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Over the last few decades, globalization and technology integration have brought internationalization as an obvious implication for higher education. While “globalization is beyond our control, for internationalization, we have choices”(Altbach & Knight, 2007, p. 291). Internationalization of higher education (HE) has become a key consideration for higher education management, academic leadership and policy makers. Internationalization of business schools as “the process of integrating an international, intercultural or global dimension into the purpose, functions or delivery”(Knight, 2003, p. 2) is also an expectation of accelerating international business communities.“Internationalization of higher education” and business schools are “becoming important, complex and confusing”(Knight, 2004). Today’s HEIs particularly business schools have internationalization embedded in their policies and practices in some form or the other.