Relevance Of CAT In Master In Business Administration

Relevance Of CAT In Master In Business Administration

By and by, the relevance of MBA education in India-one of the emerging economies in the world-has increased immeasurably. Countless number of management institutions has sprung up in patches in the country to inculcate professional MBA trainings to deserving candidates, and this new development aims at eliminating the current shortage of qualified and well-trained managers sprawling across all the industries in the country.

CAT (Common Admission Test) is India's most reputed management examination, and it is also the foremost screening process for admission in premier Indian Management Institutions (IIMs). The CAT score determines not only an MBA aspirant's dream to qualify for admission in IIMs but it inadvertently validates management admission of MBA aspirants in mid and low rung institutions.

Every year, tens and thousands of students irrespective of their fields of academic study or specialization take their trysts with CAT.

Apparently, the trend in the CAT examination follows 'twist and turn' and this year it has recorded a drastic drop of about 15% in the number of candidates compared to last year's 2,41,000 students who took the test. Industry experts blame the prevailing post-recession market (to some extent) responsible for unleashing insecurity among MBA aspirants.

According to statistics, nearly 60% of the total number of CAT applicants is candidates with job experience, and it is this segment of the data that have shown a drastic drop in numbers. CAT examination is especially designed for students who are interested in pursuing post graduate level management degree from prestigious B-schools in India. It is held once annually and the level of difficulty is comparatively higher to other management entrance examinations, plus this kind of examination is conducted at a national level.

Technically, the CAT written examination consists of various sections whose objectives are to test the overall intelligence and proficiency of the candidate in the areas of general awareness, logical reasoning/ ability, data interpretation, quantitative ability and so on.

Owing to the high difficulty level of the examination, interested candidates are recommended thorough practice and preparation before going ahead with it.

This management entrance holds the highest value in MBA admission in India that is why it stirs waves among students who are keen on applying for admission in renowned B-schools. The management entrance examination is conducted for admission to the following post graduate programs namely- Management, Agri-business management, Software enterprise management, Computer aided management, Public policy and management, Management for executives and lastly, Fellow program in management.

A graduation degree from any recognized university with not less than 50% aggregate marks in any stream is the standard requirement for CAT application. Leading management institutions like IMT which ranks third amongst private B-schools in India admits CAT qualified students annually in their post graduate management programs offered at various locations- IMT Ghaziabad, IMT Dubai, IMT Hyderabad (underway) and IMT Nagpur.

Keeping House With Business Administration

Keeping House With Business Administration
In these current times, it is no longer sufficient to rest on ones laurels of a base degree. Unless one is satisfied to remain as one of the many little fishes in the corporate pond, it is a recommended move to obtain a master in business administration. Armed with such a qualification, it can help to propel ones position up the corporate ladder towards greater heights, a corner office with a breathtaking view and a paycheck to match.

Bringing ones feet back onto solid ground, many opportunities lie in wait for such an ambitious soul. Online degrees are catching on as the next best thing to wet wipes as individuals of all ages are hitting the e-learning circuit. Although the methods of studying are slightly different from the conventional, students no longer need to run for classes or slip assignments under doors as everything is wired up even though wireless users may beg to differ. To be suitable material to take on a course in business administration, students must be able to comprehend and handle daily activities associated in running a business. Whether it is a large conglomerate or a small hotdog stand, the principles remain the same. Customers also do not differ much whether they are spending millions or just a buck fifty. Students are taught the aspects of economics, administration, human capital, accounting and finance amongst the many available disciplines. Legal matters are also covered to ensure a holistic approach to handling business, preferably in the ethical direction. Coupled with strategic planning, check and balance is essential to keeping businesses afloat.

To set things straight, business administration is not just for profit-generating companies. Non-profit organizations also benefit by allowing their staff to pursue online degrees as they can study without taking time off work. In fact, it is all the more reason to do so as these organizations rely on external funding. In harsh economic times, they can end up on the slash list as benefactors may choose to tighten the belt or even pull the plug.