Job Profile of International Business (IB) Manager
The job of International Business Manager is very diverse. She manages various other functions like creating strategic business plans to ensure profitable international expansion for her business unit. They are also responsible for identifying the issues related to international trade and working out their possible solutions. In addition, helping our clients to understand the business terms of the host country and simplifying the business operations so that foreign business clients are willing to invest in our country. The above are some of the tasks for which the International Business Manager of any organization is responsible.
Top International Business Institutes in India
Following are the top 10 institutes offering courses in International Business, as per NIRF Ranking:
serial number Institute Location
1 Indian Institute of Management Ahmedabad
2 Indian Institute of Management Bangalore
3 Indian Institute of Management Calcutta
4 Indian Institute of Management Lucknow
5 Indian Institute of Technology Bombay
6 Indian Institute of Management Kozhikode
7 Indian Institute of Technology Kharagpur
8 Indian Institute of Foreign Trade Delhi
9 Xavier Labor Relations Institute jamshedpur
10 Management Development Institute Gurgaon
NIRF rankings are released every year by the Ministry of Human Resource Development (MHRD), Government of India to recognize the best institutes in the country.
Major Entrance Exams for Admission in International Business in India
This is a basic method by which a student is tested whether he is academically fit to pursue the said course or not. Since international business is a professional course, various universities and institutes have their own MBA entrance exams which reveal the rank of the student who has taken admission. Let us discuss some of the popular entrance exams for taking admission in various international business courses:
- NMAT (UG): NMIMS Management Aptitude Test (Undergraduate)
- GGSIPU CET: Guru Gobind Singh Indraprastha University Common Entrance Test
- DU JET: Delhi University Joint Entrance Test
- Christ University BBA Entrance Exam
- SET: Symbiosis Entrance Test
post graduate degree
Department of Management Studies IIT Delhi Entrance Exam
Delhi University, Faculty of Management Studies Entrance Exam
Indian Institute of Foreign Trade Entrance Exam
Christ University Entrance Exam
Narsee Monjee Institute of Management Studies Entrance Exam
IB Managers Salary Package
At present, specialization in the international field is very beneficial. Nowadays the world has become a global village and the economies of all the countries are promoting trade relations and establishing good business relations among themselves. Therefore, there are many opportunities for development in this field.
As your work experience in this field increases, so does your salary. Take a look at the salary prospects in the field of International Business:
years of work experience Salary (Rs.)
Less than one year (Freshers) 2-3 lakh
1-4 years 3-6 lakhs
5-9 years 7-13 lakhs
10-20 years <15million
Top Recruiters in India for International Business Graduates
There are many established and well-known brands in the field of International Business which provide excellent opportunities to the students. Now, it is up to you to choose which post or job profile you want to join during campus placements offered by recruiters? Hence, below is a list of some of the famous brands so that International Business Graduates must look for job opportunities in these brands at the time of MBA placements for their bright future:
- Bharti Airtel
- ICICI Bank
- goldman sachs
Introduction to International Business (IB) Course
These days the whole world has become a global village. All the businesses around the world are connected to each other. After doing a course in International Business, students get a good knowledge about the economies around the world. In this era of globalization, many countries of the whole world including India are connected with each other through trade relations. The main objective of the International Business course is to give the students all the necessary information about the interdependence of the economies of all countries in the modern business environment so that they can start their career as a successful International Business Manager.
Sub-specializations of International Business (IB) Course
The subjects taught under the International Business Field aim to broaden the students’ thinking and analytical skills for the global business environment. Here are some of the topics that are taught to international business graduates in various institutes and universities:
International Supply Chain Management
The most important reason for teaching this subject to international business students is to provide information to understand topics like International Logistics (IL) and Supply Chain Management (SCM) and their strategic importance for firms in the international market.
The objective of this topic is to provide students with an understanding and knowledge of marketing principles that are applicable to organizations that do business in more than one country, even in the face of stiff competition from foreign businessmen. Issues such as the importance of advertising and branding in international markets are covered under this topic.
Financial Derivatives and Risk Management
Through the study of derivatives, from a financial perspective, students become capable of managing risk in the international market.
International trade financing
This subject is the cornerstone of International Trade as it teaches about the various concepts, theories, as well as the sources of finance and various avenues of managing finance, related to international trade.
foreign language for business
Language can become a major obstacle when it comes to international trade and business. Therefore, every university or institute gives you an opportunity to learn a foreign language among languages like French, Spanish, Mandarin etc. so that students can master at least one language of their choice from the business point of view.
Career Prospects in International Business in India
International business is a promising management field that gives you opportunities to travel around the world and interact with all kinds of clients. It focuses on the cross-cultural aspects of domain management.
Major Job Profiles for IB Managers
After doing MBA in International Business and gaining the requisite experience, you can work on the following positions:
- Export Managers And Executives
- global business manager
- International Business Development Manager
- International Finance Manager
- International Logistics Manager
- International Business Consultant
- International Brand Manager
How to take admission in International Business (IB) Institutes?
As far as the admission process is concerned, both the eligibility criteria and entrance exams are necessary. So, before applying or registering for any entrance exam, you must read its eligibility criteria very carefully. Apply for the exam only after you have thoroughly read and understood all the terms and conditions mentioned in the document. It is important for the students to fulfill all the required requirements to avoid getting disqualified later.
This is one of the most important aspects from which it is first ascertained whether a student should take admission in a prescribed course or not? Let us discuss about the eligibility criteria in International Business Course at various levels:
Undergraduate level course can be done after passing 10+2 class in any discipline. To pursue an undergraduate course in International Business, students must have secured at least 50% aggregate marks in 10+2 class.
post graduate degree
For Postgraduate course, the student must have completed Graduation in any discipline from a recognized University or College with at least 50% aggregate marks.
To pursue a doctoral degree, a student must have a post-graduation degree in any discipline related to business from a recognized university or college. After this, you will have to give an entrance exam conducted by any university or institute offering PhD in International Business course.
Types and Duration of Courses in International Business (IB)
There are many courses available in the field of International Business which can be done after passing 10+2 class. The purpose of these courses is to make the students aware about the nature of international business in the current environment. Let us discuss some courses:
You can do Diploma in International Business after passing 10th and 12th class.
The undergraduate course is commonly known as BBA in International Business or BBM in International Business. The duration of this undergraduate course is 3 years.
post graduate degree
The International Business course at the post graduate level is known as Master of Business Administration (MBA in IB) or Master of International Business (MIB). The duration of this course is 2 years.