Articles

Hospitality is back on the labor market and seeking MBA graduates after the ‘dark’ age of pandemic

MBA graduates taking roles in aspiring space programs and the growing demand for MBA talents in the aerospace industry We’ve all dreamed about becoming an astronaut at one point in our childhood. Although it mostly ended up as a mere childhood memory, this is becoming a reality or rather an optimistic career opportunity for adequate MBA graduates. Barret Schlegelmilch, a graduate of MIT Sloan in 2018 majoring in both Master in Aeronautics and Astronautics, is one of the epitome examples of the MBA talent taking further steps towards space.

Integration of academic studies and real world experience for a successful MBA learning experience

Although the case study method has received criticism for its shortcomings, numerous business schools still use it as a core part of their teaching for a reason Harvard Business School (HBS) first adopted the case study method in 1921 to allow students to apply theories in practice as they delve into real-world cases.

An MBA Degree that is already considered costly is becoming far more extravagant for the MBA applicants

As economies bounce back globally, job markets are at the heart of a post-Covid recovery Although the COVID-19 pandemic disrupted global labor markets and causing a large increase in unemployment, the MBA labor markets appears to be in a reasonably good shape in 2021. With the global economic recovery underway, job markets are opening doors to career seekers. Yet, the competition for the business graduate remains intense.

A beginning of decades of innovations for our learning experience with immersive personalization Working from home to the rise of Metaverse, Coronavirus became the catalyst to our society for the imminent changes towards virtual reality. This is no different to the world of business schools. After continuous off-campus and online classes, business schools are introducing virtual reality and holograms into their curriculum for MBA students.

Human rights is serious concerns for many cooperates and organizations around the globe within their operation and supply networks Human rights is a key topic around the globe like climate change which is currently at the heat of attention for global organizations. With criticisms for ongoing social issues like mistreatment of Uyghur in China and abuse of child labor across indigenous societies, organizations share burden and responsibility to address such matters.

MBA programs support students to improve emotional intelligence to respond to corporates’ demand for values-driven leadership Christian Dummett, executive director of the London Business School (LBS) Career Center, says that enterprises have lately emphasized the significance of the human side of leaders in motivating employees and raising awareness of wellbeing as well as inclusive diversity.

With groups of minorities, women, and the underrepresented joining full-time MBA courses, Business schools see the growth of international students At the beginning of the Covid shutdown, business schools saw a growth of applications due to the Covid-induced financial turndown that motivated people to upgrade their résumé and career path for when the economy rebounds.

Due to Covid-19 pandemic, a demand for MBA programs have greatly increased, leading to soaring GMAT -Graduate Management Admission Test- scores. For example, for the Stanford Graduate School of Business, the average score of applicants reached 738 this year, compared to 733 from last year. Also, application to Indiana University Kelley School of Business’s MBA course in 2021 has increased 61% compared to application numbers in 2020. This movement is quite different from what was happening in 2020.

Due to the border shutdown and other preventive measures of Covid-19, many harbors and airlines have frequently been closed. Freight handling delays combined with people trying to buy up products had caused a shortage of necessities. In order to gain the supply chain’s resilience back, many companies are trying to remake Supply Chain Management (SCM) strategies.

Business schools originally had deep concerns about the irreversible damage the pandemic could bring to their academic field. However, the latest data tells otherwise. MBAs saw a sharp increase in application numbers, as well as higher average GMAT scores. Numerous schools have also reported that they now have a more diverse student pool with higher enrollment rates from women and minority populations. This indicates that the competition for MBA admissions has become fiercer, pushing students to go beyond what schools used to seek in an applicant.