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Career in International Business

What is an International Business (IB) course?

The goal of taking a course in International Business Operations is to give students information about the economies of the world. In the time of globalization, many other countries like China, Japan and India are associated with each other with trade relations and money-related support. The basic objective of the International Business Course is to inform students about the interdependence and mutual relations of economies of different countries in today’s business environment.

What does an International Business (IB) manager do?

The work of International Business Manager is quite diverse. She manages many other functions such as creating strategic business plans to ensure profitable international expansion for her business unit. They are also responsible for identifying issues related to international trade and finding possible solutions for them. In addition, Mejwan helps our clients understand the business terms of the country and simplifies the functioning of the business so that foreign business clients are interested in investing in our country. The above are some of the tasks for which International Business Managers of any organization are responsible.

Types and duration of courses in International Business (IB)

There are many courses available in the field of international business, which can be done after passing 10 + 2 classes. The purpose of these courses is to give students information about the international business pattern in the current environment. Let us discuss some courses:

Diploma

You can do Diploma in International Business after passing 10th and 12th class.

Undergraduate degree

The undergraduate course is commonly known as BBA in International Business or BBM in International Business. The duration of this undergraduate course is 3 years.

Postgraduate degree

The International Business course at post graduate level is known as Master of Business Administration (MBA in IB) or Master of International Business (MIB). The duration of this course is 2 years.

Doctoral degree

After completing post graduation, you can do PhD in International Business. The duration of the doctoral program is usually 3-4 years. This period also depends on university guidelines.

How to get admission in International Business (IB) Institutes?

As far as the admission process is concerned, both the eligibility criterion and entrance exam are required. Therefore, before registering an application or name for any entrance exam, you should read its eligibility criterion very carefully. When you have read and understood all the conditions and rules mentioned in the document, only then apply for the exam. It is important for students to complete all the required requirements to avoid later disqualification.

Eligibility Criteria

This is one of the most important aspects to ascertain whether a student should take admission in a given course or not. Let us discuss the eligibility criterion in international business courses at various levels:

Undergraduate degree

Undergraduate level course can be done after passing 10 + 2 class from any subject. In order to pursue an undergraduate course in international business, students must have secured at least 50% of total marks in 10 + 2 class.

Postgraduate degree

For the postgraduate course, the student must have graduated from any recognized university or college in any discipline with at least 50% aggregate marks.

Doctoral degree

To pursue a doctoral degree, a student must have a postgraduate degree in a business related subject from a recognized university or college. After this, the entrance exam conducted by a university or institute doing PhD in international business course will have to be given.

Entrance exams

This is a basic method by which the test of the student is taken whether he is academically fit to do the said course or not. Because international business is a professional course, various universities and institutes have their own MBA entrance examinations, which shows the rank of students taking admission. To get admission in various international business courses, let’s discuss some popular entrance examinations:

Undergraduate degree

NMAT (UG): NMIMS Management Aptitude Test (Undergraduate)
GGSIPU CET: Guru Gobind Singh Indraprastha University Common Entrance Test
DU JET: University of Delhi Joint Entrance Test
Christ University BBA Entrance Exam
SET: Symbiosis Entrance Test

Postgraduate degree

CAT
XAT
CMAT
IIFT
SNAP

Doctoral degree

Department of Management Studies IIT Delhi Entrance Exam
University of Delhi, Faculty of Management Studies Entrance Exam
Indian Institute of Foreign Trade Entrance Examination
Christ University Entrance Exam

Narsi Monjee Institute of Management Studies Entrance Exam

Sub-specializations under International Business (IB) course

The goal of subjects taught under the International Business Field is to broaden the thinking and analysis skills of students for the global business environment. Here is a description of some subjects that are taught to international business graduates in various institutes and universities:

International Supply Chain Management

The most important reason for teaching this topic to international business students is to provide information for firms in the international market to explain topics such as International Logistics (IL) and Supply Chain Management (SCM) and their strategic imports.

International marketing

The purpose of this topic is to provide students with an understanding and knowledge about marketing principals that apply to organizations that do business in more than one country even in the face of intense competition with foreign businessmen. Issues such as advertising and the importance of branding are included in international markets under this topic.

Financial Derivatives and Risk Management

Through financial perspective, through studying derivatives, students become capable of managing risk or risk in the international market.

Financing International Trade

This topic is the basis of international trade because it teaches various concepts, theories as well as various sources of finance and managing finance related to international trade.

Foreign language for business

Language can become a major hurdle when it comes to international trade and business. Therefore, each university or institute gives you the opportunity to learn one of the foreign languages of French, Spanish, Mendorin, etc. so that students can master at least one language of their choice from a business point of view.

International Business Course Career Prospects

International business is a promising management field that gives you opportunities to travel around the world and interact with all kinds of clients. It focuses on the cross-cultural aspects of domain management.

Popular job profiles for IB managers

After doing MBA in International Business and gaining required experience, you can work on the following posts:

Export Managers and Executives
Global Business Manager
International Business Development Manager
International Finance Manager
International Logistics Manager
International Business Consultant
International Brand Manager

Salary Prospects for IB Managers

Currently, it is very beneficial to specialize in international fields. Nowadays, the world has become a global village and economies of all countries are promoting trade relations and establishing sweet business relations among themselves. Therefore, there are many opportunities for development in this field.

As your work experience increases in this field, your salary also increases in the same way. Take a look at the salary prospects in the field of international business:

Year salary (Rs)

2-3 bars less than a year (freshers)

1-4 years 3-6 lakhs

5-9 years 7-13

10-20 years <1.5 million

Source: Pescale.com

Top International Business Institutes in India

According to the NIRF rankings, the following are the top 10 institutes offering courses in international business:

Serial Number Institute Location

1 Indian Institute of Management Ahmedabad

2 Indian Institute of Management Bangalore

3 Indian Institute of Management Calcutta

4 Indian Institute of Management Lucknow

5 Indian Institute of Technology Bombay

6 Indian Institute of Management Kozhikode

7 Indian Institute of Technology Kharagpur

8 Indian Institute of Foreign Trade Delhi

9 Xavier Labor Relations Institute Jamshedpur

10 Management Development Institute Gurgaon

NIRF rankings are released every year by the Ministry of Human Resource Development (MHRD), Government of India, to approve the best institutions in the country.

Top recruiters for international business graduates

There are many established and well-known brands in the field of international business that provide excellent opportunities to students. Now, you have to choose which posts you want to join or which job profile offered by recruiters during campus placements? Therefore, below is a list of some well-known brands so that international business graduates must look for job opportunities in these brands during MBA placements for their golden future: