MIB (Master of International Business) Course

To become a company manager, interested candidates should pursue the MIB course. Master in International business or MIB is a Postgraduate course in International Business.  It is considered an ideal degree and professional degree that provides in-depth knowledge of business and the marketplace. Besides, it provides an open option for candidates that they can pursue MIB either full-time or part-time through distance education. 

Quick Review - Master of International Business

MIB course is pursued for 2 years with greater prominence on business a strategy which is related to International business. Overall, this course mainly focuses on the administration of challenges and also coordinates various business activities on the international level. It is one of the most popular courses among the new generation. The top colleges/ universities in India offers the MIB course and allow students to apply and study for the two-year programme. The curriculum of a MIB course is specifically designed to train students to become a developed business manager. It has a mixture of both practical knowledge and theoretical knowledge. One of the special things about the course is that it also taught about the foreign language, foreign policy and export management and forex risk management.

MIB Course Eligibility Criteria:

• Candidates must have cleared their graduation in any stream from any recognized university/ college.
• Candidates must have scored at least 50% of marks in graduation. (45% aggregate marks for reserved category).
• Apart from this, candidates must appear in one of the following entrance exams to apply for the MIB course.
• CAT, GMAT, CMAT  and  XAT etc. 

Admission Process

Admission to the MIB course is based on the score acquired by an aspirant in an entrance exam:

• There is major all India entrance exam such as CAT, XAT, CMAT, MAT etc. conducted for this taking admission into MIB in a reputed institute.
• Certain colleges or institutes offer admission on a merit basis.
• By the end of august, online forms for every exam are available.

Top Entrance Exams for MIB

To appear for admission into the MIB course, candidates should have a clear relevant entrance exam. There are various national and state-level entrance exams conducted every year. Here is a complete list of top entrance exams required for admission into this course:

1. CAT – Common Admission Test or CAT is one of the popular entrance tests which is widely accepted by many top institutes/colleges across the country. It is an online test conducted every year by IIMs for providing admission into various diploma programmes and management degree courses.
2. CMAT – Common Management Admission Test or CMAT conducted by the National Testing Agency in India. It is an online computer-based entrance test. The major purpose of this test is to shortlist candidates for admission into AICTE approved PG management courses.
3. MAT – MAT stands for Management Aptitude Test. It is a national level entrance exam conducted four times a year. The exam is conducted by the All India Management Association for admission into MBA/PGDM courses across the country.
4. XAT –Xavier Aptitude Test or XAT is a computer-based test conducted by XLRI Jamshedpur for MBA/PGDM. It is one of the most popular and easiest entrance exams

How to prepare for a Master in International Business Entrance Examinations?

Candidates are advised to prepare well for the entrance exam before applying. Here we are mention certain important points that you should follow while preparing for the MIB entrance exam:

• Set an attainable timetable for studying. You should include some portion from every subject and stick to the timetable. A well-routine will make sure that the entire topic is covered in the respective period.
• Make sure you should have a good understanding of basic topics. Before reaching onto the advanced topics, you must be clear with the basics.
• Entrance exams are all about practice especially business entrance tests. So, candidates are advised to attempt a sample question paper. Also, go through to the previous year question paper.
• Keep the focus on each subject. Divide time every day separately for the complex and more difficult topics.
• Consult with your teacher and experts who had already appear for the entrance exam.
• Read all rules and regulations regarding entrance tests before appearing for the test.

What are the top MIB Colleges/ institutes in India?

Various reputed institutes in India offer admission through entrance tests, group discussion and Personal interview rounds. Here we have mentioned some top MIB colleges with their average annual fees:

Master in International Business – Syllabus and Topics

Candidates will learn theoretical and practical subjects in the MIB programme. The topics are covered in it is below-mentioned:

Semester – I

• Management Concepts and Organisational Behaviour
• Economics for Manager
• Business Statistics
• Accounting for Decision Making
• International Business Environment

Semester – II

• Operations Research for Business Decision
• Managerial Finance
• International Marketing
• International Marketing Research
• Computer Application in Business

Semester – III

• International Management
• E-Commerce
• Foreign Language for Business I
• International Financial Management
• Training Report

Semester – IV

• Global Strategic Management
• Cross-Cultural Consumer and Industrial Buyer Behaviour
• International Human Resource Management
• Foreign Business in Business II
• Project Report

Job Prospects and Career Options after doing Master in International Business Course

A wide range of job opportunities is available to all the aspirants pursuing MIB to build their careers in Business Management courses. There are various national and international companies offered jobs to MIB degree holder who possesses good knowledge. Many students have confused that only international job profiles are offered to MBA in International business. However, MBA is a professional course that covers all core courses of business such as Finance, Marketing, Human resources and many others. So, candidates are trained for both International business jobs and regular MBA jobs.

International Job Profiles:

There are various job profiles are offered to MBA IB. Some of the top recruiters are mentioned below:

Top Indian Companies – Aditya Birla Group, TATA are top recruiters who look for managers to manage overseas operations.

Export and Trading Houses – These firms look for talented candidates that deal specifically in International trade.

Global Companies and MNCs – for domestic and International Companies, such companies recruit Indian candidates.

Job Profiles

On successful completion, of course, candidates can work in the following position:

• Investment Banker
• Global Business Manager
• International Marketing Manager
• International Finance Manager

Master in International Business – Future Scope

Candidates can seek jobs in both the private and public sectors. Besides this, candidates may pursue higher education in respective field for better growth. Students are offered some higher education options that are listed below.

• Many postgraduates are going for the Management course through MBA or PGDM course. Those who seek admission into MBA or PGDM should crack the relevant entrance exam.
• Apart from regular degree courses or professional degree courses, graduates can go to prepare for the competitive examination across the country. There is various government department who recruiter business graduate for different posts. As government jobs are much secure and pay high salary salaries and regular incentives.

Salary Packages

A MIB graduate can easily earn 40,000 to 50,000 monthly as per their job post. However, the pay scale for each job role may differ. Let's have a look:

1. Business Development Manager – INR 5 to 6 Lac
2. Business Development Executive – INR 2 to 3 lac
3. Business Development Specialist – INR 3 to 4 Lac
4. International Business Developer – INR 8 to 9 lac