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Jagpreet
10 August, 2024
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Global MBA or Global Master of Business Administration is a type of MBA specialisation where the focus is laid on topics such as international business strategies, cross-cultural management, global economics, and business analytics for decision-making. It is a specialisation that is curated specially to train the students who wish to understand the global business landscape and work for the same. MBA, in general, is a very sought-after and versatile degree that prepares individuals with the skills that are necessary to effectively manage the multiple and diverse operations of a business.
The business market is constantly evolving. It needs to be studied and understood in order to prepare the individuals for the changing requirements of the consumer base and a degree like MBA or Global MBA is appropriately designed to do so. It gives them an in-depth understanding of international-level management practices and the fundamentals of a business. Someone who prepares for this market with a degree in Global MBA knows much better about the business landscape, given the wider scope it holds than a regular MBA.
There is also a much greater weightage given to individuals who hold this degree in the job market which also gives them a competitive edge over the others. There are several important factors that need to be taken into consideration such as consumer base and its preferences, the dynamic economic trends such as demand and supply, and the constantly evolving market.
While an MBA degree in itself is quite diverse and provides an individual with ample opportunities, it is important to understand how a Global MBA gives a better edge over the regular MBA and why one should choose a Global MBA degree over a regular MBA:
The business operations in India are different as opposed to the overseas landscape and market. There are more complexities involved and this is precisely what the Global MBA degree tackles with. It prepares individuals with the necessary skills and knowledge to figure out the challenges that may pose a threat and the opportunities that are presented in the marketplace to understand when is the right time to access them for the maximum benefit.
Also Read: The Top 6 Benefits of a Global MBA Degree
A global MBA is a degree that offers more opportunities for students to gain insight by being a part of global consulting projects, international internships and study tours. These are the vital experiences that add immense value to a student’s exposure to understanding the market and the opportunities. There are various cultures and practices that add to the knowledge, and skills of the students.
While a regular MBA does provide a plethora of networking opportunities to the students, many a time, students also get to build a diverse network with professionals who come from different schools of thought. This proves to be beneficial for their career prospect as well.
Here are the top skills that you acquire during your Global MBA journey:
Data Analysis
Data analysis is one of the most lucrative choices for MBA graduates. The job involves converting data such as sales figures, surveys and expenses into a format that is more convenient to understand, study and maintain for the business. It is a way to organise the data in a systematic way in order to retrieve and use it whenever required. This is essential for businesses to plan their product pricing and monitor their profits and losses.
This is one of the most essential skills a business relies on for getting an insight into the target consumer base, their choices, needs and wants. The dynamically evolving needs are particularly tracked to monitor the competition, product pricing and management of the other operations such as demand and supply economics.
This is a leadership-oriented skill that requires an individual to supervise a team to efficiently work together and complete the project. It is the work of planning, organising, and controlling the resources such as people, time and money throughout the project completion. This skill is more important when people with diverse skill sets come together in a team and need coordination to work with synchrony. Furthermore, having excellent project management skills helps global MBA graduates perform better tasks like delegation, performance tracking, project planning, team communication, and risk management.
Brand Storytelling
This skill is vital in communicating the brand’s values and story efficiently in order to build a strong and long-term relationship with its target audience.
Here are the differences between a Global MBA and a Regular MBA:
| Global MBA | Regular MBA |
| Those who wish to work overseas and gain an insight into global business patterns find this to be an appropriate course choice. | A regular MBA is more suitable for those who show interest in managerial roles, or leadership positions in the corporate sector jobs. |
| Students get to learn topics such as international business strategies, global economics, financial statement analysis and much more. | In a regular MBA, students get to study topics such as finance, marketing, supply chain management, data analytics and much more. |
| Students get to learn in detail about the business culture on a global level. One of the significant learnings includes how global leaders face and solve the challenges that pose a threat to their businesses. | Students get to explore the contemporary, modern-day issues that a business deals with. They also get to learn about business management principles in depth. |
Read: Distance MBA vs Regular MBA: Which one is better?
A global MBA degree is a more popularly recognised degree considering the opportunities it has to offer. It is not just a degree that covers the topics that concern the international business landscape but also focuses on networking opportunities that it has to offer. Several students might find this degree to be new to the trend, however, it is surely a very secure opportunity that has more to offer than a regular MBA.
All the Best!
Yes, a global MBA degree is valid in India. When it is pursued through a leading institution, the chances of acquiring a high-paying job also increase.
The eligibility criteria for a global MBA degree is that an individual needs a bachelor’s degree from a recognised university in any field with a minimum average of 50%. Additionally, one must take aptitude tests like the Graduate Management Admission Test (GMAT) or the Graduate Record Examinations (GRE) and a language proficiency test such as the International English Language Testing System (IELTS).
Yes, it is a very versatile opportunity for those who wish to explore the domestic as well as the international business landscape. It also enhances students network with people who come from different and diverse cultures and hold a strong experience.
Here are the top five recruiters who hire individuals after a global MBA degree:
McKinsey & Company
The Boston Consulting Group (BCG)
Bain & Company
Deloitte
Amazon
Here are the top five careerafter a global MBA degree:
Management Consulting
Investment Banking
Corporate Strategy
Entrepreneurship
Product Management
