5 Events Which Shocked Business Schools In 2020

This article was originally published at https://www.businessbecause.com

Undoubtedly the biggest story of 2020, it seems as if COVID-19 has left no area of our lives untouched. 

Business school candidates felt the impact of COVID-19 no matter where they were in their b-school journey, from application to admissions to courses in progress. Even recent graduates approaching the job market faced a dramatically changed landscape.

Rarely has a year given us as much to process as 2020—and yet the coronavirus pandemic was not the only challenge business schools were faced with this year.

Here are five events which shocked the business school world in 2020:

1. Coronavirus

By March 2020, a third of those who’d already been accepted onto MBA programs were considering deferring their degree due to coronavirus, and many were deterred by the risk of committing so much time and money during such an uncertain time.

Meanwhile, coronavirus was rewriting the MBA application process. Some schools waived GRE and GMAT scores altogether. Schools shifted admissions deadlines and even starting dates for their courses, while ditching campus visits and moving the interview process online. Several even worked to formulate conditional offers for students in changed circumstances.

Budgets were cut; campuses closed; recruitment, internships, and admission events transitioned online; faculty had to learn new online methods of delivery. Coronavirus impacted the entire business school ecosystem in 2020 and the changes schools have made may impact the business school experience for many years to come.