We can’t define an MBA as “global” due to a single factor only; some specific features help us figure out the global nature of a business school. These factors include the diversity of students and faculty, the difference in the curricula delivered, employment opportunities for graduates and more.
Students will benefit from the international nature of the courses, which all provide them with the necessary skills to start a globally-oriented career. The Global MBA aims to offer students the possibility to understand the globalized market place, thanks to experiential learning techniques.
Germany is one of the best places to study your master’s; currently, a master’s degree is in great demand among students, who are particularly interested in pursuing education in Germany, as opposed to other countries. Based on the students’ interest, most of the business schools in Germany offer a Global MBA degree as a major program.
Difference between Global MBA and MBA
When it comes to defining a Global MBA, it is possible to notice how different business schools use the word “global” in different ways.
Some refer to the international aspects of the program: students have the possibility of studying in more than one campus across the world; some others refer to the good mix of local and international students; then, there are also business schools using the word “global” to address the mix of courses on international business.
An MBA (Master of Business Administration) is a regular postgraduate degree with national-level courses. Professionals who want to know what it takes to operate in multiple countries often pursue MBA degrees. The types of jobs available if you hold a Global MBA vary considerably depending on the specializations chosen.
Most global MBA programs prepare students for management positions in multinational companies. These graduates are expected to lead their organizations in all areas of global business, such as marketing, financial management, logistics, and commercial regulation. Here are some career options for Global MBA graduates who cover these distinct business specialties.
Job/Career Options after a Global MBA
Global Management Consultant
Multinational Marketing Manager
International Trade Policy Advisor
Global Supply Chain Manager
*Average Pay and Higher Pay as advertised on payscale.com
1) Global Management Consultant
The Global MBA graduate who is interested in a global management consultant role will get to help companies improve their processes and operations in all areas of business. They can also work to improve the company’s financial and information technology services as well as their marketing performance.
Global management consultants can also assess the company culture in multinational business units and offer customized solutions to increase the productivity of a multicultural workforce. These consultants also find jobs in some government agencies and are hired to determine areas in which resources can be optimized and costs reduced.
Even in the age of advanced IT and communication tools, many successful management consultants often travel abroad. The average pay scale for a global management consultant is around €58,485 and the higher pay will be up to €99,000.
2) Multinational Marketing Manager
The role of a multinational marketing manager continues to be a highly desired job by many business school graduates. To keep growth opportunities constant, many companies have adjusted their business processes to work in a global context.
This means that more global marketers are needed to monitor international market trends, conduct effective advertising campaigns in these markets and maintain the brand’s reputation for the company’s products. They rely on selected economic principles and market research findings to develop pricing strategies for many products in a company’s portfolio. They may also supervise only one product in the portfolio.
The average salary for a multinational marketing manager is €49,000 and the higher pay will be up to €84,000.
3) International Trade Policy Advisor
Most economically developed countries have a group of business professionals specializing in import and export trade regulations. These sales consultants are available to guide small and medium-sized businesses throughout the process of selling their products overseas or importing foreign products to resell them to other markets.
International trade advisors help to export companies find business partners in the overseas markets of their choice and can represent their clients in most negotiations and transactions. The basic average salaries for International Trade Policy Advisor is €33,592 and the higher pay will be up to €38,000.
4) Global Supply Chain Manager
One of the most challenging facets of conducting business in multinational markets is the identification of supply chain strategies that work for selected markets and particular products.
Global supply chain leaders help identify reliable suppliers in foreign markets with the help of consultants or sales consultants. They are looking for supplier organizations that can flexibly deliver the right amount of goods at the right time to avoid cost overruns associated with excessive stockpiling and lost revenue from stock-outs. The average pay for global supply chain managers is €65,000 and the higher pay will be up to €71,000.