In Hubei Province, the epicenter of the coronavirus disease (COVID-19), and all over China, life is slowly returning to normal.
Across China, hundreds of factories and businesses have reopened. International companies such as giant electric automaker Tesla (TSLA), and multinational technology company, Apple, have opened their stores.
Two months ago the coronavirus pandemic prompted a major lockdown of cities and provinces in the country.
Today, China has recovered and is restarting its economic engines while ensuring the safety of its citizens. With business up and going in China,, now may be the best time to apply for an MBA in China! Here’s why:
What’s going to happen? It’s still very uncertain.
There are very few new cases in China Now
China has managed to reduce the virus considerably after 2 months. This can give hope to other countries that they too can eradicate the virus in 2-3 months. While September intake is 6 months away, it’s possible that the virus will be controlled globally, or at least in the majority of countries globally, by that time.
If you apply now, you will have the advantage over others that may be delaying, as there are less applicants now, it might be easier for you to get admissions. The majority of business schools offer full scholarships in the 1st and 2nd rounds of applications. So, if you apply now, you have a bigger chance of getting a scholarship from some of the most prestigious business schools in China!
The Economy
The Coronavirus has had an effect on the global economy and will continue to do so for some time..
During economic slowdowns, one of the best career moves is to enrich your knowledge and skills. This not only gives you an edge, but it will also broaden your perspective about business during tough times.
For this reason, MBA applicants rise. An MBA is seen as a safe haven, a place to learn, rejuvenate, ride out the storm and graduate when the economic situation improves. You will be able to ‘ride out’ an economic downturn, learn all the hard economic lessons from within the comforts of a business school, and graduate just when the job markets pickup again.
An Insurance Policy
There is a very few easy decisions in life, and while its good to be optimistic, there are always risks.
Its also smart to think of the worst case scenario. If you can accept with the worst case, then you can be also happy out of all possible outcomes.
As a novel coronavirus, it’s unclear how the virus behaves, thus there’s no knowing when this outbreak will end. You can apply as early now. If you decide you don’t want to pursue MBA studies in China, or you are not able to, Chinese business schools are highly understanding. You will be able to defer your application to next intake, or cancel your application before classes begin.
You can least you have the option, and the cost of applying is $130 -$150 USD, which you can consider as an insurance policy in uncertain times.
Best MBAs in China
The growing popularity of MBA programs in China can be credited to the many business schools in the country that have cemented their place globally. From China’s vibrant business environment, a booming economy to a wide range of full business scholarships, there are many reasons to study MBA in China.
Chinese business schools occupy the Financial Times’ top 50 MBA rankings every year. Some of the best performing MBA schools include:
- China Europe Business School (CEIBS)
- Cheung Kong Graduate School of Business (CKGSB)
- HKUST Business School
- Fudan University School of Management
- Shanghai Jiao Tong University: Antai
If you’re still undecided, you can also enroll in the Online Program in Chinese Business launched by the prestigious Shanghai Jiaotong University (SJTU).
With over 100+ topics, the Chinese business online program will cover past, present and future trends of doing business in China. After completing a minimum number of 4 full day topics (24 hours) participants are eligible to be awarded the SJTU Online Chinese Business Certificate. You can apply for the program here.
Obtaining an MBA degree in China can open endless opportunities wherever you are in the world. MBA applications in China are currently ongoing.
You can send your application to China Admissions, and we will liaise with the business school of your choice on your behalf. Visit our site for a list of MBA programs.
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