The global pandemic has changed how we do business. More people than ever apply to business schools to earn graduate degrees in business, and MBA admissions are up. Many MBA programs add new specialties like finance, digital commerce, risk management, and insurance to give graduates an edge in a fast-moving market. If you’re considering beginning the application process for an MBA program, here are some reasons you might want to specialize in insurance at a top business school.
From understanding risk and liability transactions to being better prepared to protect their own companies and others, MBA students with the insurance focus will be able to jump into the job market with a select combination of skill sets that others lack. This will lead to more job opportunities and options for how, when, and where students will work—including how much time they spend on the job. It will also make a difference in income and again gives graduates an edge.
Before last year, the same business owner might never have predicted they’d have to close their doors. Even if only temporarily or until the property sale, they would need different coverage than they would with open doors. In short, things can change quickly, and the pandemic has highlighted the need for people in the consulting industry to be ready with new insurance options rapidly. The specialized education with an insurance focus in any MBA program, whether at Stanford, Wharton, Kellogg, MIT, or anywhere else, can prepare students to think fast in a crisis—making them even more valuable. These students could handle employee health and personal insurance needs, too.