An MBA degree is considered to be one of the most desirable degrees. There are umpteen career options springing forth for an MBA graduate. The graduates are offered salary packages and positions which not only garner financial security but also give them job satisfaction. The up and coming development in the corporate world has given rise to a newer format of MBA which is MBA International Business. The course work equips the students with adaptability towards the changing trends of the global market place, thus making it a globally acceptable and desirable course.
Why MBA International Business?
There is an immense rise in the number of international companies which are making business and economy more international each day. The countries are trying to harbour these companies in order to make business more smooth and functional. This has led to an increase in the demand for courses such as MBA International Business.
The international companies have the foresightedness to establish, expand and grow the business abroad which makes the scope of MBA in International Business wider. Along with these factors, the course also ensures that the candidates are well travelled across the globe and make the most of their experiences by implementing strategies which will help a corporation grow. MBA in IB is, therefore, one of the most sought after degrees which has an edge of travelling, unlike other streams.
Scope of MBA in International Business
When it comes to understanding the scope of MBA International Business it is all about having a nuanced understanding of the economic trends of the world along with putting resources to optimum use. It is too simplistic to think that MBA in IB prepares the graduated for international firms. They are also trained in implementing the global trends in their domestic countries thereby ensuring holistic growth of the national and international agencies.
The scope of MBA in IB lies in the opportunities that the colleges such as the ShardaUniversity offer. Not only graduates are offered with attractive packages but they also develop a knack for the industry-specific knowledge. The course enables the graduate to travel abroad and settle in any part of the world. This makes it a wholesome package.
Career Options after MBA in International Business
MBA in International Business management is hired by some of the world’s best companies like Amazon, Apple, Bank of America, Walmart, Cognizant, Capgemini, Deloitte, Wipro, Bharti Airtel, ICICI Bank, Accenture, TCS, BCG, Goldman Sachs and its likes. With the knowledge, acumen and information that is related to the international market and the economic conditions, the graduates can pick whatever geographical location they want to grow professionally. The degree has the scope of getting an offer which can help the candidate to shift to a different nation.
The career opportunities are not just the big multinational corporations but the government agencies also hire students who have pursued MBA International Business. Some of the graduates also work at non-profit organizations which cater to research and analytics in understanding global economic patterns. A degree obtained in International Business management can specifically get the candidates a job in or as:
- Administrative service manager
- Chief executive officer
- Consultant for an international organization
- Export and import management
- Export coordinator
- Foreign exchange management
- International finance
- International logistics
- International marketing
- Management analyst
The other different opportunities that exist include being a global business manager, project manager, material manager, supplier manager or investment-banking manager.
Value of MBA in International Business
The course curriculum is such that the graduates learn everything under the sun about global resources and its utilization. The graduates with an MBA in IB often get a job in the same field very quickly. Another plus factor of the degree is that salary packages are quite attractive. The candidates are offered with a normal package within the range of Rs. 34,89,175 ($50,000) per annum- Rs. 59,31,597 ($85,000) per annum.
If the candidate displays a much more bright and promising capabilities then he/she can be directly up for high-profile jobs like that of an investment banker and/or risk analyst, with an offer of more than Rs. 69,78,350 ($1,00,000) per annum. When it comes to the value of an MBA in International Business, the graduates are up for high paying job along with high profile opportunities. Needless to say along with this, the attractive offer of travelling the world and gaining experience is an additional delight. The packages for each designation may be subject to variation but the experience which one gains from the coursework makes IB an attractive field.
So, if one has a knack for global economic trends and patterns, one need not hesitate to explore the scope of international business in the coming years. Not only the degree offers financial stability to the graduates but also ensures that the two years of their journey is a wholesome affair when it comes to gaining apt skills and knowledge.