What is an MBA in International Business?

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December 6, 2007

The MBA in International Business is measured as an attractive career option by many management students because of the attractive career opportunities it offers. It gives special training to students in a variety of aspects of international business such as:

(1). Foreign Exchange Management which deals with money exchange, fluctuation in currency rates and also how to guard against foreign exchange rate fluctuations.

(2). International Finance which contract with raising Capital from International Markets

(3). International Logistics which deals with the sharing network for making the goods reach from the country of production to the foreign country.

(4). Export and Import Management in which rules, events and documentation occupied in exports and imports.

(5). International Marketing in which the student is taught the various methods of approaching customers in foreign nation to obtain orders from them.

The MBA in International Business gives a strong base in general management subjects and all the basic district of international business during the first year. In the second year the students choose their specialization in areas of Marketing, Finance, Supply chain management etc with special importance on the International Business perspective.

Basically, an MBA in International Business is equivalent to a normal MBA with added inputs on fundamental theories and areas of International Business. The students specialize in the usual functional areas of Marketing, Finance, Supply Chain Management etc, but the courses have special importance on the International Business perspective.

Actually, with globalization and increasing competition from MNC’s and foreign competitors, all MBA’s today must be uncovered to the worldwide environment. Even domestic companies will insist on MBA’s having knowledge on the International Business situation.

Vocation Opportunities for MBA’s in International Business:

MBA’s students have very good placement opportunities in the following areas due to the specialized training conventional by them:

(1). In Export/Import departments of Engineering & FMCG companies.

(2).In worldwide shipping companies

(3). In International logistics and Courier companies (DHL ,Excel Logistics)

(4).In Consultancy firms (Mc Kinsey, Price Waterhouse)

(5). International Marketing Departments of Companies having exports aboard (Automobile companies such as Tata Motors, Hyundai Motors etc).

(6). International placements in company offices abroad (MNC’s such as (Proctor & Gamble, Nestle etc).

(7). In Travel houses & Tourism sector.(Thomas Cook)

A fresh graduate is usually recruited as a management trainee and a salary offered to a graduate in International Business Management from a reputed institute ranges between Rs. 3 lakhs to Rs. 8 lakhs per annum. For global Placement the income know how to be up to 11 lakhs per annum and the corporate, while hire, and obviously give preference to International Business graduates for overseas postings.

Institutes offering MBA in International Business

The more reputed institutes offering a degree in International Business normally have a two year full time residential course for the same.

A student be supposed to choose a reputed Institute on the basis of Good Infrastructure, Faculty experienced in global Business, well prepared library with sufficient no of books, CD‘s on International industry, and higher than all an excellent placements track record.

Some of the reputed Institutes offering an MBA in International Business are:

(1). Fortune Institute of International Business, New Delhi

(2). GITAM Institute of Foreign Trade, Vishakpatnam

(3). Indian Institute of Foreign Trade, Delhi

(4). Symbiosis Institute of International Business, Pune (formerly called Symbiosis Institute of Foreign Trade)

Separately from these there are several other institutes offering an MBA in International business. These should be warily evaluated and students should be careful to keep away as of institutes not having a good previous track record as such organization do not have the necessary infrastructure for teaching global Business and also cannot give assignment.

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