Many business schools throughout the world now offer the opportunity to study a ‘Global MBA’, and many more are keen to publicize their self-proclaimed global nature as an international business school.
What makes a ‘Global MBA’ truly global then, and how this compares to an MBA that isn’t billed as being global, are important questions to those hoping to enroll at a genuinely international business school.
The rate at which the world is getting smaller is increasing. Not only thanks to improvements in international travel, but technology now means that markets in one region know more about what a company does in another region than ever before.
Although not all companies can please all markets all the time, those markets are nevertheless becoming more closely linked, and this means businesses need to be able to make use of the opportunities international markets present.
Language, culture, traditions, government and legal structures, and politics each impact the execution of cross-border business to varying degrees, and so gaining a deeper understanding of the country or region in which one works is becoming ever more important.
The rise of the ‘global MBA’ is a good reflection of this fact.
What is a global MBA?
“While there is no single factor that defines an MBA program as ‘global’, there are some characteristics to consider in evaluating the global nature of a school,” says Peter Zemsky, deputy dean of degree programs and curriculum at INSEAD, a business school with campuses in France, Singapore, and Abu Dhabi.
These factors include: “the diversity of the students and faculty, and the international orientation of the curriculum as well as the course material, employment and recruitment opportunities for graduates, breadth and reach of the alumni network, and multiple locations of the business school itself, or through its partner programs.”
Michael Lu, spokesperson for Hult International Business School, which has campus presences in the US, UK, China, Dubai and Brazil, adds that the term ‘global’ may be overused in business school marketing literature, but that a truly global MBA needs to offer students a good deal of international business experience.
“[Hult has] seven campuses around the world, faculty from 90 plus nationalities, students from 135 plus nationalities and 59% of students working in a different country to the one they started their studies in,” says Lu, adding that this leads the school to believe that it is providing students one of the most, “diverse educational environments on the planet.”
“It is widely accepted that practical knowledge of business practices, cultures and market dynamics around the world are fundamental to being successful in business nowadays.”
Both INSEAD and Hult add that this level of internationality in students and faculty is not often seen in traditional ‘local’ MBAs, and Zemsky says that there are a few key differences between an MBA that is marketed as a global MBA compared with that which is not.
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