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There is no doubt that COVID-19 has had a drastic impact on the job market. In fact, the Economic Policy Institute has already stated that the impact will continue to be most noticeable in the leisure and hospitality, social spending, manufacturing, and education and health services sectors, with the private sector taking the biggest hit.
As we face this general econ economic downturn, many will be faced with the J-O-B question – that is, how will they apply for a job like they had previously planned, and how will they stay competitive when doing so, in light of COVID-19?
According to the Economic Policy Institute, the first thing to note is the change in ongoing MBA programs. Business schools have moved to online instruction, shut down global and on-campus events, and taken a hiatus on MBA admissions events everywhere. This will likely set back future applicants, while also posing challenges to current MBA students as they struggle to capitalize on their education which has taken such a drastic change. It is also inevitable that alongside MBA admissions activities, the MBA job market, which was once overflowing with opportunities, will face a harsh downturn, as jobs in general are put on hold in favor of quarantine.
This does not mean the job hunt must come to a grinding halt for MBA students. Here are Write Track Admissions’ top things to do in quarantine to help you remain competitive in the job market:
1. Be resourceful. There are still job opportunities that you may not think exist. Here are just some of the sectors that are actively hiring: The Government, Medical Device Companies, Essential Retailers (i.e. pharmacies, grocery stores), Delivery Service Providers, Online Health Services. There is also a comprehensive list of start-ups hiring And here are just some of the larger companies that are actively recruiting:
2. Ask for informational interviews via Zoom or Google Hangouts, or a different video/calling platform. Even if a company is not hiring, you can still get your name on their radar by conducting an informational interview from home. If you want to learn more about how to get your foot in the door, check out Write Track’s recent Linkedin Live on How to Stand Out and Get Hired in the Corona Economy!
3. Apply for funding. If you’re worried about continuing to fund your MBA career and subsequent job search period, apply for industry specific funds or lower-tier fellowships.
4. Take some time to sit back and plan. If you can enter into your job search with a clear path, it will set you out as having forethought and staying active while facing a challenge (aka a global pandemic).
5. Be innovative and entrepreneurial, and try to address a need that will likely continue well after this crisis. After all, these companies did just that in the last economic crisis and now many are helping us weather this current one:
If you are still feeling unsure of how to navigate the MBA job market due to the effects of COVID-19, contact Write Track Admissions for help!
Communications Director – Write Track Admissions