The Master of International Business (MIB or M.I.B.) is a

master's degree A master's degree (from Latin ) is an academic degree awarded by universities or colleges upon completion of a course of study demonstrating mastery or a high-order overview of a specific field of study or area of professional practice.

designed to develop the capabilities and resources of managers in the

global economy The world economy or global economy is the economy of all humans of the world, referring to the global economic system, which includes all economic activities which are conducted both within and between nations, including production, consumptio ...

. It is for those seeking to establish or accelerate a career in

international business International business refers to the trade of goods, services, technology, capital and/or knowledge across national borders and at a global or transnational scale. It involves cross-border transactions of goods and services between two or mor ...

. 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 Thunderbird School of Global Management at Arizona State University (or simply Thunderbird) is a global management school in Phoenix, Arizona. Founded in 1946 as an independent, private institution, it was acquired by Arizona State University ( ...

, 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

environment. It 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 Marketing is the process of exploring, creating, and delivering value to meet the needs of a target market in terms of goods and services; potentially including selection of a target audience; selection of certain attributes or themes to emph ...

finance Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of f ...

and

human resource management Humans (''Homo sapiens'') are the most abundant and widespread species of primate, characterized by bipedalism and exceptional cognitive skills due to a large and complex brain. This has enabled the development of advanced tools, culture ...

. Master in international business degrees also include classes that address topics such as imports and exports and intercultural communication. The degree may be thought of as an

MBA A Master of Business Administration (MBA; also Master's in Business Administration) is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as accounti ...

with a particular focus on

multinational corporations A multinational company (MNC), also referred to as a multinational enterprise (MNE), a transnational enterprise (TNE), a transnational corporation (TNC), an international corporation or a stateless corporation with subtle but contrasting senses, i ...

. Abbreviations for this qualification include ''MIntBus'', ''MBus (IntBus)'', or ''MIB'' Internationally accredite
"MIB course details"
Retrieved February 19, 2019.

Admission

Admission normally requires an

undergraduate degree An undergraduate degree (also called first degree or simply degree) is a colloquial term for an academic degree earned by a person who has completed undergraduate courses. In the United States, it is usually offered at an institution of higher e ...

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 The Graduate Management Admission Test (GMAT ( ())) is a computer adaptive test (CAT) intended to assess certain analytical, writing, quantitative, verbal, and reading skills in written English for use in admission to a graduate management ...

/ GRE score.

Course Structure

The course structure is modelled on that of the

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.

References

{{Academic degrees International Business, Master Business qualifications

Admission

Course Structure

See also

References