Forum: General Forum (2 Comments)
Masters - GMAT?
Posted by - lamborg - on 2 July 2013 - 3:29pm
I am currently in the final year of engineering in applied physics and I am thinking of opting "Management" or "Business" related career. Now I know I should have taken Commerce for that but its too late to think about that.
So, for going for the Management or Business related career I am thinking about going for Masters directly after my graduation, that is without going for a job first. Masters in Management, or Finance and I was thinking of giving GMAT. I don't have any full-time work experience, just industrial training and internships.
Do you think, giving GMAT (instead of GRE) is a good idea? I am asking because most of the people giving GMAT are doing jobs and have some experience but then again, I think they are aiming for MBA instead of Masters.
Any suggestions or ideas? Go for job, then Masters or Masters then MBA or Masters then job etc.?
Secondly, do you think going for Masters directly after my engineering is a good idea?Thanks
Posted by - Thomas Graf - on 2 July 2013 - 3:40pm
Hi there,
thank you for your questoins. I think we need to sort them a bit as they seem to mix things up. By putting them into context, I think I may help you most.
First, a Master in Management (MIM) is a program for people from all academic disciplines. About a third of the programs is restricted to people with an academic degree in business or economics - but the majority is open or even targets explicitly people from a non-business background. So, your idea to do a MIM is perfectly well - just use our Filter "Entry Requirements" to find programs that do not require a bachelor degree in business.
Second, if you think you need more education now (e.g. because you are not satisfied with your job options), then doing a master now is a good idea. And since the MBA requires work experience, the MIM is the right program (or a specialized business master such as the MSc in Finance etc.). If you are happy with your job prospects right now you can also start to work and re-consider in a few years whether you need more education THEN. If yes, you can do an MBA for instance.
Third, the GMAT is a test for some programs but not for all. For renowned MBA programs, the GMAT is quasi a must. For MIM programs not necessarily as only about half of them require it. Hence, the GMAT has no direct relationship with work experience. It is correlated with it, however, just by the fact the MBA programs often require it and based on the fact that MBA programs require work experience. If you are looking for a MIM program, you can go for programs that do not require the GMAT. Or - and that's my recommendation - you the GMAT and by this broaden your options.
Best wishes
ThomasBy Thomas Graf
