Masters in International Business: Syllabus & Top Universities
Masters in International Business is a 1-2 year program that provides knowledge in finance, trade & international business. The specialised degree develops skills in research, operational leadership, critical thinking, cross-cultural competency, understanding market trends & risk management.
The blog helps students to navigate popular colleges or universities, job opportunities, salaries & future prospects after completing a master’s in international business.
- Why Study MSc in International Business?
- Top Universities for Masters in International Business: Fees, Duration & Rankings
- Syllabus of Masters in International Business
- Eligibility Criteria for Masters in International Business
- Career Opportunities After Masters in International Business
- Jobs Opportunities & Salaries after Masters in International Business
- Essential Documents for Pursuing Master in International Business
- Conclusion
- FAQs
Why Study MSc in International Business?
A master’s in International Business is an advanced study of contemporary business theories and practices that support sustainable business models. The knowledge gained helps students analyse market trends, understand financial data, and manage risk. The reasons for pursuing a Master’s in International Business are listed below.
- The degree allows individuals to build networks with professionals from diverse backgrounds.
- The business skills learnt offer problem-solving abilities, understand trends & allow students to manage & lead.
- The specialised degree provides an edge and paces career growth. A master’s in international business provides a competitive platform and offers international students high salaries and global platforms.
- The specialisation helps students find roles in public, private and non-profit organisations.
- A degree in international business helps students build sustainable business models and develop research that offers sustainable solutions.
Top Universities for Masters in International Business: Fees, Duration & Rankings
The best universities in the world offer learning in business, management, economics, etc. The integrated structure & syllabus provide theoretical & practical experience. The fee, rankings, and course duration listed in the table give a complete idea before pursuing a master’s in international business.
| University | Course Name | Rankings by Subject | Duration | Tuition Fee |
|---|---|---|---|---|
| HEC Montreal | MSc in International Management | 2 | 16-24 months | CA$ 47,100 (INR 28,88,389) |
| University of Glasgow | Masters of Global Business | 6 | 1 year | £22,140 (INR 23,91,334) |
| Excelia Business School | MSc in International Business Management | 20 | 1-2 years | €24,900 (INR 22,60,489) |
| University of Warwick | MSc in International Trade, Strategy & Operations | 16 | 1 year | £34,550 (INR 37,31,735) |
| University of Melbourne | MSc in International Business | 25 | 2 years | AUD 77,684 (INR 43,91,274) |
| Queen Mary University of London | MSc in International Business | 189 | 1 year | £31,850 (INR 34,34,188) |
Syllabus of Masters in International Business
The Master in International Business combines two modules, including core and optional modules. After that, students can choose between the dissertation or business practice route to complete the MSc year.
The core modules are the compulsory papers taught to the students. This includes strategy analysis & practice, quantitative business methods, international marketing, foundation of financial & management in accounting, etc. The core module includes:
- Strategy Analysis & Practice
- Quantitative Methods for Business
- Marketing in an International Environment
- Foundation of Financial & Management Accounting
- Fundamentals of Economic Behaviour
- International Business Strategy
- Work & Human Resource in a Global Context
- Managerial Economics
- International Microeconomics & Finance
- Applied Empirical Methods
The elective papers are taught along with the core modules. This includes the economics of development, complex networks & innovation, etc. The elective modules are:
- Economics of Development
- Complex Networks & Innovation
- Entrepreneurship & Business Venturing
- The Global Economy
(*the structure might vary from university to university)
Eligibility Criteria for Masters in International Business
- Educational Background: A bachelor’s degree from a recognised institute/university in Business/Finance/Accounting/Management or a related field.
- Language Proficiency Test: Students might require a good score in IELTS/TOEFL/PTE/Duolingo as a part of the admission process. A score of 7 or 7.5 in IELTS increases the chances of admission. In the case of TOEFL, 90 or above is a decent score for getting into the best universities. For CPE (C2 Cambridge English: Proficiency) & CAE (C1 Cambridge English: Advanced), a score of 185 or above is required to get into the Masters program in International Business.
- GRE/GMAT: A GRE/GMAT score is not required for admission. However, some universities need a GRE/GMAT score for entry requirements. A score of 600 or above on the GMAT is considered decent for pursuing a Master’s in International Business.
Also read – A complete guide to Masters in Marketing Courses
Career Opportunities After Masters in International Business
International Business Consultant
The role of an international business consultant involves advising companies on expanding global markets and strengthening & optimising operations. An individual with a Master’s in International Business develops & implements marketing strategies. An international business consultant’s average salary is $168,364-192,390 (INR 1.4-1.6 crores).
Supply Chain Manager
The role of a supply chain manager involves managing the global supply chain and logistics, monitoring and controlling inventory levels to balance costs with customer demand, etc. The yearly salary of a supply chain manager ranges from $111,336-146,589 (INR 95 lakhs-1.1 core).
Human Resource Manager
A Human Resource Manager is responsible for recruitment, training & ensuring the overall welfare of the employees. They address employee’s grievances, resolve conflicts, etc. The average salary of a human resource manager is $115,770-120,599 (INR 96 lakhs-1 crore).
Business Development Manager
They identify & pursue new business opportunities in international markets. A business development manager can develop strategic partnerships & alliances to foster growth. The salary of a business development manager falls from $196,255-$236,846 (INR 1.6 crore-1.9 crore).
Policy Analyst
Policymaking plays a vital role in strengthening economics and providing stability. A policy analyst works with government agencies, NGOs, international organisations, etc. Their job is to understand trends, analyse market conditions, etc. The average salary of a policy analyst is $82,545-102,627 (INR 68 lakhs- 85 lakhs).
Jobs Opportunities & Salaries after Masters in International Business
A master’s in International Business offers high salaries and global exposure. The specialised degree allows individuals to transform their career graph and ensures success.
| Job Roles | Average Annual Salary | Top Recruiters |
|---|---|---|
| Supply Chain Manager | $111,336-146,589 (INR 95 lakhs-1.1 core) | Amazon, Unilever, Flipkart, IBM, Accenture |
| Policy Analyst | $82,544-102,627 (INR 68 lakhs- 85 lakhs) | Flying Colours, Federal Reserve Bond, Google, RAND, United States Federal Government |
| HR Manager | $115,770-120,599 (INR 96 lakhs-1 crore) | Amazon, NHS, Reed, Accenture, EY, AMS |
| Business Development Manager | $196,255-236,846 (INR 1.6 crore-1.9 crore) | Gartner, Oracle, Salesforce, GlobalData |
| International Business Consultant | $168,364-192,390 (INR 1.4-1.6 crores) | EY, Capgemini, Deloitte, Accenture, BCG, Amazon, IBM |
Essential Documents for Pursuing Master in International Business
There are some important documents required for getting into a university. These include:
- Application Form: Candidates must fill out the forms of their desired universities. The application form is the first step of admission.
- Academic Transcripts: Candidates are required to submit copies of their mark sheets.
- LOR & SOP: 2-3 Letters of recommendation are required for getting into a top university. The LORs are written testimonials that highlight your skill or underlying potential. A standout SOP allows students to convince the university about their goals, reasons for pursuing the course, motives, etc.
- Language Proficiency Test score: IELTS/TOEFL/PTE/Duolingo scores are required to join a university.
- Standardised Test Score: Some universities do not require GRE/GMAT scores as a part of the admission process. Few universities require GRE/GMAT scores as part of their entry/admission process.
- Standout CV: The CV highlights the extracurricular activities, achievements, and professional experience that ensure the chances of getting into a reputed university.
- Passport: This is required as a part of the application process.
Conclusion
Masters in International Business is a comprehensive course that allows students to understand market trends, global economics, market functioning, and more. The theoretical and practical knowledge provides a global perspective and international exposure for business management.
FAQs
What is the scope after pursuing a Masters in International Business?
A specialised degree in International Business allows students to pursue careers as supply chain managers, HR managers, international business consultants, and policy analysts at international companies and organisations.
Should I go for an MBA or Masters in International Business or Management?
A career choice is based on a student’s interest and aptitude. However, for pursuing an MBA, students require a minimum of 3 years of work experience. In contrast, students can join MIB or MIM without prior work experience.
Is GRE/GMAT required to pursue a master's in International Business?
Students require a GRE/GMAT score to get into some universities. A score of 605+ or higher in GMAT Focus Edition is considered decent & for the GRE, a minimum score of 156 in verbal & 158 in the quantitative section is required for admission. However, some universities don’t need a GRE/GMAT score for their admissions process.
How can I apply for an MSc in International Business?
Students have to fill out the application form for the desired university. The selection process includes document verification & personal interviews. Important documents for the entry requirement are listed above.
What is the salary of an analyst after pursuing an MSc in International Business?
The average salary of an analyst is $82,545 or INR 68,90,613. However, the salary varies from country to country.
If you are an aspirant looking to study at your dream university, book an appointment with AdmitX today and start your applications early to avail yourself of all the benefits.
