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MBA (IB) is a postgraduate program which equips students with sufficient knowledge and training for the needed basic knowledge of International Business. MBA (IB) is a specialization course that offers training to students in various aspects of international business in which they have to deal with Export and Import Management, Foreign Exchange Management, International Marketing, International Finance and International Logistics. A degree designed to develop the resources and capability of managers in the global economy.
The demand for MBA holders is increasing day by day. The scope of MBA in International Business is very vast and demanding. You can join various enterprise or firms anywhere after completing this course. In international business, there are many rules and regulations that must be followed through export and import management and the core subjects of MBA in International Management are General Management subjects as well as electives from marketing, finance and supply chain management.
The curriculum of the MBA (IB), the students are taught about; procedure and documentation involved in export and import, methods of approaching customers in foreign countries, currency conversion and fluctuation, raising capital from international market and distribution market. In the first year, students are taught about the basic knowledge of general management with international business. In the second year, students undergo choosing a specialization in the area of finance, marketing, supply chain management with emphasis on international business.
MBA in IB is a two-year full time or part time or through distance education program. It is offered by various institutions in and out of the country as well. The concept behind international management is to find out the ways of dealing with the different global scenarios in marketing, finance, and supply chain.
♦ To do MBA in IB you must hold the bachelor’s degree minimum of 3 years duration in any of the disciplines with a minimum score of 50% marks. You can join this course after completing the UG degree in B.Tech/B.Arch, medical, arts, science, commerce.
♦ You need to clear the entrance test, Group discussion, and personal interview to study this course. The written test is organized at Ahmedabad, Allahabad, Bangalore, Bhubaneshwar, Chandigarh, Chennai, New Delhi, Mumbai and other cities.
♦ Person of any age can apply, no age limit is there for applying to this course.
♦ Candidates appearing for a qualifying examination can also apply only if they submit the proof of required qualification before the commencement of the session.
The career opportunities after MBA (International Business)
The firms dealing with international affairs spread across the spectrum of profiles in Finance, Marketing, HR, Legal and Supply Chain offer great opportunities for students who study this course.
Key profile includes
International Marketing and Finance (especially in Automobile, FMCG and FMCD sector)
Exports-Imports Management (especially in Shipping sector)
International Logistics (especially Distribution sector)
General Management (especially Travel and Tourism sector)
Colleges offering MBA (INTERNATIONAL MANAGEMENT) in India
1. Indian Institute of Foreign Trade (the best for MBA in International Business in India)
2. Symbiosis Institute of International Business, Pune
3. K J Somaiya Institute of Management Research and Studies, Mumbai
4. SRCC Global business Operations Programme
5. University Business School, Chandigarh
6. Fortune Institute of International Business, New Delhi
7. Banaras Hindu University
8. GITAM Institute of Foreign Trade, Vishakhapatnam
9. Indian Institute of Tourism and Travel Management, Gwalior
International Business focuses on the understanding of the behavior and planning of the international operations. MBA in International Business as a career option is gaining awareness and importance among the youth. Students are now looking it as a good career option. As it deals with International Business, it means no boundaries, you will have to work anywhere and anytime in the world.