Posted by Vath on 04/06/12 11:49pm
This is Varun and I am from India. I have been following many of your posts on this website and they have been very helpful.
I am currently working with a software firm in India from the past 3.5 years. I have no idea whatsoever about management subjects because I have done an undergrad degree in Bachelor of Engineering (computer science). Since I am not aware of any of the management subjects, I was keen on choosing Masters in Management or Master of Business from Australia. I am choosing Australia as my country destination because the job prospects look better than the current European recession. Also, the cost is one of the factors in choosing Australia.
I also applied for an MBA in Australia, but got rejected from the top universities because of my low Gmat (590). However, they are ready to offer Masters in management. I have only got an admit from University of Technology, Sydney for the Mba Program. Could you please guide me regarding the same? whether to choose an OK university (UTS) for an Mba or to choose a better university (University of Melbourne for Masters in Management?
Thanks & Regards,Varun
Posted by Thomas Graf on 04/07/12 1:23pm
Thanks a lot for your post and kind words. I appreciate it!
Your question is interesting as it contains several sub-topics. I am trying to sort them out by myself and include you in this process by posting my thoughts as they come.
My very first thought is: Why don’t you do the GMAT again? I also made 590 the first time and then got 660 in the second. Doing it again usually has three advantages:
Of course the schools see your last five GMAT results – but who cares? The chances that you improve are high and most schools would accept your with 600 or 620 (even though you would not impress them).
My next thought refers to your current career stage and which degree is better suited for you. You have work experience already and think about developing your career now. You are not a graduate anymore who starts a career. Traditionally, at least in Europe, the Master in Management (MIM) is for graduates while the MBA is for professionals. Though I am not familiar with the Australian schools, it seems to be similar. The Melbourne University, for instance, writes on their Master of Management website: “The Master of Management is suited to students who have an undergraduate degree from areas outside of commerce and aim to gain a managerial position in their field.” Of course this includes professionals but it appears that the target group is graduates. You can ask the school more concretely about this and about the current student statistics. From that perspective – which degree is better suited for your career stage - you should go for an MBA.
Then I think about the reputation of the degree. As to my best knowledge, the MBA receives a greater popularity and recognition than a Master of Management in the US. This would also encourage you to do an MBA. However, I am not sure if in Australia this is the same. It may be that companies are familiar with a Master of Management and assess it equally or similarly.
Next, I think about the reputation of your schools: Intuitively I would go for the higher reputation school, in your case Melbourne. This collides, however, with the reputation of the degree. So the question is: What do Australian firms assess higher: The school’s reputation or the title (MBA vs. Master)? Also, even if the UTS has a lower reputation than the University of Melbourne it may still have a great firm network and provide good career services. A way to find this out is by talking to Alumni (ask the school to bring you in touch with them) and by asking them for statistics.
Finally, the question about where you want to work after your graduation. If you want to work in Australia then of course the opinion of Australian firms is your most important reference. If you want to work in India maybe an MBA is more popular than a Master. If you want to work first in Australia and later on – after some years – in India I would go for the program that offers you better career chances in Australia and don’t care so much about India simply for one reason: Because your work experience will count more than your degree when you come back to India.
You will need to clear these questions. A good way to start is by confronting the schools with your concerns, especially the career offices who should know about career perspectives in Australia. Also, you could try to contact some HR Departments of firms that you want to work for after your degree.
I hope that my approach - structuring the problem into its sub-topics - gives you some ideas how to move on and how to address (and weigh) them one by one.
Posted by Manusha on 05/06/18 6:22am
Hi Thomas,I am manusha from India, I completed my Btech in computer science recently. I'm passionated to do MIM or MBA in Australia the nly thing I know is one should score good in GMAT,but wtsapp my doubt is even if we score good score in GMAT will a graduate student with no work experience is eligible to do MBA r MIM in Australian universities
Posted by thomas.graf on 05/07/18 9:40am
I think you should inform yourself thoroughly now about what a Master in Management and an MBA is, who it is for, what it is for, and what requirements must be met to be eligible from schools.
I have prepared two eBooks for you and I strongly recommend you to read them page by page by page - and not just by quickly screening them.
Posted by Abishek on 09/19/18 11:59am
Am Abishek, I have concluded that my study place is australia. Now what my confusion is whether to choose a master in management or a master in finance. I have more interest in master in management, but some say that it is not there in the skilled occupation list, so a good job after MIM will be difficult compared to master in finance which gives good career opportunities. Pls guide me through.
Posted by thomas.graf on 09/19/18 4:59pm
Master in Management and Master in Finance are two different programs. The former is a general management program while the latter qualifies your as an expert in one specific business function.
My recommendation is always: Decide NOW what you want to work AFTER your Master's degree - and choose the program type that helps you more to get your ideal job.
For a more detailed outline of my approach - in fact, a step by step approach to your "best"program - please read carefully my Business Masters eBook .
By Thomas GrafOwner MIM CompassAuthor of the MIM eBook
Posted by Chiraag shetty on 09/22/18 3:25pm
I’m doing my mim at MGSM, what are the possible jobs I can do? And how likely am I to get a PR?How good is the mim at MGSM?
Posted by Sara's Bansal on 05/07/19 12:51pm
Hi,Can you let me know your experience at MGSM for MIM?
Posted by thomas.graf on 09/24/18 11:21am
my approach to these questions is always:
This means: Your question "How good is the MIM at the MGSM" must be transformed into "How good is the MGSM for my career goals?". In my eBook Business Masters: How you find the best Master in Management or MBA you can find many tips for this.
Posted by Yashodhara on 04/16/19 10:41am
I have completed my five year B.A. LL.B. (Hons.) course at the National Law Institute University, Bhopal in April, 2018. I currently work at a legal firm called Cyril Amarchand Mangaldas, Bangalore and have about 9 months of work experience. I wish to pursue an MIM at the top most business schools in Australia. However, I am a little confused about the career prospects in Australia after doing an MIM from either the University of Sydney or University of New South Wales.Can you please guide me in this regard?
Posted by thomas.graf on 04/16/19 12:33pm
reflecting on your career perspectives after the MIM is very important. And there are several valuable aprooaches to do this. You can start from a broad perspective and check career perspectives of your favorite MIM program in general (e.g., where did last year's graduates find a job? How fast? Which salary?) - or from a rather specific perspective (e.g., what are your career chances with that MIM in a specific industry or company?).
Please read my eBook Business Masters - How you find the best Master in Management or MBA carefully and learn the tricks to find answers to these questions. Particularly check the TALK TO and the READ sections.
By Thomas GrafAuthor of the MIM eBook
Posted by Vartika on 08/03/19 8:36pm
Hi Thomas,I am Vartika from India. I am going to complete my Bachelor's in technology(IT) and I want to pursue masters in management. Now my question to you is which country should I aim for better opportunities in MIM? Also,I am planning to give IELTS exams for the admissions and not GMAT. So, will I be able to make my way into one of the best universites?
Posted by thomas.graf on 08/05/19 4:54pm
thank you for reaching out.
There is no general answer to your question, however, as it depends on what you want. For some people the one school may be the perfect match, for others the other school. For some both schools may be equally fine and for some neither of them.
Therefore, we recommend to translate this question into "Which school is better for YOU?".
In the eBook Business Masters - How you find the best Master in Management or MBA we provide a step-by-step procedure on finding out, which school and program best fits your criteria.
Posted by Nikita on 08/11/19 5:15pm
I have i am from India i have completed my graduation (B com(Hons)) and i have been working with KPMG as an audit analyst since one year. i wanted to apply in master in management in Australia but i have been hearing this from a lot of people that the scope for management is very less in Australia. So what would you suggest me, is this actually true. I have been told that getting a PR after a management degree is very difficult. Can you please guide me in this regard?
Posted by thomas.graf on 08/12/19 3:10pm
your problem is that you don't know... and you din't know because you cannot trust the "hearing from a lot of people" by 100%. So, you need more information.
The key to more useful and reliable information is to become more specific. I give you an example: Let's imagine that 75% of the business schools in Australia face problems to place their MIM graduates in job positions. But maybe the other 25% - the top programs - find their graduates in positions by 98% three months after graduation.
Bottom line: You need to investigate more deeply and I recommend you to follow the procedure that I outline in my eBook Business Masters - How you find the best Master in Management or MBA. You can start with the schools' career reports, then you can ask the admissions managers about the placement statistics, and finally you can ask them to bring you in contact with alumni who graduated in the last 3 years. Next, you can screen the schools websites and ask the admission managers about employers recruiting from that specific program. Finally, you can contact your favorite employers (there are many ways to do that) or their competitors and ask them where they recruit.
Posted by Daksh A M on 11/02/22 11:41am
HeyI am currently working as a design engineer after completing B.E in Mechanical engineering . I have 6 months of experience in this field but want to purse Masters of Management in Australia. What are the job prospects after the course? I want to get into management consulting.
Posted by thomas.graf on 11/02/22 12:09pm
here are some tips how to find that out:
(1) Search for CAREER REPORTS on the websites of your favorite schools or ask the admission centers or career centers to send them to you. There you see where the graduates started their career after graduation.
(2) Ask the schools to bring you in contact with ALUMNI and contact them (ask them where they found a job and where their classmates ended up)
(3) Search for your favorite schools at LINKED_IN to see who graduates at the respective school and what's his career like?
Thomas GrafMIM Compass
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