Global business managers must understand business policies in multiple countries in order to ensure that multinational corporations run efficiently (and legally). This article lists some of the best degrees, as well as some necessary skills and experience, to prepare a professional for global business management.
A global business manager is often the force behind a multinational organization, as they are able to promote business across borders while recognizing advantages and limitations of cultural differences. A global business manager is typically expected to have specialized training in a particular international business or political area in order to benefit the ensemble of executives which operate a large corporation.
|Required Education||Bachelor's degree; MBA recommended|
|Other Requirements||Excellent networking skills|
|Projected Job Growth (2014-2024)||6% for top executives*|
|Median Salary (2015)||$97,730 for general and operations managers*|
Source: *Bureau of Labor Statistics
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Job Description of a Global Business Manager
Global business management is an umbrella term for managers involved in the operations of a multinational organization and can be used to describe a hierarchy of managers. Businesses require highly specialized and closely linked professionals in order to be successful; therefore, there are business, country, functional and general managers that operate as a team in order to promote efficiency within a global context.
As specialization drives excellence in the global economy, a global business manager is expected to provide expertise in a field that can benefit the company. Depending on the primary responsibilities, a manager is expected to work strategically to obtain specific goals for corporate advancement in the world market. In addition, global business managers are responsible for the actions of others within the company, monitoring work and measuring success. The goal of these managers is to operate an organization with global scale efficiency and competitiveness that is responsive and flexible to cultural differences.
Global business managers possess a great deal of responsibility within their organization. Large multinational corporations are essentially required to abide by several countries' governmental regulations. The concern of the global business manager is to ensure that the company works within the guidelines of each country it exists in to promote business and products according to legal, ethical and jurisdictive limitations. In addition, a manager is expected to maintain efficient operations within their functional capacity, whether it be accounting or political relations.
Employment Outlook and Salary Info
Between 2014 and 2024, the number of employed general and operations managers was expected to increase 6%, reports the U.S. Bureau of Labor Statistics (BLS). This is an average rate, and limited job opportunities during this time may be due to corporate mergers and competition for a small number of positions. General and operations managers earned a median of $97,730 as of May 2015, according to the BLS.
Education Requirements for a Global Business Manager
While the formal education required for this position can vary significantly, global business managers are typically expected to possess degrees from accredited universities in their field of chosen specialty. Bachelor's degree programs in a business administration, international business or a multidisciplinary liberal arts major typically offer fundamental academic and introductory professional experience in the business realm.
Aspiring global business managers may choose to gain working experience before obtaining a Master of Business Administration degree in a chosen area, such as finance, marketing or international relations. The educational demands of this profession can be competitive and strenuous, though an advanced degree may help in meeting career goals. Solid work experience through internships, fellowships, or entry-level positions within a multinational organization through undergraduate and graduate studies can help in attaining quality postgraduate employment. Business courses through academic programs provide necessary training and skills, including:
- Corporate leadership
- Respecting cultural diversity
- Professional and interpersonal communication
- Foreign language proficiency
- Strategic planning and analytical speculation
Certification Options for Global Business Managers
A large part of international business involves corporate relations and networking. Professional associations and organizations offer conferences, seminars and certification designed to introduce, educate and validate esteemed corporate leaders and business professionals. Credentials, such as the Institute of Certified Professional Managers' Certified Manager designation, demonstrate proven academic preparation and managerial skills.
Becoming a global business manager is not easy. Competition for high level corporate positions, whether domestic or international, tend to be high. To improve odds, aspiring global business managers should have at least five years of experience and develop strong management, leadership and communication skills.