The Importance of an MBA in a Post-COVID-19 World

As more Americans become vaccinated and states open back up, we inch closer to a post-COVID-19 world and all the changes that come with it. Professionals looking ahead to this new reality and seeking some certainty should consider investing in a Master of Business Administration (MBA) program.

Why Invest in an MBA?

A survey of nearly 700 global corporate recruiters revealed that the top three skills essential to navigating a post-COVID-19 world successfully are:

  • The ability to manage strategy/innovation
  • Tools/technology capabilities
  • Interpersonal skills

The pandemic proved the importance of having leaders versed in a hybrid of soft and hard skills to lead employees effectively, whether in or out of crises.

The University of Louisiana Lafayette’s online MBA program offers prospective students a thorough business education with a curriculum that connects concepts like quality management, ethical considerations, international dimensions, technological applications and business community involvement. The B.I. Moody III College of Business Administration is accredited by the Association to Advance Collegiate Schools of Business, meaning students learn from a faculty and curriculum “synonymous with the highest standards of excellence.”

Graduate business programs have gained a reputable track record for definitively arming students with the skills needed to thrive professionally today and beyond. MBA courses integrate various real-world scenarios into coursework to provide students with the perspective and innovation to handle any circumstance.

For this reason, employers value candidates with an MBA degree. In fact, nearly 90% of global corporate recruiters feel confident in graduate business schools’ ability to prepare prospects for career success.

What Is the Return on Investment of an MBA?

As the landscape of the business workplace continues to shift after the pandemic, the desire for professionals to upskill has increased. Investing in talents that can ensure career longevity will prove fruitful in more ways than one. Some of the skills gained from an MBA program that employers find both profitable and critical to long-term business success include versatility, strategic thinking, effective communication skills and strong leadership abilities.

The Graduate Management Admission Council’s 2021 Prospective Students Survey showed that the number of MBA applicants increased by as much as 50% compared to recent years. Over one-third of prospective candidates cited the skills gap as their primary reason for applying.

While earning an MBA also affords professionals the potential for increased job opportunities and salaries, the ROI can be much more. The transferable skills gained, industry understanding and the extensive network built over time stay with graduates over their careers. In a post-COVID world, that kind of foundation can help provide solid ground in changing times.

Learn more about UL Lafayette’s Master of Business Administration – General online program.


Sources:

AACSB: Who We Are

Business Because: Coronavirus Impact on Business Schools

Graduate Management Admissions Council: Prospective Students Survey

MBA.com: Business Skills Employers Want in a Post-COVID World

U.S. News & World Report: The Relevance of an MBA Education During the COVID-19 Crisis

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