international business management course
Embark Career on Management with a Post Graduate Diploma in International Business Management
International Business Management Course | Image Resource : freepik.com
The advent of globalization has widened the business sector across the globe. Technological aggression and rapid digitalization have added fuel into this growth. Right from the financial sector to food, automobiles, information technology Indian firms are displaying a noticeable growth in the international business scenario. With these change and growth, a new career path has appeared where people are dealing with developments or challenges in managing the international business for a successful world economy in the edge of the technological revolution. This has now given rise to the surge of the specific segment which focusses on managing international businesses and collaboration. This not only involves theoretical knowledge of the international policies , but the right analytical and problem-solving skills which can help in boosting the business. To pursue a career in this sector an understanding of the organizational structures or the diverse approaches of international business management indeed important.
The PGDM course in International Business Management is enabling students to increase the knowledge related to the issues of management or the procedure of business. The course is focusing on providing the students with an apt knowledge about the interrelationship between the core functional areas public or private sector organizations. In addition to a specific course and a degree in international business management, most of the management courses have IB or international business as a part of their curriculum. The primary reason for the focus on this is the growing importance of international trade. Due to growth in technology, companies are now focusing on international clientele and business and hence, they need individuals who can help them manage their international businesses.
The course is designed in a way to provide knowledge about the structure of international business management. While enabling students to acquire a grasp on strategic operations of international business it is also shedding lights on the impact of socio-cultural, political issues on foreign markets and international business practices.
Get an idea about the PG Diploma in international business management course
1. Course information
A good number of colleges offer PGDM in international business management. The duration of the course is 2 years and to complete the course candidates required to qualify the all four-semester examinations. Beneath are a few information associated with international business management course.
| IB Curriculum | |
| Financial Diversities and Risk Management | International Business Strategy |
| International Supply Chain Management | Financing of International Trade |
| International HRM | Global Compliance in Exports |
| International Supply Chain and Logistic Management | Foreign language for Business |
| Cross Culture Management | Online Business |
| International Contract Management | Management of Strategic Alliance |
| Competitive Strategy | IB Strategy |
| Procurement and Material Management | International Economics |
This is a brief overview of the different topics covered in the IB curriculum. In addition to the theoretical learning, internship is also a part of this course, thus enabling better implementation of the theories which the students have learned.
i) The aim of the course
• The international business management program is a comprehensive course with the basic of international business. The course is comprised of principles and theories of the sector and enables the students to understand the working scenario of international business.
• This PG level academic course ensures to provide a realistic overview of the sector with a core aim to develop the skills and capacity of the students to become a business leader. The course helps the candidates to meet the required skills and abilities for a job in this area as well as help to develop capabilities of the students to lead industrial activities in international business.
• The core aspects of the PGDM in International Business course are to fabricate business leaders who have the capability and skills to meet the needs of the global economy. The course is comprised of international business aspect via globalization, trade policy, foreign direct investment, strategies of international firms, strategic alliances. Furthermore, the course also provides knowledge about cross-cultural and international human resource management.
ii) Course Syllabus
Those who are looking to opt for the PGDM program in international business management have to appear for the four-semester examination for the successful completion of the course. The syllabus of the program is also divided into four semesters, two semesters in a year.
• The syllabus is designed covering almost all the aspects associated with International Business. Hence this PGDM program enables to provide the students with a holistic understanding of the domain.
• The course syllabus has subjects like Principles of Management, Human Resource Management, Cost Accounting, Foreign Exchange Management, International Business Environment, Internet Marketing etc. It also includes practices, viva-voice and projects.
iii) Career opportunity
After successful completion of this course, students have a wide array of job opportunities in various organizations like MNC’s, the business of import-export or entrepreneurial activities with handsome earning opportunities.
• Some of the job profile associated with this domain is International Finance Manager, Global Business Manager, Export managers and executives, Business Development Manager, Investment Banker etc.
• An individual with skills and knowledge of IB are in demand. After completion of the course one can also opt for startups planning to expand their business. Apart from foreign banks and finance companies recruiters from the manufacturing industry also hire people having certified knowledge of international business management.
2. Know about the Eligibility criteria for the course
• To get enrolled in this PG level management program the candidate has a graduate in any stream from a recognized state or private or deemed or central University. The required marks for the program are with 50% and for reserved category candidates 45% to 50%.
• To avail the benefits of the reserved category the applicant has to produce authentic reservation certificate duly issued by the competent authorities.
• If candidate score less than required perchance in the UG level the respective applicant has to appear for a Common Entrance Test for the selection process. In addition during the time of enrollment, the applicant should not have any unclear backlog or compartment in any of the subjects at UG level.
• Most of the educational institution conducts the selection process on Merit-basis or a Common Entrance Test (CET) viz CAT, MAT, XAT, GMAT etc. Applicants need to qualify the entrances by scoring the minimum qualifying marks.
• Along with these eligibility criteria, certain colleges also add additional criteria like work experience. To take admission these additional criteria also have to be fulfilled.
Tabular Representation of the IB Course :
| Course Name | International Business Management |
| Eligibility | Graduation with 50% marks or equivalent CGPA from a reputed institute. |
| Course Duration | 2 years with Semester system |
| Entrance | The selection is either merit-based or via entrance test like XAT, MAT, CAT, GMAT etc. |
| Course Fee | Rs. 60,000 to 7 Lacs |
4. The admission process for PGDM in international business management course
The admission in the course is purely merit basis. To get admission in the B-schools or universities that offer the course applicants have to qualify the aforementioned eligibility criteria. The process of admission for the course is almost alike in all b-schools or colleges.
• A merit list of the qualified candidates is prepared aftermath the entrance examinations and candidates are invited for counselling cum admission process.
• Once the process of final allotment of the takes places the candidates required to is asked to deposit the course fee. They also have to complete the registration process for that particular academic year.
• The course fee usually ranges from INR 60,000 to 7 Lacs. However, the fees may be varied on the basis of institution location and nature viz government, state or private etc.
PGDM in IB management is a beneficial course for the individual who is seeking to initiate a career in management or looking for a job in the public sector. People who are planning for an independent startup in the domain can also get benefited from the course as the course widens the opportunity for progress in the entrepreneurial venture. While planning to pursue a degree or diploma in this sector make sure that you choose the right college and don’t forget to check their affiliation before paying the fees.