MBA in International Business Scope
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MBA in International Business scope is wide and comes with good returns. International students who pursue an MBA IB as it is referred, can grow themselves professionally and get good salaries. MBA IB grads earn 15% more than MBA Finance grads, in countries like USA, Australia, Canada and UK.
The articles will discuss about MBA in International Business scope and salary and how students can consider going for this specialization. There are also details about MBAs in international business scope and salary based on different job roles that they are in. Finally, which country is the best suited for those holding an MBA in International Business?
What is MBA in International Business?
MBA in International Business (IB) is a preferred MBA specialization available for international students abroad. This specialization of MBA includes studies in topics of - global business, emerging economies, trade relationships, international corporate ethics and leadership, helping students accelerate their career or education.
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Who Should Pursue MBA IB?
Those who are interested in pursuing career options related to the following list can pursue an MBA in international business:
- Foreign trade
- Global supply chain management
- Project management in an MNC
- Wish to work at any international consultancies
- Interested in working for import and export companies/departments
- Investment banking positions at international banks
- Global tourism sectors
What is the Scope after MBA IB Abroad?
There is a good scope for those holding an MBA in International Business from abroad and here are the reasons why:
MBA IB Scope in International Trade
The scope for an MBA in International Business in International Trade is for those who have a good knowledge of different countries and can understand how the exchange of goods and sales happens. Those who can understand international trading can find a good opportunity and pursue this as a full-time job role.
MBA IB Scope in Foreign Direct Investment
For MNCs or businesses abroad, those coming in with expertise in Foreign Direct Investment can help businesses grow abroad. Those who know about Foreign Direct Investment can analyse the economy of different countries and understand whether or not the business will function despite the investment. Thus, an MBA IB degree can help students hone their skills if interested in this type of job role.
MBA in International Business Scope in Foreign Currency Exchange
Forex or the Foreign Currency Exchange is a foreign currency exchange rate. It is the set price which represents how much it will cost to buy the currency of one country using the currency of another country. Those with an MBA in International Business can be a perfect fit for jobs like these because the scope of Forex conversions is needed for bigger businesses and how they invest.
MBA IB Scope in Global Marketing
Global Marketing is another essential aspect of understanding the scope of MBA IB degree holders. These degree holders help customers abroad to buy their goods and exchange services. The businesses get profitable if set up in a profitable and rich economy and offer their products to customers abroad. This acts as a medium to take the products abroad and sell them in countries by making them accessible easily.
MBA in International Business Scope in Negotiations Abroad
With an MBA IB degree applicants who are good with negotiations can join government job roles in external affairs or defence ministries to buy products from other countries and negotiate at the best possible price. Thus, this enhances the scope of MBA IB degree holders if entering into negotiation-type job roles abroad.
Thus, there are various aspects to understanding the scope of an MBA in International Business abroad. There are all these areas in which growth of graduates is guaranteed and can be considered if interested in working after getting a degree in International Business.
Benefits of MBA in International Business Abroad
Because the scope of MBA IB is pretty vast, it comes with a lot of benefits. So international students looking for benefits after graduating with a degree in International Business, can have a look at the following benefits:
- The average starting salary of an MBA in International Business degree holder is USD 103,000 annually.
- There are various job roles abroad which pay MBA IB graduates lucratively and between USD 80,000 and USD 197,000.
- The job vacancies will grow by 4% in the upcoming four years for those holding an MBA in International Business.
- Increasing demand for MBA IB degree holders because of the increasing number of companies internationally which require qualified executives.
- The salaries of MBA IB grads on average increase by 25% each year irrespective of their location of study.
Thus, there are ample reasons to pursue an MBA in International Business abroad based on its scope after graduation.
Top Universities Abroad Offering MBA IB
Some of the top universities abroad which offer an MBA with International Business as a specialization are as follows:
| Universities Abroad Offering MBA IB |
Parent University |
Location |
|---|---|---|
| Darla Moore School of Business |
USA |
|
| NYU Stern School of Business |
||
| - |
||
| - |
||
| ESSEC Business School France | ESSEC Business School Singapore |
ESSEC Business School |
France | Singapore |
| MIP Politecnico di Milano |
Italy |
|
| Nyenrode Business School |
- | Netherlands |
| - |
Lucknow, UP, India |
|
| Nanyang Business School |
Singapore |
|
| - |
UK |
There are over 100+ universities abroad which offer MBA IB to international students, which can be considered for admission.
Top Countries for Working in After MBA IB
After obtaining an MBA degree with an International Business specialization get good opportunities abroad. Usually, those with good experience previously can get better opportunities in developed economies of countries. For an MBA in international trade management scope is wider in countries like:
- USA
- UK
- Germany
- Canada
- Australia
- Singapore
However, there are also developing economies which have strict trade ties with other countries and also help potential aspirants to prove their mettle. The developing economies which have a good impact globally Include - India, Vietnam, Brazil, and other countries.
Thus, the scope of grads with MBA IB is higher in developed economies and then lower in developing economies.
Some countries are also famous for their industries, like Japan is known for its Technology, and South Korea is known for its textile, skincare and shipbuilding industries. So those looking for industry-specific career progression after an MBA in International Business can go to such countries also.
Also, check out:
MBA in International Business Scope and Salary Abroad
Since MBA in International Business grads are highly paid, the following is a list of the top 10 paying jobs after an MBA in International Business abroad:
| Top Jobs after MBA IB Abroad |
Average Salary |
Annual Salary Range |
|---|---|---|
| Chief Executive Officer (CEO) |
USD 185,007 |
USD 97,000 - USD 354,000 |
| Chief Financial Officer (CFO) |
USD 185,015 |
USD 119,000 - USD 280,000 |
| VP, Sales |
USD 143,293 |
USD 92,000 - USD 210,000 |
| Business Development Director |
USD 128,157 |
USD 76,000 - USD 194,000 |
| Senior Product Manager |
USD 123,887 |
USD 89,000 - USD 155,000 |
| Senior Account Manager |
USD 105,224 |
USD 75,000 - USD 145,000 |
| Supply Chain Director |
USD 133,977 |
USD 99,000 - USD 181,000 |
| Director of Global Sourcing |
USD 135,148 |
USD 116,000 - USD 145,000 |
| Senior Internal Auditor |
USD 97,478 |
USD 79,000 - USD 119,000 |
| Regulatory Affairs Director |
USD 150,225 |
USD 116,000 - USD 192,000 |
These are some of the highest-paid jobs abroad for international students holding an MBA in International Business. Thus, there is good scope after an MBA in International Business for international students to expand their horizons career-wise and get lucrative salaries as well in turn. The scope of Masters in International Business is based on its salaries, research and growth, thus they are all a part of the context.
Those who are interested in pursuing this course abroad can get in touch with the counsellors by signing up at Shiksha Abroad Counselling for free counselling. Or write to us in the comments below.
MBA in International Business Scope FAQs
Q. What is an MBA in International Business, and how does it differ from a regular MBA?
A. An MBA in International Business is a specialized graduate degree that focuses on global business practices, cross-cultural management, and international markets. While a regular MBA provides a broad overview of business principles, an International Business MBA emphasizes:
- Global economic systems and trade policies
- Cross-cultural communication and management
- International finance and marketing strategies
- Global supply chain management
Q. What are the key benefits of pursuing an MBA in International Business abroad?
A. Studying an MBA in International Business abroad offers several advantages:
- Immersive international experience aligning with the program's focus
- Exposure to diverse business cultures and practices
- Opportunity to build a global network of contacts
- Potential for internships with multinational corporations
- Enhanced language skills
- Improved adaptability and cross-cultural competence
- First-hand experience navigating a foreign business environment
Q. What are some top destinations for pursuing an MBA in International Business, and why?
A. Popular destinations include:
- United States: Home to many top-ranked business schools with strong international programs
- United Kingdom: Offers a diverse, multicultural environment and strong ties to global markets
- Singapore: A hub for Asian business with a strategic location for studying emerging markets
- Spain: Known for international business programs and a gateway to European and Latin American markets
- Canada: Offers high-quality education, multicultural cities, and post-graduation work opportunities
These countries are chosen for their quality of education, diverse business environments, and opportunities for international networking and career development.
Q. What are the typical admission requirements for an MBA in International Business abroad?
A. Requirements may vary by institution, but generally include:
- A bachelor's degree from an accredited institution
- GMAT or GRE scores (some schools may waive this)
- English proficiency test scores (TOEFL, IELTS)
- Work experience of usually 2-5 years
- Letters of recommendation
- Statement of purpose or essays
- Resume/CV
- Interview (for shortlisted candidates)
- Some international work experience or exposure may be preferred
Q: Is university of West of Scotland good for international students?
Q: How to prepare for UK 10th board exam 2025?
Those who are preparing for the UK Class 10 exam 2025 are recommended to follow the tips below.
- Know the exam pattern
- Make a proper time table as per the syllabus
- Solve previous year question papers
- Make short notes of important formulas and theorems
- Revise regularly
- Figure out weaker areas and learn them well
With proper planning and hard work, students can easily clear the UK 10th board exam.
Q: What rank is Wolverhampton University in UK?
The University of Wolverhampton is one of the best universities in the United Kingdom. The university is consistently ranked among the best universities nationally and globally. For nearly 200 years, the University of Wolverhampton has been consistently providing a quality of education to students and producing highly skilled graduates. The national rankings of the University of Wolverhampton are given below:
| Ranking Body | Ranking |
|---|---|
| The Guardian University Guide 2024 | #101 |
| The Complete University Guide 2024 | #117 |
Q: Does the University of Essex require IELTS?
International students whose native language is not English must meet the University of Essex English language requirements to get admission. The university accepts IELTS scores as proof of English language proficiency. Mentioned below are the IELTS scores required for UG and PG admission at the university:
English Language Test | Score |
|---|---|
IELTS | Overall score of 5.5 to 8.0 with minimum of 5.5 to 7.5 in each section |
The university also accepts the score of other English language tests such as TOEFL and PTE for admission to undergraduate and graduate programs:
English Language Test | Score |
TOEFL iBT | Overall score of 72 to 114 |
PTE | Overall score of 59 to 84 with minimum of 59 to 80 in each section |
Also read: Required IELTS Score for UK Universities
Q: How can I get a 100% scholarship to study in UK?
Yes, it is possible to get 100% scholarships to study in the UK. There are various external funding agencies that offer 100% scholarships to international students to study in the UK. Three main UK government scholarships for international students are;
However, to get 100% scholarships to study in the UK, international students must meet all the eligibility criteria and apply within the deadlines.
Q: How can I get admission in the University of Manchester?
The application process at the University of Manchester may vary depending on the course and level of study. However, here is the application process for UG and PG courses:
The Undergraduate Application Process:
Step 1: You can apply through the UCAS common application portal.
Step 2: Go to the website and select the course you are interested in.
Step 3: Ensure you meet the Entry requirements (Academic qualifications, English proficiency, etc.
Step 4: Once you decide on the course, submit documents such as SOP, Transcripts and personal statements.
Check out: tips to improve your SOP.
Step 5: You can track the application's progress through your given credentials by UCAS.
Step 6: Once the applicant submits the application to UCAS, it forwards to the University, and the admission teams carefully analyse the application document.
Step 7: The university will send you an offer letter once selected. Hence keep checking your UCAS portal for your application status.
The Postgraduate application process:
Step 1: Select the postgraduate course you are interested in from the University of Manchester.\
Step 2: Ensure you meet the entry requirements for the chosen program, as they vary depending on the course.
Step 3: Complete the online application by providing your personal information.
Step 4: Upload the required documents, such as Academic transcripts and proof of English language proficiency ( TOEFL/ IELTS). experience in your fields and references (depending on the course). You also may require Two LORs depending on the course.
To make your admission better, check out the following: How Admission Officers Evaluate your application.
Step 5: If your application is successful, you will receive an offer from the University of Manchester.
Q: What is University of Wales, Trinity Saint famous for?
University of Wales, Trinity Saint (UWTSD) was founded in 2010, is a public institution for higher education and research at multiple locations. It was set up under the 1828 royal charter of Lampeter, the institution was the result of the merger between Trinity University College and the University of Wales. The institution merged with the Swansea Metropolitan University in 2013.
- Top Ranked University: The UWTSD is not ranked by any major ranking body, however as per the university ranking given on the official website of the university, it is ranked among:
- #1st in Wales and UK Top 5 Film Production and Photography
- #1st in Wales and UK Top 5 Fashion and Textiles
- #1st in Wales and UK Top 20 Graphic Design
- #1st in Wales and UK Top 5 Education
- #1st in Wales and UK Top 20 Sports Science
- #1st in Wales and UK Top 20 Mechanical Engineering
- #1st in Wales for Fine Arts
- Variety of Courses: UWTSD offers more than 300 programs at various levels including undergraduate, postgraduate degrees as well as multiple online courses.
- Highly distinguished and learned faculties: the faculty at UWTSD is highly learned and distinguished which enables students to be the best in their field of study.
- High Placements: According to Graduate Outcome data 2019-2020 quoted by the UWTSD, more than 95% of its graduates were found to be employed within 15 Months of graduation. The average salary of a graduate is not explicitly released by UWTSD, however, as per some unofficial sources the average salary of the graduates of UWTSD is approximately INR 30-35L. with the highest salary being reported as high as INR 66.5L for jobs in Financial Services.
Q: What is the cost of an Essex MBA?
The University of Essex MBA cost is vary from INR 17 L to INR 27 L for first-year. The university offers an affordable MBA programme to international students. The table below includes the complete first year cost of studying MBA program:
Fees components | Amount (for 1 year) |
|---|---|
Tuition & fees | INR 27,67,000 |
Hostel & Meals | INR 6,59,321 |
Insurance | INR 85,888 |
Total approximate fees | INR 35,12,209 |
Also read: MBA in the UK Cost
Aishwarya is a professional Writer currently working as a Study Abroad Expert in the Editorial Team at Shiksha. She has over 5 years of experience and is skilled at creating Online Content with leveraged knowledge i... Read Full Bio
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The University of the West of Scotland has five modern and diverse campuses in United Kingdom. The University has welcomed more than 3,000 international students which are representing 1/3 of the globe. They also have 130 European partners who are actively in global study and exchange options through the Commonwealth universities programmes. The University also offers study abroad opportunities for UWS who are eligible for the same and also have more than 20 transnational education partners worldwide which helps them deliver UWS Bachelors and Masters Degrees around the world.