Live Updates: Coronavirus Impact On Business Schools
What is the impact of coronavirus on business schools? We bring you the latest updates including campus closures, changes to MBA admission requirements, and more
You Can Now Take The GRE Test At Home, From Anywhere
April 3 Roundup
Online GRE Test available worldwide
The new online GRE test was initially available for candidates based in the United States, Canada, Colombia, France, Germany, Italy, Spain, Hong Kong, and Macau. However, from today, the test will be available for candidates worldwide with the exception of Mainland China and Iran.
Hult Prof Saddles Up!
Ted Ladd, professor of entrepreneurship at Hult International Business School, has a unique remote-working setup at home in Wyoming.
Vlerick launches course on working in virtual teams
Vlerick Business School has launched a free online course on ‘working in virtual teams’. Smaranda Boros, professor of Leadership and Intercultural Management at Vlerick, says:
“The instinctive reaction for teams working remotely can be to try to replicate a face-to-face environment, but virtual working comes with its own challenges. This free online course shows you how to create the ideal conditions for a virtual team to thrive. You’ll learn how to collaborate successfully on projects and you’ll get tips on how to improve your virtual working practices.”
5 tips for dealing with social isolation
Kaitlin Woolley, assistant professor of marketing at Cornell SC Johnson College of Business, shares her five tips:
1. Virtually connect with others over food
Eating similar food with others increases connection. Organize a virtual coffee hour or happy hour where you come together with others over the same food/beverage.
2. Watch out for information avoidance
With a constant influx of upsetting news, we may be tempted to avoid information and follow our ‘want preferences’ (i.e. continue socializing). In my work, I've found that people at times avoid information they should receive in order to do what they intuitively want to do. But if people have this information, they are less likely to act on these temptations.
3. If you're starting a new goal, make it fun
If you want to start cooking, FaceTime with a friend while doing so or play music related to the cuisine you are making. If you enjoy the process more, it will help you stick with your new goal for longer.
4. Make a schedule for yourself and categorize your activities to help you feel greater progress
When far from our goals, categorizing activities into buckets of what is done and what is remaining can help motivate us to feel like we are closer to achieving our goal. You can use this strategy to help motivate yourself to continue work or chores when you feel far from your end goal.
5. Focus on the process rather than the outcome
Many people are discouraged because they aren't as productive as they typically are, given the need to stay home and care for family members. If you are able to work, rather than focusing on the outcome you're aiming for, think about parts of the process that you enjoy which can help you stay engaged in motivated at work.
MBA Jobs Market Suffers From Coronavirus Crisis
April 2 Roundup
MBA Jobs Suffer Impact Of Coronavirus
Coronavirus is negatively impacting the jobs prospects of current MBA students, according to a leaked document obtained by Poets&Quants. The document, from the careers office of a top US b-school, explains that out of 116 major companies 40 have already reported a hiring freeze or cancelled or rescinded internship and job offers.
Students who are considering careers in transport, hospitality, or the sports industry, in particular, face the toughest recruitment challenge. Companies reported as cancelling or freezing hiring for jobs and internships include: AB InBev, Adobe, Visa, Wipro, Facebook, LEK Consulting, and Johnson & Johnson.
2020 MBA Application Deadlines Extended
Business schools are extending 2020 MBA application deadlines to give you more flexibility during the coronavirus pandemic. Check out our list of the latest MBA application deadlines for the world’s top b-schools.
Zoom With Pets: Cornell Johnson students share cute dogs pics
Sage Socials are a longstanding and long-cherished tradition at Cornell Johnson: Every Thursday evening, the Dyson Atrium at Sage Hall transforms from café and study seating to a place for food, drink, networking, and programming that highlights Johnson students’ talents. Now, Johnson MBAs are doing it virtually instead, taking part in a Meet My Pet hangout session in the latest social meetup.
NUS Business School extends app deadline
The National University of Singapore will now continue to accept applications to its full-time MBA through to April 15 and test scores through to May 10. ‘We would like to ensure that every candidate who wishes to apply for the August 2020 intake may continue to do so during this challenging period,’ the school says.
Applications received by 15 April will be reviewed and you will be notified if you have been shortlisted for an interview latest by 30 April. Application reviews and decisions will be made on a rolling basis, and final admissions offers can only be made to selected candidates who have submitted completed applications, including their test scores.
Coronavirus: LSE Alum Developing COVID-19 Vaccine
April 1 Roundup
LSE alum leads the way in search for COVID-19 vaccine
Before becoming BioPharma’s CEO, Renzo DiCarlo graduated with an Executive Global Master’s in Management (EGMiM) from London School of Economics’ (LSE) Department of Management. Renzo is now working hard on research, treatments, and a vaccine for COVID-19.
As well as calling other biotech companies to join efforts and resources to control the Novel Coronavirus, BioPharma has made enough progress that vaccine trials on healthy human subjects will start this month.
Renzo says that the EGMiM armed him with the necessary comprehensive leadership skills to lead his team at a time when the world is experiencing a global pandemic. He adds he was taught to always be aware of community and socio-economic issues that affect businesses and the broader company, so that he may proactively position himself to adapt his business strategy accordingly.
VIDEO: How will coronavirus affect your application?
Just because we’re working from home, that doesn’t mean we won’t continue to deliver the latest news for b-school candidates! Here’s our latest video update on the coronavirus pandemic.
UNC Kenan-Flagler Business School waives fees
UNC Kenan-Flagler Business School has waived all application fees for the Full-Time MBA until April 30 amid the COVID-19 pandemic.
“Our admissions team is also working with applicants who are impacted by testing center closures, and will accept GMAT or GRE scores after their application is submitted,” the school also states.
Kellogg School of Management introduces rolling admissions
Although the school has decided to keep the original April 8 deadline for Round 3 applicants for the Full-Time MBA programs, Kellogg School of Management has revealed that, after this deadline, rolling admissions will be open until June 1.
“Though we will keep accepting applications through June 1, we encourage you to submit your application as soon as possible––especially for 1Y, MMM and international applicants,” says Kellogg’s senior director of admissions, Renee Cherubin.
“Rolling decisions will apply to both admission and scholarship awards. Additionally, the sooner you receive your decision the sooner you can start planning for next year!”
MBA international trips go virtual
“Our virtual international trips include talks by international guests, group work in virtual rooms, using pooling system to vote for specific concepts, watching videos, using blogs and chats to voice their views, as well as using video and audio facilities," says Dr. Amir Michael, program director of the Full-Time MBA at Durham University Business School.
Durham's virtual international trips consist of a half day of set activities for a full week delivered by partners in Germany and Spain.
“Although the Covid-19 pandemic is a significant crisis to the world, it provides an opportunity to move towards the implementation of technology and digitalization in the education sector,” Amir concludes.
Find Out How Business Schools Are Battling Coronavirus
March 31 Roundup
Find out how business schools are battling coronavirus
Wherever business schools are based, the future is uncertain and the present is constantly changing. In the months ahead, schools need to be as proactive as possible in communicating to students how their learning experiences may be disrupted, and to maintain a pipeline of prospective learners, ready for a return to campus whenever that may be.
Our editor writes about the initiatives business schools are taking to combat coronavirus on the AACSB blog.
Experts explain how COVID-19 will impact your MBA application
Among other experts, Linda Abraham, from Accepted.com, says:
Schools are extending these deadlines both out of compassion and self-interest. They probably fear a larger ‘summer melt’ than usual. They may also know that their application volume was either down or flat from last year, which wasn’t a great year for business schools. (Most schools are experiencing a prolonged slump in application volume.)
You may find that you are able to get into a program R3 of this year or R1 of next year that you would have a harder time getting into later. It’s worth thinking about these odds while you have more time than usual on your hands.
Duke Fuqua shifts start dates
Fuqua is shifting the start dates of some programs because of the combination of delays in visa processing and social distancing practices. Full-time programs have been pushed back by a month.
ESSEC Dean talks up online learning success