An MBA in International Business in India is a postgraduate management program that focuses on preparing students for careers in the global business environment. This specialized MBA program equips students with the knowledge and skills required to navigate the complexities of international trade, global markets, and multinational corporations. Many MBA programs in International Business in India emphasize providing students with global exposure through international exchange programs, internships with multinational companies, and cross-cultural experiences. This exposure is valuable for building a global mindset and networking with professionals worldwide.
MBA in International Business in India
Scope of MBA in International Business in India
Studying MBA in International Business in India offers numerous opportunities and a wide scope for a rewarding career. Following are several aspects to consider regarding the scope of studying MBA in International Business in India:
1. Global Business Management:
- International Corporations: You can work for multinational corporations and manage their global operations.
- Market Entry Strategies: Learn how to enter new markets, assess market potential, and formulate market entry strategies for businesses.
2. Export and Import Management:
- Export-Import Firms: Work for companies specializing in international trade, managing the export and import of goods and services.
- Trade Compliance: Understand international trade laws and regulations, ensuring companies adhere to them in their global transactions.
3. International Marketing:
- Global Marketing: Specialize in international marketing strategies, including market research, product adaptation, and global branding.
- Digital Marketing: Learn digital marketing techniques for reaching global audiences and promoting products and services internationally.
4. Global Supply Chain Management:
- Logistics and Supply Chain Firms: Work for logistics companies or supply chain management firms, optimizing the movement of goods and information across international borders.
- Warehousing and Distribution: Manage global warehouses and distribution centers for multinational corporations.
5. Foreign Direct Investment (FDI) and Joint Ventures:
- Investment Firms: Work for firms dealing with foreign investments, mergers, acquisitions, and joint ventures.
- Business Development: Explore roles in business development, scouting for international investment opportunities.
6. International Financial Management:
- International Banks: Work for international branches of banks, managing international transactions, foreign exchange, and global investments.
- Financial Consultancies: Provide financial consultancy services to businesses engaging in global financial transactions.
7. International Human Resource Management:
- Multinational Companies: Manage HR operations for multinational corporations, dealing with diverse workforces and international assignments.
- Cross-Cultural Training: Specialize in providing cross-cultural training to employees of international companies.
8. Government and Trade Bodies:
- Government Agencies: Work in government organizations related to international trade and commerce, contributing to policy-making and trade regulations.
- Trade Promotion Councils: Contribute to promoting exports and international trade on behalf of the government.
9. Consulting Firms:
- International Business Consultancies: Work for consulting firms that specialize in international business strategies, helping companies expand globally.
- Market Research Firms: Conduct market research for international companies, providing insights for their global strategies.
10. Entrepreneurship and Global Startups:
- Global Startups: Start your own business, leveraging your international business knowledge to create ventures in import-export, international e-commerce, or global consulting.
- Import-Export Business: Start a business specializing in importing or exporting specific goods, serving a niche global market.
11. Research and Academia:
- Research Institutes: Work in research institutions focusing on international trade, global economics, or cross-cultural studies.
- Teaching and Training: Teach international business courses in universities and business schools, shaping the next generation of international business professionals.
Challenges and Considerations:
- Dynamic Global Environment: The global business landscape is constantly evolving. Keeping up with changing international regulations and market trends is crucial.
- Cross-Cultural Challenges: Dealing with diverse cultures and languages requires strong interpersonal skills and cultural sensitivity.
- Risk Management: International businesses are exposed to various risks, such as political instability, currency fluctuations, and legal complexities. Skilled risk management is essential.
In summary, an MBA in International Business in India offers a broad scope, providing opportunities in diverse sectors. Graduates with a keen interest in global markets, a willingness to adapt, and a strategic mindset can find rewarding careers in various roles and industries both within India and on the global stage.
Types of MBA International Business Study Options
There are several modes to Study MBA for an Aspiring Candidate. The Following are the Types of MBA in International Business Options Available.
Features: Full-time MBA programs are intensive and immersive, hence providing a comprehensive curriculum. Students attend classes on campus, participate in group projects, and often have access to internships also. This mode is suitable for individuals looking for a traditional MBA experience basically without the constraints of a job.
Eligibility: 50% marks in graduation basically from Recognize University along with valid Entrance Exam.
Duration: 2 Years.
Fee Structure: Rs 2.0 Lacs – 18 Lacs.
Features: Part-time MBA programs are for working professionals. Classes are often scheduled during the evenings or on weekends, allowing students to continue working while pursuing their Masters degree. This mode is ideal for those who want to balance work, life, and education as a result.
Eligibility: Basically a Graduate along with Minimum 2-3 years work experience.
Duration: 2-3 Years.
Fee Structure: Rs 2.5 Lacs – 8 Lacs.
Executive MBA (EMBA)
Features: EMBA programs are tailored particularly for experienced professionals, usually with a minimum number of years of work experience (varies by program). Classes are usually on weekends or in intensive modules, allowing executives to continue their careers while enhancing their leadership and managerial skills. EMBA programs often emphasize real-world applications and case studies.
Eligibility: Graduate with Basically Minimum 2-3 years work experience.
Duration: 1-2 Years.
Fee Structure: Rs 3.5 Lacs – 10 Lacs.
Distance Learning MBA
Features: Distance learning MBA programs are basically off campus Studies. Hence provide course materials to students, who study independently. All Communication with instructors and peers is primarily through mail, email, or online forums. Additionally Examinations are conducted at designated centers. Therefore, this mode is suitable for individuals who require complete flexibility and cannot attend regular classes.
Eligibility: Basically a Graduate from any Discipline from an UGC Approved University.
Duration: 2-3 Years.
Fee Structure: Rs 1.0 Lacs – 3.0 Lacs
Dual MBA Programs
Features: Dual MBA programs allow students to earn two degrees simultaneously, often in collaboration with international universities. Having Credit transfer facility in 2nd year in choice of University Abroad. Also in different disciplines such as MBA/MS or MBA/MPH or PGDM/MBA. Hence these programs are more specialized and can provide a broader skill set along with Practical Exposure.
Eligibility: 50% marks in graduation basically from a Recognize University along with valid Entrance Exam.
Duration: 2 Years.
Fee Structure: Rs 10. Lacs – 30 Lacs.
Features: Online MBA programs are entirely taught over the internet. However, students can access lectures, assignments, and resources remotely, allowing for a flexible study schedule. This mode is suitable for individuals who require the flexibility to study from anywhere, often while working full-time or managing other commitments.
Eligibility: Graduate basically from Any Recognize University.
Duration: Minimum 2 years, Maximum 4 years from the date of registration.
Fee Structure: Rs 1.0 Lacs – 2.5 Lacs
Features: Accelerated MBA programs are also known as fast-track or one-year MBA programs. Moreover these programs are highly intensive, condensing the traditional two-year curriculum into a shorter timeframe. Hence. These programs are demanding and require full-time commitment, making them suitable for individuals who want to complete their MBA quickly. Also the students in accelerated MBA programs typically take a heavier course load each semester and may have limited breaks between terms.
Eligibility: Basically a Graduate along with Minimum 2-3 years work experience
Duration: 1 year.
Fee Structure: Rs 2.0 Lacs – 8 Lacs.
MBA International Business Eligibility in India
The following are the basic eligibility criteria for Securing admissions to the MBA International Business course are:
- Bachelor’s Degree: Applicant require to have a bachelor’s degree in any discipline from a recognize university or college from Either India or Abroad.
- Minimum Percentage: Many institutions require a minimum of 50 percentage or grade point average (GPA)equivalent in the undergraduate degree. The specific percentage or GPA requirement varies among institutions along with other Cut off Parameters.
- CAT/MAT/XAT/CMAT/ATMA/CUET: Most MBA programs in India require candidates to Either take one of the national-level management entrance exams or State level Entrance, National levels such as CAT (Common Admission Test), MAT (Management Aptitude Test), XAT (Xavier Aptitude Test), or CMAT (Common Management Admission Test). State level such as PGCET, MHCET, IPCET. Hence, different institutions may accept different exams, Also most of all Colleges have different Cutoff for Admission in MBA International Business.
- Minimum Percentile/Score: Basically the Institutions usually have a minimum percentile or score Cut off requirement in these entrance exams for candidates to be eligible for admission. The minimum percentile/score varies by institution and can be different for each category of students also (General, SC/ST/OBC, etc.).
Work Experience (Varies):
- Some MBA programs may require work experience: While many MBA programs accept fresh graduates, some institutes, especially for executive MBA programs, Therefore require a minimum number of years of work experience, often ranging from 1 to 5 years.
- Indian institutions follow the government’s reservation policy, which includes quotas for different Category Students. Such as Schedule-Castes (SC/ST), Other Backward-Classes (OBC), Economically Weaker Sections (EWS), and other categories. Although Candidates belonging to these categories Usually have specific relaxations in eligibility criteria also. Minimum 5% Relaxation in Graduation percentage and varied Entrance Exam Cutoff are usually Given depending upon the Institute.
Personal Interview and Group Discussion:
- Most of all institutions conduct stringent personal interviews and/or group discussions as part of the selection process. Therefore, the performance in these sessions is often considered while making final admission decisions by the Institute Admission Panel.
Statement of Purpose (SOP) or Essays:
SOP or Essays: Many a Times Applicants are often require to write a Statement of Purpose (SOP) or essays. Hence Explaining their motivation for pursuing an MBA, career goals, and why they are interested in the specific MBA program they are applying to.
List of Top MBA Colleges in India for MBA International Business
India is home to several prestigious MBA colleges that offer specialize programs in International Business. However, the ranking of these colleges can vary on different surveys and criteria. so it’s always a good idea to research and consider multiple sources before making a decision. Following are some of the top MBA colleges in India known for their International Business programs:
- Indian Institute of Management Ahmedabad (IIMA) – Ahmedabad
- Indian Institute of Management Bangalore (IIMB) – Bangalore
- Indian Institute of Management Calcutta (IIMC) – Kolkata
- XLRI – Xavier School of Management – Jamshedpur
- Indian School of Business (ISB) – Hyderabad and Mohali
- SP Jain Institute of Management and Research (SPJIMR) – Mumbai
- Indian Institute of Management Lucknow (IIML) – Lucknow
- Indian Institute of Management Indore (IIMI) – Indore
- Faculty of Management Studies (FMS), University of Delhi – Delhi
- Symbiosis Institute of Business Management (SIBM) – Pune
- Jamnalal Bajaj Institute of Management Studies (JBIMS) – Mumbai
- Management Development Institute (MDI) – Gurgaon
- Indian Institute of Management Mumbai (IIMB)- Mumbai
- Xavier Institute of Management Bhubaneswar (XIMB) – Bhubaneswar
- Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay – Mumbai
- Tata Institute of Social Sciences (TISS) – Mumbai
- International Management Institute (IMI) – Delhi
- Narsee Monjee Institute of Management Studies (NMIMS) – Mumbai
- Institute of Management Technology (IMT) – Ghaziabad
- K.J. Somaiya Institute of Management Studies and Research – Mumbai
Job Profiles From MBA in International Business
Pursuing an MBA in International Business in India opens up a wide range of job opportunities in diverse sectors. Following are several job profiles that graduates with an MBA in International Business can explore in India:
1. International Business Development Manager:
- Identify and explore international business opportunities.
- Develop strategies to expand the company’s global presence.
- Manage relationships with international clients and partners.
2. International Marketing Manager:
- Plan and execute marketing campaigns for global markets.
- Conduct market research and analyze trends in international markets.
- Develop pricing and promotional strategies for international products/services.
3. Export Manager:
- Manage the export process, including documentation, logistics, and compliance.
- Identify potential export markets and establish relationships with international distributors.
- Ensure compliance with international trade laws and regulations.
4. Import Manager:
- Oversee the import process, including sourcing suppliers, negotiation, and procurement.
- Ensure timely and cost-effective import of goods and materials.
- Manage relationships with international suppliers and negotiate contracts.
5. Global Supply Chain Manager:
- Optimize the supply chain network for international operations.
- Manage logistics, inventory, and distribution on a global scale.
- Collaborate with suppliers and partners to enhance supply chain efficiency.
6. International Trade Analyst:
- Analyze global trade data, tariffs, and trade policies.
- Provide insights and recommendations for businesses engaged in international trade.
- Stay updated with international trade regulations and market trends.
7. Cross-Cultural Trainer:
- Provide training to employees on cross-cultural communication and etiquette.
- Prepare employees for international assignments and collaborations.
- Foster cultural understanding within multinational organizations.
8. Global Project Manager:
- Manage international projects, coordinating activities across different countries and cultures.
- Ensure projects are completed within budget and on schedule.
- Oversee cross-border project teams and resolve international project challenges.
9. International Business Consultant:
- Offer consultancy services to businesses aiming to expand globally.
- Provide strategic advice on market entry, expansion, and global business operations.
- Assist companies in navigating international regulations and cultural nuances.
10. Foreign Trade Policy Analyst:
- Analyze government policies related to international trade.
- Provide recommendations to businesses and policymakers regarding trade policy advocacy.
- Stay updated with changes in trade policies and their impact on businesses.
11. Global Financial Analyst:
- Analyze international financial markets, currencies, and exchange rates.
- Evaluate the financial performance of international companies.
- Provide investment recommendations for global portfolios.
12. International Product Manager:
- Develop and launch products tailored to specific international markets.
- Collaborate with cross-functional teams to ensure product adaptation and localization.
- Monitor product performance in global markets and make strategic adjustments.
13. International Business Research Analyst:
- Conduct research on international market trends, consumer behavior, and competitive landscapes.
- Prepare market research reports and analyze data for business decision-making.
- Provide insights to businesses on global market opportunities and challenges.
14. Entrepreneur (International Trade):
- Start and manage your own international trade business.
- Import/export goods or services based on market demands and business opportunities.
- Navigate international regulations and build a global customer base.
15. Customs and Compliance Specialist:
- Ensure compliance with customs regulations and international trade laws.
- Handle customs documentation and clearance processes for imports and exports.
- Advise businesses on tariff classifications and duty optimization strategies.
16. International Relations Manager:
- Foster relationships with foreign governments, trade associations, and international organizations.
- Represent the organization in international events, trade fairs, and diplomatic meetings.
- Facilitate collaborations and partnerships between domestic and international entities.
These job profiles highlight the diverse career opportunities available to MBA graduates specializing in International Business in India. Depending on personal interests, skills, and experiences, graduates can explore roles across industries, contributing to the global expansion and success of businesses.
MBA International Business Entrance Exams
In India, several national and state-level MBA entrance exams are conducted for admission to MBA programs, including for MBA in International Business. Therefore these exams are widely accepted by various business schools across the country (India). Following are some of the prominent Mandatory MBA entrance exams in India:
National Level MBA Entrance Exams:
- Common Admission Test (CAT):
- Conducted by: Indian Institutes of Management (IIMs).
- CAT is basically one of the most popular and competitive MBA entrance exams in India, accepted by numerous top-tier business schools.
- Management Aptitude Test (MAT):
- Conducted by: All India Management Association (AIMA).
- MAT is conducted four times a year and is also accepted by a wide range of management institutes across India.
- Xavier Aptitude Test (XAT):
- Conducted by: XLRI Xavier School of Management, Jamshedpur.
- XAT is also accepted by more than 150 B-schools in India and is known for its rigorous examination pattern.
- Common Management Admission Test (CMAT):
- Conducted basically by: National Testing Agency (NTA).
- CMAT is accepted specifically by AICTE-approved institutions and universities across India. Whereas, MBA institutes of national importance in India does not accept CMAT Scores.
- Graduate Management Admission Test (GMAT)
- Conducted by: Graduate Management Aptitude Council (GMAC).
- In India, more than 400+ business schools offering MBA/PGDM accept GMAT results. Subsequently, these include the Most prominent B Schools like the Indian School of Business, IIM Ahmedabad, IIM Bangalore, IIM Calcutta, and the Institute of Management Technology (IMT), among others.
- Common University Entrance Test (CUET)
- Conducted by: National Testing Agency (NTA).
- The CUET exam scores are accepted by around 197 CUET PG participating universities for admission to different postgraduate programs including MBA.
- Narsee Monjee Management Aptitude Test (NMAT)
- Conducted basically by: Graduate Management Aptitude Council (GMAC).
- NMAT exam results are accepted by some of the leading MBA universities for flagship and specialized programs because it is an independent and reputable exam.
State-Level MBA Entrance Exams:
- MAH CET (Maharashtra Common Entrance Test):
- Conducted basically by: State Common Entrance Test Cell, Maharashtra.
- MAH CET is the entrance exam for various management institutes in Maharashtra.
- TANCET (Tamil Nadu Common Entrance Test):
- Conducted basically by: Anna University, Tamil Nadu.
- TANCET is accepted by several colleges in Tamil Nadu for their MBA programs.
- APICET (Andhra Pradesh Integrated Common Entrance Test):
- Conducted basically by: Sri Krishnadevaraya University, Anantapur, on behalf of Andhra Pradesh State Council of Higher Education (APSCHE).
- APICET is for admission into MBA programs in Andhra Pradesh.
- KMAT (Karnataka Management Aptitude Test):
- Conducted by: Karnataka Private Post Graduate Colleges Association (KPPGCA)
- KMAT is accepted by more than 169 B-schools across Karnataka.
- OJEE MBA (Odisha Joint Entrance Examination for MBA):
- Conducted basically by: Odisha State Government.
- OJEE MBA is the entrance exam for MBA programs in Odisha.
- UPSEE MBA (Uttar Pradesh State Entrance Examination for MBA):
- Conducted basically by: Dr. A.P.J. Abdul Kalam Technical University, Uttar Pradesh
- UPSEE MBA is for admission to MBA programs in colleges affiliated with AKTU, Lucknow.
Salary Ranges in MBA International Business
The salary package for professionals with an MBA in International Business in India can vary widely depending on several factors, including the individual’s experience, the specific industry, the location of the job, and the reputation of the business school from which they graduated. Additionally, Average package tend to be higher in metropolitan cities like Mumbai, Delhi, Bangalore, and Hyderabad due to the higher cost of living and increased demand for international business professionals in these regions.
Following are some general salary ranges for different job profiles in the field of international business in India:
International Marketing Managers
- The salary for international marketing managers can range from ₹6 lakhs to ₹15 lakhs per annum or more, depending on factors such as experience, the industry, and the size of the company.
- Average package for export-import managers typically range from ₹5 lakhs to ₹12 lakhs per annum, with variations based on the complexity and volume of international trade operations they oversee.
International Business Consultants
- Average package for international business consultants vary based on experience and the size of the consulting firm. Entry-level consultants might earn ₹6 lakhs to ₹12 lakhs per annum, while experienced consultants can earn significantly more.
Global E-commerce Managers
- Global e-commerce managers can earn Average package ranging from ₹6 lakhs to ₹18 lakhs per annum or more, depending on the size and success of the e-commerce operations they oversee.
Salary Potential in MBA International Business in India
Average package for MBA graduates in International Business in India can vary widely based on several factors such as the level of experience, the reputation of the business school, job role, location, and the specific industry. Following are an overview of the salary potential for MBA graduates in International Business in India at different experience levels:
Entry-Level (0-2 years of experience):
- International Business Analyst: ₹3-6 lakhs per annum
- Export-Import Coordinator: ₹3-6 lakhs per annum
- International Marketing Executive: ₹3-6 lakhs per annum
Mid-Level (2-5 years of experience):
- International Business Manager: ₹6-12 lakhs per annum
- Export-Import Manager: ₹6-12 lakhs per annum
- International Marketing Manager: ₹6-12 lakhs per annum
Senior-Level (5+ years of experience):
- Senior International Business Manager: ₹12-20 lakhs per annum
- Senior Export-Import Manager: ₹12-20 lakhs per annum
- Senior International Marketing Manager: ₹12-20 lakhs per annum
- Bonuses and Perks: In addition to the base salary, professionals in international business roles may receive performance bonuses, especially if their job roles are linked to revenue generation or successful market expansions.
- Industry and Location: Average package can significantly vary based on the industry. For instance, working in sectors like manufacturing, pharmaceuticals, or IT may offer different salary scales. Additionally, metropolitan cities like Mumbai, Delhi, and Bangalore generally offer higher Average package compared to smaller cities due to the higher cost of living.
- Specializations and Certifications: Specializing in niche areas within international business (like global supply chain management or international finance) or having relevant certifications can also impact salary potential positively.
- Global Experience: Candidates with international work experience or exposure, especially in reputable multinational companies, may command higher Average package due to their global perspective and understanding of international markets.
- Continuous Learning: Keeping skills updated through certifications, workshops, and additional training can open avenues for higher-paying roles and promotions.
Please note that these figures are approximate and can vary based on market demand, economic conditions, and other factors. It’s advisable for individuals to research specific companies, industries, and regions to get the most accurate and up-to-date salary information. Additionally, networking and negotiating skills also play a role in determining the final salary package.
Major Recruiters of MBA International Business
MBA graduates in International Business in India are sought after by a wide range of companies and also organizations that engage in global business activities. Networking, internships, and campus placements through MBA program can be valuable in connecting with these recruiters and therefore securing job opportunities in international business.
Multinational Corporations (MNCs):
- Large MNCs with global operations often recruit MBA graduates in International Business for roles such as international marketing managers, global supply chain managers, and also international business development managers. Examples include companies like Procter & Gamble, Unilever, Nestlé, and IBM.
- Organizations involved in export-import operations look for professionals with knowledge of international trade regulations and logistics. Basically this includes shipping companies, trading houses, and export-import departments of manufacturing firms.
E-commerce and Tech Companies:
- With the growth of global e-commerce, companies like Amazon, Flipkart, and PayPal hire MBA graduates for roles in international market expansion, cross-border logistics, and also global payment solutions.
Automobile and Manufacturing Companies:
- Companies in the automotive and manufacturing sectors, such as Tata Motors, Mahindra & Mahindra, and Larsen & Toubro, seek international business professionals for global sourcing, international operations, and also business development roles.
Logistics and Shipping Companies:
- Firms such as DHL, Maersk, and FedEx require professionals for global logistics management, international trade compliance, and also cross-border shipping.
- Emerging startups with global ambitions often seek MBA graduates in International Business to help them expand into international markets and also navigate the complexities of global business.
Studying for an MBA in International Business can offer several advantages in today’s globalized world. Following are strong reasons: Understanding Global Markets, Cultural Awareness, Skills Development, Networking Opportunities, Personal Development and also opportunities to work in Multinational Corporations (MNCs) and International NGO`s.
There are several core subjects that are commonly offered in MBA programs specializing in International Business. Following are the major subjects: International Marketing, International Trade and Economics, Global Supply Chain, International Finance, International Business Law, Export-Import Procedures and Documentation, Business Ethics and Corporate Social Responsibility, Foreign Language.
No, its one of the Easiest Subject to study. Its also one of the very interesting Subject. The Interest depends mainly on individual’s Academic background, aptitude, work ethic & Support System.
MBA International Business Vs MBA International Marketing.
MBA in International Business covers a wide range of topics related to global business, including international trade, global economics, cross-cultural management, international finance, supply chain management, and also international business law. Hence, this program often emphasizes the overall management and strategic aspects of conducting business on a global scale. whereas MBA in International Marketing specifically focuses on global marketing strategies, market analysis, branding, promotion, and product positioning in the international context.