Generally speaking,the Australian business school is not as generous as American Bus-schools, persay tuition waiver/scholarship assistants. Applicant's gmat score should be decent and convices the school to invest you as an advertisement to attract other talented international students. The full-time student number of this school is small, less than that of Tuck, limiting the availability of scholarship. It is heard recently that school will provide more full-tuition scholarship opportunities to international students.
Some prejudice and comments, it they are, makes this school beyond reach of being understood well. Its location makes it hard to attract the best quality applicants. However, its teaching excellence and research vigorous and being integrated within Melbourne Uni makes it one of backups for the applicants who might not be able to keep their standholds on the top US schools. FT ranking is reasonable, this school is aboslutely not the first tier B-school, but its future looks promising, if it can utilize possible resources to attract world top faculty and best students and differentiate it from the other second tier schools and approach to US school circles.
To refer ranking in B-school choice, more often than not, is easily biased. No arguement for the top 10 (even top 20) schools are best, as the first tier entry barrier is high for other following schools to penetrate. After 20, it is hard to rank schools unanimously. There are 50 schools in the world label themselves as world top 30 is a true story. Ranking is a Vanity Fair.
Anyway, I talked something beyond LZ's issue. Wraped up, none of the best school in each country worldwide is weak.
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