Global MBA

Before we move to understand what is Global MBA; lets first understand what is MBA &
why is it important. The Master of Business Administration (MBA or M.B.A.) degree
originated in the United States in the early 20th century when the country industrialized and
companies sought scientific approaches to management. The core courses in an MBA
program cover various areas of business such as accounting, applied statistics, business
communication, business ethics, business law, finance, managerial
economics, management, entrepreneurship, marketing and operations in a manner most
relevant to management analysis and strategy.

MBA Education is an important decision and one that requires considerable thought.
Traditionally, MBA was an option considered only after a few years of work experience, with
one of the many tony Business Schools in India. In India, however, many freshers opt for
MBA right after their graduation and write Management entrance exams in their final year
of graduation itself. An MBA education is for life and the aim of every aspirant is to get into
an IIM or a top MBA college which are considered the holy grail of management education.
According to Wikipedia, The Master of Business Administration (MBA or M.B.A.) degree
originated in the United States in the early 20th century when the country industrialized and
companies sought scientific approaches to management. The core courses in an MBA
program cover various areas of business such as accounting, applied statistics, business
communication, business ethics, business law, finance, managerial economics,
management, entrepreneurship, marketing and operations in a manner most relevant to
management analysis and
strategy.

A Master of Business Administration, or MBA,

enhances the skills of aspiring managers and
business professionals. In the early 20s, as the
nation was becoming increasingly industrialized,
companies needed professionals with strong
management skills to lead administrative
operations and corporate initiatives in the
workforce. In 1908, Harvard University offered
world’s first MBA degree, approached the concept
of management from a scientific point of view; the degree identified a uniform set of skills to
systematize the training for business administrators in any industry or field.

As business raises the bar for success, the B-school question is common for ambitious
working professionals.

“Earning an MBA degree is hard work but the rewards are worth the effort”

Advantages of Global MBA

1. Future leaders and managers to create an international mindset.

 2. Exposure of realities of global politics, economy, legal and culture.
3. Opportunity to live and work across diverse cultures
4. Build a Global network
5. With a new mindset gain fresh ideas
6. Gain a competitive edge
7. Career Development
8. International business cultural knowledge
9. Enhancement of communication skills
10. Advance your Career
11. Earn more
12. Gain support of an employer
13. Start your own business
14. Develop your business insight
15. Lead in a developing field
16. Grow your web of network
17. Enjoy greater job security

However, with the birth of Globalisation, the branches of MBA as also evolved.
Internationalization of MBA programmes has become a key goal for Indian B-Schools.
Internationalization of MBA programme is the process of combining intercultural,
international and global dimension into research, teaching, and service of institutions. It is
done in order to enhance the quality of research, education and international exposure for
each student. With today’s managers required to possess skills to perform effectively across
different markets, managerial education is going through a pattern shift both in terms of
approach and ideology across the world.

Currently, a majority of B-Schools offer Global MBA programme that has a semester or
minimum 18-20 weeks abroad. For instance, MYRA School of Business Mysore offers Global
MBA programme in the twinning (1+1) format where Global MBA students spend their first
year with MYRA at their Mysore campus and then move to Dalhousie University in Canada for
their second year. According to Dr. Shalini Urs, Executive Director, Founder, and Chairperson,
MYRA School of Business, “By enrolling in a Semester Abroad programme, you’ll have the
chance to see a side of your major that you might not have explored at home. You’ll find
yourself completely immersing in the education system of your host country is a great way to
really experience and understand the people, its traditions, and its culture. Education is the
centrepiece of any Semester Abroad trip—and choosing the right school is a very important
factor”.

As a business professional, one of the essential requirements of a job is to network with

people. You never know which connection gets you more work. It is the best deal to make
life-long friends and extend these partnerships beyond the classroom within the international
ecosystem. Some of them may even head some top-notch organizations later in life.

What does Global MBA offer?

MBA with its international touch prepares future leaders and managers to create an
international mindset so as to enable them to cherish global political, economic, legal and
cultural realities to live and work across diverse cultures. For example, Management
Development Institute (MDI) Gurgaon offers Post Graduate Programme in International
Management (PGP-IM) in which the first phase of the programme is delivered at the MDI
campus in Gurugram and the second is completed in ESCP Europe at the Paris, Berlin, Madrid,
London, Warsaw, and Torino campuses.

The semester abroad covers aspects like Business Game, Team Building, Leading Teams and
Organizations, Entrepreneurship, Creativity & Innovation, Ethics and CSR, Marketing and
Business Analytics in a cross-cultural environment.

Eligibility: Applicants must have a minimum of two years’ work experience and a previous
four-year degree with a non-business educational background.

What Next?

According to the placement r (SP Jain Global) Global MBA programme of 2017 batch, the
average salary had increased by 14 percent as compared to last year, which was Rs. 16.52
lakh per annum and this year, the average salary of the batch are Rs. 22.52 lakh per annum.

According to the placement report, the top recruiter's list included Indian multinationals such
as Tech Mahindra and Tata Trent along with global companies (specifically in Southeast Asia,
Europe, and the Middle East) such as Societe Generale, TESCO, Hewlett Packard, Cummins,
Salesforce, Henkel, JDA and Xchanging. The Consulting, IT and Logistics sectors were the
biggest recruiters this season. The highest salary package offered was Rs. 48 lakh per annum.
“At SP Jain, we believe that our success is measured by the impact of our graduates in the
business world. Our alumni are leading cross-cultural teams, growing family businesses,
developing digital initiatives, incubating new ideas, working with local governments,
participating in community initiatives, consulting at Fortune 500 companies and traveling
across the globe. They have done extremely well in the global workplace and that is why
companies believe in our model, sums up Dr. Indu Niranjan, Dean, SP Jain’s Postgraduate
Programs.

With only around 4,200 seats in all IIMs combined,

the competition is intense and the pressure high. Still,
there are many other institutes which offer top class
management education in India. One has to be
careful though in choosing the right college because
it is a huge investment both in terms of time (2
precious years of early career) and money (Top
Business Schools fees range between Rs 10 – 20
lakhs).

Some of the pointers one has to look out for during selecting the right MBA schools in India
are –

• Academic Strength– Faculty profile, Research and Innovation measures as the

industry values a strong foundation in academics. MBA is not just a ‘skills course’!
 • Alumni Network– Well-placed Alumni reflect the status of the institute, and beyond
campus placements, it is the alumni who can help foster and mentor your career
• Corporate Interface– It’s about simulated experiences, schools need to participate in
corporate competitions and have a corporate presence on campus with lectures and
seminars.
• Placement History– This needs to show a clear growth trajectory (especially in
placement packages). A good indicator would also be the lowest average salaries of
last 100 students as well as the profiles and sectors offered.

Curriculum

Currently, a majority of B-Schools offer Global MBA programme that has a semester or
minimum 18-20 weeks abroad. According to the placement report, the top recruiter’s list
included Indian multinationals such as Tech Mahindra and Tata Trent along with global
companies (specifically in Southeast Asia, Europe, and the Middle East) such as Societe
Generale, TESCO, Hewlett Packard, Cummins, Salesforce, Henkel, JDA and Xchanging. The
Consulting, IT and Logistics sectors were the biggest recruiters this season. The highest salary
package offered was Rs. 48 lakh per annum. “At SP Jain, we believe that our success is
measured by the impact of our graduates in the business world. Our alumni are leading cross-
cultural teams, growing family businesses, developing digital initiatives, incubating new ideas,
working with local governments, participating in community initiatives, consulting at Fortune
500 companies and traveling across the globe. They have done extremely well in the global
workplace and that is why companies believe in our model, sums up Dr. Indu Niranjan, Dean,
SP Jain’s Postgraduate Programs.

With only around 4,200 seats in all IIMs combined, the competition is intense and the
pressure high. Still, there are many other institutes which offer top class management
education in India. One has to be careful though in choosing the right college because it is a
huge investment both in terms of time (2 precious years of early career) and money (Top
Business Schools fees range between Rs 10 – 20 lakhs).

Top Colleges in Mumbai with International

Exposure

MBA admissions officers look for candidates with

international experience because it shows that
they have international exposure and are capable
of thinking from a global perspective. An MBA
program made up of students with different international experiences also make for a
better and more diverse classroom experience. Read on to learn how to showcase your
international experience on your MBA application, as well as how to gain more international
experience. Get all information related to admissions, fees, courses, placements, reviews &
more on MBA/PGDM in International Business colleges in India to help you decide which
college you should be targeting for MBA/PGDM in International Business admissions in
India. While international experience is not a requirement for admission into the top MBA
programs, it will definitely help your application. Know More.
 Top B-schools with a Different Curriculum
and Exposure

In years long past, MBA curricula were very similar

across different B-schools and universities, but with
the number of postgraduate business degrees
rising every year, schools have had to adapt their
programmes to meet the evolving needs of both
students and employers. In case of luxury, it is not easy to sell the product until it
completely matches the level of the consumer, which is why the main idea is to let the
consumer understand that there is no other brand that can match up to the expected
standard. That is where Luxury brand management sets in. It revolves around very high
brand awareness, how aggressively the brand is promoted or marketed. Starting from
product quality, to the location where the stores are located, how the client is being
treated, pricing of the product or the service, the brand ambassadors who are associated
with the brand etc, are the factors that are taken into consideration while making brand a
luxury and while promoting the same. Know More.

Top Scholarships offered by B-Schools

MBA education in India is expensive; especially

when it comes to top MBA colleges in India such as
IIMs, MDI Gurgaon or IBS Hyderabad. Even folks
who are financially well-off in India have to take
the support of educational loans in order to join
the MBA programmes offered by top B-schools of the country. But does this mean that MBA
is only meant for aspirants who are rich or can afford to take education loans? The simple
answer is NO! Despite the high fees, when it comes to MBA courses, India’s top B-schools
have adopted a very inclusive admission process that gives equal chance and opportunity to
MBA aspirants who face financial difficulties. India’s top MBA institutes offer several
scholarship opportunities to talented MBA aspirants to support them financially through
their journey through the MBA world. Know More.

Luxury Marketing: A career scope with SDA

Bocconi Asia Centre

In economics, a luxury good (or upmarket good) is

a good for which demand increases more than
proportionally as income rises, and is a contrast to
a "necessity good", where demand increases
proportionally less than income. Luxury goods are often used synonymously with superior
goods and Veblen goods. Luxury goods are said to have the high-income elasticity of
demand: as people become wealthier, they will buy more luxury goods. This also means,
however, that should there be a decline in income its demand will drop. Income elasticity of
demand is not constant with respect to income and may change sign at different levels of
income. That is to say, a luxury good may become a normal good or even an inferior good at
different income levels, e.g. a wealthy person stops buying increasing numbers of cars for
his or her automobile collection to start collecting airplanes (at such an income level, the
luxury car would become an inferior good). Know More.

Conclusion

There is not one strict definition that will describe or qualify an MBA program when the
term Global is used to describe an advanced degree program it typically has a diverse
student body and an international angle of course materials and curriculum. An
international university environment gives you a first-hand experience of meeting such a
diverse crowd who come from various nationalities, communities, and languages. You can
learn from them the how’s, whys and what of starting a business and being successful at it.
You’d know what may work and what wouldn’t in your kind of environment. B-schools
globally tend to nurture their alumni so as to have an extended network of their wards.
You’d have access to such a huge alumni network too who can always counsel, mentor and
even help you find a good job.

Until now, given a chance, every single student wishing to pursue their MBA from the likes
of Stanford’s and Harvard’s of the world will jump at the opportunity. With the growing
popularity of Global MBA, students have more options to choose from, and not limit
themselves to only the biggest names alone. So far, a foreign degree shines brightly on your
CV giving you an edge over other competitors at the workplace. Higher the ranking of the B-
school you graduated from, better chances of your dream company hiring you. Also, in a
good leadership role! You stand in moral stead to take over a role in senior management, as
that’s what a Global MBA degree trains you in. We’ve covered all aspects of Global MBA in
other articles. Read them as well, rather than getting confused with these reasons.