Great news for December’12 students! Being the first batch of Global MBA students going to the new Sydney campus, to accord them a warm welcome, S P Jain will cover them under a 5 x 3 meal plan, free of cost. What this means is that all their meals – breakfast, lunch and dinner (Monday to Friday) would be catered for and served at the cafeteria on campus by S P Jain, at no cost. The total value of this is estimated at $2,000 for the 4-month period. All they need to take care of are the meals on weekends and on holidays. This offer is strictly for the December'12 students and cannot be differed.
On another note is the clarification on the process for getting an Australian visa. The visas for Dubai and Singapore would be procured by S P Jain but the Australian visa, students need to apply for directly. That said it’s actually a very simple and transparent process.
There are 2 requirements for students to get the Australian visas:
- English proficiency: Students need to take an English language test; there are various options but it is recommended to take the IELTS (a minimum score of 6 is required) or the TOEFL iBT (a minimum score of 60 is required). Details of the option are available on the website http://www.immi.gov.au/students/students/573-3/eligibility-student.htm#e. This should not be difficult for any student who has been educated in an English medium school.
- Financial statements: Normally Australian authorities look for $1500 per month towards accommodation, food and living costs. Hence for 4 months it works out to $6,000. Students would have already paid $4,000 (one third of $12,000) to S P Jain towards accommodation costs. Now they are also covered under a meal plan.
Students would be able to enclose a receipt to the visa authorities that covers their accommodation + food. They will be living within walking distance from the campus and so no internal travel costs would be incurred. So all the students need to show is some money for personal expenses. S P Jain estimates $1,000 for miscellaneous costs would be sufficient, but of course final decision lies with the authorities. Students would need a bank statement reflecting this money.
Students would also need to show the authorities a confirmed ticket for their travel to Sydney and exit. If they are unable to show a ticket at the time of applying for a visa, they would need to show an amount of USD 2000 in their bank account towards ticket costs.
Should students have any further questions, the S P Jain team would be happy to address these in person or they may mail their queries to gmba@spjain.org.
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