MBA During Recession – Is It A Good Idea?

The world went through one of the worst recessions when the economic breakdown of 2008 ravaged the entire world. Millions of people lost their investments, houses, and pretty much every other asset they had conjured up through years of employment.

A lot of people lost their jobs, while a lot many positions too have scrapped altogether. This begs the question: Is doing an MBA during a recessive period a good idea?

This article aims to find out a comprehensive answer to that question which has two distinct set of answers to it: the good and the bad.

The Good:

Endless Learning Opportunities

Imagine you’re at the beginning of your distance MBA in HR after completing a distance BBA, and before you know it, the economy nosedives into recession. Market crashes happen. People lose jobs. And despite all of this, the world will try to find new answers to start a new dawn.

Financial analysts from the world over analyse the crash from every possible angle and you’ll be given the courtside seat to witness the biggest debacle in the history of mankind. All the analysis and viewpoints that are presented give you the grotesque perspective of how business works and you get to learn everyday.

Loans Get Cheaper For Your Education

As the market crashes, you will find that your distance learning loans get way cheaper than they actually were. This means that you get to study in a field of your choice without having to scramble around for scholarships to join a premier institute.

The Bad:

Limited Employment

As mentioned earlier, recession brings with it a lot of job cuts. Many key positions might be scrapped as companies go into overdrive to salvage what’s left. This means that you are less likely to land that favourite job of yours, unless you are the next big Mark Zuckerberg or Elon Musk that could spur the market on an upward curve.

Lack Of Avenues To Experiment

The market would undergo such a heavy loss that there won’t be any new avenues left for you to experiment on, which again means you’ll have to suffer the brunt of unemployment.

All in all, choosing to do an MBA (traditional or through online education) during a recessionary period is an extremely risky step to take. But if you are a free-spirit that are willing to test the waters, you can certainly give it a go.

How websites help to grow business ?

Websites need to have outstanding marketing campaigns to support them if they are going to be successful in today’s highly competitive online world. Some website owners prefer to do their own marketing. However, this is not always the wisest decision. Professional online marketing companies know all of the tricks of the trade that will get you the additional visitors you are looking for. They have skills in the area of marketing that you do not possess. This is why it is usually worth the financial investment it will require to hire a marketing firm. Here are some ways you can go about finding the right marketing company for you.

1. Look at their previous campaigns

You should always take a close look at some of the work turned in by a marketing company in order for you to get a feel for what they are about. You do not want to blindly hire a marketing company based solely on their reputation. You need to have some idea of what you will be getting for your money if you decide to hire them. Look at many examples of their previous marketing campaigns for other sites. Are they at the level of quality that you expect for your own site? If not, you should keep looking at different companies.

2. How long has the company existed?

You should also try to find a marketing company that has been in the business for a very long time. The marketing of your site is too important to be places in the hands of amateurs. Ideally, you should only do business with companies that have existed for at least a decide. A company that has been around that long has undoubtedly pleased a large number of customers. You should also try to find a company that specializes in integrated marketing solutions.

3. Affordability

You will not have endless amounts of cash to throw around on marketing campaigns when your site first goes online. Therefore, you need to use your resources wisely when it comes to marketing expenditures. This is why it is essential for you to compare the rates of the various marketing companies you contact. Make sure they all know that you are talking to other companies. This might encourage them to lower their rates in an effort to get your business. You will be amazed at how much the rates will vary from one company to another.