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International students wonder if U.S. business school worth it in coronavirus era

BUSINESS
By Reuters | May 31st 2020
Uris Hall is seen at Columbia University during the outbreak of coronavirus disease in Manhattan, New York, US. [Reuters]

This summer, dozens of incoming students at New York’s Columbia Business School had planned to sail around the coast of Croatia for a week to get to know each other. Instead, they are chatting online and playing icebreaker games on Zoom.

With the coronavirus still spreading, social gatherings like the sailing trip organised by students are on hold, and there is a good chance that when school starts in September, many classes and events will be held online.

Columbia and other elite US business schools like Harvard Business School and the Wharton School at the University of Pennsylvania have said they will likely move to a “hybrid” model of virtual and in-person learning.

It is a far cry from the typical MBA experience which features close contact with fellow students, in-person networking events, trips overseas and lunch sessions with CEOs.

The changes have some students reconsidering the value of a degree that can cost upwards of $100,000 (Sh10 million) a year in tuition, housing and other fees.

International students, who make up roughly 35 per cent of the student body at most elite US business schools, are particularly unsure about the decision.

“The virtual environment might take away a chunk of the MBA experience,” said a 27-year-old student from China who was admitted to Wharton and is considering whether to defer for a year.

“That’s what a lot of people including myself are thinking through now,” said the student, who declined to be identified because of concerns about his visa status and employment prospects.

Education upended

The United States has been hard hit by the coronavirus outbreak, with more than 1.7 million cases and over 100,000 deaths. Higher education has been upended with most schools sending students home in the spring and moving classes online.

The US hosts over a million international students at its higher education institutions, according to the State Department data. International candidates account for 36 per cent of people who enroll in full-time US MBA programmes, according to Graduate Management Admission Council, an association of business schools.

If institutions do not resume in-person learning, enrollment, particularly among international students, is likely to take a hit, according to a GMAC survey.

Only 43 per cent of the international MBA candidates surveyed said they planned to enroll if programmes begin online. Forty-eight per cent of them indicated they would defer in that scenario.

Covid 19 Time Series

 

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