If you are interested in studying international business then you can opt for a PGDM program. The PGDM program offers in-depth knowledge in international business management. The course is a two year full-time program.
International business means the trade of goods or services across the borders of your country. It involves the transaction of goods between two countries.The PGDM program offers education and training in international business.
PGDM program features
The program is approved by the AICTE. The key features of the PGDM in international business program are as follows:
- The program helps to develop professionals with a global mindset so that they can perform effectively in multinational firms. The program helps them to develop analytical and practical skills.
- The program includes a 3-month GLobal Immersion program where the candidates travel abroad to learn about business practices. They get to learn from international faculties and also learn about business realities.
- The curriculum is rigorous and is supported by an experienced faculty.
- The candidates have to learn a foreign language and there are classes provided.
- The program includes on campus recruitment where the candidates can find final placements in top companies.
Eligibility for the program
The eligibility for the program is graduation with a minimum of 50% aggregate marks in the final examination. The candidates also have to clear one of the following MBA entrance tests: XAT, CAT, MAT, CMAT, GMAT, ATMA, state CET and NMAT by GMAC as applicable as per the AICTE guidelines.
Placements opportunities
Once you complete the program in international business you can find placements in various sectors like banking and financial services, research, mutual funds, rating agencies, wealth management, investment banking, insurance, finance, business development, corporate sales and IT sectors.
What is international business?
When firms want to go international to increase their business they have to get involved in international trade and transactions. The profit the firm makes is the difference between the value of the product being sold and the cost at which the product is sold.
There are different modes of entering the international market. When a firm decides to enter the international market it has to decide the mode of entry. The different modes are export, turnkey project, licensing, franchising and joint venture.
Factors governing international business
There are various factors that govern international business. They are as follows:
- Geographical limitations like the size of the country, climate, availability of natural resources and population.
- The political policies of the country and in case of political disputes the international trade can get affected.
- The domestic laws of the country and the international laws determine how a company can do international business.
- The values and the attitudes of the people living in the country.
- The difference in currency and the costs and the market size determine how you can do international trade.
To be successful in business abroad you need to plan well, do market research and culture research. This helps to do profitable business and reduce the risk of failure. All this can help you become an international business.
