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Aayushi
09 August, 2024
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Welcome to the world of leaders and experts where you are exposed to international clients and corporations to further your business. An MBA in International business not only deals with strategic skills but also has a greater role in managing international business approaches. You can become the next global business leader through an MBA in International Business. From business development manager to global project manager, the bag of fortune career is here in the MBA international business. We are going to cover many such opportunities that you can apply for after completing an MBA in International Business. Come along with us as we re-discover the path of one of the popular courses in MBA. The top career options after an MBA in International Business include job roles such as Business development manager, project manager, finance manager and audit manager. However, there is more to this list, let’s find out the scope and top careers closely.
“International business involves commercial activities that cross national frontiers” – Roger Bennett
According to Dr Yujurvedi from Shobit Institue of Engineering and Technology, international business is a combination of all commercial transactions either private or government between two or more countries. It is the exchange of capital goods and services across international borders or territories. These transactions are conducted at the global level and across national borders.
Thus, it includes not only the transnational movement of capital, labour, technology, and products and services but also intellectual property such as patents, trademarks, know-how, copyrights, etc. It is an enterprise that operates across national borders, that is, between two nations. Intellectual property rights such as patents, trademarks, and know-how, as well as capital, manpower, technology, and international trade in goods and services, are all included. When goods and services are bought and sold outside of a nation’s borders, this is referred to as international business Management.
In easier words and example: Imagine you’re running a business in India that designs cutting-edge smartphone apps. One day, you strike a deal with a tech company in the United States to market your app globally. They invest in your project, you share your innovative technology, and together you reach millions of customers worldwide. This is an international business in action—a collaboration that spans continents, blending ideas, technology, and markets to create something truly global and impactful.
Also Read: Online MBA in International Business
Here is a closer look at the job responsibilities that you would manage across different job roles. Please note that there are more job opportunities, job roles and job responsibilities depending on each organisation’s requirements. The job responsibilities may differ based on each organisation’s demand.
You will be responsible for expanding the client leads and sales by analysing industry trends. As business development manager you will be promoting and growing the business. You’ll oversee budget, accounting, bank process and management of financial reports. As a business development manager, your responsibilities would include taking leadership and working with multiple departments at the same time.
The salary range of a Business Development Manager is INR 6LPA to 25LP
You would oversee goods flow from production to distribution, ensuring efficiency and profitability. You would be responsible for strategic planning, As a supply chain manager, you would be responsible for creating a supply chain strategy to enhance efficiency and reduce costs. Additionally, you would oversee the movement and storage of goods to ensure the right products are available in the right quantities at the right time. Your responsibilities will also include building strong relationships with suppliers and negotiating contracts to secure favourable terms are also essential responsibilities. Lastly, you would handle additional tasks such as training employees, finding cost-effective solutions, resolving issues, and developing safety guidelines
The salary range is from INR 8LPA to INR 20LP
The daily responsibility of a Finance Manager would include supervising financial operations, managing budgets, and shaping investment strategies. As a finance manager, you would be responsible for generating and analysing financial statements, such as budgets, payables, receivables, and expenditures. You would also be creating plans for the organisation’s long-term financial objectives and strategic business initiatives. Additionally, you would be tasked with developing strategies to mitigate financial risks. You would be interpreting data, examining market trends, and investigating factors that influence business performance.
The salary range for a Finance Manager ranges from INR 9LPA to INR 20 LPA
You would coordinate international projects, ensuring teams meet objectives and budgets. As a project manager, you would be overseeing the project completion, ensuring timely delivery, budget adherence, and desired outcomes. Moreover, you would be defining daily tasks while developing the overall vision. You would also be communicating effectively with stakeholders, ensuring coordinated efforts and successful outcomes. By staying on schedule and resolving derailments, you would keep the project on track.
The Project Manager’s salary ranges from INR 6LPA to INR 18LPA.
One of the responsibilities includes overseeing internal audits, analysing financial reports, and implementing fraud prevention policies. As an audit manager, you would be responsible for planning, conducting, and managing audits. You would be conducting operational and financial audits, identifying risks and weaknesses, and developing testing methodologies. Additionally, you would be responsible for creating and implementing internal auditing processes and policies. Also, you would advise executives on regulatory compliance and how to meet standards. You would prepare comprehensive audit reports based on your findings.
The salary range for an Audit Manager varies from a range starting from INR 3LPA to INR 18LPA.
You would make sure that is compliance with national and international regulations, and manage regulatory risks. As a regulatory affairs manager, you would be responsible for ensuring that your organisation’s products and services comply with government regulations and industry standards across various markets and regions. You would be developing and executing regulatory strategies while staying updated on changes in regulatory requirements. Additionally, you would collaborate with cross-functional teams to prepare and submit regulatory submissions
You would actively analyse market trends and economic data, providing insights for financial strategies. You would be responsible for actively researching international trades, keeping an eye on economic issues and more. As an Economist, you would also be responsible for forecasting trends for the financial market trends and advising businesses based on that. Moreover, other responsibilities include advising the team, presenting the latest trends and writing a well-researched paper if required by the organisation.
The salary range for an Economist is INR 3LPA to INR 38LPA
You would be responsible for assessing and mitigating operational and financial risks and advising on risk management strategies. As a risk manager, your job responsibilities include checking the security breaches, safety, reputation and anything that can risk the company’s reputation or put it at risk. You would be responsible for risk management strategies along with implementing these strategies. You would be responsible for the IT risk management team and oversee the other activities done in the IT team. Lastly, you would be responsible for the overall maintenance of security and security management strategies at best.
The salary of a Risk Manager ranges from INR 8LPA to INR 20LPA
Your major job responsibility would be to protect digital data from cyber threats and lead security analysis and response efforts. As a senior information security analyst you will be responsible for multiple tasks, starting with developing security policies and establishing a successful procedure for security. Moreover, you’ll be responsible for performing security assessments and resolving the issues that may occur. Your job role would include preparing reports for breaches of security and installing software that protects sensitive information. Lastly, planning and testing are an active part of the responsibilities.
Senior Information Security Analyst salary ranges from INR 6LPA to INR 27LPA
As CMO you would put direct marketing efforts, and develop strategies for brand growth and revenue increase. As a CMO you would be responsible for overseeing the marketing activities for the organisation, managing the marketing team, leading a plan for the team and executing a certain organic reach for the organisation. Moreover, you would be responsible for product management, brand management and leading strategic brand management for the organisation.
The salary range for CMO is from INR 12 to INR 55LPA
Source: Indeed
Let’s find out more in the next topic of Top Recruiters.
Check out the latest top recruiters that recruit MBAs in international business.
Please note that the salary packages may differ based on many factors including your location, skills, experience, and more.
Here is the list of top recruiters around the globe who are actively hiring for an MBA in International Business graduate.
Source: LinkedIn
An MBA in International Business is the golden ticket towards global-level career opportunities. You can easily earn up to 25LPA depending on your experience, skills and location. From working as an Audit Manager to working as a chief marketing officer (CMO) you would get the chance to explore the path of success through an MBA in International Business. Many colleges provide different modes of delivery for the course of an MBA in International Business, which you can select based on your schedule, location, fee budget and lifestyle. Make sure to check recognition, eligibility criteria and any new updates about the coursework before you apply for an application form. All the best future global leaders.
There are many job roles you can apply for after completing an MBA in International Business, including business analyst, business development manager, audit manager, apply chain manager, global project manager, and chief marketing manager.
The scope of an MBA in International Business is high. You can work in multiple industries, sectors and MNCs. From banks to globally recognised companies.
The highest-paying jobs in International business are Global Logistics Manager, Global Project Manager, Chief Marketing Officer/director, and Finance Manager.
Yes, an MBA in International Business is a good decision for your career as it opens diverse pathways for career opportunities around the globe. You can easily earn from 10LPA to 25LPA depending on your location, skills and experience.
