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Career in International Business

Sep 6, 2018 15:01 IST

International Business

What is International Business all about?

Course in the domain of international business operations are aimed at enhancing the knowledge of the aspirants towards the economies of the world. In the age of globalisation, countries such as China, Japan and India and many others are linked with each other in terms of trade relations and monetary assistance. The core of international business course is to ensure that the candidate understand how economies are interdependent and interlinked with each other in today’s business environment.

Eligibility Criteria for Admission in International Business

It is one of the most important aspects that ascertain whether an aspirant can seek admission to a certain course or not. Let’s take look at the eligibility criteria of international business course at various levels.

Under-Graduate Degree

The undergraduate level course can be pursued after completion of 10+2 level irrespective of any stream. For pursuing undergraduate course in International Business, a candidate must score minimum 50 per cent aggregate marks in 10+2 level.

Post-graduate Degree

For postgraduate course, a candidate must possess graduation degree from a recognised university or college with minimum 50 percent aggregate marks in any discipline.

Doctoral Degree

To pursue doctoral degree, a candidate must possess post graduation degree from a recognised university or college in the similar domain. Thereafter appear for the entrance exam of the respective university or institute that conduct Ph.D. course in International Business.

International Business Entrance Exam

It is the basic level at which the aspirant is tested whether he/she is academically fit for pursuing the course. As International Business is also a professional course, hence, various universities and institutes have their own MBA entrance exams that ascertain the rank of an aspirant to seek admission. Let us find out popular entrance exams through which you can get admission to International Business courses:

Under-Graduate Degree

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

Post-graduate 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 Exam
  • Christ University Entrance Exam
  • Narsee Monjee Institute of Management Studies Entrance Exam

Courses in International Business

There are various courses in the field of international business that can be pursued after completion of 10+2 level. The courses aim to hone the know-how of the candidates towards the international business perspective in the current business scenario. Let us take a look at some of them:

Diploma

Diploma in International business is not available after 10th standard. 

Under-Graduate Degree

The undergraduate course is commonly known as B.B.A in International Business or B.B.M in International Business. The duration of under-graduate courses is 3 years.

Post-graduate Degree

At post graduate level, your international business course will be titled either as Master of Business Administration (MBA in IB) degree or Master of International Business (MIB). The duration of this course is 2 years.

Doctoral Degree

After completion of post graduate course, you can pursue Ph.D. in International business. Generally the duration of doctoral programme is 3-4 years or depending upon the university guidelines.

International Business Subjects and Syllabus

The modules that are taught under the domain of International Business aims to widen the thinking and analytical skills of the aspirants towards the global business environment. Here are few subjects that are taught to the International Business graduates across several universities and institutes:

International Supply Chain Management

The rationale for including this subject is to introduce International Business aspirants to issues such as international logistics (IL) and supply chain management (SCM) and to underline their strategic importance for the firms in international market.

International Marketing

This module aims to develop the understanding of the aspirants towards the marketing principles that applies to organisations having operations in more than one nation amid the tough competition with the foreign players. Issues such as relevance of advertising and branding in international markets are touched under this module.

Financial Derivatives and Risk Management

With the financial perspective, the study of derivatives can be used either for enabling the aspirants understand how to manage risk in the international market.

Financing of International Trade

This subject is the backbone of International Trade as it throws light upon the concepts, theories and various avenues from where international trade and finance is managed and sourced.

Foreign Language for Business Language is the prime barrier when it comes to International Trade and Business. Hence, every university or institute gives a choice to the aspirants to shortlist one specific foreign language such as French, Spanish, Mandarin etc in which they wish to gain expertise from business point of view.

Top International Business Colleges in India

As per the NIRF rankings, these are the top 10 institutes that you should aim for when planning to pursue a course in International Business.

S.no.

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 Labour Relations Institute

Jamshedpur

10

Management Development Institute

Gurgaon

NIRF rankings are released by Ministry of Human Resource Development (MHRD) every year to acknowledge the best institutes in the country.

Career in International Business

International Business is a prospering management field that will give you an opportunity to travel around the world and interact with client from all walks of life. This domain focuses on the cross-cultural aspects of management.

Job Opportunities for International Business

As an MBA in International Business and with required experience, you get work on the posts like:

  • Export managers and executives
  • Global Business Manager
  • International Business Development Manager
  • International Finance Manager
  • International Logistics Manager
  • International Business Development Manager
  • International Finance Manager
  • International Business Consultant
  • International Brand Manager

Top Recruiters for International Business

In the domain of International business, there are numerous established brands that offer bright opportunities to the aspirants. The questions remain as to which profile you are more interested to join and the designation that is offered by the recruiter during campus placements. So, here is a list of a few reputed brands that International Business graduates should look upon at the time of MBA placements:

  1. Wipro
  2. Bharti Airtel
  3. ICICI Bank
  4. Accenture
  5. TCS
  6. KPGM
  7. Amazon
  8. Goldman Sachs
  9. HSBC
  10. Cognizant
  11. Capgemini
  12. Deloitte

Salary after International Business

Specialising in International domain is quite rewarding at present. World is a global village and economies are open for trade relations and have developed cordial business terms. Thus, there are numerous opportunities for growth in this domain.

The growth in the salary is directly proportional to the experience that you will gain gradually in this field. Take a look at the salary prospects in the field of International business.

Years of Experience

Salary (in INR)

Less than a year (Freshers)

2-3 lakhs

1-4 years

3-6 lakhs

5-9 years

7-13 lakhs

10-20 years

<15 lakhs

Source: Payscale.com