International Business

12/11/2014 Career

The world has become a global village in the present era. This arena,
along with the traditional export and import industry, provides a
pathway to a multitude of careers to make a successful future. In
today�s global economy, many businesses are looking forward to expand in
the international market; therefore, careers in international business
are likely to grow at a faster, than the normal, rate. From banks to
manufacturing firms to government agencies, almost all industries have a
demand for people with a background in international business.

Course Details
business and international marketing is taught as part of the MBA
curriculum at B-schools across India. A number of universities also
offer a Master�s Degree in International Business (MIB). Thus, as a
first step, students should secure admission in an MBA program. An MBA
is a 2 years' course, pursued after graduation. Admission into the MBA
course is conducted on the basis of a written test, group discussion,
and personal interview. Separate tests are conducted by different
institutes, like CAT by IIMs, MAT by All India Management Association,
and XAT by Xavier Institutes. Furthermore, there are executive MBA (IB)
programs offered by some institutes, which require a minimum level of
experience. Some institutes offer undergraduate programs like BA (Hons)
in International Business, for which 10+2 is a mandatory qualification.
The most desirable experience for professionals in this field is to
accept and work within the customs, beliefs, culture, and attitudes of a
particular country. A strong personality and personal background
experience can also lead the aspirants to business executive positions.

Career Prospects
MBA in international business can seek employment in public and private
sector organizations. There are wide varieties of job opportunities for
such people in banks, financial institutions, securities firms,
investment companies, export/import companies, and international
business consultancies. However, most MBA (International Business)
postgraduates are absorbed by international marketing departments of
organizations engaged in exports, namely, multinational manufacturers,
like automobile companies, electronics and computer companies, and
consumer durables manufacturers. Since most of the international trade
is carried out through port and aviation, these professionals can find
ample 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. Other career options open to MBA (International
Business) postgraduates include setting up their own consultancy firm.

Top Colleges Offering UG/PG/Other Courses
are a number of institutes in India that offer post graduate diploma in
international business management. The most prominent among them
Indian Institute of Foreign Trade (IIFT), New Delhi;
Institute of Foreign Trade (SIFT), Pune;

ASM's Institute of
International Business and Research, Pune;

Gitam School of International
Business, Vishakhapatnam;

Leeds Met India, Bhopal;
Central Institute of
Management and Technology (CIMT), Lucknow;

International School of
Business & Research (ISBR), Bangalore;

University of Petroleum &
Energy Studies (UPES), Dehradun;

Punjab College of Technical Education
(PCTE), Ludhiana;

European Management Institute, New Delhi;
Business School, Chandigarh;

Lovely Professional University, Jalandhar;

Bangalore Management Academy (BMA), Bangalore.

fresh postgraduate in international business management from a reputed
institution is usually hired as a management trainee, with a salary
package ranging anywhere between Rs. 5-12 lakhs per annum. However, B
grade business school pass-outs may be offered a lower pay to start
with. The offerings head northward for international placements. Job
satisfaction and career growth can be an important factor in
international market research firms or consulting organizations.

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