| Monday, June 16, 2008
Higher studies in international business
In a globalised scenario, as many MNCs open up offshore subsidiaries,
this niche study area holds a lot of promise for graduates,
especially those with a commerce background
To meet the demand for professional managers, universities and
institutes have introduced master’s programmes in international
business or foreign trade with focus on international finance,
international marketing, international trade, intellectual property
rights, insurance and risk management and so on.
One should choose MBA or postgraduate diploma programmes with
specialisation in international business (IB) or the Master
of International Business courses offered by reputable institutes,
business schools and universities.
Some universities offer M.Com. with specialisation in international
business, which is different from the MBA (IB) or MIB programmes.
The latter are focussed on international business, while M.Com.
deals with commerce too. They have different syllabi and course
structures. The MBA programmes help to develop a general set
of management skills, in addition to specific knowledge related
to international business.
MBA (IB)
The MBA (IB) programmes provide comprehensive coverage of important
areas and disciplines relevant to international business. These
focus on equipping students with knowledge and expertise required
to deal with the corporate world ranging from international
marketing; economic analysis; international logistics; cross-cultural
management; management of multinational companies; the global
business information system; the export-import system; the international
regulatory environment and strategic management; and so on.
The syllabus covers management concepts; management accounting;
foreign trade policy and management; international marketing
management; international business; business statistics and
research methodology; international trade and monetary systems;
international business law; international accounting; international
financial management; international marketing logistics; foreign
languages (German, French and Russian); international management
strategy and policy; international comparative management; import
management; organisational behaviour; personnel management;
and so on.
Graduates in any discipline with at least 50 per cent marks
are eligible for admission. Selection is based on entrance examinations,
group discussions and interviews. Some universities and institutes
consider scores in the Common Admission Test (CAT) of the Indian
Institutes of Management, Xavier’s admission test (XAT)
and Management Aptitude Test (MAT) scores for screening applicants
for the group discussion and interview.
Study centres
• The Indian Institute of Foreign Trade, New Delhi, a
deemed university, is one of the prominent institutions offering
the MBA (IB) course. Graduates in any discipline are eligible
for admission. Selection is through a national-level entrance
test, group discussion and interview. Details can be had from
www.iift.edu.
• The Business School of Punjab University, Chandigarh
( www.ubschandigrah.org), conducts the programme for graduates
or postgraduates in any discipline with at least 50 per cent
marks. Selection is based on the scores in the Common Admission
Test (CAT) of the Indian Institutes of Management, group discussion
and interview.
• NMIMS University, Mumbai ( www.nmims.edu), offers an
MBA course with specialisation in international business. Graduates,
with 50 per cent marks in any discipline, are eligible. Selection
is based on an entrance test (NMAT), group discussion and interview.
• The Department of International Business and commerce
of Alagappa University, Karaikudi - 630 003, offers MBA (IB)
and e-commerce programmes for meritorious graduates in any discipline.
• VIT University, Vellore ( www.vit.ac.in/vitbs/mbaib),
and Nirma Institute of Management, Nirma University, Ahmedabad
( www.nim.ac.in), conduct the programmes.
MIB
Many universities and institutes offer the programme to train
meritorious graduates for a career in international business
and foreign trade. Some of them are as follows:
• Gitam Institute of Foreign Trade, Visakhapatnam ( www.gift-india.org).
• The Department of Commerce, Delhi School of Economics,
under Delhi University: graduates in any discipline with at
least 50 per cent marks and those who have appeared for the
final degree examinations are eligible to take the entrance
test ( www.mibdu.org).
• PSG Institute of Management, Peelamedu, Coimbatore (
www.psgim.ac.in): meritorious graduates in any discipline are
eligible for admission.
• Institute of Management Technology (IMT), Ghaziabad
and Nagpur: selection is based on the CAT score. Meritorious
graduates in any discipline are eligible ( www.imt.edu).
• Banaras Hindu University, Varanasi
• Mohanlal Sukhadia University, Udaipur
• Himachal Pradesh University
• University of Rajastan
• Kurukshetra University
The syllabus includes principles of management; international
economics; organisational behaviour; international marketing;
financial management and accounting; consumer behaviour; international
financial management; import management; international marketing
research; corporate strategy and business policy; international
business law and taxation; and so on.
Diploma
The Loyola Institute of Business Administration (LIBA), Loyola
College, Chennai - 600 034 ( www.liba.edu), offers a two-year,
full-time postgraduate diploma course in management with specialisation
in international business. Graduates with at least 50 per cent
marks in any discipline are eligible for admission. Selection
is based on the XAT score.
The Lal Bahadur Sashtri Institute of Management, New Delhi (
www.lbsim.edu), conducts a two-year, full-time postgraduate
programme with international business as one of the specialisations.
Job opportunities
Those who pass these programmes can become import-export and
investment advisers; foreign sales representatives; international
business consultants; business executives; and so on. Import
and export companies; consulting firms; international non-governmental
organisations (NGOs); and shipping and airline companies are
some of the employers.
Professionals trained in international business are much sought
after in countries such as the U.S, the U.K. and Australia where
many big multinational companies have their corporate offices.
These companies offer high salaries and incentives.
Courtesy: The Hindu - Education Plus
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