Is an MBA in International Business Right for You?

You have likely heard the age-old phrase, “It’s a small world”. Well, in today’s interconnected global economy, that phrase is becoming more relevant as businesses increasingly require professionals with expertise in international markets. If you’re considering a leadership role in this dynamic environment, an MBA in international business could be your ideal next step.

But is it the right path for you? Let's explore how this programme can shape your career and future opportunities.

What Is an MBA in International Business?

A Master of Business of Administration programme in International Business covers core subjects, such as finance, accounting, and marketing, while focusing on international laws, cross-border trade, and global economics.

You’ll learn to understand foreign markets, manage cross-border teams, and develop strategies for a company’s international growth. 

What Is the Difference Between an MBA and an MBA in International Business?

Both programmes cover business management fundamentals, but an MBA in International Business adds a global focus. While traditional MBAs cover general management, the international MBA dives into global economics, trade laws, and cross-border leadership.

For instance, if you aim for MBA jobs in Singapore, especially in multinational corporations with international clients, an MBA in International Business gives you an advantage. It provides expertise in the global economy, cultural sensitivity, international laws, and trade policies.

Skills Required to Excel in MBA in International Business

Success in an MBA in International Business requires a blend of interpersonal, analytical, and strategic skills. Programmes like the Master of Business Administration in International Business at the London School of Business and Finance in Singapore, help students hone these skills, preparing them for top roles in international firms. Here are a few key skills you'll develop:

• Cross-cultural Communication: Managing communication across diverse, global teams.
• Strategic Thinking: Creating strategies for international market entry and expansion. The Graduate Management Council (GMAC) reports that strategic thinking is crucial for MBA jobs. (Source: GMAC)
• Leadership: Leading culturally diverse teams with sensitivity and effectiveness.
• Negotiation: Handling international deals and partnerships where legal and cultural differences add complexity.
• International Entrepreneurship: Identifying and seizing business opportunities in foreign.

These skills are essential for MBA jobs in Singapore and other global business hubs, where cross-border knowledge is key.

What are the Reasons for Choosing an MBA in International Business?

When considering an MBA in Singapore with an international focus, it’s important to evaluate what the programme offers. One significant reason for choosing an MBA in International Business is the wide range of opportunities it opens on a global scale. Here are some primary reasons to choose this programme:

• Global Career Opportunities: An MBA in Singapore with an international focus gives you a competitive edge in the job market, making it easier to land leadership roles in fast-growing industries
• Cultural Competence: You’ll develop the ability to work effectively with people from diverse backgrounds.
• Networking: You’ll build a robust global network of peers, mentors, and industry leaders, enhancing your career prospects.

How Much Does it Cost to Study an MBA in International Business?

The cost of an MBA in Singapore varies by institution. On average, tuition fees for an MBA in international business range from SGD 19,000 (local students) to SGD 21,000 (international students). Additional expenses may include course materials, accommodation, and international travel if study tours or internships are part of the programme.

Higher Studies After an MBA in International Business

If you're looking to pursue further education after completing an MBA in international business, several advanced academic options can enhance your expertise and career prospects:

1. PhD in Business or International Business: Ideal for those interested in academia or research.
2. Doctor of Business Administration (DBA): A more practice-focused alternative to a PhD, preparing for executive roles like CEO or CFO.
3. Postgraduate Diplomas: Specialisations in areas like global marketing or international finance.
4. Master’s in Economics or International Relations: Great option for positions such as economist, policy advisor, or international relations specialist in the corporate and public sectors.
5. Executive Education Programmes: Short-term, skill-enhancing courses for senior management roles, such as Strategy Consultant or International Operations Director.

What Salary Can I Get After an MBA in International Business?

The Graduate Management Admissions Council (GMAC) reports that MBA job salaries average USD 125,000 per year globally. (GMAC)

In Singapore, graduates can expect salaries between SGD 86,000 and SGD 94,000 annually. Those in leadership roles can earn an average of SGD 173,000 per year. (Source: Glassdoor, PayScale )

Top Jobs With an MBA in International Business

Here are some job opportunities for an MBA in International Business that you can consider:

1. Business Development Manager

Responsibilities: Lead market expansion efforts, build client relationships, and identify growth opportunities for multinational businesses.

• Singapore: SGD 80,000–SGD 140,000 (Source: Morgan McKinley)
• United States: USD 90,000–USD 135,000/year (Source: Indeed)
• United Kingdom: GBP 55,000–GBP 60,000/year ( Source: National Career Services)

2. Finance Manager

Responsibilities: Manage the financial health of global operations, oversee international budgets, forecasting, and compliance with different countries' regulations.

• Singapore: SGD 90,000–SGD 150,000/year (Source: Morgan McKinley)
• United States: USD 95,000–USD 102,000/year (Source: Indeed)
• United Kingdom: GBP 60,000–GBP 90,000 (Source: Robert Half )

3. Global Project Manager

Responsibilities: Oversee international projects and their timely completion within budget, and manage cross-border teams.

• Singapore: SGD 85,000–SGD 140,000/year (Source: Morgan McKinley)
• United States: USD 100,000–USD 116,000/year (Source: Indeed)
• United Kingdom: GBP 40,000–GBP 63,000/year(Source: Glassdoor)

4. Chief Marketing Officer (CMO)

Responsibilities: Develop global marketing strategies and manage branding for market growth in diverse regions.

• Singapore: SGD 180,000–SGD 250,000/year (Source: Glassdoor)
• United States: USD 150,000–USD 250,000/year (Source: Indeed)
• United Kingdom: GBP 90,000–GBP 122,000/ year (Source: Indeed)

5. Senior Business Analyst

Responsibilities: Conduct market research and analyse international business trends for strategic decision-making in global markets.

• Singapore: SGD 80,000–SGD 120,000/year (Source: Morgan McKinley)
• United States: USD 85,000–USD 102,760/year (Source: Indeed)
• United Kingdom: GBP 70,000–GBP 86,000/year (Source: Robert Half)

KPMG refers to Singapore as the "Sea-licon Valley of Asia”, because of its increasing need for international business professionals. (Source: KPMG) Studying for an MBA in Singapore, especially at LSBF Singapore Campus can open doors to numerous global career opportunities.

The Master of Business Administration in International Business at LSBF Singapore Campus focuses on global market strategies, leadership, cross-cultural communication, international entrepreneurship, and beyond, equipping you with the skills needed for high-level positions in multinational corporations.

Explore more about Master of Business Administration in International Business and shape your global career!

 A blog written by Serin Thankam Sam and edited by Candice

FAQs

Q: What are the key benefits of an MBA in international business?

• Broader career opportunities in multinational corporations
• In-depth understanding of global trade and economics
• Enhanced leadership and management skills on a global scale

Q: How long is the MBA programme for international business?

The programme lasts 1-2 years, depending on whether you study full-time or part-time.

Q: What are the core subjects of an MBA in international business?

Common subjects include international finance, global marketing, cross-cultural management, international trade laws, and global supply chain management.

Q: What career opportunities are available after completing an MBA?

An MBA in International Business offers careers in finance, consulting, manufacturing, and tech, with options to work in multinational companies or start your own business.