With the ever-increasing globalization of companies and brands, International Business has become an extremely sought-after field. It is of utmost importance that organizations hire professionals who can navigate the complex and ever-changing landscape of the market. This is where an MBA in International Business takes a front seat.
What is an MBA in International Business?
An MBA in International Business is a course that gives students a curated and detailed understanding of the complexities of managing a business in a globalized economy. It equips you with the tools and expertise required to succeed in today’s interconnected world. With its focus on crafting International strategic partnerships and monitoring the global market, an International Business course will teach you about the technical and soft skills required in intercultural management scenarios.
The course enables you to analyze different cultures, political landscapes, and policies. It helps in identifying new markets and developing winning strategies for growth and development.
Top Reasons to Pursue an MBA in International Business
MBA in International Business is a growing field and the jobs in this field are in heavy demand. Here are some of the top reasons to pursue the course:
- Globalization – It is an ever-changing landscape when it comes to international trade boundaries. Countries are easing up trade regulations and international markets are opening up in multitudes. This creates a great opportunity for companies for global companies, and by extension, professionals pursuing International Business.
- The Burgeoning Start-Up Ecosystem of India – As of May 2024, the startup industry in India is valued at over $349 billion. 1 out of 10 Unicorn companies are from India, and they all have global centres. This rise in Indian Unicorns with global outreach has increased the demand for managers who are well knowledgeable about international business and cultures.
- Demand for Cross-Cultural Professionals – In International Business, understanding the cultural aspects of any foreign land is of grave importance. Therefore, professionals who are adept at business as well as culture, are in high demand. Those who are comfortable locating and navigating business anywhere in the world are often preferred in this industry.
- Workplace Diversity – Managers and top officials in International Business have to traverse through the diverse workplace to be effective. Learning about diversity and differences gives any employee an edge over others.
- Career Opportunities – Understanding how the business works in both the International and domestic market opens up the door for various opportunities in life. From an Arbitrator to a Data Scientist to an External Auditor and many more, there isn’t a lack of jobs in International Business.
MBA International Business Syllabus
The MBA in International Business is a two-year course that covers the following:
- Core Courses which are basics for any MBA Program – Business Economics, Business Statistics, Financial Management, Sales & Distribution etc
- Discipline Electives which are domain knowledge – International Marketing, International Economics, Cross-Cultural perspective, International Law etc.
- Industry Projects, Internships and other projects to implement the classroom learning.
What are the Key Factors to Consider?
Some of the key factors to consider a college before choosing to pursue an MBA in International Business are as follows:
1. Industry Collaboration
The course should have enough industry collaborations in terms of masterclasses, guest lectures, industry visits and internships.
2. Global Exposure
For an MBA in International Business, the course should provide global exposure. This helps in gaining a cross-cultural perspective first-hand. At MBA ESG, there is a two-week immersion program in Paris.
3. Curriculum
One also needs to consider whether the two-year course has a comprehensive spread of all subjects and topics related to the domain
4. Accreditation
It is also important to check the accreditation of the program.
5. Faculty Expertise
Checking the faculty of any program is also a factor to consider. For example, at MBA ESG, it’s industry experts who create the course and teach them as per industry requirements.
6. Networking
An extensive network of alumni helps in industry projects, insights and networking.
MBA in International Business: Program Options
If a student wants to pursue, an MBA in International Business, they can choose any of the programs depending on their convenience.
1. Full-Time MBA Program
Typically, it’s an 18–24-month program where students are expected to attend all the classes on the campus.
2. Part-Time MBA Programs
The part-time MBA ranges from 24 – 30 months where the students can take online classes as per their schedule and appear for assignments and evaluations from time to time to monitor the progress.
3. Hybrid MBA Programs
This is mixed of online and in campus classes. This ranges from 24 – 30 months’ program.
4. Executive MBA Programs
This program is for Industry experts who are looking for a crash course in the domain and to gain industry-specific insights. The program duration is from 11 – 18 months depending on the rigour of the program.
Scope and Career Options after MBA in International Business
The Scope after an MBA in International Business is huge. With the rising tide of job demands across various sectors in International Business, a post-graduate can make his/her career in multiple ways.
- International Business Manager/Director
- Global Marketing Manager
- Export/Import Manager
- International Financial Analyst
- Global Supply Chain Manager
- International Relations Manager
- International Human Resources Manager
- Business Development Manager (International Markets)
- International Project Manager
- Entrepreneur/International Business Owner
- Management Consultant (Global Strategy)
In the end, pursuing an MBA in International Business Management can be considered given the current industry trends. However, the specialization selection should also be based on individual career goals. The course will open up opportunity doors for you in various fields across sectors, and it might help bring businesses closer together. In the current globalized world when businesses are thriving in foreign unknown markets, it can bring cultures together and bridge the gap between various traditions, nationalities, and countries.
Frequently Asked Questions
1. What is the full form of MBA IB?
The full form of MBA IB is a Master’s in Business Administration in International Business.
2. How much does an MBA in International Business cost?
An MBA in International Business program tuition fee can range somewhere between 5-20 Lakhs for 2 years. The other costs are additional to the tuition fee which includes the hostel, food and others. At MBA ESG, the program is offered in the Pune campus and the total tuition cost of Rs 10 lakh.
3. What salary can I get after an MBA in International Business?
The average salary of an MBA in International Business ranges somewhere between 10-15 LPA.
4. Is doing an MBA in International Business worth it?
Pursuing an MBA in International Business is totally worth it. As the financial world keeps getting closer across countries, job opportunities spring up in various parts of the world. An International Business post-graduate is a very sought-after position in most industries. The package is also generally on the higher side, which makes the high course fee also worth the money.
Why should I consider MBA ESG?
MBA ESG ranked among the top 20 business schools in Europe and the top 4 in Paris. MBA ESG, which has over 35 years of legacy has partnered with ADYPU University, Pune for their cutting-edge MBA for India. This arrangement provides students with an excellent opportunity to obtain double certification — a degree from ADYPU University and an MBA ESG Paris certification that is recognized worldwide.
Practical learning, industry exposure, and global insights are the focus of the MBA program that ensures students would be prepared for leadership roles. Topping that up MBA ESG provides placement support to all our students across campuses. The placement rate has been above 80%, with the higher packages reserved for most of them.
Moreover, MBA ESG has Global Immersion programs, where you can go to Paris and get international exposure. It will help you build networks from an earlier stage.