Is the 2020 bad year to do an MBA?
Right time, Now more than ever
In Unique Situations like now, Students across the world face a difficult dilemma today( Impact of COVID on MBA ). Should they defer a year of education or Should they join in now.
First Students should not take a year off from education just because you don’t like digital learning and online classes. It will improve over the time period and Second, it is still unclear how much of the year will be digital. Most important is you should come up with a positive forward-looking approach towards your career.
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The most important question to ask is
Can you use this year productively outside of the university setting?
In these uncertain times, with health and financial emergencies, it makes more sense than ever to be in a protective learning environment then into the Market. Research from the past has shown that in crisis the students who have focused on courses and upskilling and building critical skills during the time of downturn have always got a higher career path and Money making ability than those who wasted a year or two waiting for things to be normal.
Time is something which is not infinite, Every one of us has fixed time in a day which does not return. Consider it like coins you have total 86400 Rs (seconds per day), If you don’t spend them today they will go away tomorrow. So this is not the time to wait and be unproductive. But to spend the time on strong management programs, which will upskill you towards a growth path. Few of the programs like IIM’s, MDI Gurgaon, Taxila Jaipur, Fore School and SP Jaipur have strong career-building paths for students in the current crisis.
It is unclear how much will change in 12 months. If you believe this is a short term phenomenon and life returns to something more normal soon. Then you should wait & see data coming from thinkers like Bill Gates who says ‘we will need to change the way we work and develop Companies’. like Tata Consultancy who plans to have 75% workforce work from home by 2025. Suggest that we should prepare for Big Change is how we live. People who will change fast and do it now will have higher career growth.
Consider that every year of deferral will push you back one year of growth and will decrease the probability of your doing management course for higher growth and success.
You will be out in the world longer without the skill set and life will change and returning will be more costly.
Also read:- Best Paying MBA Specialization in 2020
Finally, this really should be the decision about when you want to enter the market graduating in a recession can have a long-lasting career effect. This is if you start your course in 2020. You are ready for employment in 2022 when things will again pick up to improve and grow at a fast speed. With right skills and technologies you will be more ready then ever to join corporates. Earn and help build the economy and grow your career faster. If you wait for a year this growth train will not wait for you and you will miss out on this. Once in a lifetime opportunity to be in a safe learning environment. When things are risky outside and enter when it’s the right time to capture the corporate world.
So 3 decisions you as students will have to make:
- Can you have something productive outside of Education for 12 months?
- What year will be the right time for you to enter into employment, 2022 or 2023? Can you afford to waste a year?
- Will you be prepared to enter corporate when the Covid Situation has improved with the right skills and courses done…
So we suggest now more than ever is the time to go attend Full-time programs and upskill yourself through market-relevant courses like MBA.
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