MBA in International Business: Admission, Fees, Placements 2024

Are you fascinated by global markets and want to excel in international business? If so, pursuing an MBA in international business could be your pathway to success. International Business (IB) is a sought-after specialisation in management education, spanning a two-year postgraduate programme. It prepares you for a global marketplace, equipping you with essential skills and knowledge.

This blog will be your go-to guide for all information related to the course, including top colleges, admission procedures, career prospects, and much more. 

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MBA in International Business: Key Highlights

Here is a snapshot of everything we have covered in this blog on MBA in International Business, including salary, eligibility, scope, and much more!

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Also Read: PGDM vs MBA: Which is Better for Your Career?

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What is an MBA in International Business?

An MBA in International Business is a specialised Master of Business Administration program focused on preparing students to manage and operate businesses in the global market. It covers a broad range of topics related to international trade, global economics, cross-cultural communication, international finance, and global marketing strategies. 

The main components of an MBA in International Business Specialisation are: 

1. Global Business Strategy

2. International Marketing

3. Cross-Cultural Management

4. International Finance

5. Global Supply Chain Management

6. International Trade and Economics

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Why Study an MBA in International Business?

Considering why you should study an MBA in IB? Read on to learn what this study programme offers.

1. Enhanced career prospects in global business.
2. High earning potential due to essential global market skills.
3. Networking opportunities with like-minded professionals.
4. Critical thinking skills for data-driven decision-making.
5. Insights into global business practices and cross-cultural trade dynamics.
6. Opens doors to careers in the following fields: Foreign trade, global supply chain management, and project management for international companies.

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Who Can Pursue an MBA in International Business?

MBA in International Business is ideal for anyone who aspires to build careers in global markets and multinational corporations. If you’re interested in making a career in the global and international market, consider enrolling in the International Business programme.

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Types of MBA in International Business

Due to the popularity of MBA in International Business courses, there are diverse options available for students to suit their convenience and preferences.

The table below summarises the different types of International Business programs, their eligibility criteria, entrance exams, fees, and duration.

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MBA in International Business Eligibility Criteria

The most basic eligibility criteria is that you must have completed a compulsory 3-year bachelor's degree course from a recognised university. Below are the other eligibility criteria required: 

• A minimum aggregate score of 50% in your graduation, although this requirement varies among colleges, with some institutions demanding 70% or more.
• A valid score from recognised MBA entrance exams such as CAT, XAT, GMAT, MAT, and CMAT. 
• Students belonging to SC/ST/PwD categories receive a relaxation of 5% in the minimum aggregate score requirement.

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MBA in International Business Entrance Exams 2024

Admission to the International Business programme is decided on either direct entry or through specific entrance exams.

Here are some of the popular MBA entrance exams for MBA in International Business.

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Also Read:Entrance Exams for MBA in India 2024-25: Dates, Fees, and Eligibility

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MBA in International Business Admission 2024-2025

Admission to an MBA in International Business for 2024-25 involves several essential steps to ensure selection into a prestigious programme. The steps are as follows. 

Step 1

You can apply through national-level tests or various university entrance exams. Accepted exams include CAT, XAT, GMAT, SNAP, NMAT, and CMAT. Some colleges or universities may have their own entrance examinations.

Step 2

After the results for entrance exams are announced, you are called for a Group Discussion and Personal Interview, based on your score and the cut off of the respective college that you have applied to. 

Step 3

Both Group Discussion and Personal Interview are eliminator rounds. Only after successfully getting through group discussion, you reach the personal interview round. 

Step 4

Successful completion of all three rounds makes you eligible for admission to the desired university or college. However, that's not all. SOme universities, in addition to the entrance exam, GD, PI score, might also give weightage to your work experience and academic records. 

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MBA in International Business Syllabus

The structure of the International Business course is the same as that of other MBA programs. The curriculum spans key management themes covered in the first-year classes, conferences, and seminars.

Here is a semester-by-semester outline of the MBA in International Business syllabus in India.

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MBA in International Business: Top Colleges in India

India has over 6,500 MBA colleges, serving more than 3 lakh students annually. Well, that’s a vast pool of opportunities for aspiring business professionals like yourself. 

In this section, we'll discuss the top IIMs, government, and private colleges renowned for their exceptional MBA programs in International Business.

Top Private Colleges 

Here are some popular private colleges offering an MBA in International Business.

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Top Government Colleges 

Here are some of the top government colleges in India known for their MBA programs in International Business.

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Top State-Wise Colleges 

Here are the leading colleges for International Business programs in key Indian cities like Mumbai, Delhi, and Kolkata, along with their average annual tuition fees.

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MBA in International Business from Abroad for Indian Students

Considering studying international business abroad? The estimated cost for an MBA in International Business ranges from INR 20L to INR 25L annually. 

Here are the top countries and universities to explore.

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Also Read:MBA in India vs Abroad: What to Choose in 2024?

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Distance MBA in International Business

The distance International Business Management typically spans 1 to 2 years, varying by institution. It is ideal for students aiming to learn international business management while maintaining their current employment.

One major benefit of pursuing a distance MBA course is the significantly lower fees, typically ranging from INR 10,000 to INR 40,000 per semester, as compared to full-time MBA programs.

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Distance Admission 2024

Here are some important points you must know about distance admission.

• Admission for the Distance International Business programme in 2024 is based on entrance exams like XAT, MAH CET, CAT, and others.
• Eligibility requires graduation from a recognised university, with some institutes also requiring 3 years of work experience.

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Top Distance MBA in International Business Colleges

With international business playing a crucial role in global economies, many MBA institutes and colleges have introduced distance learning programs in international business. 

Here's a list of top colleges offering online and distance courses.

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Can I Do My MBA in International Business After Doing Civil Engineering?

Yes, you can pursue an MBA in International Business after completing a degree in Civil Engineering. Many MBA programs, including those in International Business, welcome applicants from diverse academic backgrounds. 

If you’re looking to shift from technical roles in civil engineering to managerial positions in global business, an MBA in International Business can facilitate this transition. It will open opportunities in areas like international project management, global operations, and business development.

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MBA in International Business Salary

Completing an MBA in International Business can open doors to various career paths, such as marketing sales director, management analyst, and chief executive officer. 

Below are job roles typically available after completing the International Business programme, along with their average salaries.

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MBA in International Business Top Recruiters

Here are the leading companies in India eagerly welcoming MBA graduates in International Business. 

1. Cognizant
2. KPMG
3. Citi Bank
4. Google
5. Wipro

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Which Courses Can be Done After an MBA in International Business?

After completing an MBA in International Business, you can pursue a variety of specialised courses and certifications to further enhance your expertise and career prospects. Here are some popular options.

• Doctor of Business Administration (DBA)
• PhD in Business Administration
• Certificate Programs

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MBA in International Business Scope

The career prospects for those pursuing an International Business degree are extensive. You can enter roles such as International Business Consultant, Export Manager, International Marketing Manager, and Global Business Manager. 

Not only this but after completing the MBA in International Business Management course, you have opportunities to work in various government sectors. 

Whether you aim to study abroad in diverse classrooms or explore India's ever-growing markets, an MBA in International Business provides you with the necessary skills to explore global markets and achieve success in global business.

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FAQs About  MBA in International Business

What is an MBA in International Business?

An MBA in International Business is a postgraduate program focused on preparing students for careers in global business environments. It covers a wide range of subjects, including international trade, global marketing, cross-cultural management, international finance, and global strategy.

What is the scope of an MBA in international business?

International Business Management prepares graduates for careers in global marketing, international trade, and cross-cultural management. It equips them with relevant skills in strategic management and international finance.

Is an MBA in international business a good career?

Yes, the programme offers opportunities for career advancement, competitive salaries, and the chance to work in diverse industries (both private and government) and locations worldwide.

What jobs can I do after an MBA in international business?

After earning your MBA specialising in international business, you can pursue roles like International Business Consultant, Global Marketing Manager, and Export Manager. Additionally, you can explore diverse government sectors such as export-import and travel and tourism, as well as opportunities in public enterprises like SAIL, GAIL, and NTPC, broadening your career prospects across various industries.

What is the salary for an MBA in international business?

Salaries for professionals with expertise in International Business can vary widely based on factors like job role, employer, and location. On average, salaries range from INR 10L to INR 15L per annum.

Which country is best for earning a specialisation in international business MBA?

Studying International Business Management offers significant advantages both in India and abroad. In India, renowned institutions like IIFT provide strong industry connections and a deep understanding of local business dynamics. Abroad, countries like the USA and the UK offer global perspectives and diverse cultural exposure.

Why should you choose a degree in International Business MBA?

An MBA in IB opens doors to various career paths worldwide, helps you adapt to global business settings, and provides insight into global economic trends, making it a smart choice for aspiring business leaders.

Which is better, an MBA in finance or international business?

The choice between an MBA in Finance and International Business depends on career goals. An MBA in Finance focuses on financial management and investments, while International Business covers global markets and international trade.

What is the difference between an MBA and an MBA in international business?

An MBA covers all aspects of business management, like finance, marketing, operations, and strategy. On the other hand, an MBA in International Business focuses specifically on global business practices, international trade, and foreign markets, ideal for careers in multinational companies and global trade.

What is the highest-paying job in international business?

Top careers in international business include the following. 

1. Global Marketing Director/Manager
2. International Human Resources Manager
3. International Management Analyst/Consultant
4. Global Logistics Manager
5. International Financial Manager

Is an International Business programme worth studying in India?

Studying MBA in IB in India can be highly beneficial, especially with institutions like IIFT offering specialised programs. These programs provide exposure to global business practices, industry connections, and opportunities for international placements.

What is the salary for International Business in the USA?

The average starting salary for International Business graduates is USD 1,03,000 annually. Abroad, lucrative job roles for MBA IB graduates can offer between USD 80,000 and USD 1,97,000 annually.

Which MBA specialisation is best?

Choosing the best MBA specialisation depends on individual career goals and interests. Popular specialisations include finance, marketing, and International Business, each offering distinct opportunities for career growth and specialisation in respective fields.

Is pursuing an International MBA worthwhile?

If you aspire to build a global career, particularly in leading markets such as the US, an international MBA can provide excellent global exposure and networking prospects. 

What will you study in International Business?

In an MBA in IB programme, you will learn about foreign policies, international trade, foreign investments, and managing exports. This two-year postgraduate degree will provide you with the essential knowledge and skills needed to succeed in the global business environment.

Which courses can be done after an MBA in International Business?

After completing an MBA in International Business, you have various educational paths to consider based on career goals. Few top considerations are as follows.

• Doctor of Business Administration 
• PhD in Business Administration
• Certificate Programs (Global Marketing, Export-Import Management)