How an MBA helps Build a Global Career? : The need for and power of a globalized economy has been shown in the last year alone. Businesses and organizations worldwide are banding together to work on vital initiatives and support one another.
The most well-known MBA entrance test in India is the IIM-administered CAT exam, which is offered because MBA institutions choose applicants for admission based on their exam scores. These are held on a rotational basis each year at top-ranked management institutes in India, such as the Indian Institutes of Management (IIMs), Faculty of Management Studies (FMS), Jamnalal Bajaj Institute of Management Studies (JBIMS), Xavier School of Management (XLRI), and Institute of Management Technology (IMT), among others.
There are various reasons why you might decide to apply for an MBA or master’s programme. You could wish to further your knowledge or skills in a particular field, or you might want to expand your exposure abroad, meet people from different cultures, and start a job abroad.
Business schools offer many chances to assist begin your career if going worldwide is part of your aim. They include excursions abroad, job placements at multinational corporations, and networking functions.
The MBA has long been recognized as a prestigious degree that opens many doors in the corporate world. However, with a shift in global business culture, the field of knowledge also needs significant improvements. As a result, the business administration degree has been updated with added skills to assist students in preparing for a worldwide arena.
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The Global MBA online program includes aspects that will help you obtain a diversified view of the changing business world. This comprises an international commerce curriculum and a faculty composed of students worldwide. This creates an environment conducive to learning, networking, and growth.
There are several career options available with this certificate; here are a few of the more common:
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- Global management consultant – An international management consultant’s function is to assist a firm in effectively establishing operations in a foreign market. As businesses grow and look for more profitable shores, these professionals can help select the best options and carry out other critical processes. When it comes to establishing corporate activities in other markets, a global management consultant evaluates the current operations of a corporation and assists in cost management and an overall increase in productivity and efficiency.
- Business development manager – A business development manager’s responsibility is to set strategy-based targets for optimum profit. They should be able to grasp the organization’s requirements and provide their aims in a clear form. In this position, you will be expected to collaborate closely with the sales and marketing teams to align them with business requirements. You would also be expected to negotiate commercial deals and increase the company’s total income.
- Global supply chain manager – Businesses testing the waters need someone who can hunt for dependable providers in new marketplaces. This is the responsibility of a global supply chain manager, who can identify the optimal supply chain strategy for a particular market or product. As part of your position, you will collaborate with business advisors to identify vendor organizations that can supply you with a sufficient number of items at the appropriate time intervals.
- International trade specialist – An international trade expert handles various tasks, such as guiding federal and foreign legislation, tariffs, and other issues and collecting money for various import and export activities.
- Multinational marketing manager – Marketing is vital to every company’s practice and is even more critical in a worldwide market. As a global or international marketing manager, you must watch for trends in other markets and run effective advertising campaigns. As part of this job, you will also monitor and sustain the company product’s brand reputation.
- Human Resources Manager – Many businesses are experiencing difficulty attracting and retaining employees. Recent labour shortages have increased the demand for human resources specialists, whose tasks include recruiting and keeping a talented workforce. Many businesses are also becoming more conscious of the importance of diversity, equity, and inclusion and seek executives with experience in these areas.
Who is eligible to pursue a Global MBA?
People who want to pursue this degree should keep specific admission requirements in mind while applying for these programs, such as:
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- A high-scoring undergraduate degree;
- At least three years of relevant job experience is required.
- Proficiency in English:
- TOEFL: A minimum of 240 points on the computer-based test and 587 points on the paper-based exam are required.
- IELTS: A minimum score of 6.5 is required, with at least 6 in each component.
- A, B, or C on the Cambridge Proficiency Exam (CPE);
- A minimum score of 63 on the Pearson Test of English (PTE).
- GMAT requirements vary by situation. If a GMAT is needed, applicants must achieve at least 550 points.
FAQ How an MBA helps Build a Global Career?
Is an MBA a good idea?
Certainly. An MBA is an excellent course to pursue, especially if you pursue it full-time from a reputed b-school. An MBA helps you progress in your career by training you with important managerial skills which are crucial once you move up the corporate ladder. A lot of people see an MBA as a short-cut in the corporate world. However, there are certain advantages which MBA graduates have over all others. This includes managerial skills, business strategy acumen, analytical skills as well as the required communication skills. An MBA will also help one boost up their income and watch it rise exponentially over a period of 7-10 years.
Is it necessary to have work experience to do an MBA?
Most b-schools do not require work experience to admit MBA aspirants. Freshers may also be able to apply, provided they match the required academic criteria and have successfully cleared the required entrance exams, group discussions and personal interview rounds. However, certain global MBA programs and executive MBA programs prefer students with work experience. The same also applies if you are planning to pursue your MBA abroad from an international university. This is because these programs are different from the usual curriculum, and aim to help students to develop strategic capabilities which are required for an international career and senior leadership.