The world’s moving fast and so is the business world. What McLuhan once called the world — a global village — has turned out to be true and the digital age has shrunk the world. Globalization has resulted in an increased ‘connectedness’ of businesses; thereby, increasing the need for individuals who are well-versed in handling international businesses.
To cope with this demand and help students carve a unique niche for themselves in the market, the education industry has come up with professional courses. One of the popular ones among them is MBA in International Business. In this article, we will be telling each and everything that you need to know about this course. Take a look!
What is MBA in International Business?
This is the first and foremost question that rises among students. MBA in International Business is a two-year postgraduate program that is designed to help students gain a deeper understanding of critical concepts like operations of global organizations, theories of global business, strategic management and other crucial aspects.
Some of the topics that are included in MBA in International Business’ curriculum:
- Financial Management
- Foreign Trade Policy, Procedure, and Documentation
- Economic & Management Decisions
- International Finance Management
- International Marketing Management
- Global Economic Environment
- International Business Strategy and Negotiations
Apart from this, students are also offered industrial visits and other essential workshops for gaining real-time knowledge of the corporate world.
Getting admission in MBA in International Business is not a child’s play. Depending on the college, there are different eligibility criteria you will need to fulfill. To give you an idea, we have written below the common eligibility criteria of UPES:
- Minimum 50% marks at Higher & Senior Secondary level (10th & 12th)
- Graduation with minimum 50% marks from a recognized University
Once you have qualified these criteria, you need to take the UPES Management Entrance Test (UPESMET). You will also need to appear for a group discussion and personal interview if you get selected in UPESMET.
Other than these, colleges also give admission based on your score in National Level Tests like CAT, MAT, CMAT, XAT and others. For more details, visit the official website of the colleges.
Scope and Opportunities
MBA is one of the most popular and lucrative courses in India, and you don’t need Google to know this fact. This shows, irrespective of the specialization, MBA programs are quite much in demand, and their scope is huge. That being said, when it comes to MBA in International Business, the scope and opportunities get multiplied due to its connection with the international world. You can have unlimited job opportunities not just in India but countries abroad.
As far as the career prospects are concerned, here are some of the positions you can apply for after your degree in MBA in International Business:
- Export Manager and Executive
- International Business Consultant
- Account Manager
- Management Consultant
- Marketing Manager
- International Business Development Manager
- International Finance Manager
- Global Business Manager
- Project Manager
- Investment Banking Manager
Just getting a high-paying job isn’t what you should aim for after your MBA. There are various industry leaders who are continuously seeking talented individuals to help them in making their business grow faster. Some of the top ones include:
- Deloitte Consulting LLP
- McKinsey & Company
- JP Morgan Chase & Co
- Morgan Stanley Group
- Goldman, Sachs & Co
- Citi Group
- Boston Consulting Group
Students who are quite dedicated towards their career in international business often dream of working in these companies. Such big companies not only offer a lucrative pay scale but also open up the doors of newer and bigger opportunities that can stabilize the career in the long run.
It was not long when only an MBA was sufficed to kickstart a good career. However, with globalization, new branches like International Business have gained a new position in the market. With an MBA in IB, you can delve into international issues in greater depth and assess global trends while laying down a stable path for a successful career ahead.