As the job title suggests, global managers have responsibilities that span several countries. They work in their native countries and, as their job duties dictate, travel internationally to take care of business deals. Some global managers get their start in sales, having an ability to sell products to their company’s customers.
As a global manager, you’ll be well-compensated for your work. It helps if you have detailed knowledge about your company and its products or services. You should also be highly familiar with the people in the countries to which you travel. If your goal has been to work internationally, then a position as a global manager will help you to achieve it.
How Much do Global Managers Make?
You won’t start out at the top of the pay scale, even as a global manager. You’ll need to advance to that point, showing your true worth to your employer. At first, you should expect to earn about $57,000. As you spend more time in a global manager’s role, your pay will begin to jump substantially.
When your pay reaches the 25th percentile, you’ll be earning $79,000 annually; at the 50th percentile, $100,000. At the 75th percentile, $130,000 and at the 90th percentile, $150,000. On average, you’ll be bringing in $102,883 annually.
With an annual bonus, your compensation jumps by about $15,558. Profit sharing brings in an additional $4,122, depending on sales. Your commissions may be about $30,095, again depending on company sales.
What is My Earning Potential?
When it comes to “earning potential,” this is different from how much you make. Here, you’re looking at several other factors, which will help to increase your average annual salary.
Also, your bonus may also increase as you log more time and years into your position. At first, this figure may be lower than $10,000; as you spend more and more time as a global manager, you’ll see your annual balance climbing toward, then past the $50,000 mark. Eventually, your total pay could conceivably surpass the $200,000 bench point.
How do Global Manager Salaries Compare?
As a global manager, you’ll be well-compensated for your work and time. When you compare your wages to those of other managerial roles, your average pay rises above theirs. At the 10th percentile, a general and operations manager has an average annual salary of $44,510; at the 50th percentile (median), their annual salary is $100,410. At the 75th percentile, this increases to $156,580.
|Senior Global Manager||$200,000|
|Management of companies within the U.S||$162,510|
|CEOs of grant making organizations||$141,210|
|Managers of oil and gas extraction companies||$178,960|
Is there Demand for This Career?
While the demand for this career is out there, it’s not as strong as other professions or job roles. At 8 percent, the rate of job growth is only about as fast as it is for other occupations. It also depends heavily on the rate of the growth of targeted industries. The topmost executives in global managerial roles face stiff competition for their positions.
Another way of viewing this question New competitors are rising and developing in smaller countries. And, because their country’s markets are too small to support their output, they are naturally forced to go global, in order to survive. As soon as they realize they have to look beyond the borders of their home countries, they jump in with other, longer-established global concerns.
Companies that focus on knowledge-intensive or information-based services are the most likely to advance to a global role more quickly.
Another point of view the CEOs of companies that were formed in the U.S. are from other developed countries, such as Australia. In other words, they are willing—they must be willing—to move to another country to continue working. This means that, if you were born in the U.S., your competitors for those global manager positions you’re eyeing may come from India, Japan, Southeast Asia or even Europe.
Next, if you work for a company that produces a product that’s also produced in another country, you need to consider the price you attach to that product. If your company produces pharmaceuticals, these are much more likely to be priced much higher in the U.S. than they would be in another country that produces the same medication. Pricing a medication closer to its cost of production means that more patients are going to want to buy the medication from that company than it will from the U.S. corporation that prices it beyond affordability. Result: the foreign corporation will, ironically, make more profit eventually. Thus, its global manager is more likely to be employed for a longer time period.
Globalism also means that recruiters looking for top talent will expand their search beyond U.S. borders. Those who are looking for a global manager position will have to sharpen their skills and knowledge so they are more likely to be chosen for the spot. This becomes even more critical when you factor in the new philosophy being adopted by business executives. About 87 percent of business executives are now focusing on their positive impact on society. They believe that, if they begin to focus on becoming a positive force, their organizations will perform better.
What is the Job Growth for the Field?
Looking over time, 33,670 global manager positions existed in California. By 2016, an additional (estimated) 1,340 new positions were created. As existing global managers either move into different organizations or retire, an additional 4,552 positions will open up, bringing the total number of openings to 5,890.
As of 2016, the BLS projected a more-encouraging job growth rate of 7 percent between 2016 and 2026.
How Much Competition Will I Face for a Job?
The level of competition for a global manager is high. With the percentage of growth at only 7 percent, managers tend to hold onto their positions, rather than moving into other positions or retiring.
On the bright side, global managers are able to transport their skills from one position and organization to another. And, because global managers are common in several industries, this should make landing another position as a global manager easier than for other job roles.
As a graduate student, if you have decided that working as a global manager is the right goal for you, then you’ll need to amass more education and credentials. You may need to gain experience as a DBA (doing business as) and earn certifications in various roles in order to be seriously considered for such a position. You’ll also have to be skilled in tech areas and sharpen them frequently. Learn a second language and become highly skilled in speaking this language. In short, learn everything you can and gain experience in as much as you can with software and computers.
What Kinds of Institutions Hire Global Managers?
As a global manager, you’re going to have a clear advantage over other business roles. Your experiences and skills will be sought after in the public sector.
You’re more likely, too, to be hired as an international business expatriate. However, if you already have a family, but the budget offered by a potential employer may not allow you to do so. You’ll have to live apart from your family or bypass the offer.
A short-term international job may better fit your needs if you do have a family.
The type of institution hiring global managers runs the gamut. It may be a large, national corporation looking to expand into new countries; an organization providing office electronic supplies seeking customers in other countries; foreign universities; electronics companies wanting the opportunity to sell their products internationally; or even local companies with an idea it wants to replicate internationally.
How do I Advance My Career as a Global Manager?
Here, you have so many opportunities to build on your success and advance in your career. The strongest thing you can do for yourself and your career is to learn a foreign language. Learn Spanish, Japanese, German or one of the Chinese language dialects. If you learn Hindi, you may be the manager selected to work in India, as your company works on expansion.
Delve into computer science and IT courses. Focus your learning on software applications that you may use in your work.
Take your strong points and make them even stronger. If you communicate well, practice written and verbal communication skills with courses and public speaking organizations, such as Toastmasters.
Develop your ability for active listening. Learn how to ask questions that show you’re listening to what someone else is saying.
Earn your certificate in global management. When employers see you have this, you’re more likely to be hired as a global manager. One such certificate is the Certificate of Excellence in Global Business.