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MBA Jobs: International Diversity Means Diverse Career Options For Monaco MBAs

The MBA class at the International University of Monaco is 100% international. And 40% of alumni work outside their native country

Mon Nov 28 2016

Bulungisa Simayi relocated thousands of miles from his native South Africa to pursue a 10-month MBA at the International University of Monaco (IUM). Only two months in, he’s already connecting with local employers and international firms.

IUM’s AMBA-accredited MBA is 100% international. Bulungisa is the only South African in the intimate, 20-student MBA class. But he’s been blown away by a unique MBA program ranked among the top 100 in the world, and ninth for geographic diversity, by the Economist.

“What stands out for me are the discussions and emotional attachment to the different issues we debate about,” he says. “I can already see a difference in how I conduct myself. And my confidence is building up, preparing me for that more senior position.”

At IUM, diversity in class extends to diversity in careers. This year, 77% of IUM MBA students landed new roles within three months of graduation. 53% will go on to start their own businesses. Over 40% of alumni work outside their native country.

Spanish student Hugo Sanchez wants to work in wealth management after his MBA. He’s well-placed to do so. There are over 85 financial institutions focused on wealth management in Monaco. And IUM has strong corporate links.

“Monaco is one of the most important financial centers for ultra-high net worth individuals in the world,” Hugo explains. “For someone who wants to pursue a career in private banking, it’s a very special place.”

“[And] the IUM career service helps students to achieve their personal goals,” he continues. “I’ve already received a personalized email from the career service suggesting that I apply to a specific private banking position in Switzerland.”

This year, IUM’s annual, two-day careers event - International Business Days – brought 60 top MBA employers to campus including UBC, Nielsen, Piaget, Puma and global consulting firm Frost & Sullivan.

The small MBA cohort means a personalized career service. Each student has their own dedicated career coach working exclusively for them. And, throughout the two-day careers event, students took part in individual interviews with company representatives.

For Hugo, IUM’s diverse MBA cohort was what really stood out. There are no more than three people of the same nationality in the current MBA class. Through working together in diverse groups, MBA students prepare themselves for careers in an increasingly globalized world.

“There are people here from Russia, Brazil, Jordan, Canada and the US,” he says. “You have the opportunity to network with people you would never meet anywhere else.”

Swiss MBA student Sibylle Tellenbach agrees. She has over a decade’s professional experience in finance and business development roles. For her, the MBA was about more than just the business knowledge she’d gain.

“[At IUM] both staff and faculty care to know my name,” she says. “I’ve met so many interesting people and made friends from all over the world.”