Here is the second of three FAQs I decided to publish to address commonly asked questions about MBA, MBS, and the like..read on...!
Q) How good is the school ?
Very, very good. Melbourne Business School is very well regarded in Australia (AFR BOSS ranked it #1 in 2009), and increasingly overseas as well. Financial Times ranked the school 52 in 2009 whereas the Economist ranked it 26 in the same year. The school will operate under the Faculty of Economics and commerce, University of Melbourne shortly.
Q) How good are the placements at Melbourne Business School ?
Q) How good are the placements at Melbourne Business School ?
In 2008, Melbourne Business School was able to place 98% of the students within three months of graduation. Although the same can’t be said about the 2009 batch, a big reason for that was the financial crisis affecting the worldwide hiring trends adversely.
Now a little more about the placement methodology at MBS and in Australia. In Australia, things work very differently from say India or US where most students are offered jobs while they’re still studying. Here, one is expected to have to look for a job after graduation. I’ve heard a few people who’ve been here for a long time tell me that positions, though formally advertised, are actually filled up either internally or through referrals in most cases. This makes networking a very, very important activity in Australia. The same applies to MBS, where a significant number of placements tend to happen through students networking with alumni (who’re very helpful). However, this is not to say that you can’t get a job before you graduate. A lot of good companies do turn up at MBS to hire on-campus regularly, but the general trend is in favor of referred hiring.
Moral of the story ? MBS is a well regarded and known school in Australia amongst employers, but don’t expect to get a job easily. Getting an MBA from here is only half the battle won, you’ll still probably have to work pretty hard at getting hired.
Q) Where can I find more information about Melbourne Business School ?
Now a little more about the placement methodology at MBS and in Australia. In Australia, things work very differently from say India or US where most students are offered jobs while they’re still studying. Here, one is expected to have to look for a job after graduation. I’ve heard a few people who’ve been here for a long time tell me that positions, though formally advertised, are actually filled up either internally or through referrals in most cases. This makes networking a very, very important activity in Australia. The same applies to MBS, where a significant number of placements tend to happen through students networking with alumni (who’re very helpful). However, this is not to say that you can’t get a job before you graduate. A lot of good companies do turn up at MBS to hire on-campus regularly, but the general trend is in favor of referred hiring.
Moral of the story ? MBS is a well regarded and known school in Australia amongst employers, but don’t expect to get a job easily. Getting an MBA from here is only half the battle won, you’ll still probably have to work pretty hard at getting hired.
Q) Where can I find more information about Melbourne Business School ?
Apart from the corporate website (www.mbs.edu), there are several blogs (such as this one) which are maintained by student, alumni and faculty at the school. Here is a link to the list of MBS bloggers maintained by Ameel.
http://insanityworks.org/acme/mbs-bloggers/
Q) What does the full time MBA course look like at Melbourne Business School ?
http://insanityworks.org/acme/mbs-bloggers/
Q) What does the full time MBA course look like at Melbourne Business School ?
The sixteen month course is divided into four terms of about three months each. The remaining time includes breaks, summer vacations, orientation etc. You have to pass 20 subjects over these four terms, and if you’re an international student without an Australian PR, most likely you can’t take longer than this to complete the course. If you’re a resident of Australia though, you can play around with your course in a lot of ways; we won’t go into those at this point.
Each term you pick a list of subjects. Most students pick five each term but some also pick 4 or 6. It really depends on you alone to reduce the load by picking fewer subjects, but you need the approval of the academic dean if you want to take more subjects than five in any one term.
The course offers 10 core subjects which must be completed by all students (except those who get credit/substitution) and 10 electives. To do these electives, you need to have completed a combination of one or more core subjects. That’s why a majority of the students try to complete the core subjects by the second term, so that the third and fourth terms can be devoted to electives. But things are very flexible. You can plan your MBA as per your aspirations and objectives.
Q) What are the key strengths of Melbourne Business School ?
Each term you pick a list of subjects. Most students pick five each term but some also pick 4 or 6. It really depends on you alone to reduce the load by picking fewer subjects, but you need the approval of the academic dean if you want to take more subjects than five in any one term.
The course offers 10 core subjects which must be completed by all students (except those who get credit/substitution) and 10 electives. To do these electives, you need to have completed a combination of one or more core subjects. That’s why a majority of the students try to complete the core subjects by the second term, so that the third and fourth terms can be devoted to electives. But things are very flexible. You can plan your MBA as per your aspirations and objectives.
Q) What are the key strengths of Melbourne Business School ?
I’ll try to present my personal opinion. What sets MBS apart is it’s excellent brand equity in Australia, affiliation with the excellent University of Melbourne, and an emphasis on creating a highly diverse class. I’ve been advised by a few good sources that MBS happens to be better at Marketing than Finance, but I did not find any such thing. You might have to rely on some ranking websites such as Financial Times to get the general opinion on this, if there is any.
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Melbourne Business School has received independent quality assurance by two global business school accreditation bodies. Private Equity Australia
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