Entries Tagged 'MBA Overseas' ↓

Now Fund Your Studies Through Education Loan

education loan
Studying abroad is expensive and you might need loan to pursue your studies. In order to make sure that no student is denied of pursuing higher education, various banks in India have come up with educational loan schemes. The demand for the loans is on a rise as the cost of education is escalating over the years.

You are eligible for a loan if you have secured admission in any of the bank’s list of approved courses or universities.

Expenses considered for loan:
* Fees payable to school/hostel
* Examination/Library/Laboratory fees
* Purchase of Books/Equipment/Instruments/Uniforms
* Caution Deposit/Building Fund/Refundable Deposit
* Travel Expenses/Passage money for studies abroad
* Any other expenses required to complete the course like study tours, project work etc.

SBI, Bank of Maharashtra, IDBI, Allahabad Bank, OBC, UBI, Bank of Baroda are some of the banks that provide educational loan in India.

The documents needed to be furnished to avail the loan:
1) Completely filled Application Form with Photographs.
2) Letter of admission from the Institute.
3) Letter from the Institute stating expenses of the program (term-wise, year-wise)
4) Documents for the Applicant & Co-applicant (Residence Proof, ID Proof, Signature Verification Proof, Age proof)
5) Mark sheets from SSC onwards till the latest examination passed.
6) Income Documents of the Co-applicant (Pay Slips / ITR copy etc)
7) Declaration/Affidavit confirming that no loan has been availed from other Bank/Institution

If you are planning to study abroad then following documents will also be required:
8) Visa approval papers
9) Travel documents
10) GRE/GMAT/SAT score
11) I-20 in case of applicant going to the USA

Key Factors To Find Accommodation In UK

Starting life at an International University can be tough. Although finding good accommodation can be worrisome, a little research before you leave will go along way.

Campus accommodation V/s off-campus accommodation
Some universities have a three-tier system of accommodation for overseas students. Usually, one is guaranteed accommodation on campus in the first year. This helps foreign students fit in. In the Second year, it is necessary to look for off-campus accommodations. These could be either at one of the properties managed by the university for local landlords or a private one. In the final year, with all the added pressures of finishing a degree, you are guaranteed campus accommodation once again.

UK UniversityGenerally, Indian students go for campus accommodations. This can be a good or bad move depending on a number of factors. If your university is a ‘campus university’, it is likely to be situated away from the city centre. Thus you will have to take a short bus ride to the campus. Living on campus means that you are close to all university facilities such as the library and the students’ union. It is also considered safer.

On the other hand, if your university is in London or any other major city, there will be public transport to the campus. Buildings of the university are scattered. In this case, choosing to stay in the university’s student residence will not provide easy access to the facilities.

Students tend to over-estimate costs. Weekly rents for a room could range from 50 pounds (approx Rs 4,000) to 100 pounds (approx Rs 8,000) per week, depending on the standard of student accommodation. This costs as much as renting a room or a flat in town.

As a pattern, students choose campus accommodation in their first year and move off campus in the second in order to see more of their surrounding areas. Staying with a group of friends in a rented apartment, works out cheaper.

Go to your university’s estates service to find out about off-campus accommodations. They usually have a list of properties that they manage on behalf of local landlords. However, do not limit yourself to the list. Approach local estate agents for properties which are solely advertised for students. Look at several properties to get an idea of what is available, where and at what price.

There are useful websites where a lot of student properties are advertised. Feeding your search engine with ‘student accommodation’ will throw up good results. Some websites you could visit are www.accommodationforstudents.com, www.homesforstudents.co.uk, www.studentpad.co.uk. Most local estate agents also have websites with portfolios of properties. Browse through them and identify properties that you want to view.

Two things you should remember while making a decision:
• View as many properties as you can even if the process is lengthy
• Consider various factors like distance from campus, cost, quality, neighborhood, etc

Renting a property
You (or your group) will have to sign a tenancy agreement usually covering a period of one academic year. Read the document carefully. This is a legally binding document, making you liable to pay rent for the entire period.

Estate agents charge administration costs of between 20 pounds (approx Rs 1,500) and 50 pounds (approx Rs 4,000) per person. They may ask for a copy of your student status letter (available at your university) and a copy of an identification document (usually your passport).

Location, type and quality of accommodation decide the extent of rent you pay. Properties in some areas are simply more expensive than others. A security deposit is required to be made, usually in the range of a month’s or a month-and-a-half’s rent on the entire property. This will be refundable at the end of your tenancy. This is of course subject to the condition of the property since you moved in.

Usually agents also collect the rent on behalf of the landlord. You might have to set up a standing order on your bank account. This means that on a certain date (usually the first of every month), your share of the rent will be debited from your account and transferred to the agent’s account.

Some properties are advertised inclusive of utility bills whilst most are advertised without. Find out from the agent who the providers are for the property. Contact them to open an account in your name and give meter readings. Make sure to call them again, give meter readings and close the accounts when you move out. This will prevent receiving bills for periods that you haven’t lived there. Full-time students are exempt from council tax.

On Guard!
Indian students are advised to spend an extra 10-15 pounds (approx Rs 800-Rs 1,000) a month for tenants’ contents insurance from a reputable broker. This is because student properties are often targeted by burglars and it is better to insure your valuable possessions.

Estate agents are salesmen, and will always talk up the property. Don’t get carried away. Inspect property for yourself. Landlords may want to extract money from you. Be prepared for an unwillingness to return deposits in full. The contactor might even make deductions claiming that you are responsible for damages to the property. Photograph the interiors of the property when you move in. They can be used as evidence of the condition when you move out. Thus, you can claim a full refund of your deposit.

The contractor is responsible for issues like leakages and the likes. Contact him to rectify the problem.
If you are cautious and take all precautions necessary, living in the UK can be fun!

All About The Application Process For International MBA

There are two ways to apply for an MBA:
1.First take the GMAT (the Graduate Management Aptitude Test), then decide which B-school to go to and proceed with the application process for each school.
2.The second option is to decide on the B-School, then take the GMAT, and proceed with the application process.

The former process allows one to process the GMAT results and accordingly target schools which are likely to accept your scores. This helps decide on the schools that you really want to get into and those that are your backup. Target schools efficiently and be resourceful.

The latter process takes for granted that one would get the GMAT score required for the schools selected. This is perhaps suitable only for those who are sure of their capability to get into the school. The advantage is that one’s efforts are directed based on the specific goal of getting into specific schools.
If you are aware of the GMAT score you want to reach, you could set a higher goal so that even if you fall short, you will still have the score you require. Assuming that such efforts would pay off well, one reduces the chances of giving up one’s desire of going to the school you hope to.

GMAT is an expensive test to register for. The GMAC, the Council that governs the GMAT, allows a candidate to have his/ her scores sent to five B-schools. Sending score reports to any additional schools would attract an additional fee for each additional school. To not resort to any additional score reports you have to make the decision on the schools before taking the test.

The application process is a lengthy one and includes unexpected running-around.
• Register for the test
• Take a mock test
• Gather study material and reference books
• Study
• Exchane notes and relevant topics with other applicants and discuss the same with them
• Attempt more mock tests

• Register for TOEFL
• Gather and study material

• Visit all the UG/ PG institutions you were a part of and check if they had a format for Transcripts
• If they do, then request them to prepare transcripts; if they don’t, prepare a format for them to fill up
• Revisit the campuses to collect transcripts
• Make copies of the transcripts and get them attested
• Enclose attested copies and original transcripts in envelopes and revisit the campus to get the institutions’ stamp across the seal

• Contact prospective recommenders to ask if they are willing to write recommendations.
• Make appointments with those who have agreed, to discuss the content of your recommendation
• Prepare a list of probable questions that the recommender may have to deal with
• Provide recommenders with the questions to fill out
• Contact them and fix a time to collect their responses. Carry envelopes along with each recommender’s name and the name of the school on it. Ensure that the response forms sealed in the envelope and signed across the seal

• List the essay topics of all the schools to be applied to
• Consider important points and intended content for each topic
• Write the essay
• Tailor-make an essay for every school
• Rework on your content
• Share with peers or professionals who will give an honest review of your work
• Revise and rewrite

Postage/ Courier
Make arrangements for sending transcripts and recommendations. While most schools have online application forms, some cases still require a hard copy of the application.
• Check out costs for international express delivery, post, etc. and the time each will take to deliver
• Ask if discounts are offered to students
• Fix a date for courier visit/ postal delivery

• Fill in the online application forms
• Take print-outs of the completed form where necessary
• Pay application fee, which is usually through a credit card or a bank draft

Points to Remember
• Get the GMAT and TOEFL out of the way quick.
• Ensure that you have time after the test to complete all formalities.
• Before you fully concentrate on preparing for the tests, tour alma maters and workplaces to set the transcript and recommendation process in motion.
• Ensure that you follow up on progress by revisit to the campuses and offices.
• Don’t be lazy about the essays or presume that you will be done before the deadline. With all the traveling you will have to do to get work done, you may not have enough time to complete them in time.
• Pay attention to every aspect of the application. One can never tell what might put off an application reviewer. Plan the application cycle so that every aspect gets its due importance.

10 Tips For a Successful Overseas Business School Application


Needless to say, ambitious MBA aspirants wish to secure admission in top MBA programs. Anyone who wants to be a part of a successful MBA business institution, works for years. By the time you apply, you are already successful at a job. However, the real challenge lies in your passion and dedication to get into your dream MBA institution. In other words, to get the best, you will have to compete with the best.

A successful person makes the most of every opportunity that comes his way. It is a wise attitude to realize your dreams. After coming a long way, you should not make the mistake of not gathering information and advice from reliable sources, who can help you get to your dreams.

Overseas MBA: Top Ten Tips
1) Prepare to put in your application well in advance
2) Request at least two suitable people to review your application
3) Seek advice if you need to work on any weak areas in your application
4) Be yourself. Do not imitate anyone else
5) Submit your application on time. However, don’t rush through it. Check for any mistakes and errors
6) Don’t undermine the importance of recommendations
7) Have mixed recommenders - one who knows you well and one for prestige
8) If you are on the waiting list, it does not mean you are rejected
9) Know exactly why you are opting for a particular business school
10) A good GMAT score helps

Know Everything About Working In UK While You Study


There are opportunities galore of working and studying in the UK, during your studies and even after your studies. These include vacation work, part time work and even course related job placements. You can learn about various part time jobs made available by consulting notice board close to your institution. You can also look up local newspapers and inquire at job centers. You can also visit your university or college’s career office. Many institutions are equipped with their own ‘job shops’ that issue job vacancy bulletins, holiday vacancies and part time jobs. Other services offered by these institutions help you with training, further studies and employment advice. Some institutions even help you with the job hunting process.

Before you take up a job, make sure you have enough time to devote to it. Your course should be your first priority. Ensure you divide your time strategically and wisely. Don’t allow your work get in the way of your studies.

You are free to work in the UK if you are a European Economic Area National or a Swiss National. However, you need to follow some procedures if you are student applying from outside the European Economic Area.

The work policy for international students is different. It is important to check your visa sticker or passport stamp to ascertain if you are allowed to work. You can check the website of The Department of Children, Schools and Families (DCSF) for additional information.

If your visa or passport allows you to work, you can work so long as the following conditions are met:

1) You don’t run your own business and you are not self emplyed. You don’t provide services as an entertainer or a professional sports person.

2) While doing your vacation work or part time job, the money that you make cannot be used for visa application or your entry clearance. This is to prove that you can meet the cost of living and studying in the UK without depending on employment. You need to provide an evidence of your guaranteed earnings if you wish to include it in your entry/visa clearance application.

3) During your term time, your total working time cannot exceed a maximum of 20 hours per week.

If you are a graduate from a reputed UK higher education institute, with a degree to your credit, you can send a ’stay on’ application and work for a year under the International Graduates Scheme (IGS).You are entitled to work only if you apply within one year of finishing your graduation. Furthermore, all students graduating from a degree, postgraduate course or an HND can apply to stay in Scotland for two more years after graduation, under the Fresh Talent Scotland Initiative.

10 Ways To Get A High GMAT Math Score


If you wish to get into a top notch business school, a high GMAT score is a must. The test comprises of three main parts: GMAT Verbal, Analytical Writing and Math. GMAT students usually undergo lots of practice in the writing and verbal department. As a matter of fact, a high math score is most important. So how do you secure an exceptionally high math score? Well, just follow these tips to better your mathematical skills.

1) High School Math: GMAT math is almost like the math you studied at high school. In fact, the program is much shorter compared to math in high school days. The only hassle being one cannot easily recall what they studied years ago. A committed course of action helps here. It will help you recollect what you already know. All you GMAT aspirants just need to lay your hands on old high school books, and familiarize yourselves with the concepts and rules mentioned therein.

2) Adapt to the structure: GMAT is based on high school math and its content is specific. However, what makes the test difficult is the manner in which the questions are asked. As far as word problems in the GMAT exam is concerned, it demands great reading of questions. Most aspirants acquaint themselves with the structure of the exam and try to adapt themselves within the framework of the exam structure.

3) Computer - adaptive exam: What makes GMAT math unique is not merely the way the questions are asked, it also has a different approach when it comes to the order of math. The way you undertake the adaptive way of the test influences a high GMAT score. You need to build up stamina to be able to deal with high end math questions.

4) Word problems: As per studies, those who get a high GMAT score are amazingly good at solving word problems. There are two chief reasons for it-
a) Approximately one-third of math questions are word problems.
b) Solving word problems does not demand understanding a new math topic. You need to follow a simple rule- Understand word problems word by word in the same order. If you translate it correctly, those difficult looking problems will appear to be solvable and easy.

5) Practice more: You need to practice a lot to obtain a high GMAT score. The time you spend in the classroom with your tutor is not enough. Coaching classes expose you to the basic principles of the exam, but until you practice yourself, you will not get exceptional results.

6) Study material: Many a times, students look for the best GMAT book. Given recent developments like GMAT CD/DVD, Flash card, GMAT examination toolkit, Audio book, the search for the best study aid has become even more challenging. Instead, you should choose a course that offers more contact hours or buy a CD or a book that is easily available.

7) GMAT Math training time: You don’t get results overnight. You need more than two hours of math practice for more than two months at least. The test demands rigorous learning, determination and commitment.

8) Days before the exam: If you think you will study the entire day on the day of the exam and pass out with flying colours, you are mistaken. In fact, you should stop studying math at least two days prior to the exam.

9) Take GMAT practice tests: It is not enough if you are familiar with the types of questions asked in the exam. Theoretical awareness of the GMAT format is also not enough. What is most important is a lot of practice with simulated tests.

10) A high GMAT score is not the be all and end all: A high GMAT score has many advantages. You have an edge over other students when securing admission in business schools. However, if you end up getting an average score, don’t lose heart. Luck also plays an important role after all.

3 Types of US Student Visa you should know about

There are three types of visas. Of these, the F-1 and the J-1 are the most common.

F-1 (Student Visa). The F-1 visa is for full-time students enrolled in an academic or language program.
F-1 students may stay in the US for the full length of their academic program plus 60 days. F-1 students must maintain a full-time course load and complete their studies by the expiration date listed on the I-20 form.

J-1 (Exchange Visitor Visa). The J-1 visa is issued for students needing practical training that is not available in their home country to complete their academic program. The training must be directly related to the academic program. The J-1 visa obligates the student to return to their home country for a minimum of two years after the end of their studies in the US before being eligible to apply for an immigrant (permanent residence) visa.

M-1 (Vocational Student Visa). The M-1 visa is issued for students attending non-academic trade and vocational schools. The M-1 visa is valid for at most one year. Recipients of an M-1 visa may not change fields of study. Switching from an M-1 visa to a F-1 visa is not permitted.

How to apply for US Student Visa

 USA student visa You can apply for a visa only after you receive the requisite I-20 or IAP-66 form from the institution you have been accepted to.

To enter the United States as a student, the applicant must apply for a student visa at the US Embassy or Consulate in their home country. Visa applicants must make an appointment for a visa interview and fingerprint collection.

Before going to the interview appointment, the applicant has to pay two fees:

1) the student visa application fee, which is paid at a local bank where you will receive a receipt, and

2) the SEVIS (Student and Exchange Visitor) fee, which is paid online. The applicant may pay by check or money order drawn on a US bank and payable in US dollars or by Western Union.

The personal interview is required of most US student visa applicants, thats why you should learn about the process at the particular post where you’ll apply and make an appointment in advance. Many documents has to be gathered before making an appointment. You should take care that the appointment date should be made at a time that you will have all your documents in hand.

In case of a visa denial don’t get upset. Unlimited attempts are allowed with a gap of three working days between each attempt. You must produce fresh documents for each new attempt.

image source: http://hyderabad.quikr.com/tu63293366_1

Contact details of United States Councellor offices and American Centres in India

NEW DELHIUS Consulate, US Embassy

U.S. Embassy, New Delhi
Shantipath, Chanakyapuri
New Delhi - 110021
Tel: 011-2419-8000

email: newdelhi@pd.state.gov



American Center
24, Kasturba Gandhi Marg
New Delhi - 110001
Tel: 011-2347-2000



Consulate General of the United States of America, Chennai
No. 220, Anna Salai
Chennai - 600006
email: chennaic@state.gov


American Center
No. 220, Anna Salai
Chennai - 600006
Tel: 044-2857-4000
email: chennairefdesk@state.gov



U.S. Consulate General, Mumbai
Lincoln House
78, Bhulabhai Desai Road
Mumbai - 400026
email: webmastermumbai@state.gov


American Center
4, New Marine Lines
Mumbai - 400020
Tel: 022-2262-4590
email: webmastermumbai@state.gov



Consulate General of the United States of America, Kolkata
5/1, Ho Chi Minh Sarani
Kolkata- 700071
Tel: 033-3984-2400
Fax: +91-33-2282-2335
email: KolkataPAS@state.gov


American Center
38/A, Jawahar Lal Nehru Road
Kolkata - 700071
Tel: 033-2288-1200
email: KolkataPAS@state.gov



Hyderabad Consulate General
Paigah Palace
Chiran Fort Lane,
Secunderabad- 500003
Andhra Pradesh
Tel: 91-40-40338300

Each visa section has a jurisdiction as noted below:

New Delhi: States of Delhi, Uttar Pradesh, Jammu and Kashmir, Punjab, Rajasthan, Haryana, Himachal Pradesh, Uttaranchal and Bhutan.

Chennai: States of Tamil Nadu, Kerala, Karnataka and the Union Territories of Lakshadweep islands and Pondicherry.

Mumbai: States of Maharashtra, Goa, Gujarat, Chhattisgarh, Madhya Pradesh, Union Territories of Daman and Diu, Dadra and Nagar Haveli.

Kolkata: States of West Bengal, Bihar, Jharkhand, Manipur, Nagaland, Mizoram, Tripura, Meghalaya, Orissa, Sikkim, Arunachal Pradesh, Assam and the Union Territories of Andaman and Nicobar Islands.

Hyderabad: State of Andhra Pradesh

Image source: http://www.coroflot.com/public/individual_details.asp?individual_id=111779

All you need to know about Student Visa fees

Other long-term entry categories include Highly Skilled Migrant Programme (HSMP); sole representatives; investors; setting up in business; UK grandparents. If you are applying as a dependant of anyone in these categories, you should pay the same fee as the main applicant.

(a) VFS charge a fee of Rs. 455/- is levied per applicant by VFS in addition to the visa fees. This includes 12.24% Service Tax & Cess.
(b) Fees are payable per applicant, including children and are non-refundable. An official receipt must be obtained for all the payments made.
(c) You could avail of the optional courier return facility wherein your passport will be returned back to you at your home / office address via a courier, for a nominal charge of Rs.170/- per passport inclusive of 12.24% Service Tax & Cess