8,000+
Students Trained & Placed
1,00,000+
Sq.Ft.of training area
45,000+
Worldwide Alumni Network
7
Kitchen Training Facility
₹ 60 Lakhs
UP to Scholarships
100%
Placement Assistance
International & National Internships only at 5-star Properties
One to One Corporate Mentorship
An Entrepreneurial Culture at the Campus
Dignified with Rankings
Amongst India's most promising Hotel Management Institute by Higher Education Review 2022
Ranked Top Hotel Management Institute awarded by Times Education Icon 2022
Quality Education, Outstanding Administration & Leading Infrastructure by Educational Excellence Awards & Conference 2021
Outstanding Performance in Virtual Knowledge Delivery During Pandemic by Educational Excellence Awards & Conference 2021
Nowadays, companies want professionals who know the global economy. An MBA in International Business provides a solid hold in the global business landscape with an understanding of strategic management and international business.
An MBA in international business is an excellent program for those who want to work for big global companies. This blog will discuss its eligibility and fees, cover the MBA international business subjects, and discuss the admission process for the 2024 academic year.
Eligibility Criteria for MBA International Business Course 2024
To get an MBA in International Business, one must meet academic and professional standards. These MBA international business eligibility requirements ensure students are ready for the rigor and breadth of the program.
1) Academic requirements
1- Bachelor's degree: A bachelor's degree is required in any subject. However, having a degree in business economics or any related subject is preferable.
2- Minimum GPA: The minimum GPA to enroll in the program must be around 3.0 or 4.0 or its equivalent.
2) Entrance exams
1- GMAT: The Graduate Management Admission Test evaluates the candidate’s English, math, writing, verbal, and reading abilities.
2- GRE: Graduate Record Examination is commonly used to measure a person's verbal, math, analytical, and writing skills.
3) Work experience
Some programs require applicants to be fresh graduates for MBA international business eligibility. However, most programs expect the candidates to have 2-5 years of work experience. Work experience makes it easier for students to be more helpful by offering ideas wherever needed.
4) Language proficiency
English proficiency: Language and communication skills are essential factors. However, if a person is a foreigner, English fluency becomes essential. Students must usually clear standard proficiency tests such as TOEFL or IELTS.
Fees Structure
The MBA international business fees are another important aspect for students who want to enroll in the program. The fee structure includes tuition fees, accommodation, and other costs and varies with the college, university, or course provider.
1) Tuition fees
The tuition fees vary, depending upon the institution, the location of the International Business School, and other benefits students get from the program. Hence, one must conduct thorough research to understand the fee structure and decide based on one's budget.
2) Scholarships and financial aid
Many institutions provide scholarships, grants, and other financial aid, which reduce the burden of MBA international business fees for deserving students. These may be merit-based or need-based. There are often partial or complete scholarships that can cover tuition. Students must submit their applications early to get these chances.
Core subjects
An MBA in International Business is a flexible program covering many subjects. It has core courses and electives. They help learners gain a broad knowledge of global business operations and management. Some of the MBA international business subjects are:
1) International Marketing
This subject covers marketing principles and related concepts from an international point of view. Students are introduced to topics such as entering new markets, global branding, and factors associated with product marketing in international markets.
2) Global Financial Management
This topic examines concepts in financial management in an international context. Its focus areas include the FOREX markets, international monetary systems, and global investment opportunities.
3) Cross-cultural Management
This topic in an MBA related to international business helps students learn how to work as managers and leaders in a multicultural context. It introduces students to different cultures and ways of communication and helps them understand management approaches when working on a global stage.
4) Strategic Management
Some of the core aspects of strategic management in an international context are competitive strategies, entry mode, and strategic partnership. This curriculum topic teaches students about models for strategizing in the global arena.
5) Global Supply Chain Management
One of the most critical MBA international business subjects, global supply chain management, aims to explain the issues in managing supply chains across different countries. It covers supply chain management, distribution, and improving supply chain processes.
MBA International Business Admission Process
To get an MBA in international business, applicants can follow these steps:
Step 1: Application form
The first step is to complete the application form. Many universities provide the form online on their website. This form gathers essential personal and academic background data.
Step 2: Standardized test scores
Provide copies of scores of standard tests. These tests may include GMAT, GRE, TOEFL, or IELTS. Make sure to fulfill all the requirements laid down by the respective institution. Moreover, it is essential to have a minimum pass score.
Step 3: Letters of recommendation
Any academic or professional references are usually required in the form of letters of recommendation. These documents should convince the committee about your suitability, hard work, and ability to succeed in this program.
Step 4: Interview
An interview is sometimes required for MBA international business admission. The in-person interview allows candidates to prove their communication abilities, motivation, and relevance to the program.
Conclusion
Approximately 79% (Source) of MBA graduates work in well-established companies. Earning an MBA in International Business in 2024 is a great career investment. This program gives students the knowledge and tools they need to succeed in global business. With careful study and smart decisions, you can thrive in the fast-paced international business world.
You can get your MBA in International Business degree with ITM. At ITM, you can learn from the best. The program offers in-depth knowledge and understanding of global business with an industry-recognized curriculum and internship. Visit itm.edu to learn more about the program.
Frequently asked questions
1) What is the scope offered by the MBA International Business Course 2024?
MBA international business course 2024 offers a vast and varied scope. It covers many important areas and is very helpful for anyone wanting to work in international business.
2) What is the salary of an MBA in international business?
Based on experience, the salary of an MBA in an international business professional can range between INR 7.2 to 70.0 LPA.
3) Is an MBA in finance better than an MBA in international business?
An MBA in international business is more beneficial than an MBA in finance due to better, more international work prospects and higher salary potential. With an MBA in international business, one can work in countries like the UK, USA, Canada, and Australia.
4) What is the basic qualification required to pursue an MBA in international business?
A bachelor's degree in any subject is the minimum educational qualification required.
Dignified with Rankings
Amongst India's most promising Hotel Management Institute by Higher Education Review 2021
Ranked Top Hotel Management Institute awarded by Times Education Icon 2022
Quality Education, Outstanding Administration & Leading Infrastructure by Educational Excellence Awards & Conference 2021
