Master of International Business
The Master of International Business (MIB or M.I.B.), is a master's degree designed to develop the capabilities and resources of managers in the global economy. It is for those seeking to establish or accelerate a career in international business.
The origins of this type of program go back to the creation in 1946 of the American Institute of Foreign Trade, known today as Thunderbird School of Global Management, in Glendale, Arizona. Thunderbird's program was referred to as a Master of International Management until 2000, when it adopted the MBA in Global Management denomination. The structure of the program combined international business, international political economy, and learning of languages and world cultures. Other similar programs are now offered by a range of business schools under a variety of denominations.
Emphasizing the practical application of specialized knowledge, the program equips management with skills tailored to the international business environment.
The Master in International Business focuses on strategic planning for international operations and provides an in-depth understanding of the organizational capabilities required for international operations, including specialized functions such as international marketing, finance and human resource management. Master in international business degrees also include classes that address topics such as imports and exports and intercultural communication.
Admission normally requires an undergraduate degree in any discipline, the equivalent of two years full-time work in a role that has an international focus, a personal statement and a successful GMAT/GRE score.
The course structure is modelled on that of the MBA program.
The course is normally offered as a 16 subject program that would take two years of full-time study or four years of part-time study to complete.
Students who meet certain prerequisites may be able to undertake the degree as a 12 subject program. In this case, there would be an expectation of completion within 18 months if studying full-time or three years if studying part-time.
Macquarie University,Australia offers the Master of International Business program to be completed in 2 year.
- "International Business MBA and Masters Degree Programs". Thunderbird School of Global Management. Retrieved 12 June 2013.
- "Statutes and Regulations: Regulation 5.4.R1 - Economics and Commerce: The University of Melbourne" Archived 2009-04-01 at the Wayback Machine, The University of Melbourne. Retrieved March 19, 2009.
- "QUT Approved Award Abbreviations", http://cms.qut.edu.au/__data/assets/pdf_file/0004/24862/postnominal-abbreviations.pdf, Queensland University of Technology. Retrieved February 2, 2014