MBA from Abroad in Today’s Time
Pursuing an MBA from an international Institution is the dream of many and reasons for it are obvious be it the global networking opportunity, living International life, Making Big bucks, Gaining an Permanent Residency or having the luxury of visiting Exotic locations and monuments, an MBA from abroad provides you the opportunity of accessing all of these possibilities. But do the current circumstances offer you these benefits or not is the primary question you should be thinking of. This blog is to help you assess the current global situation and let you know the challenges you could be up to in doing your Global MBA or MBA from abroad in today’s time.
Let’s look and understand the Impact of the Current COVID 19 Pandemic on different parameters which are the key to your decision of doing an MBA from Abroad.
PLACEMENTS:
The topic is initiated with this aspect as it clears the confusion in first take itself. Unlike the Business School culture here in India the B Schools abroad mostly do not provide an in hand and assured placement opportunity leaving the students with the option of either leaving the country after their MBA or securing a Job by applying through personal platform which proceeds us to next aspect of the blog i.e. the Global Recession
THE CURRENT GLOBAL RECESSION:
Today the Corona virus (COVID 19) Pandemic has dethroned the world .Every sector has been largely affected because of this deadly and contagious virus be it Politics and Governance, HealthCare, Education or Employment and Trade. The situation is so critical that the head of IMF (International Monetary Fund) went to the extent of saying that “The Corona Virus pandemic has brought the global economy to a standstill and plunged the world into a recession that will be “way worse” than the global financial crisis a decade ago, and also calling it “humanity’s darkest hour.”
STATUS OF VISA APPROVAL:
The status of VISA approval is something which could be understood by the fact that how the pandemic has caused many countries to close their borders and cancel their International aviation services. To add on to that several International Institutes has asked their students to vacate their campuses until further notice. Now it is pretty logical that when the current students are facing these kind of complications how a country could allow new and foreign students into its educational institutions.
PART TIME AND ODD JOBS:
Since the fee charged on providing education and cost of living in foreign being largely high as compared to India many students are dependent on part time and odd jobs to financially support themselves. Due to ongoing lockdown across the world the opportunity of earning livelihood and saving money for funding your MBA fee lies in jeopardy.
THE CORONA POSITIVE CASES:
Most of the Countries from where the Indian students pursue their MBA from have relatively higher cases of Corona Virus patients than India. The USA or the European Countries like UK and France and even Australia for consideration has more cases than India. The USA for Example has 98% more cases than India. Now to consider getting into these places in the prevailing circumstances is something which could risk your life.
THE CONCLUSION:
Since there is no idea till date as to when this pandemic is sure to vanish and finally the upturn in International economies would get under way it would be ideal to either change the plan or postpone the plan atleast until there exists the signs of global conditions reviving. Now for people who are ready to postpone their plan and are preparing for GMAT could continue their preparation and give the exam as it is an online test and has a validity of 5 straight years, Whereas for the ones who do not want to drop their plan for doing an MBA and are keen on doing their post graduation in the current situation itself they could bank on the Reputed Indian Institutions such as the IIM’s, ISB, MDI, SP Jain and JBIMS etc.