“After the financial crisis in 2009-10, governments worldwide had injected so much money into their economies that companies grew massively. This continued unabated for a full decade. The BSE index grew by 350% from January 2009-2020. Between 2009 and 2010 the Indian rupee appreciated by 10% versus the US Dollar!” shares Nitish Jain (President, SP Jain School of Global Management).
Can we expect a similar response post the COVID-19 crisis as well? What makes this the best time to invest in your education? Mr Jain shares his insights in an article published on June 3, 2020, in Education Times, a leading education portal part of The Times of India Group.
“Right alongside the pandemic is the rapid growth in technological advancement. This would influence the sort of people companies would recruit. Repetitive and semi-repetitive jobs would be done by machines and not highly valued. At a high premium would be talent who are skilled at using technology to solve complex problems in a creative way. They could see exponential growth in compensation as scarcity would propel demand,” writes Mr Jain.
He also discusses how the new online education model offers a learning experience that is in many ways superior to on-campus learning. “Combined with some on-campus weeks, hybrid MBAs will drive the future of business education worldwide,” he concludes.