MIB Course: Admission 2024, Fees, Eligibility, Top Colleges, Career & Placement
Update on 13 Sep, 2024
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MIB Course: It stands for Master of International Business. MIB Course is a 2-year postgraduate business study course that is specifically designed to develop students capabilities and resources in the global economy.
The course is for those who are seeking to establish or accelerate a career in international business. The MIB Course mainly focuses on the identification and management challenges that are arising mainly from planning, organizing, staffing, directing, and controlling (POSDC) business activities.
To apply for the MIB Course, Candidate will require to have a Bachelor’s Degree from any recognized university. The admission in the MIB Course depends upon the premise of applicant performance in a relevant entrance exam, and the ensuing round of counseling.
MIB Course Highlights
| Degree | Masters |
| Full-Form | Masters of International Business |
| Duration | 2 Years |
| Eligibility | Graduation in Commerce |
| Age | No age limit |
| Minimum Percentage | 50% |
| Stream | Commerce |
| Admission Process | Entrance Examination and Merit-based |
| Examination Type | Semester and Annual |
| Average Fees Incurred | NR 5,000 to 15 Lacs |
| Similar Options of Study | MBA (International Business) |
| Average Salary Offered | INR 7.13 Lakh Per Annum |
| Employment Roles | Business Development, Operations Manager, Manager, Marketing Manager, Area Sales Manager, Business Development Executive, Business Analyst, Senior Business Development Manager |
| Top Job Position | Business Development Manager, Business Developer, Business Development Specialist, International Business Developer Executive, Business Development Executive, International Business Consultants, Teacher & Lecturer, etc |
| Placement Opportunities | Tata Consultancy Services, Wipro, HCL, Accenture, Standard Chartered Bank, Ericsson, Citibank. |
MIB Course Details:
The international business courses such as foreign languages, trade finance & forex risk management, foreign trade policy, and export management make the MIB Course a truly unique program and also raise it to the level of international status.
Candidates who are willing to make their career in the field of business including trade finance and export management can go for this course as this course equips the student with practical business knowledge along with a focus on international and cross-cultural understanding of the marketplace.
The Admission to Master of International Business MIB course depends upon the premise of a candidate’s performance in an entrance exam conducted by various universities, and the ensuing round of counseling.
About MIB Course:
The Masters of International Business (MIB Course) is a 2 years master program that is designed in such a way so that it can develop the capabilities and resources of the managers in the global economy.
The MIB Course is highly fragile and completely devoted to the studies and researches that are related to the field of International Business. The candidates can opt for the course once they have completed their bachelor's in Commerce with a minimum aggregate of 50% marks.
The MIB Course basically focuses on the strategic planning required for international operations and provides an in-depth understanding of the organizational capabilities required for international operations.
These international operations include specialized functions such as international marketing, finance, and human resource management. In this course, candidates will also be able to learn imports and exports and intercultural communication.
MIB Course Eligibility Criteria:
For applicants who are willing to apply for the MIB Course, it is a must for them to have a thorough knowledge of the Masters of International Business Course Eligibility Criteria.
If the applicant knows the MIB Course then it will become easier for them to whether they are eligible for the post or not. Down below the MIB Course Eligibility Criteria is given along with the percentage of marks a candidate needs to acquire to become eligible for the course. Have a look at it:
- A candidate must have a degree of Bachelor of Commerce with a minimum aggregate of 50% in the corresponding subjects of the former degree.
- The candidate also has to pass his/her high school and intermediate with a minimum aggregate of 50% in the former subjects from a recognized board/University.
- Some universities/institutes also conduct entrance examinations for admission.
- Some of the entrance exams that are conducted by the Top Colleges in India for getting admission in the MIB Course are:
- Common Aptitude Test (CAT)
- Management Aptitude Test (MAT)
- Xavier Aptitude Test (XAT)
- Symbiosis National Aptitude Test (SNAP)
MIB Course Admission:
- Generally, most of the universities/colleges/institutes tend to conduct their own entrance exam to get Admission to MIB Courses.
- Some universities also consider marks of the CAT and MAT to get Admission to MIB Course.
- Candidates who are willing to take Admission in MIB Course can download the application/admission form of the particular university from which you wanted to do this course.
- Candidates should make sure that they submit the admission forms before the deadline fixed by the administration of the college.
- For getting Admission to MIB Course, applicants will have to appear in any one or more of the nationally conducted entrance exams like CAT, MAT, XAT, etc.
- On the basis of the performance of the candidate in the entrance test, Group Discussion, and Personal Interview, the institutes prepare a shortlist of candidates for Admission to MIB Course. Some weight is also given to marks scored in Higher Secondary and Graduation level examination by the applicants.
Down below the Process of Getting Admission to the MIB Course is given. Go through it:
- Interested Candidates can obtain Application forms from the Admission Offices of the different universities that are providing Admission in the MIB Course.
- Applicants can also fill the online inquiry form by visiting the official website of the universities.
- The application will be shortlisted by the authorities of the institutes on the basis of marks obtained in graduation and entrance exams by the appearing candidates.
Management Degree Courses |
|
| BBA Course | MBA Course |
| BBA+MBA Course | B.Tech+MBA Course |
| BMS Course | BBM Course |
| MCM Course | MHA Course |
| MIB Course | MAM Course |
| MMM Course | MMS Course |
| MTM Course | Distance MBA Course |
| PGDM Course | Business & Management Course |
Documents Required for Admission to MIB Course:
To get Admission to MIB Course some of the institutes/universities/colleges require documents for verification and for the admission process. Down below the documents which are required during the Admission in MIB Course are given. Have a look:
- Photocopy of X, XII, and Graduation mark sheets along With the Originals
- Photocopy of Passing Certificate of Graduation along With the Originals
- Photocopy of the Migration Certificate attested with Original
- 4 recent Passport size photographs are required
- If there is a gap in graduation then a gap year certificate is required
MIB Course Fees:
The average MIB Course Fees in the various universities of India ranges between INR 33,000 to INR 7.5 Lakhs for each year. However, the MIB Course Fees differ according to the university a candidate chose for itself. Masters in International Business MIB Course Scope:
- MIB Course Scope is that it equips the applicants with practical business knowledge with a focus on international and cross-cultural
- Candidates who are interested in further higher studies for them the MIB Course resulted in a very good match
- After the completion of the MIB, Course candidates can also go into the teaching line if interested
MIB Course Syllabus:-
The MIB Course syllabus is divided into four semesters with two semesters in the first year and the other one in the second year. The MIB Course syllabus varies as per the different colleges and universities. The common MIB Course syllabus in most universities and colleges is given below. Go through it:
| 1st Semester | 2nd Semester |
| Management concepts and organizational behavior | Accounting and Managerial Decisions |
| Business Environment | Computer Application in Business |
| Managerial Economics | Foreign Trade Policy |
| Statistical Analysis | International Business Environment |
| Financial Cost and Accounting | International Marketing |
| Marketing Management | International Marketing Research |
| Financial Management | Foreign Languages 1 |
| 3rd Semester | 4th Semester |
| Operational Research | Strategic Management |
| International Logistics | Thrusts Products and Markets |
| Foreign Languages 2 | International Management |
| Services Marketing and Customer Relationship Management | Internet and Web Designing |
| E-Commerce | International Business Laws and Taxation |
| Export-Import Procedure and Documentation | International Finance |
| Training Report and Presentation | Project Report and Viva-Voice |
Top Colleges/Universities for Master of International Business (MIB)
| 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 |
After MIB Course Career Prospects:
International business is a lucrative field that 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 a 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 the World Bank, the International Monetary Fund (IMF), the 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 MIB:
- Microsoft Corporation
- Bank of America
- Accenture
- Johnson & Johnson
- Morgan Stanley
- Boston Consulting Group
- McKinsey & Company
- Deutsche Bank
- Citi Bank
- Bain & Company
After MIB Course Salary Package:
After completing a Master of International Business, the annual salary is expected to be 7.13 Lakh per annum(approx). The field in which aspirants can get a job is an international marketing, finance, banking, human resource management, and business development.
Down below the Job Position, along with the salary description is given. This table will give you an idea of the annual salary of people in the different job positions:
| Job Position | Job Description | Average Annual Salary in INR |
| Business Development Manager | This position holder is responsible for building market position by locating, developing, defining, and business relationships of the concerned organization with other organizations. | 5.63 Lacs |
| International Business Developer | This position holder is responsible for developing, maintaining, and regulating the company’s foreign different business profile. This position holder may or may not include the responsibility of international sales, cultural marketing, and/or overseas manufacturing. | 9 Lacs |
| Management Analyst | This position holder is responsible for conducting:organizational studies and evaluations, develop systems and procedures, administrate and conduct work simplification and measurement studies, | 10 Lacs |
| Sales Manager | This position holder is responsible for the leading team setting goals, motivating, and assist create training opportunities. They seek to work with high-profile customers and determine ways to improve the sales process of the organization. | 9.97 Lacs |
| International Trader | This position holder is responsible for coordinating the financial and credit transactions in the import/export of the sales operations. Along with this he/she also acts as an advisor on foreign regulations, matters of tariffs, global market, etc. | 9.5 Lacs |
| Finance Controller | This position holder is responsible for the accounting operations of the company which includes the:production of financial reports, set budgets,maintain accounting records, etc. | 12.78 Lacs |
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