ICFAI

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Category: Education

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ICFAI Reviews

Puneet Agarwal November 10, 2010
Making fool for doing MBA
Dear All,
This is to inform u that I had enrolled in MBA program in ICFAI )distance learning ) in July07.I have passed till grp D in 2yrs.I just wanted to warn those who are going to enroll for MBA in ICFAI.They peoply only making fool to us.At the time of enrollment their marketing person make faque promises for just only want to make their business like he will provide the part time job of approx 8000/mnth, it is very easy to pass exams I will help u in exams, U can continue this with your job, i will make a source for education loan etc etc..I and many of my frnds has been promised by their marketing persons just to fill their pocket and comission.They will water your mouth by giving such comments that after completing MBA u will get guarenteed job of 20, 000/month.But beware of these faque promises.I belong to the middle class family and doing job.They showed my the creamy things in doing from here and I took an education loan for this.But till now I have completed only grp D in 2 yrs.Their course structure os so high just like regular course and impossible to do with job.It makes a lot of mental pressure of completing course in 3mths.They fail you intentionally just to make money by submitting Rs.1000 for a grp.May be you peoply won't believe me but I asked only one question regading ICFAI marking in papers which no one able to give my answer for that.I have got exact 55% marks in A, B and C grps.Not even 55.1 or 55.2.The same thing happend with many of my frnds also.They also got total exact 55% marks.i.e 220/400.Can u tell me how is it possible to get same percentage of everybody.What is the reason behind this.Can everyone has the same abilty to get only 55% passing marks..How is this possible..It just only means that cut the marks intentionally just to make bound the stdent to submit fees again for the same grp.As per the analysis done by me ICFAI results goes in points.I requested with the manager that i want to quit this course and want my fees back as I am not in the position to continue and I have to pay my loan back.They directly refused.I have wasted 2 1/2 yrs and money also.So I request not to join ICFAI.They ony make fools to student and spoil their future.
Ravi08 February 25, 2010
Normal
H!,

I completed my CFA from ICFAI University. I find people are posting very silly and laughing complaints against ICFAI University. I don’t understand why people wasting time in posting issues here rather taking advantages of Student Service Department, Arbitration Terbunal (Resolution Cell) of the ICFAI University. Through out my study, whenever any issue rose I got in touch with SSD and the issues resolved very quickly.

Ravikanth
deb28 February 11, 2010
examination
My brother is pursuing mba distance from one of the branch of icfai at kolkata. this last jan'10 he appeared for the group A exam which result just arrived. After his exam he collect some information from some ICFAI regular student of campus that the Inst. never clear the distance learning studen in one attempt. As the course is meant for 7 years so they just try to collect more money thru this system as when ever you appaear for the exam you have to pay Rs. 1000 per group. My question to the senior one please help me & let me know is the system or any wayout is there. Should I ask this matter in the Campus or the news is fake. Please help.
Majid Khan December 21, 2009
Cancellation of Admission
ICFAI insitute is completely commerial. They are not concentrate to career for student. They open their insitute for making money.

I have taken admission in July, 2009 for MCA Course. I have filled initial payment Rs.5000/- and also submited 4 PDC cheque of Rs. 3200/-. My finacial condition is well to submit the fees. I have given mail to Student Service Department regarding my cancellation of admission. But they are touchering me to clear the outstanding dues. Otherwise recovery department take against you.

So, please suggest me. I am not able to clear the outstanding dues.

Majid Khan
[email protected]
May 1, 2008
debit card pin number
MY ACCOUNT NUMBER IS 75305.I HAVE OPEN A SALARY ACCOUNT ON NOV'07. I HAVE DEBIT CARD THAT TIME. BUT NOT YET RECEIVED DEBIT CARD PIN NUMBER. ON APRIL'08 I AGAIN APPLY FOR DEBIT CARD. I HAVE GOT DEBIT CARD.BUT NOT YET RECEIVED DEBIT CARD PIN NUMBER. I HAVE GONE THERE SO MANY TIMES. THEY HAVE TOLD me negative answer AGAIN I MADE A PHONE CALL BUT THEY DO NOT ANSWER ME. BRANCH : AGARTALA, TRIPURA.

my account no is 75305. pls confirm me whether my debit card pin no has come or not at agartala brance, tripura
March 3, 2008
Want 1.6 lacs even though i don't want to join the MBA course!
I applied for ICFAI Executive program by submitting my application to their Kochi, Kerala office. I paid Rs 20,000/- as initial payment and gave them 15 post dated cheques worth Rs 9750/- each. This was on 18th of Dec 07. I was told that confirmation of my admission would be sent to me only by Jan 08.

After two days, I got an offer due to which I was sure that I could not complete the course as it included mandatory visit to ICFAI campus in Hyderabad. I sent an email to SSD requesting withdrawal of my application, but the email kept bouncing back saying the mail box was full. Then I submitted a hardcopy of request for withdrawal with the Kochi office, and got a copy signed by the branch manager accepting the withdrawal. She assured me that she would take care and get the money back. I had mentioned in the letter that I have asked my bank to block the cheque. All this happened, before my application was accepted by ICFAI.

I didn't accept any study material from ICFAI, but now they are threatening to take me to court because I had blocked the 15 cheques which I had given to them.

Now either I have to pay 1.4 lacs for nothing or have to take legal help. I am not sure what I should do. I have already lost Rs 20000/- which I am ready to forego.
November 22, 2007
Exam Registration Scam
Hi. I am a student of ICFAI and have enrolled myself for their MBA cource. my registration number is MBA2090514. I encountered the pathetic attitude of this university during my first group examination. This university usese schools as their examination center. The seating arrangement in schools are ment to accomodate childrens. I along with all the other ICFAI students was made to sit on a bench ment for 4th standard student. This was not at all comfortable. Given the fact that this course is a Post Graduation Cource, the management should understant the the physical size of any person after gradutaion is no where comparable with the 4th standard student. The same problem was faced while 2nd group as well. More problem started in 3rd Group. This was the time I learned that my initial payment of 68,000 (which was paid using PDC and included the interest amount) does not includes the examination fees. So now i have to pay 1000 rs as an examination fees every 3 months to go and sit on the bench made for 4th standard student. Why dont these people spend some money and get colleges as their examination centers??

Thats not all since now I had to pay 1000 rs towards examination fees i went to their Borivali branch to get my self register. I was told that the only two ways to get registered 1) online by providing your credit card or debit card details and 2) Paying the amount in Punjab National Bank and then registering online. So in both the cases i did need to have the access to internet. The person at Borivali branch failed to understand that i do not have the credit or debit card internet access and it wont make sence to pay my fees at Punjab National Bank as again i will have to go online and register.

Finally i decided to use my friends Credit Card and his internet connection to get registered.

The most disgusting I realised was their site. The site is not build to accomodate their current strength. May be the promoters of this university never realised that they will get so much of student base. The site hangs after every 3 minutes.

The payment portal is even more pathetic. Somehow after 2 ours i managed to reach the page which said payment succcessful please wait 5-10 sec for your hall ticket to get downloaded. The side hanged at this page and my hall ticket never got downloaded. I again went through the pain again with the same result the final hall ticket never got downloaded. But to my surprise amount of rs 1000 was deducted from my friends bank account was dedcuted twice all due their pathetic site.

I called up the borivali branch and was informed that even if the amount gets debited from my account it is not necessary that i am registered. I need to have the copy of hall ticket to make sure that i am registered. I was asked to write a mail to [email protected] to get the amount reversed. I again went to the site again and tried to get registered this time at night very late cause i didnt want to take the risk of heavy traffic on the site. The registration went through.

I wrote a mail to [email protected] regarding the addtional 2000 rs that were debited from my friends account to ask for directions as to how should i get that reversed. I realised that [email protected] never replies. I had sent arround 6 mails to this address and have not received any response.

This ICFAI university is a big SCAM and goverment should take action against this university. It does not functions at all like any educational institution and the people realted to this university themself does not have any idea about its functionality.
October 23, 2007
complaint of ICFAI institute
http://www.icfaidistancelearning.blogspot.com/


Please visit the above link and add ur complains there.

Hi All ICFAI MBA - Distance Learning Aspirors and existing students.

With my personal experience with ICFAI distance learning MBA, I want to educate people who are willing to join this course.

I would like to warn each student who might want to pursue this course that it is high level risk of your career and time. Please think 100 times after reading the below info if you want to join this course.

Lets start from good points ( probably some of them lured me to join the course )

1 COURSEWARE - They have an excellent courseware with high quality knowledge. They almost cover all the aspects in a particular subject for which negative part I will cover later.

2 The Brand Name - I have heard I dunno how true this is that ICFAI is one of the top Business schools.

3 No Entrance Exams - You dont need any CET / CAT or other entrance exams to join this course. Even a person winning a luna ( getting dot 35%) can join the course and think of becoming an MBA.

4 Flexible Payment - Major working low / middle class students can think of joining this course.

5 MBA degree - This can be the shortcut to get an MBA degree. Highly recommended.

6 The course is not that easy though but atleast that gives u hopes that you will learn something good.

Now Enough Lets see the other end.


$ - Fees are too high

$ - Their lectures are pathetic a normal first class graduate would have a better knowledge in certain areas than their professors ( mumbai )

$ - They are granting admission to students without any planning there is no limit. It becomes like a govt school.

$ - They charge considerably high for almost everything which they are not worth of. And this seems it is only coz of their name and books probably. But if that is the case then they are highly unproffessional.

$ - Though the books are amazing they cover major topics but how easy is it to finish studying all of this within 3 months. E.G accounts subjects start from basic FYJC accounts till MCom level accounts. Commerce students will tell you the difference in the level.

$ - The course is difficult but you dont expect to get MBA kind off knowledge wen the portion is so vast and time is so less.

I have just created this blog since im unhappy with this course and thinking of many students who have great dreams and less opportunity ( money as well) who join this course with high hopes and then cannot accept the ground reality of this course. They are somewhere fooling so many of us. People like me are not bothered of loosing money and being patient but my question is when will all this stop.

Lastly

I have written a couple of emails to this organisation ( where I never got any reply and Im not expecting either ) which clearly says how disgusted I am at the moment.


Dear SSD,

Since many days I was trying to register for my Group C exam and always used to realise that the registeration are not on yet. I always used to get the message shown in the attached file.

Please check you website records as well if you think im worng.

Please give me a clear understanding if I am getting such notes how will I proceed and register for exams.Untill yesterday I was under an impression that registerations are not on yet.

Lately after my friend intimated me today that registrations are on and will now have to bear late fees. I was still calm till I was sure that I didnt miss the date. The problem now is that now I am not able to register for my exams in any nearby location from my house and almost all the centres nearby to my residence in Mumbai are full.

Some simple questions which I know ICFAI will not bother to address me till any further step is taken.

Why was this link not rectified?

Why does ICFAI do not send intimations for exam registerations if they can send double reminders for cheque clearance?

I think with ICFAI being so big they atleast must be knowing the expected footfall for certain exams with no of admissions they have. If they can make arrangements for admission who will make arrangements for exams?

Who will be responsible of my waste of three months if I cannot give the exam?

Why should I register in a village or an area miles far away from my house if have no options ?

Lastly with so high fees that you charge for the course can you please let us know if you people are actually justifying 1000rs that are charged for each exam when they cannot solve infrastructural problems.

No response to this email will only be considered a glorifying achievement in ICFAI's unprofessional approach towards educating people or another learning for me of how to run away from problems.

Finally again let me reiterate that I understand that there are problems with every organizations but they are not solved unless people

Thanks

Tushar Khakhar



It would be great if someone can at least read the below email as well where I haven't got any response yet.


----- Forwarded Message ----
From: tushar khakhar
To: [email protected]
Sent: Friday, 1 June, 2007 12:10:39 PM
Subject: Re: MBA group C classes

Dear Sir / Madam
This is to inform you that we are unhappy with the unprofessional approach towards conducting the training classes for MBA.
There are a serious of concerns that we have are mentioned below.
It has been repeatedly noticed that the classroom which is for school students is given to us. Adding to it we being a batch of 80 students ( noticing since three groups) try to accommodate in the classroom. We need to adjust ourselves to 3 student per bench. It is very difficult to concentrate in these circumstances. The joke being the professors tell us to note down the proceedings of the lecture. Normally, in those benches only two people can accommodate and write down notes easily and when three people fit in neither of the three can write anything. Also do I need to mention that we cannot use the Lift service, no coolers or air conditioners in the classroom (that is not necessary ) etc. It just makes me realise that I was a fool to join for training lectures and I don't attend classes for many such reasons. Believe me the actual scenario in the classroom is very difficult to explain.
We were still OK with this treatment till the first two groups (Group A and Group B). But now that I know that Group C is the most difficult and your past records show that the pass percentage for this group is the lowest. Being a commerce graduate myself I understand that these subjects cannot be covered in few lectures. But looking at the current situation if we still cant get the most out of what we are getting now then it is just useless to go for such training programs.
And let me add we have been complaining about this to our coordinator Poonam Padia and the least is we could expect anything from her. It seems she does not have much authority to change things or she cannot do anything as she has less options or she is not doing anything for her benefit. The responses that we get is students strength tends to reduce every week and hence they cannot conduct two batches. But how does that matter when you people have received fees from all the students.
Whatever the reason might be but also the fact is we pay Rs 3000 for training of one group. If at an average we count 50 students ( where there are actually around 80 students in my batch) the total for that batch would be Rs 1,50,000 (50 x Rs 3,000).I understand there is some rent that needs to be paid for the classroom and also remunerations to the professors. But practically speaking the rent is negligible compared to the income that you get per batch. Also considering that my batch is not the only batch conducted, there are so many batches at the same time so rent hardly matters if I consider the income from all these batches. I'm sure professors do not charge anywhere close to Rs 50,000 per batch that you cant afford one more if you split the batches. This where I need to add that, Do we even get any luxurious treatment against this?
The question I want to ask is that, in these circumstances it is difficult to sit for the lectures and If someone fails who is the person responsible.
A suggestion, please do not play with peoples career this way it takes pain to earn money and most of the students joining your MBA program cannot afford high donations and are working personnel's.
I have no hatred for ICFAI but I am upset with the way things are placed.
Again this is in the interest of the people who normally will never speak up, as in India people are used to adjust themselves in life.
I know it is difficult to change such things easily but I want my institute to get awakened and also want to let them know that they are one of the best but they can be the best in the market and this is exactly what I am trying to address.
Finally I am happy and proud that I am pursuing my masters from ICFAI but...
Hoping for your positive approach towards my email.
Thanks & Regards
Tushar Khakhar
MBA 2082399
Joined MBA (distance learning) in Borivali, Mumbai Branch.
Currently in MBA Group C
P.S - Please address this to the higher officials


Ha ha I must be very sarcastic here but ppl my intentions are also to teach these people of what I have learnt from their so called 360* Learning MBA Course.

Many of the ICFAI faculties and employees and loyal students who must have cleared very easily or must b having loads of money will revert back to this blog in anger which is what I anticipate.

Let the game begin.

Tushar Khakhar

[email protected]

http://www.icfaidistancelearning.blogspot.com/
September 23, 2007
Fraud and cheating!
This is to bring your notice to ICFAI University‘s fraud. I am a student of ICFAI university distance learning program for MBA. ICFAI University have branch office (sales office) in many city, Main purpose of ICFAI is to take as much money from student as possible. They charge for everything.

In this race for money, one new formula that ICFAI university have derived is, they pursue students for various ways to pay money to University like “join study group”, sell of past question papers , answers (some centers in Pune also sell future question papers).

And then all the poor student who do not have money to keep paying for these increased demands of ICFAI university, only there mark sheet go through negative marking. ICFAI University have a line printed on every Question paper, where it says “There May be Negative marking“.

And this May will be decided my “Examination Committee” depending on total inflow of money from particular student. My Question is, is it legal for any University to print such line “there May be negative marking” on any Question paper.

After many Emails and telephone to ICFAI SSD department I am not able to get this answer. Email [email protected]

Beware!
June 29, 2007
Beware of them!
Surely icfai is a fraud university and it is threatening student. Once you give pdc cheques, you do your study or not. They ask their money without study and threatening the student for pay the cheque by the via legal notice. It is not an university it is a looting finance company. Government should take action against this university.

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