Business degrees courses frequently integrate current events into real-life model problems. Now with the pandemic looming over us, students need such lessons more than ever. What’s more, this isn’t the only pandemic they’ll face. Therefore, knowing how to keep a business running during such turbulent times has become essential knowledge.
These challenges can help students fine-tune a set of skills that will undoubtedly assist the graduates after the pandemic. The concern in question for business students is whether business school is worth the risk or not. But we say the opposite. These classes will ensure that you walk out to a secure, stable profession — even when the world is in crisis!
That said, it’s not like COVID-19 isn’t affecting education and schooling. Hence, through this article, we’ll guide you to the other side of the challenges and the relevance of business degrees in this pandemic.
A New Perspective for the Business Degrees Curricula
If anything, the pandemic is opening our eyes to a new world. Despite all the training and expertise, the business sector is still recovering from a significant blow that COVID-19 has dealt it. Fortunately, most experts are taking this as they should, i.e., a wake-up call to reinforce a new system. One that can handle the situation even in desperate times.
Like in any great teaching opportunity, many universities are launching new courses during this time. Those include information about epidemics and natural disasters and their effect on geopolitics, how to manage a global business in conditions of financial uncertainty, as well as, the state of economics in a pandemic. We consider them to be valuable additions to courses for business degrees.
The Rise of the New Sectors
On the positive side, the pandemic is bringing many businesses to the forefront. Considering how shopping is shifting to digital buying, we see many online retailers leveraging the conditions in their favor.
A few years down the road, business degrees will be focusing on those brands. Students will find out why these found success while others couldn’t. In short, from crisis management to supply chain management, the curricula for business degrees will undergo a change. The same is true for accounting, auditing, customer service management, and, most of all, marketing. There’s no reason to expect a post-pandemic decline if a graduate’s looking at them when choosing a career.
The Post-Pandemic Resilience of Business Degrees Graduates
Business institutes now aim to instill more than just problem-solving skills in business students. This pandemic is teaching us that being prepared for a crisis like this is important. In addition to doing so, not limiting those lessons to a single context is equally essential.
Hence, post-pandemic business graduates will be more informed and proactive than those before them. This is because we now realize the necessity of possessing job skills for succeeding in a post-coronavirus world.
Thinking about the Disruptive Forces Out There
Before now, business schools provide lessons that centre on the concept of disruption. In simple terms, this concept means that a smart businessperson will first evaluate the business marketplace for a vacuum. Then, they will provide services/ products to fill that void. Consequently, they have the potential to transform – or disrupt — society.
Now with the pandemic in full force, there’s more than just disruptive forces out there. The whole situation has been a disaster, and it seems impossible to fathom a way out of it. The pandemic is instilling fear and a worst-case scenario mindset in many people. While such a way of thinking can be beneficial in small doses, it can become limiting when allowed to become out of control.
Incorporating Real-life Practical Examples
As discussed before, business degrees may now present new courses to the students. However, the examples and incidents in those courses may not turn out to be successful. Additionally, we’re still trying to put out the pandemic’s fires. Thus, there’s not yet enough time to extrapolate useful data to find what could succeed.
Many of the things in the new courses will be unique not only to the students but also the teachers themselves. It means that experience from before COVID-19 may not be such an essential tool to either’s success. What they need are critical thinking and innovation abilities.
Where Some Rise, Others May Fall
The market in the pandemic is like the two sides of a coin. On the one hand were brands, such as Amazon, Zoom, Microsoft Teams, etc. They were able to face the challenges. On the flip side were sectors, like commercial real estate, tourism, and transportation. They are still dealing with the aftermath of a severe loss. In short, some businesses remain relevant; others have newly become so. For instance, telehealth is relatively new to the medical world. And still others are quickly becoming obsolete. Ten years or more from now, business degrees will impart knowledge that will give an edge to its recipients. But if students want this information – and future business success – they must enroll!
Use the Decline in International Enrollment in your Favor
Certainly, the pandemic is significantly hindering international relationships. Countries that depend heavily on international student enrollment continue to face considerable losses. It is apparent that it’ll take a long time before things can fully get back to normal.
Until then, universities are trying to attract local students. They want to make the most of the present resources. This is your chance to get those institutions to lower their fees, for instance. Education that wasn’t affordable for you before COVID-19 could now be! For other students who live too far to attend a university, most lessons are now digital. Take advantage of that!
Weighing the pros and cons of business degrees depends majorly on the student doing that math. It is not unexpected that some jobs will no longer remain relevant post-pandemic. We leave you with the facts. Concluding whether a business degree is worth the effort rests on rests on your shoulders. Surely, there are always going to be business professions that will gain popularity. You’ll need to decide if you want to be in the know after the pandemic – or not!