The word “Globalization” has created quite a buzz over the past few decades. After the world wars economy and trade has been an essential part of every global economy. Much of this trend was driven by technological innovation, increased demand for services and goods, enhanced communication, and cultural amalgamation. As businesses began focusing on developing a market in foreign lands, the need for global management practices grew.
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What is global management?
Global management can be described as a set of practices used for managing businesses internationally. These practices are related to hiring, finance, marketing, and sales polices of a business. As technology continues to elevate both cultural and corporate entities, the practice of global management is becoming more common.
Is this career for you?
If you want to start a career in the international business world, a global management degree may be the right choice for you. This major will provide you with insights into the global corporate environments. You can broaden your knowledge of the international business environment and prepare for a career as a global manager. Take a look at the following questions and find out if global management is something you may be interested in:
Do you enjoy business challenges and have the drive to lead global projects?
Are you fascinated and interested in global markets?
Are you open to new challenges, cultures, economies, and working environments?
Are you looking for a career that takes you out of your country?
Are you a good team player?
Global Management Programs
Global management is offered as a major at undergraduate and graduate level. A number of business schools are offering global management programs both on-campus and online. These programs are designed to prepare students for careers in the international business world.
Global management courses equip students with knowledge of different management practices and skills. The curriculum of the program may vary slightly from college to college and will also depend upon the program-level.
Masters in Global Management
This is a graduate level program intended for students preparing for management positions in multinational corporations. The coursework is advanced as compared to bachelor level global management programs.
In this program, students will acquire knowledge about business tools and principles used in global organizations. The program is designed to enable students to develop a strong foundation of knowledge and participate in practical application of management theories.
During the initial semesters of the program, emphasis will be laid on fundamental concept development. Further in the program, students will learn advanced skill development and research applications. The main purpose of the program is to provide students with an overview of global finance, global value-chain management, and international trade.
Although the curriculum may vary from college to college, the following courses are generally included in Masters in Global Management.
Globalization and the world economy - This course is designed to provide students with knowledge of modern international business. Students will learn how businesses operate at a regional, international, and national level. The course will highlight the increasing importance of globalization, its effects, and concepts.
Cross cultural management - This course will teach students about principles related to management in different cultures and work settings. Students will examine different cases and will learn how culture directly influences traditional management policies and practices.
International trade and investment - In this course, students will examine the growth and development of foreign trade and investment. The following topics are covered in this course: trade theory, international investment, and investment issues.
Global media and advertising - In this course, students will gain in-depth knowledge of advertising and media industries in the international corporate world. The following topics are covered in detail: advertising opportunities and costs, digital media and convergence, campaign strategy, and global events.
Corporate sustainability - Students enrolled in this course will learn about corporate sustainability. Some of the topics include: leadership in sustainability, cultural change, political interest groups, and strategy development.
Thesis and research work
Many schools include research work and thesis development in their curriculums. Students are required to complete a research thesis on a topic of their choice. This portion helps in the analytical application of concepts. Students learn how to conduct research by using different quantitative and qualitative methods.
Learn how to define business problems and recommend plans for rectification
Apply global management practices
Understand the impact of cultures on businesses
Develop a strong understanding of globalization and its origins
Develop plans to address global business challenges
How long does it take to complete a master in global management degree?
It takes approximately two years to complete a master’s degree in global management. Students can also go for an accelerated masters program that can be completed in less than two years. It is advised that you get in touch with your school to find out what the exact duration of the program is.
Going to college can be difficult, especially if you are working full-time. To make it easy for adult students, schools are now offering distance education programs. You can complete an online global management degree. Here are some of the benefits of studying online:
Relatively less expensive
Individualized attention from instructors
More room for discussions via forums
Global Management Certificate
This is a non-degree program designed to provide students with an overview of the international business structures and processes. The program can be completed in a short duration and is suitable for individuals looking for extra credentials to improve their resume. Here are some of the topics covered in the program:
Cross cultural management
Global business strategy
Students planning to enroll in a master’s program will be required to:
Submit an official academic transcript of a completed bachelor degree
Meet a minimum CGPA requirement of 2.0 (varies from college to college)
Submit letters of recommendation
The exact admission criteria will depend on the school.
With a graduate degree in global management, you can explore a variety of careers in international organizations. Depending on your specialization, you may qualify for positions in international finance, marketing, human resource, or supply chain. The income level will also depend upon the job and the employer.