Ways In Which Coronavirus Has Impacted MBA Programmes

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The virus has undoubtedly disrupted the free flow of businesses, and has no doubt, also disrupted efficient functioning of schools and institutions. Institutes with MBA programmes are no exception to this. Here are a few ways how the virus has managed to impact business institutes and MBA programmes:

1. Vague Guidelines- If one has to consider it historically, the institutes usually suffer when there is a global pandemic or an occurrence as such. America has shredded 701,000 jobs in March, which just goes on to prove that the economic outlook will be dim in the future. However, one cannot perhaps determine the damage caused by the COVID-19 as it hasn’t gotten in control as of yet. This is where the students are facing a lot of dilemmas. From joining institutes to continuing their education and looking for packages, everything has come to a grinding halt because of the pandemic.

2. Opening Deadlines: What is also unclear is whether these business schools will open up by the start of the fall semester. Nothing is clear about the reopening of the institute. One may even consider an MBA as a devalued asset considering the rate at which the MBA job prospects would further affect the market. Schools and institutes are also willing to refund the money of hostels and academics because nobody has a clear picture of the situation. However, some specialists have predicted an increase in the expectations of MBA applicants. It comes of no surprise that Covid-19 is causing major disruptions in the job market, and one can only teach virtually for so long. However, what is unclear is whether MBA will remain as attractive as it is or even more after this situation settles down. Students have already estimated that perhaps the recovery may start by the end of 2022.

3. Differences in diversity- There is a possibility that schools may expect a less diverse class for the next semester or whenever they open up. With the embassies being shut, there is a lot of confusion about Visa processing. A lot of aeroplanes have also come to a ground now. This goes on to prove that a major facet of MBA, which is study trips is going to get cancelled. This serves as a disadvantage for all the MBA aspirants.

4. Policy Changes: Business schools are also facing a lot of trouble in altering their policies to cope up with the pandemic. Some of the institutes are planning to extend the time period of admission so that there is ample time given to the students to complete the admission process. Another drawback that these colleges face is that with admission test centres being shut, for now, there is a lot of confusion about the conduct of examinations, etc.

5. An online resort- There is also a growing concern that most of the students will now opt for online courses so that they can study conveniently. They may feel more confident studying virtually so that they don’t come into contact with a virus. Business schools are also looking for new ways to adapt to such a situation, but no doubt, it is quite challenging. Online courses can only prove to be the silver lining of various institutes in such circumstances. Now that the whole MBA process has gone digital, the business schools have started conducting video interviews and online assignments. There might also be stretch in the finances of business schools, as the coronavirus crises led to a lot of job losses. However, MBA programmes can prove to be successful if they adapt to online platforms and are innovative with their teachings.

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