Management education is the trendiest course of the hour. Master of Business Administration is a highly-ranked post-graduate degree that ensures highly fulfilling career rewards. India presently has many institutions that offer not just regular but also Online MBA courses with multiple specialisations.
More flexibility, self-paced learning, recorded lectures, sessions to solve queries, EMI options for fee payment, etc. are just some of the reasons why Online MBA degrees have become the new favourite for management aspirants. It comes as an easy way out for professionals engaged in full-time jobs or students who can not devote time to visit an institution daily. Online MBA gives them the chance to pursue learning while taking care of their other commitments.
As you are already aware that the field of MBA is vast with many specialisations for learners as per their choice of industry that they wish to venture into. International Business is one such specialisation in management studies that is a highly preferred choice for the students.
International Business: The Master of Global Business Learning
Students usually get to choose what specialisation they wish to venture into in the second year of the course. International Business is one of the many fields offered in management education as a specialisation.
International Business Management teaches students about facts, technology, knowledge, capital, the exchange of services and goods, and everything related to business conducted across borders and on a global scale.
It also includes all lessons related to different permits, agreements, strategies, etc. applied when different forms and companies make use of different products, services, materials, processes, etc. while being interconnected on a global scale.
In simple words, it is about learning how a country makes the exchange of its technology, products or services, knowledge of processes, inventory, etc. with different countries with which the business is a prosperous act. All this is possible thanks to globalisation.
Scope of MBA in International Business
Online MBA in International Business is a well-versed degree that has ensured long-term career growth. With this postgraduate degree, you can go for roles that are based globally and have high-earning potential.
1. International Business Consultant
Being an International Business Consultant would mean that you will take on the role of handling the business affairs of the company with multiple international clients. As a Business Consultant, you will be making decisions in favour of the profitability of the business, keeping a check on the previous reports and records, and changing decisions and steps to be taken to favour business growth.
Your role will also encompass being in touch with your international clients, making sure that all the processes related to the business are updated and all demands of the international business with clients are being catered to.
- Average Annual Salary: INR 13.6 lakhs
2. International Finance Manager
As an International Finance Manager, your professional role will be to handle the finances of the business and constantly work towards increasing the profits of the company. As an You will have to make sure that all the investments made are returning with higher amounts of profits. You will be analysing different financial budgets, reports, business statements, etc., and keep an eye on ever-changing trends in the finance market.
You will also be making decisions related to finances, investment, capita, income, assets and liabilities, mode of financial flow, depreciating capitals, etc. The flow of the finances, the mode of that flow, the management of those finances, and ultimately the return on the finances when invested will all be your duty.
- Average Annual Salary: INR 28.8 Lakhs
3. Investment Banker
The primary duty of an Investment Banker is to raise capital for a company either through equity or debt. You will not only be handling the capital for the company but also for the clients of the company. You will help those clients raise the capital to help expand the business and finance their various activities.
Investment Bankers work as intermediaries that offer the best financial advice for the companies and their clients to raise the value of money for different purposes and put their expertise into use to seek out the best investment opportunities as when to issue a debt or sell an equity.
As an Investment Banker, you are also supposed to conduct research regarding the finances, previous companies, financial records and help prepare different documents, and help with other legal issues related to monetary resources.
- Average Annual Salary: INR 13.2 Lakhs
4. Project Manager
A Project Manager is in charge of handling different projects at different levels, assigning the related tasks to the concerned teams and at the same time resolving any challenges that occur during the fulfilment of the projects.
The Project Manager is supposed to prepare a framework relating to the project. The game plan for completing the project on time, the approach that will be taken to complete the project, what steps and processes will be used, what tasks will the members of the concerned team carry out, and what challenges they may face.
The Project Manager will be the head of the teams that will be engaged for the project completion and will help them in sorting out any issues or discrepancies they may face. They are also supposed to work closely with the Finance, Legal, and other teams so that the project completion is done on time while also checking all the right spots.
- Average Annual Salary: INR 11 Lakhs
5. Global Business Manager
A Business Manager at the global level handles all the affairs related to the business flow within a company and with all its related clients. His/her main task is to oversee the affairs of the business and handle all tasks, goals, processes, challenges, etc. related to it.
A Global Business Manager ensures that all the operations in the company are working smoothly and different projects are operating efficiently and effectively simultaneously. He/she can make the desired changes to make sure that the business of the firm can survive through the changing global business environment.
The Global Business Manager keeps a check on different departments of the company to make sure that all the decisions taken by the departments do not hinder the growth of the business and ultimately favour the bloom of the business.
- Average Annual Salary: INR 16.7 lakhs
Best Universities for Online MBA in International Business
The following are some of the best-ranked online MBA Colleges for International Business Specialisation:
- Online Manipal University (Fee: INR 1.7 lakh)
- Amity University (Fee: INR 1.79 lakh)
- DY Patil University (Fee: INR 1.7 lakh for Indian students, INR 3.5 lakh for International students)
- IIFT, Dehradun (Fee: INR 4 lakh)
Eligibility
To be eligible for the programme, student needs to check the following requirements:
- They need to be a graduate with at least 50% marks. However, the benchmark score at the graduate level may change according to the requirements of the institution you are applying to.
- Some institutions may hold their entrance exam for admission into the Online MBA programme which the student needs to appear for.
Admission Process
If a student has qualified for the entrance exams and is eligible for admission into the MBA course, he/she needs to:
- Fill the application form, attach all the necessary documents and pay the application fee
- Appear for entrance exam (if applicable)
- Appear for GD(Group Discussion) and personal interview
- Pay the programme fee
If all of the formalities are completed and verified from the institution's end, you will receive a confirmation mail regarding the admission.
Conclusion
Online MBA in International Business is a very rewarding degree. After the course, management students can have a very prosperous career. International Business gives opportunity for the management students to work at a global level and earn the professional expertise and skills required in the field. Working in International Business will mean that you will have the opportunity to develop international connections, and learn the global business language which would lead to more benefits and growth for your career.
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