Frequently
Asked Questions |
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| Q.
1) |
How
can you give MBA in 6 Months? |
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The program is for 2 years, however we give this facility to our
students wherein they can finish the program any time between
6 month and 2-years. Generally if you pursue MBA from some other
institute and even if you finish your studies in 13 months you
can give your exam only after 24 month. In our case if you finish
your studies in 13 months, you can give your exams and get your
certifications done, thus saving your own 11 months. The duration
of the program completely depends on the student calibre. |
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Q.
2) |
Will
the companies accept 6 months MBA?
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Sir,
first of all your certificate will not indicate that you have
finished your program in 6 months or 8 month. It just indicates
the date you have finished your program. Secondly for past 16
years, we have been giving this fast track MBA and you can see
the list of companies where our students are placed. So the Companies
do accept and acknowledge this MBA. |
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Q.
3) |
How
can you give MBA in 5 Subjects? |
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Sir
since you already have an experience of “n” years
with you, we acknowledge the fact that you already have the basic
knowledge of Management through your practical life and you don’t
need to go through the basics again. So we have handpicked all
the necessary subjects which are absolutely required for a program
to be called an MBA and we have specially deigned this tailor
made course for you. |
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Q.
4) |
Is
your institute approved by AICTE &/or UGC? |
Ans. |
1.
2.
3.
4.
5. |
Sir
we have not taken the AICTE approval. There are several reasons
behind that. First of all they have certain norms like to run
an institute you should have 5 acres of land in an urban area
or 25 acres in a non urban area.
Also your classroom size should be this much and you should have
a bank balance of 2 crores. Since we are running a distance learning
programs what will we do with this much of land.
Secondly if we take there approval we will lose out on a lot of
our strong points. We will not be able to provide you with fast
track education as the duration would be decided by AICTE.
In such a case we wont be able to give 100% placement guarantee
to our regular MBA students which is one of our strongest points.
As far as UGC is concerned, they give grants to a university and
we are not a university. |
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Q.
5) |
What
is the ranking of your Institute in India? |
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1.
2.
3. |
In
distance learning mode, we are definitely in top 10, as rated
by various business magazines like Business barons, Business Management
Chronicle, Google.com etc.
In regular mode, the rankings are based on the placement of the
students. And since our first batch is going on, we will get to
know the ranking only after we finish our first batch.
Most of our students have already got offers to the tune of Rs.3
lac to 3.5 lacs. |
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Q.
6) |
Why
should I go for your Institute instead of a University? |
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1.
2.
3.
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Sir
its completely your choice. The benefit that you will get by doing
your MBA from our institute is as follows:
You can save a lot of time as we give you the fast track option.
From a university, you will have to invest a minimum of 2-3 years
whereas from our institute you can finish the program anytime
between 6months to 2 years.
Being a ISO certified
international B-School, we update our study material
every 6 months whereas the universities update the curriculum
every 2-3 years. The curriculum for MBA (any management program)
being a professional application based program,
needs to be updated as every now and then a new management style
emerges and the old one becomes redundant.
A University will give an option of 5-6 specializations
but we offer you over 100 specializations |
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Q.
7) |
Do
you provide a degree or a diploma? |
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1.
2.
3. |
Sir
management programs are professional courses and the question
of a degree does not arise.
We have courses from diploma to doctorate level and we provide
you with the certificates.
The degrees can only be provided by the universities and since
were a self financed autonomous body, we cannot provide you with
a degree. |
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Q.
8) |
But
will this certificate be valid in govt jobs as I think they need
the candidate to be a MBA from a AICTE approved university only? |
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1.
2.
3. |
Sir
I can assure you that this certificate will be valid anywhere
as far as jobs are concerned.
If you allow me to send you a copy of our prospectus, you will
find a list of people who have finished their program from our
institute and many of them are in govt sector.
For the past 16 years many of our students have applied for the
govt job after our course and they have been selected. |
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Q.
9) |
Can
I give the exams before 6 months? |
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Yes
sir you can, by paying the pre-examination fee of Rs.2000/- only. |
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Q.
10) |
Can
I go for an extra specialization? |
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Yes
sir you can go for as many specializations as you want. You have
to pay Rs. 5000/- extra per specialization. |
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Q.
11) |
When
did your institute start? |
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It
was established in 1990 by Lokseva Foundation Trust in Mumbai. |
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| Q.
12) |
How
many branches do you have? |
Ans. |
Including
the sub-branches and franchisees we have 25 branches all over
India. |
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| Q.
13) |
How
many students have done their MBA from your institute? |
Ans. |
Approximately 20000 (Indian and Overseas students) |
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Q.
14) |
After
submitting my papers, in how many days would the results be declared
and when will I get the certificates? |
Ans. |
After
submitting your papers, you shall receive your certificates in
21 working days. |
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Q.
15) |
In
how many days would I get my study material? |
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After enrollment you will receive your study material in 15 working
days. |
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Q.
16) |
How
many specialization do you offer? |
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We offer more than 100 specializations, hence we have a course
for almost everyone. |
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Q.
17) |
You
said I can give my exams sitting at home. Doesn’t that mean
I can cheat and write my papers? |
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1.
2.
3.
4. |
Sir
as I told you the question papers that we send you are in the
form of live and practical case studies and not the direct theoretical
questions where you can open the book and copy. In case studies
you have to present yourself in a given situation.
MBA is a application based program where our aim is to make sure
that you handle the situations in your professional as well as
personal life better. Generally also if you face a particular
situation, where you do not know the solution, what do you do?
You consult your colleagues, your books, your friends and then
you learn to handle that situation. In this case also if to answer
the question if you are taking anybody’s help, you are learning
something.
Even IIM’s, IIT’s have started this unique examination
style called Open Book Test system. |
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Q.
18) |
What
is MBA fast track ? |
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Sir the program is for 2 years, however we give this facility
to our students wherein they can finish the program any time between
6 month and 2-years.
Generally when you go for a regular MBA with 16-24 subjects the
course structure is basically divided in 3 major parts (refer
diagram on the next page). In the first part i.e.1st Year,
you get to revise the graduation studies and the basics of MBA.
In the second part i.e. 2nd Year 1st half, you get to
learn your 1st specialization and in the 3rd part, they
cover your second specialization. This particular program that
we offer is a single specialization MBA with 4 other subjects.
So in a way what we are offering you is the 2nd year 2nd half
of any regular MBA program because you already know the first
2 parts through you experience. |
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Q.
19) |
I
have never seen any of your Ads in the print media. Why?
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1.
2.
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Sir
we belong to an NGO which is a non-profit making organization.
So instead of giving the money for the ads in newspapers, we believe
in using that money in helping another child.
As far as coverage in media is concerned , there have been regular
articles about our institute in top business magazines like Businessworld
(June 2003 issue), Outlook (May 2003), Business and
Management Chronicle, Business Barons, Career and Competition
Chronicle, The Week |
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Q.
20) |
Is
your MBA equivalent to a MBA from a university? |
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If you are talking about the validity then it is equivalent. But
in terms of the course curriculum I would say our MBA would be
a little better as we update our curriculum every 6 months as
compared to a universities 2-3 years. |
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Q.
21) |
What
is certification? How is it helpful to me? |
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Certification means we are allowed to use the logo of a particular
body (whom we are accredited to) on our certificates. That mean
these bodies have certified that we meet their standards of quality
and hence the certify the validity of these certificates. Being
accredited to bodies like NABCB,UKAS, AQSR, ANAB (Counselor to
use the full forms), makes your certificate valid and acceptable
all over the world. |
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Q.
22) |
Where
does your faculty come from? |
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1.
2.
3. |
Sir/Mam,
we have faculty on the permanent as well as on the visiting basis.
We have a team of World-class faculty associated with us, that
includes faculties from IIMs, and from the major corporate
houses as well. Our creative patterns thus enable our regular
MBA students to obtain a minimum guaranteed package of Rs.
2.4 lacs or more. In the past our lots of students have reached
this peak during their summer-intership, which is 6 months before
completing the program.
We have common panel of faculties for our correspondence courses
who set the question papers and correct the answer sheets as well, because
we have given you the guarantee of 100% assistance in placement
globally and we also do update our course curriculumn on a regular
basis.
To give you this placement we need to groom you to a certain level
so that the companies give you a package hike of 25% to 30% or
more, depends on your calibre and descretion of the Organization.
And to groom you to that level we need to have the best international
level faculty. |