The Global economic slowdown has impacted employment opportunities after MBA. We have seen the news reports saying that only 7 companies came on Day zero at IIMA placements.
In such situation , an MBA Aspirants must be thinking that whether it is the right time to Pursue MBA ?
To Guide the students on this dilemma , Welingkar Institute of Management Development and Research organized a seminar on the themes “Is recession the right time to pursue an MBA?” and “Analyzing recent events in corporate governance” at Hindu College, New Delhi .The keynote speakers for the seminar were Prof. Kanu H Doshi, Dean Finance at Welingkar & a Chartered Accountant; and Dr. Ulhas Vairagkar, Director of T.I.M.E.
Dr. Ulhas Vairagkar said, “The best time to go for an MBA is when alternate opportunities are less attractive. So, in the time of recession when opportunities are limited, students must pursue the course in which they are most interested irrespective of the economic slowdown.”
Dr. Ulhas Vairagkar also said that MBA Aspirants should consider MBA fees as Investment and not as Expense.
While speaking to MBA aspirants on the current economic slowdown and recession, Prof. Kanu Doshi said, “The recession is marked by the shrinking economy for two consecutive quarters with a decrease in GDP. So, GDP is a crucial indicator of the country’s economy. Other indicators are unemployment rate, consumption rate, demand and supply, etc.”
The objective of Welingkar Institute behind the seminar was to provide proper guidance and make clear picture of the economic slowdown in the minds of MBA aspirants who feel little jittery about pursuing an MBA programme particularly in the time of recession.