The eligibility criteria for admission to an MBA program in International Business include graduation in any subject with a minimum score of at least 50% or equivalent as a CGPA from any accredited university. Students are enrolled for admission based on exam scores of CAT, XAT, SNAP, MAT, GMAT, or university-based exams. The fees range from 0.46 lakhs to 25.00 lakhs for two years. The salary offered ranges from 8.00 LPA to 34.00 LPA.

Highlights

The table below mentions important details about the program, like duration, eligibility, fees of the course and the companies that are the top recruiters. Students interested in an MBA in International Business must read the table to learn the necessary details of this course.

What is an MBA in International Business?

A comprehensive study of global markets, cross-cultural management, and the dynamics of international business is conducted during the International Business program in India. The students studying this course will develop the skills and knowledge of establishing business across borders, with a focus on global markets, international finance, international economics and supply chain management. Professionals aspiring for leadership roles in multinational companies or aspiring to launch a startup on a global scale will benefit from this course. 

The curriculum for International Business courses in India combines theoretical and practical experience where students will gain expertise in managing diverse teams, making data-driven decisions in a global market and framing strategies to various cultural contexts. From a global perspective, this program enhances critical thinking and problem-solving skills. Prepares graduates to manage challenges like political risk, currency fluctuations and international regulations.

Why MBA in International Business 

The scope of an MBA in International Business is widening with the growing interdependence of global markets with national and local markets. The program teaches leadership skills for government organizations, consulting firms, global corporations and other international organizations. The graduates are prepared for fields such as finance, marketing, logistics, and supply chain management requiring skills encompassing strategic thinking, global market analysis, and understanding of cross-cultural communications. The students gain knowledge of international trade, geopolitical dynamics, and the rule of law, thus strengthening skills needed for overseas expansion. The MBA in International Business course in India provides expertise to handle and tackle global challenges like trade wars between countries and political instability. The diverse career trajectories with job profiles like senior management related to consultancy, export, import and international projects are offered degree.

The main highlights of this program are mentioned in the following bulletin points:

• It is a two-year program for students and professionals named as an MBA in International Business in an online medium.

• The eligibility criteria are the same as for the regular MBA course in most of the universities in India for International Business.

• However, the fees may vary from college to college but will be less than the regular course. 

Entrance Exam

In India, different national and state-level entrance examinations are conducted to get admission to top management colleges for an MBA degree in International Business.

These are as follows:

• CAT: CAT stands for Common Admission Test. It is one of the most popular entrance exams conducted every year in India for admission to Management colleges. Students aspiring to the top management colleges must get a high score in CAT. 

• MAT: MAT stands for Management Aptitude Test and is a standardized test is conducted every year since 1988 to facilitate Business Schools to screen candidates for admission to MBA and allied programs. 

• GMAT: The GMAT, which stands for Graduate Management Admission Test, is an online exam conducted every year by GMAC to qualify students for admission to MBA programs in universities in India and abroad. 

• CMAT: CMAT stands for Common Management Aptitude Test is a national-level examination conducted every year by the NTA ( National Test Agency) and is the second most common exam taken by students after CAT. 

• Some entrance exams are conducted on a university basis as some of the deemed private universities in India conduct their entrance exams to qualify students for admission such as SNAP and NMAT.

• XAT: The Xavier School of Management administers the XAT exam, which is open to final-year students and those with bachelor's degrees.

The criteria required for admission to the MBA in International Business  program are discussed as follows:

• Students must have a bachelor’s degree in any discipline from a recognised university with a passing percentage of 50% or equivalent CGPA. 

• For students under the reserved category ( OBC/SC/ST), 5% relaxation is offered from the mandatory passing percentage. 

• Students can apply in their final year after submitting a no-objection certificate from the principal. 

• A merit score of more than 60% is required for admission to top universities like IIMs and IITs. 

• Students must score well in the entrance exam if they aspire to be admitted to the top colleges. 

• Some colleges/universities demand at least one year of work experience, as it is important to understand management studies and individuals can acquire the skills faster. 

Admission Process

The steps that the admission process for an MBA in International Business includes are as follows:

• Students must fulfill the admission criteria which usually includes a bachelor’s degree with a minimum passing percentage of at least 50%. 

• Students need to meet the cutoff score of entrance exams like CAT, XAT, CMAT, SNAP, GMAT, and other private university-based examinations based on the requirements of different universities. Depending upon the cut-off or the entrance exam scores, admissions will be provided in this course.

• After meeting the minimum score requirement of respective universities, students appear for the group discussion and the personal interview round. These rounds are conducted to assess student’s communication skills and problem-solving abilities.  

• The final selection in the universities is based on the overall score that will be calculated depending on the entrance exam score, GD/PI performance, high school and class 12th marks and work experience. 

• The results of the entrance exam and interview determine who finally gets to join the MBA program in public policy. Colleges may have different degrees of importance assigned to the entrance exam and interview results.

MBA in International Business Management is a degree program where subjects such as International Financial System, Business Statistics and Research Methodology, Corporate Finance, Entrepreneurship and New Venture Planning etc. 

One can opt for professional courses like a Ph.D in International Business after securing a master’s degree in international business. This is optional as an MBA in International Business is a professional course that does not require any supplementation. One can work in India or abroad in any multinational company after acquiring this degree.  In addition, candidates can enroll in courses or programs that are sub-disciplines of the MBA in International Business if they want to expand their knowledge and expertise in a certain area. These include:

• International Trade: Professionals can study international trade courses which are designed to look for better opportunities or to start their import-export firms. The goal of International trade diploma courses in India is to equip aspirants with both theoretical and practical knowledge to start their export firms. Also, there are certification courses in International Trade management in India, which enables the students to understand the dynamics affecting the international marketplace from a real-world, customer-driven perspective.

• International Human Resource: HR professionals are in high demand since they use their abilities and skills to get the company the best employee chain. As human resources is a rapidly growing field, pursuing a career in it can lead to a variety of different work options. 

• International Marketing- Export-import companies, shipping companies, logistics companies, customs house agents, companies involved in foreign trade and other enterprises rely on international marketing. The course in International Marketing in India provides the coursework and methodologies for analyzing the main cultural and environmental characteristics of any global region. This program also focuses on the importance of demonstrating international marketing management from a perspective. 

• International Banking: Students in this program will be equipped with significant comprehensive knowledge and instruction in the global banking scenario and are prepared for employment in global banks. Business strategies and their efforts on global capital markets, and the application of advanced financial strategies will be the main subjects covered under this program. Students learn about financial markets and their effects on the global economy under this program.

India is home to more than 3500 MBA colleges catering to more than 3 Lakh students every year. Most MBA colleges are centered around big cities like Delhi, Mumbai, Bangalore, and Kolkata. Here is a list of top MBAs in International Business colleges in India with details regarding their fee structure, duration and average package of the program.

Colleges with specializations in PGP/MBA International  Business 

The colleges mentioned below are the top colleges for an MBA in International Business, according to the NIRF Ranking. The table includes government and private colleges. Government college includes IIT Bombay with a fee of ₹1.65 lakhs and an average package of ₹28 lakhs. The private colleges mentioned include FORE School of Management which has a fee of ₹20.77 Lakhs and offers an average package of ₹16.01 Lakhs per annum. These colleges offer a 2-year PGP/ MBA in International Business. It also highlights the fees and average packages of the respective colleges. 

Specialised MBA in International Business Colleges List

The colleges mentioned below are top private and government colleges, according to NIRF, that provide a specialized 2-year degree in MBA in International Business where the curriculum primarily focuses on International Business. The best government college is IIFT, Delhi which has a fee of ₹21.82 Lakhs and an average package of ₹27.3 Lakhs per annum. MDI-Management Development Institute, Gurgaon is the best private college in India for an MBA in International Business. It has a program fee of ₹29.58 Lakhs and an average package of ₹25.5 Lakhs per annum. The companies that offer placements are TATA Consultancy Services, Wipro, Reliance Industries and Mahindra. 

List of colleges in International Business- Other programs

The table mentions colleges that provide programs in International Business other than MBA and specialised MBA. The courses mentioned are Integrated programs, Dual country programs executive PhD, PhD and fellow programs in management. It shows the best private and public colleges providing these courses, according to the NIRF. Their fees and the duration of the program are also present in the table. It includes public institutes like IITs and Private institutes like IMT-Institute of Management Technology. 

Future Scope of MBA in International Business

The future of an individual with a postgraduate degree in international business is promising, driven by ongoing globalization, technological advancements and the shifting dynamics of global trade. Demand for professionals has increased due to the expansion into the new international markets. These professionals can handle and navigate the complex global trade landscape. With the geopolitical uncertainties, evolving trade agreements and the rise of emerging economies the need for experts in international business strategy is growing.  The 

With global supply chains, cross-border digital marketing, and multinational collaborations within the tech and innovation sectors needing executives who can handle these dynamics, the rapid digitization of industries and the growth of e-commerce also create new opportunities. Moreover, with businesses looking for leaders who can align business strategies with global sustainability goals, new prospects in international business are presented by the increasing focus on sustainability and corporate social responsibility on a global scale.

Most graduates of the MBA degree tend to view opportunities in consultancy, direct foreign investment, and new overseas companies as a result of rapidly growing entrepreneurship worldwide. The near future for international business graduate students is diverse, engaging, and full of promising opportunities for leadership and new ideas in many fields and industries as the world increasingly links economies through communication and trade.

Conclusion

Professionals graduating with a degree in International Business are equipped with skills and knowledge for tackling the difficulties of a globalized industry. It prepares students by developing proficiency in international strategy, global market analysis, and cross-cultural management, it positions them for leadership positions. It teaches them about the international market from a foundation to an expert level. The need for experts who can oversee global operations, reduce risks, and seize new possibilities will only increase as companies continue to grow internationally. An MBA in International Business is a potent tool for anyone hoping to succeed in the linked world of global trade because of its wide breadth and exciting job opportunities.