We’ve all had that dream sometime or the other – ourselves in the role of a hotshot executive flying from country to country to conduct business with international clients. As we grew up though, a lot of these innocent childhood dreams where we could be anything we wanted slowly got replaced by mundane reality.
Did you know that you still can realize your dreams? Some of the top MBA programs are your stairway to heaven. In this blog, we will talk about MBAs in general, and then dive deeper into one MBA specialization that is all but guaranteed to drive your career to global heights. Sounds too good to be true? Read on to know more about this MBA program.
An MBA or Master of Business Administration is a postgraduate course that teaches and familiarises students with the mindset and knowledge needed to run a successful business. This course offers many specializations too, which one can opt for to get into top positions in global behemoths like Apple, Amazon, Facebook, Google, Microsoft, Samsung, and many others. Let us take a quick look at the highlights of an MBA course now.
|Course Name||MBA (Master of Business Administration)|
|Types||Full-Time, Part-Time, Distance, Online, Executive, Global, and Integrated|
|Duration||1 to 2+ years|
|Course Fee||INR 2 – 27 lakhs and above|
|Eligibility||Graduation + Entrance Examination|
|Entrance Exams||CAT, MAT, XAT, CMAT, GMAT, UBSAT, GATE, NMAT, etc|
|Specialisations||Sales, Operations, Finance, International Business, Human Resources, Digital Marketing, Business Analytics, etc|
|Average Salary||INR 5 – 25 LPA|
|Top Recruiters||Morgan Stanley, Boston Consulting Group, Citibank, Amazon, JP Morgan Chase, Google, Netflix, Adobe, Facebook, PwC, Deloitte, etc|
What are Global MBAs?
Global MBA programs are just like their non-global MBA variants, in terms of both subjects offered/taught, or eligibility criteria. How they differ though, is that they offer the student to study for a semester or two in a foreign university, allowing them the opportunity to live in that country. The option to study in a foreign university is often through an elective subject. This is a two-pronged approach to reaping the benefits of a global economy – as you will be able to build a global network and increase the number of international business opportunities that will come your way.
While the International Business specialization is the most common one offering a Global MBA option, there are other dual-country MBA specializations that offer benefits to being familiar with the business dynamics in multiple economies.
International Business MBA Programs
Global MBAs, especially in International Business or Management, actively encourage students to study in foreign countries to build up their understanding of the global economy. These courses combine foundational MBA modules like Management, Human Resources, Finance, Accounting, etc, with classes focused on international business concerns. Many MBA programs, like the one offered by Universal Business School in collaboration with the University of Salamanca, also require and offer language courses to prepare students to truly push their boundaries in a global context.
MBA in International Business Subjects
Let us now take a look at some of the common subjects that are taught in International Business MBAs across universities and colleges, globally.
|General Management||Operation Research for Business Decision|
|Marketing Management||Accounting for Managers|
|Entrepreneurship and New Venture Planning||Legal Framework of Business|
|Corporate Finance||Corporate Governance and Social Responsibility of Business|
|Economics for Managers||Business Statistics and Research Methodology|
|International Trade and Policy Framework||Internet Security and Cyber Laws|
|International Financial System||International Marketing|
|International Business Environment||Global Strategic Management|
|Service Marketing and Customer Relationship Management||International Supply Chain Management & Logistics|
|International Marketing Research||International Financial Management|
|International Trade Practices, Procedures, and Documentation||Cross-Cultural Consumer and Industrial Buyer Behavior|
|International Human Resource Management||Foreign Language for Business – 1|
|International Advertising and Brand Management||Training Report|
|Foreign Language for Business – 2||Project Report|
MBA in International Business Colleges
Let us now look at a few colleges that offer global opportunities through the MBA in International Management programs they provide.
|Host Business School||Partner Universities for International MBA|
|London Business School||Indian School of Business, the National University of Singapore, IE Business School (Spain), SDA Bocconi School of Management (Italy)|
|HEC Paris||London Business School, IE Business School, Yale School of Management, University of New South Wales|
|UBS Mumbai||Cardiff School of Management, IIM Indore, University of Salamanca, University of San Miguel|
|INSEAD-Wharton Alliance||INSEAD (France, Singapore) and Wharton (Philadelphia, San Francisco, and Beijing) campuses|
Scope of MBA in International Business
With the help of International Business MBA programs, many graduates from these global B schools have found successful careers and job satisfaction by being able to travel for work. With a diverse range of subjects and projects and internships, these MBA programs offer a chance to experience in person what a career defying geographical boundaries might look like.
Top Job Roles
Let us look at some of the top job roles that you can get with a global MBA in International Business, according to the US Bureau of Labor And Statistics (BLS).
|Business Development Managers||Analyze industry trends to increase prospective clients and sales.||$72,049 PA|
|Supply Chain Manager||Manage end-to-end supply chain concerns of a business, from sourcing to delivery.||$86,443 PA|
|Finance Manager||Supervise and plan all financial operations of a company.||$97,858 PA|
|Global Project Manager||Supervise and coordinate various departments and teams on projects of a global scale.||$99,405 PA|
|Risk Manager||Help businesses mitigate risk and advise them on strategies to do the same.||$116,502 PA|
The demand for MBAs in global companies is high with four in five companies projecting MBA hires every year. Some of the top MBA programs can fulfil your dream of travelling to different counties for work too, like global MBAs in International Business. This program is a surefire way to work in top management positions in some of the behemoths that span multiple continents.
- What are Integrated MBAs?
Integrated MBAs are 5-year courses that combine undergraduate and postgraduate degrees of BBA and MBA into one program.
- Are online MBA programs as good as full-time MBAs?
Yes. Not all people can attend regular classes, especially those who are already working and/or raising families and for them, online MBAs offer equal opportunities as those who have more time to pursue full-time MBAs.
- Can I choose not to go outside of my country for a Global MBA?
Yes. In some Global MBA programs offered by B schools like UBS, there might be a partner university within your country where you can choose to study, instead of going to another partner university in another country. However, it is our opinion that you’ll miss out on a lot of practical experience in adjusting to a foreign economy and business environment.
- What is the duration of the global MBA courses offered by UBS?
The duration of the global MBA courses offered by UBS is 1 year.