Master of International Business (MIB) Top Colleges, Syllabus, Duration, Salary

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Sakshi Gupta

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Master of International Business (MIB) is a 2-year postgraduate degree program, the minimum eligibility is bachelor’s degree from a recognized college or its equivalent exam. Admission to Master of International Business (MIB) is depending upon the premise of candidate’s performance in a relevant entrance exam, and ensuing round of counseling.

Some of the entrance exams for Master of International Business (MIB) that are designed for admission into top colleges include:

Some of the top colleges and institutes which provide admission to Master of International Business (MIB) are as follows:

The average tuition fee charged for the course in India ranges between INR 5,000 to 15 lacs, for a span of 2 years.

Master of International Business (MIB) is a postgraduate Business Study program. International Business concentrates on the identification and management of challenges arising from planning, controlling and coordinating business activities on an international scale. The International Business 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. Programme grooms working managers and executives for careers of increased responsibility with a focus on diversity and multicultural concerns, International relations and business strategies sensitive to international issues. Candidates have many options after completing it.

The program equips candidates with practical business knowledge with a focus on the international and cross-cultural understanding of the marketplace. Candidates 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.

Master of International Business (MIB) postgraduates are hired in capacities such as Business Development Manager, International Business Developer, Business Development Specialist, International Business Developer Executive, Business Development Executive, International Business Consultants, and Teacher & Lecturer etc. A fresh candidate in this field can get the initial salary offered range from INR 3 to 18 Lacs per annum. Salary can be increased as per the skills, experience and company reputation.

Master of International Business (MIB): Course Highlights

Given below are some of the main highlights of the course:

Course Level Post Graduation
Duration of the Course 2 years
Examination Type Semester and Annual
Eligibility Graduation
Admission Process Entrance exam and Merit Based
Average Course Fee INR 5,000 to 15 Lacs
Average Starting Salary INR 3 to18 Lacs
Top Recruiting Companies McKinsey & Company, Boston Consulting Group, Bain & Company, Merrill Lynch & Co, Deloitte Consulting LLP, Lehman Brothers, JP Morgan Chase & Co, Goldman, Sachs & Co, Citi, Booz & Company, Accenture, Johnson & Johnson, Credit Suisse, Deutsche Bank, Morgan Stanley, UBS, Bank of America, Microsoft Corporation etc.
Top Job Areas Research & Educational Institutes, Finance Sector, Marketing Areas, Trade Companies, Banking Sector etc.
Top Job Positions Business Development Manager, International Business Developer, Business Development Specialist, International Business Developer Executive, Business Development Executive, International Business Consultants, Teacher & Lecturer etc.

Master of International Business (MIB): What is it all about?

Master of International Business (MIB) is a graduate degree in international business that gives business professionals insights and skills necessary for understanding and engaging with the global economy. The degree often entails studying international entities like multinational corporations, multiple economic systems, and often elements of cultural studies.

Most graduate programs in international business are relatively short, lasting one to two years for full-time candidates and two to four years for part-time candidates. Some programs offer a range of fundamental business courses as part of their training, while others require that applicants have taken these courses before enrolling.

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, a candidate can develop a brief understanding of the basic concepts of global business. 

Knowledge gained from Master of International Business (MIB) course will provide graduates with the skills to lead their companies through the internationalization process. The course is also relevant for those who seek career advancement in the 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.

Master of International Business (MIB): Top Institutes 

Given below are some of the top institutes in India that offer the course.

NAME OF INSTITUTE CITY AVERAGE ANNUAL FEES
Janardan Rai Nagar Rajasthan Vidyapeeth University Udaipur INR 43,500
Jai Narain Vyas University Jodhpur INR 60,000
ICFAI Business School Hyderabad INR 6,25,000
Thiagarajar School of Management Madurai INR 2,95,000
University of Rajasthan Jaipur INR 8,05,000
Dr GR Damodaran College of Science Coimbatore INR 20,500
RVS College of Arts and Science Coimbatore INR 40,000
Madhya Pradesh Bhoj University Bhopal INR 13,900
Government Ramnarayan Chellaram College of Commerce and Management Bangalore INR 24,400
Indian School of Business Management and Administration Hyderabad INR 29,900
Institute of Business Management and Technology Bangalore INR 3,25,000

Master of International Business (MIB): Eligibility 

An undergraduate degree in any field with at least 50% marks. It, however, helps if candidates are from the commerce stream. Admissions to the top colleges are through entrance tests like CAT, MAT, etc.

Master of International Business (MIB): Admission Process

For Admission to Master of International Business, candidates will have to appear in any one or more of the nationally conducted entrance exams. On the basis of performance in the entrance test, Group Discussion, and Personal Interview, management institutes prepare a shortlist of candidates for admission. Some weight is also given to marks scored in Higher Secondary and Graduation level examination.

Following are a few entrance tests that are conducted by some of the Master of International Business colleges in India:

Master of International Business (MIB): Syllabus and Course Description

A semester- wise break up of the course’s syllabus is tabulated below.

Semester I Semester II
Management Concepts and Organisational Behaviour Operations Research for Business Decision
Business Statistics Managerial Finance
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
Semester III 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 Report

Master of International Business (MIB): Career Prospects

International business is a lucrative field and opens up good many employment avenues in multinational companies, businesses, foreign investing firms, international organizations, government bodies and others. Candidates have a range of specializations where candidates can make the decent mark. A few such fields are international marketing, finance, banking, human resource management and business development.

A slew of government jobs is there for the asking in different departments concerning foreign trade. After gaining some years of experience in the 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.

Related Master of International Business (MIB) courses

Read more about Masters in Management courses

Master of International Business (MIB annual salary
JOB POSITION JOB DESCRIPTION AVERAGE ANNUAL SALARY
Business Development Manager Business Development Manager is responsible to identify sales leads and pitch goods or services to new customers and maintain a decent working relationship with new customers. INR 5 to 6 Lacs
International Business Developer A Business Developer is responsible to increase a company's profits by attracting new clients and by enhancing the speed of existing customers. INR 8 to 9 Lacs
Business Development Specialists Business Development Specialists are in charge of developing effective business plans for their organization. INR 3 to 4 Lacs
Business Development Executive Business Development Executive is responsible to assist their organizations to acquire new clients and sell extra products or services to existing ones. INR 2 to 3 Lacs
International Business Consultants International Business Consultants are responsible to provide information and suggestions to various companies related to business. INR 7 to 8 Lacs

Master of 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 of International Business [MIB] Colleges IN INDIA

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Seshadripuram College
Bangalore, Karnataka
36 K first year fees
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3.96 L first year fees
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18 K first year fees
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45 K first year fees
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5.49 L Total fees
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