How beneficial is an MBA in International Business?

Globalization is not just a vital need today, it is practically inescapable. Any business that is new to the business market or is just starting to get established highly requires expansion. And expansion no more means just covering the Indian market; it has to reach out to the Indian Diaspora and even natives of other countries. This benefits the business as well as the market of the country. This “need” has led to the introduction of International Business to management students. Top MBA institutes of India, especially several reputed B-Schools in Rajasthan, have started providing courses in International Business to their students.

Furthermore, a number of industries and organizations are hiring International Business graduates to represent their company with impeccable and practical knowledge of the global business market. They are also helpful in suggesting how to modify the business ethics and working to fit to the international needs.

A plethora of job opportunities open up for graduates of this course. These jobs not only pay them handsomely, but also bring great respect and reputation to them. Some of these jobs, which a graduate in International Business qualifies for, include:

• Consultant
• Export managers and executives
• International Finance Manager
• Global Business Manager
• International business consultant
• Brand Manager
• Management Consultant
• International Business Development Manager
• International Marketing Manager
• Export coordinator
• Material Manager
• Account Manager
• Marketing Manager
• Project Managers
• Supplier Manager
• Investment Banking Manager

MBA in Banking and Insurance

Masters of Business Administration in Banking and Insurance is a less popular specialization among the youth. The aim of this program is to inculcate the skills and knowledge required to take up the profession of banking and insurance. The subjects that are majorly covered in this degree include-

• Quantitative techniques
• Business Economics
• Financial products
• Banking and Accounts
• Marketing Management

Eligibility Criteria
If you intend to apply for this course, make sure that you have secured 50% in Bachelor’s degree in commerce stream. The duration of this program is also 2 years like any other MBA program.

The program is not available at all the Best MBA Colleges in India. If you are looking for this program, check out the official website of Mody University, which offers this program.

Career Prospects
Those who have in-depth knowledge of finance and management, they can find a string of opportunities in banking sector. These graduates must appear for All India Examination through which banks hire. However, other graduates are not restricted from this exam from any stream whatsoever. For senior positions, the candidates who have specialized they are preferred over others.

Apart from this, another requisite is good communication skills. One should possess the capability to tackle customers. They should know the basics related to the industry. The candidates may have to specialize in particular arenas like loan and foreign exchange or credit appraisal. These specializations are required if you wish to grab a senior position in private sector bank or overseas bank.

Pay Scale
The salary scale for officers varies between INR 15000 - Rs.20000 per month, at the initial stage. Those who have completed MBA in Banking and Insurance from any of the Best MBA Colleges in Rajasthan like COBMEC at Mody University, they can certainly expect a better package.