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Top 10 Reasons to do MBA in International Business Management
Review Markets
- An MBA in international business management provides you with the aptitude of figuring out the appropriate market drifts and target consumers. Your exposure to and calibre of exploring various markets makes you capable of determining whether or not the services of your organization will fade. Organizations planning to flourish worldwide hire such professionals to serve their purpose.
Learn to Acclimatize
- International business managers are responsible for guiding domestic firms or enterprises in functioning overseas. At the global level, expansion of an organization requires it to have offices or branches operating in foreign locations. These MBA professionals with a keen eye on international economies and markets' behaviours have the expert knowledge to furnish.
Find the Best Deals
- This MBA programme imparts the specialization in extensive market research and its utilization for the organization's profit. These experts are hired to figure out the cost differences between foreign and local markets, in procuring raw materials, finished products or services. They can assess whether exporting a particular service or importing certain products can make the organization recognized globally.
Live Your Desired Life
- Being a part of international business management fulfils your desire for residing in foreign nations or your fantasized destinations. Professionals with such expertise are required to travel abroad on the expenses borne by the employer organization.
Become Linguistic
- The MBA programme in international business management endows you with fluency in other languages as well as hones your communication skills. Therefore, organizations extending branches overseas are in search of such talents to alleviate the extra burden of learning a new language.
Explore New Cultures
- Without adequate knowledge about different cultures and lifestyles, it is not possible to identify different market patterns and relevant customer approaches. An MBA in international business management closely deals with these areas making you master them.
Receive a Lucrative Pay
- With globalization soaring high, business enterprises are looking up to skilled management professionals to make the world feel their vibe. In such circumstances, an MBA in international business will make the high-end business organizations reach out for you. Consequently, your skillset will get compensated with a pay package that enchants you.
Broaden the Employment Scope
- This MBA programme of 2-year duration opens new avenues of employment in domestic as well as foreign organizations. International exchange is one of the diverse studies covered by this course. It paves the way for aspirants to be employed as experts, even in foreign-based business enterprises.
Earn a Universal Appeal
- An international business management professional is expected to carry the overview and updated knowledge of customer attitudes in different corners of the globe. Cultural differences have to be identified to mould the concerned service or product in a universally appealing manner.
Interpret Business Reactions
- A business strategy, which is successful in the Indian organizations, may not work out when operating the same from a foreign land. Different countries have their own ideas and business models. An MBA in this domain is necessary to get thoroughly acquainted with these contrasts beforehand.
Job Opportunities
- Business Development Manager – This is a rewarding designation with annual compensation of 7.44 lakh rupees. The manager builds and maintains client relationships, generates sales leads, and promotes services or products to new customers.
- International Marketing Manager – The tasks involve researching the market prices to formulate policies for the concerned organization. He plans and incorporates international marketing strategies. The organization depends on him for selecting suitable sales channels. The remuneration received is 7.51 lakh rupees a year.
- Area Sales Manager – The job role involves meetings and association with different departments of the organization. The annual compensation for this designation is 7.7 lakh rupees.
- Senior Business Analyst – The individual is required to detect business risks, opportunities and drifts for the concerned organization by evaluating varying informational resources. This rank fetches you a yearly income of 9.32 lakh rupees.
- Project Manager – His responsibilities include overall management of employee performances, allotment of tasks and solving conflicts that hinder the organization from reaching its aim. The effort put is worth the annual compensation of 12.53 lakh rupees.
- Global Business Manager – This job profile fetches you an annual salary of 12 lakh rupees. You would be required to make your organization culturally flexible through managing the operations with the proficiency of the global level.
- Investment Banker – This designation is responsible for the issuance of equity or debt securities. He also has to perform tasks favourable to clients and gather capital. The salary received is 9.93 lakh rupees a year.
- Export Manager – His task is to make sure that goods are shipped to foreign countries in alignment with the laws regulating the domestic export industry. This rank is compensated with an annual salary of 6.67 lakh rupees.
- International Business Consultant – The consultant is required to sustain relationships with international clients through the creation of a contract. Besides, it answers the organization's queries regarding the upcoming foreign market trends. The salary received per annum is 9.78 lakh rupees.
- International Finance Manager – The job designation is responsible for identifying financial risks, preparing the budget and financial reports, estimating financial results to assist the IT department. The annual remuneration for this post is 10 lakh rupees.
An MBA in international business management gets you placed in the government sector and NGOs, too. Banking, restaurant chains, airlines industry are the other obvious areas to opt for. Amazon, ICICI, Citi Bank, Google, HSBC, Cognizant, IBM, are some of the celebrated organizations that hire MBA professionals in international business management.
