A growing number of individuals identify as cosmopolitans i.e. citizens of the world. They voluntarily move from country to country in pursuit of self-fulfilment in both life and work, and build a cosmopolitan identity in the process. In this study, we investigate how cosmopolitans manage and deal with conflicting loyalties and restructure their identities over time balancing the local and the global. We are particularly interested in how a cosmopolitan identity is constructed and maintained on the side of other social identities and whether this results in liminal experiences of cosmopolitans. The empirical data for our research originates from a qualitative study of Finnish-born cosmopolitans conducted in early 2020. Their life course and identities were investigated retrospectively and analysed with the help of social identity maps. This is an ongoing research project and the paper presents work-in-progress. Our study demonstrates that this growing group of globally mobile individuals deserve more attention from International Business scholars.