Question 1

What is international business?

Accepted Answer

International business deals with trading elements such as advanced technology, innovative and out-of-the-box methods of reaching a business goal and better communicative measures that have pushed businesses to reach and eventually cross global borders. In response, more and more industries have turned to international markets beyond their countries borders.

Question 2

Is International Business a modern concept?

Accepted Answer

Although the term international business is a relatively novel concept, international trade has been around since the dawn of civilisation. Ancient cultures, namely the Roman Empire, Egypt, and Europe, traded different goods. Merchants and traders travelled far and wide to foreign lands to earn money and establish trade relationships. Even archaeologist records reveal different routes taken by people in different parts of the world to establish peaceful trade relations.

Question 3

What determines the quality of education in an international business school?

Accepted Answer

A degree in international business can be a great add-on to your resume if you wish to work abroad, but finding the right Business school is not easy at all. The first thing determining the quality of education in business school is how multidimensional the syllabi are and how many topics they cover in the course.

Question 4

Is a degree in Internal Business a viable choice for the career?

Accepted Answer

The trend of enrolling at the top business schools across the country keeps growing as students seek international business majors as a one-way ticket to the board in a 107.5k global economy today. This is quite a wise move as currently, more and more companies acquire cross-border offices in order to increase credible profits with multinational operations.

Question 5

How much does an MBA International Business Degree cost?

Accepted Answer

In June 2017, USA Today reported that the tuition for business courses had increased by 3.6% at the nation's top 50 universities this year. Enrollment has increased by 3.8 million in US institutions since 2000.

Question 6

Is an MBA in International Business cost-effective?

Accepted Answer

Students have gradually realised that the sheer academic benefits of majors like an international business major can outweigh the costs incurred with better and lump sum salaries, immense job stability, and increased chances of employability, confidence and knowledge. International business helps one with strategic budgeting by explaining each level's average cost of international business education.

Question 7

What Is The Difference Between International Business Degrees and International Relations Degrees?

Accepted Answer

Fresher applicants are generally new to the whole thing and might mistakenly believe that an international business degree and a degree in international relations are both the same or in any way interchangeable. International relations is the study of how global political, social and religious forces mutually interact peacefully and without conflict. International trade examines how several profit-making corporations mainly exchange goods or services globally. The first subject emphasises government diplomacy while the latter focuses on the lucrative trade.

Question 8

Is there any age bar for applying to the MBA in IB course?

Accepted Answer

No. As this is a postgraduate course, there stands no age bar to apply to this course.

Question 9

What types of MBA in IB courses are available?

Accepted Answer

There are several MBA in IB courses according to their time period:

Full-time MBA in IB: 2-year full-time course
Part-time MBA in IB: 2-year course opportunity while working
One year MBA in IB: 1-year course
Online course for MBA in IB: Usually a 2-year course.

Question 10

What examinations are required for a candidate to take for admission into MBA in International Business program?

Accepted Answer

The exams that a candidate can take to get admission into the MBA in IB course are:

CAT, XAT, GMAT, SNAP, NMAT and CMAT, apart from other courses.

Question 11

Can you take any special exam for a distance MBA in IB course?

Accepted Answer

You may take the OPENMAT course for a distance course on MBA in International Business.

Question 12

What are the career options after MBA in International Business?

Accepted Answer

You can opt for several positions after completing your MBA in IB. The options include but are not limited to Export Manager, International Business Manager, Global Finance Manager, Investment Banker etc.

Question 13

Is there any opportunity for Campus placement after completing an MBA in international business?

Accepted Answer

Yes. It mainly depends on which institute you choose to get your degree from. Reputed institutes like IIM, UpGrad, IIFT, Symbiosis, etc., provide placement prospects soon after you finish your degree. Even if you do not have an opportunity for on-campus placement, the best institutes prepare you to crack any interview you sit for.

Question 14

What are the eligibility criteria for MBA in IB?

Accepted Answer

Most institutes ask for a 50% aggregate in your graduation level from any registered university. You may be able to avail relaxation in the marking criteria based on your caste and/or economic status.

Question 15

How can foreign nationals/NRIs apply for an MBA in International Business course in India?

Accepted Answer

Foreign Nationals/NRIs must apply for these courses with their GMAT/GRE scores.

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