International Master in Business [IMB]: Courses, Admission, Syllabus, Colleges, Eligibility, Entrance Exam, Career Scope and Salary

  • course years 1 Years
  • type of course Post Graduate
  • course stream Management
  • course type Full Time
Written By universitykart team | Last Updated date Oct, 09, 2024

About Course

The International Master in Business is a two-year postgraduate program and anyone with a bachelor's degree can take this course.

The International Master in Business (IMB) is a comprehensive and globally oriented postgraduate program designed to equip students with a deep understanding of various business disciplines and the skills needed to excel in today's interconnected and competitive business world. This program typically covers essential topics such as finance, marketing, strategy, operations, and entrepreneurship, while also integrating an international perspective to foster cultural awareness and cross-border business acumen.

IMB students often have the opportunity to study in multiple countries, collaborate with a diverse cohort of classmates from different backgrounds, and engage in real-world business projects to gain hands-on experience. By the end of the course, graduates are prepared to take on leadership roles in multinational corporations, start their own ventures, or pursue further academic pursuits in business-related fields.

The International Master in Business program aims to produce versatile and forward-thinking professionals who can thrive in the dynamic and complex global business landscape.

Course Highlights

Particulars Values
Course Name International Master in Business
Course Level Post Graduate (PG)
Course Duration 2 years
Examination Type Semester System
Eligibility Criteria Bachelor's degree + Valid Entrance Exam Score
Admission Process Entrance Exam
Specialization International Business
Internship Yes
Entrance Exams CAT, XAT, NMAT, CMAT, MAH CET etc.
Course Fee INR 5-15 Lakhs
Average Annual Salary INR 6-20 LPA
Top Recruiters Accenture, Citi, JP Morgan Chase & Co, Cognizant, Amazon
Job Profiles Export Manager, Business Development Manager, Investment Banker, Global Business Manager etc.

Why Study International Master in Business?

1. The scope of this program is defined by the career prospects and salary packages offered to applicants with a bachelor's degree in the discipline.

2. It also offers the opportunity to travel abroad and settle anywhere in the world as the degree covers the international aspects of running a business. 

3. The Masters in International Business will enable you to work for some of the most prestigious companies in the world.

4. Pole offers management pay and the opportunity for international corporate life.

5. Applicants with a Masters in International Business can also choose to work abroad, have better networking opportunities and earn a decent salary.

Eligibility Criteria

The eligibility criteria for applicants for a Masters in International Business program are not complicated and are as follows. It should be noted that the admission criteria differ from institution to institution.

1. The applicant should hold a bachelor's degree in a relevant discipline from a recognized college or university.

2. In order to be able to participate in this course, at least 50% of the total number of points must be achieved at the end of the course.

3. The applicant must have a valid score in the required entrance exam.

4. Work experience is not required but highly recommended.

Admission Process

Admission to the program is based on the candidate's score on the admission test.

1. Some of the leading entrance exams held for this purpose across India are CAT, MAT, XAT, CMAT etc.

2. Some universities also offer merit-based admission. Normally, the admissions process begins in August and September. By the end of August, online forms will be available for almost all entrance exams.

Admission on merit:

1. Apply for admission to the colleges or universities that interest you.

2. Good results in the Bachelor's exams, since the results obtained form the basis of the entire recruitment process.

3. Universities publish their cutting lists promptly. Check whether you are suitable for the course of your choice.

4. If eligible, attend college and submit all required documents.

Admission depending on entrance:

1. Apply for admission to the colleges or universities that interest you.

2. Good results in the Bachelor's exams, since the results obtained form the basis of the entire recruitment process.

3. Universities publish their cutting lists promptly. Check whether you are suitable for the course of your choice.

4. If eligible, attend college and submit all required documents.

Skills Required for International Master in Business

Specific skills are very important when hiring new employees. Here are some of the best Masters in International Business Skills:

1. Networking

2. Collaboration

3. Emotional Intelligence

4. Resilience and Adaptability

Entrance Exams for International Master in Business

To be accepted into the Masters in International Business program, you must pass a series of state and national entrance exams.

Here are some of the best entrance exams that are conducted to qualify students for admission to this course.

1. CAT: The CAT or Common Admission Test is an online test administered annually by IIMs to select students for admission to various management degree and graduate programs. The test result is widely accepted by many top universities across the country. The exam takes place annually.

2. MAT: The MAT, or Management Aptitude Test, is a national-level exam held four times a year. The All India Management Association (AIMA) conducts entrance exams for MBA/PGDM courses nationwide.

3. CMAT: The CMAT, or Common Management Admission Test, is an online computer-based test. It is administered by the National Testing Agency in India. The test is administered to qualify students for admission to AICTE-recognized postgraduate management programs.

CAT MAT
CMAT XAT

Fee Structure

Masters in International Business in India is a very popular degree as it takes into account the main aspects of global competition, simplifies the dynamics of international business management, works together, increases market share and maximizes benefits not only through exports and imports. The average fee for an Masters in International Business is INR 50,000 – 30 LPA.

Name of College Average Annual Fees
IIFT, New Delhi 7.5 LPA
Amity University 7.6 LPA
JMI 56,000 PA
LPU 1.16 LPA
AMU 3.5 LPA

Selection Process

The grades of the students in the corresponding management entrance examinations are taken into account. After an interview, worthy candidates are assigned places.

Course Comparison

Parameters IMB MBA
Course Name International Masters in Business Master of Business Administration
Course Overview The International Business courses included in this course are foreign languages, trade finance & forex risk management, foreign trade policy and export management, making this program truly unique and raising it to the level of international status. The course is designed to equip students with the knowledge and skills to succeed in leadership roles. MBA programs emphasize the development of analytical, critical thinking, and decision-making skills in an individual.
Course Duration 3 Year 3 Year
Course Level Post Graduate (PG) Post Graduate (PG)
Eligibility Criteria 50% marks in the Bachelor of Commerce undergraduate degree or equivalent qualification Candidates must pass a bachelor's degree in any specialization from a recognized university with a minimum aggregate of 50 per cent 
Admission Process Merit/Entrance Based Merit/Entrance Based
Career Prospect Export Manager, Business Development Manager, Investment Banker, Global Business Manager etc. HR Manager, Marketing Manager, Business Development Manager, etc.
Average Annual Salary INR 6 – 20 LPA INR 5 – 25 LPA

Top Colleges of International Master in Business

Listed below are some of the top International Master in Business Colleges in India which offer the course:

Name of College Average Annual Fee (INR) Location
Symbiosis Institute of International Business INR 7,90,000 Pune
Deccan School of Management INR 60,000 Hyderabad
Alliance University INR 13,50,000 Bangalore
Bharat University- Bharat Institute of Higher Education and Research INR 1,00,000 Chennai
Indian Institute of Foreign Trade INR 9,39,000 Kolkata
Malla Reddy University INR 80,000 Hyderabad

Jobs and Placements in International Master in Business

According to PayScale, the average salary for Masters in International Business professionals is around INR 7.91 LPA. The salary package can be up to INR 12 LPA for graduates from reputable universities/institutes.

Applicants should have specific skills such as International business knowledge of the economies of different countries, understanding of modern business trends, leadership and corporate governance. You must have a keen interest in business, excellent communication skills, foreign language skills, persuasiveness and self-confidence.

Private Jobs

Applicants with a Master's degree in International Business will find employment opportunities in private companies in export and import companies, financial companies, financial institutions and private banks. Below is the average salary for a Private Sector Masters in International Business in India.

Top Private Hiring Roles Salary
Navyah Immigration Services 10 Lakhs
Adal Immigration 9 - 10 Lakhs
Pear Visa 12 Lakhs

Government Jobs

Applicants with a Master's degree in International Business will find employment opportunities with government agencies in export and import companies, financial companies, financial institutions and banks. Since most shipping and aviation companies operate internationally, graduates specializing in this training area can also find employment in the aviation and shipping industry.

In addition, there are Masters Degrees in Government Internships in International Business in Tourism and Tourism Industry Organizations operating under various state and central governments of India. The average salary for a Masters in International Business in India is INR 3-8 LPA.

Top Government Hiring Roles Salary
ATMI Dataware Pvt Ltd 2.4 Lakhs
Edrishyaa IT India 20 Lakhs
Browne and Mohan 15 Lakhs

Abroad Jobs

Top International Recruiting Companies who hire International Master in Business graduates are:

1. ICICI Bank

2. Amazon

3. Google

4. IBM

5. Accenture

6. UBS

7. Microsoft

Job Profiles

Some of the famous expert avenues open to successful graduates of the International Master in Business degree are indexed underneath with the corresponding salaries provided for the respective positions.

Job Profile Job Description Average Salary in INR
Business Development Manager SBI Life Insurance, OYO Rooms, Standard Chartered Bank, Flipkart, Cognizant, Amazon, Max Newyork Life Insurance, Nous Infosystems INR 2.71 LPA
Marketing Manager Axis Bank, HDFC Bank, Kotak Mahindra Bank, Mahindra & Mahindra Ltd. Amazon, HCL Technologies Ltd., SBI Life Insurance Co. Ltd., Idea INR 2.91 LPA
Operations Manager Amazon, Genpact, HDFC Bank, TCS, ICICI Bank, HCL Technologies Ltd., Axis Bank, Wipro INR 3 LPA
Area Sales Manager ICICI Lombard General Insurance Company Limited, Mahindra & Mahindra Ltd., HDFC, Idea, Cipla Inc., 3M Company, Kotak Mahindra Bank, MACLEOD'S Pharmaceuticals INR 2.98 LPA
Business Development Executive JustDial, Cleartrip, Photon Infotech INR 2.74 LPA
Senior Business Analyst TCS, Accenture, EXL Service.com, Cognizant, J.P. Morgan Chase & Co. (JPMCC), FIS, Evalueserve, Novartis INR 4.43 LPA
Project Manager, (Unspecified Type / General) Infosys, Wipro, TCS, Accenture, Capgemini, Tech Mahindra Ltd., HCL Technologies Ltd., Cognizant INR 4.69 LPA
Business Manager HCL Technologies Ltd., Groupm INR 3.51 LPA
Investment Banker Bank of America Corp. (BOFA), The Goldman Sachs Group, Inc. INR 3.5 LPA

Scope for International Master in Business

The International Master in Business IMB program is an advanced, postgraduate-level degree, and it is built around the knowledge and expertise of Italy's renowned SDA Bocconi School of Management. It blends theory, case-study methodology, and global business experiences, with extensive corporate exposure to produce responsible business leaders. It is accredited by the AACSB, the AMBA, and EQUIS.

The IMB programme was founded 25 years ago and is currently one of the most established in SE Europe. It was the first master's programme in Slovenia and is based on the European Credit and Accumulation System (ECTS). In 2016, the Financial Times listed the IMB as one of the world's top 100 MBA programmes. Today, graduates of the IMB program are key employees of leading Slovenian companies.

IMB graduates are able to find excellent jobs and become valuable members of the business community, and they are also highly sought after by employers. A recent survey showed that many people are looking for international job opportunities. It was hard to predict how many people will become managers in a decade, but the IMB program has a growing reputation. The IMB program is internationally acclaimed and includes a specialization semester in Milan. The two-year course provides a solid foundation for a career in international business.

Students will gain a range of skills to be successful in the global economy. IMB alumni reported improving their communication skills and confidence, which will be helpful for their future.

International Master in Business: Career Prospects

The International Master in Business (IMB) program is an intensive, 1.5-year MBA program aimed at people with or without prior work experience. Students with a bachelor's degree may be eligible for admission. Many IMB graduates go on to successful careers in the corporate sector, where they can take advantage of their IMB credentials. After graduating, you can expect a good salary and job opportunities.

The International Master in Business programme consists of two 11-month modules, including a 4-month specialization semester in Milan, Italy. The program's modular structure allows participants to get the most out of a short period of time. The program's focus on case study methodology, international exposure, and cultural diversity allow students to make the most of their limited study time. And because students study in an environment with diverse cultures and perspectives, it is the perfect option for people looking for international exposure.

The International Master in Business program is the equivalent of a postgraduate degree and is a unique program that combines the knowledge of the SDA Bocconi School of Management in Milan with a global perspective. The curriculum is structured in two eleven-month modules, including a specialization semester held on the main campus of Bocconi in Milan. This program enables students to make the most of their limited time, while also offering a global perspective and a multicultural environment.

FAQs

(1) What is an International Master in Business?

Ans: An International Master in Business, often abbreviated as IMB, is a specialized postgraduate degree program designed to provide comprehensive knowledge and skills in various areas of business and management. It is typically targeted at individuals who wish to advance their careers in the global business environment and gain a deeper understanding of international business practices.

(2) What are the typical admission requirements for an International Master in Business?

Ans: Admission requirements may vary depending on the university or institution offering the program. However, common requirements often include a bachelor's degree in a related field, such as business, economics, or management. Some programs may also require relevant work experience, a competitive GMAT or GRE score, letters of recommendation, and a statement of purpose.

(3) How long does the International Master in Business program take to complete?

Ans: The duration of an IMB program varies, but it typically takes one to two years to complete full-time. Part-time options may be available, which can extend the program's duration.

(4) What subjects or courses are covered in an International Master in Business?

Ans: The curriculum of an IMB program covers a wide range of subjects, including international marketing, finance, strategic management, supply chain management, international trade, entrepreneurship, cross-cultural management, and global economics.

(5) Are there any language requirements for the program?

Ans: Given the international nature of the program, some institutions may require applicants to demonstrate proficiency in English or another commonly used business language. This is usually assessed through standardized language tests like TOEFL or IELTS.

(6) Can I pursue an International Master in Business without prior business education?

Ans: While some IMB programs may accept students with diverse educational backgrounds, having prior business education or related experience can be beneficial. If you do not have a business-related undergraduate degree, you might be required to take additional foundational courses before starting the core IMB curriculum.

(7) Are there opportunities for international exposure during the program?

Ans: Yes, many IMB programs offer opportunities for international exposure, such as study abroad programs, international internships, or field trips to foreign countries. These experiences aim to provide students with practical exposure to global business practices and cultural diversity.

(8) What career opportunities can I expect after completing an International Master in Business?

Ans: Graduates of an IMB program can pursue a wide range of careers in the global business arena. Some common career paths include international business development manager, global marketing manager, international trade analyst, supply chain manager, management consultant, and entrepreneurship in international markets.

(9) How does an International Master in Business differ from an MBA?

Ans: An International Master in Business typically focuses on the global aspects of business and provides specialized knowledge in international business practices. On the other hand, a Master of Business Administration (MBA) offers a broader and more general management education, covering various business disciplines with a focus on leadership and decision-making. An IMB may be more suitable for those specifically interested in global business, while an MBA is ideal for individuals seeking a versatile and comprehensive business education.

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