The business industry is dynamic and is only growing rapidly over the past many years. This means that professionals and entrepreneurs now require more knowledge about the latest technologies and modern strategies to continue to grow.
Any field requires knowledge and expertise to initiate one’s career in it. And to get into managing businesses, an MBA is required. With time, even the courses have evolved. Similarly, MBA has also evolved with time.
There are many factors students need to take into consideration while choosing a career, and they select MBA, as it offers a good ROI, offers you good career growth, and is affordable. There are many branches of MBA that you can go for. These branches are as follows:
- MBA in marketing
- MBA in global management
- MBA in entrepreneurship
- MBA in general management
- MBA in engineering management
- MBA in technology management
- MBA in operations management
- MBA in management information systems
- MBA in consulting
- MBA in finance
All of the above-mentioned branches of MBA help you to ace the world of business. However, a lot of students get confused because of the wide variety in MBA. One of the best branches of MBA is the Global MBA. It helps you develop skills to cope with the dynamic business industry. If you are thinking about how it is different from the regular MBA, you are on the right blog!
Before you go reading about the difference between a global and a regular MBA, it is important to know about the two courses.
Table of Contents
What Is A Global MBA?
A global/international MBA is pursued by experienced people who want to grow in the business industry. This branch of MBA has a primary focus on making such individuals future global business leaders. It also focuses on developing skills necessary to ace their field. The course prepares individuals for the unforeseen challenges in the dynamic global business industry and equips them with tools that are necessary to overcome any obstacle.
Initially, you can find an MBA in Global Management similar to other branches. This is because the base of all the branches of MBA are the same. It is only when you choose a specialization, you notice the difference. The common courses you will initially find in MBA are as follows:
- Strategic Thinking
- Financial Accounting
- Human Resources
- Project Management/Team Lead
- Marketing Management
- Logistics/Operations Management
- Management Microeconomics
- Managerial Accounting
- Data Analytics
- Managerial Finance
If you are thinking that an MBA in International Management is the same as others when it comes to pursuing it, the case is not so. Pursuing a global/international MBA also offers to study at various destinations abroad. It also offers you the opportunity to work in the country of your choice.
Advantages And Disadvantages
Let us discuss the advantages and disadvantages of pursuing a Global/International MBA
Advantages:
- Connect And Grow
Pursuing an MBA in Global Management helps you grow your connections across the world. Many business schools offer to study this program in various regions and connect with more people. This helps you grow professionally and personally, while you get to know people from different religions and backgrounds.
- Develop Skills At A Fast Pace
An MBA in International Management helps develop skills that help you grow at a faster pace in the business world. And that is why working professionals value this program so much. It opens the door to a lot of opportunities including entrepreneurship or getting the designation you desire in your choice of organization.
- Entrepreneurship Opportunity
International MBA is a balance of theory and practical. However, you will find it more practical, which will give you the opportunity to work on your entrepreneurial projects to develop your business and management skills. What’s better than practicing what you want to achieve and getting feedback from the best people in the business industry?
Disadvantages:
- Cost
Pursuing a global/international MBA may prove to be a costly affair. This is because of the amount of money you need to spend when studying in different parts of the world.
- Adapting To A New Lifestyle
If you are somebody who doesn’t like changes, pursuing a global MBA may be a tough choice for you. When you go to different regions to study, you have to adapt to the lifestyle there, which is not an easy task.
What Is A Regular MBA?
A regular MBA is for students who don’t specifically aim to go abroad. This type of MBA provides you with a generalized knowledge of the business world and helps develop necessary skills required to grow in the field.
This type of MBA mainly focuses on developing critical thinking, leadership, and communication skills. Like other branches of MBA, a regular MBA also offers you specialization courses, but they may not totally focus on one course.
A regular MBA is flexible when it comes to changing career options. It provides you with a solid base, so if you ever want to shift to human resources or marketing or any other branch of MBA, you can do so after a regular MBA.
Advantages And Disadvantages
Now let us discuss the advantages and disadvantages of pursuing Regular MBA
Advantages:
- Flexibility
The course gives you the choice to change your career preferences as and when you want; this is because it focuses on all subjects and develops general management skills. You can always choose to shift to marketing or human resources or any branch of MBA.
- Knowledge Of Key Domains
A regular MBA gives you the knowledge of key areas of the management field. This knowledge acts as a base to any career field you opt for.
- Develops Necessary Skills
A regular MBA focuses on developing necessary management skills for the student. This helps the student to flexibly manage tasks and come up with generic solutions.
Disadvantages:
- No Specialization
If you want to specialize in a branch of MBA, like finance, Human resource, etc., a regular MBA won’t be able to do so. Although it offers specialization courses, it really doesn’t focus on one like other branches do.
- Value
Since many specialized branches of MBA have emerged, the value of a regular MBA has gone down. If you want to get a good job and salary package with this course, you would need to pursue it from a reputed university.
Difference Between A Global MBA And A Regular MBA
Here are the key differences between the two branches of MBA:
- A global MBA offers you specialization in international management, while a regular MBA will not provide you specialization in any aspect of management.
- The chances of getting a job in any part of the world are more in case of a global MBA. A regular MBA only provides you with a solid base for taking up management roles.
- A global MBA will cost you more than a regular MBA; however, a global MBA will yield you more money as it offers you great jobs.
There are many business schools offering both global MBA and regular MBA; however, choosing the best one is important. You can opt for UBS which offers you the best faculty and syllabus and focuses on developing skills that help you cope with the changes in the business industry.
Also Read: UBS prepares students for the global business world
Conclusion
The business industry is growing at a fast pace, and so is the demand for management professionals. With this, the most trusted course, MBA has also evolved and now has various specialization branches that students can opt for.
While there are a lot of branches of MBA, global MBA has emerged as a popular course among students. However, it still competes with the regular MBA. There are many advantages and disadvantages of both the courses, but you should choose the one that suits your needs.
