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The coronavirus pandemic is disrupting business schools and students globally.
COVID-19 is closing campuses, disrupting study schedules, and creating a challenging environment for anyone considering an MBA or business master’s degree.
But there’s also a bright side to the coronavirus outbreak, with business school students and staff coming together to support each other through the crisis.
Here, we update you daily about the impact of coronavirus on business schools, pooling the best information from social media channels and b-school websites, and linking to useful resources on BusinessBecause, so you can find everything you need to know in one place.
Latest news summary:
LBS Alum Heads Up OECD Efforts In Tackling COVID-19
Laurence Boone is chief economist for the Organization for Economic Co-operation and Development (OECD) and an alumnus of London Business School (LBS).
“As the virus spreads around the world, co-ordinated and synchronized monetary and fiscal action will become more and more important,” Laurence warns.
Staying connected in a pandemic according to EMERITUS
Global online education company, EMERITUS, is reaching out to business schools around the world to offer advice as they move all content and resources to online platforms.
“The good news is that online training can deliver learning outcomes, while providing the human connection, engagement, interactivity, and flexibility that learners need today,” says senior director of enterprise, Jawahir Moraji.
“To help institutions think through the challenges and opportunities inherent in online education, we are sharing guidance from our talented team of learning professionals,” Ashley Chiampo––senior director of learning––adds.
Google moves summer internship program online
EDHEC Professor hosts online plank-off!
Imperial’s Sustainability Conference moves online
Imperial College Business School is virtually hosting its annual conference for the first time. Beyond Sustainability: Radically Rethinking the Purpose of Business includes the following key speakers:
Mike Coupe, CEO of Sainsbury's
Keith Tuffley, Global Co-Chair, Sustainable Banking & Corporate Transitions group at Citi
Katie Brewis, Head of Sustainability at Google EMEA
Andrew Jack, Global Education Editor at the Financial Times
Professors from major US business schools sign open letter to Congress
President Trump has announced Congress would be budgeting $2 trillion to mitigate the economic impact of the Novel Coronavirus outbreak, supporting large corporations––such as airlines. In a live webinar to discuss why these financial academics penned the letter, professors from Stanford GSB and MIT Sloan voiced their concerns for the taxpayers who would have to foot the bill.
Stanford GSB professer, Anat Admati, calls it a “deeply misguided policy”.
“Bailing out corporations is actually bailing out investors,” her colleague, Jonathan Berk, explains. “Taxpayers are subsidizing investors.”
The open letter has been signed by over 150 leading economists and business school faculty all over America.
Darden introduces additional flexibility to admissions process
The University of Virginia’s Darden School of Business is introducing more flexibility for candidates applying to the Full-Time MBA program starting in 2022.
The school has now transitioned to rolling admissions until July 15 2020 for final rounded applications. Due to disruptions to standardized testing facilities, Darden will now accept an expanded set of testing credentials––such as undergraduate entrance exams.
“Our message to prospective students is one of caring and flexibility,” says executive director of admissions Dawna Clarke. “We know how stressful applying to business school can be in the best of times; in a time of unprecedented disruption, we stand ready to work with applicants to make this process as flexible as possible.”
UNC Kenan-Flagler Business School debates the knock-on effects of COVID-19 pandemic
The Kenan Institute of Private Enterprise at UNC Kenan-Flagler Business School recently hosted a panel of their faculty experts to share their thoughts on the COVID-19 pandemic that is rocking the global economy. The conversation that took place is recorded and available.
They focused on:
Working while sick and stressed
Global economic and financial market implications
The nation's 'working poor' and how this impacts them
Managing personal finances
Infrastructure and procedures to keep operations running while prioritizing employee safety.
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