Penpisut Chaovanayan is one of a fresh cohort of MBA students who decided that the economic crisis was the time to pause their career and upgrade their credentials. In a strong economy, prospective students tend to keep working and chase promotion. In a recession, the opportunity cost of not working shrinks.
This January, Chaovanayan enrolled at the RSM in the Netherlands after leaving her consultant role at Deloitte in Thailand. “It is a great time to study because the consulting industry has been hit hard by coronavirus and promotions have been frozen,” she says.