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MBA in International Business is a two-year postgraduate programme that teaches students about foreign policies, trade, foreign investments, export management, and currency risk management.
A Bachelor’s degree with a minimum of 50-60 per cent is required. Although the MBA in International Business admissions procedure is merit-based, many bodies hold exams like as the CAT, MAT, GMAT, IIFT, and others to help students get into universities.
IIFT-New Delhi, IMI-New Delhi, Alliance University-Bangalore, and other top MBA International Business colleges are IIFT-New Delhi, IMI-New Delhi, and Alliance University-Bangalore, among others.
The typical price is in the range of INR 5-10 lakhs.
Global Business Manager, Export Manager, International Business Consultant, and more job responsibilities are available after completing an MBA in International Business. The average annual salary is in the range of INR 10-15 lakh.
MBA in International Business graduates have a number of possibilities in today’s industry. Candidates will have a wide range of job options after completing this course. International business degree graduates are in high demand due to the growing globalisation and the growing number of organisations operating on a worldwide scale.
The most common courses found under the purview of MBA International Business are:
The most common courses found within MBA International Business include:
Because of the increased demand for MBA IB courses, various types of MBA IB courses have emerged, each focusing on a distinct sort of student. Individuals who are employed can pursue an Executive MBA IB, a Distance MBA IB, or an Online MBA IB.
The majority of business schools offer MBA IB admission via entrance tests. Although some institutes offer direct admission to students based on merit or management quotas.
To give admission, each institute follows the stages below:
The CAT and MAT are the most common MBA entrance exams in India. Other entrance tests are typically restricted to a single institution or state.
The Common Admission Test (CAT) is an entrance exam for two-year MBA programmes at India’s 20 IIMs. The CAT will take place in November 2021, with registration beginning in July. The CAT exam requires a minimum of 50% in graduation; however, qualifying scores for reserved categories are modified by up to 5%. For MBA admissions, all universities in India accept CAT scores.
The MAT IBT registration deadline has been extended till March 16, 2021, by AIMA. Registration for the MAT in CBT mode has been extended till March 20, and the exam will be held on March 24, 2021.
CAT and MAT are two of the most popular MBA entrance exams. Almost all MBA colleges in India accept these two MBA admission tests. The exam patterns for the CAT and MAT are slightly different. Only CAT scores are accepted by IIMs.
Parameter | CAT | MAT |
---|---|---|
Number of Sections | Three | Five |
Duration | 180 minutes | 150 minutes |
No. of Questions | 100 | 200 (40 from each section) |
No. Of Papers | 1 | 1 |
Test Centre | Candidates can choose four cities as per the choices | Candidates can choose three cities |
Level of Difficulty | High | Moderate |
Marking Scheme | Correct Answer: +4 Incorrect Answer: -1 | Correct Answer: +1 Incorrect: -.25 |
No. of Exams conducted yearly | Once a Year | Four times a year |
Major Colleges | All IIMs, IITs, FMS, MDI, IMT | Christ College Institute of Management, IMS, BIMTECH (Noida) |
How to Apply | iimcat.ac.in | mat.aima.in |
The differences between MBA International Business and Master of International Business Programs have been tabulated below:
Point of Difference | MBA International Business | Master of International Business |
Career goals | MBA International Business is an advanced management degree. The curriculum for MBA International Business touches almost every aspect of a business: accounting, strategy, legal, marketing, organisational behaviour, etc. MBA International Business gives one the knowledge and skills for general management that can be applied to any department. | A Master of International Business program is highly specialised and focuses more on business development. Every course is taught from a global business perspective. One builds a new foundation of knowledge and learns about different laws, economies, and cultures. |
Curriculum | MBA International Business curriculum includes: Accounting for Managers, Business Analysis and Decision Making, Corporate Finance, Corporate Simulation, Financial Reporting and Analysis, Global Financial Strategy | Master of International Business curriculum includes: Fundamentals of International Business, Global Megatrends, Geopolitics, and Political Economy, Global Management Skills, Global Start-Up, Global Strategy and Business Models |
Time-formats | The MBA International Business curriculum consists of 42 credits and is to be completed in 12 months. Candidates have to be full-time students taking daytime classes. | The MIB is a smaller course with 30 credits that allow students to complete it face-to-face or online. |
MBA colleges can be found all over India. Some of them adhere to state-organized MBA entrance exams. The following are some of the state-sponsored entrance exams:
Entrance Exam Name | Application Deadline | Exam Date |
---|---|---|
APICET | 3rd week of August 2022 | 3rd week of September 2022 |
Dibrugarh University Entrance Exam | September 2022 | September 2022 |
HPCET | 4th week of April 2022 | 2nd week of May 2022 |
Karnataka PGCET | 1st week of June 2022 | 1st week of July 2022 |
KMAT | 2nd week of July 2022 | 4th week of July 2022 |
MAH CET | 3rd week of February 2022 | 2nd week of March 2022(CBT) |
TANCET | 3rd week of February 2022 | 4th week of March 2022 |
PU CET | 1st week of July 2022 | 1st week of August 2022 |
TSICET | 3rd week of June 2022 | 4th week of August 2022 |
UPSEE | Last week of May 2022 | Last week of June 2022 |
Depending on the institutes that provide the curriculum, the course normally lasts between one and two years. The distance learning program’s usual expenses range from INR 10,000 to 40,000 every semester, which is significantly less than the full-time MBA in International Business programme.
Working individuals who wish to improve their skills and advance in their careers typically choose MBA IB Distance Education programmes.
Name of the University | Average Annual Fees |
---|---|
Bharathiar University, School Of Distance Education – [BU-SDE] | INR 12,550 |
Annamalai University, Directorate Of Distance Education | INR 14,050 |
Alagappa University, Directorate Of Distance Education – [DDE] | INR 36,300 |
Venkateshwara Open University | INR 28,500 |
Pondicherry University | INR 12,450 |
ICFAI University, Distance Education | INR 35,500 |
UPES Centre for Continuing Education | INR 46,500 |
Export and import procedures and documentation, international policies and trade policies, getting finance from the international market, and the distribution market are all covered in the MBA in International Business programme.
1st Year | 2nd Year |
---|---|
Economics & Management Decisions | Domain-Specific Courses |
Quantitative Techniques | Summer Internships |
Financial Accounting | Domain Tailored Courses |
Marketing Management | Industry Visits |
Human Resource Management | Cross-Cultural Management |
Financial Management | Indian Policies & Trade Policies |
IT for Managers | International Business Negotiation |
Research Methodology | E-business & E-commerce |
Application Statistics | Merges & Corporate Regulation |
– | Dissertation 1 |
– | Dissertation 2 |
The following are some of the elective subjects that students can take in their second year in addition to their core subjects:
Financial Derivatives and Risk Management | Financing of International Trade |
International Supply Chain Management | International Human Resource Management |
International Contract Management | Managing Global Compliance in Export |
International Supply Chain Management and Logistics | International Advertising and Brand Management |
Foreign Language for Business | – |
More than 6500 MBA colleges exist in India, with over 3 lakh students enrolled each year. The majority of MBA colleges are located in major cities such as Delhi, Mumbai, Bangalore, Kolkata, and others.
Colleges | Fees (INR) |
---|---|
KJ Somaiya Institute of Management | 7,81,785 |
Amity University | 5,00,000 |
Hult International Business School | – |
Somaiya Vidyavihar University | 7,81,785 |
Aditya Institute of Management Studies and Research | 3,80,325 |
Vivekanand Business School | 3,52,500 |
DY Patil University’s School of Management | 4,20,000 |
Pillai Institute of Management Studies and Research | 1,92,500 |
DY Patil University | 4,20,000 |
ICFAI Business School | 4,05,000 |
Colleges | Fees (INR) |
---|---|
Indian Institute of Foreign Trade | 8,85,000 |
Jamia Millia Islamia University | 33,620 |
Delhi School of Business- VIPS Technical Campus | 4,30,000 |
Department of Commerce, University of Delhi | 15,696 |
Tecnia Institute of Advanced Studies | 1,26,900 |
Delhi University | 24,752 |
Banarsidas Chandiwala Institute of Professional Studies | 1,26,900 |
K. K. Modi International Institute | 6,40,000 |
Bharti Vidyapeeth Institute of Management and Research | 3,25,000 |
Management Education and Research Institute | 1,44,000 |
The International Business MBA program is offered by the IIFT Delhi. The MBA program takes two to three years to complete, depending on which institution you choose.
The selection process is divided into two stages:
Colleges | Fees (INR) |
---|---|
Indian Institute of Foreign Trade | 9,39,000 |
International Institute of Business Studies | 7,45,000 |
University of Engineering and Management | 2,30,000 |
Pioneer College of Management | 1,10,000 |
Army Institute of Management | 4,26,144 |
Eastern Institute of Management | 2,25,500 |
Nightingale Institute of Management Studies | 72,000 |
International Management Institute | 6,27,950 |
Globsyn Business School | 7,95,000 |
GLF Business School | 4,03,000 |
Colleges | Fees |
---|---|
Bharat University- Bharat Institute of Higher Education and Research | Rs. 1,00,000 |
Crescent School of Business | Rs. 3,74,000 |
Rajalakshmi School of Business | Rs. 6,00,000 |
Saveetha School of Management | Rs. 2,00,000 |
Xavier Institute of Management and Entrepreneurship | Rs. 8,00,000 |
Aam Business School | Rs. 37,500 |
Avidus Academy of Management | Rs. 1,95,000 |
All India Institute of Management | Rs. 60,000 |
Indian School of Science and Management | Rs. 5,50,000 |
Vel Tech Dr RR and Dr SR Technical University, Vel Tech Business School | Rs. 93,000 |
Colleges | Fees (INR) |
---|---|
Alliance University | 13,50,000 |
Reva University | 3,00,000 |
CMR University | 2,25,000 |
Adarsh Institute of Management and Information Technology | 5,00,000 |
NSB Academy | 6,50,000 |
International Institute of Business Studies | Rs. 7,00,000 |
Rai Technology University | Rs. 4,15,000 |
St. Claret Institute of Management | Rs. 2,30,000 |
Gems B- School | Rs. 4,40,000 |
Sindhi Institute of Management | Rs. 4,00,000 |
Colleges | Fees |
---|---|
Deccan School of Management | 60,000 |
Badruka College Post Graduate Centre | 1,16,000 |
Institute of Insurance and Risk Management | 3,20,000 |
Gitam Hyderabad Business School | 3,96,000 |
Institute of Public Enterprise | 4,55,000 |
Malla Reddy University | 80,000 |
Administrative Staff College of India | 7,50,000 |
Woxsen University | 6,95,000 |
Vishwa Vishwani Institute of System Management | 6,07,000 |
Symbiosis Institute of Business Management | 6,08,000 |
Colleges | Fees (INR) |
---|---|
Symbiosis Institute of International Business | 7,90,000 |
Bharati Vidyapeeth University, Institute of Management and Entrepreneurship Development | 2,25,000 |
Lexicon Mile- Management Institute of Leadership and Excellence | 8,30,000 |
Neville Wadia Institute of Management Studies and Research | 1,70,000 |
Flame University | 6,60,000 |
Balaji Institute of International Business | 4,45,000 |
Alard Institute of Management Sciences | 3,50,000 |
Sinhgad Institute of Management | 1,28,000 |
Zeal Education Society’s Zeal College of Engineering and Research | 94,679 |
MIT World Peace University | 3,75,000 |
The following criteria should be followed by applicants seeking admission to a programme.
The selection procedure is divided into two stages:
Step 1: SNAP Test: For all students interested in SIIB, Pune must take the Symbiosis National Aptitude (SNAP) Test, which is a common written test for all Symbiosis postgraduate institutes. To learn more about the SNAP Test, go to http://www.snaptest.org and register. Obtain a SNAP-ID and complete the SNAP and Institution registration and payment processes. Keep the SNAP Test Admit Card for the next stage of the selection process at SIIB, Pune. Attending the SNAP Test does not guarantee that an applicant would advance to the next round of the selection process at SIIB, Pune.
Step 2: Short-listed applicants will be invited to the next selection procedure at SIIB, Pune, based on their SNAP scores. Candidates who have been shortlisted or who have not been shortlisted are notified of their status via a web link on SIIB Pune’s website on the dates specified. The entire selecting procedure will take place just in PUNE. This procedure involves a group activity, a personal interview, and a written ability test (GE-PIWAT).
2,46,000 Indian students chose to pursue an MBA abroad out of the 7,53,000 who travelled overseas for higher education, and this number is anticipated to rise in the future years.
MBA Abroad applicants must have a bachelor’s degree in business or a similar discipline from a recognised university, as well as three to five years of work experience.
Universities such as Anglia Ruskin University, Coventry University, University of West London, and others, on the other hand, consider MBA admission without job experience.
Colleges | Fees (INR) |
---|---|
Yale University | 57,30,806 |
New York University | 58,39,571 |
University of Chicago | 53,60,068 |
Thunderbird School of Global Management | 52,11,178 |
Northeastern University | 52,11,178 |
University of Florida | 26,80,034 |
Georgetown University | 58,71,508 |
Florida International University | 27,24,701 |
University of Delaware | 33,340 |
Hult International Business School, Boston | 35,36,156 |
Colleges | Fees (in INR) |
---|---|
Bangor University | 14,07,018 |
University of Birmingham | 31,05,564 |
University of Portsmouth | 15,48,464 |
Coventry University | 17,86,689 |
University of Greenwich | 18,76,024 |
London South Bank University | 14,21,907 |
Liverpool Hope University | 11,09,236 |
University College, London | 42,06,165 |
Cardiff University | 29,25,704 |
Colleges | Fees (in INR) |
---|---|
University of Alberta | 15,78,242 |
University of Calgary | 14,81,463 |
Queen’s University, Kingston | 44,07,167 |
Laval University | 8,26,343 |
Carleton University | 14,86,689 |
University of Regina | 8,93,344 |
Sprott School of Business | 17,86,689 |
Haskayne School of Business | 14,81,463 |
Stephen J.R. Smith School of Business | 44,07,167 |
York University, Toronto, Canada | 45,46,082 |
Colleges | Fees (INR) |
---|---|
Deakin University, Australia | 23,12,818 |
University of Melbourne | 27,33,305 |
University of Sydney | 27,43,158 |
University of Queensland | 24,61,453 |
University of Newcastle | 21,56,458 |
University of Wollongong | 6,56,230 |
Queensland University of Technology | 19,25,809 |
RMIT University | 21,49,740 |
Flinders University | 21,44,142 |
La Trobe University | 21,60,937 |
According to QS rankings, Deakin University is in the top 1% of universities in the world, and it is also among the top 50 young universities in the world. It is placed 55 in the World Universities Impact Rankings and 11 in the Times Higher Education national rating.
The university uses a trimester method to enrol students interested in attending Deakin University.
Students must first select a course in their intended study level or subject area.
Application Portal: Online portal of the University or with the help of a registered agent of Deakin University
Application Fee: 55 AUD (~3100 INR)
International students should check to see if they match the basic prerequisites for the course they are interested in, such as:
According to Payscale, an MBA in International Business professional’s average pay is roughly INR 7.91 LPA. For fresh graduates from reputable B-schools, the salary package might go up to INR 12 LPA.
Candidates must possess a specified set of skills, including international business expertise, understanding of different countries’ economics, leadership, and company management. They should have a strong interest in business, outstanding communication skills, foreign language expertise, persuasive ability, and self-assurance.
The following are the top MBA recruiters in the IB:
McKinsey & Company | Boston Consulting Group | Bain & Company |
Merrill Lynch & Co | Deloitte Consulting LLP | PricewaterhouseCoopers |
Lehman Brothers | JP Morgan Chase & Co | Goldman, Sachs & Co |
Citi | Booz & Company | Accenture |
Johnson & Johnson | Credit Suisse | Deutsche Bank |
Morgan Stanley | UBS | Microsoft Corporation |
Job Title | Average Salary |
---|---|
Risk Management Director | INR 5,250,000 |
Corporate Auditing Director | INR 3,215,638 |
Real Estate Development Manager | INR 4448,646 |
Marketing Sales Director | INR 3,800,000 |
Government Affairs Director | INR 3,903,660 |
Business Development Manager | INR 597,879 |
Supply Chain Management Director | INR 3,094,801 |
Business Analytics Manager | INR 2,479,234 |
Information Security Director | INR 2,500,000 |
Chief Executive Officer | INR 2,948,782 |
Following an MBA in International Business, one can pursue a variety of courses such as a Ph.D., Professional Courses, and so on. However, this is entirely dependent on the pupils’ preferences. The MBA in International Business is a full-fledged programme that does not require any additional coursework.
After completing their MBA in International Business, graduates must find work and begin their professional careers. They must decide if they wish to work in their own nation or elsewhere. They must also choose a field of study.
Aside from that, if a candidate wants to broaden their knowledge and expertise in a certain sector of MBA in International Business, they can enrol in courses or programmes in sub-disciplines such as:
MBA in International Business can lead to careers such as manager, management analyst and chief executive officer. Mentioned below are the job profiles that can be offered after completing MBA in International Business successfully:
Job Roles | Average Salary (in INR) |
---|---|
Export Manager | 6.00 lakh per annum |
Business Development Manager | 6.00 lakh per annum |
International Finance Manager | 10.00 lakh per annum |
Global Business Manager | 30.00 lakh per annum |
International Business Consultant | 13.00 lakh per annum |
Investment Banker | 9.25 lakh per annum |
International Marketing Manager | 7.25 lakh per annum |
Apart from Business Knowledge, Strategic thinking, Planning Skills, etc. candidates aspiring to pursue MBA in International Business must be equipped with the following important skills:
Ans. In both the worldwide market and the import/export business, an MBA in International Business offers a lot of potentials. The preceding article provides in-depth information on the areas in which an MBA in international business might help a person flourish.
Ans. There is no difference when it comes to admissions eligibility and tests. The only distinction is in the course’s curriculum and scope. On the one hand, an MBA concentrates on internal management, but an MBA in International Business teaches management not just at the country level but also at the global level.
Ans. Various countries are offering MBA in International Business. The best of them are the US, UK, India, Canada, etc.
Ans. Companies that deal in international business are ones that have multiple branches in different parts of the globe. Amazon, Coca-Cola, KFC, Dominos, and others are well-known examples.
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