It is the age of competition and everyone is trying to adopt the money-making techniques. Nowadays every business is going to expand itself in the international market. According to BN Mishra of Manipur University, Companies that are aiming to expand and establish their business in a foreign country require knowledgable with the concepts and theories that can be helpful for business’ establishment.
Course Curriculum- In the course curriculum of MBA International Business Development, students are taught about international business law and ethics, strategic marketing and branding, intercultural management and international negotiation, management of innovation, international partnership and mergers and acquisition, advanced business planning, business plan jury presentations, international economics and micro-markets etc. To develop one’s skills in international business creation.
Roles and Responsibilities- International business development managers are expansion wizards who craft successful strategies for taking companies into new avenues to maximise return on assets. They are responsible for monitoring the effective implementation of international business development activities and develop initiatives to increase sales and market development activities. Help to analyse business strategies and improvement plans for the same to provide appropriate growth to the business. They manage all development processes and ensure compliance with government policies and regulations. Assist businesses to identify opportunities and chalk out strategic plans to enhance the same. Manage all customer/client communication and maintain an effective relationship with all. Prepare and implement a diverse range of diplomatic methods for business growth. Review competitor plans and the effect of products and services in management. Maintain all communication with the director. Evaluate market trends and provide appropriate support to product development.
Skills required- There are certain skills that many international businesses development managers have in order to accomplish their responsibilities like analytical skills, leadership skills, creativity, business development, market research, logistics, new customers, sales goals, expansion planning and intercultural competence to name a few.
Career and scope- MBA graduates in international business development have an immense opportunity in the current market. Career options after this course are increasing rapidly. International business degree holders are in high demands as an impact of globalisation and the growing number of business currently competing on the international stage. After completion of this degree, one can join various enterprise or firms anywhere. Some of the top recruiting companies that hire MBA in international business professionals include HDFC Bank, Citi Bank, Amazon, ICICI Bank, HSBC, Google, Axis Bank, IBM, Accenture, Cognizant, and WIPRO. Apart from global companies that contend on international markets, for example, airlines and chain restaurants, graduates of the international business MBA programme frequently find careers within non-profit organisations, government agencies and banking.
Eligibility- Interested candidates must hold a three-year bachelor’s degree in any discipline and score at least 50 per cent marks in the qualifying examination. One can join this course after completing one’s undergraduate degree in BTech/AArch, Medical, Arts, Humanities or Science. For this course of study, one has to clear the entrance exam plus Group Discussion plus Personal Interview. There is no age limit to apply for this course. Candidates appearing for a qualifying examination can also apply if they submit the proof of required qualification before the commencement of the session.
Salary- Opportunities in this field come with a handsome salary package. Jobs relating to business development have the potential of landing a candidate in a foreign country where he/she can earn much more than in the home. A post-graduate in international business development from a reputed institution can initially expect a salary ranging from Rs 5,00,000 to Rs 8,00,000lakh per annum as a business development manager.
