FAQs
           

Frequently Asked Questions (FAQ)

Below is a list of frequently asked questions regarding applying to the Asian Institute of Management. If you can't find your inquiry here, please feel free to contact the Office of the Registrar at admissions@aim.edu.


Getting Started

Q: Where is AIM located?

A: The Asian Institute of Management is located within the Makati Central Business District (CBD). It is around 6 kilometers from the Ninoy Aquino International Airport. The institute occupies one city block along Paseo de Roxas and is just across the Greenbelt 1 shopping arcade. The arcade itself has restaurants, movie houses, shops and a supermarket, which can be seen from the AIM lobby.

Read more about the City in the Make It Makati website.

Q: What is the security situation in the area?

A: The Central Business District is highly secured. Security personnel patrol the campus 24/7. AIM's security office has a close working relationship with the Makati Police Department, and the service units of the Armed Forces of the Philippines.

Q: What is the weather like in the Philippines?

A: The Philippines has a generally tropical climate. The wet (rainy) season starts in June until around December. January and February are considered the coldest months of the year. April and May are usually the warmest. The rest of the months are generally warm and dry. While classrooms, offices and the dormitory are air conditioned, students are advised to bring light clothing for occasions where you have to go out.

Q: What amenities does the AIM Campus have?

A: Please visit the Facilities page for more information on facilities for academic use.

Q: Does AIM have international accreditation?

A: AIM is accredited with the Association of Advanced Collegiate Schools of Business (AACSB). It is one of only seven (7) accredited AACSB schools in Southeast Asia. AIM is also a founding member of the Association of Asia Pacific Business Schools (AAPBS).

Please visit our Accreditations and Rankings for more information.

Q: Will the units from my previous school be credited?

A:No, AIM's programs are designed as a complete package. The only courses credited are those from our exchange partner schools.

Please visit the International Student Exchange Program page for the full list of partner schools.

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For International Applicants

Q: How long should my passport be valid?

A: A copy of your passport is one of the admission requirements. An applicant must see to it that his/her passport must be valid within three years from the time of application for the MBA 16-month program and two years from the time of application for MDM program. This will ensure that the admissions processing of the applications will not be delayed and students will arrive in time for the opening of classes. Moreover, this will also assure that during the program the student will not be bothered by extending the validity of his/her passport.

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For Incoming International Students

Q: What visa is required for studies in AIM?

A: International students who are accepted for study in AIM are required to secure a 47(a)(2) Special Non-Immigrant visa. It is a visa similarly granted to expatriate businessmen, among others.

Do not attempt to come in under a tourist visa. If you come in under a temporary visitors’ 9(a) tourist visa and Immigration officials find out that you are coming in to study, you may be refused admission into the country.

Do not secure a student visa. Philippine embassies and consulates abroad are not authorized to issue student visas.

Declare if you have dual citizenship.

Q: What is required for the initial 47(a)(2) visa?

A: Requirements vary from country to country and students are informed of the requirements and procedures in the acceptance letter. The acceptance letter will also inform you if you are required to undergo clearance prior to visa application.

In general, all students must prepare the following documents:

a) Passport*
b) AIM acceptance letter*
c) Medical Certificate*
d) X-ray results and plate*

In addition, nationals who require visa clearance prior to application must also prepare to submit the following:

a) Copy of the ID page of passport and pages displaying passport number and validity
b) Philippine embassy or consulate where you intend to file your visa application.
c) Police Clearance Certificate

Q: Why does the initial visa have to be extended? Why can’t an extended visa be issued right away?

A: The initial 47(a)(2) visa is a single-entry visa and is valid for travel within three months upon issuance. The process is fixed by law.

As a privilege to AIM students, AIM's Office of the Registrar will handle the filing of the validity extension upon your arrival. The extension will do two things:

• It will allow the student multiple-entry privileges.
• It will extend the validity of the visa to cover the entire duration of the degree program.

To allow AIM to facilitate your visa clearances and extensions, the Office of the Registrar requires that your passport be valid for at least 18 months from the time classes start. This will save you from the unnecessary expense and effort of renewing your passport here, and re-stamping the visa on the new passport.

This is all done within the first two weeks after the opening of classes. The extension process may take up to six weeks.

Students are advised that they cannot travel outside the Philippines while their visa extensions are being processed. Otherwise, they have to get another 47(a)(2) single entry visa from the Philippine Embassy or Consulate in their home countries – a process that may take up to six weeks for some nationals.

Q: What should I do before my departure?

A: Before you depart for the Philippines, make sure to get in touch with AIM's Office of the Registrar and inform them of your flight details. You may get in touch with them by sending them an email to registrar.admissions@aim.edu . 

Upon arrival at AIM, proceed to the Office of the Registrar to register and check your dormitory accommodation. If you arrive on a weekend, holiday or after office hours, the key to your room may be secured from the front desk at the Dormitory Lobby as long as we are advised of your arrival beforehand.

Q: How do I get to AIM from the airport?

A: After you clear Immigration and Customs at the Ninoy Aquino International Airport (NAIA), please proceed to the Transport Counter outside the airport lobby. There are coupon taxis (usually white) that require you to pay for the trip at the taxi counter based on your destination. There are also metered taxis (usually yellow)that charge you depending on the distance covered. Metered taxis are usually cheaper than coupon taxis. The cost of transportation to AIM is approximately US$15.00 per vehicle. Students arriving on the same flight can share the vehicle and split the cost among themselves. You are advised to initially exchange around US$100 worth of the local currency (Philippine Pesos – PHP) at the airport to be used for transport and other minor expenses normally incurred upon arrival.

Q: What should I know about the local currency, banks and exchange rates?

A: The local currency is the Philippine Peso (PHP). There are banks across the street from AIM and many more within walking distance. Commercial banks are usually open from 9:00a.m. until 4:00p.m., from Monday to Friday. Savings banks also open at 9:00 a.m. but close later - some as late as 6:00 p.m. Banks are not open on weekends although some banks located in malls open on Saturdays.

It will be useful to have a few thousand pesos when you arrive so that you can cover incidental expenses such as meals and transportation especially if you arrive during the weekend. We therefore, recommend that you secure around US$100 worth of the local currency at the Ninoy Aquino International Airport (NAIA) upon arrival. You may need a little more if you arrive in the evening, especially on Saturdays. There are also foreign currency dealers around the campus but some of them are also closed on Sundays. The Finance office has made arrangements with some of the nearest banks that will facilitate the opening of Peso or Dollar accounts for incoming overseas students.

It is advantageous if you travel with a group to save cost in your transportation expense going to AIM.

Students who bring traveler's cheques or bank drafts are advised that it may take up to four weeks before these are cleared by the banks and the money is released. Therefore, it would also be available to have currency that can be readily converted such as US Dollar bills. The American Express office is a 10-minute walk from AIM. They can exchange AMEX Traveler's cheques to cash immediately. By experience, students will be spending about US$15 a day on food and around US$100 in incidentals (including phone cards for communication) for those first three weeks.

MBA students will also need to pay PHP 11,000 or approximately USD 245.00 for the visa extension that the Office of the Registrar will file as soon as you have completed your enrollment. This fixes the validity of your 47(a)(2) visa for 16 months, and allows family members to enter under the same visa. Overseas students in one-year programs such as the MDM need to pay only PHP 5,500 or approximately USD 123.00 since the validity of their visa is good for one year only.

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Fees and Payments

Q: How much funding should an accepted student prepare for studies at AIM?

A: School fees are made up of Tuition Fees and Miscellaneous Fees. An estimate of these fees are provided below:

For MBA students:

 

MBA (in US$)*

Tuition Fees

US$ 23,950

Miscellaneous Fees

$ 11,250

Total Program Fee

$ 35,200

** Not due on enrollment

Miscellaneous Fees pay for the student’s case materials, medical insurance, library fees and other school-related expenses for students. Not included are the students’ textbooks (for the MBA program) and participation in optional programs such as the Asian Study Tour for the MBA.

Estimated Other Expenses include living expenses while studying. Other personal expenses will include dormitory fees, food, laundry, snacks, supplies, communication allowances and other expenses. The estimated other expenses for the MBA includes activities that are optional, such as the Asian Study Tour (US$2,000). Students may deduct these amounts from their funding estimates if they decide not to participate in said activities.

For overseas students, included in the estimated other (living) expenses is a round trip ticket from and to the student’s country of origin. The estimate we placed is from the farthest point in Asia where a student has come from (in this case, Xinjian Province in China). Of course, the final cost will vary based on airline, flight schedule, ticket purchase date, airline promos, number of stopovers, and a host of other factors. For most of our overseas students from Asia, the estimate should be much lower.

For MDM students:

 

MDM (in US$)*

Tuition Fee

US$ 13,260

Miscellaneous Fees

4,240

International Field Trip

2,000

Estimated other expenses:
Dormitory Fees
Food and Personal Allowance
MRR/Thesis
RAA (fieldwork)
School Supplies
Two-Way Economy Airfare + Incidentals
Student Association Fee
Miscellaneous

US$ 12,200**
4,000
4,700
1,120
400
600
800

80
500

Total

US$ 31,700

**Not due on enrollment

Note:
1. A late payment penalty of 2% per month shall accrue on overdue balances
2. If due date falls on a Saturday/Sunday/Holiday, payment can be made on the next banking day. No late penalty shall accrue.
3. Payment in Philippine Pesos shall be computed based on the foreign exchange rate prevailing at the date of payment.

** Fees are subject to change without prior notice.

Q: How do I pay my fees?

A: 1) Students may pay directly at the AIM Cashier’s Office, located at the
Ground Floor of the AIM Campus.

2) Students based outside of the Philippines may also deposit payment or remit funds through wire transfer to any Bank of the Philippine Islands (BPI) branches in favor of:

Asian Institute of Management
SA No. 3213-2245-72 (Philippine Peso)
Bank of the Philippine Islands
Ground Floor, Corinthian Plaza
121 Paseo de Roxas corner Legazpi St.
Legaspi Village, Makati City, Philippines
Swift Code: BOPIPHMM

Asian Institute of Management
SA No. 3214-0684-77 (US Dollars)
Bank of the Philippine Islands
Ground Floor, Corinthian Plaza
121 Paseo de Roxas corner Legazpi St.
Legaspi Village, Makati City, Philippines
Swift Code: BOPIPHMM

Payment through Deposit: Please provide a copy of the deposit slip with your name and contact number for identification. This would facilitate the issuance of Official Receipt (OR). Without an OR, the payment will not be credited to your account and your fees will remain outstanding per accounting records.

Payment through Wire Transfer: Kindly indicate your name in the remittance application and furnish us a copy of the form duly received by your bank to facilitate identification and acknowledgement of your payment.

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Student Life

Q: Is there a dress code?

A: AIM has a dress code and there is a prescribed classroom attire. Shorts and/or slippers are not allowed in the premises, including the dormitory lobby from 8:00 am to 6:00 pm. Bring a sweater or jacket. All rooms, including classrooms and the dormitory, are air-conditioned.

Students should have a business suit for class presentations and other formal activities. Some student activities, including International Week and graduation ceremonies, require national attire.

Q: What items do I need to bring as part of my schooling?

A: A portable computer and pocket calculator are needed during the course of the program. Most students bring or purchase their own. If you decide to bring a laptop from your country of origin, please be reminded that electrical current in the Philippines is supplied at 220 volts and can damage equipment designed to work at lower voltages.

For printing, students may also have materials printed at the AIM's Office of Information and Communications Technology (ICT) for a modest fee. Some students who share a room at the dorm share in the costs of a printer.

Bring indigenous items from your country for the country exhibits during the International Week celebration.

Q: Are there food outlets in campus?

A: Students can buy from the following in-campus food outlets:

Cafeteria - AIM has a cafeteria that is open from 7:00 am to 7:30 pm from Mondays to Fridays, and from 7:00 am to 12:00 noon on Saturdays. It serves Filipino and continental dishes.
Student Association Store (SA store) - The SA store is located at the ground floor of the dormitory and is open from 7:30 am to 4:30 pm. It serves breakfast items, snacks and cold beverages.
AIM Conference Center - Manila (ACCM) - ACCM has a coffee shop at the ground floor and a restaurant at the 5th floor. The restaurant on the 5th floor serves continental and vegetarian dishes.
Third party providers - AIM contracts third-party providers who serve South Asian dishes during lunch and dinner.

A variety of snack shops, convenience stores, fast food outlets, and specialty restaurants are available right outside AIM.

Q: What if I become ill during my stay in AIM?

A: The AIM Dormitory has a clinic on the ground floor that is open from 8:00 am to 5:00 pm, Mondays to Saturdays.

In addition, all AIM students enrolled in in-house degree programs with the Washington SyCip Graduate School of Business (WSGSB) and the Stephen Zuellig Graduate School of Development Management (SZGSDM) are provided with medical insurance in case of accidents or grave illness for the duration of their enrollment. Insurance coverage begins from the day the student enrolls and remains in effect until graduation day.

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Dormitory

Q: Does AIM have a dormitory?

A: AIM has a campus dormitory, as well as a full service conference center inside the campus. The dormitory is strictly for students only. Each dormitory room is made up of two sleeping quarters and a central study area. Each sleeping quarter can accommodate two occupants. The dorm adheres to the First-Come, First-Served Policy.

For students who intend to bring their families along for the duration of their studies, there are nearby apartments that they can rent. Rental contracts are usually for a minimum of 12 months. The staff at the dormitory and Office of the Registrar can assist students who wish to rent these nearby apartments.

For more information on campus facilities, please visit our Facilities page.

Q: Are students required to stay in the dormitory?

A: Staying in the AIM Dormitory is not mandatory.

Most degree program students stay in the dormitory. MBA students are required to stay at the dormitory for at least the first three months of the program, as they adjust to studies, library and group work. These are usually done after school hours, and frequently extend to very late in the evening or early morning during school days. However, students may opt to stay in nearby apartments or condominium units.

Q: How much is the dormitory rate?

A: Dormitory fees vary according to the following arrangements:

• Those who opt for a 10-month contract and pay the dorm fees up front are charged PHP14,500 per month. Contract extensions (from the 11th to the 16th month in the case of MBA students) are computed based on this rate.
• Those who opt for monthly contracts may do so at the rate of PHP17,000 per month.

Effective September 2012, the dormitory no longer requires nor collects breakage deposits. However, clearance will still be required before the student leaves the dormitory after completion of his/her studies.

Please note that dormitory rates may change without prior notice.

Q: What are the dormitory amenities?

A: The ground floor of the dormitory is a student lounge with chairs and tables that can be set up for individual or group study purposes. It also has a chapel where Catholic masses are held at noon every day. Masses are also held at 6:00 p.m. on Saturdays and at 9:30 a.m. on Sundays. Muslim and Hindu prayer rooms are also located at the 2nd and 3rd floor respectively. There is also a clinic at the ground floor that is open from 8:00 a.m. to 5:00 p.m., Mondays to Saturdays. There is a gym at the basement that is staffed with an instructor, as well as a pool for students’ use.

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