Why Global MBA programme became popular during the COVID-19 lockdown?

The coronavirus pandemic has hit the world’s economy poorly. During the COVID-19 lockdown, businesses constantly remained in headlines for laying-off and furloughing staffs, globally. Most of the businesses has put the hiring of new employees on hold till early 2021. As coronavirus infections spiked in parts of the world, the labour market witnessed a subsequent downfall in the employment ratio. The glimpse of unemployment rates, job prospects and recession pushed aspiring youths to turn pandemic into an opportunity. Individuals started focusing on job creation rather than seeking it. The determination of becoming entrepreneurs among the aspiring candidates and gaining insight into the global business environment led to an increase in demand for the Global MBA programmes.

Despite the current negativity swirling around the economy, MBA aspirants targeting jobs in industries have put their plans on hold and decided to look for alternative career opportunities with the Global MBA degree.

See also  Top 5 Necessary Skills for International Business Success

What is the Global MBA programme?

An 18-month degree programme, the Global MBA focuses on developing an individual’s business skills and preparing them for working in an international environment. The programme focuses on developing a deep understanding of students in marketing, finance, operations, and leadership. Students who pursue this degree, learn to seek out business opportunities across the world and to manage the complexities of doing so.

Who should pursue a Global MBA degree?

If you are passionate about running your world-class organisation, this degree is the perfect match for your dream. The Global MBA programme is designed for ambitious students who are passionate about establishing their own business.

What are the benefits of the course?

The Global MBA programme will master the transferable skills that can boost your career and help you achieve your goals. These skillsets will further enable you to deal with challenges strategically in the contemporary international business environment.

See also  Why you should get the SAFe® Agilist Certification!

Current scenario

As the applications for business schools tend to be countercyclical, it has been found that more people apply for MBA programmes when the economy recedes, and fewer people apply when the economy is strong. 2020 is no exception to this trend.

Data by the Graduate Management Admission Council (GMAC) has revealed that half of the business schools witnessed a fall of 3.1 per cent in overall applications in 2019.

In striking contrast, 67 per cent of the B-schools saw an increase in applications in the year 2020. GMAC which tracks demand for MBA and master’s programmes also revealed that the total volume of applications to global business schools increased by 2.4 per cent.

At this time of year when the world is still reeling from the impacts of the pandemic. Both academics and employers are questioning if they can prepare students for complex problems in a world that seems to be more multi-disciplinary. However, there are a few of the renowned B-schools in Germany that helps students to grow in studies and career whilst introducing them to the flourishing German business world.

See also  Why Invest In Your Child’s Early Childhood Education

Through the Global MBA programme, business schools in Germany help in increasing the self-confidence of the students while developing essential soft skills. This programme helps you in upskilling your professional standards and clearly communicate your ideas to both specialist and non-specialist audiences.

Still, wondering? Expose yourself to the dynamic international business environment and start your own business by building a professional network that reaches all corners of the globe just by pursuing this coveted degree.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts