What is the current mood amongst MBA aspirants? Are the graduate students keener to do an MBA or has the interest precipitated post the pandemic?
It would not be an exaggeration to say that MBA has been one of the sectors least impacted by the pandemic. The biggest indicator for this is the number of CAT applicants. CAT 2020 saw a drop of only 16,000 from 2019 – a drop from 2.44 lakhs to 2.28 lakhs. One of the reasons for the MBA scene not being impacted much by the pandemic is the duration of the MBA program. Students can see that things such as economy or public health would bounce back from the depths they have fallen to and may even rebound to much better levels. This is more than a fair assessment of things and we have already started to see some indicators of such things being in the offing. Students preparing for MBA in 2020 and entering into MBA programs in 2021 would graduate in 2023, by which time things would hopefully and very likely be much better than they were in 2020.
How are various business schools coping with the new post-pandemic world in your view?
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