Monday, 12 May 2014

MBA/PGDM in International Business

Liberalization, Privatisation and Globalisation has opened new areas of business activities at International level. In the era of Globalization, MBA /PGDM in International Business is an attractive study and career option for management students because of the career opportunities with high pay packages and International exposure it offers to them. It is the best time to pursue a Management course in International Business as Indian companies are planning to open their wings to fly in the sky of globalization, which will add more career opportunities for the students in India.

An MBA in International Business is equivalent to a normal MBA with additional knowledge of various areas of International Business. It gives special training to students in various aspects of international business such as:

  •          International Finance which deals with raising Capital from International Markets 

  •          Export-Import Management in which policy, procedure and documentation required in exports and imports are performed. 

  •          International human resource management in which creation of expatriates, cross cultural training and Global recruitment and selection is learnt.

  •          International Marketing in which the various techniques of Marketing is learnt and obtained as per the need of Host country.

  •          Foreign Exchange Management which deals with currency conversion, fluctuation in exchange rates and Exchange risk, Derivatives etc.

  •          Logistics Management which deals with the distribution network for making availability of goods from the country of production to the country of demand (host country).

Institutes offering MBA in International Business

At present, the more reputed and Top B-Schools like Indian Institute of Foreign Trade (IIFT), New Delhi, Symbiosis Institute of International Business, Pune, Jagannath International Management School (JIMS), New Delhi, GITAM Institute of Foreign Trade, Vishakpatnam etc are offering PGDM/MBA in International Business normally for two year full time course.

A candidate should choose a reputed Institute on the basis of Placement Package (Highest and Average) Companies for Placement, Infrastructure like well equipped library, Lab, Internet & Wi-Fi Facility, Faculty experienced, International tour and exposure etc.  These all should be carefully evaluated and compared before taking admission into. Candidate should  avoid institutes which are not having good placement track record.

Career Opportunities after MBA/PGDM in International Business

After doing MBA/PGDM in International Business, students have very good placement opportunities and International exposure in the following areas due to the specialized training and learning:

      International Marketing Departments of Companies having production  in foreign countries
      International placements in company offices abroad MNC's such as P&G, Nestle etc. 
      In Export/Import departments of Engineering, Pharmaceuticals, FMCG & IT companies. 
      In International bank such as HSBC
      In Travel houses & Tourism sector
      In International logistics and Courier companies (DHL, Exel Logistics) 

The fresh Graduates are generally recruited as a Management Trainee (MT) for 6-12 Months and average salary offered to a fresher by companies in International Business Management ranges between Rs. 3.6 lakhs to Rs. 8 lakhs per annum. For international Project the salary can be up to Rs.12-18 lakhs per annum.

The Companies preferably select International Business graduates for overseas projects as these candidates can easily adjust with the new culture of the Host country because they are already having some knowledge and exposure of International business Management.

jims new delhi
This article is written by Ms. Rama Mishra, who is Assistant Professor at JIMS Delhi, Kalkaji Campus. She is appointed in management department of, jims new delhi, kalkaji campus.

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