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eleman
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Schools: LBS MiM "23 HEC MiM "24 Imperial INSEAD MiM "23 ESSEC MiM "24
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Impact of coronavirus on Class of 2022 MiM & MSc Finance applicants 14 May 2020, 09:40
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Hi everyone,

I'm currently finishing my second year of undergrad degree and I'm planning on applying for one of these master programmes in autumn (targeting top UK schools). Due to the problematic job market, I would tend to think that more people will apply for masters now, making these programmes even more competitive. I presume that prospective applicants will also have more free time on hands, meaning that they will spend more time preparing for the GMAT, for example. On the other hand, I believe applications from foreign students will decrease but only by a small, negligible amount.

What's your opinion on this? What do you think will change for the 2021 intake?

El
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Impact of coronavirus on Class of 2022 MiM & MSc Finance applicants 14 May 2020, 10:44
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I have seen a definite increase in traffic on my site and I agree, economic uncertainty increases demand for graduate degrees. GMAT scores, I don't know. I expect them to decline and not be particularly important for some programs. Online GMAT's are not the same as in person.

Something else to consider. A lot of students in these MSF programs are foreign. With travel restrictions around the world, applicants might not apply to outside of their country programs. In the US this is occurring. I would expect online learning to be a bigger part of many of these programs, something that might dissuade students as well.

There will be various pros and cons that come out of this, but I would call this an overall negative for MSF programs (and other graduate programs as well).
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eleman
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Schools: LBS MiM "23 HEC MiM "24 Imperial INSEAD MiM "23 ESSEC MiM "24
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Impact of coronavirus on Class of 2022 MiM & MSc Finance applicants 15 May 2020, 06:45
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MSFHQ
I have seen a definite increase in traffic on my site and I agree, economic uncertainty increases demand for graduate degrees. GMAT scores, I don't know. I expect them to decline and not be particularly important for some programs. Online GMAT's are not the same as in person.

Something else to consider. A lot of students in these MSF programs are foreign. With travel restrictions around the world, applicants might not apply to outside of their country programs. In the US this is occurring. I would expect online learning to be a bigger part of many of these programs, something that might dissuade students as well.

There will be various pros and cons that come out of this, but I would call this an overall negative for MSF programs (and other graduate programs as well).
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As I was suspecting! Thank you very much for your opinion.
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Impact of coronavirus on Class of 2022 MiM & MSc Finance applicants 16 May 2020, 15:17
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eleman
Hi everyone,

I'm currently finishing my second year of undergrad degree and I'm planning on applying for one of these master programmes in autumn (targeting top UK schools). Due to the problematic job market, I would tend to think that more people will apply for masters now, making these programmes even more competitive. I presume that prospective applicants will also have more free time on hands, meaning that they will spend more time preparing for the GMAT, for example. On the other hand, I believe applications from foreign students will decrease but only by a small, negligible amount.

What's your opinion on this? What do you think will change for the 2021 intake?

El
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It's great that you are a rising 3rd year undergrad and already thinking about graduate school. It's also great that you are 2 years out, because depending on where you are from, this might be relevant for how likely you are to be able to physically travel to the U.K. for school when the times. The top MiM & MSc schools in the U.K., including Oxford, Cambridge, London Business School and London School of Economics, and Imperial College are all rather up in the air in terms of whether candidates from all geographical jurisdictions will be able to physically attend in the fall. It is possible that certain areas with high viral infections won't be allowed to travel to the U.K.

We have seen an uptick in interest in graduate school generally and MBA and other non-MBA masters in particular. This may be because higher ed, especially at reputable institutions, can be interpreted as a lower risk strategy than staying at a company that might suffer lay-offs or embarking on a fruitless job search because of the covid-related recession. Additionally, and of special consideration for you given your interest in MiM and MSc programs, it may be that people who would ordinarily be interested in an MBA 4-7 years post-undergrad may instead do a MiM or MSc right after college (since the type of jobs that get you into a top MBA program like management consulting, bulge-bracket banking and working for global multinational corporations) might be harder to get also.

GMAT and GRE for accepted students at top U.K. schools may tick up slightly given the competition, as may undergrad GPAs. Since you still have plenty of time, you should attempt both the GRE and the GMAT to see which one you favor. Most schools accept both. In general, academic and testing stats are more important to MiM and MSc than MBAs since candidates usually don't have as much work experience. Since you are still in college with another year before you apply, you should consider adding extracurriculars that demonstrate real *leadership* to your resume. The top masters programs in the U.K. will expect to see those. Think - president of academic or special-interest clubs at school, running for a board or officer seat for a non-profit you may be involved with as a volunteer, etc.

If a free consultation might be helpful to you as you consider your options in light of the corona virus crisis, or if you have specific question about your strategic positioning, feel free to sign up for a free consultation here: https://admissionado.com/free-consultat ... sultation/