Benefits of Pursuing an MBA in International Business
- Access to the Global Network: An MBA in International Business will give an access to the global network. All you have to do is get a master in International Business from a reputed college.
- Explore Markets without Borders: An MBA in International Business will give you the opportunity to explore the International market with ease. According to a recent report, India’s overall exports projected to scale new heights, growing at 13.84 percent during FY 2022-23 over FY 2021-22 to achieve USD 770.18 billion worth of exports. Therefore, an MBA graduate in International Business has a lot of potential to explore global economies.
- Job Prospects Around the World: An MBA in International Business allows you to find jobs not only in the domestic market but also in the international market. Therefore the degree gives it an edge over other degrees.
- Increased Cultural Awareness: A degree in International Business is one of the degrees that have a subject called cultural diversity added to the syllabus. So the subject will give you a comprehensive understanding about the cultures of various countries.
- Globalization is the Hot Topic of the Contemporary World: The concept of global village is on the rise. The culture of consuming branded things has reached a height like never before. Therefore a degree in International Business can allow you to explore different arenas of the business world.
Scope of an MBA in International Business
Increased internationalization has connected the world in such a way that de-globalization will become a daunting task. With increasing globalization, courses like MBA’s in International Business are gaining prominence like never before. Therefore, the scope of the degree is very wide compared to other MBA programs.
Average Salary
Salary depends on several factors such as the organization from which the degree has been obtained, job experience and also location of the job. A MBA in International Business can give you an average salary of around 4-5 lakh per annum in the initial days. However, an MBA from the IIM can fetch you a package of 16-17 lakh per annum.
Placements of MBA International Business Colleges in Bangalore
The students who have completed their MBA in international business courses are required in high demand. Many top global MNCs hire them in large numbers for managing their international businesses across the globe. Some of the important roles available after MBA International Business are:
International Marketing Manager: The international marketing managers are the professionals in charge of creating and executing marketing strategies for the international markets. You have to also have a deep understanding of various markets, and ensure that you are marketing your company’s product and services to the right people. You have to get your products and services to penetrate the market and establish the brand.
The average international marketing manager can earn around 10 lakhs to 20 lakhs per annum.
International Product Manager: An international product manager is completely in charge of the products and services that are marketed internationally. Different markets have different standards for the quality of the product. Some markets even have stringent standards of the packaging of the product. Therefore, it is the job of the international product manager to ensure products, packaging and other quality requirements are up to speed according to the international market.
The average international product manager can earn around 10 lakhs to 15 lakhs per annum.
International Finance Analyst: International markets behave differently, and yet they are connected. It is quite a complex structure and the job of an international financial analyst is to know about all these markets and make reports for investments in these markets. They have to analyse deep and provide information and predictive models for various markets for their company to invest money in.
The average international finance analyst can earn around 8 lakhs to 16 lakhs per annum.
International Research Analyst: To be able to succeed in an international market, companies need to have information on the markets. This information needs to showcase the opportunities and risks in the market. And this is where the services of a research analyst come into play. They have to research international markets, products, rules & regulations, competitors and more and provide reports for their companies to foray into international markets.
The average international research analyst can earn around 10 lakhs to 15 lakhs per annum.
International Logistics Manager: Logistics is already a tedious thing to manage. Now imagine doing it on an international scale. This difficult yet rewarding task is the job of the international logistics manager. They have to figure out the logistics involved in product supply, resource supply, deliveries, etc. in different countries. The challenge is that rules and regulations, and logistical challenges are different in each country. The logistics manager needs to know about them and ensure everything delivered from suppliers to customers on time.
The average international logistics manager can earn around 10 lakhs to 15 lakhs per annum.
Other potential career roles:
- Export Manager
- International Business Consultant
- International Marketing Manager
- Global Business Manager
- Management Analyst
- Chief Executive Officer
- Export Coordinator
- International Marketing Director
- Financial Controller
- Administrative Service Manager
