MIB (Master in International Business) Admissions, Colleges,Syllabus, Books, Jobs and Scope 2020-21

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Lubaba Shaheen

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Masters in International Business or MIB is a 2-year post graduate program that trains and equips the candidate with all skills required to run a global business successfully. The MIB program aims to develop candidates into professionals who have the knowledge of the international business environment and can work there without lagging behind his/her counterparts.

The eligibility criteria for MIB course requires a candidate to have passed his/her graduation with a minimum of 50% aggregate in any stream or equivalent from a recognized university. The course is intended to provide young graduates and working professionals an opportunity for developing management skills to compete successfully in the global business environment.

Alert: AIMA has postponed MAT PBT and CBT mode to July 2 and July 4, 2020 respectively due to COVID-19 and extended lockdown

Admission to Masters in International Business is based on common entrance exams in most of the institutes, hence the candidate must appear in CAT/XAT/MAT/CMAT. On the basis of performance in the entrance test, Group Discussion, and Personal Interview, management institutes prepare a shortlist of candidates for admission.

MIB: Key Highlights

  • Course Level: Post Graduate
  • MIB Full form: Masters in International Business
  • Duration: 2 years
  • Minimum Eligibility: 50% marks in the Bachelor of Commerce undergraduate degree or equivalent qualification
  • Admission process: Mostly entrance exam based
  • MIB Entrance Exams: CAT/XAT/GMAT/MAT/CMAT
  • MIB Top Colleges: Department of Commerce, University of Delhi, Jamia Millia Islamia, IMS Noida, University of Rajasthan, University of Kota
  • Average Course fee: INR 60,000-15,00,000
  • Job Positions: Investment Banker, Global Business Manager, International Marketing Manager, International Finance Manager
  • MIB Future Scope: PhD in MIB

The fees of the course ranges from 40,000/- to 14,00,000/- depending on the type of college (public or private). The course can be undertaken through distance education as well.

Following are the top colleges providing MIB course in India:

College Name Admission Process Average Fees Average Placement Offer
Department of Commerce, University of Delhi CAT INR 15,696/- (per year) INR 9.5 LPA
Jamia Millia Islamia, New Delhi Entrance Exam INR 67,240/- INR 6 LPA
IMS Noida Joint Entrance Test (JET) INR 2,08,000/- INR 4 LPA
University of Rajasthan, Jaipur Entrance Test + academic record of qualifying exam INR 16,090/- INR 5 LPA
University of Kota, Rajasthan Merit based INR 12,000/- (per annum) INR 5 LPA

Career options are huge in the industry sector after pursuing Masters of International Business. Graduates can expect for a career in international trade and business, apart from running a business in export and import.

They can also find high paying jobs in MNCs and tech giants at managerial level in the following profiles such as business development manager, export managers and executives, international business consultants, international marketing manager etc.

The average salary in these roles range from INR 5 LPA to 16 LPA increasing with experience and expertise.

MIB Admission Process

MIB Admission Process

Admission to MIB course is based on the national MBA exams conducted every year. These include CAT/ XAT/ GMAT/MAT/CMAT. Institutes consider these marks of the candidates for shortlisting them and final selection is based on group discussions and Personal Interviews conducted by the college. Few colleges conduct their own Entrance Exams as well.

MIB Entrance Exams

Some institutes like Christ University, Bangalore consider CAT/XAT/GMAT/MAT/CMAT exams for shortlisting the candidates.

These exams generally consists of three sections:

  • Logical Reasoning
  • English
  • Quants

MIB Eligibility Criteria

Minimum eligibility criteria for Masters in International Business is:

  • The candidate must have passed Graduation with a minimum of 50% aggregate in any stream or equivalent from a recognized university
  • Candidates belonging to reserved category need a minimum of 45% aggregate marks
  • Candidates must appear in one or more of the following entrance examinations : CAT/ XAT/ GMAT/MAT/CMAT

MIB Entrance Exams

Some of the MIB entrance exams are:

  • CAT 2020: This is a national level test, conducted in the month of November for MBA admission to various colleges in India. This year IIM Indore is expected to conduct this exam
  • XAT 2021: This is a national level test, conducted for MBA admission in Xavier Institute. Other renowned colleges also accept the scores of XAT for shortlisting candidates for MIB
  • MAT 2020: This is a national level test, which is conducted four times in a year. Many national colleges consider its scores for shortlisting the candidates for GD/PI process
  • CMAT 2021: Conducted by the National Testing Agency (NTA), CMAT 2021 will be held in online mode at 245 exam centers in 104 cities across India. The exam will be conducted in online mode
Exam Name Application Period Exam Date Exam Mode
CAT 2020 Starts from August 2020 Likely in November Online
XAT 2021 Starts from August 2020 First Sunday of Jan 2021 Online
MAT 2020 Ends on 20th June 2020 June/July Remotely Proctored Internet Based Test (IBT)
CMAT 2020 Starts from November 2020 Last week of January 2021 Online

How to Prepare for MIB Entrance Exams

  • CAT/ XAT/ GMAT/MAT/CMAT entrance test usually consists of sections like logical reasoning, quants, and general knowledge including current affairs
  • For scoring in current affairs, reading the newspaper daily would help you prepare for this section in the best way. The habit of reading the newspaper daily will also help you at the time of personal interview and group discussions
  • Candidates should practice solving problems related to the above topics either from books or online
  • Candidates should solve previous years’ papers to get a knack of paper pattern.
  • Candidates while solving previous years’ papers solve them in a timed manner so that they get a practice to solve it in time.

How to get Admission in Top MIB Colleges?

Candidates should keep the following things in mind to get an admission in a good Master in International Business college:

  • Candidates should perform exceptionally well in the entrance exams of CAT/ XAT/ GMAT/MAT/CMAT since they are shortlisted on the basis of the exams
  • Candidates should develop a habit of reading newspapers in order to strengthen their general knowledge and current affairs acumen
  • Candidates must be updated with the deadlines of filling the application forms of the entrance exams and colleges through websites, newspapers and magazines
  • Practice previous years papers to improve your time management skills at the time of entrance exams
MIB: What is it All About?

MIB: What is it All About?

Check the mentioned below points to know more about MIB course details:

  • MIB full form is Master in International Business. It is a postgraduate course in International Business. This program is a professional degree that prepares individuals to serve as managers.
  • The course duration is two years divided into four semesters. It can be pursued either full-time or part-time through correspondence or distance education, depending on student’s preference
  • The Master in International Business or MIB course focuses on strategic planning for international operations and provides an in-depth understanding of the organizational capabilities required for international operations, including specialized functions such as international marketing, finance and human resource management. Master in international business degrees also include classes that address topics such as imports and exports and intercultural communication.
  • MIB focuses on the identification and management of challenges arising from planning, controlling and coordinating business activities on an international scale.
  • The MIB courses such as foreign languages, trade finance & forex risk management, foreign trade policy and export management, make this program truly unique and raise it to the level of international status.
MIB Topics of study

MIB Course Highlights

Course Level Post Graduate
Full form Master of International Business (MIB)
Duration 2 years
Examination type Semester
Eligibility 50% marks in the Bachelor of Commerce undergraduate degree or equivalent qualification
Admission process Entrance exam based
Course fee INR 60,000-15,00,000
Average Salary INR 5 to 16 LPA
Top Recruiting Companies Abbot, Ernst & Young, HCL, Bharti Airtel, Citi Bank, RBS, Reckitt Benckiser
Job Positions Investment Banker, Global Business Manager, International Marketing Manager, International Finance Manager
Why Study MIB?

Why Study MIB?

Students can choose MIB due to it following advantages:

  • The program equips students with practical business knowledge with a focus on an international and cross-cultural understanding of the marketplace
  • Students can deepen their knowledge in areas ranging from humanitarian issues to security to corporate finance while expanding regional expertise
  • Candidates can find jobs in automobile companies, electronics and computer companies, consumer durables manufacturers and FMCG companies etc.) and Banks and securities firms, import/export companies, consulting businesses, Travel and tourism and hospitality sector, Foreign Direct Investment and economic development agencies
  • The course is uniquely positioned to develop your contextual intelligence by honing the ability to recognize the impact of politics, law, culture, and society on the world of business
MIB Vs MBA

MIB Course Comparison

Master in International Business Vs MBA

MIB is Master in International Business and MBA is Masters of Business Administration. Both these courses have their own specializations and subjects. Below are the major points of difference in them:

Parameters MIB MBA
Full Form Master in International Business Master of Business Administration
Type Academic Degree Professional degree
Domain International Business Business Administration
Objective It focuses on strategic planning for international operations It is more focused on developing business and technical knowledge among students
Examination type Semester Semester/Trimester
Admission process Entrance exam Entrance Exam
Specialization None Marketing, Finance, Operations, Human Resources
Average Fees INR 60,000/- to INR 15,00,000/- INR 20,000/- to INR 20,00,000/-
Average Placement Package INR 10 LPA INR 15 LPA
Job Opportunities Investment Banker, Global Business Manager, International Marketing Manager, International Finance Manager Marketing manager, Financial manager, Human resources manager, Nonprofit director, Operations manager
MIB: Course comparison: Average Fees & Placement Package

Source: College Websites

MIB Top Colleges

MIB Top Colleges

Some of the top Master in International Business colleges in India are described in the table below:

College Name City Average Annual Fees
RVS College of Arts and Science Coimbatore INR 22,000/-
Jai Narayan Vyas University Jodhpur INR 20,000/-
International Maritime Academy Chennai INR 1,60,000/-
University of Rajasthan Rajasthan INR 16,090 /-
The Indian Institute of Business Management & Studies Mumbai INR 40,800/-
IMS Noida INR 2,08,000/-
Janardan Rai Nagar Rajasthan Udaipur INR 56,000/-
Dr GR Damodaran College of Science Coimbatore INR 1,00,000/-
Department of Commerce, University of Delhi Delhi INR 15,696/-

MIB College Comparison

Below table shows some of the major differences between top MIB colleges in India:

Parameter Department of Commerce Jamia Millia Islamia University of Kota
Overview The Department has the legitimate claim and pride of being the premier institution in India for course curriculum development, teaching and researches in Commerce discipline Jamia Millia Islamia strives to provide excellent teaching to our students and develop in each of them personal attributes critical to effective integration in today's global marketplace The University of Kota offers a number of Undergraduate, Postgraduate, M.Phil. and Ph.D. courses under a plethora of specializations.
Location New Delhi New Delhi Rajasthan
Rank 11 – NIRF 34 - NIRF 78 - NIRF
Annual Fees INR 9,000/- INR 33,170/- INR 12,000/-
Average Package INR 9.5 LPA INR 7 LPA INR 5 LPA
Placement Companies Hero MotoCorp, Bajaj Finserv, Oppo, Vardhman Group, Darashaw, GTPW, Oppo, Maruti Suzuki APL, Jindan Exports, Siemens, Maersk Logistics, American Express Bank, Gallup India Pvt Ltd., HSBC Genpact, ICICI Bank, SBI life
MIB College comparison: Course Fees & Placement Package

Source: College Websites

MIB Syllabus

MIB Syllabus

A detailed Master in International Business syllabus is mentioned below:

Semester I Semester II
Management Concepts and Organizational Behavior Accounting for Managerial Decisions
Business Environment Computer Application in Business
Managerial Economics Foreign Trade Policy
Statistical Analysis International Business Environment
Financial and Cost Accounting International Marketing
Marketing Management International Marketing Research
Financial Management Foreign Languages1
Semester III Semester IV
Operations Research Strategic Management
International Logistics Thrust 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 & Documentation International Finance
Training Report & Presentation Project Report and Viva-Voice

MIB Important Books

Important books for this course are:

Book Author
MBA Fundamentals International Business Paperback Rajesh Lyer
Leading with Cultural Intelligence: The Real Secret to Success Paul Polman
Global Tilt: Leading Your Business Through the Great Economic Power Shift Inge Thulin
The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing Michael J. Mauboussin
MIB Job Profiles and Career Prospects

MIB Job Profiles and Career Prospects

Masters in International Business graduates have a vast opportunity in the present market. Career options after this course are immense. MIB degree holders are frequently required because of increasing globalization and the growing number of businesses that are at present competing on the international stage.

A student having a degree in MIB can be a part of private and government sectors. This specialization provides the great opportunity to work in a global market and across the world.

Some of the job options are mentioned below:

Job Position Job Description Average Annual Salary
Export managers and executives To find international buyers for their product manufactures domestically INR 6,50,000
International Business Consultant To advise and assist a business in international deals INR 8,00,000
International Finance Manager Handling critical fronts of a business, like fundraising, risk minimization, understanding international trends and forecasting, etc. INR 7,50,000
Global Business Manager To ensure efficiency of the business overseas and the inflow of revenue is healthy and constant. He/she also ensure that the business remains in competition INR 5,00,000
Investment Banker Assisting the firm in financial transactions. To look at structuring an acquisition, merger, or sale for a client. The role also includes issuing securities for raising money for business and doing all the detailed paper work for it INR 11,00,000
International Marketing Manager Finding buyers and markets overseas; ensuring that the business is being run as per the latest market trends and developing products to satisfy consumer’s demand INR 9,00,000

MIB Salary Trends

Source: Payscale

MIB Scope

Many candidates opt for further education like Ph.D and go ahead in the teaching line. PhD can be pursued by appearing in NET-UGC exam.

Phd in International Business: To pursue doctoral degree, a candidate must possess a post-graduation degree from a recognized university or college in the similar domain. Thereafter appear for the entrance exam of NET UGC or the respective university or institute that conducts Ph.D in International Business.

MIB FAQs

FAQs

Ques. What is the length of the course MIB?

Ans. The MIB is a course of 2 years of duration. This two year course is divided into semesters of six months. Hence there are 4 semesters.

Ques. How does the admission take place in the Master of International Business course?

Ans. For admission to MIB courses, most of the colleges consider the scores obtained in CAT/ XAT/ MAT/ CMAT. Post shortlisting the candidates through these entrance exams, the colleges conducts their own group discussions and personal interviews for the final selection of the candidates

Ques. What is the basic eligibility of the candidates to pursue Masters in International Business?

Ans. For gaining admission in a college for MIB course, the candidates should be a graduate with at least 50% aggregate marks.

Ques. What are the modes of taking up a MIB course?

Ans. Candidates can either take up a full-time MIB course from a college or a part-time distance education course. This is very helpful for working professionals as they can upgrade their skills along with working in corporate.

Ques. What are the job avenues after completing the MIB course?

Ans. There are several job opportunities after completing the MIB course. Some of them includes working as Investment Banker, Global Business Manager, International Marketing Manager, International Finance Manager

Ques. Can I grab an international opportunity after completing the Masters of International Business course?

Ans. Yes. There’s a lot of scope to grab an international opportunity after completing the MIB course. Since the course involves studying about global markets, and at a time of immense globalization, there are a lot of opportunities for the graduates.

Ques. What is the average package that a graduate can expect after this course?

Ans. The average package ranges from 5 LPA to 16 LPA.

Ques. What are some of the top colleges in India that offer MIB courses?

Ans. UPES, Dehradun, Christ University, Bangalore, BHU, Varanasi, Jamia Millia Islamia, New Delhi, IIFT Delhi are some of the top colleges that offer Master of International Business as a course.

Ques. What is the average fee for the course Master of International Business?

Ans. The fee ranges from INR 60,000-15 LPA depending on the college.

Ques. What are the skillsets required for the MIB course?

Ans. The skill sets required are:

  • Business aptitude
  • Excellent communication skills
  • Leadership qualities
  • Strong analytical skills
  • Strong logical reasoning ability
  • Ability to work in a team
  • Ability to work under pressure
  • Willingness to learn
  • Interest in international trade

Master in International Business [MIB] : 3 answered questions

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Ques. Is it worth to do MBA in international business from SIIB Pune?

● Top Answer By Sabeer Chalana on 05 Sept 20

Ans. SIIB Pune is one of the top MBA schools in India. It was ranked 43 for MBA by India Today in 2019. MBA in international business is the flagship program of SIIB. The MBA in international business prepares students for domestic as well as business markets on a global scale. The table below contains the program highlights of MBA-IB. Intake 120 Course fee INR 15.76 lakhs Course Duration 2 years Selection SNAP score, Group Exercise (GE), Personal Interview (PI), Written Ability Test (WAT) Placement Percentage 100% Highest Salary Package (Domestic) INR 17 LPA Highest Salary Package (International) INR 62.85 LPA Average Salary Package INR 10.78 LPA Median Salary Package INR 10.93 LPA Recruiting Companies Airtel, HDFC Life, Tata Motors, Accenture, KPMG, ICICI Bank, etcRead more
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Ques. Which one should I choose from KJ Somaiya- FS, Fore IB and PGDM in GLIM, Gurgaon?

● Top Answer By Meghdeepa Mondal on 04 Sept 20

Ans. Between KJ Somaiya- FS, FORE IB, and PGDM in GLIM, Gurgaon which one you should choose depends on your perspective and expectation from the MBA degree. Given below is a brief discussion on the programs maintained in the question. KJ Somaiya: KJ Somaiya is considered one of the best MBA institutions. Situated in the finance capital of the country, Mumbai, KJ Somaiya offers excellent placements in the Finance domain. Admission: Students are shortlisted for admission into the MBA in Financial Services program based on their CAT, XAT, CMAT, or GMAT score and the final selection is based on their performance in Group Discussion and Personal Interview. The total course fee is 14.93 lakhs. Placements: According to the placement statistics of 2020, around97% of students have secured job opportunities. The highest and average salary packages of the institute are 28.50 LPA and 10.08 LPA respectively. The recruiting companies are - Johnson & Johnson, AT&T, Intel, Microsoft, Godrej, etc. Banking & Insurance (31%) and Finance Services (16%) are the top sectors in which students get employed. FORE School of Management - PGDM IB (International Business Management) is a 2 year full time course which aims at preparing students to take up careers in corporate houses and family businesses engaged in International Business Operations. It provides management education in the context of the global business environment. Admission: The prerequisite to take admission to the PGDM IM program is at least 50% in graduation and valid CAT/XAT/GMAT score. The total course fee is 15.9 lakhs. Placements: Major recruiters at the 2019 placement were Asian Paints, HUL, ITC, Nivea, Philips Lighting, Deloitte, Vivo, HSBC, Schneider electric, etc. The BFSI (Banking, Financial Services, and Insurance) sector made the highest offers with a total of 38% offers. The average salary package offered was around 10.8 LPA. Great Lakes Institute of Management, Gurgaon - It is one of the top 5 emerging MBA colleges in Delhi NCR. Admission: For taking admissiona candidate should have a minimum of 50% in their graduation and a valid CAT, GMAT, XAT or CMAT. Placements: The PGDM batch has a 100% placement record. The leading recruiters are Aditya Birla, Axis Bank, Deloitte, Federal Bank, Gartner, Hexaware, ICICI bank, KPMG, NIIT Technologies, SecureNow, etc. The highest and average salary package offered at the institute is respectively 13.6 LPA and 9.15 LPA. BFSI was the top sector with a 41 % placement rate.Read more
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Ques. Which is better for an MBA in international business, Delhi School of Economics or IIFT?

● Top Answer By Sugandhi Sood on 14 Aug 20

Ans. IIFT being an old institute has gained its reputation over the years as one of the premier institutes of management in India. As a result, IIFT has been performing exceptionally well as compared to DSE in terms of its reach, peer group, and placements. The following are a few significant factors that you should know before choosing a B-School. Peer Group- International Business is a niche course not offered by old IIMs. Hence, it makes students interested in it to go for IIFT, eventually making the entrance exam of IIFT quite competitive. DSE, on the other hand, takes admission through CAT and is more often gets at much lower percentiles. Hence, the Peer group at IIFT is much better when compared to DSE. Ranking -IIFT is ranked consistently among the top 10 B-Schools in India. Over the years, it has developed a brand value for itself compared to DSE, which has started IB just a few years back and is yet to prove its mettle. Infrastructure- In terms of infrastructure, IIFT is much better than DSE, as it has a big campus and above par hostels. It is a perfect place to enjoy your college life compared to DSE, which doesn’t have its campus and operates within Delhi University. Faculty- Faculty is at par for both the Institutes as DSE is known for its Economics courses. Hence it has well-reputed faculties, and so has IIFT. Placements- Average Salary for IIFT in 2018 was19.2 LPAand had been increasing at a decent pace over the years. DSE average placements in 2018 were8.25 LPA. FEEs- DSE gets an edge on this factor as DSE fees are 34000 for two years as compared to IIFT, which takes a hefty amount of 16 lakhs for two years. I hope it helps! Happy Reading!Read more
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Master in International Business [MIB] Fee Structure in India


10.21 K (Minimum Fee)PUBLIC COLLEGES1.20 L  (Maximum Fee)
56.89 K (Average Fee)
40.90 K (Minimum Fee)Private COLLEGES1.96 L (Maximum Fee)
1.24 L (Average Fee)

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8.8 /10

Admission :

This is a institution which encourages students to excel in their own interested field and gain exposure. There will be transparency in the admission process. Student who wishes to join should directly go to the office, get the application and During the result date the candidates should fill the application and Proceed witj the admission

College Events :

There are lot of events which brings out students talent such as Xfactor where student can perform their own special talents, there will be a calibre event where the Office bearer is selected and it will also have cultural part. Creative streaks is a other event where students can bring up their own idea and Display it.

Fee Structure And Facilities :

The fee structure will be first semester fees should be paid at the time of Admission and the second Semester and otjer semester fees will be collected once the semester gets started. There won’t be any additional fees, only the students who attend the training camp provided by the college has to pay for it.

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Remarks :

The college was managed by the govt of kerala and it had its merits and demerits in general apart from other such institutions our college was well managed by a group of well qualified faculties, Most of them were Ph.D Holders and were having industrial experiences so it helped us a lot.

Faculty :

Outstanding as they promoted self study and trail and error method rather than the intense spoon feeding done at other colleges which made us industry ready.

Course Curriculum Overview :

The course structure stood apart from other Management Degree and Focus was given for the International aspect of trade in general.

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