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 Closes Chinese Business Schools
Chinese business schools will reportedly remain closed until the end of March 2020, as the country attempts to keep the Coronavirus contained. That's after an initial announcement on January 27th by the local government in Shanghai asked schools to remain closed until February 17th.
The announcement affected universities, primary and secondary schools, secondary vocational schools, kindergartens, and nurseries, as attempts to contain the virus intensified.
That includes in Shanghai schools like China Europe International Business School (CEIBS), Jiao Tong University’s Antai College of Economics and Management, Fudan University Business School, and the Fanhai School of International Finance.
There were also closures in Beijing, affecting schools in the city like Tsinghua University’s School of Economics and Management, and the Beijing International MBA (BIMBA) at Peking University.
The initial announcement came in the midst of a week of celebration that saw in the Chinese New Year as well as a strong showing from business schools in Mainland China and Hong Kong in the Financial Times Global MBA Ranking 2020.
CEIBS (5th), the Hong Kong University of Science and Technology’s Business School (19th), Fudan (33rd), Jiao Tong (37th), Renmin University of China, Business School (38th), and the Chinese University of Hong Kong’s Business School (50th) all performed strongly.
How could this affect MBA students?
The first announcement called for all kinds of enterprise in the municipality to resume work no earlier than midnight on February 9th.
That was except those involved in water, gas, and power supplies, as well as enterprises involved in the prevention and control of epidemic diseases. So, the production and sales of medical devices and drugs.
Supermarkets, stores, food production and supply enterprises have remained open, as well as those related to the national economy and people’s livelihoods, the announcement stated.
It added that those who recently returned to Shanghai from key areas of the epidemic could expect health inspection and monitoring.
The extended closure comes as the government tries to control the spread of a virus that has killed more than 1,700 people, more than twice the number of the 2003 SARS outbreak.
The hope is that students will be able to promptly return to business school and there will be no impact on applications to Chinese business schools who, if the latest MBA rankings are anything to go by, are continuing to establish themselves as serious players on the global stage.