Master in International Business (MIB) is a 2-year full-time postgraduate course, the eligibility for which is a graduation degree in Bachelor of Commerce with a minimum of 45% marks or any other equivalent qualification. In various recognized universities, there are entrance tests held followed by an interview to judge the eligibility of the candidate seeking admission.
Top Institutes offering Master in International Business (MIB) are:
- Annamalai University
- The Oxford College of Business Management
- Jawaharlal Nehru Technological University
- Symbiosis Institute of International Business, Pune
The course incorporates subjects like Accounting, Statistics, Economics, e-Commerce, and Foreign Language to create all-rounders who, while developing a sharp sense of global economics and business marketplace, also hone their knowledge pertaining to regional expertise. MIB (Master in International Business) transforms the candidates into responsible managers and executives who concentrate on multi-cultural and global issues pertaining to international business.
Master in International Business (MIB) postgraduates may be hired as Business Development Manager, International Business Developer, International Business Developer Executive, Business Development Executive, Management Analyst or Consultant, Sales Manager, International Trader, Finance Controller, etc. They may be hired in areas such as Finance Sector, Marketing Areas, Trade Companies,. Banking Sector, among others.
The average full-time fee charged for the course in India ranges between INR 33,000 to INR 7.5 lakhs for each year, and the average salary offered to such professionals ranges between INR 5 lakhs to INR12 lakhs per annum, increasing with experience and expertise.
Top Colleges for Master in International Business [MIB]
- Master in International Business [MIB] in Tamil Nadu
- Master in International Business [MIB] in Rajasthan
- MBA/PGDM in Delhi-NCR
- MBA/PGDM in Maharashtra
- MBA/PGDM in Chennai
- MBA/PGDM in Uttar Pradesh
Master in International Business: Course Highlights
|Examination Type||Semester System|
|Eligibility||45% marks in the Bachelor of Commerce undergraduate degree or equivalent qualification|
|Admission Process||Based on undergraduate marks. Some reputed institutions may hold their own entrance exams|
|Course Fee||INR 33,000 to 7.5 Lacs|
|Average Starting Salary||INR 5 to 12 Lacs per annum|
|Top Recruiting Companies||Finance Sector, Marketing Areas, Trade Companies, Banking Sector, etc.|
|Job Positions||Business Development Manager, International Business Developer, International Business Developer Executive, Business Development Executive, Management Analyst or Consultant, Sales Manager, International Trader, Finance Controller, etc.|
Master in International Business: What is it about?
MIB program has been designed to offer eligible candidates the knowledge of how to carry out business in international markets, hence elasticizing the job opportunities of the candidate from local or national to global. A master’s degree in international business will intellectually equip the candidate to recognize and deal with social, legal, environmental and economics’ aspects and impacts on world business. This also takes into consideration the knowledge of the international political developments and social scenarios pertaining to global business.
The program includes subjects which help the student develop business plans and strategies while dealing with international issues simultaneously. It gives them international exposure so that they can become successful executives and managers whose career prospects aren’t limited to the country only.
Foreign language is also incorporated into the subjects of this course which gives the students the added benefit of seeking a job with an international company. Master in International Business studies provides you the knowledge of different world cultures and societies, a skill that is much sought-after by employers worldwide that search for experts who have the skill to successfully manage multiple markets.
MIB course will not only help the candidate understand the ways of global business but, with the course of time, they will evolve into master executioners who have intellectual ability to develop business plans and strategies for international operations. The student may also opt to further pursue programs in areas of management.
Master in International Business: Top Institutes Offering
|Name of Institute||City||Average Fees Per Year|
|Alliance University||Bangalore||6 lakhs|
|University Business School||Chandigarh||90,000|
|Delhi School of Economics||New Delhi||16,800|
|Jamia Milia University||New Delhi||33,000|
|Amity Business School||Noida||2.75 lakhs|
|Symbiosis Institute of International Business||Pune||7.50 lakhs|
|Vellore Institute of Technology||Vellore||4.14 lakhs|
|Jawaharlal Nehru Technological University||Hyderabad||31,000|
|D Y Patil University||Mumbai||1 lakh|
|Institute of Management Studies||Noida||2.9 lakhs|
|Biff and Bright College for Technical Education||Jaipur||2.8 lakhs|
|Institute of Media Management and Technology||Dehradun||-|
|The Oxford College of Business Management||Bangalore||1.3 lakhs|
|St. Joseph’s College of Commerce||Bangalore||40,000|
Master in International Business: Eligibility
Candidates wishing to apply for the course need to have completed their Bachelor of Commerce degree with a minimum of 45% marks. After application, an entrance test may be held by the institute followed by an interview to judge the eligibility of the candidate for the course. Such entrance tests vary from college to college.
Master in International Business: Admission Process
Most institutes offering Master in International Business (MIB) course admit the students based on their performance in their graduation degree with Bachelor of Commerce. Some institutes conduct their own entrance test or a general CAT or MAT examination for offering admission. Admission process generally varies across colleges.
A few institutes also provide direct admission based on the candidate’s performance in his/her B.A. degree.
Some such entrance tests held in the country for admission are:
- Delhi School of Commerce, New Delhi
- Alliance Business School, Bangalore
- The Oxford College of Business Management, Bangalore
- Sharda College of Management and Technology, Haridwar
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Master in International Business: Course Description and Syllabus
A semester-wise breakup of the course’s syllabus is tabulated here:
|Semester I||Semester II|
|International Marketing Management||Business Research Methods|
|Global Business Environment||Export-Import Finance|
|Executive & EXIM Correspondence||Logistics Management|
|Financial and Management Accounting||Foreign Trade Procedure and Documentation|
|Elective-I||Computer Applications: MS Office & Internet|
|Semester III||Semester IV|
|Foreign Exchange Management||International Business Relations|
|India’s Foreign Trade and Legislation||International Economics|
|Strategic Management||Global Financial Management|
|Computer Applications: Tally||Project Work & Viva-Voce Or Principles and Practice of Insurance|
Master in International Business: Career Prospects
Master in International Business course offers a multiplicity of options to the candidates who seek a career in business and management. This course has additional edge over a normal MBA course as it offers specialization in the global prospects of business as it takes into consideration global political developments, international relations, business strategies, cross-cultural economic relations, etc.
Students can find job opportunities in exporting companies dealing with goods such as an automobile, computers, and other consumer durable goods. They may also be hired as analysts, consultants, or sales managers in leading MNCs.
Master in International Business degree qualifies you for prestigious job opportunities such as that of the role of a CEO of a company. The candidate may even opt to get into teaching at the university level or get involved in research work. The course also provides opportunities for candidates to land jobs in governments and multilateral organizations.
Some of the popular professional avenues open to successful graduates of MIB (Masters in International Business) course are listed below with the corresponding salaries offered for the respective positions.
|Job Position||Job Description||Average Annual Salary in INR|
|Business Development Manager||Responsible for building market position by locating, developing, defining, negotiating, and business relationships of the concerned organization with other organizations.||5.63 Lacs|
|International Business Developer||Responsible for developing, maintaining and regulating the company’s foreign business profile. This job responsibility may or may not include international sales, cultural marketing, and/or overseas manufacturing.||9 Lacs|
|Management Analyst||Responsible for conducting organizational studies and evaluations, develop systems and procedures, administrate and conduct work simplification and measurement studies, and prepare operations and procedures manuals to assist the management in operating more efficiently and effectively.||10 Lacs|
|Sales Manager||Responsible for leading a team and focus, set goals, motivate and assist create training opportunities. They work with high profile customers or deal with customer complaints, and determine ways to improve the sales process of the organization.||9.97 Lacs|
|International Trader||Responsible for co-ordinating financial and credit transactions in the import/export sales operations while also acting as an advisor on foreign regulations, matters of tariffs, global market, etc.||9.5 Lacs|
|Finance Controller||Responsible for the accounting operations of the company including the production of financial reports, set budgets, maintain accounting records, etc.||12.78 Lacs|