MBA (Master of Business Administration) in International Business Abroad, Colleges Abroad, Cut-off

What to know about MBA in International Business Abroad?

MBA is one of the most popular professional programs for Indian students pursuing higher education in India and abroad. An MBA in International Business degree is usually earned in two years, but also can be completed in one year by accelerated programs.

MBA in International Business program is also known as an MBA in International Management course abroad and is one of the sub-sector programs of Business management.

The course primarily focuses on providing information about the global economy and developing one’s managerial skills along with communication skills.

The MBA in International Business Abroad program is available as a 1 year (full time) or 2 years (part-time) for international students and provides an insight into international business management and the global economy.

MBA in International Business Abroad course fees can be quite expensive and can range from 22,440 USD to 50,000 USD depending on the country you are studying in. Applicants can apply for scholarships and even take the help of student loans to experience higher education abroad.

Masters in International Business Management Abroad: Eligibility

MBA aspirants should be aware of the admission requirements before enrolling themselves in any B school abroad. GMAC (Graduate Management Admission Council) states that on an average 29,000-30,000 Indian students take the GRE, GMAT tests, out of which nearly 80% apply to study abroad programs.

The basic eligibility requirements for admission in an MBA in International Business program abroad are as follows:

A 3 years Bachelor’s degree certificate from a relevant university.
GMAT or GRE score (only a few colleges accept the GRE scores).
English proficiency scores, TOEFL, or IELTS or PBT scores are required.
CV/Resume.

Which are the MBA International Business Abroad Colleges?

Students should be very specific with their choice before enrolling into a college. An array of parameters such as the college brand reputation, global rankings, infrastructure, placement statistics, and alumni feedback needs to be taken into consideration before selection of college.

There many business colleges abroad that deal with MBA International Business, top-ranked colleges along with country and GMAT scores are mentioned below:

QS Rankings	Institutes	Country	Required GMAT Score
1	INSEAD	Singapore	704
2	Harvard Business School	USA	730
3	The Wharton School	USA	725
4	London Business School	UK	698
5	IE Business School	Spain	680
6	Thunderbird School of Management	USA	618
7	Stanford Graduate School of Business	USA	729
8	Marshall School of Business	USA	700
9	Judge Business School	UK	680
10	Chicago Booth	UK	715

What are the Career Prospects after MBA in International Business Abroad?

An MBA in International Business is ideal for those looking to understand and practice business management on the global level. The program helps develop one’s managerial skills providing an individual with a broad understanding related to business and finance analysis, along with guiding an individual to deal with customers, providing the study of business-specific markets that are dealt on a large scale.

International Business Management job responsibilities include controlling business management tasks under various job titles. Some of the job profiles and their pay scales are tabulated below.

Job Profile	Average Salary	Job Growth
Risk Management Director	119,471 USD	7%
International Financial Management	127,990 USD	19%
Real Estate Development Manager	95,831 USD	8%
Marketing and Sales Director	75,808 USD	7%
Government Affairs Director	98,112 USD	7%
Business Development Manager	51,381 USD	9%
International Marketing Manager	134,290 USD	10%
Translator/Interpreter	49,930 USD	18%
Budget Analyst	75,699 USD	7%

MBA in International Business Salary Trends

Source: U.S. Bureau of Labor Statistics' 2018-19 and Payscale

Graduation with an MBA in International Business specialization from abroad is a career-changing event that can drastically increase your chance for promotions on the global front. Business Insider states that graduating from B-schools like the Booth, Olin, Warwick, Foster, Scheller, Darden, Wharton, have job placement rates over 95%. MBA graduates with a few years of experience can opt for upper level management job choices with lucrative pay.

FAQs

Ques. What are the main concepts in the MBA in International Business syllabus?

Ans. The course teaches you the structure of the business, operations in the business, specific guidelines for different businesses, dealing with international trade rules and Law, best international practices in business, global sourcing, and how to do business in a cross-cultural setting.

Ques. Which is the best and cheapest country to study MBA in International Business?

Ans. Germany is the cheapest country with respect to higher studies. It has more than 40 ranked universities and 9 in the top 100 of the Times Higher Education World University Rankings 2016-2017. Even though the cost of living is higher in Germany than in other countries i.e., nearly 12,000 USD annually, the tuition fee being approximately 9,000 USD still balances this out to a great extent.

Ques. How long are the MBA International Business programs?

Ans. The MBA International Business degrees are for two years if opted in the regular program. The courses can be pursued in the accelerated, executive or online programs. The accelerated program takes the least time i.e, 18 months to complete the degree, the executive program takes more than three years whereas the online program is a self-paced program allowing the students to take as much time as they need to complete their degree.

Master of Business Administration [MBA] (International Business) : 3 answered questions

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

● Top Answer By Ravi Shankar Singh on 16 Feb 23

Ans. Pursuing an MBA in International Business from SIIB Pune is a worthwhile investment. The institution is considered the second best option after IIFT, New Delhi, and offers a high-quality education with a diverse peer group coming from various backgrounds and parts of the country. International Business courses are particularly valuable as they prepare students for the global nature of business today. With the increasing interconnectivity of the business world, all corporations require a global presence. Therefore, it is recommended to consider SIIB Pune as an institution for MBA in International Business.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 Jayant Thakur on 27 Feb 23

Ans. It's important to research the institution's alum base, the profiles offered during placement, the corporate competitions won by the business school, and the brands that frequently visit for recruitment when you are considering a suitable college for an MBA in international business. In terms of IIFT, it is considered a niche college for international business. However, it's important to keep in mind that the competition for admission is very tough compared to the Delhi School of Economics. It's important to keep in mind that DSE and IIFT are not in the same league. It's important for you to conduct your research and weigh your options before making a decision.Read 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 Suprakash Mitra 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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