International Business

International Business

Degrees offered: B.A., B.A.(Hons), B.B.A, B.C.A., B.Com, B.Com(Hons), B.M.S

What is International Business

International Business Course - When a person hears the word ‘business’, the first thing that strikes is trading between two persons or entities for exchange of something. The concept of international business revolves around carrying the trading of goods or services beyond the domestic borders of a country, and thus, the students are taught all the related concepts thereunder. International business courses are available at both undergraduate and postgraduate levels inclusive of diploma and doctoral courses respectively. The various job profiles in international business vary depending upon the exact position and the skills held by the candidate. Hence, to know more about a career in dealing with the world of international business, refer to the complete article below to checkout the various international business courses and their corresponding eligibility criteria, subjects included in the course, career opportunities after international business courses and other aspects.

What is International Business?

The phenomenon of acts and efforts made in order to produce and sell goods and/ or services in order to earn profits is termed as business. When these activities cross the national borders wherein the trade and commerce is carried out between two or more countries, it is called as International business. The pointers given below all contribute to the international business:

  • Movement of goods from one country to another in return of equivalent consideration

  • Providing services to another country in return of equivalent consideration

  • Manufacturing goods of nature confined to one country while being distributed to another country

  • Providing services of nature as mentioned above

  • Providing intellectual property for an entity located in another country 

It may be noted that international business is not as convenient as domestic business because there are many legal glitches that may occur and the manner of business shall also vary for the same.

A course in International Business provides students with the knowledge of all the matters incidental to the acts that take place in a business that takes place beyond national borders. There are various factors that affect international business including the legal implications, international market perspectives, customer demands, etc. 

International Business - Course Highlights

Course name

International Business Course

Duration

BBA - 3 years 

PGDM - 1-2 year 

MBA - 2 years

Eligibility

For BBA - qualified 12th examination from a recognized board with the minimum qualifying marks

For PGDIB - having graduation degree with the minimum qualifying marks

For MBA - having gra duration degree with minimum qualifying marks

For PhD - Have completed post graduation in international business

Course level

Bachelor, Master, Diploma and Doctorate

Course type

International Business

Admission process

Varies

international business jobs after the course 

Export Executives, International Management Consultant, Foreign Sales Representative, International Business Development Manager, Foreign Currency Investment Manager, etc.

Expected starting salary

Ranging between Rs 2 lakh and 10 lakh

Eligibility Criteria (UG & PG) of International Business

Eligibility Criteria for International Business Course

There is always a step by step procedure and suitability of people entering a certain programme and the eligibility criteria shows what exactly is required in terms of educational qualification, age, etc. for a candidate in order to get enrolled into a programme apart from other administerial formalities. In order to pursue an International business course, candidates need to comply with the eligibility criteria depending upon the level of course they wish to get enrolled into as provided below:

Eligibility for BBA in International Business

The basic requirement that has to be fulfilled by a candidate for pursuing Bachelor of Business Administration is that he or she should have passed higher secondary exams (class 10+2) or equivalent from a recognized board of education. The candidate should have scored the minimum of 50-55 per cent in the qualifying exam as specified by the institute that the person wishes to take admission in.  

Eligibility for Post Graduate Diploma in International Business (PGDIB)

A candidate who has completed his or her graduation from a recognized university in any discipline is eligible for admission into a post graduate diploma in international business course. However, the minimum aggregate score required in graduation shall depend upon the university or institute that the person might apply for admission.

Eligibility for Master of Business Administration (MBA) in International Business

A candidate who wishes to pursue Master of Business Administration (MBA) with a specialization in International business has to be a graduate in any discipline from a recognized university. The graduation programme should have been of minimum 3 year duration with an aggregate score of at least 50-55 per cent respectively.

Scope of International Business in India and Abroad

After completing any of the courses in international business, there is a sea of opportunities awaiting the candidates as the international business has become a need of the hour in this era of globalized world. This has brought a fast pace to otherwise domestically confined businesses. The course thus requires the students to understand the international market and its related economic concepts. After completing a degree or diploma in international business, the primary career opportunity is looked after in the companies dealing with international businesses. There is vast scope for international experience for interested candidates as the nature of work requires interaction with personnels of multiple entities.  

Course Fees International Business

Minimum Fees Maximum Fees
Private Government Private Government
UG
24.00 K
B.Com in International Business at Rukmadevi Pannalal Laddha Maheshwari College, Indore
4.07 K
B.Com in International Business at Government Arts College, Coimbatore
17.46 Lakhs
Dual Degree in International Business at Amity International Business School, Noida
2.10 Lakhs
B.B.A in International Business at University of Lucknow, Lucknow
PG
20.00 K
P.G.D in International Business at CMJ University, Shillong
5.06 K
M.Phil. in International Business at University of Madras, Chennai
23.33 Lakhs
P.G.P in International Business at Management Development Institute, Gurgaon
15.70 Lakhs
M.B.A in International Business at Indian Institute of Foreign Trade, Delhi
DOCTORAL
1.91 Lakhs
Ph.D in International Business at Usha Martin University, Ranchi
---
Data not available
3.02 Lakhs
Ph.D in International Business at Amity University, Noida
---
Data not available
DIPLOMA
15.00 K
Diploma in International Business at Indian School of Business Management and Administration, Chennai
---
Data not available
15.00 K
Diploma in International Business at Indian School of Business Management and Administration, Chennai
---
Data not available

Careers in International Business

When a person is about to finish his or her schooling, the very thought of further studies strikes in the mind. There is a continuous thought process in mind as to what he/ she should  pursue in order to perform well and thus get a good career gradually. However, the definition of a good career varies from person to person because it propagates to high salary for some while finishing the skills for some others. Thus, it should always be up to the person who has to pursue the course as to what exact career he or she wishes for. 

A career in international business depends upon the qualification of the candidate as to whether he or she is graduate or has completed postgraduate degree, or otherwise. The job after completing international can land up in any of the following designations:

  • Export Manager - Export means the transfer of goods or services across borders and there are a lot of legal implications that have to be taken care of underneath. An export manager administers all the policy aspects, financial requisites, etc.

  • Export Executives - The person in charge is responsible for planning and coordinating the shipment of goods to be transferred across International borders and the job mainly requires simultaneous negotiations with a variety of people during business.

  • International Management Consultant - The person responsible as an international management consultant has to assure maximum growth and business performance while solving the issues that may occur from time to time. 

  • Foreign Sales Representative - The International or Foreign Sales Representative are the representing personalities of the company who are responsible for developing potential relationships with the prospective clients and customers for selling the goods and services.

  • International Business Development Manager - The person employed under the role of business development has to identify and secure relationships and manage existing and new customers through sales, marketing, networking, etc. 

  • Foreign Currency Investment Manager - The person engaged in a company to manage foreign currency investment has to oversee the transactions and investments of the entity globally. They scrutinize and compare the daily currency fluctuations and thus help the clients in maximizing their profits.

  • International Foreign Policy Advisor - There is a lot to be taken care of when it comes to foreign policies. Foreign policy advisors are the persons who suggest the best ways to enhance business while keeping regard with the policies that are to be followed internationally, and thus provide their valuable advice accordingly. 

  • International Business Consultant - The actual job of an international business consultant is to bring in complete information thus advise the company accordingly. The job profile is there in consultancy companies, those in international markets, planning international expansion. 

Certifications for International Business

Certified Export Import Professional
Certified International Trade and Forex Professional

Job Profiles and Top Recruiters

Job Profiles and Top Recruiters for International Business

When it comes to the job profiles for a person who has just completed an International Business course, the very first idea comes of an organization that is engaged in a business that involves international trade and services. There are specific job opportunities for people to deal and encourage international trade in such companies/ organizations. Thus, given below is the list of job profiles that a person having educational qualifications in international business can apply for:

  • Export Manager

A person employed as an export manager, as the term suggests, manages or coordinates the international shipment of goods and deals with the number of people during this transaction.

  • Export Executive

An export executive is again responsible for managing the international shipment of goods along with the preparation of shipment related documents, financing methods, dealing with excise and customs,etc.

  • International Management Consultant

A person employed as an international management consultant analyzes the operations that take place in that organization and also proposes requisite improvements to perform well in the overseas markets.

  • Foreign Sales Representative

A person who is foreign or international sales representative manages the company’s sales in the international platform. He/ she looks after the financial gains of the company while marketing the products in the international market.

  • International Business Development Manager

An international business development manager monitors and initiates the effective implementation of development in the international business for the organizational growth. For this, business strategies are analyzed and improvement plans are proposed accordingly.

  • Foreign Currency Investment Manager

The foreign currency investment managers are usually employed in financial institutes like banks and are the experts in dealing with investment transactions internationally. The Foreign exchange market is used by businesses across the world for the purpose of sale and purchase of goods and services across the domestic borders.

  • International/ Foreign Policy Advisor

As the term suggests, a foreign policy advisor is responsible for dealing and suggesting the government or other public authorities on international relations and foreign policies.

  • International Business Consultant

An international business consultant researches the opportunities available in international business, provide requisite information and also advise on the development and marketing of international business.

There are various multinational companies that recruit thousands of people to manage their international trade affairs in order to smoothen and encourage the profits from beyond the borders. The top recruiters in International Business in India are as follows:

  • Tata Consultancy Services (TCS)

  • Wipro

  • Cognizant

  • Deloitte

  • ICICI Bank 

  • Amazon

  • Accenture

  • Airtel

  • KPMG

As the above mentioned are top companies who are entangled in international trade and services, they require lot of freshers as well as experienced persons to deal with the management of trade with the clients in another country. 

Course Curriculum for International Business

As the course of International business is conducted at various undergraduate as well as postgraduate levels, there are several subjects inculcated into the course curriculum keeping regard with the understanding of the student enrolled in the programme as well as the duration of programme. However, there might be several topics that are common in the programmes mentioned below, the difference is made by the depth of the topic and its incidental areas thereof. Hence, given below are the subjects that are in general taught in undergraduate and postgraduate degree and diploma course.

Bachelor of Business Administration in International Business

First Year

1.

Business Economics

2.

Business Economics

3.

Principles of Management

4.

Basic Business Mathematics

5.

English (Basic/ Functional/ Intermediate)

6.

Economic Environment of Business

7.

Cost Accounting & Managerial Accounting

8.

Organisational Behaviour

9.

Marketing Management

10.

Computer Application in Business

Second Year

1.

Business Law

2.

Human Resource Management

3.

Business Research Methods

4.

Business Communication

5.

Business Statistics

6.

Environmental Studies

7.

International Business

8.

Financial Management

9.

Total Personality Development

10.

Elective (E Business/Cross Cultural Management/Entrepreneurship /Production and Operation Management/Corporate Law)

11.

Computerized Accounting System

Third Year

1.

Corporate Strategy

2.

International Finance and Foreign Exchange Management

3.

International Aspects of Business Operations

4.

Globalizing Indian Business

5.

Management of Cross Cultural Issues

6.

Corporate Governance and Business Ethics

7.

International Trade Theory and Policy

8.

Monetary Economics

9.

EXIM Policy & Procedures

10.

Structure of Global Economy

11.

Research Report

Postgraduate Diploma in International Business (PGDIB) Subjects

First Year

1.

Principles and Practices of Management

2.

Organizational Behaviour

3.

Management Accounting

4.

Managerial Economics

5.

Business Communication

6.

International Economics

7.

International Business Management

8.

Economic Environment and Business

9.

Management Information Systems

10.

Research Methodology and Statistical Quantitative Methods

Second Year

1.

International Commercial Law

2.

International Trade Logistics

3.

Financial Institutions and Banking

4.

Strategic Management

5.

Foreign Exchange Management

6.

International Marketing

7.

Marketing Research

8.

Exim Policies and Procedures

9.

International Finance

10.

Corporate Governance

MBA in International Business Subjects

First Year

1.

Principles of Management

2.

Managerial Communication

3.

Financial Reporting and Analysis

4.

Organisation Behavior

5.

Marketing Management

6.

Economic Analysis of Business Decision

7.

Quantitative Techniques for Business Decisions

8.

IT for Managers

9.

Human Resource Management

10.

International Business

11.

Legal Aspects of Business

12.

Managerial Accounting For Business Decisions

13.

Corporate Finance

14.

Export/ Import Documentation

15.

Business Research Methods

16.

Production and Operations

17.

Total Personality development

18.

Sectorial Analysis & International Business

Second Year

1.

Introduction to Business Analytics

2.

Management of International Logistics

3.

Trade Environment Diversity and Global Business

4.

Global Competitiveness Analysis

5.

Global Marketing Strategies

6.

International HRM

7.

Summer Training Report & Presentation

8.

Industry Readiness

9.

Global Value Chain and Trade Facilitation

10.

Strategic Management

11.

Globalisation and Indian Business Scenario  Cos

12.

Management of Transnational Corporation

13.

International Financial Management

14.

Merger, Acquisition and Corporate Restructuring

15.

Entrepreneurship Development

Questions related to International Business

Showing 254 out of 254 Questions
5 Views

Which colleges should i prefer Great lakes chennai Pgdm or kj somaiya International business?

Sonali Sahu Student Expert 4th Aug, 2020

Hello,

Great lakes chennai has 4.3/5 rating from the students of the campus. it indicates that college has done it's best in all the factors.  Fee structure over 10lakhs with additional charges which is bit higher for 2 year course. fee structure vary as per stream/domain. for admission, institute accepts CAT, XAT and GMAT. even MAT score is accepted for admission.

Other facility like Infrastructure, library, space for extra-curricular work is good and best. You will get good enough space to use and test yourself to find what you are good at. Faculty are well experienced holding PhD degree. They do best to teach student and make them learn.

KJ Somaiya International Business:- well service provider for well recognized for one of the best B-school in India. Infrastructure is good. experienced faculty, placement is best as students gets placed in top fortune 400 MNCs. It offers PGDM specialization in streams like HR, operation, Finance and marketing.

entrance exam considered :- CAT/XAT/GMAT/ CMAT. fee structure is 14.93lakh approximately. Highest package offered is 27lpa.

considering fee structure as a factor, KJ somaiya will be better option. for rest term of factors, both the campus are same. You can choose any one you find interesting.

Hope it helps!

16 Views

Best BBA international business college without entrance in 59% in hsc?? little low fees

harshita sharan Student Expert 25th Jul, 2020
Hi dear,

Following are few colleges offering admission to BBA international business course on the basis of marks obtained in qualifying exam:
  • Jain University, banglore
  • Doon Business School,dehradun
  • Suresh Gyan Vihar University, jaipur
  • St. Joseph's College of Commerce, banglore
  • Amity University, noida
  • IFIM College, banglore
  • Institute of Business Management and Research, indore

The cut off for each college may vary.

good luck
6 Views

In Christ For international business which entrance test i should given and what are the topics in exam

Mohit Gupta 22nd Jul, 2020

Hello Aspirant

To take admission in Christ University, BBA, you have to appear in Christ University entrance test call CUET.

There are six section in this exam:-

  • Fundamental Accounting (10 Questions)
  • English Language (25 Questions)
  • General Knowledge (20 Questions)
  • Mathematics (20 Questions)
  • Reasoning (25 Questions)
  • Data Analysis and Interpretation (20 Questions)

Syllabus:-

English Language

Reading Comprehension

Synonym

Antonym

Word Meaning

Tenses

Editing

Analogy

General knowledge

Indian Polity

Governance

Political Theory Environment

Contemporary Issues

Mathematics

Profit and Loss

Simplification

Average

Number Series

Pie Charts

Graphs

Reasoning

Syllogisms

Number Series

Letter Series

Blood Relations

Verbal Analogy

Data Analysis and Interpretation

Tabular Data

Bar Graphs

Pie Charts

Line Charts

To know more about this entrance and it's syllabus, you can visit the following link:-

https://bschool.careers360.com/articles/christ-university-bba-exam-pattern

Hope this information would be helpful for you.

All the best

8 Views

which college is best for bba ni IB( international business) & bba in finance

Mohit Gupta 22nd Jul, 2020

Hello Aspirant

BACHELOR OF BUSINESS ADMINISTRATION [BBA] (INTERNATIONAL BUSINESS and FINANCE) IN INDIA

  • IP University
  • Bennett University
  • Delhi University via DUJAT
  • Mount Carmel College
  • DY Patil University.
  • Amity University.
  • Brihan Maharashtra College of Commerce - [BMCC] ...
  • Bharati Vidyapeeth University, Institute of Management and Entrepreneurship Development - [IMED]

To know more about colleges, you can visit the following link:-

https://bschool.careers360.com/colleges/list-of-bba-in-international-business-colleges-in-india

Hope this information would be helpful for you.

All the best

13 Views

can I study MBA in (international business or enterpreneur or industrial management) after completing my BA graduation?

Uttara 24th Jul, 2020

hai dear

yes... you can do mba without any doubt in international business or entrepreneur or industrial management after completing your graduation...

And i would like to suggest good top most mba college for your higher studies...that is...iibs...

yes, IIBS Bangalore is a known as MBA college for placement records. Ranked 3rd in placement by B-school survey of siliconindia...they are providing industrial visits,corporate training,alumni mentoring etc....

IIBS is ranked as one of the leading MBA colleges in bangalore....for more info u can visit www.iibsonline.com (//www.iibsonline.com)

hope helpful

thanks and all the best!!!

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