Finance Manager, Global Business Manager and so on and so forth.
The top recruiting companies are: BCG, McKinsey and Co., Bain and Company, JP Morgan and Chase, Lehman Brother, Goldman Sachs and the list goes on. MBA in International Business graduates have an immense opportunity in the current market. Career options after this course are increasing rapidly. International business degree holders are often required due to increasing globalization and the growing number of businesses currently competing on the international stage.