MIB: Course Details, Admission, Eligibility, Fees
MIB or Master of International Business is a two year postgraduation management course that deals with the identification and management of challenges arising from planning, controlling, and coordinating business activities on an international scale. MIB course prepares students for a wide range of career options, including Management Analyst, Marketing Manager, Executive, Human Resources Manager, Financial Analyst, Economist, and Policy Analyst.
Table of Contents
- About MIB
- Eligibility Criteria for MIB Course
- Who Should Pursue MIB Course?
- How To Get Admission into MIB Course?
- Types of MIB Courses
- Popular Entrance Exams for MIB Course
- Top MIB Colleges in India
- MIB Course Fee in India
- MIB Course Comparison
- MIB College Comparison
- Preparation Tips for MIB Course
- Scope For Higher Education
- MIB Salary In India
- Career Options After MIB Course
- Skills That Make You The Best MIB Graduate
MIB Course Details
| Degree | Masters |
| Full Form | Master in International Business |
| Duration | 2 Years |
| Age | No age limit |
| Subjects Required | Commerce |
| Minimum Percentage | 50% |
| Average Fees | ₹60K - 15 LPA |
| Average Salary | INR 7 - 13 LPA [Source: PayScale] |
| Employment Roles | Business Development Manager, Operations Manager, Marketing Manager, Area Sales Manager, Business Development Executive, Business Analyst, Senior Business Development Manager etc |
| Top Recruiters | Tata Consultancy Services Limited, Wipro Technologies Ltd, HCL Technologies Ltd, Accenture, Standard Chartered Bank, JP Morgan Chase & Co, Ericsson Inc, Williams Sonoma Incorporated, Citibank etc |
About MIB
MIB full form stands for Master of International Business. MIB course duration is generally 2 years. MIB syllabus and subjects focus on strategic planning for international operations and provide an in-depth understanding of the organization's capabilities required for international operations, including specialized functions such as international marketing, finance, and human resources management. MIB job scope provides good exposure to graduates with dynamic job roles.
Eligibility Criteria for MIB Course
MIB course eligibility is dependent on the requirements set by the particular universities/colleges. Candidates who want to apply for the MIB course will be required to have a Bachelor's Degree from any recognized university and must have passed/her 10+2 exam with a minimum of 50% in the former subject from a recognized board.
MIB is a postgraduate program that has entrance exams conducted for the students who are applying for this course. Students who are interested in this course have no age limit.
Who Should Pursue MIB Course?
The MIB programme seeks to develop effective leaders for the MIB sector. It concentrates on the growth of managerial, financial, and risk issues associated with business on an international scale. For individuals that want to stand out in their industry, the following things should be taken into consideration while choosing a MIB programme.
- Candidates must sincerely care about the topic.
- If a student has a Bachelor's degree in a relevant field, they should be able to enrol in the course.
- Candidates can enrol in the course to hone and expand their fashion management abilities after at least a year of relevant experience.
When To Do MIB Course?
Both nationally and internationally, MIB offers a variety of professional opportunities. Any time is a good time to pursue MIB. The following are a few variables that impact MIB:
- Before pursuing a career in MIB, it is best to have at least a year of experience in handling or being exposed to business on an international scale. Even if it is not necessary, gaining weight while being welcomed is an excellent thing.
- Candidates must have three to five years of professional experience if they plan to study MIB overseas.
- Due to the high expense of the programme, it is advised to have some resources on hand and work experience before enrolling in MIB.
How To Get Admission into MIB Course?
The admission requirements for MIB courses differ from the universities/colleges that offer the course. In general, most Universities/Colleges conduct their entrance exams to determine which students are admitted. The majority of universities and colleges' eligibility criteria use the CAT and MAT scores for admissions.
Students interested in this course must have cleared their bachelor in commerce undergraduate program and this course can also be done by any age group student. MIB course admission can be done with both online and offline methods. Mentioned below are some of the details for the admission process:
How to Apply for a MIB course?
Admission details for the MIB course are available on the college/university's official website where candidates can apply. Admissions are handled both online and offline. To learn more about MIB course details and follow the application guidelines, students must visit the college/university's official website.
As each college/university has a different admission process, students should check college/university official websites frequently. To apply offline, students must visit the colleges/universities which offer this course and check the admission process. Online, applicants need to visit the college/university's official website to check the admission process for this course.
Selection Process
MIB candidates are mostly selected in India based on the percentage they scored in their 10+2 exams and the percentage obtained in undergraduate programs. MIB course details vary among colleges/universities that offer the course, so some colleges have eligibility criteria for students who wish to take this course.
The colleges/universities have an entrance test, and the candidates who pass it get into the college or university. MIB entrance exams are conducted according to the guidelines of the colleges/universities.
Types of MIB Courses
Aspirants can pursue the course in full-time or part-time mode. Below are the types of MIB courses in detail:
Full-Time MIB
A two-year, full-time MIB is available. Practical knowledge is more important than theoretical understanding in this line of work. A full-time course provides the benefit of allowing students to connect closely with teachers and other students, thus expanding their exposure, experience, and knowledge.
Part-Time MIB
There is a part-time MIB. In this line of business, practical expertise supersedes theoretical comprehension. The advantage of a part-time MIB is, it allows candidate flexibility to work while studying.
Distance MIB
When pursuing a MIB after having a bachelor's degree but lacking the time to attend traditional sessions, distance learning is the ideal option. Depending on the candidate's schedule, it takes two or three years to finish. MIB is not offered as a distance education course in India.
Popular Entrance Exams for MIB Course
In some colleges/universities offering this MIB postgraduate course, admission is determined by the course guidelines. A top business-based exam can also be used to pass the MIB entrance exams. Common Admission Test (CAT), is used as an entrance exam for some college students pursuing this course. In some colleges and universities, there are separate entrance exams with cut-off marks. The following are some of the top MIB entrance exams:
A Quick Glance at the MIB Entrance Exams
The MIB course requires that students be familiar with the international business exam pattern and syllabus before taking the examination. It will help the students to prepare for the exam in advance and it will also help the students to clear the exam easily. In general, the CAT entrance exam has the following format:
- CAT will be held via the internet, as a computer-based test.
- 2 hours is the duration of the CAT exam.
- The exam is conducted in English.
- Each section of the paper is organized according to the following subjects: Data Interpretation and Logical Reasoning, Quantitative Ability, and Verbal Reasoning and Reading comprehension.
- There is a maximum score of 228 points for the exam.
- All correct answers will be rewarded with +3 marks.
- Incorrect answers will result in a -1 mark.
Top MIB Colleges in India
MIB colleges and universities are located all around the country. An International Business degree is ideal for students who want to develop a global mindset and understand different management practices. Students who take the MIB course in India gain professional development skills for further growth in their field.
The following are the Top 10 MIB Colleges in India:
| SI.NO | Lists of Colleges | Average Fees (INR) |
| 1 | IMS, Noida | 3.7 LPA |
| 2 | International Academy of Management and Entrepreneurship, Bangalore | 2.96 LPA |
| 3 | Shri Nehru Maha Vidyalaya College of Arts and Science, Coimbatore | 1.2 LPA |
| 4 | Hardwar Educational College, Haridwar | 3.5 LPA |
| 5 | Institute of Business Management and Technology, Bangalore | 14 LPA |
| 6 | KG College of Arts and Science, Coimbatore | 1.38 LPA |
| 7 | Institute of Media Management and Technology, Dehradun | 3 LPA |
| 8 | St Wilfreds College for Girls, Ajmer | 2.9 LPA |
| 9 | Parks College, Tirupur | 30,000 PA |
| 10 | RVS College of Arts and Science, Coimbatore | 38,000 PA |
Top MIB Colleges in Bangalore
Below is the list of colleges which are the top MIB colleges in Bangalore:
| SL.NO. | Institutions |
| 1 | Seshadripuram College |
| 2 | Mangalore University |
| 3 | Acharya Institute of Graduate Studies |
| 4 | Guru Jambeshwar University of Science & Technology |
Top MIB Colleges in Delhi
Below is the list of colleges which are the top colleges of MIB in Delhi:
| SL.NO. | Institution |
| 1 | Institute of Marketing and Management |
| 2 | Jamia Millia |
| 3 | MDI |
| 4 | IIFT |
| 5 | Amity University |
Top MIB Colleges in Mumbai
The top MIB Colleges in Mumbai are given below:
| SL.NO. | Institution |
| 1 | K J Somaiya Institute of Management |
| 2 | IIBMS |
| 3 | NMIMS |
| 4 | Indian Institute of Materials Management |
Top MIB Colleges in Chennai
Here is the list of top colleges of MIB colleges in Chennai:
| SL. NO. | Institution |
| 1 | Hindusthan College of Arts & Science |
| 2 | Nallamuthu Gounder Mahalingam College |
| 3 | Government Arts College of Men |
| 4 | Dr G.R Damodaran College of Science |
Top MIB Colleges in Coimbatore
The top MIB Colleges of Coimbatore are given below:
| SL.NO. | Institution |
| 1 | Dr G.R Damodaran College of Science |
| 2 | Tirppur Kumarran College for Women |
| 3 | Sri Jayendra Saraswathy Maha Vidyalaya College Of Arts And Science |
| 4 | S.N.R Sons College |
Top MIB Colleges in Government Colleges
Government Colleges that offer MIB are affordable and cater to the economically backward and financially despondent section of society. Here is a table of government colleges offering MIB:
| Sl.No | Institution |
| 1 | Bharathiar University, Coimbatore |
| 2 | Bangalore University, Bangalore |
| 3 | UNIRAJ, Jaipur |
| 4 | University of Mumbai |
| 5 | CCS University, Meerut |
Top MIB Colleges in Private Colleges
Numerous prestigious universities in private universities offer a range of MIB programmes. Numerous famous schools and universities are located throughout the country. The top universities that offer a MIB are listed below:
| SL.NO. | Institutions |
| 1 | IMS, Noida |
| 2 | IMI, Gurgaon |
| 3 | NAISH, Bangalore |
| 4 | Institute of Business Management and Technology, Bangalore |
| 5 | ODM, Gurgaon |
MIB Course Fee in India
MIB course fees in India may vary depending on the infrastructure and facilities offered by the colleges/universities offering the course. In India, the average course fee is INR 60,000-15 LPA. Fees for MIB course fees in India differ from other business courses, and the demand for MIB fee structure in international business sectors is high. MIB course fees are reasonable compared with those in foreign countries. The fee structure for some colleges in India offering MIB courses is as follows:
| SI.NO | Name of the Institute | Average Annual Fees (INR) |
| 1 | ISBMA Bangalore | 44,900 PA |
| 2 | Mangalore University, Mangalore | 60,000 PA |
| 3 | IIMA Chennai | 80,000 PA |
| 4 | Mahatma Jyoti Rao Phoole University, Jaipur | 25,000 PA |
| 5 | Madhya Pradesh Bhoj Open University, Bhopal | 16,560 PA |
MIB Course Comparison
Below is a comparison of the MIB Course with other courses:
MIB vs MBA
Listed below are the major differences between MIB and MBA:
| Parameters | MIB | MBA |
| Full-Form | Master in International Business | Masters of Business Administration |
| Type | Academic Degree | Professional Degree |
| Domain | International Business | Business Administration |
| Objective | It deals with strategic planning for international operations | It deals with developing business and technical knowledge among students |
| Examination type | Semester | Semester/Trimester |
| Admission Process | Entrance exam | Entrance Exam |
| Specialization | None | Finance operation, Human resources, Marketing |
| Average fees | INR 60,000 - 15 LPA | INR 20,000 - INR 20 LPA |
| Average Placement Package | INR 10 LPA | INR 15 LPA |
| Job Opportunities | Global Business Manager, Investment Banker, and International Marketing Manager. | Marketing Manager, Financial Manager, Human Resources manager, operation manager |
Read More: MBA
MIB College Comparison
Listed below are the difference between the top MIB colleges in India:
| Parameters | Department of the Commerce | Chandigarh University | University of Kota |
| Overview | The Department had proved to be the premium institute for providing the best course curriculum development, teaching and research in the Commerce discipline. | Chandigarh University provides a highly professional degree for students who wants to learn global business trends. | The University of Kota provides several Undergraduate, Postgraduate, M.Phil. and PhD courses under a plethora of specializations. |
| Location | New Delhi | Punjab | Rajasthan |
| Rank | 11 - NIRF | 52 - NIRF | 78 - NIRF |
| Average Fees | INR 9,000 PA | INR 4.3 LPA | INR 12,000 PA |
| Average Package | INR 9.5 LPA | INR 8 LPA | INR 5 LPA |
| Placement Companies | Maruti Suzuki, HeroMoto Corp, GTPW, Bajaj Finserv | Hitachi, Honda, Alembic, Yes Bank, American Express | ICICI Bank, Genpact, SBI Life |
Seat Break-up
There are about 60 seat break-ups in MIB in India. MIB is a postgraduate degree course in International Business. It's a professional degree that helps in developing an individual to serve as a manager. MIB helps in improving an individual's skills such as planning and controlling business activities on an international scale.
Preparation Tips for MIB Course
Business professionals with a MIB postgraduate program can choose from a variety of career options. If this is the career path a student wishes to pursue, they should be well prepared for it. Here are some important tips which students can follow to get into this MIB course:
Improving the skills: Before applying to this course, be sure you have the skills that will help you in getting into this course. Improve your business skills and management skills to enhance your success in this course. For a better understanding of the course, improve your communication skills and learning abilities.
Proficiency: To complete this course, students should have a solid understanding of international business. In addition, those with business experience and greater interest can benefit from this course after completing it.
Scope For Higher Education
Master’s in International Business is a postgraduate course that is well respected and well recognized in the business sectors. The International Business program gives students an understanding of different business management practices found all over the world, preparing them for graduate careers working abroad or in organizations that are engaged in business on a global scale. After completing MIB courses, many students want to gain hands-on experience and move their careers forward. The following are some of the higher education available to students:
- MBA
- CIPD
- CMI
- CIM
MIB Salary In India
The average salary package for MIB courses in India ranges between INR 7-13 LPA (Source: PayScale). The salary offered to students varies depending on their skills and experience in the international business sector, as well as their course graduating progress.
Read More: MIB Salary
Career Options After MIB Course
MIB course college graduates have a large number of career options. The scope of MIB course colleges in India provides their students with theoretical and practical skills to help them advance their careers. After completing this program, candidates are qualified to join any top international business job and to hold a good career.
In addition to the MIB course, graduates can choose from the following job roles:
- Media Planner
- Financial Trader
- Digital Marketer
- Compliance Officer
- Sales Executive
- Public Relations (PR) Account Executive
- Human Resources Officer or Manager
- Marketing Manager
- Management Analyst
- Policy Advisor or Analyst
- International Trade and Customs Manager
- Business Development Manager
- International Economist
- Financial Controller or Manager
- International Marketing Director
Skills That Make You The Best MIB Graduate
MIB graduates should develop their business and unified communication skills. The skills that a student needs to develop for his/her career growth can also be developed according to his/her interests. For their career growth, some skills must be developed without a personal interest in learning. The following are some of the most important skills for MIB graduates:
- Appreciation of cultural differences
- Communicating with different audiences
- Critical Thinking
- Planning and management
- Problem-solving
- Research and analysis
- Teamwork
