Frequently Asked Questions | Chai University

How do I enroll?

Please fill out the form on the Apply Now page. Someone will call you and then you will receive your admission form to fill out. Your college degree qualifies you for admission. If you do not have a BA or BS, you can use Apply Now and we will contact you about finishing the requirements. We will need your transcript from college. We do not require GMATs.

Every required class has material in our learning management system which acts as your textbook. You can read it on-line or print it out for use while traveling or quietly reading. You do not have to purchase additional textbooks. We believe we are one of the only schools which provides its students textbooks without additional charge. This is another savings to you of thousands of dollars per year.

Your payment for your accredited MBA degree will not exceed a total of $5,995.00.
You pay $249 by credit card or Paypal to reserve your spot in your first class. You mail a check for $175 administrative fee with your admission form.
Once your $249 first class fee is paid, you spot is reserved until your admission form is completed and reviewed. If for any reason you are not admitted, both your $175 and $249 ($424 total) is fully refunded.
You then pay $249 per class for each additional class until you reach $5,995.00 (23 additional classes). That is a total of 24 classes for the MBA.
We do not accept student loans.

We are an on-line education partner of government accredited Eastern Institute for Integrated Learning in Management University (www.eiilmuniversity.ac.in). They are a licensed and regionally government accredited educator by the Sikkim regional government in India by official government act. See their web site for this information (In non-US countires, the use of .ac in a web site means accredited such as Oxford University which is www.ox.ac.uk). EIILM University provides our curriculum and overseas our on-line teaching. Your degree will come from them. Graduates of this program are accepted for further study at top universities around the world, and work for Fortune 500 companies.
The school is backed by the Rai Foundation. The Rai Foundation was started with a donation of $150 million by Mr. Vinay Rai, a graduate of MIT who also took classes at Harvard Business School (www.vinayrai.in). He is an entrepreneur and philanthropist. He donates a large portion of tuition for women in India who often do not receive family support.
Although taking classes from a foreign school may be new to you, their standards are as high or higher than American standards. Graduates of foreign schools often work for and run Fortune 500 companies and many go on to Ivy League schools for further studies. The foreign degree is recognized by corporations and universities. We are bringing the quality and cost-effectiveness of these programs to American students via the Internet.

Our Professors are leading practitioners in their fields who teach both the theory and practice of their field. They all have Ivy League degrees, and have recognized accomplishments in the business world.
Professor Jack Bloom holds an MBA from the MIT Sloan School of Management and has more than 25 years of business experience. Prior to joining us at Chai, he was Professor of Management at NYU Stern School of Management, and a Visiting Instructor at Beijing University where he taught entrepreneurship. Mr. Bloom worked on Wall Street for twelve years as a Managing Director of Corporate Finance and then ran his own retail and consumer finance business for ten years.

In our online learning courses, you take one or two classes at a time. We offer video lectures that involve studying from a textbook and answering questions. Throughout the lessons, you email the teachers with questions. There are interactive on-line sessions once a week per class where you attend in real time and there is a live classroom style discussion. The large "well-known" distance schools do not offer video lectures or interactive sessions.

Yes, you can get a general MBA or specialize in finance, marketing, or entrepreneurship.

Managerial Economics, Corporate Strategy, Corporate Finance Management, Marketing, Business Law, Operations & Quality Control, Human Resources & Organizational Management, Statistics, Accounting, Ethics, Investment Management & Financial Markets, and Entrepreneurship are all required classes. Electives include work in your field of specialization or additional classes in any subject.

Yes. Students who put in the effort and complete all assignments generally get Bs with some getting As.

We have in person testing in some the classes where you will go into a library or learning center, show an ID and take the exam.

Once you are accepted and you start a class, you may only get a refund in the first week of class. After that refunds are not provided.

We are only accepting 250 students for our first class. Please sample our lectures and apply now to reserve your spot.