The first reason that 2021 is a good time to enroll in business school is that the economy and the job market are still struggling. In 2020, the only major country to experience any economic growth was China—by contrast, most European nations experienced recessions during the past year. The level of unemployment has increased across most major economies, too, with significant drops in the number of job postings. In the U.K., for example, December 2020 saw a 35 percent decrease in job listings compared to the previous year!

During this time, many people have lost their jobs, experienced pay cuts, or been put on temporary leave. Not only are new jobs hard to come by, but at many companies the chances of career progression have stalled during the pandemic. The opportunity cost of not working for a year is probably as low as it is going to be for decades, making this the ideal time for people spend that year pursuing their degrees.

And those who earn their MBAs will be able to step confidently into a workplace that has been permanently changed by COVID-19. Managers and leaders must have very different skills than they needed just a short time ago. They must be able to manage remotely, make decisions based on public health and its impact on their workforce, and adapt business models to an increasingly digitized world.

On a broader scale, future leaders also must know how to deal with external uncertainties and how to seize on opportunities early. They need to understand the importance of social cohesion and the role businesses can fulfill as custodians of societal balance and social equity. These are the sorts of skills that students will learn in their MBA programs. Graduates who acquire these competencies now will be one step ahead of their peers when they re-enter the job market.

So, now is probably the best time to start your MBA journey! But, there are a number of things to consider before you do so. Let’s get started!

Top B-schools 2021

  • The Wharton School

This internationally coveted business school is a part of the University of Pennsylvania and is considered one of the best MBA colleges in the world. Apart from a full-fledged, 2 year-long MBA course, it also offers an EMBA [Executive MBA] with summer internships. Some of the noted Wharton alumni include Donald Trump, Sunder Pichai, and Warren Buffet.

Here are some of the popular MBA specializations you can pursue at Wharton.

  •       Health Care Management
  •       Human Resource Management
  •       International Management / Business
  •       Strategic Management
  •       Banking / Financial Services
  • Stanford Graduate School of Business

Being part of one of the leading academic institutions, Stanford University, the Stanford Graduate School of Business is considered one of the top-notch Business schools in the world. The Calfornia based college, which was founded in the year 1925 offers a full-time MBA as well as a large range of dual-degree MBA programs.

Vinod Khosla, Phil Knight, Jeff Bewkes are some of the resounding alumni of the college. Popular specializations have been given a rundown below:

  •       Brand Management
  •       Operations Management
  •       Project Management
  •       Entrepreneurship
  • INSEAD

With its campuses spread across continents, INSEAD, a France based B-school, offers a 10-month MBA programme that aims to develop successful business professionals, thought leaders, and entrepreneurs. Apart from the core courses, you can choose an elective like Economics & Political Science, Accounting and Control, Organisational Behaviour, etc in order to gain specialised knowledge.

An average GMAT score of 670-750 can pave the way for pursuing an INSEAD MBA. Moreover, you can also choose between a part-time/Executive MBA course. Wopke Hoekstra, Meera Sanyal, and Walter Kohl are some of the renowned INSEAD alumni.

  • MIT Sloan School of Management

Ranked 3rd in the QS Global MBA Rankings 2021, the MIT Sloan School of Management is our notable mention in the list of best MBA colleges in the world.

One of the unique features of the B-School of MIT is the option to choose between MBA Tracks and MIT Certificates. The former is only for those who are pursuing MBA and allows you to select from Finance, Enterprise Management, or Entrepreneurship and Innovation track. On the other hand, MIT certificates like that in Healthcare are open to all master-level students. Furthermore, the school also offers dual degree programs like MBA-Masters in City Planning, MBA-Masters in Public Administration, etc.

  • Harvard Business School

When it comes to the best MBA colleges in the world, Harvard Business School is a much-needed mention. In Harvard’s 2-year MBA, you will also gain practical exposure through their unique field projects and case method programs apart from the course curriculum. Furthermore, HBS also offers joint degree programs like MS/MBA Biotechnology, MBA/Master of Public Policy, MD/MBA, JD/MBA, and DMD/MBA.

  •  London Business School

Having etched its name in the top MBA colleges in UK, London Business School is a revered name when it comes to pursuing Management courses. The UK based school offers a full-time MBA, Executive, and Global Executive MBA for Business Management students.

On average, a GMAT score of 701 is required to take admission. Cyrus Mistry, Justin Greening, and Kumar Mangalam Birla are some of the popular alumni of London Business School.

MBA Admissions 2021 Dates

Ready to apply to some of the top B-schools in the world? Round 2 admissions are going to close soon, so here are the dates:

MBA Program 2021-2022 MBA Application Deadline Notification
Round 1 Round 2 Round 3 Round 4 Round 1 Round 2 Round 3 Round 4
Berkeley (Haas) Sep 23, 2021 Jan 6, 2022 Apr 7, 2022 Dec 15, 2021 Mar 24, 2022 May 23, 2022
Cambridge (Judge) Sep 13, 2021 Oct 18, 2021 Jan 10, 2022 Mar 7, 2022
Carnegie Mellon (Tepper) Oct 3, 2021 Jan 5, 2022 Mar 6, 2022 Dec 8, 2021 Mar 9, 2022 May 4, 2022
Chicago (Booth) Sep 23, 2021 Jan 6, 2022 Apr 8, 2022 Dec 2, 2021 Mar 24, 2022 May 26, 2022
Columbia Oct 6, 2021 Jan 5, 2022 Apr 8, 2022
Cornell (Johnson) Oct 12, 2021 Jan 5, 2022 Apr 12, 2022 Dec 16, 2021 Apr 8, 2022 Jun 15, 2022
Dartmouth (Tuck) Sep 27, 2021 Jan 3, 2022 Mar 28, 2022 Dec 9, 2021 Mar 17, 2022 May 5, 2022
Duke (Fuqua) Sep 2, 2021 Oct 11, 2021 Jan 5, 2022 Mar 24, 2022 Oct 14, 2021 Dec 15, 2021 Mar 16, 2022 Apr 29, 2022
Georgetown (McDonough) Sep 27, 2021 Jan 6, 2022 Mar 31, 2022 Apr 26, 2022 Dec 9, 2021 Mar 22, 2022 May 5, 2022 May 25, 2022
Harvard Sep 8, 2021 Jan 4, 2022 Dec 9, 2021 Mar 30, 2022
INSEAD
London Business School Sep 10, 2021 Jan 6, 2022 Mar 25, 2022 Dec 2, 2021 Apr 7, 2022 Jun 10, 2022
Michigan (Ross) Sep 20, 2021 Jan 10, 2022 Apr 4, 2022 Dec 8, 2021 Mar 18, 2022 May 11, 2022
MIT (Sloan) Sep 28, 2021 Jan 19, 2022 Apr 12, 2022
Northwestern (Kellogg) Sep 15, 2021 Jan 5, 2022 Apr 6, 2022 Dec 8, 2021 Mar 23, 2022 May 11, 2022
NYU (Stern) Sep 15, 2021 Oct 15, 2021 Jan 15, 2022 Mar 15, 2022 Dec 1, 2021 Jan 1, 2022 Apr 1, 2022 Jun 1, 2022
Oxford (Saïd) Sep 1, 2021 Oct 13, 2021 Jan 12, 2022 Mar 23, 2022 Oct 27, 2021 Dec 8, 2021 Mar 16, 2022 May 25, 2022
Penn (Wharton) Sep 8, 2021 Jan 5, 2022 Mar 30, 2022 Dec 15, 2021 Mar 23, 2022 May 20, 2022
Stanford Sep 9, 2021 Jan 5, 2022 Dec 9, 2021 Mar 31, 2022
Texas (McCombs) Oct 12, 2021 Jan 6, 2022 Mar 29, 2022 Dec 16, 2021 Mar 24, 2022 May 5, 2022
UCLA (Anderson) Oct 5, 2021 Jan 4, 2022 Apr 12, 2022 Dec 14, 2021 Mar 22, 2022 May 17, 2022
UNC (Kenan-Flagler) Oct 11, 2021 Jan 10, 2022 Feb 28, 2022 Apr 11, 2022 Dec 13, 2021 Mar 14, 2022 Apr 25, 2022 May 23, 2022
USC (Marshall)
Vanderbilt (Owen)* Oct 12, 2021 Jan 5, 2022 Mar 29, 2022 May 16, 2022 Dec 17, 2021 Mar 25, 2022 May 6, 2022
Virginia (Darden) Sep 9, 2021 Oct 6, 2021 Jan 5, 2022 Apr 6, 2022
Yale SOM Sep 14, 2021 Jan 6, 2022 Apr 12, 2022 Dec 3, 2021 Mar 25, 2022 May 18, 2022

 

 

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