Giggs ruled himself out as he wants to continue playing but admits the Wales job is in his mind for the future.
"If you do decide to go into management then the two ultimate jobs would be Wales and Manchester United," he said.
Giggs, speaking to BBC Radio 5 Live, added: "[That is] purely because I've played for my country and I've played for the team I've supported."
Playing under Sir Alex Ferguson at Old Trafford his whole club career, Giggs says he could not have a better role model to follow if he goes into management when he hangs up his boots.
But while Giggs rules out dropping down the leagues to finish his career, the Cardiff-born player says he expects to make his first steps in management either at a lower division club or as part of alarger coaching staff.
"You couldn't go straight into the job I don't think, it's [at United] a massive job plus it doesn't look as if the manager [Ferguson] is going anywhere for a few years yet anyway," Giggs said.
"If you are to do it you'd have to go elsewhere and be very successful and then come back.
"There's a lot of things that make him successful: his know-how, his desire, his hunger, his man-management - especially with young players - his recruitment. There's so many things."
Giggs, who won 64 Wales caps before retiring from international football in May 2007 aged 33 to concentrate on his club career, says he knows he only has a season or two left playing at the top level.
"I'll probably finish my career here [Old Trafford], I'm at an age now where it's coming to an end pretty soon so I can't see myself dropping down leagues and playing at a lesser level," Giggs said.
"Before I get any [coaching] job I want to get all the necessary qualifications, I wouldn't take a job until I had them.
"I am halfway through my Uefa 'A' Licence at the moment, the idea being that I will be ready for it when I do finish.
"I enjoy helping young players and being out on the training ground. I enjoy the buzz of the game.
"But when you are not playing you are going to lose all that. How do you get it back? Coaching or managing."
"I honestly don't know whether I would like it. Until you try it how can you? I will probably either love it or hate it."