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
Coronavirus: Stanford GSB Dean Message For Students
March 24 Roundup
Stanford GSB dean with a reassuring message
“With the first weeks behind us, I want to take this opportunity to reflect on our shared situation, and to express my appreciation and gratitude for the GSB community,” writes Stanford GSB dean Jon Levin.
“We have faced the disappointment of losing the traditional experience of spring quarter, long-planned events, and even commencement. The world looks less friendly to students looking ahead to the job market, and to those of us anxious about family members. All of us are deeply concerned about the health and economic costs being borne across the country and the world.
“In the midst of this uncertainty and anxiety, I have been inspired continually by the resilience and creativity of GSB students, faculty, staff, and alumni. We do not get to choose our circumstances, but we do get to choose our actions. In this historic moment, I am excited to see what together we will accomplish, and contribute to the world.”
Update: GRE Test now available online!
You can now take the GRE at home, as ETS offers an online GRE test in response to the coronavirus pandemic. Read the full story.
GMAT Online Test will be available by ‘Mid-April’
As coronavirus shuts down GMAT test centers, there are plans to move the GMAT exam online. Find out more.
Canada travel concession for international students
Canada makes a concession to its travel ban for international students, as long as they have a valid study permit or have been approved for a study permit before March 18. Foreign students are anticipated to travel to Canada as planned for spring-term (May) enrolments.
How MBA candidates can make the best of their time in self-isolation
Cara Skikne is something of an admissions expert, and has a lot of advice for MBA candidates preparing their applications while in isolation. She's put together six top tips for our readers. Make sure to check it out!
AACSB finds the silver lining for business schools
The Association to Advance Collegiate Schools of Business (AACSB) has reached out to business schools around the world with a survey to find the positives at this difficult time.
School responses include:
“The crisis will act as a burning platform to encourage more faculty to rethink their approach to technology and to see how it can be used to provide a more engaging student experience. It will also force us to consider alternative forms of online assessment.
“The COVID-19 pandemic has perhaps accelerated the rate of change necessary to move the business school in the right direction, particularly with respect to the development of online and blended degree programs and short courses (micro-credentials).
“Hopefully [we] will avoid worst of the impact of COVID-19. Also, [we] will have more faculty exposed to teaching on-line which, if they have a good experience, may increase the variety of courses offered on-line in the future.”
Coronavirus: 6 Things Every MBA Candidate Should Do
After my brother died, I threw myself into studying for the GMAT.
I had PTSD from eight months of trauma while he battled cancer. The GMAT, in all its complexity, gave me something else to think about in the car, between my desk and the printer at work—in all those in-between moments when I needed the distraction.
I knew that life is unfair and uncertain and messy, and the logic of the GMAT was somehow reassuring. As a friend of mine told me this week: ‘Anxious people need something to do.’
It’s in this spirit that I want to look at how to use your time in self-isolation to prepare yourself for your MBA application. This is not a trite to-do list, but something to focus on in this time of uncertainty.
If you’re prepping your MBA application during the coronavirus (COVID-19) pandemic, here’s six things you should do:
1. Get GMAT or GRE test prep out of the way
Do it now. Your scores are valid for five years. There is enough complexity in these tests to keep your mind active (and hopefully not overthinking).
2. Reach out to people
There could be no better time to reach out to alumni for your business school research. Everyone is craving a bit of human connection right now, and many people have a bit more time on their hands.
It’s also a good time to reach out to professionals if you have questions about what its like to work in different industries, or what advice they might have for you. You should be genuinely curious about another person’s experience and advice.
Be authentic and specific when you reach out and look for commonality. It’s easier to reply to someone who says, ‘I also have a background in Journalism and was wondering if you’d recommend the Oxford MBA?’ than ‘I’m thinking about an MBA. What advice can you give me?’.
3. Explore online courses
This is also a good time to explore. Perhaps you might be interested in social impact investing, or want to learn more about case study interviews, or crisis coms. Use your time now to dabble in different areas, to get a sense of whether they are for you.
For those worried about not being able to demonstrate quantitative skills on their application, it’s also a good time to prove yourself with a quant-heavy course.
Check out: Are Coursera courses worth the effort?
WATCH: Coronavirus Update | Applicant Bulletin
4. Think about your essays
Try this one on days you are feeling a little more optimistic. MBA essays require a lot of introspection. You want to consider the defining moments in your life, who you are, what is important to you and what sets you apart. Keeping a journal could help you think through some of these prompts.
5. Flex your leadership muscles
I wonder if next year’s MBA interviews will include the question ‘What were you doing during the Coronavirus crisis?’ It is hard to pitch in from self-isolation, but it’s possible.
At work, you’ll be adapting to new ways of doing things. In your community, a bit of kindness can go a long way. Step up into leadership roles during this time of crisis. Be a thought-leader for your industry.
6. Stay the course
Your desire for an MBA may seem out of touch amid this crisis, but it is not. The skills you will gain from your MBA will be needed in a world that may look nothing like the world we have seen.
Getting an MBA is not (or it shouldn’t be) a frivolous or vain box-ticking exercise. It’s not only for those who are career obsessed. It’s about having more leadership tools at your disposal, to make more of an impact in whatever industry you are in.
The economic repercussions of this virus are unprecedented, and this world will need people like you to solve new problems.
Coronavirus: GMAT Test Center Closures In India
March 22 Roundup
GMAT testing suspended in India
GMAT testing in India has been suspended in multiple locations including:
Bangalore: M.S. ENGINEERING COLLEGE testing suspended through April 1
Bhubaneswar: KIIT University – testing suspended through April 1
Gurugram: Ansal University – testing suspended through April 1
Kolkata: Brainware University – testing suspended through April 1
Vellore: Vellore Institute of Technology – testing suspended through June 1
Survey shows US universities fear admissions crisis
Indian School of Business closed as students start social distancing
Follow coronavirus news on Twitter
Follow @businessbecause on Twitter and stay up to date with all our latest stories.
Real Coronavirus Stories: Nazarbayev University Graduate School of Business
Jenifer L Lewis, director of degree programs at Nazarbayev University Graduate School of Business in Kazakhstan, and MBA student Olga Sunyaikina, share their stories.
“As with many colleagues across the world, our staff are quickly working to adapt our courses to an online delivery format,” Jenifer says.
Olga had initially planned to complete her Erasmus semester abroad at the University of Applied Sciences and Art in Dortmund, Germany. With countries shutting down their borders to contain the virus, Olga found her plans changing. She’s now working and studying from home.
“I realized it’s much bigger than one person,” Olga says. “It’s about protecting the elder population, people who have respiratory or chronic diseases, and not putting extra pressure on already full hospitals. It’s a very important moment in history and I’m happy to contribute by following social distancing and thorough hygiene.
Jenifer adds that the school faculty is doing whatever they can to support students in their learning with online support.
“Our campus community is coming together in many ways and, although separated by distance, we are truly embodying our NU motto, ‘One university, one team!’” she concludes.