Top MBA in International Business Colleges in India 2024

MBA in International Business Colleges in India is very popular. Big companies like TATA, BIRLA, Mahindra, and Infosys are looking for graduates with this degree. They want people who understand how business works globally. This MBA program teaches you about exports, imports, logistics, and international laws.

It also covers banking, finance, investment, IT, and operations. Because of this, an MBA in International Business Colleges in India is in high demand. Some of the top B-schools like IIFT Delhi & Kolkata, MDI Gurgaon, and FORE School of Management offer this program with few others. If you are planning to study abroad then check International Business Management in Canada to broaden your expertise. 

In this article, we will talk about who can apply for this MBA, what jobs you can get after, and how much you can earn. So, if you are interested in business and want to work in a global market, this could be the right choice for you.

What is an MBA in International Business in India?

MBA in International Business or MBA-IB is a special program that teaches you about global business. You learn about foreign policies, trade, investments, and more. After finishing the course, you can get a job with a salary between Rs.10 lakh to 75+ lakh per year. Some students also start their businesses. You can work in the government, public sector, or private companies like banks, airlines, and hotels.

In this program, you study things like global competition, finance, marketing, and logistics. You also learn about international laws and customs. To join a top MBA-IB college, you need a bachelor’s degree with at least 50% marks. You also need a good score in MBA-IB entrance exams like CAT, XAT, or NMAT. You can join this program full-time for two years, one year, or part-time. Some colleges also offer online courses.

Types of MBA in International Business Programmes in India

MBA in International Business programs come in three different categories:

1. There is the 2-Year Full-Time MBA or PGDM in International Business offered by top B-Schools like IIFT and MDI Gurgaon.
2. You have the 1-Year Full-Time MBA or Post Graduate Certificate Program in International Business provided by top B-Schools like IIM Calcutta.
3. There is the MBA Specialization in International Business within the 2-year full-time General MBA/PGDM Program offered by institutes like IIM Ahmedabad, IIM Lucknow, and FMS Delhi.

Syllabus and Courses

In the first year of your MBA International Business program, you will cover basic subjects like Marketing, Accounting, Finance, and Human Resources Management. These core courses give you a solid foundation in business principles.

But in the second year, you will dive deep into specialized topics that focus on international business. Here is what you will learn:

• Fundamentals of International Management
• Cross-Culture Management
• International Business Strategy
• International Economics
• International Financial Management
• International Marketing Management
• International Trade Logistics
• International Trade Operations & Export-Import Documentation
• IT Application
• Legal Aspects of Business
• Management of Global Sourcing
• Supply Chain Management
• Trade Analytics
• Financial Risk Management
• Project Appraisal and Finance
• Financing of International Trade
• International Contract Management
• International Business Negotiation
• Strategy in Emerging Markets
• Strategy Execution and Tools
• Online Business & E-Commerce
• Green Strategy for Global Operations and Logistics
• Management of Shipping Services
• Sectoral Strategies for International Business
• Managing Global Compliance in Exports
• Customs & Excise Management
• Agri-Commodity Trading (ACT)

Eligibility Criteria

To get into an MBA International Business program, there are two main things you need to focus on:

1. You must have a bachelor’s degree with at least 50 or 60 percent marks. This also  vary and depends on the institute’s requirements.
2. You need to register for and take an MBA entrance exam like CAT, GMAT, XAT, or SNAP. Your score in this exam is important as it determines whether you will be shortlisted for admission.

Admission Process

To get into an MBA in International Business program, you will follow a process similar to other MBA courses. Here is a step-by-step guide that you need to follow:

1. You must meet the eligibility criteria. You need at least 50% marks in your graduation.
2. You should apply for and take the MBA International Business Entrance Exams accepted by the institute you are interested in. For example, IIFT, IIM Lucknow, and MDI Gurgaon accept CAT, while SIIB Pune accepts SNAP, and NMIMS accepts only NMAT. FORE accepts CAT and XAT scores.
3. You should prepare well for the entrance exams to increase your chances of success.
4. The cutoffs for admission into MBA International Business programs are generally lower than flagship MBA programs. But they still offer the same level of learning and good placement opportunities.
5. If you are shortlisted, you will need to appear for the final selection round. This may include an interview.
6. Once you are selected, you will need to pay the course fee to secure your spot in the MBA Finance Course.

How To Choose The Best MBA Program in International Business?

When it comes to MBA programs in International Management, you will find various options available. Some are standalone programs, while others are part of regular MBA programs. They can be full-time or part-time. This offers flexibility to students. 

In most two-year full-time MBA programs, you will specialize in International Management during the second year. However, some top institutes offer specialized MBA programs in IB right from the start.

If you opt for a general MBA program at a top B-school, you will typically choose your specialization after the first year. But if you join a specialized MBA program, you will start focusing on IB from day one. So, it is essential to decide beforehand if you want to choose your specialization after a year of study or start straight with an MBA in IB without the option to change later.

Best MBA in International Business Colleges in India

Here is a list of some of the best MBAs in International Business colleges in India. They are well-known for their top-notch education in the international business field.

1. Symbiosis Institute of Business Management

The Symbiosis Institute of Business Management in Pune was founded in 1992. It is part of Symbiosis International (Deemed University) (SIU). The university received a grade ‘A++’ accreditation from NAAC in 2022.

SIIB offers postgraduate courses in Business Administration. The institute covers an area of 1.93 acres. To apply for admission to SIIB Pune, you need to meet the eligibility criteria and take the Symbiosis National Aptitude (SNAP) entrance exam. Admission is based on SNAP scores, a written test, and a Personal Interview.

SIIB provides MBA programs in three specializations: International Business, Agri-business Management, and Energy & Environment. The placement cell at SIIB Pune assists students in securing good packages with relevant companies.

SIIB Pune offers facilities that include a library, separate well-furnished hostels for boys and girls, indoor and outdoor sports facilities, a cafeteria, a health and medical care center, an indoor swimming pool, and an auditorium.

• Location: Pune, Maharashtra 
• Placement Package: Rs 24,00,000 per annum

2. Indian Institute of Foreign Trade (IIFT) 

IIFT Delhi was established in 1963 by the Government of India. It is a top B-school known for its specialized programs in International Business and Business Analytics. It operates under the Ministry of Commerce and Industry. It is soon expected to be recognized as an Institute of National Importance. 

One of its popular programs is the two-year MBA in International Business (IB). This program aims to prepare professionals for the global business landscape. This program covers various aspects of international trade, finance, marketing, logistics, strategy, and economics. It also offers electives and foreign language courses to enhance students’ global skills. 

To get into the MBA (IB) program, you need to clear the Common Admission Test (CAT) conducted by the Indian Institutes of Management (IIMs). While the admission criteria are not yet released, the cutoff percentile is typically around 97.

• Location: Delhi, India 
• Placement Package: Rs 29,00,000 per annum

3. MDI Gurgaon

MDI Gurgaon was established in 1972. It is a prestigious institution accredited by various bodies like the National Board of Accreditation (NBA), AACSB, AMBA, and SAQS. It is highly ranked, holding the 13th position in NIRF 2023 and the 7th position in India is Best B-Schools by Business Today in 2023.

The institute offers a range of programs, including the flagship PGDM program in both offline and online modes. Also, there are Executive PG courses, Fellowship programs, and Management Development programs available.

For the two-year full-time PGDM programs, admission is based on merit in the CAT examination. This is followed by GD and PI rounds. Foreign nationals, NRIs, and PIOs need to take the GMAT exam for admission.

MDI Gurgaon boasts impressive placement records, with the highest placement at Rs 60 LPA and over 470 students placed. The campus covers 35 acres and houses two schools: the School of Public Policy and Governance and the School of Management of Financial Institutions.

• Location: Gurugram, Haryana
• Placement Package: Rs 27,65,000 per annum

4. FORE School of Management (FSM)

FORE School of Management is situated in South Delhi. It is a renowned private business school. It was ranked 63rd among the top management colleges in India by NIRF in 2023.

The school offers PGDM courses in International Business, Financial Management, and Big Data Analytics electives. Also, it provides Executive MBA and FPM programs.

For PGDM admission, FORE School accepts valid CAT, XAT, and GMAT scores. For the FPM program, students are shortlisted based on CAT, GRE, GMAT, GATE, JRF-UGC/CSIR, and FORE Entrance Test scores. This is followed by WAT, Research Proposal, and PI rounds.

The school achieved a 100% placement record for the Batch 2021-23. The highest package offered was at Rs 30 LPA and an average package of Rs 15.1 LPA during Placement 2023.

• Location: New Delhi, India 
• Placement Package: Rs 15,10,000 per annum

5. Birla Institute of Management Technology (BIMTECH)

Birla Institute of Management Technology (BIMTECH) is among India’s leading management institutes. It was founded in 1988 and backed by the Birla group of companies. It is ranked 48th by NIRF 2023 among the top 100 management institutes in the country.

BIMTECH offers a flagship 2-year PGDM program with 240 seats plus 45 supernumerary seats. Admission to the PGDM program is based on exams like CAT, XAT, CMAT, and GMAT. It is followed by a Personal Interview and Extempore. The CAT cut-off for PGDM at BIMTECH is 75 percentile.

The PGDM fee at BIMTECH is Rs 14 lakhs for the 2-year program, inclusive of hostel charges. During the 2023 placement drive, the highest package at BIMTECH was Rs 23.43 LPA, with an average package of Rs 11.25 LPA.

• Location: Greater Noida, Uttar Pradesh
• Placement Package: Rs 11,25,000 per annum

6. IIFT Kolkata

The Indian Institute of Foreign Trade (IIFT) Kolkata is an autonomous body under the Ministry of Commerce & Industry, Government of India. It was established in 1963 and granted deemed to be university status in 2002. In 2021, it received AACSB accreditation.

IIFT Kolkata offers various postgraduate, doctoral, and PG Diploma programs in management, economics, international business, trade, and finance. 

These include an MBA in International Business, an MA in Economics, Ph.D. Management, Ph.D. Economics, Executive Post Graduate Diploma International Business, MBA International Business (Weekend), MBA International Business (Online), MBA in Business Analytics, Integrated Programme in Management, and various certificate programs in Export Import Management.

The placement cell at IIFT Kolkata arranges training programs, group discussions, mock tests, and aptitude tests for students. It has ties with numerous recruiters such as AMNS, Asian Paints, Cargill, Diageo, Grasim, Relaxo, Samsung, TVS Motor, United Breweries, Vedanta Group, and many others.

• Location: Kolkata, West Bengal
• Placement Package: Rs 29,10,000 per annum

7. T A Pai Management Institute

T A Pai Management Institute Manipal is a private institution that began in 1980. It is part of Manipal Academy of Higher Education, Manipal. The institute has recognition from AICTE, AIU, and accreditation from AACSB.

At TAPMI Manipal, you will find various programs like MBA, Ph.D., and others. To join, you will need to meet the eligibility criteria.

TAPMI Manipal offers plenty of facilities for students and faculty. This includes a library, auditorium, sports gear, modern classrooms, labs, cafeteria, hostel rooms, and more.

• Location: Manipal, Karnataka
• Placement Package: Rs 15,50,000 per annum

8. Globsyn Business School

Globsyn Business School (GBS) was established in 2002 by Mr. Bikram Dasgupta. GBS offers two AICTE-approved programs: PGDM and PGDM in Business Analytics. The MBA (Global) program at GBS specializes in International Business, in partnership with the Malaysia University of Science and Technology. 

Admission to GBS Kolkata is based on your scores in entrance exams like CAT, MAT, XAT, CMAT, ATMA, or JEMAT. 

Since its beginning, Globsyn Business School has achieved excellent placement records. In the 2023 Placement Season, the highest package offered was Rs 23.34 LPA, with an average package of Rs 7.51 LPA. 

Over 100 national and international companies hired students from the B-school in the last academic year. GBS Kolkata also provides scholarships to deserving students from financially weak backgrounds.

• Location: Kolkata, West Bengal 
• Placement Package: Rs 7,51,000 per annum

MBA in International Business Career Options

If you complete an MBA in International Business from a reputable college, it opens up lucrative career paths for you. Let’s see the types of companies that hire MBA graduates in International Business:

A) For Jobs in India

MBA graduates in International Business are not limited to international job profiles. Since the program covers core MBA subjects like Marketing, Finance, and HR, graduates are sought after by domestic companies for various roles. For example, at institutes like IIFT, students are offered positions in Sales & Marketing, IT/ITES, Finance, and Strategy & Consulting by companies like HUL, AXIS Bank, ICICI Bank, TCS, and WIPRO.

B) For International Job Profiles

Some MBA graduates in International Business also land international job profiles. This is true especially when companies require managers to look after global operations. These opportunities can arise in top Indian companies with global footprints like TATAs, Mahindra Group, and Aditya Birla Group, as well as in global companies and MNCs recruiting Indian MBAs for both domestic and international roles.

If you are interested in specialized roles in International Business, entry-level positions include:

• Manager – International Business
• Manager – International Finance
• Manager – International Operations
• Manager – Export & Imports
• Manager – International Logistics
• Manager – International Trade

Frequently Asked Questions

Conclusion

If you are passionate about pursuing a career in MBA in International Business colleges in India, you have different options to choose from. 

If you are ready to commit full-time, you can join a specialized MBA program right from the start. Top B-schools like IIFT, MDI, and SIIB have separate admission processes for MBA/PGP International Business programs.

But, if you are short on time, you can opt for a one-year full-time MBA in IB at institutes like IIM Lucknow or CEMS-MIM at IIM Calcutta. If you are already working and cannot attend a regular program, you can enroll in a part-time or online MBA International Business program. You should research well and choose the option that fits your needs perfectly.