Some business schools are waiving GMATs as a requirement
- Many elite MBA programs have relaxed their exam requirements because of the coronavirus pandemic.
GMATwon't be required at many schools in 2021 either, as schools grapple with an economic reckoning.
- University programs across all levels have begun to re-think testing requirements in recent years, and the pandemic could accelerate those changes.
The coronavirus pandemic could upend
While other economic downturns were a boon for graduate programs, especially at elite business schools where young professionals — at least, the ones who can afford to — could await a better employment prospects while bolstering their resumes, this recession will be different.Universities are bracing for online learning to continue through the fall (if not longer), and that's a hard sell for semesters that can easily run $40,000 per semester. That's on top of an entire recruitment cycle of exams that's been upended by the virus.
More broadly, the at-home learning shift could help accelerate a trend toward optional admissions testing that's also making inroads at undergraduate schools, where the
The University of California went a step further, and voted in May to phase out the test for admissions at many of its main campus centers."Testing in admissions has assessed not just what kids know, but the opportunities that they've had access to," Michal Kurlaender, a professor of
Marc Benioff, the Salesforce founder who's become the unlikely face of "capitalism 2.0" in recent years, says the degree programs largely miss the mark on what's important for leadership today.
"I didn't take any classes on equality," Benioff told Fortune in 2019 of his MBA, "Or on sustainability. Or on stakeholderism.... The classes I took were on accounting, marketing, organizational behavior, leadership. That's what business was. Well, that's not what leadership and business is today."
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