MIB (Masters in International Business) may be a biennial postgraduate degree that develops the abilities & resources required to with success operate a world business. It enhances candidates’ abilities and helps them advance their careers within the worldwide business world. Here in this article, we will get to know the complete details about the Masters in International Business- MIB Course Details. All the candidates who are interested must check the complete article below:
|Course Level||Post Graduate|
|Full form||Master of International Business- MIB Course|
|Eligibility||50% marks in the Bachelor of Commerce undergraduate degree or equivalent qualification|
|Admission process||Entrance exam based|
|Course fee||INR 60,000-15,00,000|
|Average Salary||INR 5 to 16 LPA|
|Top Recruiting Companies||Abbot, Ernst & Young, HCL, Bharti Airtel, Citi Bank, RBS, Reckitt Benckiser|
|Job Positions||Investment Banker, Global Business Manager, International Marketing Manager, International Finance Manager|
A student should have completed his or her degree with a minimum of 55% marks in any stream or equivalent from a recognised university to be eligible for the MIB programme. In most cases, admission to MIB faculties relies on common entrance tests like CAT/XAT/MAT/CMAT that are conducted at the national level for admission to the different MIB Course colleges in India.
What is MIB Course (Masters in International Business):
MIB Course is a postgraduate programme in business administration. The Master of International Company programme focuses on characteristics and addressing problems that arise from coming up with, managing, and coordinating business activities on a world scale. Foreign languages, trade finance and FX risk management, foreign national trading policy, and export management are among the International Business courses that distinguish this info and elevate it to international stature.
Working managers and executives are ready for positions of bigger responsibility through this programme, which focuses on diversity and doctrine issues, negotiation, and business strategies that are sensitive to international challenges. once finishing it, candidates have a spread of potentialities.
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Why choose a Master’s in International Business?
MIB may be a sensible choice for college students attributable of the subsequent benefits:
- Aspirants can get a sensible business experience similar to international and societal awareness of the marketplace through this info.
- Aspirants will enhance their regional experience whereas deepening their understanding of topics like humanitarian challenges, security, and company finance.
- The course is meant to enhance your discourse intelligence by sharpening your ability to know the impact of politics, culture, law, and society on the business setting.
In order to pursue the course there are some required eligibility criteria that one needs to have in every manner to get admission to the course. Here are the details:
Required Eligibility Criteria:
The following are the eligibility needs for anyone fascinated by following a Master of International Business degree. It ought to be mentioned that the eligibility conditions for every institute can vary.
- A bachelor’s degree in any relevant field from a recognised university is needed.
- To be qualified for this course, one should have a graduating grade average of a minimum of 55%.
- Work expertise isn’t needed, however, it’ll differentiate you.
Admission to the course is usually done through the entrance examination. Here are the details about the admission process to the MIB Course (Master in International Course).
Admission Process to MIB Course:
Enrollment within the program is decided by the aspirant’s performance on the entrance test. CAT, MAT, XAT, CMAT, and different major all-India admission tests are used for this purpose. Some Colleges conjointly offer merit-based admission. The admissions method typically begins within the month of July. By the tip of July, much all admission tests can have online applications out there.
There are multiple types of admission offered to the MIB Course. In order to get into the top reputed colleges in India. You will have to clear the national-level entrance exams or state-level entrance exams etc and on the basis of the marks scored in the exam, admission will be offered. Here is a list of some famous Entrance exams that are:
- MAH CET
- NMAT by GMAC etc.
Some colleges also offer admission on the basis of the marks scored in the graduation degree. But it depends on the college to college. In order to get to the top reputed colleges, clearing the entrance exam is mandatory.
MIB Course Fee Structure and Top Colleges:
The cost of a MIB program in India varies supported by the infrastructure and amenities offered by the colleges/universities that provide the degree. the everyday course fee in India is agency 60,000-15 LPA. MIB course prices in India are completely different from different business colleges, and the MIB evaluation structure is in nice demand in worldwide business sectors. compared to those in different nations, MIB course fees are cheap. the subsequent is the approx fee structure for many Indian universities that supply MIB courses.
Here is the list of top colleges for a Master in International Business that one must give priority. These colleges have performances well in the last 5 years:
|College/ University Name||Average Annual Fees|
|Department of Commerce, University of Delhi, New Delhi||Rs. 15,696/-|
|Jamia Millia Islamia, New Delhi||Rs. 67,240/-|
|IMS Noida||Rs. 2,08,000/-|
|Chandigarh University, Chandigarh||Rs. 3,94,000/-|
|Jaipuria Institute of Management, Noida||Rs. 16,090/-|
|Seshadripuram College, Bangalore||Rs. 36,000/-|
|JRNRVU, Udaipur||Rs. 65,000/-|
|IMII, Noida||Rs. 16,000/-|
|IME, Ghaziabad||Rs. 1,90,000/-|
The names of the colleges are shared here just to help the students, we are not supporting or promoting any college here. A candidate is free to choose any college as per their interest.
MIB Course Syllabus:
The Duration of the Course is 2 years and these 2 years have been divided into four semesters. Here is the complete syllabus for the course for each semester:
|Semester I||Semester II|
|Management Concepts and Organizational Behavior||Accounting for Managerial Decisions|
|Business Environment||Computer Application in Business|
|Managerial Economics||Foreign Trade Policy|
|Statistical Analysis||International Business Environment|
|Financial and Cost Accounting||International Marketing|
|Marketing Management||International Marketing Research|
|Financial Management||Foreign Languages1|
|Semester III||Semester IV|
|Operations Research||Strategic Management|
|International Logistics||Thrust Products and Markets|
|Foreign Languages 2||International Management|
|Services Marketing and Customer Relationship Management||Internet and Web Designing|
|E-Commerce||International Business Laws and Taxation|
|Export-Import Procedure & Documentation||International Finance|
|Training Report & Presentation||Project Report and Viva-Voice|
Higher Studies after Master in International Business:
MIB may be a well-respected and well-known postgraduate study within the business world. The International Business info prepares aspirants for graduate professions operating overseas or in companies that do business on a world scale by providing them with associate degree awareness of varied business management techniques gift across the globe. several candidates want to get active expertise and any of their professions once finish MIB Course. Aspirants will pursue pedagogy within the following areas:
Master in International Business (MIB) Scope:
Candidates have the option to move for either employment or education. we have a tendency to mention on top of education and also the following are the uppermost job profiles and employment meant sectors wherever candidates can opt for work. Aspirants are invited to apply for the following positions.
- Media Planner
- Financial Trader
- Digital Marketer
- Compliance Officer
- Sales Executive
- Public Relations (PR) Account Executive
- Human Resources Officer or Manager
- Marketing Manager
- Management Analyst
- Policy Advisor or Analyst
- International Trade and Customs Manager
- Business Development Manager
- International Economist
- Financial Controller or Manager
- International Marketing Director
Master in International Business (MIB) Employment Sector:
Here is the list of employment sectors that one has an opt for after the completion of the MIB Course (Master in International Business):
- Banking Sector
- Finance Sector
- Marketing Areas
- Research & Educational Institutes
- Trade Companies
MIB Course Salary:
In India, the Salary varies on a number of factors like job position. the typical remuneration package for MIB Course is between Rs. 7-13 LPA. Aspirants’ salaries are determined by their talents and skill in this field, similarly to their progress toward graduation.
|Job Position||Annual Annual Salary|
|Business Development Manager||Rs. 5,00,000 – 6,00,000/-|
|International Business Developer||Rs. 8,00,000 – 9,00,000/-|
|Business Development Specialist||Rs. 3,00,000 – 4,00,000/-|
|Business Development Executive||Rs. 2,00,000 – 3,00,000/-|
It is easy to get a job after the completion of the MIB Course. One just has to join a better college and gain the right education in the field. Most of the top reputed colleges conduct college placement drives that become very easy for one to get placed before even the final exam. Choose college wisely, it is about your career and time. So, this was all about the MIB Course (Master in International Business).
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Frequently Asked Questions
The Duration of the Course is 2 years and these two years have been divided into four semesters.
In order to get admission to the top reputed colleges, one will have to appear for the national level or state level entrance exams.
In India, the course fees range between 60,000/- to 15 lakhs per annum depending upon the college.
Well, UPES, Dehradun, Christ University, Bangalore, BHU, Varanasi, Jamia Millia Islamia, New Delhi, and IIFT Delhi are the top colleges that come in the top five lists.