Tuesday, 30 April 2013

Steps for I-20 after getting an admit !!

The approximate sequence of what you have to do after the admits to get the I-20 form and Visa  is as follows:

  1.   Read the admit letter or email carefully. If you have to send an acceptance of the offer do it promptly.                                              Even if you have multiple offers it makes sense to accept one.
2.       Based on the factors mailed earlier, decide the final university that you want study at, since you can book a visa date only for one university!!
3.       If you have received the I-20 form along with the offer of admission you can straightaway start the preparations for visa. Note: you cannot apply for the F1 visa unless you have the I-20 form from the university that you have chosen.
4.       Please note that you cannot apply for the visa interview more than 120 days before the starting date of the program mentioned in I-20 form. The fall 2013 semester will begin sometime in the third week of August. So, if you plan to join an American university this fall, you can start applying for your visa from the third week of April.
5.       However, the university will ask you to send affidavits of support from your sponsors as well as the bank statements of your sponsors showing that you have sufficient funds for meeting the I-20 form amount (that is, the total cost of the first year which, includes tuition, other fees and living expenses.)
6.        Most universities mention that the funds should be only bank funds and accept balance certificates from banks on bank’s letterhead which are sealed and signed by the banker. Generally, electronic copies and faxed statements are not accepted. Funds in bank include savings account and fixed deposits. You can also include Personal Provident Fund (P.P.F.) balance
7.       The I-20 form is an official document issued by the University on behalf of the United States Citizenship and Immigration Services (USCIS).   The following  important details are mentioned in the document:
·         the name and passport number of the student
·         the name of the university which the student is joining
·         the program to which the student has been admitted
·         the date of  commencement of the program
·         the date by which the program has to be completed
·         the total cost of education for one year(minus any aid received)
Once you receive the I-20 form check it carefully to see that all details are accurate. Pay specific attention to spelling of your name, accuracy of date of birth and the start and end dates of the program. Of course, all details should be accurate and the first page of the I-20 form MUST bear the signature of the university official. The third page need not be signed at this stage.
8.       As soon as you have applied for I-20 form, you have to prepare the financial and other documents required for the visa interview. Putting together the finances may take time. Please refer to the documents mailed for the standard and details of documents required.
9.       Keep in mind that you should have adequate liquid funds to cover the total cost of one year of education – this is mentioned in the I-20 form. Many students are under the wrong impression that their sponsor needs to deposit this entire amount in the bank and that otherwise their visa can be rejected. This is not true. Funds can be shown in the form of bank deposits, shares, mutual funds, provident fund etc. Even education loans of up to Rs. 20 lakhs are also permitted. Of course, having adequate funds alone does not guarantee a visa approval. The consulate officer also considers the following points:
·         whether you have admission to an accredited and reputed university
·         whether your academic background is good
·         whether your GRE score is satisfactory
·         whether your sponsor’s income is adequate
But the more important factor is you should have good communication skills and should be able to give convincing and honest answers to the consulate officer’s questions.
Most students show their parents as their sponsors. If this is not possible, they can show support from any other family member e.g. their brothers or sisters, their grandparents, either individually or as co-sponsors with their parents.
Sponsorship can also be taken from other immediate relatives, like uncles and aunts, provided their financial position is very sound and their income level is high.

Friday, 26 April 2013

Highest GMATs & Salaries in Europe

Highest GMATs & Salaries in Europe

INSEAD has come out on top of a new ranking of the best European business schools. The school, with campuses in Fontainebleau, France, and Singapore, topped the list of 20 business schools. Right behind it were No. 2London Business School, No. 3 IMD in Lausanne, Switzerland, No. 4 IE Business School in Madrid, Spain, and No. 5 IESE Business School in Barcelona, Spain.
The survey, published recently by BusinessWeek, is based solely upon the opinions of international corporate recruiters conducted by an MBA tour company, QS Quacquarelli Symonds. BusinessWeek did not report the number of respondents to the survey nor the response rate.
It would be easy to criticize this ranking of European schools. In the top 20, for example, Manchester Business School, ranked highly by The Financial Times, The Economist and Forbes, fails to warrant a mention. Neither does City University’s Cass School or Cranfield in the U.K. Germany, which is not known for graduate business education, claims three spots out of the top 16 schools.
Largest class size in Europe: INSEAD with 1,008 students
Far more interesting than the actual ranking, however, is the comparative data for the schools. By far, the European school with the largest class size is INSEAD with 1,008 MBA students, compared to IE Business School, which has the second largest class size at 450 students. Otherwise, most of these programs are very small, with more than half of the 20 admitting class sizes of under 100 MBA students.
Highest GMAT scores in Europe: INSEAD and London Business School
The highest reported average GMATs come from INSEAD at 703, some 26 points below Stanford’s 729 average and 21 points below Harvard’s 724. INSEAD’s average is equal to the University of Michigan’s Ross School and the University of Virginia’s Darden School. There are now a dozen business schools in the U.S. with higher average GMAT scores than INSEAD. The second highest average GMAT scores for the latest entering class is reported by London Business School, with an average GMAT of 698, which is the average score for Washington University’s Olin School in St. Louis.
Highest reported starting salary: IMD
The highest reported starting salary is at IMD in Lausanne, Switzerland, at $132,852, with Warwick Business School second at $129,970. Starting salaries at those two European schools bested Stanford’s $129,652 and Harvard Business School’s $124,085 last year. IMD’s reported numbers are due to the school’s student population which tends to be older with more work experience. It’s unclear how Warwick’s starting salaries could exceed Stanford, Harvard, INSEAD or London Business School.
INSEAD reported starting salaries of $102,888 and London Business School at $110,606. Another surprise in the numbers is the difference in starting salaries between IESE Business School in Barcelona, Spain, and IE Business School in Madrid. IESE reported average starting salary of $113,512 vs. $89,602 for rival IE Business School, a difference of $23,910.
Most expensive MBA program in Europe: HEC Paris
The most expensive MBA program in Europe? According to this list, it’s HEC Paris where the full tuition is $103,860, considerably higher than the one-year program at INSEAD which costs $66,877 in tuition or London Business School with an $87,164 pricetag. The least expensive? The MBA program at Warsaw University of Technology where the entire tuition is just $12,728.

Source: Beatthegmat

Wednesday, 24 April 2013

Great B-Schools Where Your Chances Of Admissions Are At Least 50-50

The odds of getting into a top-ranked business schools are tough if not cruel. Stanford’s Graduate School of Business, the most selective U.S. business school, rejected 92.9% of its applicants last year. Harvard Business School turned down 88.5%. UC-Berkeley’s Haas School said no to 86.2%, while New York University’s Stern School turned away 84.3%.
Those rather daunting probabilities begs an obvious question: Where do the odds fall in favor of the candidate?
Of course, all of this is relative. Acceptance rates for any school are based on the applicant pool its MBA program attracts. A lot of self-selection goes on here: If you think you stand a decent chance of getting in, you’ll apply, If you don’t think you’ll have a prayer, you’re likely to apply elsewhere.
Generally 80% of the applicant pool is good enough to get into a school
Still, admissions officials have said that as a general rule, 80% of a school’s applicant pool is fully qualified to be accepted into its MBA program and do well. So you can assume that about 20% of the pool at the best schools is essentially non-competitive for the school to which they’ve applied. The candidate is tossing a Hail Mary pass in the hopes that he or she gets through the screen of a stretch school.
If you were playing the odds of getting into the best possible MBA program, how would you do it? If you’re within the mid-80% of the GMAT and GPA ranges for the school and the acceptance rate is more than 30%, you have at least a 50-50 or better chance of receiving an invite.
Obviously, this is a simple way to look at MBA admissions. Work experience, the quality of your essays, recommendations and interview all play a role as well. But GMAT and GPA numbers loom large in the equation, enough so to create a list of the schools with the odds definitely fall in your favor.
So here’s our list of the very best “50-50 schools,” their actual acceptance rates, and the GMAT and GPA scores of the latest entering class.
Source:  US News & World Report 

Monday, 22 April 2013

Carlson MBA Admit!!!

Hello Readers,

So glad to inform you that my student got an admit from Carlson MBA with USD 46,000 assistantship !!

Name:    Bhaskar V 
Degree: Bachelor of Engineering 

Work Exp/Company Name: 4 years, Citrix R & D India Pvt LTD 

GMAT & TOEFL score: 700 & 101 

Program Applied to: MBA 

Universities applied to: University of Maryland, Pennsylvania State University, University of Vanderbilt, Georgia Tech, University of Minnesota 


Interview Calls received so far- University of Maryland, Pennsylvania State University

Sunday, 21 April 2013

Our 2013 Global Admits

Hi All

This is to inform you that my student Adarsh A has bagged Graduate Assistantship for the entire MBA program SCM at UTK !!

 So happy to inform that my student Monideepa Sengupta has bagged full stipend for 5 years of PHD degree in Biomedical sciences !!

Thursday, 18 April 2013

ISB will do away with the video essay !!

We regularly review our application process to include innovations that will help candidates to better demonstrate their strengths and to enhance the application experience. The video essay brings forth the communication skills in a candidate which is a key leadership attribute. However, we found that technical details around the video were causing concerns among a good number of applicants and were distracting them from focusing on the overall application. Hence, we have decided to discontinue the video essay as part of the application this year. We are also making few other changes to our online application system. The details on these shall be made available once the application portal goes live.