What is International Business
International Business is a specialization under the management domain, related to the trade of goods and services, capital, technology, and knowledge across international borders- at a transnational or global scale.
The study of International Business is concerned with the commercial activities taking place to promote movement of goods from one country to another, the formation and operation of manufacture, sales, research and development, and the distribution facilities in foreign markets. Although highly sought after, this specialization is offered by a few B-schools in the country.
Eligibility Criteria (UG & PG) of International Business
While the eligibility criteria for BBA International Business can differ from university to university, the common criteria are as follows:
Students must have passed their Higher Secondary Examination from a recognized board.
Students must have acquired a minimum of 50% marks in the class 12 exam.
At the postgraduate level, students are eligible to study MBA International Business if they fulfil the following criteria:
Students must clear the entrance exam followed by a Group Discussion and/or Personal Interview, depending on the admission procedure of the university
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Entrance Exams to Study International Business
At the undergraduate level, studies in International Business can be pursued as a specialization under the BBA (Bachelor of Business Administration) degree. Admissions to BBA courses are conducted via entrance exams, followed sometimes by a personal interview conducted by the institute. Some of the popular BBA entrance exams are:
All India Management Association Undergraduate Aptitude Test (AIMA UAT): The All India Management Association conducts this national level entrance exam for admissions to undergraduate management courses.
While a BBA degree is enough for one to start a career in International Business, many choose to pursue higher studies in the form of the Master of Business Administration (MBA). The MBA is one of the most popular courses of study in India; therefore, entrance exams conducted for admissions to these courses are highly competitive. Some of the popular MBA entrance exams include:
CAT: The CAT exam is conducted in the online mode by the Indian Institutes of Management (IIMs) as a prerequisite for admissions to their business administration courses. A national-level exam, this is the most competitive B-school entrance exam. Browse more information about CAT.
IIFT: The Indian Institute of Foreign Trade is an entrance exam conducted at the national level for admission to the MBA International Business program. The exam is computer-based, conducted by the National Testing Agency.
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CUCET: The CUCET is a national-level entrance exam conducted for admissions to various UG and PG courses in 4 State and 14 Central Universities across India. Each year, one of the participating universities conducts the examination.
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Scope of International Business in India and Abroad
A growing number of international businesses and companies operating at an international level has made the demand for International Business courses quite high. A lot of these companies are looking for ways to expand and establish their business operations abroad, and thereby need candidates who can efficiently handle international scenarios and are thorough with the concepts and theories useful in a business’ establishment.
A degree in International Business helps one develop an understanding of the resources existing on a global level. Students are made familiar with the needs of international firms and taught how to utilize these resources in the best possible manner.
A career in International Business gives one plenty of opportunity to travel abroad and settle in different parts of the world, depending on the job. Aspirants holding an International Business degree get the opportunity to work for some of the world’s best companies such as Walmart and Bank of America.
Course Fees International Business
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Both at the undergraduate and postgraduate level, an International Business degree includes a combination of theoretical concepts and practical skills relevant to building a lucrative career in businesses that operate on international levels. Some of the common subjects covered in these courses are:
Business Research Methods
Corporate Ethics and Governance
Fundamentals of International Management
International Trade Logistics
International Marketing Management
Strategy in Emerging Markets
Legal Aspects of Business
Indian, Global Trade and WTO
Fundamentals of Marketing
Principles of Marketing
International Institutions and Trade Implications
In addition to these core subjects, students are required to study Foreign Languages such as Japanese, German, Spanish, Chinese, and French.
Careers in International Business
Career opportunities are abundant for a degree holder in International Business. Aspirants are hired not only by international restaurant chains and airlines but also by non-profit and government organizations. Several international banks also recruit individuals carrying an International Business degree. Hospitality, tourism and travel are a few other industries that provide employment opportunities to students post-graduation.
A few other career options that candidates can take up jobs in are international logistics, international finance, foreign exchange management, export and import management, and international marketing. Consultant positions in international organizations are widely popular for the generous package offered. A career in International Business can take candidates to different parts of the world, providing them with the enriching experience of travel, living among different cultures, adapting to a different lifestyle, and building a highly rewarding career simultaneously.
Although highly sought after yet available in limited institutes, studying the International Business specialization can lead to a fantastic career trajectory.
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With the growth of the economy, many businesses are looking to expand their operations outside country borders to maximize profits. With markets undergoing rapid evolution, understanding the emerging trends in International Business will help one take advantage of the dynamics of the environment. Some of the latest developments being seen in the International market are:
Growing Developing Markets- As developing countries come closer to the living standards of the developed world, they will see the highest economic growth. Any business can experience rapid growth by selling to these developing markets.
Demographic and Population Shift: The industrialized world’s population is ageing, whereas many developing countries still abound in the youth population. Businesses which cater to the needs of well-off pensioners can find their key demographic in the developed countries, whereas those whose customers are majorly in the young families, children and mothers’ population can benefit from selling to developing countries.
Speedy Innovation: Many new companies have been developing many new products as well as improved versions of existing products. This has led to an increasing pace of innovation, and as a result, Western companies are no longer automatically counted as to be the forerunners in technical development. As more businesses in the emerging developing countries continue to acquire the expertise for innovation, this trend is only expected to intensify.
Slower Economic Growth: Western economies have gone into a state of stagnation, leading to a slower emerging market growth. Over the next several years, economic growth is expected to get even slower. International businesses must plan to make profits despite the slower demand.
Clean Technology Emergence: With countless businesses operating across the world, the effects on the environment have been magnified. Environmental factors already play a very important role in the West and are gradually becoming a major influence worldwide. A recent trend has emerged focused on the marketing of cleaner, more environment-friendly technologies internationally. This market is expected to see major growth, perhaps more rapidly the overall economy.
Certifications for International Business
Job Profiles and Top Recruiters
After acquiring a degree in International Business, candidates have a plethora of job profile options to choose from. Each profile comes with a different set of responsibilities, career trajectory, and salary. Some of the common job profiles offered to candidates are:
Managing, developing, and implementing product marketing for the maximization of sales in the international market.
Administering export of goods, responsible for financial matters and transactions.
International Finance Manager
Coordinating with financial management like grants management, budget planning, accounting operation, financial forecasting.
International Logistics Manager
Coordinating with overseas vendors for managing import activities to meet service level expectations.
Global Business Manager
Developing and implementing innovative marketing, managing expenses and preparing budgets, developing market plans for an increase in sales and high profits.
Top Recruiters in International Business Sector
Some of the top recruiting companies in India for jobs in International Business include:
Meanwhile, some international companies which recruit international business students are:
U.S. Department of State,
The International Trade Commission,
U.S. Department of Commerce,
Boston Consulting Group,
Salaries of the various job profiles available to candidates after completing their education vary based on responsibilities, and level of seniority. The average salaries for some common job profiles are estimated as:
Average Annual Salary
International Brand Manager
Rs. 10.77 lakhs p.a. (Approx.)
Rs. 6.67 lakhs p.a. (Approx.)
International Finance Manager
Rs. 5.16 lakhs p.a. (Approx.)
International Logistics Manager
Rs. 6.18 lakhs p.a. (Approx.)
Global Business Manager
Rs. 5.00 lakhs p.a. (Approx.)
Required Skillset for International Business
International Business is a field of work which requires a great deal of communicating with international clients, pitching business solutions, and living abroad. A career, this demanding, calls for a certain acumen in International Business-related skills. Some of these skills are:
Cross-Cultural Communication: Working in a diverse workplace with colleagues coming from various backgrounds makes cross-cultural communication an indispensable skill. This entails a significant amount of respect, diplomacy and sensitivity. One must always make an effort to understand, learn, and appreciate differences in cultures when it comes to communication.
Outstanding Networking Abilities: To build a successful career in International Business, one must be able to develop a robust network of foreign connections. With good networking skills, many unexpected opportunities may crop up overseas. While online social platforms have made it much easier to establish a network outside one’s home country, it is still important that one possess in-person networking ability as well.
Ability to Collaborate: Success in any business, international or otherwise, involves working well with others, particularly with team members from various cultural backgrounds. Collaboration skills involve allowing others to take the lead, confidence in tackling problems, sharing credit for the success, and finding the balance between respectfully arguing your point and respecting others’ opinions.
Adaptive Thinking: An International Business environment is dynamic, requiring quick reaction and adaptation abilities. Those who possess adaptive thinking skills can thrive in these ever-changing environments. Studies suggest that adaptive thinking can be developed from impulse control, curiosity and humility.
Strong Emotional Intelligence: Today’s HR likes to evaluate candidates based on their EQ, rather than the more traditional IQ. Emotional Intelligence is a critical skill in international business because it influences many aspects of business interaction. Strong emotional intelligence refers to self-awareness and control over one’s emotions.
Interpersonal Influence: Fundamental to business success is the ability to influence others, be it to secure funding for a new venture, persuade an investor, or convince a customer to buy your product. The greatest business leaders develop good professional relationships and build respect to gain influence. Networking, communication, and collaboration can all contribute to honing this skill.
Course Curriculum for International Business
International Business studies provide candidates with the opportunity to inculcate practical knowledge and skills essential to the practice of trade and commerce.
Students are required to study several core courses and choose one focus area among Economics and Finance, Marketing, Management, or Sustainability and study a Foreign Language.
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Frequently Asked Questions (FAQs)
Question: Is it enough to acquire a BBA in International Business?
Yes, a BBA degree in International Business affords graduates many entry-level job profiles to start their careers with. The BBA-IB course prepares students for tackling practical situations, thereby prepping them to climb the career ladder gradually without the absolute necessity of completing an MBA degree.
Question: Is Mathematics compulsory for BBA International Business?
In many universities, studying Mathematics in class 12 is not a mandatory prerequisite for admissions. However, studying Mathematics plays out as an advantage to the student by giving them a strong calculation base which can prove an advantage in the future.
Question: What are the popular recruiting areas for graduates of BBA-IB?
Top recruiting areas include Dry ports, Banks, Logistic companies, and Export houses.
Question: Is BBA International Business a good option for a career?
If you specifically wish to work in International Business, you should pursue BBA IB as this specialization prepares you for an International Business-specific career. If, however, your aims are not specific to the field of International Business, you can study BBA generally.
Question: What is the main purpose of specialization in International Business?
The main purpose of studying and working in International Business is the promotion of the business, an increase of sales, expansion of the business, earning higher profits, sharing ideas and techniques for gaining profits internationally.
Questions related to International Business
What are the MBA colleges in international business best college with low fees
There are several international business colleges which provide Masters in Business Administration course especially in the field of international business and here is a list of few of them
Master of Business Administration Offered By IIMT University
Master of Business Administration MBA Offered By Roorkee Institute of Technology - RIT
Acharya Nagarjuna University
Jamia Millia Islamia
Institute of Management Studies Banaras Hindu University
PGDM in Entrepreneurship Offered By Entrepreneurship Development Institute of India
Department of commerce University of Delhi
LN Mishra Institute of Economic Development & Social change
If you want to know more about business schools and courses check on the link given below
i hav finished my b.sc in science can i am eligible for m.sc in international business if yes then how my previous study related to this???
The eligibility criteria to pursue msc in international business is to have 50% marks in bachelor of commerce undergraduate degree and the admission process to get into good college is through CAT/XAT/GMAT.
However, there are some universities which will allow a science graduate to pursue msc in international business but you need to crack above listed exams for entrance and lot of hardwork is also required to gain basic knowledge of commerce subjects.
Talking about relativity, both are completely different fields with varying job profiles.
MBA in international business best college with low fees
There are numerous colleges offering MBA in international business. Some of the best government college offering this course with low fees are the following
- LN Mishra Institute of Economic Development & Social change, Patna
- Institute of Management Studies, Banaras Hindu University
- University Business School, Punjab University
- Jamia Millia Islamia
- Department of commerce, University of Delhi
- Pondicherry University
- Bangalore University
- Acharya Nagarjuna University
For more information you can visit in the link provided below
Hope this information will help you
MBA in international business south india
There are a variety of top international business schools in South India providing MBA courses, and here are a few of them-
Indian Institute of Management Bangalore
Indian Institute of Management Kozhikode
Indian School of Business Hyderabad
Xavier Institute of Management and entrepreneurship
ICFAI Business School
Symbiosis Institute of Management
Christ University Institute of Management
Loyola Institute of Business Administration
Indian Institute of Technology Madras
Institute of financial management and research
National Institute of Technology surathkal
National Institute of Technology tiruchirappalli
Hope you found it helpful.
If you have any further queries feel free to post it here!!
Bba in international business management colleges in bangalor Bhubaneswar delhi
There are only few college in Delhi and Bangalore that offers BBA in International Business Management courses . They are the following
- MILLENNIUM SCHOOL OF BUSINESS, DELHI
- CHRIST UNIVERSITY
There are no college in Bhubaneswar offering BBA in International Business Management course.
Hope this information will help you