Covid-19 Pandemic Raising Demand for Good Indian MBA: Find Out Why
MBA, being one of the top choices for students going for a professional course at the postgraduate level, is expected to receive an increased demand in top Indian B-schools. Read the piece below with inputs from Mr. Tarun Anand, UBS to find out why.
The pandemic that the world is currently facing, as well as recovering from, has changed the face of education in its entirety. With schools and colleges staying completely or half-shut to prevent the spread of the virus - COVID-19, digitalisation of education has taken the front seat. What remained the most affected due to this global pandemic was the decision of studying abroad. With economies fluctuating and natives losing their jobs, many countries are now closing doors for international students.
This is now leading towards the increased number of enrollments in professional degree programmes in India. MBA, being one of the top choices for students going for a professional course at the postgraduate level, is also expected to receive an increased demand. Here’s why.
How Does COVID-19 Affect the Demand for an MBA in India?
If you are aspiring to go for an MBA degree in India or abroad, these are some of the points that you really need to consider while making a decision.
With GMAT/ SAT coaching classes, travel costs, accommodation cost, tuition fee and other expenses, the ROI (Return on Investment) on MBA abroad has now come into question.
The downswing and economic collapse in international markets have reduced job prospects. It may seem that there are now better opportunities available in India.
A number of Business Schools in India have ties or collaborations with reputed international institutions. These schools have made a global curriculum that is available at competitive prices. This curriculum allows exposure for students with a global degree.
Many students who opted for a job first and then left them to seek an MBA abroad now realised that they need to look for an alternative option in India. This has lead to increased growth in admissions at some of the top B-schools in India.
Students who used to make decisions of studying abroad based on glamour have now brought back their focus to brass tacks due to COVID-19.
Increased Quality of Education in Indian Management Schools
Other than the above-mentioned factors causing the increased flow of students in the business schools in India, many top-tier institutes here, in the country are also giving tough competition to the domestic or international counterparts. Here are some of the reasons how pursuing an MBA from India might just turn out to be one of the greatest decisions of your life.
Some of the top management schools in India like ISB-Hyderabad, IIMs, SPJIMR, etc have always stayed ahead of the curve and upgraded their curriculum constantly to stay relevant.
With the acceleration in the digitalisation of all organisations, top B-schools in India have accentuated their courses to include new Business Analytics, Technologies, Machine Learning and AI in the curriculum making it a STEM infused MBA. This is helping Indian B-schools in adapting quickly to the new normal using the skill sets that are now driving the job markets.
With the inclusion of new courses like Crisis Management, Organising in Times of Crisis, Risk Management, Building Resilient Organisations, Crisis Communication, Leadership During Crisis, etc, the students are being prepared for the new world of business.
Many of the Indian management colleges leveraged this lockdown by attracting international professors from some of the leading Ivy leagues to give live lectures. This has helped in providing a global point of view to the students.
Despite a tough year, these strategies have worked well. The colleges are seeing a rise in global management programmes by big percentages. Now, whether the situation changes in future or not, that only time will tell.