Today, we are here to discuss why 2022 is a competitive year for MBA applications.
Table of Content:
- Reasons for 2022 being the most competitive admissions year ever
- 2022 brings hope
- MBA – A future prospect
- Impact of Work from Home
- Role of Lincoln University of Business and Management
2020 has no doubt been a merciless year imposing a mountain of unusual situations on individuals. The unprecedented year has had an impact on every industry, causing a massive economic downturn. And the devastating effects showed up in 2021 as well. The aftermath of Covid-19 could also be seen in the education sector. While schools could cope up with the digital medium shift, colleges and exclusive courses that depend on practical implementation found it hard. Since everything shifted to digital platforms, students began to either defer their applications or drop out of the program.
A hopeful attempt at onsite education and face-to-face learning in 2022 led to a monumental deferral of applications. The case for the ‘most competitive admissions year ever’ is a result of extraordinary occurrences meeting at one point. MBA applications to business schools typically go up when the economy turns down. 2022 can see the largest application turnover in history.
Reasons for 2022 being the most competitive admissions year ever
Considering the speed at which the pandemic set in and the sudden economic and business slump, there is quite a possibility that this year, many business schools will receive record-breaking applications. Admission consultants reported an enormous increase in interest as well as booking by applicants in round one application at the most prestigious B-schools around the world. Indeed, a plethora of schools have seen a surge in the number of applications lately.
The websites that provide updated news of business schools experienced and reported a shoot up in visits. This is yet another sign of increased demand and interest in the MBA program.
2022 brings hope
Recessions have always worked in the favor of business schools. In the spirit of being more qualified and experienced in the candidate crowd, demand for graduate business educations rose.
Additionally, the applications have skyrocketed due to many students putting off their applications to the future. The ability to postpone their enrolment into college is a major contributing factor. Lockdown norms, travel restrictions, difficulty in acquiring a student visa, and studying a hands-on course like MBA online have led to a multitude of deferred applicants.
MBA – A future prospect
Business enthusiasts view MBA as a safe career prospect. They visualize that graduating from business school 2 years from now will mean entering a much more powerful job market than the current scenario.
There are a bunch of smart people who did not think it right to apply in the past years but now will. It would not be surprising if applicants filled forms out of boredom.
One more reason for soaring demand is that many employees have been thinking of pursuing MBA as their postgraduate qualification. But they have also been putting off this thought due to the strong and beneficial business job market. Their return to education postponed ever since will now be executed in reality.
Impact of Work from Home
Well aware of the new normal being work from home (WFH), celebrated companies such as Google and Flipkart have announced permanent WFH until 2022. It may seem like a stepping stone for those already employed but is challenging to the candidates in the market. The same provision allows employers to hire from anywhere across the globe, eliminating all geographical boundaries. Furthermore, this adds competition to an already existing and increasing pool of participants.
Role of Lincoln University of Business and Management
To best prepare and make their students ready for any hurdle, Lincoln University of Business and Management offers world-class learning. Well-equipped practical and observational learning through their MBA programs is mind-blowing. LUBM teaches coursework that is up-to-date and always matches the contemporary business market needs. Through an extensive MBA curriculum, students learn key subjects and crucial soft skills for better chances at employment. Therefore, don’t wait and start filling your application today. Visit our page to choose from an excellent list of programs that will help you prepare for the competition out there. And in case you have any doubts, you can talk to our expert counselor anytime. They will help clear out all your doubts. So, take your first step towards a promising career. Fill in your applications now!