Five best Universities in the world for Business Studies - MBA

Where to go for the study is an important decision that Students face when they decide to take up an MBA course. Top business universities cover a wide range of business-related courses such as economics, finance, and accounting, etc. This Degree can act as a stepping stone to all students’ careers.

The list of TOP Universities is as given below

1)      University of Oxford

       2)    Harvard University

       3)    University of Cambridge

       4)    University of California, Berkeley

       5)    Stanford University

1)University of Oxford:

Undergraduate business students from Oxford University study in a traditional framework and a small group of tutorials.

Oxford’s academic for business is said to be a business school which teaches business, management and finance across Global.

It includes -MBA programmed -a Ph.D. in management studies -a master’s degree in finance economics -law, and finance – strategic management

In Oxford, students have to pay fees for the year no later than a week in the term when they commence the study.

OR

Seven days after the actual course start date…You should always check your university Web page.

For Indian Students who study in OXFORD; their tuition fees, accommodation, and invoices could be processed at a cheaper rate through international fund transfer done by AD-II

2)Harvard University

It is the oldest university in the US and most prestigious in the world. This university named after the first benefactor, John Harvard. He left his library and half of estate for institutions when he died.

Excellent teaching, learning, and research, and it is made of 11 principal academic units.

Approx. USD $150000 is the average study cost per annum.

Harvard University offered a variety of payment options for tuition fees, monthly payments -which includes online payments, wire transfers, etc.

Wire transfer is less expensive as a mode of transfer for Indian Students.

3)University of Cambridge

Cambridge University is made up of 29 separate colleges. Business and economic degrees are also taught at Cambridge Judge business school.

The courses include MBA-master of finance -master of accounting & MPhil program.

This college is in the UK and the second oldest university there.

Cost of fees at Cambridge University are

·         Tuition fees

·         College fees

·         Living expenses

Student make sure that they do not undertake any paid job during the academic sessions.

4) University of California, Berkeley

The California University, Berkeley school is also known as “Haas School of Business”. It is the second-oldest business school in the UK.

This school have courses of – academic spectrum-full time, evening & weekend MBA-Master of financial education and undergraduate degrees.

Also gives six-week summer course for non- business students opportunity to learn the fundamentals of business.

This is a research university, the oldest of the ten campuses of the university.

Student payment: All type of fees is to be paid in local currency and students to make international payment transfers without any extra charges /fees and delays.

5) Stanford University

This University’s business school admits Students for MBA, Ph.D., master’s, and executive degrees. The most selective business school at Stanford. Based on the competition students are accepted for the course. Normally less than 7 Cent of applicants secures in place.

Joint degrees at different schools for postgraduates and a combination of the business with subjects such as earth science, education and law are available.

There is no specific business and management courses for undergraduates. They can choose majors like currencies, international relations, and management of science and engineering.

Method of payments:

·         Stanford E-Pay

·         International payments

International payments are bank to bank transfers. 

Also, make payments through Stanford E-pay.

Can Foreign Remittance be recalled if the amount is deducted from an account?

Before answering, one must need to know the difference between money transfer within the country and between countries. When a person transfers currency with a country means, he may use the same provider in both ends i.e. sender and receivers can be the same but in foreign remittance, the receiver might not be the same firm which sends.

When doing transfer between countries, once the amount is deducted from the account, recalling it back is a difficult task ever. If the amount that has been deducted and credited to the beneficiary foreign bank account, the reversal of money is not possible until the foreign bank accepts the transaction order that has been made form the sender bank account or through any other moneyexchangers portal that has initiated the remittance.

Now you may think what happens in case of pending transactions. It may look so simple, but it is not like that it’s tedious? Recalling amount, strikes on one's mind, mostly when the amount that has been transferred is incorrect or when the remittance order is not accepted by a foreign bank and tends to be pending.

In that situation, the cancellation order can be sent to foreign banks, but still, the decision lies in the hands of the recipient bank based on the purpose of the transaction. Seeking permission for reversal lies on both the end i.e. from where the transaction has been initiated and its ends. To overcome the difficulties foreign currency exchangers help a lot compared to banks.

                The situation where reversal is possible is that in case the account details are wrong or when the beneficiary account is frozen. Without any further steps to carry forward the amount will be recalled. Still you are concerned to get back the amount that has been deducted the only way is that to go ahead with the guidance provided by both the banks in which the transaction has been made.

Countries where Indians do not required Visa in advance

Many people want to travel abroad from India on their vacations. If you hold an Indian passport, you can fly 58+ countries across the world without a visa in advance. As per passport Index, India has the 84^th most powerful passport in the world. India’s outbound market is booming. However, travelling with visa in India is very long and arduous process.

Indian passport is more powerful than the passport of our neighbouring countries i.e. Sri Lanka, Pakistan, Afghanistan, Bangladesh and Bhutan.

Indian passport gives you visa free travel in Asia, Africa, Europe & Caribbean and Oceania as stated by many posts but in actual many destinations require visa on arrival or E -visa.

Different types of Visas:

It will be easier for you to plan your budget and trip if you are aware of the visa rules of the country you are planning to visit.

·         Visa free- Visa not required to visit

·         Visa on Arrival – As name itself said ‘ on arrival visa’. Visa granted to visitors at the airport entry.

·         E-Visa – To be applied online in advance.

·         Permits - Countries issue entry permits to visitors. Keep documents ready on arrival

Major countries where Indians can avail visa-on-arrival facility are Thailand, Sri Lanka, Myanmar, Tanzania, Kenya etc…

Visa- Free Countries for Indians

1)Indonesia

Southeast Asia located country is Indonesia. This is full of islands, beaches and its rich culture. Famous destination of BALI & JAVA is there and also rainforest of Sumatra.

While travel you should carry certain amount of destination currency i.e. Indonesian Rupiah. To buy INR TO IDR.

2)Nepal

One of the best tourist places to visit. Nepal is known for Hindu and Buddhist temples and shrines. Famous for white water, rafting trips and treks of varying difficulties and views of Mt. Everest. Indians do not need passport or visa to visit Nepal. Foreign currency cannot be issued to Indians travelling to Nepal. INR is accepted in Nepal.

3)Bhutan

Bhutan is known as the Kingdom of Clouds and Happiness. Delicious food, a rich and fascinating culture. Indians do not need passport or visa. INR is to carried by Indians visiting Bhutan and foreign currencies cannot be issued as per FEMA.

4)Grenada:

This country attracts travellers to see islands, colourful Georgian building and tranquil beaches.

 

5)Haiti

It’s a Caribbean country. Wonderful sights like mountain fortresses and palaces ,sugar plantations, coastal resorts and diverse wildlife. This country capital called as ‘colourful painted houses.

6)Jamaica

A Caribbean island nation to see diverse landscape of mountains, rainforests and reef -lined beaches. Many large resorts, exciting water sports, delicious food and vibrant nightlife.

7)Maldives

This is popularly known as shimmering white sand beaches. Stunning turquoise lagoons, extensive reefs. Maldives is tropical nation in the Indian ocean. Its located in South of Sri Lanka and is full of luxury resorts.

8)Mauritius:

Indian ocean is the island of Mauritius. Having rainforests, beaches, lagoons and reefs etc. All kind of adventures activities like hiking, snorkelling scuba diving and game fishing.

MUR is the official currency of Mauritius.

9)Qatar

One among the gulf country Qatar Capital is Doha. Ultramodern waterfront promenade lies and arid desert, filled with sand dunes and small towns.

10)Serbia

Its located in Europe’s Balkan peninsula. Serbia known as mountains and mountain ski resorts, vibrant nightlife.

11) Malaysia

In Malaysia, Visa has suspended for Indian citizens till December 2020. Indian Tourists can enjoy free visa travel for maximum 15 days. Malaysian Ringgit (MYR) is the official currency and easily available  at exchange houses in India.

Everything you need to know about Foreign Currency Exchange before traveling from India

Are you an Indian traveler looking to travel abroad soon? Do you regularly visit foreign countries for business trips? Do you wish to send money to your loved ones living abroad? If your answer is yes, you in the right spot. Learn about all the foreign currency exchange services to plan your next trip much better.

 

1.      What Are Foreign Exchange Limits for Indian Travellers

 

Banks usually allow foreign exchange up to USD 2,50,000 for each financial year to Indian residents. This is according to the Liberalised Remittance Scheme (LRS). The guardians can sign the LRS declaration form on behalf of their minors. HUF, corporate, trusts, partnership firms, and other organizations are exempted.

 

a. Business Trips

If you are traveling for an international conference, specialized training, seminar, apprentice training, or any business trip, you can avail of foreign exchange up to USD 2,50,000 for each financial year.

b. Employment Reasons

You can have a foreign exchange up to USD 2,50,000 if you are traveling abroad for employment reasons.

c. Study Purpose

You can have a foreign exchange up to USD 2,50,000 even if you do not have an estimate from the foreign university where you will study.

d. Donation or gift

You can donate or gift up to USD 2,50,000 for each financial year to any individual or organization located abroad.

e. Medical Treatment

You can get foreign currency exchange up to USD 2,50,000 if you are traveling abroad for any medical treatment. This is even when you do not have an estimate from a doctor based in India or abroad.

f. Private Visits

If you are traveling to Iraq or Libya, you can draw a foreign currency of up to USD 5000 per trip.

 

If you are traveling to any country apart from the Republic of Commonwealth of Independent States, Russian Federation, Iraq, Libya, or Iran, you can draw foreign currency of up to USD 3000 per trip.

 

If you are traveling for Haj/Umrah pilgrimage, you can draw a foreign currency of up to USD 2,50,000 or the limit specified by the Haj Committee of India.

 

2. What Are The Two Best Ways For Foreign Currency Exchange When Traveling Abroad From India

 

a. Debit And Credit Cards

Debit and credit cards are the safest option for smooth transactions abroad as the foreign exchange rates are reasonable as well.

b. Forex Prepaid Card

Orient Exchange offers multi-currency forex cards, which is an ideal way to travel abroad. You can get reasonable foreign currency exchange rates with our forex cards.

Transfer Foreign Currency or Money From India

 

Transferring money to your family members, friends, or even a business has become very easy now. The technology boom that we have seen in recent times has given us a lot of options to transfer money abroad. However, not all options are the same as the costs and time required for the money to reach the recipient can vary widely. Here is a comprehensive guide that will help you transfer money to people living in foreign countries at ease.

What is the right medium to send money abroad?

What are the best options for money transfer or money exchange near me? You have several options like money exchangers, banks, and online marketplaces to send money to your people living abroad. Money exchangers can be a great option compared to the other two. So let us look at why it can be a preferred option for you to send money abroad.

 

• ·         The fund transfer services offered by money exchangers are very fast, secure, and reliable.

• ·         You do not need to spend your precious time by creating an account or registering yourself on any portal.

• ·         You only need important documents like residence and identity proof.

• ·         There is added security as they verify the details of the sender and receiver. Your future transactions also become more streamlined

What are the different purposes for which you can send money abroad?

You can transfer money abroad if you have any one of the specific reasons. 

• ·         Visa fees
• ·         Medical treatment
• ·         Emigration fees
• ·         Education costs
• ·         Employment
• ·         Care for close relative
• ·         Visits abroad for private purposes
• ·         Police verification

How much money can you send abroad?

The limit to transfer money abroad is governed by the Liberalised Remittance Scheme, along with the limits and guidelines set by the Reserve Bank of India. Each person has a limit of $250,000 or its equivalent sum in the Indian currency. You can refer to Indian currency value with other countries list to get a better idea.

What are the options to transfer money abroad?

There are many different options, but here are the two important ones.

• ·       Foreign currency demand draft -  It is a very secure and easiest way of transferring money abroad. These are physical paper drafts that can be couriered, mailed, or even carried physically to a foreign country. These are ideal for purposes like school fees, college applications, etc. 

 

•          Wire transfer - These involve direct transfers from the sender’s bank account in India to the receiver’s bank account in a foreign country. They offer a very convenient and hassle-free mode of transferring money abroad.

How much will it cost you to transfer money abroad?

There are three factors that determine the overall cost of your transfer.

 

• ·         The amount charged by the service provider.
• ·         Foreign exchange rates.
• ·         The amount charged by the receiver’s bank.

The benefits of choosing a money exchanger to transfer money abroad

Here are some reasons you can choose to transfer money abroad.

 

• ·         They offer a range of services that will help you transfer money either in the recipient’s account directly or you can also avail of instant cash service.

• ·         You do not need an account, and the transaction process is very swift.

• ·         Though the dollar rate varies on a daily basis, which affects USD to INR and Euro to INR conversions, they offer one of the best rates.

• ·         Their service is very fast so your recipient will not have to wait long to receive money.

Send Money Abroad

World is become more connected; more people or corporates needs to send money abroad for many reasons. If you live and working away from the home, time will definitely come when you have to make transfer to abroad for support your loved ones and other reasons. 

Outward Remittance is basically the same as an international money transfer. Many of the sender /customers live overseas and send their hard money to support their loved ones. For example: Parents do wire transfer to University or their son/daughter’s account for purpose of their education.

To help them, please visit your nearest branch of Orient exchange or go to the website www.orientexchange.in

Some of the tips to be followed for good convenience:

Right place to Approach

·                Telegraphic transfers or process of sending money are made through ADII RBI licence holder or banks or money changers.

·                Customer should remember that you just can not trust any individuals with the responsibility of sending money.

·                Experts recommends to choose a better exchange house /bank who have the international footprint which make you money transfer easier and secure.

Mode of transfer

You need to choose option of send money .One is Wire transfer and another is Demand draft. Wire transfer is done via SWIFT i.e. Society for Worldwide Interbank Financial Telecommunications.

Swift transfer   is most secure and standard system which can be done by banks to their correspondents with each other. A demand draft can be sent abroad physically and takes little bit of time to get cleared. In most of the time remittance will be received by beneficiary bank in 48 hrs.

Process of application

Primarily, customer has to send their documents /upload either online or visit the office or request for home verification of KYC and other relevant documents. The requirement of documents may slightly vary with purpose behind sending the money. There is a limit set by RBI to individuals who remitting money to abroad. RBI has placed an annual cap of $ 250000 to the individuals

·         Rate fixing: Customer can book their forex rate by paying 2% of the transaction value or they may pay after verification of documents.

·         Fees/charges: Many banks are involved in a single outward remittance through the SWIFT network. Customer are liable to pay extra fees. Two to three intermediary banks may handle the transfers so they can add their own charges. In addition to that own bank & receipt bank charges are also included in what you pay.

Duration: Remitter to receiver ‘s account

Swift transfer is transfer money between multiple banks before the funds credited to the seller’s /beneficiary account. This process will be completed from 1 to 5 working days depending on the countries where you transfer .

What details are must for outward remittance transfer ?

*Beneficiary Details :

Name of the beneficiary &

Address of the Beneficiary

*Payee Bank details :

1) SWIFT CODE: Swift code is known as Bank ID /SWIFT CODE/Identifier code.

Each financial institution is having their own unique swift code. Swift code usually has 8 to 11 digit or characters.

For Ex: BANK OF AMERICA transfer, SWIFT CODE is “ BOFAUS3N”

2) Beneficiary bank name

3) Beneficiary bank Address and branch name

4) Beneficiary Bank Account Number

5) Currency wise bank details are additionally required:

            i) AED – IBAN

            ii) GBP – IBAN, Sort Code

            iii) CAD – Transit Number

iv) AUD – BSB Code

v) EUR/NZD/THB/SEK/SGD – IBAN

Attention on exchange rate:

Customer always think about best way to send Wire transfer at cheap cost.

In current market scenario, customer should know that most of the banks or money exchangers don’t use the real exchange rate. Instead of that, add more margin on top of live rates. So, customer pay more or beneficiary receive less. To avoid this hidden charges try using  online services which provide you the live /real exchange rates on all wire transfers ,currency Exchange, forex card etc….

Top 5 Universities in Australia for Indian Students

Australia is one of the most famous international education destinations around the world. The country is famous for its lofty living standards and a world-class education system. Australia is home to some of the world’s best universities. The 2018 QS World University Rankings features over 37 Australian Universities. There are around 1100 educational institutions that offer over 22,000 different courses in the country. With so many options, you can choose from the ones that best suit your interest. Here is a list of the top five universities in the country you can choose from.

 

University of Melbourne

Founded in 1853, it is the oldest university in Victoria and the second oldest in the country. It is the second highest-ranked university in the country and 40th among the top 100 universities around the globe. The university has over 42,182 students out of which over 12,000 are international students. The university offers a range of undergraduate and postgraduate programs. It is popular for its excellent education standards, teaching, and research facilities. Its main campus is in Parkville, while several other campuses are in Victoria.

Australian National University

Ranked as the top university in Australia, it is also the 20th best university in the world. The university has over 14,000 students and is in Canberra, which is the capital city of Australia. A leading national research university, it has an excellent record of student employability and satisfaction. 

University of Queensland 

It is at the fourth spot of the best universities in Australia. It is popular for its quality research facilities and education system. It is the fifth oldest university in the country and colloquially known as the sandstone university. It is in Brisbane and has over 52,000 students, including around 15,000 foreign students from more than 140 countries. The university is also the founding member of edX, which is the online higher education consortium in the country.

University of New South Wales 

Located in Sydney, it ranks at the third spot in the list of the best universities in Australia. It ranks at the 45th spot among the world’s best universities. The university has over 53,000 students from more than 130 countries around the world. The university has the highest median ATAR for different universities in the country. It also attracts a high number of top 500 students in the country. The university also offers international exchange and research partnerships with more than 200 universities across the globe.

University of Sydney

It is the oldest university in the country and ranks 50th in the list of best universities in the world. There are over 55,000 students in the university and has a campus that is among the top 10 most beautiful campuses from around the world. The university offers the most number of courses than any other educational institution in the country. It also ranks high among the graduate employability criteria.

Final thoughts

Are you looking to study abroad in Australia? If your answer is yes, you will require a trustworthy money exchange agency as you will need regular money transfers. You can seamlessly send money from India to Australia by using our services. Are you looking to transfer money to Australia? Or transfer university fee abroad? You can use our services to send college fee to Australia. We offer the best Australian dollar rates. Use our services to exchange INR to AUD currency as we give the best AUD rates in India.