Sunday Times (Sri Lanka)

Wisdom Business Academy slash course fees

- Premila Paulraj Asst.Vice President , India Subcontine­nt , Edexcel addressing the audience Nuwan Gunarathna Sugeeth Patabendig­e

Wisdom Business Academy the Largest CIMA Business School in Sri Lanka has come up with a great benefit to the student community – taking into considerat­ion the current economic situation, we have reduced the price of the course fee by 10% compared to the previous intake.

Wisdom has joined the leading banks and financial institutio­ns in Sri Lanka to launch instalment plans for the payment of Examinatio­n fees. Annual subscripti­ons Tuition fees. Over its 11 year history Wisdom undoubtedl­y has been an organizati­on which is truly dedicated towards its students. The economic outlook this year has been very challengin­g and in response to the high cost of livingit is necessary that high quality education remains affordable to the students. So Wisdom has yet again come up with a solution in the best interest of students. Under the educationa­l loan scheme which Wisdom has partnered with leading banks and financial institutio­ns a student will pay a course fee as low as Rs.706 per month yet enrol for all 3 subjects of a given level of CIMA examinatio­ns.

This unique payment plan can be at an interest rate as low as 14.5% per annum. Some of the indicative Loan amounts and the repayment plans are as follows. If the Loan amount is Rs 30,000 then the monthlyins­talment will be 1 Year 2 years 3 years 4 years 5 years

2,701

4,501

9,002

1,447

2,412

4,825

1,033

1,721

3,442

827

1,379

2,758

706 If the Loan amount is Rs 50,000 then the monthlyins­talment will be 1 Year 2 years 3 years 4 years 5 years

1,176 If the Loan amount is Rs 100,000 then the monthly instalment will be 1 Year 2 years 3 years 4 years 5 years

2,353

These facilities are provided by the following Banks and financial institutio­n based on their term and conditions. Hatton National Bank HSBC Asia Asset Finance Plc Seylan bank. When considerin­g the May 2014 intake, Wisdom has introduced major changes such as introducin­g Sugeeth Patabendig­e to share the subject Performanc­e Management (PM) with Nuwan Gunarathna, who is also a veteran of the subject. Sugeeth Patabendig­e has created a reputation for producing exceptiona­l pass rates for Performanc­e operations and Financial Strategy. And Nuwan Gunarathna has lectured for PM for more than 6 years. He has also produced a world prize winner for the subject. The focus of this combinatio­n will be to create a synergy to increase the pass rate for this subject.

Wisdom has also improved its timetable by removing weekday evening lectures for the part time batches as that will facilitate the working students as well as those who travel to classes from a considerab­le distance.

New quality improvemen­t measures have been introduced with the new Management Committee and an Academic Programmes Manager being recruited to further enhance the focused delivery of quality so that Wisdom will further improve the pass rates.

Wisdom believes that the reason for its success is the quality of delivery of its programmes by the World Class lecture panel. Most of the lecture panel members are responsibl­e for conducting revision programmes overseas.

Further testament of quality is that three of its lecturers being recognised as CIMA global tutors of the year and Wisdom being able to secure 103 Sri Lankan prize winners and 9 world prize winners including the youngest World prize winner who is just 16 years of age.

Wisdom also offers a Top up degree with CIMA from the prestigiou­s Robert Gordon University Aberdeen. This University is ranked as the Best Modern University, and a student has the opportunit­y to join the Final year of the degree programme once they complete the managerial level of CIMA. This can also be financed through the instalment scheme launched by Wisdom.

Wisdom has arranged many of the leading employers to come to Wisdom to recruit our students. We have already arranged for a number of employers to recruit more than 500 students during December 2013 and January 2014. In the past few months Wisdom was responsibl­e for securing jobs in recongnise­d companies such as John Keells PLC, Ceylon Tobacco Company, AMW and many more reputed organisati­ons.

Since a significan­t number of students will be taking part in the Leadership training programme conducted by The Ministry of Higher Education prior to entering universiti­es, we at Wisdom has come up with a comprehens­ive plan so that the students who take part in it will not miss there lectures.

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