What is an MBA in Global Management?
MBA in global management is a two-year degree that prepares students to take over high-ranking positions in international businesses. Students learn how to make critical decisions when expanding businesses internationally. MBA in global management also teaches students valuable skills like:
- International financing
- International law
- Global marketing
- Diplomatic strategy
- Ethnic relations
Students will get numerous opportunities to study abroad and gain hands-on business experience during the course. Graduates of the program will qualify for roles in leadership and management positions. Companies often look to graduates with advanced education to help them expand into newer markets. Students will also have the knowledge and exposure to make critical business decisions on the global stage, as they will better understand the business’s global operations and strategies. The cost of the program varies from institution to institution.
Why Do An MBA in Global Management?
A Master in Business Administration (MBA) is the prerequisite to landing a management or leadership position. However, in the corporate world, competition is fierce. Employers want candidates with a specialty that helps them take on the challenge from day 1.
There are multiple benefits to getting an MBA in global management. Having a network of alumni, landing your dream job, and a wealth of employment opportunities are 3 Advantages to Earning An MBA Global Management Degree, among many others.
Network of Alumni
Global management programs have students from all over the world. They each bring their culture and perspective to the conversation, which helps build relationships. Also, you will be able to gain insights into various opportunities you would not know otherwise.
Land Your Dream Job
Do you want to hold the reigns to a multi-billion dollar company? Well, with an MBA in global management, you can. Graduates of the global management programs can climb as high as they want. There’s no limit to the growth you can achieve.
A wealth of Employment Opportunities
MBA schools have partners and a vast network of alumni that provides a diverse wealth of employment opportunities to their students.
If you are an analytical thinker skilled with creative problem-solving skills for business problems, this role is for you. Your primary responsibility will be to improve your client’s finances and efficiency. You will spend most of your time researching projects to develop an adequate understanding of them and looking for solutions to problems. You will report your findings to the company’s management to help them make informed business decisions. To do so, you will be working with the staff, IT department, company management, and customers. There are also skills and qualities that business analysts must have to succeed in the role:
- excellent communication
- outstanding interpersonal
- time management
- exceptional organizational
- creative problem-solving
- commercial awareness
- management skills
- understanding of computer systems
- knowledge of project management techniques
Business Analysts can work in many sectors such as:
- Oil & Gas
- Health care
- Management consulting
- Software services
Salary of Business Analysts
At the start of their career, business analysts make an average of $50k. After working in the role for a few years, they can make an average of $70k. Highly experienced business analysts can make an average of over $90k.
Financial Analysts are responsible for studying the current market conditions in combination with company fundaments to recommend a course of action like buying, selling, holding a company’s stock. Financial analysts do more than just guide a company’s investment decisions in the market. They also look at a company’s data to determine the effectiveness of its marketing techniques. There are also skills and qualities that financial analysts must have to succeed in the role:
- exceptional analytical skills
- expert in financial modeling
- excellent presentation skills
- strategic thinking
- experienced with ERP and related software
- outstanding time management
- excellent understanding of the federal law: Sarbanes-Oxley
- work long hours if required
Salary of Financial Analysts
At the start of their career, financial analysts make an average of $50k. After working in the role for a few years, they can make an average of over $60k. Highly experienced financial analysts can make an average of over $80k.
In this role, you will work directly with project managers to draft a budget for a company. You will oversee a company’s spending to ensure it stays within budget. In addition, you will:
- find alternative funding sources using a cost-benefit approach
- review financial requests
You will report your findings and recommendations to company management. There are also qualities and skills that budget analysts must have to succeed in the role:
- strong analytical skills
- excellent communication skills
- attention to details
- excellent with math
- exceptional written skills
Salary of Budget Analysts
At the start of their career, budget analysts make an average of over $45k. After working in the role for a few years, they can make an average of over $70k. Highly experienced budget analysts can make an average of over $100k.
Management consultants work directly with managers and look for ways to increase a company’s efficiency, cost-effectiveness, and revenue. They help a company remain competitive with its competitors. Depending on the projects, management consultants may work as individuals or as part of a team of consultants specializing in various areas. Their primary responsibilities include:
- identify problems needing solving
- research solutions to problems and make recommendations to managers about better practices
- conduct employee interviews and visit worksites to determine what is needed
- analyze financial, revenue, expenses, and employment reports
- Stay in contact with the managers to make sure the solutions provided are working
Management consultants are often specialists in areas like managing inventories or improving cost-effectiveness. They also specialize in the industry they work in. For example, a management consultant working in the healthcare industry will be a health care industry specialist. Meanwhile, management consultants working with the government will specialize in their agency’s operations. There are also skills and qualities management consultants must have to succeed in the role:
- team player since they will be working with people
- creative problem-solving skills
- ability to cope with the pressure as their job will be high-pressure most of the time
- time management
Salary of Management Consultants
At the start of their career, management consultants make an average of over $45k. After working in the role for a few years, they can make an average of over $65k. Highly experienced management consultants can make an average of over $100k.
MBA in global management is one of the best degrees you can pursue. It will challenge you, but it is by no means impossible to complete. After graduating from an MBA in global management program, you will be able to land lucrative roles like business analysts, financial analysts, budget analysts, and management consultants, among many others. So why second guess? Go for it!