What's happening in the world of MBA? What are the latest updates around MBA admissions in India, the impact of Coronavirus on MBA, placements at top IIMs and other b-schools? InsideIIM's new segment - MBA Weekly News - brings to you all updates from the world of MBA in under 5 minutes. These are the top-5 updates from the week gone by:
1) #IIMAhmedabad, #IIMBangalore Release Final Shortlist For Admission To Two-Year MBA Program (00:45):
IIM A and IIM B have become the first IIMs this year to release results for admission to their two-year flagship MBA programs. 0.2 percent of all CAT 2019 test-takers made it to IIM Ahmedabad's MBA Class of 2022.
2) IIMs Adapt To Coronavirus Lockdown, Take Their Courses Online (01:17):
IIM Ahmedabad and Bangalore commenced their executive #MBAProgramsOnline in May 2020 due to the Coronavirus lockdown. IIM Calcutta also shifted its residential one-year MBA program temporarily online. IIM Udaipur launched 18 online management courses for its Class of 2021, and IIM Kashipur has conducted trimester exams digitally for its second-year students.
3) AICTE Bars Affiliated B-Schools From Hiking Fees For The New Academic Year (02:29):
AICTE has barred affiliated business schools from hiking their fees for the academic year 2020-2021, and have also asked b-schools to not charge advance fees to students.
4) More Elite US Business Schools Get STEM Certification For MBA Programs (02:54):
As international applications to top global business schools dip, Coronavirus presents a steeper challenge for b-schools to overcome. More elite universities like Yale, Stanford, Columbia, MIT, Northwestern have gained STEM-certification for MBA programs in 2020. This is in a bid to attract international students and also offer electives that provide in-demand skills of the present and the future.
5) Uber Cancels Pre-Placement Offers At India's Leading B-Schools (03:31):
Uber has unfortunately cancelled pre-placement offers at India's leading business schools, as confirmed through a source. Uber recently announced a 14% reduction in staff across the world after the company's operations took a hit due to the Coronavirus induced lockdown across the world's major markets.
You can also watch: