Wednesday, February 19, 2020

IIM Lucknow Admission Criteria 2020-22


IIM Lucknow Admission Criteria 2020-22
IIM Lucknow offers MBA Program which is a two-year tenure full-time post-graduate program in three different ways which are as follows:
·       PGP (Post Graduation Program) : It offers a post graduate course in MBA for period of two years.
·       PGP SM ( Post Graduation Program- Sustainable Management) :  The two year program offered in IIM Lucknow offers students to develop social responsibility of businesses towards the environment in sustainable way.
·       PGP ABM (Post Graduation Program – Agribusiness management) :  The Two Year Post Graduate in Agribusiness Management is designed to train  students for careers in management related to food and agribusiness
CAT 2019
The admission in IIM Lucknow will be based on CAT exam 2019 which was conducted on 24 November 2019 and whose results were declared on Jan 4 , 2020. Based on CAT percentile and further process which follows the admission process in IIM Lucknow, admission of students will be done for MBA program.
Minimum academic qualification for admission in MBA program of IIM Lucknow:
·      A candidate aspiring for admission in MBA program must have a Bachelor’s Degree, with at least 50% marks or equivalent CGPA ( whatever the university follows) . The marks varies  to 45% in case of the candidates belonging to Scheduled Caste, Scheduled Tribe  and Persons with Disability category.
·      Candidates appearing for the final year of bachelor’s degree/equivalent qualification examination is eligible only if he/she submits a certificate of degree latest by June 30, 2020.
·      Candidate who has not received their graduation results at the time of registration will have to produce certificates and mark sheets as soon as the respective Institute publishes the results, but before DECEMBER 31, 2020
Admission procedure in IIM Lucknow
Stages in Selection
Stage 1: Minimum CAT percentile cut-offs to be crossed for PI (Personal Interview) and WAT ( Written Ability Test)  process:
Stage 2: Shortlisting for PI and WAT process
Stage 3: Criteria of Final Selection for the MBA Program

Admission process:
Stage 1: The minimum section wise percentile cut off required in CAT 2019 for WAT and PI are:



PGP


PGP- ABM


PGP - SM

Category
 Quantitative aptitude
Data Interpretation and Logical Reasoning
 Verbal Ability
Quantitative aptitude
Data Interpretation and Logical Reasoning
Verbal Ability
Quantitative aptitude
Data interpretation and Logical Reasoning
Verbal Ability
Open
75
80
80
80
80
80
80
80
80
NC-OBC
65
65
70
72
72
72
72
72
72
EWS
65
65
70
72
72
72
72
72
72
SC
60
60
65
55
55
55
55
55
55
ST
55
55
55
50
50
50
50
50
50
PWD
55
55
55
50
50
50
50
50
50

Candidates securing the above mentioned minimum percentile in CAT 2019 in respective category will only be considered for their composite score in Stage II.

Stage 2: Short-listing for PI and WAT process
In this stage points are allotted based on marks scored in Class 10 and 12.
Component
Weight ( PGP )
 Weight ( PGP SM)
Weight ( PGP – ABM)
CAT Score
60
60
60
HSC Marks
10
10
10
Graduation Marks
10
10
10
Work Experience
10
0
10
Diversity factor : Academic Discipline
5
20
5
Diversity factor : Gender
5
5
5


Stage 3: Criteria for final selection in MBA program keeping in consideration of above point
Component
Weights ( PGP and PGP SM)
Weights ( PGP ABM)
CAT 2019 score
30
35
Academic performance ( 12 + Graduation)
5+5
5+5
Diversity factor
5
5
Personal interview
40
40
Written ability test
10
10
Work experience
5
NA
Total
100
100

Anyone who fulfill all the above criteria and is considerable according to above mentioned points in different respects are finally given admission in MBA program of IIM Lucknow.

As you can see, 40% percentage weightage is for personal interview+ 10% of WAT making 50% in final selection

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Tuesday, February 4, 2020

Top destinations for MBA


Top destinations for MBA

What’s the full Form of MBA?

The full form of MBA is Master of Business Administration. It is a post-graduate degree that helps students to become experts in managing businesses in all forms – whether it is a small family business or a big company.
It is among the most popular qualifications to have and is widely recognised in India and abroad by the top employers.
However, the MBA comes in various shapes, sizes and formats. That makes it confusing for applicants to decide which format works best for their career goals.
Benefits
An MBA degree offers many professional, as well as personal, benefits. Whether you work in technology, finance, management, marketing, or manufacturing, an MBA degree will open up opportunities for greater responsibility, career advancement, and increased financial reward. From a personal aspect, an MBA will improve your communication and leadership skills which are vital to professional success.

·        New job positions are open to you.

When you earn your MBA, the number of positions that are available to you rises dramatically. With that in mind, earning an MBA will qualify you to apply to higher-level positions and increase the career opportunities available to you.

·        New career paths are open to you.

     Even if your background is not typical for the positions you are considering, an MBA will provide the      education and skills needed to help you become a more qualified candidate.

·       Your earning potential increases.

    A recent study showed that the average MBA graduate’s pay was 50% higher than their position before    earning their degree. Even more impressive, in the five years after earning their MBA, the average pay increased by 80%. 

·        Your professional skills improve.

One of the key benefits of an MBA is that it improves your theoretical and practical knowledge of how businesses operate. A key component of success in business, or any endeavour for that matter, is having a compliment of soft skills, such as communication, teamwork, and leadership. 

·        You enjoy greater job security

Among the many benefits of an MBA is a more marketable skillset and greater job security, which may contribute to your peace of mind. The skills you develop in an MBA program will make you a valuable member of any team.

·        Your world perspective grows.

An MBA broadens your enterprise knowledge and helps you understand the nuances of operating in a global marketplace. 

·        You expand your professional network.

A strong professional network is one of the most valuable assets that you can have in business. 

·        You are more knowledgeable in areas most important to your career.

The right MBA program can teach you the skills you must possess in order to succeed in your chosen career.

·        You become a respected member of your business community.

An MBA commands respect from colleagues and others in your professional community. The qualification itself carries a lot of weight, but it’s your expanded skill set that ultimately differentiates you.
Top five countries for MBA

·        Canada

Canada is a very popular destination for Indian students who wish to study abroad. Not only MBA but the country has some of the finest high ranking institutions of the world offering high class education.  The Canadian economy is prospering and industries like mining, manufacturing and agriculture have seen growth year over year, which means after completing MBA, one can find enough job opportunities in the country itself.  Adding to that the cost of studying MBA in Canada is also very affordable as compared to other foreign countries.

·        United Kingdom

UK is one of the leading nations in banking sector and the top MBA graduates around the world are recruited by top banks in United Kingdom. Since students from different parts of the world come to pursue MBA from top universities in UK, one can make great connections here. Generally GMAT and TOEFL /IELTS scores are considered when seeking admission to colleges in UK. All the MBA programs offered in UK comes with multiple internship programs that are aimed to make the students industry ready by providing practical exposure.

·        Germany

Since most universities in Germany are now offering courses in English language, there has been a growth in the number of students pursuing MBA in Germany. Germany contains the highest national economy in whole of Europe and it ranks among the top 10 countries to offer highest paid jobs to MBA graduates in the nation. Most colleges here gets more than 70% of its enrolment from foreign students only, a large number of which are from India.

·        Australia

The MBA degree offered at Australia offers international recognition, which means with this MBA degree, you are eligible to find a job anywhere in the world. The cost of living in Australia is also quite affordable as compared to living in UK or US. There are different types of MBA programs offered by top Australian universities.

·        Singapore

Singapore is another country in the Asia Pacific region which is coming in the spot light due to its growing infrastructure and economy. The MBA and executive MBA program offered in Singapore are quite flexible which allows students to pursue the degree while earning which is why some these universities allow their students to work 16-18 hours a week.


For more info, visit https://www.gkworks.in/study-and-settle-abroad/

Free education in Germany


Free education in Germany
Introduction
The German government has made the internationalization of higher education a strategic objective. Internationalization has various benefits ranging from positive impacts on the quality of research and education to enhancing the global reputation of academic institutions. It also has a number of economic “spill over” effects. It can help alleviate Germany’s skilled labor shortages and stimulate immigration. As illustrated by a detailed 2013 study commissioned by the German Academic Exchange Service (DAAD), foreign students in Germany yield a considerable economic net gain for society. This holds true despite high public expenditures on foreign students, and the fact that German universities charge virtually no tuition fees, even for international students.

Germany as an Education Destination

Between 2013 and 2015, the number of international students enrolled at German institutions rose from 282,201 to 321,569, an increase of almost 14 percent. In 2015, China was the largest source country, accounting for 12.8 percent of inbound students, followed by India and Russia with 4.9 percent each. U.S. students only accounted for 1.7 percent of international enrolments in Germany. Despite increased interest in Germany as a study destination over the past decade, North American students prefer more popular European destinations like the United Kingdom, Spain, Italy, and France.
The German government seeks to further increase the country’s international student population to a total of 350.000 students by 2020. A joint position paper, issued by the federal and state governments in 2013, calls for the “strategic internationalization” of universities, better integration of foreign students, and increased funding for transnational partnerships and international marketing. It also advocates expanding the number of English-taught degree programs at German universities. This recommendation stems from the fact that mandatory German language requirements for most degree programs represent a substantial obstacle to enrolling foreign students. The number of English-taught master’s programs has increased considerably in recent years and currently accounts for approximately ten percent of all programs. Undergraduate-level programs, on the other hand, are still taught almost exclusively in German.
One of the most significant developments for the further internationalization of German higher education is the recent mass arrival of Indian students on German campuses. India is, after China, the second largest sending country of international students worldwide, and the number of mobile Indian students is projected to grow. Between 2014 and 2015, Indian enrollments in German institutions of higher education grew by a remarkable 24.4 percent to a total of 11,655 students, and India overtook Russia as the second largest country of origin for foreign students studying on German campuses. In light of these trends, some researchers predict that Germany could soon overtake the UK to become the largest market for international education in Europe.

·       Tuition fees in Germany

If you want to study in Germany, you’ll be happy to know that public universities do not charge tuition fees for Bachelor’s and Master’s programmes (except if you plan to pursue a Master's degree that focuses on a different subject than the one you studied as a Bachelor’s student). The German free tuition system is available for all foreign students, regardless of their country of origin.

·       Cost of living in Germany for students

Not only can you study for free in Germany, but it is also a pretty affordable country. The average costs of living for students range between 700 - 1,000 EUR/month, including accommodation. Cheaper options for international students are residence halls or sharing a privately rented apartment. You can also rent a one-room apartment (also called a studio).

Fear of student debt

Germany has free tuition are tradition and a "totally different understanding of the role education plays." People in Germany see higher education as "a public good, a way to train specialists that then benefit the public. “In the Anglo-Saxon world, people tend to see the "individual benefits, such as better career prospects and a higher income.” Germany is also committed to free tuition because of its goal of making a university education possible for children from low-income families. In the 1960s and ‘70s in Germany, there was a discussion about widespread access to higher education, in conjunction with support for free tuition. 

IN BRIEF: THE GERMAN EDUCATION SYSTEM

Germany has a federal system of government which grants its 16 member states a high degree of autonomy in education policy. The Federal Ministry of Education in Berlin has a role in funding, financial aid, and the regulation of vocational education and entry requirements in the professions. But most other aspects of education fall under the authority of the individual states, or “Bundesländer”.
A federal law, the “Hochschulrahmengesetz,” provides an overarching legal framework for higher education. A coordinating body, the “Standing Conference of the Ministers of Education and Culture,” facilitates the harmonization of policies among states. Regulations and laws are consistent in many areas, but there can still be considerable differences in key areas. In the recent past, for instance, the length of the secondary education cycle varied from state to state. And different political approaches to tuition fees in different states meant that students in some states were paying €1,000 (USD $1,100) in annual fees while their peers across state lines studied for free.
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