MBA in International Business in Abroad - Colleges and Fees 2024

International Business is becoming a trend in the market. In addition to the core curriculum, students have opportunities for internships, international exposure, and placements. Students can also pursue their own interests through elective courses. With more and more people taking up this career, there will be more opportunities for students who want to study abroad. However, there are many factors that need to be considered before you decide to study abroad. This includes finding the right school, getting the right visa and understanding the cost of studying abroad. 

MBA in International Business Abroad Highlights 

Top 10 MBA in International Business Colleges Abroad 

The list below features top 10 Colleges Abroad with their QS University rankings 2022 for Business and Management:

Source: QS

MBA in International Business Abroad Cost or fees

The approximate cost to study MBA in International Business abroad is between INR 12 Lacs to INR 20 Lacs per year. The living cost of an individual varies depending on the country of visit. For example, the average living cost in the UK can be around INR 8 Lacs for a year whereas in the US, it can cost around 6 Lacs for a year.  

Student Visa Cost for MBA in International Business Abroad  

The cost of a student visa differs according to the country of visit. 

• A student would require a Tier 4 student visa to study in the UK. It can cost around £348 (Approx. Rs 34,149).

• To study in France, the student visa would cost €99 and an additional charge of €50 as processing fee. 

• To study in US, a student needs to pay  up to 350 USD (INR 27,171) as SEVIS fee plus a visa application fee of 160 USD at the moment (INR 12,419)

MBA in International Business Abroad Requirements - Eligibility criteria 

• Should have a Bachelor in Management or related field

• Overall grade point average i.e. GPA of 3.0 on a 4.0 scale or its equivalent.

• IELTS score of 6 or above or TOEFL score of at least 150

• Good GMAT score 

• Statement of Purpose along with  2-3 Letters of Recommendation and CV 

• Student Study Visa and Valid Passport 

• Proof of financial aid 

• Work experience (wherever applicable)

MBA in International Business Scholarships 

The MBA in International Business is an immersive program that combines the best of American and European business schools. This program is designed to help students develop a global outlook and take their careers to the next level.

Some of the scholarships the students can avail:

• HEC Foundation Student Scholarships 

• Harvard University-Boustany Foundation MBA Scholarship

• Essec Academic Excellence Scholarship 

• Emerging Economy Fellowships at Wharton Business School

• INSEAD Financial fellowship 

• Ivey Business School Financial Need Awards 

MBA in International Business Jobs and Salaries 

The average salary of an MBA in International Business graduate is INR 8,84,000 according to Payscale. The MBA in International Business is designed for professionals who are looking for a career change or want to advance their career in international business. The curriculum covers areas such as global markets, culture, management, finance, marketing and operations. This major has a variety of job options for graduates, including those in marketing, finance, consulting, and teaching. There are also many opportunities for those with an International Business degree to work as consultants, entrepreneurs, or marketers.

Top Recruiters for MBA in International Business graduates 

MBA in International Business graduates are sought after in the job market because of the skills they learn. They are able to work in a wide range of fields, including marketing, advertising, and public relations. 

Top Companies that hire MBA in International Business graduates:

• Amazon

• Apple

• Walmart 

• Bank of America

• Cognizant 

• Wipro

• Goldman Sachs

MBA in International Business Abroad FAQs 

Q. What is the relevance of an MBA degree in the job market?

A. MBA is a postgraduate degree that aims to prepare students for higher-level roles such as leadership, entrepreneurship, and international business.

Q. What is the duration of a Masters in International Business degree?

A. The duration of an MBA in International Business degree is usually 1-2 years.

Q. What is the difference between MiM and MBA?

A. The MBA degree is considered as an advanced degree that provides students with the skills and knowledge needed for working in management positions. The MiM on the other hand, is considered as a professional program that helps students learn about management positions specifically for one industry or field of study.

Q. What are the important courses covered under a Masters in International Business degree? 

A. The program offers core courses - Advertising Theory and Practice; Digital Marketing; Public Relations, Analytics - which are essential for every student aspiring to work in this field.

Q. What are the requirements for a Masters in International Business degree?

A. In order to apply for an MBA in International Business, you need to have a Bachelor’s degree or equivalent qualification. You also need a good GMAT and IELTS score. Work experience may or may not be required. 

Q. What are the top universities for a Masters in International Business?

A. Some of the top universities for an MBA in International Business are Esade, ESSEC, INSEAD, Harvard, London Business Schools, etc. 

Q. What are some of the top companies that hire MBA in International Business graduates? 

A. Some of the top recruiters for MBA in International Business graduates are Amazon, Apple, Walmart, Bank of America, Cognizant, Wipro, Goldman Sachs, etc. 

Q. What is the average GMAT score to get admitted to a Masters in International Business program? 

A. The average GMAT score for admission to good institutions is 590-790.

Q. Is it compulsory to have work experience for admission to Masters in International Business abroad? 

A. MBA in International Business programs need to have 0-1 year of work experience. However, there are colleges that do not need work experience at all. 

Q.  When should we apply for a visa to study abroad? 

A. It is advisable to apply at least 3 months before the start of the program for a visa. 

Shikha Kumari07-22-2022 11:30