Project on Doing MBA in India and in Abroad

8/14/2019 Project on Doing MBA in India and in Abroad

1/28

Overview of MBA course

INTRODUCTION:

MBA is the common abbreviation used for Masters of BusinessAdministration . The Master of Business Administration (MBA) is a MastersDegree in Business Administration, which attracts people from a wide range of academic disciplines. The MBA designation originated in the United States,emerging from the late 19th century as the country industrialized andcompanies sought out scientific approaches to management.

The management programmes help aspiring managers to becomeeffective decision makers in their fields through upgradation of knowledge and

managerial skills. The programme broadens the overall perspective of thestudents so that they can become catalysts for change. It develops conceptual,interpersonal and management awareness for implementation of newstructures and strategies. It also improves managerial effectiveness andprepare managers for more senior positions. In this programme students learnto win and in seeking to win they imbibe new forms of competitive behaviorthat are ideal for todays highly chaotic business condit ion.

The core courses in the MBA program are designed to introduce studentsto the various areas of business such as accounting, marketing, human

resources, operations management, etc. Students in the MBA program have theoption to select an area of specialization and focus approximately one-third of their studies in that area. Accreditation bodies exist specifically for MBAprograms to ensure consistency and quality of graduate business education,and business schools in many countries offer MBA programs tailored to full-time, part-time, executive, and distance learning students, with specializedconcentrations .

In the era of Globalization, students of management will have to developskills of quick learning and equally quick decision making. As Managers, one

will be exposed to business without physical boundaries of the nation. You willhave to develop skills to work with people with diverse culture and workpractices.


2/28

REASONS FOR JOINING MBA:

If you have an undergraduate degree in any field, have at least two yearsof managerial, professional or equivalent experience and wish to make the verybest investment you can make in your future career success, study leading tothe award of a Master of Business Administration (MBA) is for you.

An MBA develops appropriate skills and knowledge in two ways: bymeans of what students have the opportunity to learn and by how they learn it.

Typically, a good MBA will include the opportunity to study around sixteensubjects, which provide a broad portfolio of business-related skills andknowledge. These subjects include fundamentals such as accounting,economics, the study of organizations, quantitative methods, and the elementsof international management, and then scope for more intensive study in fieldssuch as finance, people management, information technology, marketing,international management and general management. Specific topics withinthese fields could range from entrepreneurship to quality management or fromderivative securities to operations management. But the way in which studentslearn within an MBA is even more important than the topics they study.

Students within an MBA program often have quite extensive experienceof the business world; hence they represent a key resource in the learningprocess. The quality and experience of students themselves, of the facultymembers, and of the learning resources and facilities available to both arecrucial to the quality of the learning environment. In these circumstances,faculty members in a good MBA program assume more of the role of facilitators

than of 'teachers'. The learning process becomes one in which students acquire

enlightenment knowledge, skills and growing self-confidence as a result of being exposed to diverse learning opportunities such as individual research,group projects, guest lecturers from business and government, classdiscussion of real-life cases, and from delivering individual and grouppresentations to audiences of their peers.

From this ferment of rich educational development, the better students

emerge with an ambition 'to change the world' and more importantly, the skillsand self-confidence to do so! Whilst all MBA graduates must gain experienceand earn their advancement 'on the job', the MBA provides a powerfulconceptual framework within which they are able to derive the greatestadvantage from that experience.


3/28

Admission to any business schools requires passing the CommonAdmission Test (CAT), XAT , GMAT, JMET or MAT each of which qualifiescandidates for entrance into any management institutions in India, apart fromthese entrance tests there are few business schools which conducts aptitudetest individually which qualifies candidates for that particular business school.

Common Admission Test (CAT) is an all-India test conducted by theIndian Institutes of Management (IIMs) , considered to be the most prestigiousB-schools of India. It is an entrance exam for students who want to pursuePost Graduate level Management D egree from world renowned IIMs.Performance in Common Admission Test or CAT, followed by GroupDiscussions and Personal Interviews, serves as the basis for admission. Apartfrom the IIM's, a candidate can take admission in many other business schools

with a CAT score.

Xavier Admission Test (XAT) is a national level entrance exam, foradmission into the post graduate management programmes at XavierInstitutes, conducted by Xavier Labour Relations Institute (XLRI),

Jamshedpur. Besides XLRI and other Xavier Institutes, hosts of other reputed Top B-Schools in India also accept XAT scores including Loyola Institute of Business Administration, Chennai and Goa Institutes of Management, IndianInstitute of Finance, New Delhi and S P Jain Institute of Management andResearch, Mumbai.

The Graduate Management Admission Test (GMAT, pronounced G-mat, [d i .mt]) is a computer adaptive standardized test in mathematic and

the English language for measuring aptitude to succeed academically ingraduate business studies. Business schools commonly use the test as one of many selection criteria for admission into graduate businessadministration programs (e.g. MBA , MASTER IN ACCOUNTANCY , etc.)principally in the United States, but also in other English-speaking countries.It is delivered via computer at various locations around the world. In thoseinternational locations where an extensive network of computers has not yetbeen established, the GMAT is offered either at temporary computer-basedtesting centers on a limited schedule or as a paper-based test (given once ortwice a year) at local testing centers

Management Aptitude Test is an aptitude test MAT is conducted byCentre for Management Services, which is a specialized division of AIMA (AllIndia Management Association). MAT is usually conducted 4 times in a year in

January, May, September and December. Every year it is taken by hundreds of MBA aspirants in India, as a good score in MAT is likely to put the candidate ina reputed and AICTE approved management institutions. Presently, MAT haseven got the status of a National Entrance Test by the Ministry of HRD(Government of India, letter no. F.17-20/2003-TS.I dated 23 November 2004).


4/28

Besides having test centers all over India, MAT is also conducted in overseaslocation .

Joint Management Entrance Test (JMET) is an all-India entrance testconducted by Indian Institutes of Technology (IITs) for admission to the 2-

years full-time Postgraduate Degree Programmes in Management. Apart fromIITs there are many institutes that accept JMET score. JMET is conductedevery year by IITs on a rotational basis.

The Test of English as a Foreign Language (or TOEFL , pronounced "toe-full")evaluates the ability of an individual to use and understand English in anacademic setting. It sometimes is an admission requirement for non-nativeEnglish speakers at many English-speaking colleges and universities.

Additionally, institutions such as government agencies, licensing bodies,

businesses, or scholarship programs may require this test. A TOEFL score isvalid for two years and then will no longer be officially reported since acandidate's language proficiency could have significantly changed since thedate of the test. Colleges and universities usually consider only the most recent

TOEFL score.

The TOEFL test is a registered trademark of Educational Testing Service (ETS)and is administered worldwide. The test was first administered in 1964 andhas since been taken by more than 23 million students. The test was originally

developed at the Center for Applied Linguistics led by the linguist, Dr. CharlesA. Ferguson.

Policies governing the TOEFL program are formulated with advice from a 16-member board. Board members are affiliated with undergraduate and graduateschools, 2-year institutions and public or private agencies with an interest ininternational education. Other members are specialists in the field of Englishas a foreign or second language.

The TOEFL Committee of Examiners is composed of 12 specialists in

linguistics, language testing, teaching or research. Its main responsibility is toadvise on TOEFL test content. The committee helps ensure the test is a validmeasure of English language proficiency reflecting current trends andmethodologies.


5/28

INDIA

PROGRAM IN INDIA There are 1600 business schools in India offering two year MBA

programs targeting predominantly fresh graduates without any workexperience. Among those schools, the Indian Institutes of Management (IIM)are the oldest institutions for management education in India. Admission toany of the IIM schools or other business schools requires passing the CommonAdmission Test (CAT), XAT , GMAT, JMET or MAT each of which qualifiescandidates for entrance into any management institutions in India, apart fromthese entrance tests there are few business schools which conducts aptitudetest individually which qualifies candidates for that particular business school.

Who does not know about MBA? Most students and young population of the country aspire to become future managers and leaders of variousorganizations in the country and for this most of them sought after the popularcareer choice: MBA! The whole sector of education is gaining a lot of importance. Literacy levels in the country are rising and all this is leading to abetter India.

There are a host of MBA programs in the country that are running. Manynew institutes and management colleges have sprung up in parts of the

country. Today, no student wants to just complete their graduation. People areopting for post graduate studies such as MBA because such programs providebetter job opportunities.

MBA programs in India are usually of two year duration except for some of the executive MBAs that are of one year duration. MBA offers differentspecializations that the student can opt for depending on the choice and thepreference and the skill set that the student possesses.

Some of the common specializations that the course offers aremarketing, finance, human resources, operations management and IT.

However, new specializations have also been recently introduced. Some of themare MBA in mass media, MBA in hospitality management etc. Not just that,there are many colleges that offer distance learning and part time MBAprograms. This is especially for people who cannot invest full time two years forthe degree.
http://www.finance.co.in/http://www.finance.co.in/


6/28

UNITED KINDOM:

UNITED KINDOM MBA PROGRAM

A high degree of sophistication, a matchlesscharm, and above all, educational quality thatsbacked by centuries of tradition : the UnitedKingdom is just the right place to give your careerthat global edge. In addition to the hallowed Oxfordand Cambridge, UK has a large number of otheruniversities which rank among the best in the

world like London Business School.

One major advantage of U.K. MBA is itsduration which is one year as compared to the two

years system in US and Canada. Also, unlike those in other countries, most UKuniversities recognize the system of 3 year bachelor degree.

Most UK universities accept the three-year graduation system for entryinto the MBA programme. So, if you have a three-year bachelor degree likeBachelor of Arts (BA), Bachelor of Commerce (B.Com) or Bachelor of Science(B.Sc), this is acceptable as it is considered equivalent to a British Bachelor(Ordinary) Degree.

GMAT

GMAT is accepted and recommended by many universities. However, most UKuniversities are flexible about this criterion and this is not a mandatoryrequirement for most UK business schools. So, unless, you aiming for schoolslike London Business School or Manchester 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 programin U.K. This is required for almost all universities. This mandatory for mostschools even if you have studied in English medium throughout.


7/28

MBA in UK has lots of financial benefits:

Most universities in UK offer a One-year MBAAccess to National Health Centre; which is free for students registered oncourses of six months or longerFree school education for registered dependent children

U.K. is one of the few countries that allows international studentsto work even outside the campus. Students can work upto 20 hours per

week during the semester and full-time during vaccations.Please note that MBA is a very intensive program and you would

have lot of assignments and projects to do at any time. It is not easy totake out time to do any extra work during the semester.

Contrary to popular belief, students are able to obtain part-timeemployment quite easily in bigger cities like London and Birmingham.Students are entitled to work full time during the holidays. There is nopermission required for most international students to take part-timeand vacation work. Students can take up placements or internshipplacements, which are part of a sandwich course.

Usually, most jobs are minimum wage jobs like work in fast food jointsand department stores. The higher paid jobs involve working in callcentres. You should also explore opportunities available in youruniversity.


8/28

AUSTRALIA

Australian MBA Programs:

Very early in its history, Australia inheritedthe British academic tradition of rigorous inquiryand adherence to high academic standards.Australia's oldest universities in particular are

internationally-renowned for their very highstandards of research and teaching.

Currently, a total of 55 Australianuniversities offer MBA programs. The prevailingmodel at the better institutions is the 'Harvardstyle' MBA, which provides around 16 diverse business related subjects,delivered over a period of 16 months to 2 years of full-time study. The shorter(16 month) program is delivered by institutions who have adopted the trimestersystem as a means to reduce the opportunity cost of an MBA to its students.Students may also study part-time, and most choose to do so.

The better MBA programs are truly international in terms of curriculumand orientation. This international focus is enhanced by the large number of international students that study in Australia. At Graduate Schools of Management, for example, students from about 30 countries within Europe,North America, Asia and Africa participate in the MBA program, and graduatesnow occupy executive positions in organizations throughout the world.Superior MBA programs are delivered by the older universities located in eachof the State capital cities. In general, these are particularly well resourced in

terms of quality of faculty, calibre of students and also in terms of library,computer and other facilities.


9/28

REASONS FOR DOING MBA IN AUSTRALIA:

There are two fundamental reasons for studying an MBA in Australia:

Australia offers internationally recognized MBAs at prestigiousuniversities; Australia offers a host of other advantages for students.

To appreciate the significance of the first point, it is necessary to explorebriefly the meaning of the term 'good MBA'. At one extreme, it is possible insome countries to acquire an 'MBA' certificate through the mail by spending afew hundred dollars. Such 'MBAs' are obviously not worth the paper they are

written on, and any employer duped into hiring such a person would soon

learn their mistake and act accordingly. At the other end of the spectrum areMBAs acquired on the basis of diligent study and participation over a period of at least 16 months, within a rich learning environment at an internationally-recognized management school within a prestigious university. The differencebetween these two experiences lies in the changes that they effect within thestudent.

A good MBA will develop the individual significantly, including their capacityto work as an effective team member, to lead others, and to be effective ininterpersonal relationships through enhanced self-confidence, communication,presentation and negotiation skills. In addition, his or her capacity to diagnosethe changes required to achieve business success and the power to implementthese changes will be increased dramatically. By contrast, a poor MBA willeffect none of these changes within the individual, and thus individualperformance will be poor.


10/28

CANADA

. CANADA MBA PROGRAM:

If you are one of those who seek a high quality of life above anything else,Canada is the place for you. It has been consistently ranked by the UN as theone of the best countries in the world to live in.

Having a large section of students from many diverse countries, Canadaoffers a truly international educational experience. Furthermore, the CanadianMBA degree is instantly recognized around the world as being of the higheststandard.

And you get all this at a remarkably low cost - both in terms of cost of education in Business Schools in Canada and the cost of living. Tuition fees forinternational students in Business Schools in Canada are much lower thancomparable countries.

Canada may just be the place of your dreams.

GMAT:

GMAT is required for most MBA programs in Canada. It is also one of the most

important criteria for admissions. If you are planning to study in a Canadian business school, youmust score high in this exam. For more information on GMAT

TOEFL:

This is required for admission to almost all MBA programs in Canada. It is a fairlysimple exam for most students who have studied in English medium throughout. The minimumscores required for most universities range from 550 to 600 on the paper based TOEFL and 213to 250 on the computer based TOEFL.

IELTS score is acceptable to most business schools in lieu of TOEFL


11/28


12/28

Various colleges offering MBA and

Expenses:

India

The Top MBA schools in the country are as follows:

Indian Institute of Management ( Ahmadabad) National Institute Of Industrial Engineering- ( Mumbai)

N I T I E, Vihar Lake

( Mumbai) Indian Institute of Management ( Bangalore) Management Development Institute ( Gurgaon) Indian Institute of Management ( Calcutta) Xavier Labour Relations Institute ( Jamshedpur) Indian Institute of Foreign Trade ( Delhi) Institute of Rural Management ( Anand) S.P.Jain Institute of Management and Research ( Mumbai) Xavier Institute of Management ( Bhubaneshwar) FMS (Faculty of Management studies ( Delhi) Symbiosis ( Pune) Jamnalal Bajaj ( Mumbai) Indian Institute of management ( Lucknow) Indian Institute of management ( Kozhikode)

Expenses:

MBA programs in India usually cost around Rs. 3-5 lakhs.However, some of the institutes like the ISB (Indian School of Business)in Hyderabad charges around Rs. 12 lakhs. Hence it is from institute toinstitute that the fees vary. Today, most banks are ready to offer aneducational loan for an individual wanting to pursue his or her MBA.MBA program in India is indeed a good educational investment for anindividual towards a bright rewarding career .


13/28

AUSTRALIA:Following are some of the top leading B-schools in Australia . They offer

full time, part time, online, distance MBA and other business programs tostudents worldwide.

Melbourne Business School, University of Melbourne Macquarie Graduate School of ManagementAustralian Graduate School of ManagementU of Tech Sydney - Business FacultyFaculty of Business - Bond University

Graduate School of Business - RMIT University Faculty of Business -Queensland Universities of Technology.Deakin Business School.Curtin Business School.Sydney Graduate School of Management, Universities of Western Sydney.Griffith Universities MBA.Universities of Queensland.Mt Eliza Center for Executive Education, Melbourne Business School.National Graduate School of Management - Australian National UniversitiesGraduate School of Management, Universities of Western Australia.Faculty of Business and Law, Victoria Universities.

EXPENSES:

The cost of an MBA in Australia is generally cheaper than the USA and UK. Itvaries between institutes, depending on the varying durations of programmesoffered by different institutes and the courses taken.

* The fee for 2008-2009 in the Melbourne institute was AUD $50,000 apartfrom a non-refundable Acceptance Fee of AUD $2,000 required frominternational students


14/28

* At the University of Ballarat, a Master of Business Administration, Master of Business Management and other similar courses in 2008 cost AUD $14,000 e

University Duration TuitionFees WorkExp. GMAT Intake Specialization

Melbourne Business School 16months42,000full cost 2 years Yes Feb

e-Commerce,Entrepreneurship,OperationsManagement

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

Australian NationalUniversity

14months

27,500full cost 3 years No July

General Mgmt.,Intl. Business

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

University of Technology,Sydney 2

14000p.a. 2 No March/Aug

MBA -Professional

University of Technology,Sydney 2

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

University of WesternSydney - Hawkesbury 1

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

University of WesternSydney - Macarthur 1

18,400full cost 2 No April/Sep

HM, Int. Business,TourismManagement

University of WesternSydney -Nepean

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

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

University of Wollongong 1.5 24,500p.a. 2 No Feb/March/july/ Oct MBA

La Trobe University 2 years 12,000p.a. No NoJan/April/July/ Sept MBA - Standard

La Trobe University 1 year 21,000p.a. 2 years NoJan/April/July/ Sept MBA - Executive

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

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

Swinburne University of Technology 1.5 years

24,750full cost No No Feb/July/August MBA

Swinburne University of Technology 1.5 years

24,750full cost 2 years No Feb/July/August MBA (Corporate)

Victoria University of Technology 1.5 years

12,000p.a. 2 years No Feb/July/Dec MBA (General)

Central QueenslandUniversity 1-2 years

10,500p.a. 2 years No Feb/July/Nov MBA
http://www.mbs.unimelb.edu.au/http://www.gsm.mq.edu.au/postprog/mba.htmlhttp://www.anu.edu.au/mba/http://www.anu.edu.au/mba/http://management.canberra.edu.au/economics/http://www.business.uts.edu.au/gsb/courses/index.htmlhttp://www.business.uts.edu.au/gsb/courses/index.htmlhttp://www.business.uts.edu.au/gsb/courses/index.htmlhttp://www.uts.edu.au/div/publications/bus/pg/mba/b056-54.htmlhttp://www.uts.edu.au/div/publications/bus/pg/mba/b056-54.htmlhttp://www.uts.edu.au/div/publications/bus/pg/mba/b056-54.htmlhttp://www.hawkesbury.uws.edu.au/information/calendar2000/Part2/Masters/m12.shtml#mbahttp://www.hawkesbury.uws.edu.au/information/calendar2000/Part2/Masters/m12.shtml#mbahttp://www.hawkesbury.uws.edu.au/information/calendar2000/Part2/Masters/m12.shtml#mbahttp://oderdc.macarthur.uws.edu.au/courseinfo/fobpgrad/frame.htmhttp://oderdc.macarthur.uws.edu.au/courseinfo/fobpgrad/frame.htmhttp://www.nepean.uws.edu.au/profile/general/courses?location=1186Xhttp://www.nepean.uws.edu.au/profile/general/courses?location=1186Xhttp://www.nepean.uws.edu.au/profile/general/courses?location=1186Xhttp://www.uow.edu.au/discover/courses/yr2000/cour567.htmlhttp://www.uow.edu.au/discover/courses/yr2000/cour567.htmlhttp://www.latrobe.edu.au/www/l&m/gsm/std-mba.htmhttp://www.latrobe.edu.au/www/l&m/gsm/exec-mba.htmhttp://www.monash.edu.au/intoff/courses/degrees/pgbuseco.htmlhttp://www.bf.rmit.edu.au/management/courses/mba/http://www.bf.rmit.edu.au/management/courses/mba/http://domino.swin.edu.au/cd31.nsf/bd73c162227a00cfca256782001253bd/995f687f59fe7c0eca25678e0007c445?OpenDocumenthttp://domino.swin.edu.au/cd31.nsf/bd73c162227a00cfca256782001253bd/995f687f59fe7c0eca25678e0007c445?OpenDocumenthttp://domino.swin.edu.au/cd31.nsf/bd73c162227a00cfca256782001253bd/995f687f59fe7c0eca25678e0007c445?OpenDocumenthttp://domino.swin.edu.au/cd31.nsf/bd73c162227a00cfca256782001253bd/09eeb0a7069ea6d2ca2567ed0003bd79?OpenDocumenthttp://domino.swin.edu.au/cd31.nsf/bd73c162227a00cfca256782001253bd/09eeb0a7069ea6d2ca2567ed0003bd79?OpenDocumenthttp://domino.swin.edu.au/cd31.nsf/bd73c162227a00cfca256782001253bd/09eeb0a7069ea6d2ca2567ed0003bd79?OpenDocumenthttp://www.bus.cqu.edu.au/Faculty/schools/manage/welcome.htmhttp://www.bus.cqu.edu.au/Faculty/schools/manage/welcome.htmhttp://www.bus.cqu.edu.au/Faculty/schools/manage/welcome.htmhttp://www.bus.cqu.edu.au/Faculty/schools/manage/welcome.htmhttp://domino.swin.edu.au/cd31.nsf/bd73c162227a00cfca256782001253bd/09eeb0a7069ea6d2ca2567ed0003bd79?OpenDocumenthttp://domino.swin.edu.au/cd31.nsf/bd73c162227a00cfca256782001253bd/09eeb0a7069ea6d2ca2567ed0003bd79?OpenDocumenthttp://domino.swin.edu.au/cd31.nsf/bd73c162227a00cfca256782001253bd/995f687f59fe7c0eca25678e0007c445?OpenDocumenthttp://domino.swin.edu.au/cd31.nsf/bd73c162227a00cfca256782001253bd/995f687f59fe7c0eca25678e0007c445?OpenDocumenthttp://www.bf.rmit.edu.au/management/courses/mba/http://www.monash.edu.au/intoff/courses/degrees/pgbuseco.htmlhttp://www.latrobe.edu.au/www/l&m/gsm/exec-mba.htmhttp://www.latrobe.edu.au/www/l&m/gsm/std-mba.htmhttp://www.uow.edu.au/discover/courses/yr2000/cour567.htmlhttp://www.nepean.uws.edu.au/profile/general/courses?location=1186Xhttp://www.nepean.uws.edu.au/profile/general/courses?location=1186Xhttp://www.nepean.uws.edu.au/profile/general/courses?location=1186Xhttp://oderdc.macarthur.uws.edu.au/courseinfo/fobpgrad/frame.htmhttp://oderdc.macarthur.uws.edu.au/courseinfo/fobpgrad/frame.htmhttp://www.hawkesbury.uws.edu.au/information/calendar2000/Part2/Masters/m12.shtml#mbahttp://www.hawkesbury.uws.edu.au/information/calendar2000/Part2/Masters/m12.shtml#mbahttp://www.uts.edu.au/div/publications/bus/pg/mba/b056-54.htmlhttp://www.uts.edu.au/div/publications/bus/pg/mba/b056-54.htmlhttp://www.business.uts.edu.au/gsb/courses/index.htmlhttp://www.business.uts.edu.au/gsb/courses/index.htmlhttp://management.canberra.edu.au/economics/http://www.anu.edu.au/mba/http://www.anu.edu.au/mba/http://www.gsm.mq.edu.au/postprog/mba.htmlhttp://www.mbs.unimelb.edu.au/


15/28

UNITED STATE(US)

Expenses:

US Business Schools fall under two major categories:- Public (state supported), and- Private (independent) Institutions.

International students tuition expenses at state schools are based onnonresident costs, which are still usually less expensive than those of privateuniversities.

It is important to note that the cost of a program in a US school does notnecessarily affect its quality.

A brief idea can be got from the following table

University Type Tuition Fees (annual in U.S. Dollars)

Private School (High Cost) $ 30,000

Private School (Low Cost) $ 15,000

State School (High Cost) $ 20,000

State School (Low Cost) $ 10,000

The tuition fee is different for different universities and varies widely withcourses. It can vary from as low as $ 8000 a year for state universities to asmuch as $ 35000 per annum for some private universities.


16/28

For example, Colorado Technical University offers the MBA program forless than US $ 10,000 a year, while many top schools like Harvard BusinessSchool and Wharton Business Schools have a fee structure of around US $30,000 per year. For more specific details, please check out the university

websites or contact the universities.

Living Expenses

The approximate annual living expenses during the MBA program isabout $12,000, which includes accommodation as well as other daily expenses.

However, the expenses are different for different people depending on the

lifestyles and this is just a rough idea. The main expenses can be split up as:

Rent$ 400 per month(you can live alone with that amount in a place likeAuburn or share an apartment with 6 people in NY)

Groceries $ 150 per month

Utilities $ 150 per month

Phone $ 100 per month (if careful with international calls)

Sundry $ 200 per month

So, about $1000 per month is a good estimation. Mostly people cansurvive between $700-$1000 a month.

The key here is to share apartments/houses so that you save on the utilities,fixed charge portion of phone and to some extent on groceries.

The vast difference in fees with US universities, has made European MBAprograms attractive for Indians. While the US would cost an Indian student Rs.40 lakh to Rs. 45 lakh or Rs. 25 lakh to 30 lakh in a lesser ranked USinstitute, a management programme in Europe would cost only Rs. 20-25 lakhand in Australia it would be Rs. 15-20 lakh.


17/28

NEWZELAND:

Following are some of the top leading B-schools in NEWZELAND:University of AucklandVictoria University of WellingtonMassey UniversityUniversity of CanterburyUniversity of Otago

University of Waikato

Business Schools in New Zealand

This section lists all the business schools in New Zealand offering MBAprogrammes along with general admission criteria, tuition fee and other usefulinformation. Please note that these are not ranked or in any particular order.

University Entrytime Programlength

TOEFL /IELTSscore

GMATscore

Workexperience

TuitionFee(FullCourse)

University of Auckland Feb.

24months Required Min. 550

.Min. 5 years

NZ $31,128

Victoria University of Wellington March

16months

575/2376.5 Required

Min. 5 years

NZ $31,000

Massey University JuneOct.12

monthsMin. 233

6.5 Optional .5 yearsNZ $

18,504University of Canterbury Feb.

15months

600/2507 600

.Min. 5 years

NZ $39,955

University of Otago MidSept16

months600/280

6.5 550.Min. 3 years

NZ $25,500

University of Waikato

Late June

12months

Min. 5806.5 -

Min. 3 years

NZ $28,125


18/28

If you are looking for New Zealand Business Schools and MBA programmes, you have reached the right place. This is a listing of the Business Schools inNew Zealand. We will be soon compiling a list of top business schools in newZealand. If you are looking for the top MBA programmes and MBA rankings of countries other than US, please check out the main MBA channel page forother MBA destinations.

Living Expenses

The approximate annual living expenses are about NZ $ 12,000, whichincludes accommodation as well as other daily expenses.

However, the expenses are different for different people depending on thelifestyles


19/28

CANADA

List of Business Schools in Canada : Carleton University

Concordia UniversityDalhousie UniversityMcGill UniversityMcMaster UniversityMemorial University of NewfoundlandQueen's UniversityRoyal Roads UniversitySaint Mary's UniversitySimon Fraser University

University of AlbertaUniversity of British ColumbiaUniversity of CalgaryUniversity of ManitobaUniversity of New BrunswickUniversity of OttawaUniversity of TorontoUniversity of VictoriaUniversity of Western Ontario

Wilfrid Laurier University York University

EXPENSES:

The tuition fee ranges from CDN $ 10,000 per year to $ 25,000 per year.In some schools, it goes upto CDN $ 35,000 for the entire program .
http://www.business.carleton.ca/http://www-commerce.concordia.ca/mba.htmhttp://www.mgmt.dal.ca/http://www.management.mcgill.ca/http://www.business.mcmaster.ca/http://www.mun.ca/businesshttp://business.queensu.ca/mbasthttp://www.royalroads.ca/mbahttp://www.stmarys.ca/mbahttp://www.bus.sfu.ca/mba/mba.htmlhttp://www.bus.ualberta.ca/http://www.commerce.ubc.ca/http://www.ucalgary.ca/uofc/faculties/mg/mbahttp://www.umanitoba.ca/management/mbapage.htmlhttp://business.unbsj.ca/mbahttp://www.mba.uottawa.ca/english/index.htmhttp://www.mgmt.utoronto.ca/index.htmlhttp://www.business.uvic.ca/mbahttp://www.ivey.uwo.ca/http://www.ivey.uwo.ca/http://www.wlu.ca/~wwwsbehttp://www.wlu.ca/~wwwsbehttp://www.schulich.yorku.ca/ssb.nsf/http://www.schulich.yorku.ca/ssb.nsf/http://www.schulich.yorku.ca/ssb.nsf/http://www.wlu.ca/~wwwsbehttp://www.ivey.uwo.ca/http://www.business.uvic.ca/mbahttp://www.mgmt.utoronto.ca/index.htmlhttp://www.mba.uottawa.ca/english/index.htmhttp://business.unbsj.ca/mbahttp://www.umanitoba.ca/management/mbapage.htmlhttp://www.ucalgary.ca/uofc/faculties/mg/mbahttp://www.commerce.ubc.ca/http://www.bus.ualberta.ca/http://www.bus.sfu.ca/mba/mba.htmlhttp://www.stmarys.ca/mbahttp://www.royalroads.ca/mbahttp://business.queensu.ca/mbasthttp://www.mun.ca/businesshttp://www.business.mcmaster.ca/http://www.management.mcgill.ca/http://www.mgmt.dal.ca/http://www-commerce.concordia.ca/mba.htmhttp://www.business.carleton.ca/


20/28

Business Schools Canada

List of MBA Programs and Business Schools in Canada:

University ProgramEntry

ProgramLength

Min.

TOEFLscore

Min.

GMATscore

Min. WorkExperience

Carleton University September 12-18months

550 550 -

Concordia University Sept, Jan,May

16-24months

250(cbt)

600 2

Dalhousie University September 2 years 580 550 .-

Mcgill University September 2 years 600 570 2

McMaster University September 2 years 580 600 1

Memorial University of Newfoundland

September 2 years 580 500

Queen's University May 1 year 250(cbt)

600 2

Royal Roads University April 2 years 570 5

Saint Mary's University September 2 years 550 500 .--

Simon Fraser University Sept, Jan,May

4semesters

570 550 -

University of Alberta -16-20months

- 550 -

University of British Columbia September 15 months 600

(250) 2

University of Calgary September 16-20months

600(250)

550 3
http://www.business.carleton.ca/http://www.business.carleton.ca/http://www-commerce.concordia.ca/mba.htmhttp://www-commerce.concordia.ca/mba.htmhttp://www.mgmt.dal.ca/http://www.mgmt.dal.ca/http://www.management.mcgill.ca/http://www.management.mcgill.ca/http://www.business.mcmaster.ca/http://www.business.mcmaster.ca/http://www.mun.ca/businesshttp://www.mun.ca/businesshttp://business.queensu.ca/mbasthttp://business.queensu.ca/mbasthttp://www.royalroads.ca/mbahttp://www.royalroads.ca/mbahttp://www.stmarys.ca/mbahttp://www.stmarys.ca/mbahttp://www.bus.sfu.ca/mba/mba.htmlhttp://www.bus.sfu.ca/mba/mba.htmlhttp://www.bus.ualberta.ca/http://www.commerce.ubc.ca/http://www.commerce.ubc.ca/http://www.ucalgary.ca/uofc/faculties/mg/mbahttp://www.ucalgary.ca/uofc/faculties/mg/mbahttp://www.ucalgary.ca/uofc/faculties/mg/mbahttp://www.commerce.ubc.ca/http://www.bus.ualberta.ca/http://www.bus.sfu.ca/mba/mba.htmlhttp://www.stmarys.ca/mbahttp://www.royalroads.ca/mbahttp://business.queensu.ca/mbasthttp://www.mun.ca/businesshttp://www.mun.ca/businesshttp://www.business.mcmaster.ca/http://www.management.mcgill.ca/http://www.mgmt.dal.ca/http://www-commerce.concordia.ca/mba.htmhttp://www.business.carleton.ca/


21/28

Ranking Performance :

- Melbourne Business School 's MBA is ranked 52th globally by theFinancial Times (FT) 2009, and 26th in the world by The EconomistIntelligence Unit 2008. Its EMBA is ranked 45th by FT 2008.

- MGSM (Macquarie Graduate School of Management) is ranked 1st inAustralia and Asia and 40th in the world for its full-time MBA program(Economist Intelligence Unit, 2003). It is also ranked equal 1st of AustralianMBA programs (Australian Financial Review BOSS Magazine, 2003) and inthe top 40 business schools worldwide for executive education (LondonFinancial Times, 2003).

- Griffith is rated 5 star for its MBA, MBA Advanced and MBA Honours by2008 Graduate Management Association of Australia (GMAA).

- RMIT University Graduate School of Business MBA (Executive) is rankedin the top 10 programs in Australia and in the top 3 Melbourne-basedprograms. (Australian Financial Review (AFR), BOSS Magazine 2007). ItsMBA (Executive) was awarded 4 stars in the GMAA ranking system.

- University of South Australia MBA program was rated 5-Star in the 2009Good Universities Guide. It was the highest ranked program in SouthAustralia.

- Curtin Business School has been ranked top in Western Australia and5th in Australia for its MBA program, according to the Australian FinancialReviews BOSS magazine.
http://worldranking.blogspot.com/2009/09/rmit-university-top-mba-program.htmlhttp://worldranking.blogspot.com/2009/09/rmit-university-top-mba-program.htmlhttp://worldranking.blogspot.com/2009/09/rmit-university-top-mba-program.htmlhttp://worldranking.blogspot.com/2009/09/university-of-south-australia-mba.htmlhttp://worldranking.blogspot.com/2009/09/university-of-south-australia-mba.htmlhttp://worldranking.blogspot.com/2009/09/university-of-south-australia-mba.htmlhttp://worldranking.blogspot.com/2009/09/curtin-business-school-mba-in-top-100.htmlhttp://worldranking.blogspot.com/2009/09/curtin-business-school-mba-in-top-100.htmlhttp://worldranking.blogspot.com/2009/09/curtin-business-school-mba-in-top-100.htmlhttp://worldranking.blogspot.com/2009/09/university-of-south-australia-mba.htmlhttp://worldranking.blogspot.com/2009/09/rmit-university-top-mba-program.html


22/28


23/28

PROBLEM OF HIGH CLASS MBA IN INDIA

There is a reason why every problem has been connected with increase inpopulation. Things in India just arent designed for a large number of people. Think vaguely, do you remember any place or situation wherethings went smoothly once the number of people went even a little abovenormal?

I am guessing no; at least I dont remember any. Infrastructure wise wehave never ruled anyways. The conditions of the IIMs after the SupremeCourt ruling to increase the batch intake are quite predictable too. Asanywhere in India, there is a lot of nudging and pushing going around.

Indian Institute of Management-Kozhikode (IIM-K) increased its postgraduate program (PGP) batch size from 265 to 325 this year. Of course,the infrastructure was (1) left to be developed only after the start of thesession. According to a student at IIM-K, due to the increase in class size,a lmost all the courses are taken by two professors now which has(2) overburdened the faculty . He adds that the new mess (area where thestudents have their meals) is (3)still not operational thus there is crowdingthere too. If this is the case with the IIMs, one can only imagine how theincrease in the number of seats will affect other institutions.

Recently, a minister in Orissa commented about how not having a school

building shouldnt deter students from attending school. He argued howstudents in olden times used to study under trees and walked for miles totheir schools and still became leaders in their chosen paths. Really?Shouldnt we talk about the politicians in olden times as well?

Business schools are having a tough time managing within the restrictionsof the English language. A management study includes everything from the

jigging of stock prices to the basics of handshaking. B-schools themselvesare doing a fair amount of handshaking when it comes to their names.Institute names include at least one word from Indian, institute, school,business and management and institutes sometimes also have the sameinitials. Students have to sip this alphabet soup to make sense of things.

The Indian School of Business, Hyderabad (ISB) needs no introduction andhas even been ranked among the top 20 b-schools in the world. Well,theres an International Business School, Calcutta which startedfunctioning in 2002 and the institute obviously refers to itself as ISB. AGoogle search for ISB also has ISB Kolkata close on the heels of ISBHyderabad. The initials ISBM seem to quite popular among institutes and
http://www.isb.ac.in/http://www.isb.ac.in/http://www.isb.ac.in/


24/28

a Google search for ISBM throws up four different institutes with theseinitials.

Even the Indian Institutes of Management (IIMs) are a party to thissituation. There is obviously no confusion between the IIMs and everyone

is familiar with how the IIMs are referred to along with their location. Things do need to be considered when Indira Institute of Management,Pune refers to itself as IIM-P. This will not cause problems right nowbecause we all know where the various IIMs are located. Eight new IIMsare being set up in various parts of the country and students should know

where such overlap of names is happening so that they dont get confused.

Then there are cases in whic h the full name of the institute isnt as wellknown as say an ISB. Theres an NIILM Center for Management Studiesand an NIILM School of Business. IILM is another common set of initialsand there are quite a few institutes which use this abbreviation and this

causes doubts to come up. The Post Graduate Program in Management(PGPM) program is offered at Alliance Business School, Bangalore whileAlliance Business Academy has an MBA program in operation. These twoinstitutes are different units of the same body but aspirants do encounterproblems in differentiating between the two.

Institutes obviously differ in terms of the nature and quality of programsthey offer. Students should definitely find out the details of an instituteand not just be attracted to it because it has a well known name. Indiacurrently has nearly 2,000 business schools and most institutes arereferred to by their initials. Common initials certainly contribute towardsconfusion among aspirants and students will have to be a lot more careful

when it comes to picking out schools. A student will not join a schoolpurely on the basis of its name but the name definitely plays a role in aschools perception and its brand image.

In the Indian higher education scenario, there is one regulatory body tocover all possible areas of education. For example, University GrantsCommission (UGC), All India Council of Technical Education (AICTE), MedicalCouncil of India (MCI), Bar Council of India (BCI), Council of Architecture(COA), and National Council on Teacher Education (NCTE), Indian NursingCouncil (INC) and Pharmacy Council of India. The Yashpal Report proposes thedevelopment of a single regulatory body called the National Commission forHigher Education and Research (NCHER) to overcome the cha os created by theconfusing rules of a large number of bodies. This will certainly make regulationmore effective and transparent and also reduce corrupt practices by institutes.According to the report, the new regulatory body will move from the currentm ethod of the inspection -approval to a new method of verification andauthentication. This will ensure that the educational institutions work in co -


25/28

ordination with the regulatory bodies and the upgradation of an institutebecomes an ongoing instead of a one time process .

The report lays down the objectives for higher education which indicatethat there will no more be any confusion in policy decisions as there will be a

single point of contact of all policy related queries. Also universities will becomeautonomous which will give them more freedom. It has mentioned continuousreforms in education, although again specific details about them are missing.

This is a small step which may help bring some standards to education inIndia. Such a system will also help students to not have any confusionabout which institutes they can apply to after completing their course.Institutes should also be told to clearly disclose the credits given tovarious courses so that students know from the beginning what they aregetting into. Sometimes students are confused about the value of degreesoffered by institutes and prospects after graduating from a particular

institute.

An official credit transfer system is definitely a welcome move but Indiasuniversities urgently require opening up of the various disciplines whichare offered at universities. As suggested in the Yash Pal report, studentsshould be allowed to opt for courses from various disciplines offered at auniversity. I think that it is a waste of resources if a university offersdisciplines such as engineering, medicine, management, sociology etc anddoes not allow a student of say engineering to take any subjects from theother disciplines. Studying subjects from various disciplines will helpstudents to get a wider perspective of things and learn in a holisticmanner.

In India, companies directly recruit students from b-schoolcampuses and this model is very different from that present in foreigncolleges. Students in American business schools visit companies and lookfor jobs without the institute setting up a systematic campus placementprocess. Such a process allows students to get to know more about howcompanies operate and also provides them with more freedom in choosing

job offers.

There are various reasons why companies choose to recruit from IIMcampuses and not directly from the job market. However, the recessionhas prompted students and institutes to relook things. This year, all b-schools had to follow a rolling placements process so that the entire batchof students could be placed. It will be interesting to see if more b-schoolsadopt this strategy of setting up interactions with company representativesand corporate figures. Such changes will result in b-scholars activelysearching for jobs and not being restricted to the placement rules imposedby institutes. MBAs will also be prompted to search for jobs that are more


26/28

connected with their interests. Campus placements at Indian b-schoolsoften result in students getting pressurized because of placement rulesand strategies being followed by other students. These problems may beovercome if b-schools choose to operate in a different way and givestudents a lot more freedom.

The HRD Ministers statements and his ideas are a breath of fresh air. Iam sure all of us will want to support the growth of high quality education inIndia. The issue as always in India is not about the law, or the composition andthe mandate of the Commission, but how it will actually function on theground. We should focus on whether it will be able to achieve its objective of rapidly increasing the number of high quality institutions, and that is a toughquestion to answer

Once universities and colleges have more autonomy in setting theirfees and deciding their expansion plans, cross subsidizing the

underprivileged, meritorious students should not be a problem. Instead of providing subsidized education to all, as is the case now, the systemshould enable institutions to charge full fees to those students who havethe means to pay and offer liberal scholarships to those who cannot do so.

The idea to bring in professional managers in the business of administration at colleges as suggested by Dean Rangnekar is a usefulone. Professional managers can speed up the administration of the college,hence providing more time for it to develop academically. Anotherinteresting thought is the idea of a stand alone institution that would beable to grant degrees without it being classified as a university. Suchinstitutions will help ultra specialized research and development in nicheareas without having to bother whether they fulfill the criterion for them tobe called as a university. It will be great for the cause of education if smallsuggestions from those within the industry are incorporated in itsdevelopment.

Top b-schools such as the Indian Institute of Management (IIMs) havebank tie-ups to provide loans for students at lower interest rates whilestudents at other institutes have to make their own arrangements. Publicsector and nationalized banks could be encouraged to have tie-ups with b-schools outside the top ten institutes so that students can get education loansin an easier manner. A lot of b-schools have increased their fee in the past two

years. The government should definitely make efforts to ensure that the loanprocess does not stop deserving students from making use of managementeducation.


27/28

BIBLOGRAPHY

WEBSITES:

www.mbapursuit.com

www.pagalguy.com
http://www.mbapursuit.com/http://www.pagalguy.com/http://www.pagalguy.com/http://www.pagalguy.com/http://www.mbapursuit.com/


28/28

Documents

Project on Doing MBA in India and in Abroad