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Read more for Details Trending Tech Layoffs IGNOU December Exam Registration UP Police Admit Card UGC NET Answer Key UP Police Result IBPS RRB Clerk PO Result TED Talk to Boost Confidence Most Influential Educators Largest Mammals in the World NBEMS Guideline Tech Layoffs IGNOU December Exam Registration UP Police Admit Card UGC NET Answer Key UP Police Result IBPS RRB Clerk PO Result TED Talk to Boost Confidence Most Influential Educators Largest Mammals in the World NBEMS Guideline Tech Layoffs IGNOU December Exam Registration UP Police Admit Card UGC NET Answer Key UP Police Result IBPS RRB Clerk PO Result TED Talk to Boost Confidence Most Influential Educators Largest Mammals in the World NBEMS Guideline This story is from August 19, 2022 TOI-Online / Updated: Jul 6, 2023, 17:29 IST Share AA Text Size Small Medium Large Follow us Multinational companies having businesses across the globe have created a diverse and competitive workforce. The duration of the program is 2 years and the average course fee ranges from INR 20,000 (in some of the government colleges) to INR 24 Lakh . Here is the list of some popular institutes offering this specialization: Name of the Institute Course fee Exam recognized by the Institute Indian Institute of Foreign Trade (IIFT) Delhi INR 18.25 Lakh IIFT Exam Management Development Institute, Gurgaon INR 24.5 Lakh CAT/ GMAT Symbiosis Institute of International Business (SIIB) Pune INR 15.7 Lakh SNAP K J Somaiya Institute of Management Studies & Research, Mumbai INR 14.93 Lakh CAT/ XAT/ CMAT/ NMAT FORE School of Management, New Delhi INR 16.9 Lakh CAT/ XAT/ GMAT How to get admission in MBA (International Business)? A minimum aggregate of 50% in graduation (This may vary depending on the college/institute). Although, every university has its own eligibility criteria, the following are some common requirements that the aspirants need to fulfill: Bachelor’s degree English Language Proficiency Test score: IELTS (6 or above) / TOEFL (at least 150) Application Letter A Good GMAT score Statement of Purpose Transcript Letter of Recommendation Resume Student Visa The cost of studying abroad has two major components, the tuition fee and the living expenses. For an MBA(IB) degree the cost can go upto 20 – 25 Lakh a year, depending on the country and university of your choice.
Education News Careers News MBA News What is MBA in International Business? These companies require employees that are knowledgeable, well-acquainted with the concepts and theories of international business and are trained to deal with international scenarios. In India, the need for this kind of workforce has given rise to the popularity of MBA in International Business. Multinational companies having businesses across the globe have created a diverse and competitive workforce. Candidates with this degree are generally favored by multinational companies during recruitment. The curriculum of MBA in International Business covers the procedure and documentation involved in export and import, methods of approaching customers in foreign countries and currency fluctuation. Concepts like raising capital from the international market and distribution market are also taught. In the second year the students can choose their specialization in the areas of finance, marketing, supply chain management, etc. If you are seeking admission in the IIMs, you must know that they don’t offer MBA with a specific specialization. That means people don’t receive the degree as an MBA in IB from the IIMs, instead everyone receives the degree of MBA in general management. However, students can opt for their preferred electives in the second year. Eligibility Criteria: Graduation from a recognized university. Final year students awaiting results can apply for this program after obtaining a provisional certificate from their college. Some of the colleges may need you to have some prior work experience to get admission into this specialization. Admission Process: The following is the general admission process followed by most institutes/ colleges for admission in MBA in International Business. The eligible students are supposed to clear the competitive entrance exams like CAT, XAT, GMAT, NMAT, etc. The student who has obtained the percentile required by a particular college has to then appear for a round of group discussion and personal interview, as part of the final selection process. Some of the colleges also give direct merit-based admission. The selected candidates need to pay the prescribed fees to secure their seats. Study Abroad If you wish to study abroad, the following are the top universities for Business and Management, as per the QS University rankings: Harvard University, USA INSEAD London Business School, UK Stanford Graduate School of Business, USA Massachusetts Institute of Technology, USA The most popular countries for this program are the US, UK , Canada, Germany and Australia. It is important to get the work permit if you wish to work abroad, however, these are temporary in nature. Scholarships for studying abroad: HEC Foundation Student Scholarships Essec Academic Excellence Scholarship Emerging Economy Fellowships at Wharton Business School Ivey Business School Financial Need Awards Career Prospects With the huge growth in international business, the demand for individuals having an understanding of global markets has increased. MBA in IB can enable you to join the international market department, international placement offices, import and export departments, global shipping companies, global tourism sector, international consultancy firms and international logistics & courier companies. There are lots of job opportunities not only in India but also abroad. Some of the popular job profiles are as follows: Export managers and executives International business consultant International Business Development Manager International Marketing Manager International Finance Manager Global Business Manager Export coordinator Account Manager Brand Manager
The expected average salary ranges from 5 to 20 lakh per annum, depending on the job profile. End of Article FOLLOW US ON SOCIAL MEDIA 8 Bad Habits That Reflect on Your Scorecards education GK for students: 7 Fascinating Features of These Unique Birds education GK for students: Top 8 Largest Mammals in the World education Here are 9 reasons why studying at night can boost academic success education 9 Ways Social Media Is Disrupting Your Learning Process: How you can fix it education 10 Critical Warning Signs of Suicidal Behaviour in Students education Top 10 TED Talks to Boost Confidence and Success for Female Students education Bad Habits Students Need to Eliminate to Achieve Academic Success education Top 10 Countries with the Most Flexible Work Hours for International Students education 10 Engaging Ways for Students to Spend Their Navratri Break education Harris Trump Debate Highlights What is Project 2025? PM Modi Noida Visit Who is Ilhan Omar 9/11 Remembrance Day Central Park 5 Case Explained God of Chaos Asteroid Sanjauli Mosque Row Who is Donald Harris Taylor Swift Endorses Kamala Harris Maldives President Mohamed Muizzu Apple iPhone 16 WWE Wrestlers who Married other Wrestlers Jasprit Bumrah PM Narendra Modi Nagpur Audi Crash Dell Layoffs In Education Entire Website Tamil Nadu is already implementing the acceptable components of the NEP but remains opposed to the three-language policy: Minister TS DSC 2024 Results Expected Soon at tgdsc.aptonline.in UP Police Result 2024: All you need to know about UPPRPB constable selection process BSEB Bihar Class 10 board exam 2025 registration begins: Check details here KLEE result 2024: Rank list for 3-year LLB course out, direct link here Assam ASTU result 2024 for B.Tech 6th semester out on astu.ac.in: Direct link to check result here UPPBPB UP police constable answer key 2024 out for Aug 23 exam: Direct link to download here Haryana HPSC PGT admit card 2024 out at hpsc.gov.in: Direct link to download hall ticket here UGC NET Answer Key 2024 Live Updates: NTA to release provisional answer keys for Aug 27-Sept 4 anytime soon Apply for over 50,000 govt job vacancies in September 2024: Check recruitment details from SSC to Indian Railways and more ‘Making anti-national statements’: Amit Shah targets Rahul Gandhi over remarks on reservation Two terrorists killed during encounter with security forces in J&K’s Udhampur Is this India’s chance to replace Bangladesh as world’s clothing factory? ‘: Akhilesh cites ‘pattern of encounters’ under BJP rule Pathan’s magic in Karachi: A hat-trick to remember in the first over Is a select group of investors rigging the SME IPO game? iPhone 16 series launched: Complete features, price and how to pre-order ‘Will fight narrative of Naya Kashmir’, MP Rashid after walking out of Tihar jail ‘They would be in jail if …’: Kharge’s attack draws BJP’s ‘Emergency DNA’ jab
International business is expanding rapidly due to urbanization and growing use of the internet. Because of this growth, the international business job outlook remains optimistic. Top Recruiters The following are the top recruiters in this field: HDFC Bank Citi Bank Amazon Google IBM Accenture Wipro JP Morgan Chase & Co. Michael Page Recent trends and future scope The international companies always strive to establish, expand and grow their business, thus, broadening the scope for an MBA in IB graduate. The graduates also have the opportunity to travel across the globe to implement the strategies which help a corporation grow. Industry growth will continue to accelerate as more technological advancements are made. artificial intelligence and machine learning are also transforming nearly every facet of business, including global commerce While automation is already widely used across many fields. Sikh groups protest against Rahul’s remarks in US, demand apology ‘Pick someone first, then …
