presents

in association with

Bridging the gap

All rights reserved. Reproduction in whole and in part without written permission is prohibited. Printed and published by Kamlesh Sajnani, on behalf of, IMS Learning Resources Pvt. Ltd., 1/45 Tardeo A.C. Market, Tardeo, Mumbai - 34. Printed at Uchitha Graphic Printers Pvt. Ltd., 65, Ideal Ind. Est., Mathuradas Mill Compound, Lower Parel, Mumbai - 13 and published at Mumbai.

Section 5

30 Visa power

31 Reasons for rejection

32 Application basics

33 Academic Records

34 LORs and SOPs

CONTENTS View Point

B-schools and Courses13

Eligibility26

Application Process30

Section 2

13 The Australian MBA

14 Taught or research?

15 Types of programmes

16 Fees

Financial Aid17

Section 3

17 How much does it cost?

18 Fees

19 How do you pay?

20 Scholarships & Loans

21 Cost of Living

22 Shopping in Australia

Section 4

26 English language requirements

27 Admission requirements

28 Tests and Scores

Editor-in-ChiEf Kamlesh Sajnani

Editorial

Editor: Sarita Kutty

Assistant Editor: Radhika Arunkumar

Senior Correspondent: Gauri Puranik

Correspondents: Reshma Majithia,

Serena Kallian

dEsign

Uma Shirke

advErtising Rekha Billava,

Nikhil Harpale, Arun Jain,Nitin Kewlani, Suchita Parab

Tel - 022-23533503/05/10

CirCulation / subsCription

Ramesh More

hEad - publiCations

Anil Bhagtani

addrEss for CorrEspondEnCE

Advanc’edge MBA, IMS Publications,

A Division of IMS Learning Resources Pvt. Ltd.,

1/45 Tardeo A.C. Market,

Tardeo, Mumbai - 400 034.

Contributors

Dr Daniel Theyagu, Dr Shubhra Gaur,

Dr Suresh Srinivasan, Prof S Raghu Raman,

Suman Kher

WritE to thE Editor at:editor@advancedge.com

Email: publications@imsindia.comWebsites: www.advancedge.com,

www.imspublications.com,www.imsindia.com

Why Australia02 Section 1

02 What is studying in Australia like?

03 World-class teaching

04 International tradition

05 The language of business

06 A warm welcome

www.advancedge.com

04

03 05

0601

I t almost goes without saying that most schools require students to have a few years of work experience, before seeking admission for an MBA. This is because schools believe that working professionals will relate to the values of business ethics, diversity, organisational skills, etc more swiftly in the classroom. However, there are MBA colleges that do accept students without

work experience. Also, there are quite a few masters in management programmes that do NOT require work experience. In fact, they are aimed at people with one year or less work experience.

In such a scenario, a few B-schools offer graduating students a deferred admission through various programmes. Among the schools that have some variation on this theme include: HBS, Stanford, Yale, and Chicago. In the case of Yale, the modality is study for one year, work, and then finish the second year of the MBA after acquiring work experience.

In India, academics are unanimous in their view that the growth in management education in the country is quantitative, not qualitative. This quality gap needs to be addressed to acquire competitive edge, and with the recent visit of President Obama, foreign collaborations with Indian higher education institutions gained a new wave of enthusiasm and excitement. Recently some major announcements related to academic collaborations also contributed to positive sentiments. For example, Strathclyde University with SKIL has announced a Masters in Management programme to be offered by Strathclyde. Later they plan to offer 3-year BBA and 1-year MBA programmes. Read the Cover Story for an in-depth insight into the world of Masters in Management programmes.

Then again, one of the biggest changes in graduate management education has been the dramatic increase in the accessibility of schools and programmes to students of diverse backgrounds worldwide. Demographic changes, with a growing middle class in countries such as India and China, have contributed to an increasing student population, the expansion of existing schools and programmes, and development of new ones. For many students in these countries, going West is no longer the only option to gain an excellent business education. Schools in the East too have become more creative in adapting their curriculum to local needs or changing business and market needs, which has made the graduate management education option more attractive. The Region Focus focusses on schools in the East.

This issue also unfolds a whole lot of information in terms of the career options that are available for an MBA graduate. Turn the pages to Careers Watch and MBA Buzz.

Happy Reading!

02 View Point

03 Why Australia

Why Australia

Getting your MBA in Australia is an important decision and where you decide to go can impact your career prospects. Australia is, as a financial hub in the Asia-Pacific, a popular destination for many MBA professionals.

Why earn an MBA in Australia?Australian MBA programs offer you the opportunity to study

business and management across a variety of specialisations. With emphasis on both career and personal development, an Australian MBA will not only provide the business knowledge you need, but also provide an international perspective that is crucial in today’s global economy.

Due to its proximity to Asia, the Australian economy and business network are closely related to the Asian market. This provides Australian MBA students intimate knowledge of this rapidly growing business market. Australian MBA courses are quality assured by the Australian Government and many are AACSB accredited.

Safe environmentAustralia is a safe, welcoming, multicultural and inclu-sive society. In a 2010 survey covering 50000 internation-al students, 85 percent recorded high satisfaction levels on safety and security and 86 percent were satisfied or very satisfied with their living experience in Australia. The above factors combined with the quality of Australia’s education and training system, ensure a high satisfaction quotient for international stu-dents in Australia.

Besides this, the international student community has tremendous government support form the Australian Government. All interests of International students are protected within the legislative framework of Education Services for Overseas Students (ESOS) 2000. The level of support offered to international students studying in Australia and their parents is indeed, unrivalled.

What to expect

Getting an MBA in Australia offers:} A blend of practical and theoretical knowledge

providing the basic skills and tools necessary for problem solving in the business environment.

}A wide range of quality theoretical approaches including economics, measurement, governance, psychology, human behaviour, and leadership.

}Opportunities to engage with the Australian business community as a setting to develop your learning in a variety of disciplines.

}Opportunities to study subjects outside the main business programs such as microeconomics, competitive dynamics, and statistics.

04 B-schools and Courses

G etting an MBA in Australia is easier than you think and there are a variety of programs to choose from so you can find a program that best fits you, no matter where you are in your career.

• Students can take classes full-time, part-time, or via online/distance learning courses

• Business graduate certificate and diploma programs offer excellent opportunities for prospective MBA students to gain experience prior to undertaking their MBA.

• Some programs can be completed in as little as one year

• Australian MBA programs accredited in the US, Canada and Europe

There are three types of accreditation:The Association to Advance Collegiate Schools of Business (AACSB)• Australian Graduate School of Management • The University of Queensland • Queensland University of Technology • The University of Sydney • University of Technology, Sydney

Association of MBAs (AMBA)• Queensland University of Technology • Curtin University of Technology

European Quality Improvement System (EQUIS)• Macquarie University • Monash University • Queensland University of Technology • Melbourne Business School • University of Queensland • University of South Australia • University of Sydney • University of Western Australia

B-schools and Courses

05 B-schools and Courses

Business Schools in Australia (MBA)University Duration Tuition Fees Work Exp. GMAT Intake SpecializationMelbourne Busi-ness School

16 months 42,000 full cost 2 years Yes Feb e-Commerce, Entrepreneurship, Operations Management

Macquarie Uni-versity

1 Year 29,440 full cost 5 years No Feb/July MBA

Australian Na-tional University

14 months 27,500 full cost 3 years No July General Mgmt., Intl. Business

University of Canberra

2 years 11,240 p.a. 2 years No Feb/July MBA/MIB

Australian Mari-time College

1.7 years 13,550 p.a. Experience in Mgmt related field

No Feb/July MBA (Maritime Mgmt.)

University of Tasmania

1.7 years 19,200 p.a. 2 years No Dec/June Gen., MRM, Int. Business

Charles Sturt University

1.5 years 10,000 p.a. Relevant Work Exp. No Feb/July Gen., Global Trade, Int. Bus.

University of New Castle

1.5 Years 17,400 full cost 2 years Yes Feb/July MBA

AGSM 2 years 23,500 p.a. 2 years 625 Feb MBA

Southern Cross University

1 19,200 full cost 1 No Jan/May/Sep

MBA

University of Technology, Sydney

2 14000 p.a. 2 No March/Aug MBA - Professional

University of Technology, Sydney

2 14,000 p.a. No No March/Aug MBA - LWE

University of Western Sydney - Hawkesbury

1 16,500 full cost 5 No Jan/July MBA - General

University of Western Sydney - Macarthur

1 18,400 full cost 2 No April/Sep HM, Int. Business, Tourism Management

University of Western Sydney - Nepean

1-1.3 21,000 p.a. 3 No Jan/May/Sep

Act/fine, Int. Buis., Tech. Magmt., Marketing

University of Wol-longong

1.5 24,500 p.a. 2 No Feb/March/july/ Oct

MBA

La Trobe Uni-versity

2 years 12,000 p.a. No No Jan/April/July/ Sept

MBA - Standard

La Trobe Uni-versity

1 year 21,000 p.a. 2 years No Jan/April/July/ Sept

MBA - Executive

Monash Univer-sity

2 years 17,600 p.a. 2 years 600 Feb/July MBA

RMIT 1.5 years 16,255 p.a. 4 years No Jan/July MBA

Swinburne University of Technology

1.5 years 24,750 full cost No No Feb/July/August

MBA

Swinburne University of Technology

1.5 years 24,750 full cost 2 years No Feb/July/August

MBA (Corporate)

Victoria Universi-ty of Technology

1.5 years 12,000 p.a. 2 years No Feb/July/Dec

MBA (General)

Bond University 1 year 25,800 p.a. 2 years Jan/Sept MBA

Central Queen-sland University

1-2 years 10,500 p.a. 2 years No Feb/July/Nov

MBA

Griffith University 1-1.5 years

15,800 p.a. 2 years No Feb/July MBA

06 B-schools and Courses

Griffith University 1-1.5 years

15,200 p.a. No No Feb/July MBA (International)

James Cook University

2.2 years 21,600 p.a. 2 years No Feb/June MBA

Queensland University of Technology

1.5 years 15,000 p.a. Bach. In Business or Bach. + 2 years work exp

540, Op-tional

Jan/March/April/July/Sep/Nov

MBA (Professional)

University of Queensland

1-2 years 24,000-36,000 p.a.

2 years No Feb/July/Dec

MBA (General)

University of Queensland

1-2 years 24,000-36,000 p.a.

2 years No Feb/July/Dec

MBA (Executive)

University of Queensland

1-2 years 24,000-36,000 p.a.

2 years No Feb/July/Dec

MBA (Advance)

University of Adelaide

20 months 32,000 full cost 2 years Feb/Sept MBA

University of South Australia

2 years 26,000 full cost 2 years Yes (Optional)

Jan/Dec MBA (International)

University of South Australia

1 year 26,000 full cost 2 years Yes (Optional)

Jan/Dec MBA

Murdoch Uni-versity

1 year 22,000 p.a. 1-2 years 500 Jan/Nov MBA

Curtin University of Technology

2 years 14,000 p.a. 3 years 520 Jan/May/August

MBA

Edith Cowan University

2.2 years 11,454 p.a. 2 years No Feb/July MBA

University of Notre Dame

2.2 years 10,400 p.a. No 500 Feb/July MBA

University of Western Australia

1.5 years 17,600 full cost 2 years 550 Jan/May/August

MBA (Finance), MBA (General), MBA (HRM), MBA (IT), MBA (Intl. Bus.)

Northern Territory University

1.1 years (Intensive Mode)

18,360 p.a. 2 years No Feb/July MBA (General)

Northern Territory University

1.1 years (Intensive Mode)

18,360 p.a. 10 years No Feb/July MBA (Sr. Executive)

07Financial Aid

F inancial Aid for an MBA in Australia is very difficult. You will have to arrange your own funds and if your parents have that kind of money - go ahead. Some universities may give students with good or exceptional backgrounds, a part tuition fee waiver.

Bank Loans TopState Bank of India, Bank of India, Andhara Bank, Syndicate Bank and Canara Bank and many other banks have educational loan schemes which extend from schooling to research. The amount differs according to the course. Banks give a loan for studying abroad which is as high as Rs. 10 lakhs.

These loans are subject to many terms and conditions. Apart from being only a partial loan - at least 25% of the total course expenditure is to be paid by the parents of the student. The candidate has to provide security for the loan he gets. It can be in the form of a house mortgage, NSE shares or insurance policy. Security for a loan of upto Rs. 25,000 is nil but for a loan of over Rs. 25,000 to Rs. 3 lakhs, it is 100%. For a loan of Rs. 3 lakhs to Rs. 5 Lakhs, the security to be provided is 150 % and it is 200% for a loan of over Rs. 5 lakhs.

However the banks do not give these loans to anyone who applies for them. The first condition is that admission should be confirmed. Secondly, loans are not given for correspondence courses. And thirdly, the past academic record of the loan seeker should also be satisfactory. Anyone who fulfills these conditions is eligible for an educational loan which covers course fees, hostel fees, cost of books, equipment, and one way fare to the place of study if the parents of the candidate do not live there.

Repayment has to start 6 months after the completion of the course or if the person gets a job immediately after completing the course, one-month after getting the job. The maximum time given for the repayment is 15 years counted from the date of the first disbursement.

Financial Aid & Scholarships

Trust Loans TopLoans from trusts have low rates of interest (2-4 percent), or are interest free. Some of the most well known trusts are listed below:

J.N. Tata EndowmentLow-Interest loans of Rs. 50,000 to Rs. 2 lakhs, and grant of Rs. 25,000 to Rs. 50,000, for several disciplines. Completed application forms must reach by 25th February of the year of award.For more details and application form, write to:The Director,J.N. Tata Endowment,Bombay House,24 Homi ModyStreet,Mumbai-400001

K.C. Mahindra Education TrustUpto Rs. 65,000, for postgraduate studies in various disciplines. Forms must be requested before 28th February of the year of award and completed forms must reach by 31st March of the year of award.For more details and application form, write to:The Managing Trustee,K.C. Mahindra Education Trust,Cecil Court,Mahakavi Bhushan Marg,Mumbai-400039.

Mariwala TrustUpto Rs. 50,000 interest free, for postgraduate studies in several disciplines. Application forms must be requested before 1st March of the year of award and completed forms must reach by 30th April of the year of award.For more details and application form, write to:The Managing Trustee,Mariwala CharityTrust,409 Shah and Nahar Industrial Estate,Dr. E. Moses Road, Worli Naka,Mumbai-400018Tel: (022) 4938307 Fax: (022) 4974704

R.D. Sethna Scholarship FundAn amount of Rs. 20,000 to Rs. 50,000 at 2 percent annual interest for undergraduate and postgraduate studies in science, technology, commerce and education. Completed application forms must reach by 31st May of the year of award.For more details and application form, write to:The Chief ExecutiveR.D. Sethna Scholarship Fund, Esplanade House, 29 Hazarimal Somani Marg, Fort, Mumbai-400001

Sahu Jain TrustThe trust offers loan scholarships for higher studies in India as well as abroad.For more details, write to:The Secretary,Sahu Jain Trust, 4th Floor, Times House 7,Bahadur Shah Zafar Marg, New Delhi -110002

08Financial Aid

Fellowships TopFellowships are very popular, and securing one is a very difficult because of the serious competition. A few important ones are listed here:

Aga Khan FoundationThis fellowship is available for development studies and courses not available in India. Forms are issued from January each year and completed forms must reach by 31st March of the year of award.For more details and application form, write to:Aga Khan Foundation,Sarojini House, 2nd floor,6 Bhagwan Dass Road,New Delhi -110001

Inlaks ScholarshipsThis fellowship is available for several disciplines.Applicants must be graduates, and 19-30 years old. Completed application forms must reach by 30th August for the following year.For more details and application form, send a self addressed envelope to:Inlaks Foundation,PO Box 2108,Delhi-110007

AT&T Leadership Awards (For U.S. only)U.S. $ 5,000 awards for the students from the Asia-Pacific region going to the U.S. for study in any discipline. Six of the 36 awards went to Indians in 1998. Applications must reach the programme’s Malaysia office by 15th September. Decisions are announced by 31st December.For more details and application form: write to USEFI or email awards@attmail.com or fax at (886) 2-2715-7013 (attn: AT&T Leadership Award)

Eligibility09

Admissions: To gain admission to an MBA program, you will need an undergraduate degree, work experience, and GMAT scores. Requirements for the graduate certificate programs and graduate diploma programs are more relaxed. Work experience: One to two years of work experience is essential for admission in most Australian Universities for general MBA programs. Advanced and executive programs usually require a minimum of four to five years of relevant work experience. Some business schools may consider outstanding academic performance as a substitute for lack of appropriate work experience. All AMBA-accredited MBA programs require a minimum of three years of full-time work experience. GMAT: GMAT is necessary for admission to most MBA programs especially the more competitive programs. Some institutions will waive the GMAT including the Australian National University, University of Canberra, University of Tasmania and Macquarie University. Letter of reference: Referee reports have to be submitted along with the application form. Two reports are required by Melbourne Business School and the Australian Graduate School of Management (AGSM). Some universities do not insist on reports from your current employer. Australian institutions also ask for written responses to a few personal statements asked in the application form. Four personal statement essays are required by AGSM. Transcripts of academic records are required. A certified copy of your passport or birth certificate is required to be submitted as proof of one’s citizenship Personal interviews: Though interviews are not mandatory, some institutions like the Melbourne Business School, insist on interviews for those applying for a Masters in Marketing. These are scheduled at select international destinations throughout the year. You should begin the application process a full year in advance of expected enrolment. Provisional acceptance is granted by most institutions to applicants who are waiting for their final exam results.

Admission requirements will vary program to program, please consult the particular institution in which you intend to apply for admission requirements.

Requirements for Getting anMBA in Australia

Eligibility Bachelor Degree: Most Australian business schools accept the three-year graduation system for entry into the MBA programme. So, if you have a three-year bachelor degree like Bachelor of Arts (BA), Bachelor of Commerce (BCom) or Bachelor of Science (BSc), this is acceptable as it is considered equivalent to an Australian Bachelor (Ordinary) Degree.

For most good Universities, a good first degree from a leading university in India or its equivalent is essential. There are some universities that accept students for the MBA without a bachelor degree if they have considerable work experience and significant professional achievements.Work Experience: Most Australian business schools require a minimum of two to three years of work experience. This is essential.

AMBA Accredited MBA Programs: All AMBA accredited MBA programmes require a minimum of three years of full-time work experience.No Work Experience: There are around five to six Australian business schools that accept students who have no experience for direct entry into the MBA programme.GMAT: GMAT is accepted and recommended by many universities. However, many Australian universities are flexible about this criterion and this is not a mandatory requirement for admission to many Australian MBA programmes.

So, unless, you aiming for top schools like Melbourne Business School, you need not worry about the GMAT. TOEFL/IELTS: You need to take either the TOEFL or IELTS for admission to an MBA program in Australia. This is required for almost all universities. This mandatory for most business schools even if you have studied in English medium throughout.Some schools waive this criteria after a personal interview.IMPORTANT: IELTS is compulsory requirement for Australian student visa for students from India, Pakistan, Bangladesh, Sri Lanka and many other countries. So even if you get an admission without IELTS score, you will not get a student visa without IELTS score.

T his section explains the requirements and process of applying to Australian Business Schools for the MBA Degree Programs. Requesting Application Forms via email : You can request application forms from the universities

website. Most universities have a form on their website which can be completed online to request application material. Downloading from the university website : Many universities have a downloadable and ready to print versions of their application forms on the net. These can be used for applying just as regular forms. Academic Records: Full details of your education including your course subjects and grades are required in the applications. Transcripts or official records of your previous academic qualifications are crucial for your application. Standard X MarksheetStandard XII Marksheet

Bachelor Degree / Provisional Certificate with marklistsStudents applying for admission are required to submit an official transcript from each college or university that they have attended after secondary school with complete details of the subjects, credits involved and other details like correspondence courses, diplomas etc.

If the originals are not in English, copies and a good English translation must be enclosed. Please ensure all the copies of these documents are attested.Letter from Institution : Some Universities may waive IELTS/TOEFL if you can get a letter from institution that you have last studied in mentioning that you have been studying in English medium throughout and they are convinced that you are proficient in English.

10 Application Process

Application Procedure

Work History Most universities require a minimum of 2 to 3 years of experience for admission to the MBA program. Most Australian universities are pretty strict about this. A detailed Résumé is an important part of your application. It should include all information of professional work experience along with the details like positions held, achievements and range of work. Letters of Recommendation

Letters of reference or recommendation letters play a very important part in your admission. A recommendation letter is a signed statement from a person who knows you well professionally or has taught you in a subject that is related to the course you are applying to. It should list your positive and negative qualities, strengths and other such information. The author or teacher must indicate his position, how long he/she has known the applicant and in what capacity. He/she should briefly discuss the need, importance and usefulness of the study the applicant proposes to undertake. Authors are usually asked to rank applicants in their letters of recommendation, which helps admission officers to interpret the academic credentials of foreign students. Students should obtain letters of recommendation (often on the prescribed forms sent by the institutions) from teachers who know them as a person as well as a student. You may like to request your author to give concrete examples that may show your qualities and help your case.

Many universities have their own format and questions that have to be answered by the person who is giving the letter of recommendation on your behalf. Letters, which do not give enough information, can jeopardize a candidate’s chances of selection.

Note: Even if not mentioned, it is advisable to include at least two letters of recommendation in your applications as they increase your chances of getting admissions.

Personal Essays The personal essays, and/or statement of purpose, also play a very important role in the process of evaluating your application for both admission as well as financial aid because it gives the faculty assessing your application their most significant impression of you as an individual.

A personal statement should include reasons for choosing this particular course, your area of interest, the suitability of your education and experiential background for this course and your personal and present future goals.