MBA Programs Specializing in International Business in India have gained significant popularity. Leading corporations such as TATA, BIRLA, Mahindra, and Infosys actively seek graduates holding this qualification. They value individuals who possess a profound understanding of global business operations. This specialized MBA curriculum delves into topics like exports, imports, logistics, and international regulations.
Overview
The program also encompasses areas such as banking, finance, investment, IT, and operations, making graduates with an MBA in International Business highly sought after. Renowned institutions like IIFT Delhi & Kolkata, MDI Gurgaon, and FORE School of Management offer this sought-after program. If studying abroad is on your agenda, it is advisable to explore opportunities to broaden your knowledge base.
This article will explore the eligibility criteria, career prospects, and earning potential associated with pursuing an MBA in International Business in India. If you aspire to delve into the realm of global business and seek diverse career opportunities, this could be the ideal path for you.
Understanding MBA in International Business in India
An MBA in International Business, or MBA-IB, is a specialized program that equips individuals with knowledge of global business practices. Participants gain insights into foreign policies, trade mechanisms, investments, and more. Upon completion of the program, graduates can secure positions with salaries ranging from Rs.10 lakh to 75+ lakh per year. Some alumni even venture into entrepreneurship. Employment opportunities span across government agencies, public sectors, and private enterprises such as banks, airlines, and hospitality establishments.
The curriculum delves into areas like global competition, finance, marketing strategies, and logistics management. Additionally, students acquire knowledge of international laws and customs. Admission to a premier MBA-IB institution typically requires a bachelor’s degree with a minimum of 50% marks and a competitive score in MBA-IB entrance exams like CAT, XAT, or NMAT. The program duration can vary from full-time spanning two years to shorter durations or part-time options. Some institutions also offer online modules to cater to diverse learning needs.
Variants of MBA in International Business Programs in India
MBA in International Business programs in India is structured into three main categories:
- Two-Year Full-Time MBA or PGDM in International Business offered by esteemed B-Schools like IIFT and MDI Gurgaon.
- One-Year Full-Time MBA or Post Graduate Certificate Program in International Business provided by reputed institutions like IIM Calcutta.
- MBA Specialization in International Business within the two-year full-time General MBA/PGDM Program offered by esteemed institutes like IIM Ahmedabad, IIM Lucknow, and FMS Delhi.
Curriculum and Course Offerings
The initial year of the MBA International Business program covers fundamental subjects such as Marketing, Accounting, Finance, and Human Resources Management, laying a robust business foundation. The subsequent year delves into specialized topics focusing on international business nuances. Here are some key areas of study:
- Essential aspects of International Management
- Cross-Cultural Management
- Strategic International Business Management
- International Economics
- International Financial Management
- International Marketing Strategies
- International Trade Logistics
- International Trade Operations & Export-Import Documentation
- IT Applications
- Legal Aspects of Global Business
- Global Sourcing Management
- Supply Chain Management
- Trade Analytics
- Financial Risk Management
- Project Appraisal and Finance
- Financing International Trade
- International Contract Management
- Negotiation in International Business
- Strategies for Emerging Markets
- Tools for Strategy Execution
- Online Business & E-Commerce
- Sustainable Practices in Global Operations and Logistics
- Shipping Services Management
- Sector-Specific Strategies for International Business
- Compliance Management in Global Exports
- Customs & Excise Regulations
- Agri-Commodity Trading (ACT)
Eligibility Requirements
To enroll in an MBA International Business program, fulfilling two main criteria is imperative:
- Possession of a bachelor’s degree with a minimum of 50 or 60 percent marks, subject to specific institute requirements.
- Registration for and successful completion of an MBA entrance exam like CAT, GMAT, XAT, or SNAP. The exam score plays a pivotal role in shortlisting candidates for admission.
Admission Process
The admission process for an MBA in International Business program mirrors that of other MBA courses. Here is a step-by-step guide to navigate the admission procedure:
- Meet the eligibility criteria, which typically entails securing at least 50% marks in your undergraduate studies.
- Apply for and excel in the MBA International Business Entrance Exams recognized by the institute of your choice. For instance, CAT, XAT, or NMAT are accepted by institutions like IIFT, IIM Lucknow, and MDI Gurgaon. FORE considers CAT and XAT scores.
- Thorough preparation for the entrance exams is essential to enhance your chances of success.
- Admission cutoffs for MBA International Business programs are generally lower than flagship MBA programs, yet they offer equivalent learning opportunities and promising placement prospects.
- Shortlisted candidates are typically required to participate in a final selection round, which may include an interview.
- Upon selection, payment of the course fee secures your spot in the MBA Finance Course.
Choosing the Ideal MBA Program in International Business
When selecting an MBA program specializing in International Business, a plethora of options awaits. Some programs are standalone, while others are integrated into standard MBA programs. They may be full-time or part-time, offering flexibility to suit diverse student needs.
In most two-year full-time MBA programs, students specialize in International Management during the second year. However, premier institutes provide specialized MBA programs in IB right from the program’s inception.
Opting for a general MBA program at a prestigious B-school typically involves selecting your specialization after the first year. Conversely, enrolling in a specialized MBA program entails an immediate focus on International Business from the program’s commencement. It is crucial to determine beforehand whether you prefer selecting your specialization after a year of study or embarking on an MBA in IB without the option to switch later.
Top MBA in International Business Institutions in India
Below is a compilation of some of the leading MBA in International Business colleges in India renowned for their excellence in international business education:
1. Symbiosis Institute of Business Management
Established in 1992 as part of Symbiosis International (Deemed University), SIIB Pune boasts an ‘A++’ accreditation from NAAC in 2022. The institute offers postgraduate courses in Business Administration across various specializations, including International Business, Agri-business Management, and Energy & Environment. Admission to SIIB Pune is based on SNAP scores, a written test, and a Personal Interview. The campus features state-of-the-art facilities like a library, hostels, sports amenities, and a medical care center.
- Location: Pune, Maharashtra
- Placement Package: Rs 24,00,000 per annum
2. Indian Institute of Foreign Trade (IIFT)
Established in 1963 under the Ministry of Commerce and Industry, IIFT is renowned for its specialized programs in International Business and Business Analytics. The institute offers a two-year MBA in International Business program focusing on various facets of global trade, finance, marketing, and strategy. Admission to the program typically requires clearing the Common Admission Test (CAT) with a high percentile.
- Location: Delhi, India
- Placement Package: Rs 29,00,000 per annum
3. MDI Gurgaon
Established in 1972, MDI Gurgaon is a prestigious institution accredited by bodies like NBA, AACSB, AMBA, and SAQS. The institute offers flagship PGDM programs in offline and online modes, Executive PG courses, Fellowship programs, and Management Development programs. Admission to the two-year full-time PGDM programs is based on CAT merit followed by GD and PI rounds.
- Location: Gurugram, Haryana
- Placement Package: Rs 27,65,000 per annum
4. FORE School of Management (FSM)
Situated in South Delhi, FSM is a renowned private business school offering PGDM courses in International Business, Financial Management, and Big Data Analytics. Admission to PGDM programs at FORE School is based on valid CAT, XAT, and GMAT scores. The school boasts a 100% placement record for the Batch 2021-23, with the highest package offered at Rs 30 LPA.
- Location: New Delhi, India
- Placement Package: Rs 15,10,000 per annum
5. Birla Institute of Management Technology (BIMTECH)
Established in 1988 and backed by the Birla group of companies, BIMTECH is ranked 48th by NIRF 2023 among the top 100 management institutes in India. The institute offers a flagship 2-year PGDM program with notable placement records.
- Location: Greater Noida, Uttar Pradesh
- Placement Package: Rs 11,25,000 per annum
6. IIFT Kolkata
An autonomous body under the Ministry of Commerce & Industry, IIFT Kolkata offers various postgraduate, doctoral, and PG Diploma programs in management, economics, international business, and finance. The institute maintains strong ties with prominent recruiters, facilitating robust placement opportunities for students.
- Location: Kolkata, West Bengal
- Placement Package: Rs 29,10,000 per annum
7. T A Pai Management Institute
Established in 1980 as part of Manipal Academy of Higher Education, Manipal, TAPMI Manipal offers programs like MBA, Ph.D., and others. The institute provides modern facilities and amenities to support student learning and growth.
- Location: Manipal, Karnataka
- Placement Package: Rs 15,50,000 per annum
8. Globsyn Business School
Founded in 2002, Globsyn Business School offers AICTE-approved programs like PGDM and PGDM in Business Analytics. The MBA (Global) program at GBS specializes in International Business, emphasizing partnerships with esteemed educational institutions.
- Location: Kolkata, West Bengal
- Placement Package: Rs 7,51,000 per annum
Career Opportunities with an MBA in International Business
Graduating with an MBA in International Business from a reputable institution opens up diverse career avenues. Companies across various sectors seek MBA graduates specializing in International Business for roles such as:
A) Domestic Job Profiles
MBA graduates in International Business are not limited to international roles. The program equips graduates with core business competencies like Marketing, Finance, and HR, making them valuable assets for domestic companies. Renowned firms offer positions in Sales & Marketing, IT/ITES, Finance, and Strategy & Consulting to MBA graduates specializing in International Business.
B) International Job Profiles
MBA graduates in International Business often secure international job profiles, especially when organizations require managers to oversee global operations. Opportunities abound in top Indian conglomerates with global footprints like TATAs, Mahindra Group, and Aditya Birla Group, as well as in global MNCs recruiting Indian MBAs for domestic and international roles.
Entry-level positions in specialized International Business roles include:
- Manager – International Business
- Manager – International Finance
- Manager – International Operations
- Manager – Export & Imports
- Manager – International Logistics
- Manager – International Trade
Frequently Asked Questions
1. What does an MBA in International Business entail in India?
An MBA in International Business in India is a comprehensive program aimed at preparing business executives for the global marketplace. The six-trimester course focuses on international management and essential business skills.
2. Is pursuing an MBA in International Business worthwhile in India?
An MBA in International Business equips individuals to become global citizens, opening up diverse career paths such as international business consultancy or global business management.
3. Are MBA in International Business colleges in India accredited by recognized bodies?
In India, MBA in International Business colleges receive accreditation from organizations like UGC, NAAC A+, AIU, AICTE, BCI, and ICAR.
4. Which entrance exams are commonly accepted for MBA in International Business colleges in India?
Entrance exams like MAT, CAT, CMAT, XAT, and SNAP are commonly accepted for admission to International Business programs in India.
5. What is the average placement package for MBA in International Business graduates in India?
Upon completing an MBA in International Business in India, graduates can explore lucrative job opportunities with attractive salary packages ranging from Rs 15 lakh to Rs 28 lakh annually.
Conclusion
Embarking on a career in MBA in International Business colleges in India presents a myriad of options for aspiring professionals. Whether opting for a specialized MBA program or integrating International Business studies into a broader MBA curriculum, individuals can tailor their educational journey to align with their career aspirations.
For those committed to full-time study, specialized MBA programs at esteemed institutions like IIFT, MDI, and SIIB offer tailored pathways to success. Alternatively, individuals pressed for time can explore accelerated one-year MBA programs or flexible part-time and online options. Researching thoroughly and selecting a program that aligns with individual needs is crucial for a fulfilling academic and professional experience.