With news of China’s economic woes dominating the headlines, it would be easy to assume that every country in the developing world is facing financial hardship. But while some nations, especially in Southeast Asia, are struggling with the repercussions, others are proving remarkable resilient.
Chief among these are the developing countries of Latin America. As the OECD pointed out earlier this year, “most Latin American economies have been resilient in the face of recent external shocks,” while predicting that overall growth will recover in late 2015 and into 2016.
In May, the IMF released its annual Regional Economic Outlook for the Western Hemisphere; though the research found that prices for commodities were weak, the report predicted that government spending on structural reforms will give a forceful kick to the economies of many South American countries.
In just six years, the size of the middle-class in Latin America increased by 50 percent– there were approximately 100 million middle-class civilians in 2003, compared to 150 million- that’s 30 percent of the total population- by the year 2009.
The surge of the middle-class in a continent that was once considered indigent and destitute reflects recent changes in the region’s economic mobility.
Over the last decade, Peru’s growth has been extremely impressive, with an annual average of 6.4 percent. The IMF has also predicted that between now and 2016, the country will experience significant growth from its copper, gold, fishing and agricultural industries.
According to the same report, Chile’s economic growth will near three percent this year, a figure the country will easily overtake next year. Colombia will do better still, with a prediction of 3.4 percent and 3.7 percent growth over the next two years.
In terms of oil production, Colombia is the third-biggest in Latin America behind Venezuela and Mexico, yet most of the country’s growth derives from its construction sector. The Colombian government is also planning a $50 billion investment in transportation infrastructure by 2021.
With all these booming industries, South America is fast becoming a playground of opportunity for business graduates across the globe.
Employers on both a national and international scale are seeking representatives with transferrable skills to develop and diversify their business. Top business graduates already have a firm understanding of how business and management function, and are therefore much more likely to snag the top positions.
Business graduates also know about markets, finance, human resources, operations, information systems, policy and strategy. They understand the ethical implications of business – a factor that is becoming ever more important in an eco-conscious world – and have spent their time at university developing both their teamwork and leadership skills.
All of these elements are recognised worldwide, making a degree in business the ideal vessel to sail through the international network of business.
The LUMS Careers Team is available to help all students with their job search, and is always happy to assist students seeking employment within their home country, as well as those who are hoping to move abroad.
Luca Morrone, a former student of Lancaster’s MSc Management programme says: “LUMS’ global ranking and reputation combined with its high quality teaching and international outlook, made my choice of university easy.
“In April 2015, I secured a place at the global Management Trainee (GMT) programme with the world’s largest brewer AB InBev. They are globally renowned for their wide product portfolio including brands such as Corona, Budweiser, Stella Artois and Becks.
“The MSc Management course that I studied at LUMS has no doubt helped me to enhance the critical skills I need to thrive in this sector.”
— Lancaster University (@LancasterUni) July 8, 2015
The School of Business, Economics and Informatics at Birkbeck, University of London has four distinctive academic departments, making it the biggest in the whole institution with a research output that places the University firmly among the best in the UK. Past students have gone on to build successful careers in the public and private sectors, scientific research institutions, non-profit organisations, international agencies or have set up their own companies. Some have gone on to work for established multi-national companies, including Deloitte, Microsoft, The Economist and Sony. Faisal Islam, MSc graduate of International Business at the University of Birkbeck says: “I was working on a BT graduate scheme and wanted to push myself further by studying for a Masters, and Birkbeck offered the flexibility that I needed. “The MSc definitely helped me get onto the leadership programme by showing my employer that I had a thirst for knowledge and was willing to challenge myself. “Also, studying International Business is very important in the current economic climate, as it has given me a global perspective and background, which makes me stand out from the crowd.”
The UHV School of Business and Administration is an excellent fit for international students wishing to triumph within the world of business. Their Graduate “Bridge” programs are designed specially designed to suit the needs of overseas students, giving them the freedom to study from any location.
One of the University’s notable alumni is Doug Frye, who earned a Bachelor of Science in Business from Upper Iowa University before achieving a Strategic MBA with a concentration in Marketing from the University of Houston-Victoria.
Doug was a member of the winning group in the Strategic MBA case competition in 2012, a victory that paved his path to success. He is currently seeking a senior marketing/research analyst position to achieve corporate goals and objectives, while taking advantage of the opportunity to create paramount business solutions.
— UH Victoria (@UHVictoria) May 21, 2015
Dundee Business School is part of Abertay University, and is highly regarded for its academic performance. The school enjoys close links with industry, making it the ideal choice for anyone aspiring to the global world of business. Jude Ower, Abertay marketing graduate and founder of Playmob, was voted The One to Watch at the Talent Unleashed Awards, judged by Sir Richard Branson and other technology industry leaders. She says: “When I graduated, I spent time working with the start-up I had written my dissertation on. I spent two years working in the space of games for learning and training. “I moved to [to a new city] in 2005 as I knew I wanted to open my own business and for me it was important to expand my network, learn more and then work out what type of business I wanted to open and run. “Abertay to me has always been a really progressive University, testing boundaries and not afraid to take risks.”
With more than 40 percent of America’s exports heading down to Latin America, the USA’s rate of trade with the region is growing much faster than it is with the rest of the world. On top of this, 37 million Americans can now speak fluent Spanish, a 288 percent increase on 1980’s figures. The region’s economy represents an attractive export market, given its ever-expanding middle-class, paired with its emphasis on health, education and technology.
Obama’s “100,000 Strong in the Americas” has introduced education initiatives to form a strong connection between North and South America, but it is not only US schools that need to go beyond the study-abroad model to forge long-lasting student relationships, but schools all over the world. With such promising prospects emanating from the countries of Latin America, perhaps now is the best time for its business students to make the leap and study abroad.
Read on for more information on these quality universities offering Top Graduate Outcomes…
LANCASTER UNIVERSITY MANAGEMENT SCHOOL, LANCASTER UNIVERSITY – UK
Lancaster University Management School (LUMS) is ranked as one of the top 1% of business schools in the world. It is the leading full-spectrum business / management school in the UK as it is the only UK business school to be ranked so highly across all major activities. The Lancaster MBA has been ranked 12th in the world and 6th in the UK by Forbes magazine, as well as Top 10 in the UK and Top 50 worldwide by the Financial Times. Emphasis is placed on Learning Through Action, where students get the opportunity to work on practical real-world experiences, to prepare them for real business challenges. Read the full profile…
THE SCHOOL OF BUSINESS, ECONOMICS AND INFORMATICS, BIRKBECK, UNIVERSITY OF LONDON – UK
The School of Business, Economics and Informatics at Birkbeck is comprised of four departments: Computer Science and Information Systems; Economics, Mathematics and Statistics; Management and Organizational Psychology. Collectively, it offers over 60 programmes. Birkbeck’s academics work with governments, businesses, charities, NGOs and educational, scientific and healthcare institutions around the globe to extend the boundaries of knowledge. Birkbeck has students from over 120 countries and what these students share is a dedication to their studies and a determination to achieve. Students will not only learn the latest theory from leading academics, they will also discuss how this relates to the workplace and the wider world. Read the full profile…
THE SCHOOL OF BUSINESS AND ADMINISTRATION, THE UNIVERSITY OF HOUSTON-VICTORIA – USA
The UHV School of Business and Administration offers a range of impressive Graduate Programs, including Strategic and Global MBA programs, and a Master of Science in Economic Development and Entrepreneurship. The School of Business and Administration is accredited by AACSB International, the hallmark of excellence in business education, and is listed among the Princeton Review’s Best Business Schools. With high quality programs at affordable tuition rates, the SBA has been named a “Best Buy” by GetEducated.com. UHV is a Hispanic Serving Institution, and are proud members of the National Society of Hispanic MBAs, National Black MBA Association, and National Association of Women MBAs. Read the full profile…
DUNDEE BUSINESS SCHOOL, ABERTAY UNIVERSITY- UK
Dundee Business School is part of Abertay University; an internationally respected institution on the beautiful east coast of Scotland. Founded in 1888, Abertay University has trained its students to be part of global industries – from Dundee’s thriving textiles industry of the 19th century, to opportunities in oil, gas, global finance and digital media today. Career opportunities from the courses at Dundee Business School are both wide and varied, and students have access to a range of exciting business opportunities while studying at the School; from entering global business competitions run by companies such as IBM, to the annual Innovation for Global Growth Week which brings international employers including Heineken, RBS and Tokheim to run practical masterclasses with students. Read the full profile…
SCHOOL OF BUSINESS ADMINISTRATION, THE UNIVERSITY OF SAN DIEGO – USA
The School of Business Administration at the University of San Diego has provided a rigorous, values-based education that accelerates the personal and professional growth of its students for more than 40 years, consistently producing high-performing, responsible leaders who greatly contribute to society. Leveraging group exercises, case studies, consulting assignments, as well as highly interactive methods, the School of Business and Administration’s programs offer real-world, practical experience balanced with intensive academic theory that offers students a holistic approach to learning that they can immediately apply. Personalised, one-to-one learning with accessible professors gives students the opportunity to ask questions and focus on areas of interest.
KENAN-FLAGLER BUSINESS SCHOOL, THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL – USA
The Kenan-Flagler Business School at UNC has long understood what defines true business and success and puts that understanding into practice. In and out of the classroom, through academic rigor and essential real-life learning experiences, UNC are shaping exceptional leaders who make positive impacts on the corporations and communities they serve. The Kenan-Flagler Business School is the only top-ranked school to integrate its core values of excellence, leadership, integrity, community and teamwork into the fabric of their academic experience. As a result, students are prepared to excel in applying knowledge and drive results, and to lead, collaborate and inspire to bring about positive change.