MBA in International Business – A Complete Guide

What is International Business?

International business is the trade of goods, services, resources, people, ideas, and technologies across national boundaries. It encompasses all commercial activities that involve the cross-border movement of goods, services, capital, or knowledge. International business can be conducted in a variety of forms, including:

• Export and import of goods and services
• Licencing and franchising
• Foreign direct investment (FDI)
• International joint ventures
• International strategic alliances

International business is a growing and increasingly important part of the global economy. In 2021, the total value of global trade in goods and services was over $28 trillion. FDI also reached a record high of $1.58 trillion in 2021.

There are a number of factors driving the growth of international business, including:

Factors	Description
Globalisation of the economy	The increasing interconnectedness of the world economy has made it easier and more efficient for businesses to operate across borders.
Liberalization on trade	Governments around the world have been reducing trade barriers, such as tariffs and quotas, which has made it easier for businesses to export and import goods and services.
Technological advances	Advances in transportation and communication technologies have made it easier and cheaper for businesses to ship goods and services around the world.

International Business for Businesses and Consumers

International business offers a number of benefits to businesses and consumers. For businesses, international business can help to:

For consumers, international business can help to:

International business also plays an important role in promoting economic growth and development around the world. By increasing trade and investment, international business can help to create jobs, raise incomes, and improve living standards.

Here are some examples of international business from the perspective of the Indian economy and industries:

• An Indian company exports textile products to the European economy.
• Apple licences its smart phone manufacturing technology to the Indian company.
• An Indian company invests in a steal manufacturing plant in the United Kingdom.
• An Indian company formed a joint venture to jointly develop Ayurvedic products in the USA.

MBA in International Business Scope

Upon completing an MBA in International Business, it’s essential to embark on a professional journey within an organization. The choice of whether to work domestically or internationally is a personal one. Additionally, identifying a specific area of interest is crucial. For those who wish to further specialize in a particular aspect of International Business, there are numerous courses and programs available in related sub-disciplines.

• International trade and finance: Both trade and finance are closely related concepts. International trade is the exchange of goods and services between countries. International finance is the system of financial flows and institutions that support international trade. International trade is important because it allows countries to specialise in the production of goods and services that they are good at and to import goods and services that they need but cannot produce efficiently themselves. International finance is important because it provides the financial resources that businesses need to engage in international trade. This includes financing for imports and exports, as well as financing for foreign direct investment (FDI). Graduates can work as import/export managers, international trade specialists, or international finance managers. They may also work for banks or other financial institutions that specialise in international business.
• Global supply chain management: It is the process of planning, executing, and controlling the flow of goods and services across international borders. It encompasses all aspects of the supply chain, from raw material extraction to finished product delivery to the customer. GSCM is complex and challenging, but it is essential for businesses that want to compete in the global marketplace. By effectively managing their supply chains, businesses can reduce costs, improve efficiency, and enhance customer satisfaction. Graduates can work as supply chain managers, logistics managers, or procurement managers. They may also work for transportation or shipping companies.
  
• International marketing: International marketing is the process of developing and implementing marketing strategies that are tailored to the needs of global markets. It involves understanding the cultural, economic, and legal differences between countries and adapting marketing strategies accordingly. International marketing is important for businesses that want to expand their reach beyond their domestic market. By developing effective international marketing strategies, businesses can reach new customers, increase sales, and build brand awareness. International marketing is essential for businesses that want to succeed in the global marketplace to reach new customers, increase sales, and build brand awareness. Graduates can work as international marketing managers, brand managers, or product managers. They may also work for advertising or public relations agencies.
• International business development:It is the process of identifying, entering, and expanding into new international markets. It involves developing and implementing strategies to reach new customers, build relationships with partners, and establish a competitive presence in new markets. Graduates can work as business development managers, account managers, or sales managers. They may also work for consulting firms that help businesses expand into new international markets.
• International human resource management: The graduates are required to manage human resources in a multi-national corporation (MNC). It involves all aspects of HR, including recruitment, selection, training and development, performance management, compensation and benefits, and employee relations. However, IHRM adds an additional layer of complexity, as it must take into account the different cultural, legal, and economic environments in which MNCs operate.
• International banking: International banking is the provision of banking and financial services across international borders. International banking plays an important role in the global economy by facilitating the flow of capital, goods, and services between countries. It also helps to promote economic growth and development by providing access to financial services to businesses and individuals in developing countries. International banks operate in a variety of ways. Some banks have a network of branches and offices in other countries, while others operate through correspondent banking relationships. Correspondent banking relationships are agreements between banks in different countries to provide services to each other's customers.

In addition to these specific areas, MBA in international business graduates can also find employment in a variety of other industries, such as manufacturing, information technology, energy, healthcare, education and government.

Job Opportunities in MBA with IB: Indian Perspective

An MBA with a specialisation in International Business is a degree that prepares students for the challenges and opportunities of working in a globalised economy. It covers topics such as international trade, finance, marketing, strategy, culture, ethics and sustainability. Students learn how to analyse and manage complex business situations across borders and cultures, and they develop the skills and knowledge to lead and innovate in diverse settings.

An MBA with a specialisation in International Business can open up many career paths in multinational corporations, international organisations, consulting firms, government agencies and non-governmental organisations. For example, graduates can work as international business managers, consultants, analysts, project coordinators, trade specialists, market researchers, policy advisors or entrepreneurs. They can also pursue further studies or research in related fields. An MBA with a specialisation in International Business is a valuable and versatile qualification that can help students achieve their personal and professional goals in the dynamic and interconnected world of today.

Some jobs where you can land immediately after completing your MBA successfully are:

Role	Description
Business Manager	Responsible for overseeing the operations and performance of a company's international branches or subsidiaries and developing strategies to expand or enter new markets.
Consultant	Provides expert advice and guidance to clients on various aspects of international business, such as market analysis, feasibility studies, risk assessment, cultural adaptation, negotiation, and project management.
Analyst	Conducts research and analysis on various aspects of international business, such as trade patterns, economic trends, political developments, consumer behavior, and competitive intelligence.
Trade/Project Coordination Specialist	Plans, organizes, and coordinates the implementation of international projects, such as joint ventures, mergers and acquisitions, foreign direct investments or development aid; facilitates the export and import of goods and services between countries and ensures compliance with trade regulations and agreements.
Market Researcher	Collects and analyzes data on the preferences, needs, and behavior of potential or existing customers in different countries or regions, and provides insights and recommendations for marketing strategies.
Policy Advisor	Advises government officials or policymakers on issues related to international business, such as trade policy, economic cooperation, foreign relations, or development assistance.
Entrepreneur	Creates and runs their own business that operates across borders or in different countries and identifies opportunities and challenges in the global market.

Here are some examples of companies that hire MBA graduates with a specialisation in international business:

• Multinational corporations such as Amazon, Apple, Google, Meta, and Microsoft
• International consulting firms such as McKinsey & Company, Boston Consulting Group, and Bain & Company
• International investment banks such as Goldman Sachs, JPMorgan Chase, and Citigroup
• International accounting firms such as PwC, Deloitte, KPMG, and EY

MBA with IB from Greater Noida

Greater Noida is a well-engineered and socio-culturally friendly city in northern India. Well connected with other major cities such as Delhi, Gurugram, Ghaziabad and Faridabad, Greater Noida has not only become a preferred choice for living and doing business but has also established itself as a major educational hub. Renowned schools, colleges, universities and business schools are located in Greater Noida and are well connected with road and metro lines (Blue, Pink, Magenta and Aqua). Good infrastructure and presence of national and multinational companies create the perfect environment for business schools to easily provide internships, on-the-job trainings (OJT) and placements to their students. The city is also home to many manufacturing plants, which produce a wide range of goods, including automobiles, electronics, textiles, FMCG, etc.

A few prominent institutes located in Greater Noida that are pioneers in offering International Business as a specialisation in MBA plus the new institutes that emerged significantly in recent years are listed for your consideration. 

University	Website
Amity	https://amity.edu/greaternoida/
Galgotias	https://galgotiacollege.edu/
Lloyd	https://www.lloydbusinessschool.edu.in/
Sharda	https://www.sharda.ac.in/
Apeejay	https://www.apeejay.edu/asic/
BIMTECH	https://www.bimtech.ac.in/
GNIOT	https://www.gniotgroup.edu.in/

MBA with Specialisation in IB from Delhi

Delhi, the capital of India, has strong and rich cultural and academic history. Many prominent institutes and universities have their corporate or headquarters in Delhi. Being the national capital, connectivity, infrastructure, security and personal fit are not serious issues to stay and study in Delhi. The presence of airports, railway stations and centre of metro rail makes commuting to and from Delhi very easy. Here is a list well renowned Delhi based institutes.

University	Website
FMS	http://www.fms.edu/
Jamia Millia Islamia	https://jmi.ac.in/
IIFT	https://www.iift.ac.in/
JIMS	https://www.jimsrohini.org/
FORE	https://www.fsm.ac.in/

MBA with Specialisation in IB from Gurugram

Gurugram, also known as Gurgaon, is a city in the Indian state of Haryana. It is a major suburb of Delhi. Gurugram is a major financial and commercial center and is home to many multinational companies. The city is home to many multinational companies, such as Google, Microsoft, and IBM. It is also a major financial center, with many banks and financial institutions headquartered in the city. Being at approximate distance from the international airport, Gurugram was the first city to emerge as the favourite choice of many MNCs for setting up infrastructure and starting business at PAN India level. Though Indian economy has evolved many folds, many MNCs are still operational from their headquarters located in Gurugram.

Few prominent Gurugram based institutes that can add extra badges to your academic profile are:

University	Website
MDI	https://www.mdi.ac.in/
GITM	www.gitmgurgaon.com
Amity	https://www.amity.edu/gurugram/
JKBS	https://jkbschool.org/
K R Mangalam	https://www.krmangalam.edu.in/
IILM	https://iilm.edu/
G D Goenka	https://www.gdgoenkauniversity.com/

Conclusion

International business is a complex and challenging field, but it also offers a number of rewards. By understanding the global marketplace and developing the necessary skills and knowledge, businesses and individuals can succeed in the international arena. The scope of an MBA in international business is very broad and there are many opportunities available to graduates of this program. With the global economy continuing to grow, the demand for MBAs among international business graduates is expected to remain strong in the years to come.

When choosing an MBA programme with a specialisation in international business, it is important to consider factors such as the reputation of the institution, the curriculum of the programme and the placement record of the institute. It is also important to consider your own career goals and make sure that the programme you choose will prepare you for the type of career you want.

The information in this blog is compiled from secondary sources while keeping in mind the best institutes with 100% placement records. If you have any feedback or suggestions, then please feel free to write us at: @info