One of the best programmes that is both an investment of time and money is an MBA. So, if you are wondering if pursuing an MBA in a post COVID world is worth it, then you are asking yourself the right question.
Here are some top reasons why you might want to go for an MBA right now
The thing to do during a recession is to arm yourself with knowledge, skills and a qualification. As the world opens up and manufacturing picks up, economies are starting to bounce back a little. China, for instance, the world’s second-biggest economy, has fired up its factories again. Its factory activity expanded at a fast pace in August. This is not to say that everything will be magically alright immediately – it will take a while. But in that time, you could immerse yourself in education and prepare for the road ahead.
The most irreplaceable benefit of doing an MBA abroad is the global exposure that it offers. Getting to learn and interact from a class that has representatives from across the countries gives you not just exposure but also a ‘global’ networking opportunity. This will gain you insights on how things operate across the globe, thus helping you understand and handle better any global issues that may come your way.
More than this, it is the global network you build with people from different background and countries.
Most global business schools focus more on practical approach, i.e. interactive and experiential way of learning. To ensure a hand-on learning, internships and projects are frequently initiated which also further help the student apply the theoretical knowledge into actual practices. Today, these internships have moved into a virtual format.
Having a more diverse group also promises more valuable insights.
A high-quality global education gives your personal growth a push as it exposes you to a new culture and lifestyle. It broadens your horizon and lets you think holistically, and look at problems from a new perspective. Your experiences will also help you become more independent and explore more window of opportunities.
Choosing a great MBA programmes may cost you a considerable amount, but it does give you an ROI. The salary may, of course, differ from one industry to another, from one specialisation to another, and one country to the next. For instance, the average MBA salary for MBA graduates in the US in 2019 was recorded at $134,991 (U.S. News & World Report and Poets & Quants), i.e. approximately ₹99,08,676.
Aside from the salary perspective, choosing an MBA abroad gives your resume a feather in the cap and makes your prospect in the job market much higher.
| Country | Approx. Cost of study |
| France | Starting from €14930 to as high as €89000 (approximately ₹12,33,000; ₹73,49,000). |
| Netherlands | Starting from €12,000 with exceptional few universities that charges up to €54,000 (approximately ₹9,91,000 to ₹44,59,000). |
| Germany | Ranges from €19000 to €45000 depending on the type of institutes, programme (₹16,53,000 to ₹39,15,000) |
| China | Ranges from RMB 188,000 to RMB 438,000 (approximately ₹20,13,000 to ₹46,90,00). |
| Switzerland | Ranges from CHF 28’500 to as high as CHF 70’000 (approximately ₹22,14,000 to ₹56,54,000) |
| Canada | Ranges from $40,000 to $61,995 (approximately ₹21,59,000 to ₹33,46,000) |
| Ireland | Estimated at €12500 to €34,700 (approximately ₹9,86,000 to ₹28,52,000) |
We have to find ways of riding the pandemic and planning for an MBA may be a good strategy right now – as business schools across the globe try to adapt to the new paradigm shift and make the degree more relevant to the current job market.
Also, here’s a great piece we wrote earlier on the most affordable places to pursue an MBA. Hope this helps.
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