Why pursue a Masters in International Agribusiness?

Delving into the agribusiness industry, the career opportunities it offers and if a Master's programme in the same is right for you.

  • According to The World Bank, about 26% of the world population is employed in the agriculture sector.
  • Today, the agribusiness industry is vital to the economy of many countries across the globe.
  • With the MSc International Agribusiness, you can opt for job roles such as agribusiness food manager, agricultural analyst and market analyst.
Gisma - Business School

Its huge economic impact and the pressing need for better functioning mean the demand for agribusiness professionals continues to rise

In 2014, the agribusiness industry accounted for approximately 33% of global GDP. With this huge economic impact and the pressing need for better functioning, the demand for professionals has continued to rise. As such, programmes like the MSc International Agribusiness from GIMSA Business School have been introduced to develop new talent in this field. This blog looks at the components of such courses to help you identify if it is the right choice for you.

What is agribusiness?

According to the Cambridge Business Dictionary, agribusiness is defined as “the different types of businesses that are involved in farming”. This comprises of various functions such as crop production, agrichemicals, distribution, breeding, processing and seed supply, while also encompassing ‘agriculturally related businesses’ beyond the farm like retailers and more.

Benefits of pursuing a Master’s in agribusiness

  • Increased employment: agribusiness is known to employ a large section of the world population. According to The World Bank, about 26% of the world population is employed in the agriculture sector. This speaks volumes about agribusiness’ contribution to the global employment rate.
  • Entrepreneurial jackpot: agribusiness is the need of the hour and professionals with an entrepreneurial streak can tap into this opportunity. It will also give you the platform to take your business to the international market and create employment opportunities for others. A great example of this is the initiative taken by sustainable food brand, ‘Rubies in the Rubble’ (see the video below).
  • Develop existing knowledge base: if you are from an agricultural background or belong to a family with a business in this sector, an MSc in Agribusiness will help you further your expertise in the field and expose you to new trends and technologies. Furthermore, you will acquire skills to help you look at the agriculture business from a broader perspective.

Entrepreneurs are entering the agribusiness sector and transforming it into something great. 

What will you learn in this course?

The modules taught in this course are aimed at helping students acquire knowledge about:

  • Business operations in a global market: the global agribusiness value chain is huge and in order to make it big in the industry, you must have in-depth knowledge of how it works in a domestic, as well as international, setting.
  • Management skills: with this course, you will be ready to become an integral part of the business. Hence, your grasp of management and leadership skills will be enhanced, as well as the ability to manage change and creativity.
  • Strategy management: this module will help you acquire the skills to devise strategies and innovative ideas that are instrumental in business operations.
  • Marketing: irrespective of the industry, all businesses employ marketing techniques to give their business a boost. This module includes digital marketing, understanding the process of expanding the business in emerging markets, e-commerce and other methods specifically for agribusiness.
  • Production technology: processing and production make for a vital part of agribusiness. Therefore it is essential for students to be familiar with the concepts and techniques.
  • Data analytics and finance: every business needs data analytics and finance professionals to support important decision-making processes. This module focuses on analysis techniques, big data analytics, accounting and audit.
  • Production environment: it is essential to understand food safety, regulations pertaining to agribusiness, public policy, the resources available and adaptability.

Career options

  • Agribusiness Food Manager: the job role of an agribusiness food manager requires supervision of business operations. They bring in elements of organisation and leadership to the business process and usually specialise in a specific area, such as livestock and crops.
  • Agricultural Analyst: if you assume the role of an agricultural analyst, your job responsibilities would include forecasting economic trends, predicting potential risks and devising strategies to manage them, conducting research that can aid in product development and contributing to financial decision making.
  • Market Analyst: as a market analyst in agribusiness, your role would require you to perform duties such as predicting agricultural market trends, analysing past trends to make accurate predictions, staying up-to-date with factors that affect the business (supply, demand, world trading, etc.) and devising strategies and policies to help the business grow.

Pursuing a career in international food and agribusiness

Every profession has a skill-set requirement. If you want to take up a job in agribusiness, ensure that you have the following skills under your belt:

  • Interpersonal skills: since you will be working in a supply chain management system, it is absolutely necessary that you have interpersonal skills. You must understand the demands of the suppliers as well as the consumers.
  • Technologically advanced: agribusiness professionals must be tech-savvy. There are technologies that are specific to agriculture and you must be up-to-date with the techniques and technology trending in your area of business.
  • Organisational skills: time management and organisational skills are paramount to all professions. Since the agribusiness is largely dependent on factors like season, weather conditions and consumer demand, it is important for professionals in this field to be highly organised.

Agribusiness is an essential part of the global economy and enrolling for a course in this sector will help you become a vital part of this rapidly expanding industry. One option is the MSc International Agribusiness offered at GISMA Business School. This programme is FIBAA accredited and delivered in the beautiful city of Hannover. GISMA is a leading business school in Germany and you can enquire here to find out how to apply.

27 May, 2019