An MBA in International Business provides students with a curated and detailed understanding of the management complexities of running a business in a globalized economy. It equips them 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.
The profession is currently running hot in the world, as globalization and interconnectedness among countries have never been the same. A small, seemingly insignificant incident or step in one nation could cause an economic whirlwind in the world around.
Take the Suez Canal crisis in 2021 when the “Ever Given” ship was stuck there, causing losses worth billions of dollars in worldwide trade. You could also take Donald Trump’s excessive ‘tariff’ plan, which sent shockwaves around the world, and markets came crashing down.
Owing to constant happenings in the world like this, a professional in International Business will be the perfect handyman for a nation’s interests. He/She could dilute the tensions and build stronger, happier relationships. Therefore, a junior in International Business can earn somewhere between INR 10 LPA to INR 15 LPA. However, it can go up to INR 50 LPA and even higher than that. To learn more about International Business salaries, let’s jump right into this article.
Factors Influencing Salary After an MBA in International Business
Here are some of the key factors that are shaping the salaries of an MBA graduate in International Business:
- Education Background – Depending upon the business school, its reputation, curriculum, and faculty, among other things, from which a student has pursued their MBA in International Business, their placement companies and packages vary. Bigger companies hire those from more reputable institutions and naturally, their salaries are higher as compared to others.
- Company – The reputation and size of a company directly impacts an International Business professional’s salary. The bigger and better the company, the higher the chances are that they will pay larger salaries.
- Experience – An International Business professional’s salary will increase depending on the experience they gain over time, just like any other profession. It’s not just the years spent in that occupation, but the skills acquired and knowledge gained in that time meeting different delegates, leaders, heads of states, company leaders, trade experts, and many more designations of such kind.
- Geographical Location – Depending on where an International Business professional is based, their salaries will vary. Their salaries will also be determined by how many visits they make to different places for official work reasons.
- Specific Specialized Skills – An MBA graduate in International Business should be fluent in English, cross-cultural communications, and digital technology skills.
MBA in International Business Average Salary in India
The average starting salary of an MBA graduate in International Business in India is somewhere between INR 10 LPA and INR 15 LPA. It is, however, subject to many other factors such as job role, company details, college reputation, educational background, etc.
Also, for certain well-regarded designations such as International Trade Manager, the salary can reach up to INR 50 LPA.
MBA in International Business Average Salary Abroad
The average starting salary of an MBA graduate in International Business outside of India is somewhere between $70,000 and $120,000. This salary, when converted to INR, is way higher than what International Business professionals in India earn. But that is due to the currency exchange rates and the positions available abroad.
Depending on experience, designations, and company, the salary can even go up to $150,000.
Top Job Roles and Salaries
In International Business, these are some of the topmost roles that are both highly sought-after and also pay a lucrative salary. Here they are alongside their salaries (in no particular order):
- Marketing Management – INR 10.5 LPA to INR 15 LPA
- Human Resource Management – INR 9.2 LPA to INR 9.7 LPA
- Management Consulting – INR 8 LPA to INR 12 LPA
- Executive Positions – INR 70 LPA to INR 80 LPA
- Global Financial Manager – INR 11.5 LPA to 12 LPA
- International Business Development Manager – INR 10 LPA to INR 12.5 LPA
- Supply Chain Director – INR 20.5 LPA to INR 21.5 LPA
- Foreign Exchange Trader – INR 21.4 LPA to INR 22 LPA
- International Economist – INR 24 LPA to INR 25 LPA
- Global Project Manager – INR 22 LPA
- Financial Analyst – INR 8.5 LPA to INR 10.5 LPA
Top Companies Hiring MBA in International Business Graduates
Across all industries, several companies hire MBA graduates in International Business. Here are some of them in no particular order:
- Accenture
- Infosys
- TCS
- Cognizant
- Wipro
- Amazon
- Microsoft
- Oracle
- SAP
- JPMorgan
- KPMG
- IBM
Tips to Increase Salary Potential
While not much different from most other professions, here are some quick tips to increase the salary of an International Business professional:
- Staying up to date with global trends, industry regulations, and the current industry practices in international trade, finance, and management. This will help the professional garner experience much quicker than usual and climb up the corporate ladder in no time.
- Mastering a foreign language will always come in handy for an International Professional. This will make diplomatic relations, dialogue exchange, and trade negotiations much smoother between the two parties. This will also help improve relations between the two parties involved.
- Gaining certifications in as many courses as possible is always a sign of a healthy, growing professional in International Business. Certifications like the Certified Global Business Professional (CGBP) and others like it can boost one’s earning potential.
- Being an expert at Data Visualisation Tools like PowerBI and Tableau can enhance the analytical capability of an International Business professional.
- Industry-specific knowledge and learning the nuances and basics of the industry are always helpful in building one’s reputation and thereby earning a higher salary.
To conclude, a career in International Business seems like an attractive option to pursue, given the current state of things in the world. Under the current circumstances, pursuing an MBA in International Business from any reputable college will open up many doors of opportunity internationally for everyone. The salary is lucrative in every designation, and there is a very high ceiling to climb in this line of work. Professionals will get international exposure, have discussions with delegates, will be directly involved in decision-making of important events, and overall, make a difference in this field.
Frequently Asked Questions (FAQs)
Q: What is an MBA in International Business?
Ans: 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.
Q: Is an MBA in International Business good for high-paying jobs?
Ans: Yes, an MBA in International Business is good for high-paying jobs. Since the jobs are very high profile, always in demand, and important to the global market, the job roles in International Business that one may acquire after an MBA are always high-paying.
Q: Which country pays the most for MBA IB grads?
Ans: Switzerland generally tops the list of the highest average MBA salaries in the world.
Q: What jobs can I get after an MBA in International Business?
Ans: Management Consulting, Marketing Management, Human Resource Management, Global Finance Manager, International Economist, Global Project Manager, etc., are some of the job positions available after an MBA in International Business.
Q: Is an MBA in International Business a good career?
Ans: Yes. An MBA in International Business is generally considered a good career path.
