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
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||–||–|
|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|
|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||–|