Course Details
International business and international marketing is taught as part of the MBA curriculum at B-schools across India. A number of universities also offer a Master’s Degree in International Business (MIB). Thus, as a first step, students should secure admission in an MBA program. An MBA is a 2 years' course, pursued after graduation. Admission into the MBA course is conducted on the basis of a written test, group discussion, and personal interview. Separate tests are conducted by different institutes, like CAT by IIMs, MAT by All India Management Association, and XAT by Xavier Institutes. Furthermore, there are executive MBA (IB) programs offered by some institutes, which require a minimum level of experience. Some institutes offer undergraduate programs like BA (Hons) in International Business, for which 10+2 is a mandatory qualification. The most desirable experience for professionals in this field is to accept and work within the customs, beliefs, culture, and attitudes of a particular country. A strong personality and personal background experience can also lead the aspirants to business executive positions.
Career Prospects
An MBA in international business can seek employment in public and private sector organizations. There are wide varieties of job opportunities for such people in banks, financial institutions, securities firms, investment companies, export/import companies, and international business consultancies. However, most MBA (International Business) postgraduates are absorbed by international marketing departments of organizations engaged in exports, namely, multinational manufacturers, like automobile companies, electronics and computer companies, and consumer durables manufacturers. Since most of the international trade is carried out through port and aviation, these professionals can find ample opportunities in airlines, cargo, and global shipping companies. Foreign direct investment and economic development agencies also hire these professionals. Moreover, they can also join travel, tourism, and hospitality sectors. Other career options open to MBA (International Business) postgraduates include setting up their own consultancy firm.
Top Colleges Offering UG/PG/Other Courses
There are a number of institutes in India that offer post graduate diploma in international business management. The most prominent among them include: Indian Institute of Foreign Trade (IIFT), New Delhi; Symbiosis Institute of Foreign Trade (SIFT), Pune; ASM's Institute of International Business and Research, Pune; Gitam School of International Business, Vishakhapatnam; Leeds Met India, Bhopal; Central Institute of Management and Technology (CIMT), Lucknow; International School of Business & Research (ISBR), Bangalore; University of Petroleum & Energy Studies (UPES), Dehradun; Punjab College of Technical Education (PCTE), Ludhiana; European Management Institute, New Delhi; University Business School, Chandigarh; Lovely Professional University, Jalandhar; and Bangalore Management Academy (BMA), Bangalore.
Remuneration
A fresh postgraduate in international business management from a reputed institution is usually hired as a management trainee, with a salary package ranging anywhere between Rs. 5-12 lakhs per annum. However, B grade business school pass-outs may be offered a lower pay to start with. The offerings head northward for international placements. Job satisfaction and career growth can be an important factor in international market research firms or consulting organizations.
