Growth in MBA hiring has comfortably exceeded expectation with, in 2017, a 13% growth in demand globally, helping more people to take that often elusive next step in their careers.
The MBA and Executive MBA degrees are hugely attractive to both employers and employees and include a core curriculum of subjects useful for business and management. Topics covered include marketing, accounting, operations, and leadership skills — all useful for those pursuing a managerial career in industries ranging from the public sector and marketing to healthcare administration and human resources. A strong characteristic across Europe this year has been the growth of business education.
Combining theory with practical learning, an MBA can take your career to new heights. It’s also internationally recognised, so wherever you are in the world, an MBA gives you a professional edge that will help you to stand out in a saturated job market.
Here are just six more ways that getting an MBA will launch your international career.
Photo: QS event
1. You’ve lived abroad
MBA programmes are offered at top business schools around the world, so you can study in a country you’ve always dreamed of living in. It’s a chance to move somewhere new and discover a different culture, as well as take steps to advance your international career.
Many employers look for international experience on a CV — it shows that you are adaptable and have overcome challenges without your usual support network. This resourcefulness and resilience is seen as desirable for anyone who wants to work in a managerial position.
2. Study where you want to work
Studying for an MBA can be the first step to relocating somewhere you want to live and work in the long-run. It gives you the chance to get the lay of the land and spend some time in a country before taking the plunge and moving there for good. It also offers networking opportunities and opens up connections to local businesses that may be useful when you graduate.
If you want to stay in your current job and location though, then maybe a Part-Time, EMBA or Distance Learning programme could be the right fit for you.
3. Brush up on your English (or the local language)
Many MBAs are taught in English, so non-native speakers can improve their language skills and learn business terminology that will be useful post-MBA. English remains the number one language for business, so it’s critical to an international career.
You can also pick up another language if you move somewhere where the locals don’t speak English. Having one (or more) languages on your CV is always appealing to an employer, and with most MBAs running for 1-2 years there’s ample time to at least get the hang of the basics.
4. Grow your international network
Often you’ll be studying alongside other experienced professionals from different countries and industries — and they’re all there for the same reason as you: to advance their careers. Studying together is a great way to start forming your international network, and you’ll also benefit from a global range of perspectives throughout the course.
What’s more, the professors and faculty at the university will most likely be well-connected and happy to put in a good word for you with their contacts. Even if you choose to return to your home country after you graduate the network you build doing your international MBA will be invaluable and can generate many opportunities in the future.
5. Gain international experience
Doing an MBA in another country helps you to gain international experience that makes you more appealing to employers. It can also distinguish you throughout the application process, and give you the “international mindset” that employers often look for in an increasingly globalised world.
Many MBA programmes require that you complete an internship before graduating. This in itself can help you to build relationships within a company you may want to work for, potentially leading to a job opportunity once you’ve completed the programme.
Photo: QS event
6. There’s demand for graduates worldwide
The MBA market is continually buoyant, with opportunities increasing every year. The USA, India, and Brazil are currently the world’s biggest markets to hire MBA graduates, closely followed by Canada, Singapore, and China.
Furthermore, the GMAC ‘Corporate Recruiters Survey Report 2017’ found that 86 percent of the 959 international employers interviewed planned to hire recent MBA graduates in 2017, while 52 percent planned to raise their starting salaries.
Speaking of which, according to research by QS TOPMBA the highest salaries for MBA graduates can be found in Switzerland with an annual income of $140.900 (incl. bonus), followed by the US, Canada and France.
So, what’s stopping you? Take the first step towards your international career and head along to an event hosted by global higher education company and MBA specialists QS TopMBA.com in your city.
You’ll meet admission directors from top-ranked local and international business schools, such as such as London B-School, IMD, Bocconi, ESSEC, HEC Paris, ESCP Europe, WHU, ESMT Berlin, Frankfurt School, IE, IESE, Sauder, Mannheim, WU Wien, RSM, EPFL, SMU etc.. and as part of the networking session get to mingle with fellow professionals from different industries.
It can also be financially worthwhile to attend the events as only attendees qualify for the $7 Million scholarships offered by QS and partner schools.
All events are free to attend, but places are limited so make sure to reserve yours. Click the appropriate link below to register.
This article was produced by The Local Creative Studio and sponsored by QS.com