What will you learn in an MBA in International Business?
The graduates of “International Business” programs are sought after by numerous businesses and organizations to represent them professionally. The advantages of embarking on a vocation in international business are enormous, ranging from living abroad to taking advantage of the various profitable employment prospects offered in the global market. The best route to accomplish this is with an MBA in International Business. MBA grads receive higher salary packages earning around $115,000 yearly, but this can vary greatly depending on specialization and location.
The MBA in International Business is designed for individuals who want to develop their leadership abilities through a globally driven curriculum in a worldwide business setting. International business programs help students better understand the global business market and environment. Grads interested in bridging cultural and national boundaries will find these programs useful.
What is an MBA in International Business?
An MBA in International Business is a 2-year postgraduate program that provides students with knowledge and expertise in areas such as international trade, overseas investments, export management, foreign policy, and risk management in the forex market. You’ll learn about international business issues, overseas markets, the world economy, cross-border interactions, and the management and interpersonal skills required to succeed in multinational firms. Here is an overview of the MBA in International Business courses:
|Full Form||Master of Business Administration in International Business|
|Age||No specific age limit|
|Eligibility||50% in an undergraduate degree and valid score in an aptitude test|
|Course Fee||INR 1,50,000|
- A 10+2+3 year bachelor’s degree with at least 50% aggregate from an accredited institution. (45% for reserved categories)
- A valid score in aptitude tests such as CAT, MAT, CMAT, XAT, and GMAT.
- Candidates without an aptitude test score have to clear the online admission test.
You can also read 10 reasons why you should choose an online MBA in India.
MBA International Business syllabus
This 2-year program is divided into 4 semesters to make learners well-versed in international business concepts. The semester-wise breakdown of the MBA in International Business syllabus is listed below:
|First Semester||Second Semester||Third Semester||Fourth Semester|
|Management Process and Organizational Behavior||Production and Operations Management||Research Methodology||Strategic Management & Business Policy|
|Business Communication||Financial Management||Legal Aspects of Business||International Business Management|
|Statistics for Management||Marketing Management||International Financial Management||Business Leadership|
|Financial and Management Accounting||Management Information System||International Marketing||Foreign Trade of India|
|Managerial Economics||Operations Research||Management of Multinational Corporations||Global Logistics and Distribution Management|
|Human Resource Management||Project Management||,Export-Import Management||International Business Environment and International Law|
Scope of MBA in International Business in India
The market for international business courses is fairly significant due to an increase in global firms and corporations. Many of these businesses seek ways to grow and establish their operations abroad; thus, they require skilled people who can effectively manage global situations and are acquainted with the conceptual frameworks important to the foundation of a firm.
Students with an international business degree are eligible for employment in both the public and commercial sectors. The MBA in International Business scope is quite vast, offering students a fantastic opportunity to work globally. Students can work for companies in the international market division, the global tourism industry, the global shipping industry, the international consultancy industry, the import and export divisions of companies, the international logistics industry, the international placement workplaces, and the courier industry.
The following are some of the top employers for MBAs in IB:
- Deloitte Consulting LLP
- Goldman, Sachs & Co
- Mckinsey & Company
- Boston Consulting Group
- Microsoft Corporation
- JP Morgan Chase & Co
- Morgan Stanley
- Brain and Company
Career prospects after MBA in International Business
A degree in international business opens the door to careers in global business management, export, and import, global business consulting, and international commerce and business. Below are some of the MBA with International Business jobs individuals can choose from:
- International Marketing Manager
The duties of an international marketing manager include developing and implementing a strategic advertising plan for an organization. Additionally, they publicize the company’s presence across multiple channels.
- International Finance Manager
The responsibilities of an international finance manager encompass budgeting process, management reporting, financial assessment, and managing financial administration operations for designated clients.
- International Logistics Specialist
These experts are in charge of all communications between the different divisions within the business and its client to deliver comprehensive, reliable, and timely information.
- Export & Import Manager
The primary duty of export managers is to plan the shipping of goods internationally. They must also negotiate with a range of parties, including vendors and shippers.
- Global Trade Coordinator
Trade coordinators are in charge of handling the documentation required for businesses to lawfully export and import commodities across international borders. They often interact with customs officers and attend to their inquiries throughout the import and export processes.
- Global Business Manager
The role of a global business manager is to negotiate and develop new products to boost sales. Additionally, they watch out for market changes, customer requests, financial stability, and trade law.
Skills you need for a successful career in International Business
The following are the skills you need to succeed in the domain:
- Networking skills
You will need a solid network to further your ambitions for doing business abroad or even gain assistance in learning more about how to make an impact. Networking is a crucial ability since the more people you know who hold the positions you aspire to, the more opportunities you will have to learn from them and advance both professionally and personally. In return, you can assist someone who can learn from you and even persuade people in your network to support your efforts.
- Communication skills
The most crucial talent for any business leader to master is effective communication in all of its forms. It is particularly crucial in international business because you frequently interact with remote teams where a language barrier may exist. You can learn an international language as it improves your ability to communicate with multicultural teams and is a desirable skill for prospective international firm employees.
- Collaboration & teamwork
The most motivating and effective corporate leaders are frequently the best collaborators because they know how communal intelligence can quicken company achievement. Collaborating with team members from different cultures is extremely advantageous in a global company setting as it’s a chance to practice and improve your cross-cultural communication abilities. Also, it introduces you to fresh viewpoints and approaches to challenging business issues.
- Cultural literacy
Business leaders need to be aware of how cultures differ beyond boundaries because it may be necessary to conduct business and leadership differently. Cultural literacy facilitates you in determining whether your brand will be well accepted in the target segment. It aids you in ascertaining whether people in different nations are aware of your product/service. It lets you feel at ease and operate smoothly as you understand languages and cultures. Finally, it gives you insight into the various infrastructural profiles of countries.
- Analytical skills
Every position and business needs the ability to comprehend issues and evaluate the situation to identify workable solutions. Analytical abilities are crucial in global platforms as they enable people to identify solutions to diverse issues and to come up with clear conclusions and plans of action to address those issues. They span a wide spectrum of skills, from forecasting to problem-solving, and they all equip people to examine data patterns, draw insightful conclusions, and analyze useful findings.
You can also read What skills should I acquire before joining a B-school?
Choose Online Manipal for an UGC-entitled online MBA degree
An MBA in International Business offered by Manipal University Jaipur will help you advance your career by allowing you to enter the executive and managerial ranks and increase your employment prospects in the global markets. This 2-year program can help you develop the necessary skill sets that will enable you to land profitable roles, regardless of whether your career goals are in export, international marketing, international finance management, or global logistics.
It provides you with the competitive edge you need in today’s job environment, and you’ll have the knowledge and abilities to boost your profession and get substantially compensated. Some of the key subjects and topics taught in the program are:
- International Marketing
- Management of Multinational corporations
- Export-Import Management
- Foreign trade in India
- Global Logistics and Distribution Management
- International Business Environment and International Law
- Export-Import Finance
- International Financial Management
Highlights of online MBA in International Business from MUJ:
- A+ NAAC-accredited university degree with UGC standing
- Fee: INR 1,50,000* (all inclusive), i.e. INR 37,500 each semester
- Free access to paid Coursera content
- High-qualified faculty
- A large repository of e-learning content
- Exceptional student support services and many more
An MBA in International Business is the appropriate degree for you if you want a job that spans international markets and equips you with the knowledge to overcome various cultural, legal, and geographical barriers. However, the payoff in the form of an increase in salary and a new profession depends on the effort you put forth while attending the program. You can opt for an online MBA in International Business from MUJ to ensure that you succeed in your career by thoroughly covering all significant global marketing practices.
Information related to companies and external organizations is based on secondary research or the opinion of individual authors and must not be interpreted as the official information shared by the concerned organization.
Additionally, information like fee, eligibility, scholarships, finance options etc. on offerings and programs listed on Online Manipal may change as per the discretion of respective universities so please refer to the respective program page for latest information. Any information provided in blogs is not binding and cannot be taken as final.
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