This post aims at outlining the steps that follow after one receives an acceptance mail from the school. As I am realizing, getting the writing the GMAT, applying to the school and interviewing and getting an acceptance mail is amounts to just 60% of the work. The real work for most international (and local students) starts after that.
1. Get a Pay order for 2000 CAD and send it to Queen's School of Business. The school will process your Pay order and send across the enrollment package.
2. Get a loan - expected time - 2-3 weeks. Most students start analyzing the interest rates offered by the banks only after getting an admit. Based on my experience, I would say, it is better to start taking to prospective bankers as soon as your applications are done. As far as banks are concerned, the more time you spend talking to bankers, the better it is. The paperwork can be quite tedious and it is better to set aside at least a month for the bank related processing. For Indian applicants, the maximum amount you can apply for is Rs 20Lakhs, and for that one must show collateral and a co-signer. Talk to the bankers and get the documentation needed for validating the collateral. Additionally, bear in mind that loan has to be processed from the location where your parents / co-signer stays. Hence a 3 - 4 week period for loan processing is a safe assumption.
3. Work out the remaining amount - Can be done along side bank processing - Ensure that you have assets for the remaining 15 Lakh INR by means of parental funding, savings, borrowing from relatives, provident funds, etc.
4. Get a net worth letter from your CA - 2 - 3 days - Once your education loan has been sanctioned, get a net worth letter from your Chartered Accountant. A net worth certificate is a financial evaluation of the applicant and people who are going to financially support the applicant through the course of his program. Evaluation will consider the education loan amt in addition to any liquid assets, fixed assets you, your sponsors have. This takes a day if u know the CA well. Also get an affidavit mentioning the individial sponsors whose financial assets were accounted for in the net worth certificate. This should take about 2-3 days at the maximum, if you know the CA well.
5. Visa Documents: Keep in touch with VFS meanwhile and ask them the list of documents you need to submit for visa purposes.
6. Submit all relevant forms / supporting documents to VFS with a demand draft of the amount for applying for Student Visa. This detail is present in the VFS Website. VFS sends this to Canadian Embassy, and you get your medical test letter. This takes a week.
7. Get a medical test done (3-4 days) as mentioned in the letter from the embassy. The test takes 1 day, but bear estimate at least 2 days gap from the date you receive the medical test letter and the actual date of medical test.
8. Get Visa Stamped - 1 week - 10 days - Resend your passport to Canadian Embassy with your medical test results. You get your passport stamped within a week.
9. Book flight tickets to Canada. Again, like the loan processing, it is better to plan the flight tickets in advance to ensure that you get good deals. Also, some travel agents block flight tickets for about a month in advance. Pursue that option actively too.
10. Shop - On going - Get formal wear, suites, thermals, and a sweater. Do not but winter wear, as it is recommended to get winter wear from Canada. More on shopping at a later post.
11. Fly to Kingston. :)
Additionally, these are the other things that can be done, on a need basis:
(a) Parallely finish any assignments that has been given by the school. These assignments are present in the enrollment package.
(b) Search for houses online. Get an idea of the expected rent in Kingston. I have decided to live outside, and not take up Grad Res. The formula I am following is to look up craigslist / Kijiji.ca and get the address of the apartment. Then, map the address in google maps and find out the time taken to walk to campus. This not only helps you understand the real estate pricing there, but also helps you understand the geography. I believe that this really helps you in intangible ways, and also gets you excited about the place.
While making a checklist of things to do, it is better to go backwards. So, assuming that you are scheduled to fly on May 1st, then, allot 3 weeks for Visa + 4 days for medical test + 3 days for net worth certificate and 1 month for loan processing. So, it is better to plan the tasks so that the paperwork is started by March 1st week (February last week).
From acceptance mail to reaching the Business school - A stepwise process of the tedious tasks
100 Best Blogs for MBA Students
A student of the 2009 batch put up this link in the Facebook Group that we have started for the 2010 batch. This is a very useful link for, especially for aspirants wanting to apply to schools and want an inside knowledge of what the student body feels like.
100 Best Blogs for MBA Students.
One of the factors that really helped in opting for Queen's School of Business is the blogs maintained by 'appleseed', Ramzi Asfour, and 'Indian Blogger'. Appleseed and Ramzi are currently pursuing his their MBA in QSB and 'Indian Blogger' is Queen's alum, whom I had the opportunity to meet quite recently. The student blogs of any school offer that extra dimension that can aid in your decision making.
'Bizgirl' is a 2010 batch student and she has started blogging on her MBA journey. You might find that useful too.
Getting an admit in Queen's
My first interaction with the business school was when I met their representatives as a part of the MBA tour in Bangalore. You can read up about them in their website. In a nutshell, these tours offer you a chance to meet the representatives, alums and members of the admission committee of various schools. While every representative will showcase their school's merits, this event gives you an opportunity to ask questions, identify what the school seeks, and like in my case, opens up newer options, schools that you might not have considered before. I was impressed with the way the school's representatives spoke, and also had the opportunity to talk to alums who were in India.
A cursory look at their website reiterated my decision. The school was well ranked, had a good reputation, but most importantly, the Team Based MBA model and the rigor of the program impressed me the most. More about the Team Based MBA in later blogs.
Like every business school, Queen's requires you to first take up the GMAT. For more details about the GMAT, please visit GMAC's page.
I had taken the TOEFL, but I believe there have been a few students who were waived of this requirement as they had completed their studies in English.
After sending these scores to the school, one has to write a few essays (3 this year). The essay topics vary from year to year, but are aimed at out your overall personality. The school gives heavy emphasis on team work, and experiences in working with teams. So, it is better to chart out your professional / academic accomplishments and how team work helped you through it. These essays can be submitted online. An online application page is listed in the school's website. Also, one has to have a 1 page resume ready, and the resume also has to be uploaded to the website.
Post submission, the essays are evaluated and one is shortlisted for the interview. While I am not sure about which parameters are considered while shortlisting a candidate for an interview, I believe it is a mix of your GMAT Scores, work experience, uniqueness you bring to the program and most importantly your essays and resume. My interview was with Ms. Lori Garnier and it was a very smooth interview. Again, during the interview, I could make out the emphasis that was given to team work, as a considerable questions were hovering around my experience in teams. Typically a call for interview takes about 2 - 3 weeks from the date of submission.
Post interview, the admission committee takes about a couple of weeks to decide on your candidature. In my case, it took 3 weeks. Once they have reached a decision, the program management team sends an email indicating the same to you.
After getting an admit email, the school sends a FedEx package that has the temporary admission letter. A student is required to make a deposit of 2000 CAD to the school by means of a pay order. (For Indian students, this process is a very simple one. All you need to do is have funds equal to 2000 CAD in your savings accout, and ask the bank to issue a DD for the same. If you do not have an account in the bank, you can remit 80,000 Rs in cash and get the DD done. It is a hald-a-day process.)
Once you get the pay order ready, send it across to the school. Upon reciept, the school sends across a huge package consisting of official admission documents and some assignments, which are useful for securing a education loan.
Next... You have got the admit letter... What next?
A new start...
Welcome to my blog. This blog intends to follow my experience in Queen's School of Business where I shall be pursuing my MBA program.