PGP in International Business is a 1 to 2- year long, full- time, autonomous, industry- based postgraduate program that involves substantial project work in the curriculum. The program intends to develop in eligible students, competency in disciplines and skills associated with business strategy. It aims to provide adequate guidance to think through international business strategies with a global perspective.
Admission to the course is based on performance in a relevant entrance test specific to the concerned university, academic profile, and interview. The average tuition fee charged for this course in India ranges between INR 2 and 18 Lacs.
Successful postgraduates of PGP in International Business are lucratively hired in a range of related organizations such as Goldman Sachs, Deloitte, PricewaterhouseCoopers, Cognizant, and Amazon. They are hired in capacities such as Business Development Manager, International Marketing Manager, International Financial Analyst, International Product Manager and Procurement Manager in import- export houses etc.
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The average annual starting salary offered in the country to such postgraduates ranges generally between INR 4 and 20 Lacs, increasing with experience in the field.
PGP in International Business: Course Highlights
Tabulated below are some of the major highlights of the course.
|Course Level||Post Graduate|
|Duration||1 year/ 2 years|
|Examination Type||Semester System|
|Eligibility||Graduate in any discipline from a recognized university|
|Admission Process||Based on counselling after clearing Entrance Tests|
|Course Fee||INR 2 to 18 Lacs p.a.|
|Average Starting salary||INR 4 to 20 Lacs p.a.|
|Top recruiting companies||Goldman Sachs, Deloitte, Pricewaterhouse Coopers, Cognizant and Amazon etc.|
PGP in International Business: What is it About?
PGP in International Business has been designed to explore in detail the nature and implications of advancements and changes in the global business scene, and provide students with the requisite skills and mind-sets for operating effectively within existing and future organizations.
Students enrolled to the course are taught export- import policies, documentation, international finance, and functioning of various financial institutes and the banking sector. The program emphasizes contemporary issues such as international commercial law, business environment, India's foreign trade policies, nuances of international marketing, besides other intricacies of corporate management.
The course aims to equip existing and prospective managers with the necessary competency to formulate strategies in the ever- evolving global business scenario.
International Business examines the relationships between different countries and in the context of business. Enrolled students are trained to negotiate, strategize, and lead major companies. The curriculum is designed to build managerial skills, understanding of corporal initiatives, global economic, political, legal and cultural realities, and trans- geographical networks.
Marketing, Finance and Operations are three of the areas of focus in the course curriculum.
PGP in International Business: Who Should Opt?
The program is best suited for:
- Middle to senior level professionals who are in the key decision making roles in an organization.
- Organizations expanding/ planning to expand their operations to international markets. Entrepreneurs and professionals of these organizations are best suited for the program.
PGP in International Business: Top Institutes Offering the Course
Compiled here is a list of the top institutes in India offering the course along with their respective locations, minimum eligibility, and fees charged by each.
|Name of Institute||City||Course Length||Eligibility|| Average Fees|
|Symbiosis Centre for Distance Learning||Pune||2 years||Graduation||INR 25, 000|
|NIIT||Delhi||1 year||Graduation||INR 3.2 Lacs|
|IGNOU||Delhi||1 Year||Graduation||INR 9,000|
|AIMA||Delhi||2 years||Graduation||INR 26,000|
|MDI||Gurgaon||2 years||Graduation||INR 18 Lacs|
|Loyola Institute of Business Administration||Chennai||1 Year||Graduation|
|IMS||Jhansi||2 years||Graduation||INR 15,000|
|BIMTECH||Noida||2 Years||Graduation||INR 11 Lacs|
Eligibility for PGP in International Business
For applying to the course, aspiring candidates need to have a Bachelor’s degree in any discipline from a recognized/ accredited institute, although a Bachelor’s degree in International Business/ SAARC affairs is preferred.
Students who have appeared in their final year examination of a relevant Bachelor’s degree program, and are yet to pass its final year examination, are also welcome to apply, subject to a successful completion of their Bachelor’s degree program/ graduation within a certain time period.
Additionally, applicants need to be working professionals/ self- employed (with sufficient proof supporting the same). A minimum of 5 years of work experience after the completion of graduation is required.
Seats are reserved for SC/ ST/ PH/ OBC candidates as per Government of India rules applicable to those who fulfill the minimum eligibility criteria.
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PGP in International Business: Admission Process
Selection to the course is based on candidates’ performance in any of the relevant entrance exams held by the concerned university. The general process involves a pre- screening of the candidates based on their:
- Academic Profile (20%)
- Entrance Test (50%)
- Personal Interview (30%)
The question paper for the exam is QMR format- based, designed to test the student’s aptitude and logical reasoning. These examinations are generally conducted in the month of April.
The online test consists of the following components of assessment:
- Verbal Ability (30%),
- Data Interpretation and logical reasoning (30%)
- Quantitative Aptitude (30%),
- General Knowledge on Financial Markets (10%)
The online objective test lasts for 2 hours and carries a negative marking of 0.25 marks for every incorrect answer.
There are a few colleges in India which offer the option of lateral entry to the course on the basis of graduation completed with an adequate aggregate score.
PGP in International Business: Syllabus and Course Description
A semester- wise breakup of the course’s syllabus is given here.
|Principles and Practices of Management|
|International Business Management|
|Economic Environment and Business|
|Management Information Systems|
|Research Methodology and Statistical Quantitative Methods|
|International Commercial Law|
|International (Trade) Logistics|
|Financial Institutions and Banking|
|Foreign Exchange Management|
|Exim Policies and Procedures|
PGP in International Business: Career Prospects
With a current exponential increase in international trade, successful postgraduates of PGP in International Business are lucratively hired in both private and government organizations.
They are hired in departments such as Business Division, Import and Export, global logistics, shipping, airlines, global tourism, international consultancies, and international courier companies, manufacturing companies, banks, government agencies, financial institutions.
The discipline is a combination of segments such as marketing, documentation, shipping and packaging, pricing, sourcing, costing, distribution, market research, export finance and foreign exchange.
In the public sector, jobs are offered in organizations such as:
- State Trading Corporation
- Mineral Trading Corporation
- World Trade Organization
- United Nations Conference on Trade and Development
- International Monetary Fund
- World Bank
Postgraduates of PGP in International Business are hired in areas such as:
- Export- Import Management
- Brand Management
- Key Account Management
- Finance/forex Management
- Compliance Management
- Logistics Management
- Retail chains
- Shopping Malls
- Office Complexes
- Hospitality Chains
- BFSI Corporations
- Multinational Corporations
- Travel and Tourism
- Healthcare Sector
- Securities Firms
- Investment Companies.
Since most of the international trade is carried out through port and aviation, these professionals can find ample employment opportunities in airlines, cargo, and global shipping companies. Foreign direct investment and economic development agencies also hire these professionals. Moreover, they can also join travel, tourism, and hospitality sectors.
Some of the top recruiting firms for such postgraduates include ,McKinsey, Boston Consulting Group, Bain & Company, Merrill Lynch & Co, Deloitte Consulting, LLP, Lehman Brothers, JP Morgan Chase & Co, Goldman, Sachs & Co, Accenture, Johnson & Johnson, Credit Suisse, Deutsche Bank, Morgan Stanley, UBS, Bank of America, Microsoft Corporation, Prada, Landmark, Walmart, Citigroup, Wells Fargo, Circle K, Marks & Spencer, Standard Chartered Bank, among others.
Listed here are some of the popular job positions offered to successful postgraduates of the discipline with the corresponding job descriptions and salaries offered.
|Job Position||Job Description||Average Salary|
|Export Managers||As middlemen, Export Managers plan and coordinate the international shipment of goods.||INR 6 to 6.77 Lacs per annum|
|Marketing Analysts||Specializing in international business, Management Analysts head overseas branches of the organization and advice companies on how to improve. They are hired by big and small companies alike to help improve a company's infrastructure.||INR 4 to 5 Lacs per annum|
|International Finance Manager||Typical duties include reviewing financial reports, monitoring accounts, and preparing activity reports and financial forecasts. Financial Managers also investigate ways to improve profitability, and analyse markets for business opportunities, such as expansion, mergers or acquisitions.||INR 15 to 16 Lacs per annum|
|International Business Consultant||International Business Consultants provide information and advice to Canadian companies about doing business with or in other countries. They may work for management consulting companies, companies already operating in international markets, or companies planning international expansions or investments.||INR 9 to 10.33 Lacs per annum|
|International Marketing Manager||Develop and implement strategic international marketing plans for an organization. The position requires a bachelor's degree in business, marketing, or related area, and at least 7 years of experience in the field.||INR 5 to 6 lacs per annum|
|International trader||Responsible for coordinating credit and financial activities and obtaining payments for import/ export operations. They act as advisors on matters of tariffs, markets, and federal and foreign regulations.||INR 7.7 to 9 lacs per annum|
|Investment Banking Managers||Investment Bankers help their clients raise money in capital markets by issuing debt or selling equity in the companies. Other job duties include assisting clients with mergers and acquisitions (M&As), and advising them on unique investment opportunities such as derivatives.||INR 9 to 10 lacs per annum|
PGP in International Business: Suggested Reading Material
Listed below are some books suggested to candidates aspiring to qualify the relevant entrance exams for admission to the course.
- MBA Fundamentals International Business Paperback by Rajesh Lyer
- MBA Fundamentals Business law by Ellen K. Curry
- Leading with Cultural Intelligence: The Real Secret to Success by Paul Polman
- Global Tilt: Leading Your Business Through the Great Economic Power Shift by Inge Thulin
- The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing by Michael J. Mauboussin.