“Contingencies Expected Post COVID 19 Resurrection” says Prof. I.M. Pandey, DG, Delhi School of Business
Impact of COVID 19 on Prospective Admissions - Keeping in view the COVID 19 pandemic, we can not overlook the brunt it has had on the world. “Future of any business or economy depends on strategies planned today, Irrespective of economic recession or growth” says Prof. IM Pandey. Post-Graduation in Management is a programme which trains corporate professionals on the nuances of doing business, not for short term profits alone, but for sustained returns and long-term growth of firms. Whereas the Skills for effective strategic planning for a sustainable profit and growth is a key take away from an MBA programme. Thus, an MBA programme is always the need of business professionals irrespective of the economic conditions. In an exclusive interview with Careers360, Prof. IM Pandey, who is DG, Delhi School of Business-VIPS TC and was a Former Professor in IIM Ahmedabad highlights the impact of COVID 19 on admissions, government agenda, domain wise efficiency as well as the opportunities available to candidates.
Consequences of COVID 19 Lockdown
Given the extreme and rare stress that the global economy is in due to the COVID 19 pandemic, it is worth pondering on whether MBA is the right choice for a student who is aspiring for a corporate career. The economic consequences of COVID 19 induced lockdown in India are estimated to be a loss of about ₹25-30 lakh crore and growth is estimated at 1-2%. What will happen to businesses in India? Will they survive? Will people retain their jobs? The related question is should students invest in MBA programs? What will be their job prospects?
Government Response- Post COVID 19
“After the crisis of COVID19, the topmost agenda of the government would be economic revival and especially for the MSME sector as it holds maximum contribution to the national economy. Government has already made cash available in the hands of farmers, unemployed and rural folks. After the lockdown is relaxed or lifted, more resources are expected to be made available in the hands of the people to enable them to spend on goods and services. This will help to boost demand – an essential condition for revival of the economy” says Prof. IM Pandey.
Large companies will be able to revive much more comfortably compared to MSME firms, because of their sheer size, reserve resources and volume of operations. White goods companies may face temporary problems, but to begin with, they will depend on their reserve liquidity, take less profit and will retain workers. This will help them to gain the loyalty of their employees. They will adopt innovative approaches to do business. They will deploy their resources skillfully and strategically and adopt cost reducing techniques. As demand starts picking up, the loyalty of employees will pay off and they will work for more hours in a week. This sector will be slow for about a year or so. But it will revive and pick up speed.
Food and Pharmaceutical companies are already in operation. There will be further surge in their businesses as lockdown is lifted. They will use more IT related automation. E-commerce is expected to pick up further as people would like to shop online more. Telemedicine may be introduced in India and may pick up as people would like to consult doctors online.
Information Technology is a sector that has seen increase in demand even during lockdown and will see further growth in their businesses as more and more companies and educational institutes will introduce IT-related automation.
Real estate and Manufacturing will be given immediate momentum by the government's investment in construction and infrastructure to bring the economy into immediate and accelerated revival. Fresh capital would be infused in these sectors to boost their revival. By the time these benefits nurture these sectors and resuscitate them, there would be a need for more blue-collar and white-collar employees.
This implies that all sectors would be given the necessary impetus by the government to give full throttle to the economy which has long been strained because of a very fragile financial sector. With this impetus and stimulus package from the government, there would be a surge in the need of professionals who would need to think innovatively to lead businesses out of the grey and shadowed period of COVID-19.
All sectors will demand more qualified- MBAs and Engineers - to cope with increased demand within a period of one or two years. Prof. IM Pandey expect great opportunities opening for India because of the successful handling of the dreaded COVID 19. It may not be wrong to predict that many multinational companies may shift their businesses from Europe and China to India, given its resilience in handling a pandemic which hit the developed countries much harder compared to India.
Given this scenario, it is predicted that there would be incremental demand for MBAs and Engineers over the next two-three years and hence it is an ideal situation to be exploited by students wherein they can prepare themselves to grab the opportunities that will strike them in a year or two. Hence this proves the already existing significance of an MBA Program more so in the post COVID-19 resurrection era.
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Questions related to Vivekananda Institute of Professional Studies Technical Campus, Delhi
I have 69.5799% in CMAT. in my b.sc. 57%,12th 78%. 10th 80% . Should i prefer for delhi school of business or any other college?
As per your percentile, you can get a call from delhi school of business. Delhi school of business has a cmat cut off of 72, so to be on a safer side You can try for getting into following college as well on the basis of your cmat percentile:
- IIMS Pune: International Institute of Management Studies
- Vishwa Vishwani Hyderabad: Vishwa Vishwani Institute of Systems and Management
- EMPI Business School, New Delhi
- Jaypee Business School - JBS Noida
- Lexicon Management Institute of Leadership and Excellence
- Accurate Institute of Management And Technology
- Birla Global University, Bhubaneswar
- apeejay school of management
where should i take admission jaipuria school of business, iilm , ndim, fiib or dsb?
For getting admission in an B-School for MBA , top institutes will offer good facilities with good placement package.
- From my opinion IILM is the first choice, beacuse of its placement package and facilties.
- Jaipuria school of business is the second choice ,the institute has good placement records.last year placement was above 80%.
- FIIB also has good placements, last year highest salary offered was 14.5 lakh.
- NDIM, also has good placents with highest last year was 16.5 lakh and almost 100% placement.
Hope this will help you for choosing a collage of your choice.
I am doing BSC in zbc from dsb campus ,do IAM eligible for Aligarh Muslim University msc enterance exam in biotechnology and microbiology???
Yes u r eligible for entrance exam for AMU for getting admission in microbiology nd biotechnology because u have completed ur graduation (bsc) in zoology so after completed graduation from any of the biological subjects u will be eligible to do Msc in biotechnology nd microbiology.
I have filled iit jam exam form ,but IAM doing BSC in zbc from dsb campus ,do I am eligible for this exam ??
As per the eligibility of IIT JAM, The candidates who are pursuing qualifying examination must make sure to submit proof of passing the qualifying examination to the institute by the last date.
You can check the further eligibility to apply for the exam to go through with the given below link.
Does Delhi School of Business accept NMAT by GMAC scores? If yes, then what is the cut off?
No the Delhi School of Business doesn't accept it.
For the admission, the candidate need to satisfy below criteria :
- For admission to PGDM course, candidate must posess a graduation degree in the relevant discipline.
- Admission to the PGDM is done on the basis of marks scored in CAT , GMAT, XAT, CMAT or MAT examination.