Although it can be easy to think of the business sector on a local or national scale, it can have an international flavor also. There are numerous key business hubs spread out in cities all over the globe. If you are looking to set up your own company, expand a firm over time, or progress in your career, it makes sense to know which cities this refers to.
Naturally, these cities also make up the biggest markets to succeed in and the best to focus on. By knowing which cities are the biggest hubs for global business, you can concentrate on them to locate the best job opportunities at the most iconic companies or enter into lucrative new markets with your own organization.
But which major cities are the biggest business hubs – and how can you become successful when doing business there?
How can you prepare to succeed in the biggest business markets?
Arming yourself with the right knowledge to thrive as a business owner or progress your career in these huge markets is key to achieving success. If you plan to set up your own company in a major hub, for example, taking the time to build your knowledge also develops skills in key areas such as leadership and global business.
One way of doing this is by gaining the relevant qualifications to help. Aston University’s online MBA degree is one option to consider and is designed to teach students how to operate in the fast-changing world of global business. As an online course, it is not only super convenient but also open to students worldwide. With modules on subjects such as delivering customer value and enhancing financial performance, it is the perfect way to prepare for working in the biggest markets.
But which are the most prominent international business capitals to consider moving into after completing a course like this?
New York City
Just as there are many famous photographers on Instagram for social media fans to know about, those with an interest in business will want to know about the most popular hubs globally.
There is no doubt that New York City has retained this status for many years now – and shows no signs of giving it up anytime soon!
But what marks NYC out in particular? It is best to start with the famous New York Stock Exchange. This is the biggest stock exchange by market capitalization, which makes succeeding here a big deal. This is especially true for companies that are listed on the NYSE and can watch their stock prices climb!
In addition to the NYSE itself, you also have Wall Street to consider. This is one of the world’s most iconic financial districts and helps makes NYC an international powerhouse. When you also consider that New York City attracts most of the world’s top businesses, from JP Morgan to Goldman Sachs, there is little wonder as to why it is a major hub.
Due to these factors and the large number of consumers with disposable cash in the city, it also remains one of the biggest markets to succeed in for companies. Making it big in NYC can also help businesses gain national recognition across North America. The vibrant and extensive business sector in the city means that there are plenty of careers to move into and lots of ways to make it as a high-level executive in New York.
London
There should be no surprise in seeing London make our list because this famous UK capital has long been known as a global business hotspot. Many of the world’s top businesses are present in the city, such as PricewaterhouseCoopers, Google, and IBM. This not only means lots of fabulous job opportunities but also some truly iconic companies to work at.
London is also home to the London Stock Exchange, which also helps make it a real business powerhouse. The LSE is one of the biggest financial markets globally, which makes it a real center for FX, share, and bond trading. Coupled with the easy transport links to London from most places globally and the vibrant banking sector it boasts, you can see why it still ranks highly.
In terms of doing business in London, it represents a major market to move into for organizations. This is not only in terms of the amount of wealth within the city and the large number of people who live there, but also the base it provides to expand throughout the rest of the UK.
Singapore
When it comes to doing business in Singapore, there are some unique aspects that make it stand out. These features help to attract businesses to the city and enable it to retain its exalted status. Although it might be relatively small in terms of area, Singapore is a real star of the modern corporate world.
To begin with, Singapore has a very sound legal business framework and a high degree of economic/political stability. This means that organizations feel comfortable entering the market here and setting up a base in Singapore.
The varied economy the city boasts also helps it lead the way in many major global industries, such as chemicals, electronics, and mechanical engineering. With an efficient workforce helping to power the local economy along, it is a location where businesses can rely on finding high-quality staff to hire. Although it may not be the biggest market in terms of size or population, it more than makes up for this by providing access to the broader Asian market.
As with London, this global business hub is a great place for anyone looking to move up the career ladder. It is home to some top companies that offer attractive packages and high-class working conditions.
Biggest business hubs make for the biggest markets
When you take a look at some of the biggest business hubs, it becomes obvious that they are also the biggest markets around to make your mark in. This is because they provide a gateway into major new markets for businesses and offer a large number of new consumers to reach. For those looking to build a career as an employee, the number of well-paid career options and top-level companies in these locations makes them some of the most appealing markets to succeed in.