Degrees in international business are available at the Bachelor, Master's
and doctoral level. Generally for undergraduate courses, the eligibility is 10+2 with
50% marks, and for Masters in International Business and foreign trade, the
aspirant must be at least a graduate preferably in commerce. Diploma programs
are also available in international
business.
Most careers in international business require a master's degree at minimum,
and employers increasingly prefer candidates with a doctoral degree and a specialization in international business or
Foreign trade. With more and more companies stretching their business outside
their home country, a degree in international business is very crucial and opens
doors to many lucrative career opportunities.
Admission to the masters programs are held on the basis of a written test,
group discussion and personal interview. Separate tests are conducted
by different institutes like CAT by IIMs, MAT by All India Management
Association, XAT by Xavier Institutes etc. Besides, there are executive
MBA (IB) programmes offered by some institutes which require a minimum
level of experience.
The content of the course includes subjects like import/export management,
international trade and logistics, international marketing, foreign exchange
management, international finance etc.
Personal attributes:
Excellent communication skills, a keen aptitude for business,
knowledge of foreign languages, persuasive ability and confidence are some of
the attributes required to be successful in this field. Apart from the above to
excel in international business knowledge of economies of different countries, understanding the modern trend
in business, leadership and managing skills are required. International business
professionals need proficiency in organizing,
planning, co-ordination and directing activities.
