MBA in International Business: Top Colleges and Career Prospects
1. Introduction:
- Overview of the Global Business Environment
The Global Business Environment is a complex and diversified platform for international businesses. The Business Environment has made enormous progress over the past decade as it has made trading more efficient not only in the local business sector but also in international business sectors. As the business environment has globalized the network of marketing, and production among the international market has become a strong factor for the economy of the countries in the network.
-
Importance of International Business Skills
Today's business platform is very effective and efficient, as the technology influences the performance. It is really essential for the traders to adapt to the unstable competition for their success. A strategic analysis of the changing marketplace gives the opportunity for business expansion and networking. Having the skills to compete in this globalized platform is vital.
Few among the essential skills required are:
a)Networking skills: Business person must possess the ability to quickly connect with the professionals of other countries, especially people working in the same industry.
b)Communication skills: Communication is a key element for any transaction. A good business person must have excellent communication among cultures. Having knowledge to understand non-verbal communication such as gesture, body language is most appreciated.
c)Emotional intelligence: Business professionals having self awareness, ability to control emotions in stressful situations can be challenging. Emotionally intelligent professionals are rational decision makers.
d)Adaptive thinking: Due to the changing business environment it is essential the professional observe the conditions, weigh options, and decide as per the situation demands.
-
Why pursue an MBA in International Business?
International business management course offers structural components of international corporations such as management and international decision making. Having an MBA will strengthen your ability to manage different teams, improve financial performance, analyze international rivals, develop strategic thinking, problem-solving, decision making, organization, presenting, and reporting.
2.What is an MBA in International Business?
MBA in International Business is a Post graduate programme which provides the student with knowledge and training on International Business. This programme is for those professionals who want to accelerate their career in foreign markets. This trains the professional in the field of financial analysis, collaborative capabilities, time management, sociability.
Students eligible for MBA IB must possess a Bachelor’s degree of a minimum 3 years duration in any discipline, with minimum 50% score in the qualifying examination.
MBA has numerous courses under its program with a duration of 2 years.
The courses under these programs are namely:
- Fundamentals of business administration
- Leading across cultures
- Managing organizational diversity
- Global procurement/supply chain management
- Executive leadership
- International finance market.
-
Core Subjects(e.g., Global Marketing, International Trade, Cross-Cultural Management)
| Subject title |
Subject details |
| Finance and accounting |
Finance reporting and analysis
Management accounting
Financial management
|
| Human resource management |
Behavior in organization
Designing work organization
Human resource management
|
| Business Economics |
Managerial economics
Macroeconomic Environment
|
| International Business law and practice |
This course provides coverage of the legal, cultural,political,economic and ethical issues faced by global business managers. |
| International marketing |
Promotion
Sales and advertisements
|
| International trade operations, Logistics and sourcing |
International trade
Logistics
Tariffs and controls
|
-
Specialization Options(Global Finance, International Logistics, Export Management)
Though MBA is a special business programme it offers other specializations that can add to knowledge of the professional for a good job profile
| specialization |
subjects |
| entrepreneurship |
entrepreneurship |
| International Finance |
Finance
Accounting
economics
|
| Marketing/sales |
Marketing
Marketing research
Customer management
|
| International trade |
Trading
import/export
International trading requirements(WTO)
|
| Global management |
management |
3.Scope of MBA in International Business
MBA in International Business is a program designed to provide students with skills to navigate the complexities of global business environments. It opens up diverse career opportunities in the global business landscape.
4. Career Opportunities After MBA in International Business
Graduates are trained to assume key roles in multinational corporations, diplomatic missions, international trade organizations and more.
| Job profile |
Top employers |
| Business Development Manager |
Amazon. Flipkart,SBI Life Insurance, Cognizant |
| Marketing Manager |
Axis Bank, HDFC Bank,Amazon,HCL Technologies |
| Operations Manager |
Amazon, TCS, ICICIBank Wipro |
| Area Sales Manager |
HDFC, Idea. Kotak Mahindra Bank,Cipla Inc. |
| Business Development Executive |
JustDail, Cleartrip, Photon Infotech |
| Senior Business Analyst |
TCS, Accenture,EXLService.Com |
| Project Manager |
Infosys, Wipro, TCS, Capgemini |
| Business Manager |
HCL Technologies Ltd, Groupm |
| Investment Banker |
Bank of America Corp.(BOFA) |
| Export-Import management |
Retail sector |
| Brand Management |
Travel and Tourism |
| Logistics Management |
Hospitality sector |
| International Marketing |
Courier |
| Foreign Exchange Management |
International Restaurant chains |
| Banks |
State Trading Corporations Merchandisers |
5.Top MBA colleges in International Business
Top business schools located in India
- Symbiosis Institute of Business Management
- Indian Institute of foreign Trade(IITF)
- Birla Institute of Management Technology(BIMTECH)
- MDI Gurgaon
- FORE School of management
International Business Schools:
- Harvard Business School(HBS), USA
- Stanford Graduate School of Business, USA
- INSEAD, France/Singapore/Abu Dhabi
- St. Andrews Institute of Technology and Management(SAITM)
- London Business School(LBS), UK
6. Future Prospects of International Business Professionals
There are immense career opportunities available in international affairs. Specialization in MBA IB serves as a gateway to global career and international exposure.
Apart from the private sector graduates can pursue various career paths in public sectors, such as administrative jobs in the government ministries and managerial positions in public sector banks, financial institutions,and PSUs.
7. Conclusion
- An MBA in international business offers a comprehensive view of the global market, enabling graduates to navigate diverse cultural, economic, and political landscapes.
- It allows you to build a diverse network of professionals worldwide, fostering valuable connections.
- The curriculum covers strategies to identify, assess, and mitigate risks associated with international business operations.
