Last year, IUM offered a "PreMBA" that was designed to give students an intro into the business topics. Our advice? Don't waste your money. The two week courses offered just a scratch of the surface of basic basic information that can be freely gathered on the web. Don't know what Present Value or Future Value are? If you don't, you probably should be thinking how you got accepted to an MBA program in the first place. If you do, realize that the people that will be sharing your classes all year probably don't know.
Take your 3600euros and save it. Or buy a tutor for a couple of weeks wherever you are and keep the leftover.
Saturday, July 17, 2010
Tuesday, July 13, 2010
Accreditation at the International University of Monaco
One question for AMBA (the association of MBAs) is how they accredited a program where several students (at least 5 out of 26) did not complete their GMAT until after the 1st semester was over). How can a business school accept applicants who have not written the GMAT prior to admission?
I have been asked a few times since this week if the International University of Monaco's programs are accredited.
The MLUX (Masters in Luxury), the MFIN (Masters in Finance), and the MIBGA (Masters in International Business and Global Affairs) are NOT accredited. What does that mean?
http://www.articlesbase.com/college-and-university-articles/why-is-accreditation-important-while-selecting-a-college-964141.html
"When choosing a degree program, one important factor to consider is to check which agencies have accredited the school or the program in which you are interested. Visit the school’s website and look for the accreditation symbols. Most colleges will have a page devoted to accreditation but if you are still not satisfied, contact the issuing authority to find out more information. Even though accreditation may not seem the likely place to begin when investigating your college, it is a reliable starting point of an indication of the institution’s academic offerings and to decide whether it’s the best investment of your money and time."
Further:
" -- Transfer of credits is only possible from one college to another, if both are accredited.
-- Applying for a job after you graduate might prove to be difficult if your qualifications or degree has been granted by a school that is not accredited. In short, your entire education might be proved to be a waste of time, effort and money."
I have been asked a few times since this week if the International University of Monaco's programs are accredited.
The MLUX (Masters in Luxury), the MFIN (Masters in Finance), and the MIBGA (Masters in International Business and Global Affairs) are NOT accredited. What does that mean?
http://www.articlesbase.com/college-and-university-articles/why-is-accreditation-important-while-selecting-a-college-964141.html
"When choosing a degree program, one important factor to consider is to check which agencies have accredited the school or the program in which you are interested. Visit the school’s website and look for the accreditation symbols. Most colleges will have a page devoted to accreditation but if you are still not satisfied, contact the issuing authority to find out more information. Even though accreditation may not seem the likely place to begin when investigating your college, it is a reliable starting point of an indication of the institution’s academic offerings and to decide whether it’s the best investment of your money and time."
Further:
" -- Transfer of credits is only possible from one college to another, if both are accredited.
-- Applying for a job after you graduate might prove to be difficult if your qualifications or degree has been granted by a school that is not accredited. In short, your entire education might be proved to be a waste of time, effort and money."
Thinking about the International University of Monaco?
What can we say, another year at the International University of Monaco is finished.
What can we tell the people for next year who are coming to expect? Expect a small class size. That normally sounds great but what it also means is that your MBA class will be shared with masters students. And if you thought a 400 score on the GMAT would guaruntee a low level of maturity, sharing your classroom with 15 or so 20 year old masters student, most of which came right from the bachelor program, you'll be shocked.
Rumors are abounding that IUM is painting and renovating the 2nd floor and the classroom. Yes, the classroom. There is only one, with movie theatre style seating that proves to make cramped quarters even more so. The room is called MBA2.... we never figured out where MBA1 was. Maybe it was just a clever marketing ploy to make the hallway which they call a university seem bigger.
What about study areas?
IUM has them... they are called round tables in square cubes along the hallway. With the amount of foot traffic on the floor, you can rest assured that there won't be any quiet time.
There is a study room in the back, behind the infamous MBA2. That has enough seating for 15 students. Again, not very quiet, and when the AC doesn't work (which is the norm), it gets real stuffy, real fast.
But you can always go to the library... With enough seats to hold 15 or 20 students, and the size of a small studio apartment in London, you aren't going to find much room there either.
In the MFIN program, we have our own room that was separated off from the rest of the school, thank goodness for that.
What can we tell the people for next year who are coming to expect? Expect a small class size. That normally sounds great but what it also means is that your MBA class will be shared with masters students. And if you thought a 400 score on the GMAT would guaruntee a low level of maturity, sharing your classroom with 15 or so 20 year old masters student, most of which came right from the bachelor program, you'll be shocked.
Rumors are abounding that IUM is painting and renovating the 2nd floor and the classroom. Yes, the classroom. There is only one, with movie theatre style seating that proves to make cramped quarters even more so. The room is called MBA2.... we never figured out where MBA1 was. Maybe it was just a clever marketing ploy to make the hallway which they call a university seem bigger.
What about study areas?
IUM has them... they are called round tables in square cubes along the hallway. With the amount of foot traffic on the floor, you can rest assured that there won't be any quiet time.
There is a study room in the back, behind the infamous MBA2. That has enough seating for 15 students. Again, not very quiet, and when the AC doesn't work (which is the norm), it gets real stuffy, real fast.
But you can always go to the library... With enough seats to hold 15 or 20 students, and the size of a small studio apartment in London, you aren't going to find much room there either.
In the MFIN program, we have our own room that was separated off from the rest of the school, thank goodness for that.
Sunday, June 20, 2010
Grading system at IUM
I didn't take the ethics class, because it was not in my pathway, but let's discuss ethics in grading...
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