Is MBA in International Business a Good Choice for Higher Education?

Do you dream of becoming a versatile leader in a global economy? If yes, then that, of course, will not happen with the conventional skills and knowledge you possess! You need to know how international businesses actually work and the several factors that can influence their wide-scale functionalities.

Whether you want to work in a global market or experience life in a foreign country, an MBA in International Business from any leading business school will help you fulfil your long-cherished dream! How?

That’s because this specialised MBA degree is designed for professionals who aspire to develop leadership skills in a global business context through both internationally focused courses and study abroad experiences. However, if you are not aware of how an MBA in international business can shape your career in favour of your goal, then we have your questions answered in this article today!

Curriculum, syllabus and course content of MBA in International Business

Eligibility criteria for MBA in International Business

• Having a bachelor's degree with 50% aggregate.
• Having a CAT, MAT, XAT, ATMA, CMAT score, or any other similar qualifying examination.
• Those who are in the final semester of their graduation are eligible to apply.

This course is a great scope for working professionals to augment their careers. Apart from the solid foundation of the management and International business discipline, this course imparts education in Marketing, Finance, and HR.

Career scopes with MBA in International Business

We all pursue higher education to achieve higher ambition and, MBA in International management offers one. Pass outs of IB management are hired by top-tier organizations like Amazon, Apple, Bank of America, Walmart, Cognizant, Capgemini, Deloitte, Wipro, Bharti Airtel, ICICI Bank, Accenture, TCS, BCG, Goldman Sachs, and its contemporaries. Upon completion of the course, the students acquire all the required expertise and subjective knowledge regarding the international market scenarios and contemporary economic trends. They can hence choose from an array of career opportunities in their preferred geographic location.

You will not only have the scope of working for big corporates but also working in association with the government departments. However, if you have a knack for entrepreneurship, your studies in International Business will be your asset as you have a fair understanding of the global financial scenario with acumen in research and analytics. With a degree in International Business, you can achieve any of the following roles.

• International finance executive
• Foreign exchange management
• International marketing
• International logistics
• Management analyst
• Administrative service manager
• Chief executive officer
• Consultant for an international organization
• Export and import management
• Export coordinator

These are only some opportunities we have mentioned here, you can also explore opportunities like the business manager (domestic and international) or investment-banking manager. As we said there are endless opportunities for exploring, and it is up to you how you are going to explore your skills.

Job outlook and salary expectations after completing MBA in International Business

Skills required to excel in MBA in International Business

Are you keen on pursuing your career in international business but somehow struggling to keep pace? If your answer is yes, then do not worry because an MBA in International Business from a leading business school will boost your management career and allow you to explore opportunities in the international market!

However, in order to do that, you are supposed to possess some skills that will help you make a big name in international business. An MBA in International Business will expose you to the global market and help you polish yourself in the form of the following skill traits:

• Communication and Cultural Inclusion: If you are planning to work at a global workplace, it is evident that you will come across people from different cultural, racial, ethnic, and linguistic backgrounds, which you have to deal with on a daily basis. Therefore, an MBA in International Business allows you to improve your communication skills with international delegates and also brings in the much-needed cultural sensitivity needed to thrive in the global marketplace.
• Adaptability and Resilience: In this ever-evolving market scenario, you need to be ready to face any untoward situation or change because anything can change at any time in the world of global business. Therefore, an MBA in International Business will elevate your adaptability and resilience skills to the next level, thereby practising humility, curiosity, and the art of self-control.
• Networking: A career in international business means meeting a diverse pool of professionals every now and then. Your MBA journey in international business will help you manage a strong pool of connections internationally, thereby opening up new business possibilities that you had never imagined before. At JAIN CMS Business School, we understand the importance of networking, and therefore we arrange for international trips, student exchange programmes, and international seminars to familiarise you with the possibilities of such networking.
• Delegation: If you are planning to make ripples in the international market, it is important that you stay steady and refrain from directing your energy in the wrong direction. This can be done through thorough organisation and delegation of tasks across the hierarchy, which will help you scale up faster and explore multiple markets early.
• Understanding Market Behaviour: The global market is influenced by several social, economic, political, and even environmental factors, all of which can impact your role in the workplace. In this perspective, an MBA in International Business will help you understand the marketplace, local demand, and supply chain, how organisations can make profit, identify key rivals, and what your role is in this situation.

Difference between MBA in International Business and MBA in other specializations

This is a very common question asked by almost every other MBA aspirant. What is the common difference that separates an MBA in international business from an MBA in other specialisations?
Well, the answer is very simple and hidden in the nomenclature itself. While a conventional MBA is all about imparting knowledge and skills for managing different aspects of a business, such as manpower management, legal, accounting, strategy building, marketing, finance, analytics, etc., an MBA in International Business is a package of everything, but with an ‘international focus'. You will be exposed to international laws, rules, and policies of trading, political and social factors that can influence the global market, and global tactics used by international businesses.

Moreover, while an MBA in other specialisations is more focused on the fundamentals of business, an international MBA allows diving deeper into the global economy with an additional focus on entrepreneurship. A huge portion of international MBA studies allows students to explore the primary components of entrepreneurship and helps them implement these learnings into practise. This degree programme allows you to build diverse network connections around the world, thereby helping your career take flight!

Benefits of pursuing MBA in International Business over other degrees

The world today is digitally interconnected, and for every business to flourish, the management must be acquainted with international contexts. Organisations hence look for qualified professionals who are trained to ideate strategies and resolve organisation-level issues on a global level.

An MBA degree in International Business (IB) trains you to understand global economic trends, solve cross-cultural problems, and implement leading global trends in domestic business for expansion and growth. Apart from ideating and implementing strategies, a student of international business has the scope to travel abroad to understand cross-cultural trends, which can aid in the growth of a corporation.

Here are some of the primary reasons why you should opt for an MBA degree in international business:

• The scope for career progression is huge for students opting for an MBA in International Business. The knowledge and skill set acquired during the two-year journey will allow them to get a competitive edge over others and make a significant impact in their careers.
• This degree will allow the students to make a solid impression in global business, where they can leverage their skills and knowledge in accordance with today’s fast-paced global market economy.
• An MBA in International Business will help students build long-lasting, remarkable connections with diverse professionals around the world.
• The constant push and the drive for excellence will enable the students to develop communication, negotiation, critical and strategic thinking, adaptability, time management, and leadership skills essential for their success at all levels of an organisation and within different cultures worldwide.

Comparison between MBA in International Business from top colleges in India and abroad

Well, there isn’t much difference if we compare pursuing your MBA in International Business from a reputed top business school in India and abroad, as both of the formats will provide great career opportunities in multinational corporations, international organisations, consulting firms, etc.; however, the chances of getting a relevant job role in government agencies are higher for the students pursuing their degree from an Indian business school. Besides, the choice of doing the MBA at an Indian or international college solely depends on an individual’s career goals, preferences, and financial viability.

Here are several factors to consider if we choose to compare an MBA in International Business from top colleges in India and abroad. Here are some of the key differences:

• Reputation and Rankings: Top colleges in India and abroad have different levels of reputation and rankings. For example, if someone is planning to pursue their MBA in International Business at an Indian business school, they must go for institutions with proper rankings and accreditations, such as the National Board of Accreditation. Similarly, if anyone is willing to pursue the same at an international business school, then they must review the accreditation and ranking of that particular institution at par with international standards.
• Curriculum: Yes, the curriculum of an MBA in International Business may differ from that of a top college in India and abroad as market scenarios, the economy, cultural differences, and trade policies may not be in sync. While some business schools in India may want to focus on doing business in emerging markets, business schools abroad may emphasise global business strategy.
• Faculty: While the faculty in top colleges in India may come from diverse backgrounds with impressive qualifications and experience, the faculty members in business schools abroad may possess the same qualifications but with a global perspective.

Advantages of having a degree in MBA in International Business

An MBA in International Business is like a breath of fresh air for students who are eager to gain a comprehensive understanding of how international business works. This two-year postgraduate degree helps students understand the international market and gain knowledge about the internal factors that can influence the functionality of different industries and organisations across the world.

So, what are the key benefits of having an MBA in international business? Come, let’s explore!

• You will learn how to apply fundamental business practises in order to mitigate international business problems.
• An MBA in International Business helps you come up with appropriate strategies to operate in foreign markets.
• Learn the skill of carrying out a country-specific strategic risk assessment and assessing how the profitability of the company can be impacted in foreign markets.
• Apart from the technical and domain knowledge of international business principles, you will also be exposed to the social, economic, political, and legal practises of various countries and how they can affect international business and trade.
• The degree programme will also help you analyse the new emerging trends in international markets and how one can utilise them appropriately for better growth and visibility of the organisation.

Networking opportunities and alumni connection after pursuing MBA in International Business

If you are pursuing your MBA in the field of international business, it is extremely important that you maintain strong connections with your alumni network, as they will guide you on recent and emerging industry trends, refer you to great career opportunities, and support you throughout your MBA journey! We have mentioned some of the most effective ways in which you can leverage these connections:

• Attend networking events: Top business schools organise annual alumni meetings where the students can meet and greet their seniors who are already established or in the process of establishing themselves in their respective careers. These events can turn out to be a big deal for several attendees who are looking for an opportunity to connect with professionals from diverse fields. You can attend these events and also come prepared with your elevator pitch or business cards to pitch your ideas to the interested alumni.
• Join alumni associations: You can become an active member of alumni associations, which in turn will provide you access to a vast network of alumni who have graduated from your programme. As a member of these associations, you will not only organise the events but will also have access to career resources and mentoring opportunities.
• Social media engagement: Social media has immense power if used effectively in the right direction. You can use social media platforms such as LinkedIn, Instagram, etc. to connect with other professionals and alumni from your business school. You can also be a part of the alumni groups, follow your alumni in your respective field, and connect with those who share similar career goals or interests.

Ranking of colleges offering MBA in International Business in India and globally

JAIN’s CMS Business School is one of the leading B-Schools in India, offering qualitative learning to individuals who dream of becoming the future leaders of the corporate world. With a diverse and qualified empanelment of faculty members, internships, research initiatives, and other development programmes, CMS Business School has been able to foster the growth of MBA aspirants throughout the years by nurturing their creativity, innovation, and knack to make a difference in the global market.

The industry-led and customised MBA curriculum in International Business makes CMS the go-to stop for any individual who plans on becoming an international leader. According to the Times B School Ranking 2023,

• Jain (Deemed-to-be-University) CMS School has been ranked 10th among the top 100 B-Schools in India.
• Jain (Deemed-to-be-University) CMS School has been ranked 2nd among the top 20 B-Schools in South India.
• Jain (Deemed-to-be-University) CMS School has been ranked 2nd among the top 36 private universities.
• Jain (Deemed-to-be-University) CMS School has been ranked 15th among the top 50 placement institutes.
• Jain (Deemed-to-be-University) CMS School has been ranked between 76-100 by the National Institute of Ranking Framework, Ministry of HRD - Government of India.
• Jain (Deemed-to-be-University) CMS School has also been ranked 5th among the top private universities in India by India Today Magazine.

Wrapping it up

Pursuing a degree in international business does not need you to be in European or American nations, there are many top-grade colleges in India where you can pursue this course. Typically, MBA in International Business is an extensive two years course in International business that is comprised of a comprehensive combination of both theoretical and practical knowledge that helps students to gain acumen over workplace ethics as well as solve business challenges.

So, are you ready to take on new challenges and done unique leadership roles in international settings? If the answer is yes, then admissions for the MBA in International Business is calling for you!