Are we moving away from globalization and toward protectionism? Not if you look at business school curricula. Here’s a closer look at the state of globalization in business schools, as reported by Poets & Quants.
“No Signs of Slowing”
While 'globalization' is one of the biggest buzzwords of the 21st century, many countries are moving in the direction of protectionism. Is this shift trickling down into business schools? Not so much, according to business school administrators.
“The future direction of the global economy won’t be dictated by a 70-year-old man in the White House. It will be dictated by the people in this room,” said MBA program dean Sean Meehan during a recent panel at the Centre Court conference for prospective business school students.
Doubling Down on Internationalism
In fact, according to Poets & Quants, business schools are actually “doubling down” on globalization through a variety of measures, including semester-long trips as well as double- and dual-degree programs that give students learning opportunities on multiple continents, such as ESMT’s recently launched double-degree program in partnership with Yale School of Management -- which can give grads an inside edge on the job market.
ESMT dean of degree programs Zoltan Antal-Mokos suggests, “If you put on your CV that you have done a double-degree program, that signals to employers that you’re serious about your future because doing a double-degree is an additional challenge. In a way, this may signal to your future employer that you’re committed to your own development.”
What’s Driving It?
Experts say the ongoing premium placed on globalization is fueled by market demand.
“When we look around the globe these days, we see countries erecting more walls or barriers around their economies and around our populations. Our students were selling us that that’s just no way to run a business. We need skills to work across countries and across cultures,” said MBA program vice dean Brian Golden.