Master of International Business (MIB) Course

Master of International Business (MIB) is a 2-year postgraduate business study course which mainly focuses on the identification and management challenges arising from planning, organizing, staffing, directing and controlling (POSDC) business activities. Masters of International Business is designed with the oversight of an industry advisory board to ensure students graduate with the skills required to have a successful business in both domestic and international environment.

The jobs for International Business graduates are not precise with any one sector, as the divergence and dynamic studies of the course will allow them to work in private as well as government sector. In order to obtain a graduate degree in international business, candidates will often take courses such as Global Strategic Management, Macroeconomics, International Finance, International Marketing, Global Supply Chain Management, or International Law. After the successful completion of the Master of International Business (MIB) program, the candidate can develop a brief understanding of basic concepts of global business.

Knowledge gained from Master of International Business (MIB) course will provide applicants with the skills to lead their companies through the globalisation process. The course is also relevant for those who seek career headway in public, inter-governmental and non-profit sectors, and others who wish to extend their skills in the analysis and interpretation of the global business environment.

MIB Highlights

Degree

Masters

Full Form

Masters of International Business

Duration

2 Years

Age

No age limit

Minimum Percentage

50%

Stream

Commerce

Average Fees Incurred

INR 46,000 - 1.44 L per annum

Similar Options of Study

MBA (International Business)

Average Salary Offered

INR 7.13 L per annum

Employment Roles

Business Development, Operations Manager, Manager, Marketing Manager, Area Sales Manager, Business Development Executive, Business Analyst, Senior Business Development Manager

Placement Opportunities

Tata Consultancy Services, Wipro, HCL, Accenture, Standard Chartered Bank, Ericsson, Citibank 

Why Choose Master of International Business?

MIB provides diverse job opportunities in both governments as well as private sector. Masters of International Business is the most reputed and finest profession. After completing masters, professionals can opt for some of the lucrative job offers in International firms which completely focus on trading and logistics management.

Eligibility Criteria for Master of International Business

The applicant must have a degree of Bachelor of Commerce or any other equivalent bachelor degree in any field with minimum 50% in the corresponding subjects of the former degree.

(A Bachelor of Commerce is an undergraduate degree in commerce and related subjects, usually awarded in Canada, Australia, India, Ireland, New Zealand, Pakistan, South Africa and other countries).

Applicant also has to pass his/her (10+2) Secondary and Higher Secondary schooling with a minimum of 50% in the former subjects from a recognized board.

Admissions Procedure for Master of International Business:

For Admission in Master of International Business, most universities/colleges conduct entrance exams on their own whereas some universities consider the marks of CAT and MAT for the admission criteria.

On the basis of performance in the entrance test, Group Discussion, and Personal Interview, management institutes prepare a shortlist of candidates for admission. Some sway is also given to marks scored in Higher Secondary and Graduation level examination.

Some of the entrance exams are:-
  • Common Aptitude Test (CAT)
  • Management Aptitude Test (MAT)
  • Xavier Aptitude Test(XAT)
  • Symbiosis National Aptitude Test(SNAP)
Top Colleges for pursuing Masters of International Business

S.No

College Name

Annual fees Incurred

1

RVS College of Arts and Science (RVSCAS), Coimbatore

INR 40,000

2

Jai Narain Vyas University, Jodhpur

INR 60,000

3

Thiagarajar School of Management, Madurai

INR 2,95,000

4

University of Rajasthan (UR), Jaipur

INR 8,05,000

5

Janardan Rai Nagar Rajasthan Vidyapeeth University, Udaipur

INR 43,500

6

ICFAI Business School, Hyderabad

INR 6,25,000

7

Institute of Business Management and Technology, Bangalore

INR 3,25,000

8

Madhya Pradesh Bhoj University, Bhopal

INR 13,900

9

Institute of Business Management and Technology, Bangalore

INR 3,25,000

10

Indian School of Business Management and Administration, Hyderabad

INR 29,900

Syllabus and Subjects for Masters of International Business:-

Masters of International Business is a 2-year course divided into 4 semesters.  Subjects on the basis of different semesters are classified as following;

(First Year)

FIRST YEAR: Semester I

FIRST YEAR: Semester II

Management Concepts and Organisational Behaviour

Operations Research for Business Decision

Business Statistics

Business Statistics

Economics for Managers

International Marketing

Accounting for Decision Making

International Trade Practices, Procedures and Documentation

Marketing Management

International Marketing Research

International Business Environment

International Financial System and Markets

International Trade and Policy Framework

Computer Applications in Business

(Second Year)

SECOND YEAR: Semester III

SECOND YEAR: Semester IV

International Management

Global Strategic Management

Services Marketing and Customer Relationship Management

Cross-Cultural Consumer and Industrial Buyer Behaviour

International Financial Management

International Human Resource Management

e-Commerce

International Advertising and Brand Management

Legal Dimensions of International Business

International Supply Chain Management and Logistics

Foreign Language for Business I

Foreign Language for Business II

Training Report

Project Work

Career Prospects:-

International business is a lucrative field which opens up numerous employment avenues in multinational companies, businesses, foreign investing firms, international organizations, government bodies and others. Candidates have a range of specializations where applicants can make the decent mark.

A slew of government jobs is there in different departments concerning foreign trade. After gaining some years of experience in this field, candidates can get employed in reputed international organizations like World Bank, International Monetary Fund (IMF), Asian Development Bank (ADB) and the different arms of the UN. Candidates can also try their own hand in international trade.

Employment Areas for Master of International Business [MIB]:-
  • Research & Educational Institutes
  • Finance Sector
  • Marketing Areas
  • Trade Companies
  • Banking Sector
Job Types for Master of International Business [MIB]:-
  • Business Development Manager
  • International Business Developer
  • Business Development Specialist
  • International Business Developer Executive
  • Business Development Executive
  • Teacher & Lecturer
Top Recruitment Companies for BIM:-
  • Microsoft Corporation
  • Bank of America
  • Accenture
  • Johnson & Johnson
  • Morgan Stanley
  • Boston Consulting Group
  • McKinsey & Company
  • Deutsche Bank
  • Citi Bank
  • Bain & Company
Salary Package

After completing Master of International Business, the annual salary is expected to be 7.13 Lakh per annum(approx). The field in which aspirants can get the job is international marketing, finance, banking, human resource management and business development.

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Date: 07 Jan 2019

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