About the Course
A Master’s in International Business is designed to equip students with the strategic management skills and global business knowledge necessary to operate in the international marketplace. This program typically spans one to two years and is ideal for those looking to advance their careers in global business environments.
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Key Highlights of Masters in International Business
Highlight
Description
Global Perspective
Emphasizes global business strategies, international trade, cross-cultural management, and global economics.
Specializations
Offers various specializations like International Marketing, Global Finance, International Management, etc.
Experiential Learning Opportunities
Provides hands-on experience through internships, case studies, simulations, and international projects.
Networking Opportunities
Facilitates networking with industry professionals, alumni, and international business leaders.
Language Proficiency Requirements
Some programs may require proficiency in a second language, typically English, and sometimes another language.
International Exchanges and Study Abroad
Offers opportunities for international exchanges and study abroad programs to gain exposure to diverse cultures.
Alumni Network
Access to a strong alumni network that provides career support, mentorship, and professional development.
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Course Structure
- Core Courses: Topics often include international trade theory, global supply chain management, international marketing, and cross-cultural management.
- Elective Courses: Students may choose from electives that delve deeper into international finance, global entrepreneurship, or regional business practices.
- Capstone Project: Most programs culminate in a capstone project or thesis, which involves applying theoretical knowledge to practical international business problems.
Course duration Of Masters in International Business
Country
Duration
USA
1-2 years
Australia
1-2 years
UK
1 year
Netherlands
1-2 year
Germany
1-2 year
France
1.2 year
Singapore
1-1.5 year
Switzerland
1-2 year
Spain
1 year
Canada
1-2 years
Admission Process of Masters in International Business
- Online Application: Submission through the university’s admissions portal.
- Documentation: Includes academic transcripts, letters of recommendation, a statement of purpose, and often a professional resume.
- Interviews: Some programs may require interviews to evaluate an applicant’s business acumen and suitability for a career in international business.
Admissions Requirements
- Bachelor’s Degree: A degree in business or a related field is typically required, although candidates from other disciplines may be considered if they demonstrate relevant work experience.
- Academic Record: Strong undergraduate grades, particularly in business-related courses.
- Test Scores: GRE or GMAT scores may be required, depending on the program.
- Language Proficiency: For programs taught in English, non-native speakers will need to submit TOEFL or IELTS scores.
Program Rules
- Credit Requirements: Completion of a designated number of credits from core courses, electives, and the capstone project.
- Academic Standards: Maintenance of a minimum GPA is required to remain in good academic standing.
- Capstone or Thesis Submission: Successful completion and presentation of a capstone project or thesis.
Program Options and Specializations
- Masters in International Business Management: Focuses more on the management skills needed for leadership roles in international firms, including strategic management, leadership, and operations in a global context.
- International Business Degree: Often similar to a Master’s in International Business, this degree provides a comprehensive education in global business practices and prepares students for a wide range of international career paths.
- International Finance and Accounting: Students specializing in this area study financial practices and strategies in the context of international business. This includes foreign exchange risk management, international financial markets, and global banking. This specialization is ideal for those looking to work in international banking, investment, or financial analysis.
- International Human Resource Management: This specialization addresses the challenges of managing a diverse international workforce. Key topics include cross-cultural management, international labor laws, global staffing, and compensation strategies. Graduates are prepared to handle HR issues in multinational corporations effectively.
- International Business Law: Focusing on the legal aspects of operating businesses across international borders, this specialization covers international trade law, contracts, dispute resolution, and the regulatory environments of different countries.
Test
Score Requirement
GMAT (Graduate Management Admission Test)
Typically, a competitive score, but specific requirements vary by institution. Some universities may require a minimum score of around 600-650.
GRE (Graduate Record Examination)
Score requirements vary by institution. A good GRE score is usually considered to be around 310-320 or higher, but specific requirements may vary.
TOEFL (Test of English as a Foreign Language)
Required for non-native English speakers. Scores required vary by institution but generally range from 90 to 100 or higher on the internet-based test (iBT).
IELTS (International English Language Testing System)
Similar to TOEFL, required for non-native English speakers. Typically, a score of 6.5 to 7.0 or higher is required, but specific requirements vary.
Other Requirements
Some universities may require additional materials such as letters of recommendation, statement of purpose, resume/CV, and transcripts.
Top Colleges for Masters in International Business
QS Rank
College/University
Country
Average Fee (USD)
1
Harvard Business School
Boston, Massachusetts
$73,440
2
INSEAD
Fontainebleau, France / Singapore
€87,000 – €103,000
3
London Business School
London, United Kingdom
£87,900
4
Stanford Graduate School of Business
Stanford, California
$73,062
5
Wharton School, University of Pennsylvania
Philadelphia, Pennsylvania
$80,432
6
MIT Sloan School of Management
Cambridge, Massachusetts
$78,750
7
Columbia Business School
New York City, New York
$77,376
8
HEC Paris
Paris, France
€41,500 – €48,500
9
University of Oxford, Saïd Business School
Oxford, United Kingdom
£63,700
10
University of Cambridge, Judge Business School
Cambridge, United Kingdom
£53,934
Top Colleges for Masters in International Business Online?
MBA Marketing is one of the most pursued courses among master courses. Therefore several colleges do offer this course online. In the online course study, an aspirant saves both time and cost. Moreover, this medium is suitable for those who do not wish to move from their hometown for course study or aspirants who are working simultaneously.
QS Rank
College/University
Country
Average Fee
561-570
The University of Nebraska-Lincoln
US
INR 24 Lakhs
=305
University of Massachusetts
US
INR 22 Lakhs
=285
North Carolina State University
US
INR 30 Lakhs
551-560
Lehigh University
US
INR 47.6 Lakhs
501-510
University of Dallas
US
INR 44.7 Lakhs
FAQ's
After arriving at the Australia airport, you could be expected to be subjected to random enquiry of Border Force Officers who ask you simple questions.
After arriving at the Australia airport, you could be expected to be subjected to random enquiry of Border Force Officers who ask you simple questions.
After arriving at the Australia airport, you could be expected to be subjected to random enquiry of Border Force Officers who ask you simple questions.
After arriving at the Australia airport, you could be expected to be subjected to random enquiry of Border Force Officers who ask you simple questions.
After arriving at the Australia airport, you could be expected to be subjected to random enquiry of Border Force Officers who ask you simple questions.
After arriving at the Australia airport, you could be expected to be subjected to random enquiry of Border Force Officers who ask you simple questions.