Business studies have always been a big draw for international students. The reasons why students go in for an international business management course is because of their well-designed programs, exposure to different cultures and gaining an understanding of international markets. This gives them an edge when it comes to interacting with global clients and sets them apart from students who pursue their business studies in their own country. The benefits are many and we will come to them but first…
Why is international business a good major
International students make up about 80% of the students studying business courses in the UK. One of the main reasons for this popularity is that the MBA in the UK is for just 1 year. Canada and USA usually have business programs that run for a longer duration.
Previously, students from countries like India went to universities abroad to study courses that were not available in their own country and usually for master’s programs. This trend has changed with students heading overseas for undergrad programs in business as well as executive MBA programs that require a minimum of 3 years of work experience.
Benefits of studying business management outside your country
There are many answers to why study international business and those topping the list are the ones we have here for you
1. Admissions are easier in universities abroad compared to India
With lakhs of students qualifying every year, the competition is high for the top-ranked business schools in India. A student has to be in the top percentile to secure an admission in IIM and other top-ranked B schools in India. On the other hand, the benefit of doing an international business course is that they take your academic grades into consideration. This is why many students from India opt to study abroad.
It is also easier for Indian students to get into top-ranked universities in UK and USA because English is their medium of instruction, making IELTS and TOEFL easier for them. Certain universities like Aston, Sheffield and London School of business, do not require IELTS for students.
2. Open up opportunities to work in global locations
While you need to consider the time and financial investment required from your end, pursuing an international MBA may not be a drain on your finances because tuition fees are comparable to or even less than most Indian universities.
It can also lead to substantial long-term career payoffs. According to a recent survey, of 11,000 MBA alumni, seven out of ten said they wouldn’t have landed their present job without an advanced degree. Those with an international curriculum had more promotions. If you still need convincing is international business a good major then look no further than Mittu Chandilya. He grew up in Chennai and got an MBA at INSEAD (France-Singapore). From Ingersoll Rand, he moved to Egon Zehnder as it Principal Management Consultant in Singapore. He was appointed CEO of AirAsia India when it was launched.
When you decide on an international business management course, you are opened up to a number of specializations – business analysis, international finance and banking or global entrepreneurship and innovation to name a few. To know more speak to an IEC Abroad adviser for a free consultation.
3. Provides possibilities of international connections.
89%t MBA graduates build professional networks while studying that they can tap into at different stages of their career. Students who study an MBA from the University Glasgow, the University of Liverpool or University of Salford get an opportunity to meet employers from industries like Amazon, Apple Inc., Goldman Sachs, Capgemini, IBM, Adidas. The Westminster School of Business has a wide corporate connection, it is accredited by professional and international organisations like AMBA, CIMA, DMI, ACCA
The University of Bedfordshire Business School offers work placements and industry practice weeks. The school offers full time and part-time MBA’s that gives students a chance to work with academic and business thought leaders on live consultancy projects.
4. Develop transversal skills
Transversal skills include communication, teamwork, problem-solving, self-direction, strategic thinking, knowledge of technology. There are specific soft skills that employers look for but often have trouble finding. According to a survey, during placements, employers look for students who know how to manage time and have the ability to prioritize. 81% of students who study abroad perceive an improvement in their transversal skills. Universities like Aston, Glasgow, Trinity College Dublin, Lancaster have soft skills as part of their curriculum.
5. What you can do with a degree in business and entrepreneurship
There are many universities that have specific business programs for entrepreneurs. The course curriculum is exhaustive and topics can run the gamut of developing international business plans, international trade theories and practices, international expansion models as well as the economic and sociological theories of entrepreneurship. The University of Essex offers an MSc in International Business and Entrepreneurship. The best part of this course is that you do not need a business study background to apply for this course. Sabeer Bhatia, a Chandigarh born and Stanford educated entrepreneur went on to start Hotmail along with a colleague in 1996.
Are you still wondering if business studies is a good degree? To all those enthusiastic students out there who want to become budding entrepreneurs or want to climb the corporate ladder but still wondering if business studies is a good major then I hope this article has resolved that question. If you want to know more about business courses offered abroad, then chat with us.