Due to coronavirus pandemic, the world economy is in the face of a devastating economic impact and has entered the worst recession. IMF Managing Director Kristalina Georgieva has told reporters on March 27, 2020, that the world economy has entered a recession as bad or worse than in 2009. As the global recession is now very predictable, there is a most pertinent question in aspiring MBA candidates, “Is it the right time for an MBA?”.
MBA Colleges in Delhi NCR A more conventional though of school will suggest that recessions or economic downturns are the times when the MBA applications rise. As recession often leads to increasing unemployment or perhaps in more refiner terms, fewer new opportunities. It, therefore, hinders the job jumps and switches that would have otherwise happened in a growing economy. Hence, people flock to higher education institutes to add value to their CVs and augment their skills and learnings.
Rating agencies like S&P and Moody’s stated unanimously that the Covid-19 pandemic will be an economic tsunami for the Indian economy as well. On March 27, Moody’s Investors Service sharply slashed its projection for India’s GDP growth in the calendar year 2020 from 5.3% to merely 2.5%.In such a scenario it’s quite natural for MBA Applicants, who are students or working executives, to ask the question – Is enrolling into an MBA in times of slowdown and recession a good idea?
In times of slowdown, the placement in top engineering colleges including IITs, NITs and other institutes is also down. This is a good opportunity to take your career to the next level by pursuing an MBA during the recession. The Indian economy will be hurt by the current economic slowdown. So, instead of looking for a job, it will be better to improve your profile, add new skills by pursuing MBA Colleges in Delhi NCR an MBA with your preferred specialization. MBA is the best program to make you learn this with practical training.
But the economic cycles are bound to rebound with high growth prospects after the recession phase is over. By the time one will complete his/her MBA, Indian economy will be back on track. Also, if you are a working professional and can get a sabbatical/study leave from your organization, go for it and complete your dream of doing MBA and get a better career opportunity in your existing or other organization. For fresh graduates, this is a great opportunity to enter into MBA Colleges in Delhi NCR and earn the coveted MBA qualification.