Master in International Business (MIB) – MIB (Masters in International Business) is a two-year postgraduate degree that develops the skills & resources needed to successfully operate a global business. It enhances candidates’ talents and helps them advance their careers in the worldwide business world. A student must have completed his or her degree with at least 50% aggregate in any stream or equivalent from a recognised university to be eligible for the MIB programme. In most cases, admission to MIB colleges is dependent on common entrance tests such as CAT/XAT/MAT/CMAT.
What is a Master in International Business?
MIB is a postgraduate programme in business administration. The Master of International Company programme focuses on identifying and addressing issues that arise from planning, managing, and coordinating business activities on a global scale. Foreign languages, trade finance and FX risk management, foreign trade policy, and export management are among the International Business courses that distinguish this curriculum and elevate it to international stature.
Working managers and executives are prepared for positions of greater responsibility through this programme, which focuses on diversity and multicultural problems, international relations, and business methods that are sensitive to international challenges. After finishing it, candidates have a variety of possibilities.
Why Choose MIB?
MIB is a good option for students because of the following benefits:
- Aspirants will get practical business expertise as well as international and cross-cultural awareness of the marketplace through this curriculum.
- aspirants can enhance their regional expertise while deepening their understanding of topics such as humanitarian challenges, security, and corporate finance.
- The course is designed to improve your contextual intelligence by polishing your ability to understand the effect of politics, culture, law, and society on the business environment.
Master in International Business (MIB) Course Eligibility Criteria
The following are the eligibility requirements for anyone interested in pursuing a Master of International Business degree. It should be mentioned that the eligibility conditions for each institute will vary.
- A bachelor’s degree in any relevant area from a recognised institution or university is required.
- To be qualified for this course, one must have a graduating grade point average of at least 50%.
- A proper score on the relevant admission exam is needed from the candidate.
- Work experience is not required, however, it will differentiate you.
Master in International Business (MIB) Courses Admission Process
Enrollment in the program is determined by an aspirant’s performance on an entrance test. CAT, MAT, XAT, CMAT, and other major all-India admission tests are used for this purpose. Some colleges also provide merit-based admission. The admissions process usually begins in the months of July – September. By the end of July, practically all admission tests will have online applications available.
Submit your application to the schools or institutions where you want to study. Perform well on your undergraduate exams, as the results serve as the foundation for the whole admissions process. Colleges publish their cutoff lists in a timely manner. Check to see if you are eligible for the course you want to take. Visit the institute and submit all relevant paperwork if you are eligible.
Entrance based admission
Submit your application to the schools or institutions where you want to study. Register for the admission examinations that you will need to pass to get into the institution of your choosing. To be considered for future admission rounds, one must get a score higher than the college or university’s minimum qualifying percentage. Following the written test, a special group discussion and personal interview phase are held to determine the final merit list of individuals who have been shortlisted.
After all of the examinations have been completed, the colleges or universities announce the results and issue a merit list of candidates who have been shortlisted based on the written test, group discussion, and personal interview. The final assignment of seats to aspirants occurs after the admissions procedure, and the candidates are needed to submit the course fee & register for the academic year.
Master in International Business (MIB) Entrance Exams
Admission to some institutes/universities that offer this MIB postgraduate degree is based on the course guidelines. The MIB admission exam can also be passed by taking a top business-based test. For aspirants pursuing this program, the Common Admission Test (CAT) is utilised as an entrance test for some universities. Separate admission tests with cut-off grades are held at various institutions and universities. Some of the most popular MIB admission examinations are as follows:
|NMAT by GMAC
How to prepare for a Master in International Business Entrance Examinations?
The following ideas can be used to assist registered applicants in better preparing for the entrance tests they are taking.
- Make a study schedule that you can stick to.
- Make sure you understand the fundamentals.
- Take practice tests and try as many sample question papers as you can.
- Set aside time each day for the more difficult and complicated topics.
- Don’t be afraid to ask a teacher or a tutor for help.
- Interact with great performers to learn their secrets to success.
MIB Course Fee structure
The cost of a MIB program in India varies based on the infrastructure and amenities provided by the colleges/universities that provide the degree. The typical course fee in India is INR 60,000-15 LPA. MIB course costs in India are different from other business schools, and MIB pricing structure is in great demand in worldwide business sectors. In comparison to those in other nations, MIB course fees are affordable. The following is the approx fee structure for several Indian universities that offer MIB courses:
|College/ University Name
|Average Annual Fees
|Department of Commerce, University of Delhi, New Delhi
|Jamia Millia Islamia, New Delhi
|Chandigarh University, Chandigarh
|Jaipuria Institute of Management, Noida
|Seshadripuram College, Bangalore
MIB Course Syllabus
In most business institutions, the contents taught in the MIB programme are nearly identical. The following is the whole MIB course curriculum.
|Management Concepts and Organisational Behaviour
|Operations Research for Business Decision
|Economics for Manager
|Accounting for decision making
|International marketing research
|International business environment
|Computer application in business
|Global strategic management
|Cross-Cultural Consumer and Industrial Buyer Behaviour
|International Financial Management
|International human resource management
|Foreign language for business I
|Foreign business in business II
Higher Studies after MIB
MIB is a well-respected and well-known postgraduate study in the business world. The International Business curriculum prepares aspirants for graduate professions working overseas or in firms that do business on a global scale by providing them with an awareness of various business management techniques present across the world. Many candidates wish to obtain hands-on experience and further their professions after finishing MIB programs. Aspirants can pursue higher education in the following areas:
Master in International Business (MIB) Scope
Candidates have the option to go either for a job or higher education. we discussed above for higher education and the following are the topmost job profiles and employment meant sectors where candidates can go for work.
Master in International Business (MIB) Job Profiles
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
The following are the Employment sectors for all those who are completing their Master in International Business (MIB).
- Banking Sector
- Finance Sector
- Marketing Areas
- Research & Educational Institutes
- Trade Companies
Master in International Business (MIB) Salary
In India, the average remuneration package for MIB programs is between Rs. 7-13 LPA. Aspirants’ salaries are determined by their abilities and experience in this field, as well as their progress toward graduation.
|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/-
Master in International Business (MIB) colleges
Full MIB courses from Colleges & institutions offering master’s degrees in MIB may be found all throughout the country. Candidates who desire to acquire a global attitude and learn about diverse management approaches may pursue an International Business degree. Aspirants who enrol in the MIB programme in India obtain professional development skills that will help them advance in their careers. The finest colleges for the MIB programme are as follows:
|List of Colleges
|Institute of Management Studies, Noida
|International Academy of Management and Entrepreneurship
|Shri Nehru Maha Vidyalaya College of Arts and Science
|Hardwar Educational College
|Institute of Business Management and Technology
|KG College of Arts and Science
|Institute of Media Management and Technology
|St Wilfreds College for Girls, Ajmer
|RVS College of Arts and Science
|Bachelor of Tourism Management
|Master of Finance and Control
|Master of Hotel Administration
Frequently Asked Questions
The average salary package varies from 7 lakh to 15 lakh.
After finishing the MIB program, you will have various work options. Working as an Investment Banker, International Marketing Manager, Global Business Manager and International Finance Manager are just a few of them.
Candidates must be graduates with at least 50% aggregate grades in order to be accepted into a college for the MIB programme.
It is fully dependent on your preferences and requirements. If you want to relocate overseas or work in an international company, a master’s degree in international business is a good option.
No, the GMAT is not a requirement for MIB. Many institutions accept GMAT results, while others do not, and it is up to the individual to decide which institution they want to attend.