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MBA in International Business at L.R. Institute of Management
Solan, Himachal Pradesh
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About the Specialization
What is International Business at L.R. Institute of Management Solan?
This International Business program at L.R. Institute of Management focuses on equipping students with a global perspective on trade, finance, and operations. It delves into the complexities of cross-border business activities, preparing professionals for an interconnected world. The program emphasizes the nuances of the Indian market''''s integration into the global economy, offering a blend of theoretical knowledge and practical application vital for success in international commerce.
Who Should Apply?
This program is ideal for ambitious fresh graduates seeking entry into global trade, export-import, or international finance roles. It also suits working professionals looking to upskill in global business strategies or career changers aiming to transition into multinational corporations. Individuals with a strong interest in international relations, economics, and diverse cultural business practices will find this specialization particularly rewarding.
Why Choose This Course?
Graduates of this program can expect diverse career paths in international marketing, supply chain management, trade finance, and global HR, crucial for India''''s burgeoning export sector. Entry-level salaries typically range from INR 4-7 lakhs per annum, with experienced professionals earning significantly more. Growth trajectories include roles as international business analysts, export managers, and global supply chain specialists, aligning with certifications like FIEO courses.
Student Success Practices
Foundation Stage
Develop Strong Business Fundamentals- (Semester 1-2)
Focus rigorously on core subjects like Management Process, Managerial Economics, and Accounting. Utilize online platforms for additional practice and conceptual clarity, ensuring a robust understanding of foundational business principles.
Tools & Resources
NPTEL courses, Coursera Business Foundations, Case study analysis groups
Career Connection
A solid foundation in core business areas is essential for understanding global business contexts and for success in campus placements, enabling better critical thinking in interviews.
Cultivate Quantitative & Analytical Skills- (Semester 1-2)
Excel in Business Statistics and Research Methodology. Participate in data analysis workshops and learn basic spreadsheet modeling to interpret business data effectively, which is crucial for international market analysis.
Tools & Resources
Microsoft Excel, SPSS tutorials, R for Business Analytics (beginner courses), Kaggle mini-competitions
Career Connection
Strong analytical skills are highly valued in international business for market analysis, financial forecasting, and strategic decision-making in diverse global markets.
Initiate Peer Learning & Networking- (Semester 1-2)
Form study groups for challenging subjects, engage actively in classroom discussions, and attend college-organized webinars or guest lectures by industry experts to broaden perspectives.
Tools & Resources
LinkedIn, College alumni network events, Departmental seminars
Career Connection
Building a strong peer network fosters collaborative problem-solving, broadens perspectives, and can lead to future professional opportunities and mentorship in the business community.
Intermediate Stage
Gain Practical International Business Exposure- (After Semester 2 (Summer) and during Semester 3)
Actively seek out and complete a summer internship (after Sem 2) in an export-import firm, logistics company, or a department focused on international operations within an MNC. Focus on project-based learning.
Tools & Resources
College placement cell, Internshala, Specialized job portals for international trade
Career Connection
Practical exposure through internships provides invaluable experience, helps in applying theoretical knowledge, and is often a prerequisite for final placements in the international business sector.
Specialize in International Trade & Finance- (Semester 3-4)
Deep dive into International Business electives like International Marketing, Export-Import Procedures, and International Financial Management. Pursue relevant professional certifications in these areas.
Tools & Resources
Online courses on EXIM procedures (e.g., from FIEO), NISM certifications for financial markets, IIFT programs
Career Connection
Specialized knowledge makes you a preferred candidate for roles requiring specific expertise in global trade compliance, finance, and marketing strategies, enhancing employability.
Enhance Global Communication Skills- (Semester 3-4)
Participate in mock international business negotiations, present case studies on global business scenarios, and consider learning a foreign language relevant to major trading partners like Mandarin or German.
Tools & Resources
Toastmasters International clubs, Online language learning apps (Duolingo, Babbel), College debate clubs
Career Connection
Effective cross-cultural communication is paramount in international business, facilitating successful deals, efficient team collaboration, and robust client relationship management globally.
Advanced Stage
Undertake a Comprehensive Dissertation/Project- (Semester 4)
Choose a challenging research topic in International Business for your dissertation, conduct thorough primary and secondary research, and present robust findings to demonstrate deep analytical capability.
Tools & Resources
Research databases (JSTOR, EBSCO), Statistical software (SPSS, R), Academic mentors
Career Connection
A well-executed dissertation showcases research capabilities, analytical depth, and problem-solving skills, highly valued in consulting, market research, and strategic roles in international firms.
Master Interview & Placement Preparedness- (Semester 4)
Actively participate in campus recruitment drives, attend placement training sessions, practice group discussions, and conduct mock interviews specifically tailored for international business roles.
Tools & Resources
Placement cell resources, Online interview preparation platforms (AmbitionBox, Glassdoor), LinkedIn for company research
Career Connection
Focused preparation maximizes your chances of securing desirable placements in top-tier companies within the international business domain, leading to a strong career launch.
Build Professional Network & Thought Leadership- (Throughout program, intensified in Semester 3-4)
Attend industry conferences, workshops, and seminars related to international trade. Engage with thought leaders on LinkedIn and contribute to relevant professional discussions to establish your presence.
Tools & Resources
Industry associations (FIEO, CII), Trade publications, Professional networking platforms (LinkedIn)
Career Connection
A strong professional network opens doors to mentorship, career opportunities, and keeps you abreast of industry trends, facilitating long-term career growth in International Business.
Program Structure and Curriculum
Eligibility:
- Bachelor''''s Degree with minimum 50% marks (45% for SC/ST) from a recognized University.
Duration: 2 years (4 semesters)
Credits: 94 Credits
Assessment: Internal: 30%, External: 70%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MBA-101 | Management Process & Organizational Behaviour | Core | 4 | Management Theories & Functions, Organizational Behavior Concepts, Personality & Perception, Motivation & Leadership, Group Dynamics & Conflict Management |
| MBA-102 | Managerial Economics | Core | 4 | Demand and Supply Analysis, Production & Cost Theory, Market Structures, Pricing Strategies, Macroeconomic Indicators |
| MBA-103 | Accounting for Management | Core | 4 | Financial Accounting Principles, Cost Accounting Techniques, Management Accounting Tools, Financial Statement Analysis, Budgeting & Variance Analysis |
| MBA-104 | Business Environment & Law | Core | 4 | Economic & Political Environment, Socio-Cultural Environment, Legal Framework of Business, Consumer Protection Act, Companies Act |
| MBA-105 | Business Statistics | Core | 4 | Probability & Distributions, Sampling & Estimation, Hypothesis Testing, Correlation & Regression Analysis, Time Series Analysis |
| MBA-106 | Computer Applications in Management | Core | 4 | MS Office Applications, Database Management Systems, Internet & E-Commerce Concepts, Management Information Systems, Data Analysis Tools |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MBA-201 | Marketing Management | Core | 4 | Marketing Mix Strategies, Consumer Buying Behavior, Market Segmentation & Targeting, Product & Brand Management, Pricing & Promotion Decisions |
| MBA-202 | Human Resource Management | Core | 4 | HR Planning & Recruitment, Selection & Placement, Training & Development, Performance Management, Compensation & Benefits |
| MBA-203 | Financial Management | Core | 4 | Capital Budgeting Decisions, Working Capital Management, Cost of Capital & Leverage, Dividend Policy Decisions, Financial Markets & Instruments |
| MBA-204 | Operations Management | Core | 4 | Production Planning & Control, Inventory Management, Quality Management & Control, Supply Chain Management, Project Management Techniques |
| MBA-205 | Research Methodology & Quantitative Techniques | Core | 4 | Research Design & Process, Data Collection Methods, Sampling Techniques, Hypothesis Testing & Parametric Tests, Multivariate Data Analysis |
| MBA-206 | Organizational Change & Development | Core | 4 | Models of Organizational Change, Organizational Development Interventions, Stress Management, Conflict Management, Team Building & Empowerment |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MBA-301 | Corporate Strategic Management | Core | 4 | Strategic Analysis & Formulation, Strategy Implementation, Strategic Control & Evaluation, Corporate Governance, Business Ethics |
| MBA-IB-01 | International Business Environment | Elective (International Business) | 4 | Theories of International Business, Globalization & its Drivers, WTO & Regional Economic Groupings, Political & Legal Environment, Cultural Environment of IB |
| MBA-IB-02 | International Marketing | Elective (International Business) | 4 | Global Marketing Strategies, International Market Entry Modes, Global Product & Branding, International Pricing Strategies, Global Promotion & Distribution |
| MBA-IB-03 | Export Import Procedures & Documentation | Elective (International Business) | 4 | India''''s EXIM Policy, Export-Import Documentation, Customs Clearance Procedures, Incoterms & Shipping, Marine Insurance & Payment Terms |
| MBA-IB-04 | International Financial Management | Elective (International Business) | 4 | Foreign Exchange Market, Exchange Rate Risk Management, International Capital Budgeting, International Working Capital Management, International Taxation |
| MBA-STP | Summer Training Project | Project | 6 | Industry Problem Identification, Data Collection & Analysis, Report Writing & Formatting, Presentation Skills, Recommendation Development |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MBA-401 | Entrepreneurship Development | Core | 4 | The Entrepreneurial Process, Business Idea Generation, Business Plan Formulation, Funding for Start-ups, Small Business Management |
| MBA-IB-05 | Foreign Exchange Management | Elective (International Business) | 4 | Foreign Exchange Market Operations, Exchange Rate Forecasting, Currency Derivatives for Hedging, RBI Regulations on FOREX, International Parity Conditions |
| MBA-IB-06 | International Human Resource Management | Elective (International Business) | 4 | Global HR Strategies, Expatriate Management, Cross-Cultural Training, International Compensation & Benefits, Repatriation & Global Staffing |
| MBA-IB-07 | India''''s Foreign Trade | Elective (International Business) | 4 | Foreign Trade Policy of India, Balance of Payments, Export-Import Promotion Schemes, India''''s Major Trading Partners, Trade Agreements & Organizations |
| MBA-IB-08 | International Logistics & Supply Chain Management | Elective (International Business) | 4 | Global Supply Chain Design, International Transportation Modes, Warehousing & Inventory in Global SCM, Customs & Trade Facilitation, Logistics Performance Management |
| MBA-DIS | Dissertation/Project Work | Project | 8 | Research Problem Formulation, Literature Review, Methodology & Data Analysis, Thesis Writing & Presentation, Viva-Voce Examination |
