School Expert Q&A: MIT World Peace University (MIT-WPU)

About the Program

• Name of the school? School of Management, MIT World Peace University (MIT-WPU)
• School location? Pune (Maharashtra)
• Year school started? 1983
• Any ranking of the school? 1st in Western India, UI GreenMetric World University Ranking
• Name of the program? MBA

Admission Criteria

• NMAT score range: 200+
• Work Experience requirement, if any? Not Compulsory
• Interview Process: Group Discussion (GD)/ Extempore, Personal Interview, Statement of Purpose.
• Group Discussion process: Due to Covid-19, Extempore will be conducted
• Any other requirement in the admissions process? Statement of Purpose (SOP), Valid National Level Entrance Test Scores

What is the Application Process?

• How does one apply for the programme? Candidate to fill Application form Online at www.mitwpu.edu.in along with application fee.
• What is the Application fee? Rs.1500/- + GST
• Where do I get a copy of the Application form? For Application form, visit https://bit.ly/3t0ZYx3
• When does the application process start? December 2021
• What is the last date to apply? Up to June 2022

What is the Admission Process?

• Applicants will have to go through the following process Candidate should have 50% marks minimum in Graduation followed by valid score in NMAT, GD/ Extempore, Statement of Purpose, PI
• What was the NMAT score cut-off for accepted students for 2019 intake? Non-zero scores
• When should I expect an invitation for an interview? 10-15 days from the date of submission of application form
• Who should I contact if I have a question regarding my application? Please share the contact person name and email. For query, call 02071177142

Fees & other expenses?

• What is the estimated cost for the entire program for a student? Rs.7,80,000 for 2 years
• What is the cost of living for the duration of the programme? Rs.1,70,000/- Yearly (Approx.)
• Are there other costs to be taken into consideration? If yes what? In case of any additional charges, will be informed by student section during selection.

What is the financial support option available to students? Curriculum/Faculty/Student Exchange/Hostel accommodation facilities of the school?

• What are the scholarship options available for NMAT by GMAC students? Yes, MIT-WPU offer scholarships to meritorious students having NMAT Scores. For details, visit mitwpu.edu.in
• What are the criteria for determining scholarship applications? Merit based limited scholarships will be offered on having valid NMAT (ranging from 25% to 100% scholarship for first year) or any other National level test scores.
•  What are the options of availing a loan?
  • MIT-WPU has tie-up with BANK OF INDIA and AXIS BANK LTD to facilitate students avail education loans on very attractive terms:
  • However, students can avail education loan easily from all most all premier nationalized banks and private sector banks at attractive terms.
  • The loan is given by banks for Course Fees, Living expenses and other incidental expenses.
• What is the amount of loan that a student is eligible for and what are the documents required? 
  • Minimum documentation.
  • No collateral upto loan amount of Rs 7.50 Lacs.
  • Repayment period can be extended upto 15 years.
  • Minimum rate of interest.
  • 100% loan for fees amount upto Rs 4 lacs, if fees is above Rs 4 lacs, loan amount is 95% of the fees.
  • Repayment to start after 6 months of completion of course.
  • Loan can be availed from any of the branches of the Banks.
  • However, students can avail education loan easily from all most all premier nationalized banks and private sector banks at attractive terms.
  • The loan is given by banks for Course Fees, Living expenses and other incidental expenses.

    (Student will be provided contact details of person incharge in the offer letter for updated information on Education loan)

• At what rate of interest is the loan available? What is the date from which loan repayment begins? What is the maximum period in which a loan is to be repaid? Refer Point above
• Does the Institute/School help in getting loan? 
  • MIT-WPU has tie-up with BANK OF INDIA and AXIS BANK LTD to facilitate students avail education loans on very attractive terms:
  • However, students can avail education loan easily from all most all premier nationalized banks and private sector banks at attractive terms.
  • The loan is given by banks for Course Fees, Living expenses and other incidental expenses.
• How many intakes in a year and when? 1 Intake in a Year
• Size of the intake? 1080
• What are the specializations available?
• MBA with Dual Specializations in Corporate Social Responsibility (CSR), Sports Management, Innovation Management, Business Analytics
• MBA Marketing
• MBA Finance
• MBA Human Resource Management
• MBA Operations Management
• MBA International Business
• MBA Banking and Financial Services
• MBA Hospital Management
• MBA Fintech
• MBA Digital Marketing
• MBA Logistics & Supply Chain Management
• What is the geographical representation of the candidates at your school? Any student exchange programs available at your school? MIT-WPU has students from All India. University also offer Rural Immersion Program, National Study Tour and International Immersion Program
• What % of the batch finds jobs within 3 months of graduation? 85%
• What is the mean starting salary of a class after graduation? Highest Package Rs.13.5 lac and Average Rs.6.5 lac
• What are the key sectors represented in recruiters for this programme? Almost all sectors ranging from IT, Consulting, Retail, Manufacturing, FMCG, Sports, CSR, Infrastructure, Hospital Management, Fintech, Banking & Insurance to mention
• Share with us the names of some top recruiters for this programme? Aditya Birla Retail, Barclays, LIDO Learning, Tata Consultancy Services Ltd. (TCS), Axis Securities Ltd., IDFC First Bank Ltd., Nielsen, Exide Industries Ltd., BYJU's, Adecco India Pvt Ltd, The Hackett Group, Capgemini Technology Solutions, Amdocs, Citi, Paytm , Accenture, Deutsche Bank
• Does your school run any initiatives to promote classroom diversity? If yes please share details.
  • MIT-WPU offer, Learning through practical solutions to real problems. Students get the extra professional curve by learning team building and time as well as resource management skills through well-organized national and international technical and cultural events. Also offers, SKILL – ABILITY ENHANCEMENT COURSES.