An MBA in International Business is a degree that focuses on upskilling students/ working professionals with relevant knowledge and skills to work in global organizations. It is a degree that equips you with the necessary tools you would require to succeed in an international environment. From managing employees working across borders to negotiating with clients and foreign vendors, the benefits of doing MBA in International Business far exceeds your expectations and readies you to become a leader in international business on all levels including corporate organizations, startups or even NGOs.
Why has there been a growing demand particularly for an MBA in International Business off lately?
Off lately, there has been a drastic shift in the skill sets required to succeed in the global economy. The reason could be the increase in connectivity of various states, countries through technology and trade. Companies require individuals who are well versed in not just local affairs and issues but have an idea about the international level business management as well. To thrive in the global environment individuals must be able to understand local and international issues, build relationships across borders and work effectively in a team.
In order to reap the best out of an International MBA, universities offering the program must ensure that their curriculum includes subjects that can help develop skills in the areas that expose them to new ideas and methods for problem solving.
Who Should do an MBA in international Business?
An MBA in international Business is particularly helpful to those individuals who are seeking to work with Global businesses. Professionals who can take up MBA are:
• Those who aspire to work in Global Markets and are aiming for careers in multinational corporations, or global consulting firms.
• Individuals looking to move up the career ladder, on to leadership roles in their organizations.
• Individuals interested in learning about global economics, international finance, cross cultural management etc
• Budding entrepreneurs who want to make their mark and expand their businesses internationally
• Graduates interested in business, economics, international relations or other related fields.
• Individuals looking to switch careers and transition into international business roles by gaining the right skills.
• Professionals with a passion for travel and want to work in diverse environments and learn about different work cultures.
• Financial analysts and economists looking to acquire knowledge in global financial markets.
What are the Benefits of Pursuing an MBA in International Business?
Some of the benefits of doing an MBA in International Business are:
1. Higher scope
The scope of doing an MBA in international business is rapidly increasing. An international MBA will equip with a ser of skills and knowledge that can help you thrive in the global landscape by navigating effectively in the international environment.
2. Career Advancement
The program will help enable your profile as required for international positions like international marketing manager, trade consultant etc. It prepares you for leadership roles and helps you understand the effective management of global teams and operations.
3. Build a global professional network
It helps build a network of peers, alumni and professionals globally, facilitating better career opportunities. Interaction with global leaders can help you gain a great sense of knowledge and understanding of international business.
4. Better business skills
Helps develop strategic thinking skills relevant too the global markets like competitive analysis skills, negotiation skills etc. It gives you a deep understanding of international finance, risk management and financial reporting in global context.
5. Specialized knowledge
An MBA in international business can help you understand in detail about international trade regulations, import/ export procedures etc. The specific knowledge and techniques to enter new markets and adapting products/ services to local preferences is what you can learn from this degree.
6. Career acceleration
Pursuing an MBA from a reputed institution like ESG will enhance your credibility with employers and will increase your chances of gaining recognition in the global market.
7. Better prepared for Economic challenges
Learning about the international business will help you develop great resilience and adaptability to economic fluctuations and help remain calm and effectively manage the situation. You will get an opportunity to explore sustainable business practices and Corporate social responsibility on a global scale which could further help you manage your business effectively.
8. Personal goal fulfilment
An MBA in International business will engage you in rigorous study and research that could expand your business knowledge ten folds on global business issues. The program is also a personal goal fulfilment as it gives a personal satisfaction of thriving in your passion for global business and contribute to international economic development.
Top Jobs You Can Get After an MBA in International Business
Along with an exposure to global business issues an MBA opens up your path for some top jobs on the international market with salaries ranging from 7 lakhs to 30 lakhs.
1. Chief Executive Officer (CEO)
One of the highest-ranking members on the board, a CEO oversees all aspects of a company’s operations and is in charge of taking companies to the next level.
2. International Business Consultants
You work with clients to develop international strategies to help them achieve their goals. You will be mainly responsible for providing guidance on expanding reach in global markets.
3. Management analyst
As a management analyst you are responsible for analysing strategic and financial performance of an organization.
4. Global business manager
You will be responsible for keeping track of all aspects of company’s operations, whether its sales, marketing, finance, manufacturing etc but on a global level across borders and diverse teams.
5. Administrative service manager
As an administrative service manager, you will be responsible for hiring, training and supervising employees and ensure that all policies are being followed by those working in the department.
Why Choose MBA ESG to Pursue an MBA in International Business?
MBA ESG provides a UGC-recognized MBA in International Business program featuring an industry-focused curriculum with a variety of elective courses, including options in international business.
The curriculum emphasizes essential business knowledge, management skills, core competencies, and ethical practices tailored to current workplace standards. This program is ideal for individuals seeking thorough preparation for a career in business.
Additionally, you have the flexibility to select electives aligned with your interests, such as international business. These specialized courses are designed to equip you with practical skills relevant to your future career endeavours.
