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.
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