Coronavirus delaying MBA programs?
will the coronavirus outbreak delay the start of MBA programs or completely hamper recruitment ? worst time to start an mba? from an incoming mba candidate.
This is interesting - hadn't thought about this. Could affect internationals relocating for sure. Curious to hear what others say.
Unless Trump extends the ban of foreign nationals entering the country to beyond Iran, don’t think it’ll impact the start of MBA programs or internationals relocating to the US - provided they still want to.
The corona virus may have the following impacts on MBA programs:
More long-term, here's what I see in my crystal ball:
Most importantly, if the virus continues to hurt the global economy and it sinks into recession, then application volume will increase as young professionals see less opportunity on the job or increased layoffs. They may also feel that two years of b-school is a great place to ride out the economic storm while improving their skills and advancing their career.
Combine this development with the increasing number of schools that have STEM designation, and next year will reverse the declining application volume trend that U.S. MBA programs have experienced over the last 3 years. How far down the MBA food chain/rankings this will go? Sorry, my crystal ball is too cloudy on that one.
This is some serious doomsday stuff.
Still the same? I figure MBA market will be out this year. US govt fucking it up - US bschools wont see many admissions and more deferrals- also VISA issue would be a problem , plus the issue of safety - who would go overseas when his/her country is more safe iimore
This.
US embassies are no longer working on or issuing non-essential visa. From March 20 for the foreseeable future.
Source: https://travel.state.gov/content/travel/en/News/visas-news/suspension-o…
Therefore international students won't be able to obtain relevant visa and also can no longer travel. Travel itself is disrupted to almost all destinations, so even a visa might not help.
Anything possible but I think the default expectation has to be a solid no.
Both the severity (mortality rate) and spread rate (r-naught) have been overstated initially and are coming down. A month ago, people said r-naught of 4+ and mortality as high as 10%. New estimates are r-naught of 1.52 and mortality of 2%. I've been talking to some of the sharper medical research folks and my best guess it will still come down further than that . . r-naught gets to the lower-1's in the US very soon, and mortality settles in around 0.5% with heavy skew to older folks.
Separately, I've noticed another severity measure - ICU rate - coming down too. A week ago the estimate was 20% of all infections, now in Italy we're seeing only 10% and that's supposed to be one of the worse situations.
I'm not a professional but I've been fairly diligent about sourcing the most logical insights from professionals and filtering out poorly supported ones. So I'll call myself a decent messenger at least.
At these numbers, its still about as contagious as flu and 5x as deadly, but for a student population it doesn't seem that it would be dangerous enough to prevent the start of school. Precaution always sounds easy, but people's life plans are important too. Delaying the start has real costs for lots of stakeholders and my gut is that you need something more dangerous than this to delay it
Interested to hear other thoughts.
Man . . what a difference a month makes. Obviously, much of what I said above is now obsolete as US hasn't been too successful and we have tons of uncertainty.
I was on conference call Q&A today with one of the leading experts and he said he's still hopeful that schools will be open in the fall but we can't take it for granted. Depends on how things go.
I'm an incoming student to a top European MBA whose student body is typically 85% international... so this whole issue has been a big concern for everyone in my class. Fortunately, it looks like consulates and embassies are mostly operating for my school's country and they are also still providing visas. Hopefully this doesn't change.
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