Melbourne Business School MIM Review

Melbourne Business School attracts the world’s brightest minds to master the skills and attitudes they’ll need to be tomorrow’s leaders. The business community and the university equally own the graduate school of business and economics at the University of Melbourne. Melbourne Business School’s executives are accountable to an independent board of directors composed of prominent CEOs and academics worldwide. The Financial Times and The Economist put Melbourne Business School’s degree programmes and short courses among the best globally, thanks to AACSB and EFMD (EQUIS) accreditation.

If you want international exposure, professional experience and a curriculum recognised as one of the best in the world. In that case, Melbourne Business School MIM is a one-stop for you. We have an enrichment of our studying, teaching and research with our communities, both home and globally.

Specialized courses under MBS MIM:

• Master of Management (Accounting and Finance)
• Master of Management (Accounting)
• Master of Management (Finance)
• Master of Management (Human Resources)
• Master of Management (Marketing)

Class Profile

The University of Melbourne MIM is designed for students who have completed their undergraduate studies and are seeking to build their business and management skills in a global context. The program attracts a diverse cohort of students, with an average age of 28 years and a range of professional backgrounds, including finance, marketing, engineering, and law. The class profile typically includes around 60-70 students, with a gender balance of approximately 50/50. The program encourages active participation and collaboration, and students have the opportunity to work on group projects and case studies. Overall, the MIM program at the University of Melbourne offers a dynamic and diverse learning environment for students seeking to enhance their business skills in an international context.

Acceptance Rate

Melbourne Business School (MBS) is one of the leading business schools in Australia, renowned for its high quality education and research. The University of Melbourne MIM program at MBS is a popular choice for students looking to develop their management and leadership skills.

The acceptance rate for the Melbourne Business School MiM program is approximately 10%. This means that out of every 100 applicants, only 10 are offered admission. The program's highly competitive nature is due to several factors, including the school's reputation, the quality of its faculty and the program's rigorous curriculum. It is essential to note that the acceptance rate for the Melbourne Business School MiM program can vary depending on the cohort you are applying to. For instance - the Indian and Chinese cohorts tend to have the lowest acceptance rate due to a high number of applicants from these countries.

Program and Curriculum

Developed in a merger with Mt Eliza Business School, this is Australia’s most prominent management education business school. The program and curriculum designed at Melbourne are such that it gives students hands-on practice in the corporate world. There are continuous Industry related workshops and conferences going on.

Additionally, there are many student clubs and many financial clubs where students explore on their own and enhance their skill set for the corporate world. Also, the Melbourne Business School offers a choice to choose between a 200 and a 150 point plan. The 200 point plan allows you to complete the course in a total of 2 years. However, the 150 point plan shortens the duration of the program to 1.5 years.

Core Courses at University of Melbourne MIM

• Marketing Management: This course teaches students how to develop and implement effective marketing strategies to create customer value and drive business growth.
• Human Resource Fundamentals: This course covers the basics of human resource management, including recruitment, selection, performance management and employee relations.
• Sustainable Business Practices: This course focuses on the integration of sustainability principles into business practices, including environmental, social and economic sustainability.
• Entrepreneurial Practice: This course provides students with the skills and knowledge necessary to start and grow a successful business including business planning, finance, marketing and operations.
• Project Management: This course teaches students how to plan, execute, and control projects effectively, including project scope, budgeting, scheduling, risk management and team management.

Electives at University of Melbourne MIM

• Managing Stakeholders: This course teaches students how to identify and manage the needs and expectations of various stakeholders including customers, employees, suppliers, shareholders and society.
• Leadership and Team Dynamics: This course focuses on developing effective leadership skills and managing team dynamics including communication, motivation, conflict resolution and decision-making.
• Supply Chain Management: This course covers the design, planning, and control of supply chain operations, including procurement, production, inventory management and logistics.
• Managing Innovation: This course teaches students how to manage innovation processes, including idea generation, development, commercialization and diffusion.
• Social Entrepreneurship: This course explores the role of entrepreneurship in creating social and environmental impact, including business models, impact measurement and stakeholder engagement.

Clubs and Associations at University of Melbourne MIM

• AIESEC: AIESEC is a global non-profit organization that provides leadership development and internship opportunities for students with a focus on cultural exchange and social impact.
• CAINZ: CAINZ is a student run consulting organization that provides business consulting services to non profit organizations and start-ups.
• Melbourne Microfinance Initiative: Melbourne Microfinance Initiative is a student led organization that provides microfinance loans and financial education to disadvantaged communities in Australia and abroad.
• University Network for Investing and Trading: University Network for Investing and Trading is a student run organization that provides opportunities for students to learn about and participate in investing and trading activities.
• Women in Commerce & Politics: Women in Commerce & Politics is a student organization that aims to empower women in business and politics through - networking, mentoring and career development opportunities.

Extra Activities for University of Melbourne MIM

• Galleries and Museums: University of Melbourne has several galleries and museums on campus including the Ian Potter Museum of Art, the University of Melbourne Library, and the Grainger Museum which showcase various exhibits and collections that promote art, culture and history.
• Cultural Commons: The Cultural Commons is a program that provides opportunities for students to engage with diverse cultural experiences and perspectives, through events, workshops and performances that celebrate multiculturalism and social inclusion.
• Guided Campus Tours: Guided campus tours provide students with an opportunity to explore the University of Melbourne campus, learn about its history, architecture and facilities and get familiarized with the resources and services available to them.

Scholarships for University of Melbourne MIM

• Melbourne International Undergraduate Scholarship: This scholarship provides financial support to international undergraduate students including those from India, who demonstrate academic excellence and potential.
• Graduate Research Scholarships: This scholarship provides financial support to international students, including those from India, who wish to pursue research-based graduate degrees at the University of Melbourne.
• Research Training Program Scholarship: This scholarship provides financial support to domestic and international students, including those from India who are pursuing research-based graduate degrees and who have demonstrated academic excellence and potential.
• Marie Skłodowska-Curie Actions: This program offers funding opportunities for international researchers, including those from India to undertake research and training at the University of Melbourne.
• Housing Bursary: This scholarship provides financial support to international students, including those from India, who are experiencing financial hardship and require assistance with housing costs.

Eligibility and Requirements

Eligibility

• An undergraduate degree in any discipline
• Students can only apply to 200 point plansplan. However, previous academic standing and coursework will be seen to award 50 points in advance and allow students to join the 150 point plan.
• Personal statement explaining why you want to take the course into account.
• An interview or any other proof the panel needs (if required).
• A minimum score of 6.5 in IELTS: 6.5. This business school does not accept applications with an IELTS score less than 6.0

Application Fees

• International students must pay a non-refundable application Melbourne MIM fees of AUD $120 for each application that you submit. This is paid at the end of the online application process by credit card.

Application Documents

• Degree certificate(s) or current certificate of enrolment.
• A one-page resume (CV).
• All official up-to-date academic transcripts and official GPA.
• GMAT or GRE or TAGE MAGE official test score report.
• English language proficiency exam score report (TOEFL or TOEIC or IELTS or Cambridge).
• Copy of Passport or ID card.
• Two completed online reference forms.
• Passport-style photo in .jpg or .jpeg format only.

GPA needed for University of Melbourne MIM

In order to be considered for entry into the Master of Management program at the University of Melbourne, applicants must have completed an undergraduate degree in any discipline or its equivalent. The Selection Panel will consider prior academic performance, with a weighted average mark of 65+ from a University of Melbourne equivalent being the minimum benchmark for consideration.

GMAT needed for University of Melbourne MIM

The University of Melbourne does not disclose its specific entry requirements for the GMAT exam. The GMAT is only mandatory for applicants to the Full-time Master of Business Administration (MBA). However, the average Melbourne MIM GMAT score for successful applicants to the Master of Management program is 650.

GRE needed for University of Melbourne MIM

The University of Melbourne does not disclose its specific entry requirements for the GRE exam. However, applicants should aim to achieve scores that are equivalent to the average GMAT score of 650 for successful applicants to the Master of Management program.

Average Work Experience needed for University of Melbourne MIM

Work experience is not a mandatory requirement for entry into the Master of Management program at the University of Melbourne. However, having 2 years of work experience is highly recommended for applicants, as it is taken into consideration by the Selection Panel during the admissions process.

Is IELTS needed for University of Melbourne MIM

The minimum English language requirements for the Master of Management program at the University of Melbourne is a Band 6.5 on the International English Language Testing System (IELTS) exam. Alternatively, they can submit a TOEFL score of 79 on the internet-based test, with a minimum score of 21 for Writing and 18 for Speaking. Students may also take the paper-based TOEFL, with a minimum score of 577 and a minimum TWE (Test of Written English) score of 4.5.

University of Melbourne MIM Deadlines & Admission Process

The University of Melbourne MIM program has specific application deadlines for both domestic and international students. It is important to note that these deadlines may change from year to year, so it is advisable to check the university's official website for the most up-to-date information. It is also recommended that students apply as early as possible to ensure ample time for their application to be processed and to arrange their travel and accommodation plans if they are accepted into the program.

University of Melbourne MIM Admission Process

• Entry Requirements: An undergraduate degree in ANY discipline, or equivalent; and a personal statement outlining why you wish to be considered for the course.
• Supporting Documentation: Submit supporting documentation, including academic transcripts, English language proficiency test scores, and any other required documents.
• Applying Online: Submit an online application via the University of Melbourne website.
• Application Fees for International Students: Pay the application fee (currently AUD $100) for international students.
• Confirmation of Your Application: Receive confirmation of your application, including a unique application number.
• Assessment Turn-Around Times: Assessment turn-around times vary depending on the volume of applications received, but typically take around 6-8 weeks.

When do the admissions start?

The Melbourne Business School has a deadline for its Master of Management program on 31st May for its July intake. However you should check the deadline of University of Melbourne MIM at its official website for getting into the best MIM university in Australia.

Career, Employment & Placement

University of Melbourne MIM students are offered reasonable assistance to kick start their careers in the right direction. With the Melbourne Business School’s strong network of alumni and a highly intense career management centre, the Masters in Management batches have always had an employment rate of more than 90% after graduation. Thus one can conclude that there are plenty of jobs after MIM.

University of Melbourne MIM Average Starting Salary

One of the most important factors for students pursuing a Master's in Management is the potential for a good starting salary. According to the University of Melbourne MIM Employment Report, the average Melbourne MIM salary for graduates of the program is $75,000 AUD per year. This is a competitive salary that reflects the quality of education and training that students receive during their time at the university.

University of Melbourne MIM Placement Statistics

The University of Melbourne MIM program boasts an impressive placement rate of 90%. This means that the vast majority of graduates of the program secure employment within a few months of graduation. The program has a strong reputation among employers, and many students receive job offers from top companies in their desired fields before they even graduate. The university's career center also provides extensive resources and support to help students find and secure job opportunities after graduation.

University of Melbourne MIM Employment Report

Is Melbourne MIM worth it? The University of Melbourne MIM program releases an annual Employment Report that provides detailed information on the job placement and salary statistics of graduates. According to the most recent report, 90% of graduates from the program were employed within three months of graduation, with the majority of these graduates securing jobs in the consulting, finance, and technology sectors. The average starting salary for graduates was $75,000 AUD per year, with many students receiving offers from top companies such as Deloitte, KPMG, and McKinsey & Company. The report also includes information on the types of job roles that graduates secure, the geographic locations where they are employed, and other useful insights for prospective and current students of the program.

Top Sectors Hiring MIM Graduates

With strong earnings and job security, a University of Melbourne MIM broadens the full career potential of candidates. Graduates of the University of Melbourne MiM programme can earn up to AUD 124,000 per year. Product manager, general manager, business development manager, operations manager, executive manager, project manager, capital and risk manager, management consultant, etc., are some of the job titles. Salaries typically vary from AUD 61,900 to AUD 203,000 per year.

Rio Tinto, Tesla, Clayton UTZ, PwC, Westpac, Accenture, Wesfarmers, BPH Billiton, GE Capital, and others are among the top employers of management graduates in Australia.

Companies recruiting from University of Melbourne MIM

Consulting

• McKinsey & Company - A multinational management consulting firm that provides strategic, organizational, and operational advice to companies and governments.
• Strategy& - A global strategy consulting firm that helps clients in diverse industries solve their toughest challenges.
• Bain and Co. - A management consulting firm that advises clients on private equity, mergers and acquisitions, operations excellence, and strategy.

Finance

• Commonwealth Bank - A leading provider of integrated financial services including retail, business, and institutional banking, funds management, superannuation, insurance, and investment services.
• Deloitte - A global professional services firm that provides audit, consulting, financial advisory, risk management, tax, and related services to clients in various industries.
• PWC - A global professional services firm that provides audit, assurance, advisory, tax, and consulting services to clients in various industries.

Technology

• Kraft Heinz - A global food and beverage company that produces and markets various food and beverage products worldwide.
• Johnson and Johnson - A multinational corporation that develops, manufactures, and markets a broad range of healthcare products, including pharmaceuticals, medical devices, and consumer health products.
• Natures Organic - A natural and organic food company that produces and distributes a wide range of healthy food products for consumers.

MIM Alumni at University of Melbourne

The Melbourne MIM alumni network consists of successful stories of top executives and entrepreneurs. They have achieved positions in Mckinsey, Amazon, and Philips. More than 60,000+ alumni are working across different sectors. In addition, the network organises many events to facilitate exchange between students and members. So, once you graduate from the University of Melbourne MIM you become a part of a notable alumni group.

Some Famous Alumni

• Ross Oakley, Former CEO of the AFL
• Adam Garone, Founder, Movember

University of Melbourne MIM Application Essay

In order to be considered for entry to the University of Melbourne MIM program, your application must include a personal statement of no more than 500 words. It should describe your personal motivation to undertake further study, and can include details of your personal circumstances as well as your life and work experiences. It should emphasise any aspect of your personal history that may enhance your application, including extra-curricular activity, community involvement, work experience, relevant personal characteristics and any outstanding achievements.

Essay 1 (Personal Statement)
A personal statement outlining why you wish to be considered for the course.

Tips for University of Melbourne MIM Essays

Crafting a compelling personal statement is a critical component of the application process for the University of Melbourne MIM program. Here are some tips to help you write some strong Melbourne MIM essays that aligns with the program's values:

• Showcase your understanding of the University of Melbourne MIM program by highlighting its unique features and how they align with your career goals.
• Highlight your relevant experiences and skills that make you a strong candidate for the program, and how they will contribute to the program's diverse community.
• Emphasize your passion for the field of business and your motivation to pursue a Master's degree in management, and how this degree will help you achieve your career aspirations.
• Discuss your experience working in a global or cross-cultural setting and how it has prepared you to contribute to the program's global perspective.
• Demonstrate your ability to think critically and analytically, and how you will apply these skills to excel in the program's rigorous academic environment.

Letter of Recommendation(LORs)

When applying to most programs at the University of Melbourne MIM, applicants are required to submit professional referees as part of the application process. It is recommended to choose referees who have worked with you in a professional capacity, such as a manager, supervisor, or stakeholder who can speak to your skills and experience relevant to the program you are applying to. Referee reports from friends or relatives will not be considered, as they may not provide an objective assessment of your abilities and suitability for the program.

Interview Questions

Set 1:
Q. Please introduce yourself 
Q. Why do you want to pursue the University of Melbourne MIM? 
Q. Why a master’s degree now, why not do a MIM?
Q. What are your future plans? Or what are your short term and long term goals?
Q. Why this particular company? What do you know about this role?
Q. What’s your plan B if your career plans don’t work out?
Q. Why not study in your home country?
Q. Have you ever lived in any other country or interacted with people from different countries?
Q. What are your major strengths and weaknesses?
Q. Which other schools have you targeted and why?

Set 2:
Q. Would you be able to work under pressure with people of different nationalities? Could you give us an example of how you would succeed in this?
Q. How will you add value to the school and your batch mates?
Q. How will a degree from Melbourne Business School, help you in the future? Or what will be your key learnings from this degree?
Q. How do you plan to use the resources of the school?
Q. Can you tell me how you got the “Z” result in an internship you had undertaken? What were the steps you took?
Q. What are the skills required to enter your dream company? Which skills do you have already, and which skills do you need to develop?
Q. How do you plan to deal with placement opportunities? Getting a work visa can be tricky
Q. How would you translate your teamwork from your past experiences to the environment at Melbourne Business School?
Q. The work you did on project X seems interesting, can you elaborate on the same?
Q. What has been your biggest obstacle so far, and how have you conquered it?

Tips for University of Melbourne MIM interview questions

Preparing for an interview can be nerve-wracking, but being well-prepared can help alleviate some of the stress. Here are a few tips specifically tailored for University of Melbourne MIM interview questions:

• Research the program and the university: Before the interview, make sure you have a good understanding of the University of Melbourne MIM program and the university itself. This will help you tailor your answers to the specific values and culture of the school.
• Practice your responses: Practice answering potential questions with a friend or family member. This will help you feel more comfortable and confident during the actual interview.
• Use specific examples: When answering questions, use specific examples from your past experiences to illustrate your skills and accomplishments. This will help you stand out and show that you are a strong candidate.
• Be authentic: While it's important to prepare and practice, it's equally important to be authentic and genuine during the interview. Be yourself and let your personality shine through.
• Prepare questions to ask: Be prepared with a few questions to ask the interviewer at the end of the interview. This will show that you have done your research and are genuinely interested in the program.

What Makes University of Melbourne Unique?

The University of Melbourne MIM is a unique program that stands out among other MIM colleges in Australia for several reasons. Melbourne Business School has been ranked the number one university in Australia by the Times Higher Education, 2022. Not only its Master in Management program is exceptional, but MBA and Executive MBA programs have also been ranked number 1 by the Financial times(2021-2022), QS(2022), and the Economist(2020- 2021). Here are a few facts about University of Melbourne MIM that makes it unique - 

• High rankings and reputation: University of Melbourne MIM is ranked number one in Australia by the Times Higher Education, 2022, and its MBA and Executive MBA programs have also been consistently ranked number one by various ranking bodies.
• Focus on sustainability: The school has a strong focus on sustainability and encourages its students to consider the impact of their actions on the community and the environment.
• Global network and dynamic student experience: Students benefit from a dynamic student experience, including student exchange programs, mentoring, student clubs and organizations, and the opportunity to complete internships or consulting courses in Melbourne or overseas. They also join a network of over 60,000 business alumni in over 100 countries.
• Wide range of elective options: Students can build a strong career foundation by choosing from a wide range of elective options across business disciplines, including entrepreneurship, international business, operations, sustainability, and supply chain management, as well as the possibility to add in crucial subjects from the arts and communication.
• Commitment to developing emerging leaders: The school is committed to developing emerging leaders who will foster and defend economic progress, social equality, shared prosperity, and environmental resources for the benefit of everybody. This focus on leadership development sets University of Melbourne MIM apart from other programs.

Conclusion

To summarize, the University of Melbourne MIM program is an exceptional program that equips students with a strong foundation in international business management. With its emphasis on experiential learning, hands-on consulting projects, and an international study tour, students are exposed to diverse business environments and gain invaluable insights into global business practices. The program's curriculum is also designed to provide students with a broad range of skills in areas such as strategic management, marketing, finance, and operations. Overall, the University of Melbourne MIM program is an excellent choice for those seeking a challenging and rewarding educational experience in international business management.