By Mr. Adi Rishabh Jain, Vice President of Swarrnim Startup and Innovation University, Gandhinagar, Gujarat
The Oxford dictionary has defined the term ‘Globalization’ as the increasing worldwide integration of economic, cultural, political, religious, and social systems. This makes true sense in today’s world where there are numerous modes for trade, travel, and communication.
Design thinking and innovation of new technologies are bridging the gap with globalization in education as well. Integration of education systems, new age knowledge sharing, and teaching methods are some of the positive outcomes in this process. Classroom, online, and hybrid models have been well adopted from pre-school to higher education in India.
The new globalized Masters in Business Administration (MBA) programs impart theoretical knowledge along with practical knowledge that helps chase the world in real-time. Conventional MBA programs typically had specialization in Finance, Marketing, and Human Resources. These plain vanilla MBA courses have been redefined to specialize in segments dominating the current economic scenario.
- Banking & Finance– Banking is the core of the financial domain. An MBA degree in this sector helps master the nuances of the banking system and its allied investment avenues.
- Digital Marketing – Digital Marketing is the enhanced version that focuses on new marketing avenues. This covers social media marketing, advertising, and branding.
- Human Resource Management – Managers today handle the millennial workforce. The curriculum focuses on soft skills that help managers grow as motivational leaders in their careers. HRM emphasizes people management and a sustainable organizational structure.
The new-gen curriculum is designed such that aspirants are prepared to take on leadership roles in the corporate world. Successful entrepreneurs are equipped with a strong backbone through startup education. The following are a few MBA courses that are redefined by globalization:
- International Business – Globalization has opened doors for international trade. The course specializes in International Business Management and helps understand the dynamic global scenario.
- E-commerce Management – E-commerce management has all the learning tools that drive businesses to grow online. This program is to master various aspects of the online business, from funding to marketing. Start-up entrepreneurs can establish successful online businesses by pursuing MBA in E-commerce management
- Business Analytics – In this data-driven world, an MBA in Business Analytics is the need of the hour. This program helps make strategic business decisions backed by strong data sets. The course brings forth key career opportunities like Business Intelligence Analyst, Data Scientist, Market Research Analyst to name a few.
- IT Project Management – IT Project management requires great management skills along with sound technical knowledge. This is an apt course for an IT Project Manager that blends both the requirements.
- Travel and Tourism – With the world becoming a smaller place each day, travel and tourism have gained utmost relevance. Travel and Tourism Management emphasizes the business aspect of the hospitality and tourism industry.
- Healthcare – Education in healthcare was all about becoming doctors and nurses until a few years ago. Who could have thought of this sector having a management program? With the advancement in healthcare technology, MBA in Healthcare is the perfect fit.
All these MBA courses look very intriguing. But what about working professionals who can’t quit their jobs to resume studies. Hybrid and Online MBA programs are curated for corporate executives and senior managers who need not quit their existing jobs. These models are adopted by top universities across the globe. They offer complete flexibility to suit the busy schedules of working professionals.
- Hybrid / Part-Time MBA – These programs are a blend of on-campus and online study formats. They have workshops and interactive sessions with subject matter experts that bring immense networking opportunities. Professionals with at least two years of work experience are eligible to enrol in part-time MBA courses.
- Distance/ Correspondence MBA – One can attend the best MBA college irrespective of its location. These courses have 24*7 online access to all sessions and study material. They are cost-effective as compared to traditional full-time MBA courses.
Globalization in education has been a boon for developed as well as developing nations. In addition to income disparity, literacy levels differ between both worlds. Equal education opportunities bring the young talent pool closer to their dream aspirations. It’s rightly said, new globalization redefines MBA.
About Swarrnim Startup and Innovation University 
- Swarrnim Startup and Innovation University is a knowledge hub where disciplines like Engineering, Architecture, Design, Science, Management, Paramedical, Agriculture among other streams are taught with value enhancement through innovation, startup and entrepreneurship.
- Through education, research, and innovation, their vision is to drive up the spirit of entrepreneurship amongst students and help them tap into their creative minds to curate businessmen and businesswomen.
- Wanting to bring a ‘change’ in the education system, Swarrnim is the first of its kind university in India committed to promoting startups and encouraging young minds to become leading entrepreneurs. By providing rigorous learning experiences, the institute contributes to the university’s outstanding retention, graduation, and career placement rates.
- They aim to enable youngsters to think innovatively so that they can help in contributing to the betterment of the nation. The degree programs provided by Swarrnim are designed according to the modules based on core and elective units.
