Must Read : For all MBA aspirants

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Gaurav Mittal
The B-school fix

- Litta Jacob/Pune, Bangalore and Hyderabad


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Blood, sweat and cheers to make the grade for the programme


Your senses are on high alert at these exalted institutions of higher learning. The air is of anticipation, the smell is of brain sweat, the taste is of imminent success and the feel is of damped down power. The image? Richie Riches with dollar signs as eyeballs!
We are talking B-schools and the business graduate. The two bywords that the Indian psyche believes are its birthright, like vaccinations. Have child? First dose: school, second dose: graduate, booster dose: MBA. The escalation of B-schools in India proves this: In 1991, the All India Council for Technical Education approved 130 MBA institutions with 12,000 seats; today there are more than 950 AICTE-approved institutions spewing forth more than 75,000 graduates a year. Outside of the US, India records the largest number.

The mad rush for a graduate degree is understandable. Come placement time, tier-1 institutions net average annual placement salaries of Rs 5 lakh to Rs 10 lakh, and in exceptional cases even beyond that figure. This is the allure for the 1,50,000 and more who sit for the Common Admission Test (CAT), Symbiosis National Aptitude Test (SNAP), the XAT (conducted by XLRI) and other state entrance tests. Aspirants naturally view B-grads as walking dollar machines.
Add to that the importance of having such a degree in India, an emerging economic global power. Industries like retail, pharma and software are experiencing unprecedented growth. "There are huge demands at the entry and middle-level and quality supply is small. Even faculty is in short supply," says M. Rammohan Rao, dean of the high-end Indian School of Business, Hyderabad, which was in the news last year for the highest annual placement salary offered: Rs 1.04 crore.

International offers, too, are pouring in as India is viewed as a highly talented, professional, English-speaking, young knowledge pool. "We are unlike Japan, China or west Europe, where the demographic profile is skewed towards the senior citizen," says Suresh Vishwanath, professor and chairman of academics, Symbiosis Institute of Business Management, Pune, which climbed to the no. 4 slot (behind IIMA, B and C) among B-schools this year, according to a survey conducted by an Indian business magazine. Indeed, the Indian B-grads' time is now.

There is an aura that surrounds an MBA, one that shrieks money and power. This is the kick for every impressionable undergraduate and the reason for the bull run for the Grail.

But how many 20-to-30-year-olds strike the pause button and question what the course is about? Has she the aptitude to be a manager? Is he ready for the two-year rigour? Is the course a hype? How does the course shape you? Should you go by what the market wants or what you want?
Fifty per cent of students do not have the aptitude for an MBA, says Arun Mudbidri, director of SIBM. "With no aptitude, what happens to your life after MBA? You won't enjoy what you're doing," he says.

Those smitten by the MBA bug must research before joining the bandwagon. Friends who are working give you leads, seniors at institutions give you a window to the course; tap institution sites and the alumni. You need to be absolutely sure you want to do it.

Assessing one's strengths and weaknesses is the next step. Abhilasha Kannan, an engineering graduate at SIBM, says it is all about your 'skill set'. "If you don't match up to it, then forget it," she says. The skills? Multi-tasking, assertive, pro-active, number-crunching ability, social dexterity, creativity ....; certainly not for a laid-back person.

Students who are already enrolled have absolute clarity of purpose. Aparajita Mitra of SIBM, with a degree in biochemistry, did not want to pursue pure sciences for her postgraduation. "The kind of skills that I have, the person that I am, I knew I would be better off getting an administration degree," she says.
The entrepreneurial pull urges some to the programme. Others who are fighting monotony at their jobs want to bring clarity to their career, maybe even to make career shifts.

Mudit Mehta, 22, an IIT Delhiite in his second year at IIM Bangalore, warns: "Talk to people; the picture I had before the course and now are quite different." He is what you would call a 'pedigree' with the desired credentials-the right letters after his name and the bonus of being on the director's merit list at IIMB. Once Mudit found that his interest lay in business, he opted for an MBA. Instead of attending coaching class, he took the mock CATs (a shorter module), because of his highly-developed analytical skills. But, for others there is a warning from Mitra: if you don't go for coaching, it will take you longer to prepare.

Preparation starts a year ahead of the tests, and don't forget the foundation that you must build up over a two-year period by reading the right material. The last three months, follow the nose-to-the-grind regimen as you hone your data interpretation skills. "Even if you attend coaching classes, keep an open mind because the questions are not predictable," says Mudit. "Basically, it is time management. Also, get feedback before you choose your coaching institute."

Amit Agrawal, director of coaching institute Time in Ahmedabad, says students who are ready to work for long hours can make it to the top 30 B-schools. "Unfortunately, some students think preparing for CAT is like college study. It can't be cracked by studying for 15 to 20 days," he says. As Professor Ramnath Narayanswamy of IIMB puts it succinctly: "A typical student has two points of anxiety-his entry and exit from B-schools."

Abhishek Ruwatia decided that he would appear for CAT during his BCom., knowing that very few make it in the first attempt. "I got the interview call, but was not selected," says the 22-year-old from Kolkata. After graduation, he worked for a year with GH Financials. "I studied two hours a day for five months. And, it certainly wasn't glamour that attracted me to IIM," says Abhishek, who is successfully lodged at IIMA now.

Sarang Kulkarni, 20, is attending coaching classes to appear in CAT. A student of BCom. at Ahmedabad, Sarang sees only a 40 per cent chance of clearing it this year. Well aware that his brother-in-law, an IIMA pass out, gets a hefty salary, he says: "If I do not make it to the IIMs, I will try other B-schools. If I do not clear that, I will go to Australia."

In its chequered 28-year history, CAT (based on the US model and designed by IIM) has set the benchmark for other national tests. While it tests the qualitative capabilities of a prospective business student, other essential skills are ignored. "Creativity and capacity for lateral thinking are close to zero in CAT. In Stanford [the US], selection tests are wonderfully designed to promote core values," says Narayanswamy, who shows a "healthy disrespect" for selection norms.

Apart from IQ, there are EQ and SQ levels to determine, say faculty. The emotional quotient is "the ability to articulate oneself to oneself", "self-realisation", team-building and empathy; and the spiritual quotient: "when we sense there is an invisible order in visible order. At that time there is negation of the ego. You cannot be a good manager without being a good human being," says Narayanswamy.

Students of Sadhana Centre for Management & Leadership Development (SCMLD), a two-year-old institute in Pune, call it the "higher order purpose". Their day begins and ends with yoga; the curriculum includes 10-day meditation camps encouraging silence, and students sweep the streets on ?occasion! "It changes our attitude to life. It humbles us, we open up to ideas and all that rebellion and aggression disappear," says Jaspreet Kaur and Vedanth Vikram, in their second year at SCMLD.

ISB, on the other hand, takes GMAT scores (average was 575 in 2006) for selection, which is not, in itself, a foolproof assessment of the student. "Aptitude towards management and leadership is not easy to assess," says Rao, an IIMA alumnus. "Our 418 students need analytical, interpersonal and decision-making skills. We can evaluate some of these through the GMAT and the rest through interviews and work experience." Director of IIMA Bakul Dholakia's analogy best describes the requisites of an aspirant. "It is like performing a complex surgery," he says. "You need very good reflexes, quick recall value and intuition. You get very little time to respond."

The lucky few who win the race... congratulations! Your work starts now. Let the advice of Sangita Gupta, first-year student of SIBM, sink in: "The work you put in during the course is double what you did to get into a good institute." The course is demanding, study is unquantifiable and hard work is the creed. Those who think it is 'fun' drop out mid-course. As one focused Pune student puts it: "I think of myself not as a human being, but a brand. How will I promote my brand?"

The pluses: you hobnob with the best minds in the industry in India and abroad, and your peer group is the best in India. Divya from SIEMSCOM, Mumbai, finds the course challenging when she sees her friends understand absolutely abstract concepts. "These are the people who make the class nervous initially, and later, very interactive," she says. Forget your family for the first year. The good news is that in the second year, you actually get to smell the flowers. At least a whiff. If the two-year programme is tough, consider ISB's 51-week executive course, with just a week's holiday in the year. "It's a bit of a strain, but the corporate world is also demanding," says Rao, brushing off the query. "I term it catching up with the pace."

Narayanswamy sugars the bitter pill: "An entrant has a lot of stars in his eyes but we've got to give him a lot of bad news." Like having to follow a 9 a.m. to 9 p.m. schedule regularly.

But who's complaining? Not the highly-charged students who know that they are the creme-de-la creme of the student community. Some may even have the 'holier than thou' chip on their shoulders. Recalls Vishwanath, an XLRI alumnus: "I may have displayed a shade of arrogance when I joined XLRI. But I soon realised that my colleagues were just as good or better than me. It was a powerful driver."

The advantage of having an MBA is that it's a career launcher, it gets you immediate results. "You cut ranks to get to the middle level," says Priya Mohan, a chartered accountant at ISB. "One day I want to be my own boss. An MBA is the means to that end; it powers your expertise."

The pay-offs are great. Mudit, who already has a job offer from a multinational bank, found that with a technical background, an MBA opens up a lot of options. However, there are MBA techies who rue losing touch with technology once they get into administration.

Kavita Doshi, 23, who worked at L&T and General Electric before opting for ISB, enjoys the experience her peer group brings to the classroom. "At work, I saw colleagues taking a longer time to graduate to their roles. An MBA is a fast-track up the corporate ladder," she says. Sitting beside her at the self-service dining area, which displays a choice of cuisines, are Vishesh Rajaram and Arvind Ambo. Rajaram, 23, a chartered accountant, was credit manager at ICICI before he joined the course "for an insight into overall managerial information". Today, he has a clearer vision about his career. Ambo, 27, a sales and marketing professional, admits that the course is worse than what he thought it would be. "Age is not so much a barrier, if you give and take," he says. "It is such a high-pitched course that you are lost without experience."

The basis for the hectic schedule is to groom the student for the high-pressure corporate culture but it doesn't always work that way, says Priya. "During the course, your responsibility is only to yourself. But at work your decisions will impact real people." A debate rages on whether experience should be a criterion for admission to B-schools. If you are experienced, you can draw parallels from industry, is the argument. Most faculty pump for experience, saying such students appreciate what they get and their questions are more searching.

"In the US, an MBA is done after 8 to 10 years of experience," says Narayanswamy. "Here we have greenhorns, largely engineers, with no knowledge of the real world. They are high on aspirations, not necessarily on capability." However, some faculty suggest students with work experience are like hard clay, it's a little difficult to mould them into a new shape. Some corporates, too, prefer to work with fresh minds.

ISB stresses on an average experience of five years for a reason. "We bring in students with diverse experiences," says Rao. "That way, classroom discussions throw up different points of view. There is not always one solution to a problem; there are different ways to approach it. Whereas for a fresh mind, anything that is said is imbibed."

During the course, every move is geared towards the day the corporates drop in-when your worth shows dividends in rupees or dollar terms. The system breeds it into the student that placement is big time. From the second year on, the student is groomed for it, if he hasn't clinched a job already after the summer internship in the first year. IIMs and other tier-1 institutions become happy hunting grounds for companies. If in tier-1 colleges, the pressure is on landing the right job, in tier-2 institutions, the pressure is more on landing a right job with the right package.

But should every action be geared towards the 'P' word? Mudbidri's advice, particularly for entrepreneurs: don't run after the job, but after the customer. "Find their need; your creativity and understanding will help you succeed," he says. Apart from high salaries, factors like location, growth prospects and creative freedom should sway your choice.

With little difference between the IQs of the top 240 students in a batch, how do corporates make an informed choice?" "What is important is the student's attitude, self-control, social skills, team work and leadership traits," says Vishwanath. "An organisation looks for a student who can fit into their culture. They also look for the differences between a manager and a leader." This is also when grades, internship experience, project and relevant work experience count.

Six months into his first job, former SCMLD student George Mathew, who was recruited from campus by Crisil, weighs his education with IIM: "IIM gains you the entry point," he says. "But once you are in an organisation, everything depends on sheer performance. I am in the process of training new IIM entrants, so it is a total turnaround. It's the attitude and knowledge you bring into the organisation that count."

With so much dynamism in business today, B-schools are constantly evolving their curriculum and adding to their knowledge resource. New electives are added, others dropped, while fine-tuning is through interaction with industry and visiting faculty from India and abroad. The mad scramble for MBAs has induced colleges reputed in Commerce and Science streams to offer MBA courses. Like Christ College, Bangalore, which has academic collaboration with the Central University of Pondicherry, and two American and one British universities.

Specialisations are a core area as well. Finance and marketing are the big lures with human resources not far behind. But sometimes you have to take the long road to realise your true calling. "I started my career in HR and switched to marketing to finance to a teaching job," says Vishwanath.

The positives of the MBA programme are vast. Students say it "prepares you for life". It gives you confidence and clarity and hones interaction skills. The 'can do, will do' attitude blooms. Says Anirbhan Basu of Symbiosis: "During the first few weeks of MBA, I found that the world was full of people like me, most of them even better. It was an unnerving experience. It made me gear up for a tough future very fast. I evolved from a good team player to a great one. An MBA humbles you. You evolve to have sponge-like qualities to absorb knowledge, skills and information."

It is the faculty that help make it happen. "Students are rough diamonds, all we do is cut and polish them," says Vishwanath. But Dholakia's words linger longer: "An MBA has to continuously perform to earn his salary." The hard work, it seems, is never over.

With Nandini Oza/Ahmedabad


Source : THE WEEK
 

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Gaurav Mittal
GUEST COLUMN

MBA = mergers + acquisitions

By Rajiv Memani

There are no hard and fast parameters to determine the worth of an MBA today. What an MBA brings to the table, in a way, is a sum of mergers and acquisitions. Merger of motivation, work experience and good learning tempered with extensive research and live project work, and acquisition of analytical skills, the ability to dig deep and picture the big story. This combination ensures faster learning on the job and a mind that is willing to question status quo.

I am a chartered accountant tossed into the sea of management as a CEO. I lead an organisation operating in seven cities and a workforce of over 2,400. Like me, managers today have to effortlessly straddle divergent shores of businesses in a rapidly globalising India where the boundaries of business are dissolving fast. They have to absorb things, report things, be strong on communication and presentation skills, and be conscious of developing strong value orientation and team work. With increasing globalisation, we need managers who demonstrate the values and capabilities to work successfully in an international environment.

Has the system equipped them well? MBA education today compares with the best (restricted to a few institutes though). The screening process ensures only the very best candidates with diverse backgrounds get through. The quality of faculty, research and facilities available on campus compare with the best. The strong focus on academics, industry interactions and project work enable students to develop superior conceptual and execution skills.

The ultimate worth of an MBA is determined by his experience in the workplace. While hiring at campuses, we look for energy and enthusiasm to learn, adherence to ethics and values, execution capability, analytical and problem solving skills and, above all, a positive attitude. The professional qualification helps us determine the technical understanding that the candidate has of the subject/field.

However, what worries me is the mushrooming of business schools in the last few years. Some schools invest enormously in faculty, research, industry interface and infrastructure and produce world-class professionals. But others fall behind on facilities and this has impacted the overall quality of the professionals as reflected in the shortage of skilled manpower versus an industry which is growing at a phenomenal rate.

Can they be the leaders of India Inc. in the future? Very much. MBAs respond well to the challenges thrown by India's competitive business environment which has unfolded new realms of management expertise, like retail. As part of the global fora of young business leaders, like the World Economic Forum's New Asian Leaders, I can vouch for the leadership potential in many young hands shaping corporate mega deals. It is our responsibility to empower them to experiment, mentor them on leadership skills, push them to discover their limits and enrich their experiences in markets and management.

The writer is country managing partner and CEO of Ernst & Young India.
As told to Nivedita Mukherjee
 

gaurav200x

Gaurav Mittal
GUEST COLUMN

Creative-spiritual mix in business

By Ramnath Narayanswamy


Swami Vivekananda said that education is the manifestation of the perfection already inherent in us. It is about cultivating a way of viewing the world by developing the inner space with the help of which we are empowered to engage the outer space. It is a lamp to be lit, not a bucket to be filled.
Management education, in India and abroad, betrays a marked disposition towards the latter instead of the former. Our education system is excessively geared to filling young minds with megabytes of mindless information.
It is heavily weighted in favour of analytical intelligence and ignores the fostering of emotional, creative and spiritual intelligence. Information, it is rightly said, is not knowledge; knowledge is not wisdom. And wisdom is not attained if we do not nurture the capacity to love and serve our fellow beings.
Management education imparts tools and techniques designed to secure professional skills that help the learner make a living. Spiritual education embeds in the learner both character and attitude. If professional education provides the scaffolding, spiritual education lays the foundation. Our higher education must, therefore, aim at combining instruction in tools and techniques with embedding character and attitude.

The tragic events of September 11 and the unceremonious collapse of corporate entities Enron, World Tel and Arthur Anderson have led American management schools to question their role as educators. Globally, there is a pronounced shift in emphasis and this is reflected in the increasing importance accorded to the development of emotional and spiritual intelligence in management education. The prestigious Academy of Management inaugurated a separate division on management, spirituality and religion in 2000.
Ten years ago, I introduced a course in collaboration with the India Foundation for the Arts called, Tracking Creative Boundaries. Such was the response from students that I not only continued the offering, but floated a new elective course on Spirituality and Self Development for Global Managers.

Last November, I received a letter from a student who had taken both these courses. He said: "I was your student in 2001-2002 when you taught two electives-Tracking Creative Boundaries and Spirituality and Self Development for Global Managers. While reading a recent article in Business Week on the new courses being taught at Stern and Sloan with the same theme as your courses, I thought I should write to you and thank you for the impact the courses have had on my life and for being ahead of these schools in offering such electives. I remember the statements that you made in class: 'I have never worked for money', 'I see all of you as Arjunas, trying to balance the various demands that you face in your life', and 'Management is a creative pursuit'. Each day at work gives me examples of the veracity of these statements."

"In the last two years I have found that to do a role that challenges me is more important than the money that a particular role pays," he wrote. "Inevitably, a challenging role makes me perform and stretch and the rewards are not far away. Managing the demands of a team, the process, and the emotions of the people affected takes as much time as the job itself. And to top it all, every day I have to think creatively, think differently to get my job done."

I receive many letters along these lines. They are an eloquent testimony of the need to embed creative and spiritual intelligence in management curricula.

The writer is a professor at IIM, Bangalore
 

gaurav200x

Gaurav Mittal
The CAT-o-Funda

This thread has been opened to post all the articles related to the MBA exams, related to B-schools and anything and everything related to MBA. I thought it is better than to open multiple threads and clutter the section with articles. The source of the articles shall be from various magazines, websites, etc.

So this thread would act as a watch section for MBA-related news.
 

gaurav200x

Gaurav Mittal
Re: The CAT-o-Funda

Understanding the New CAT Pattern

The Common Admission Test (CAT) notification is out. The CAT bulletin is now available on the websites of the Indian Institute of Managements (IIMs.) All the information that is needed about CAT is now available. No further speculations.
Or so, one would have thought.

While the CAT notification and the CAT bulletin have cleared the air on a number of issues that have been plaguing students, there are still a number of issues about which the test-takers have no clue!

Let us look at some of the key issues.

Duration of the CAT - Implications

Let us look at the issue that is of greatest concern to most test takers – the duration of the test. The CAT bulletin has specified that the duration of CAT 2006 will be two-and-a-half hours , instead of the usual two hours. This has taken a number of students by surprise.

What does this increase in duration mean to you as a test-taker? One possibility is that the number of questions can go up. But, if you look at the issue closely, two things become clear.

The first is that without any change in the duration in the last 15 years, the CAT paper has carried different number of questions in different years. Hence, the change in the duration of the test does not necessarily point to a change in the number of questions.

The second issue is that the highest marks scored in the CAT in the last couple of years is much lower than the maximum mark possible in the paper. For example, in CAT 2005, the highest mark scored was 79 out of a possible 150. This was when the duration of the paper was two hours. With an extra 30 minutes, even if the students can score proportionately more marks, the highest score will touch about 100 out of a possible 150 in a paper like CAT 2005. Hence, there is no need for an increase in the number of questions just because the duration of the test has increased.

Does the increase in the duration of the test mean that there will now be more difficult questions in the CAT paper?

Once again, these two issues are not linked at all. The difficulty level of questions was raised in the past for the same two-hour paper. When the difficulty level of questions can increase even when there is no change in the duration of the paper, there can certainly be more difficult questions when the duration increases. As a prospective test-taker, one should not worry about the difficulty level of the questions, but prepare to the best of one's ability and try no to loose it on the day of the test. In any case, it is relative performance that matters for selection and not absolute performance.

Minimum marks in Qualifying Exam

Students should score a minimum of 50% marks in their graduation to be eligible to write the CAT. The notification only lays this condition under the heading “eligibility for applying to PGP” and it does not say that you cannot write CAT if you do not have 50% marks. This, on the surface, implies that if one is not applying to the IIMs and does not have 50% or more in the qualifying exam, he can write the CAT to apply to other B-Schools that use the CAT score as a benchmark. However, a closer examination will reveal that this is not the case. The student will need to satisfy this 50% requirement even to just write the CAT. This is borne out by the list of documents that need to be submitted along with the CAT application form. This list includes the marks memo.

Of course, if the test taker has not completed his graduation, he should have a 50% average till the pre-final year. For this, a letter from the college principal, in the format given in the CAT bulletin, must be included along with the application. Remember, that being allowed to write the CAT is not a guarantee that the test-taker will be granted an admission to the IIMs if he does not score the requisite minimum academic percentage.

However, a concession that the IIMs have made this year is that this 50% can be calculated the same way the university calculates the aggregate – even if the university excludes some subjects in its calculation of academic percentages (in the past, the IIMs have specified that all subjects should be included). This will come as a great relief to some students.

The minimum aggregate mark of 50% mentioned above is only for candidates in the general category; it is 45% in case of candidates belonging to reserved categories like Schedule Castes (SC) / Schedule Tribes (ST) / Persons with Disability (PWD).

Reservation for Other Backward Classes (OBCs)

The standard reservation for SCs (15%), STs (7 ½%), and PWD (3%) is there this year too. In addition to this, there could also be reservations for OBCs as per the new policy of the Government of India. The IIMs have stated that they have not yet received any official communication on this and they will implement reservations based on the communication they receive from the central government in this regard.

However, students belonging to OBC category are advised to attach the caste certificate along with the CAT application form to be eligible for any reservation that may be implemented later. If you belong to any of the specified categories, then do not forget to indicate it appropriately in the CAT application form.

Three additional issues of interest

There are three additional issues that should be considered. One is the number of sections in the test paper; the second is the cut-offs in each section, and the third is the selection process.

Number of sections : In the past, the CAT did not specify the number of sections in the paper – either in the notification or in the bulletin. Students would know about the number of sections only when they would receive the CAT paper. The only statement that would be made in the bulletin was that the paper would consist of “several sections ”.

This year, however, it has been mentioned both in the notification and the bulletin that there will be three sections in the CAT paper. Though there is no direct mention of the number of sections, the indirect mention of there being three sections in the paper is categorical. Also, there will not be any time limit for each section.

Cut-off : Historically, the IIMs have never confirmed that a minimum cut-off in each section is required for selection and that the cut-off could be different for each IIM. All they said was, “You are expected to show your competence in all the sections”.

For the first time ever, there is a mention in the CAT bulletin of the minimum score required in each section of the CAT paper. IIM Ahmedabad has clearly mentioned, under the head ‘selection criteria', that test takers have to score a minimum of 25% in each section and 33% overall in the paper to be called for Group Discussions (GD) and Interviews. The actual cut-offs could be higher than these figures depending on the performance of the students in the CAT.

To understand this a little better, let us look at the cut-offs that the IIMs may have considered for CAT 2005. The cut-offs for the three sections – Verbal Ability and Reading Comprehension, Quantitative Analysis and Data Interpretation-Reasoning were 12-13, 10-11, and 9-10 respectively. The maximum mark possible in each of the three sections was 50. Now, with IIM-A specifying that the cut-off will be at least 25% of the marks in the section; it will be 12.5 out of 50 marks.

If one looks at the cut-offs for last year and then considers the fact that another 30 minutes will be available to the test takers this year, the cut-offs could well go up to the 25% level. Same is the case with the 33% overall cut-off that IIM-A specified for this year, which works out to 49.5 out of 150 compared to the cut-off of 44-45 in CAT 2005. So, one need not harbour any apprehensions about the cut-offs being high. This is in line with what has been happening over the last few years.

So, when you look at all the issues associated with CAT 2006, there is almost nothing new while everything appears to be new. Go right ahead and concentrate on your preparation and practicing the All India Mock CATs (AIMCATs). And yes, do not forget that there could be something new in the test, some nasty surprise. All it requires is to be mentally prepared for it!

Admission process / selection process: We, at T.I.M.E., have been saying for the last decade-and-a-half that there are five parameters for final selection into the IIMs – CAT scores, GD performance, Interview performance, Academic performance, and Work Experience. The IIMs have confirmed this in the recent past. In addition, some IIMs give weightage to extracurricular activities too.
However, some IIMs are using only the CAT scores for short-listing for GDs/Interviews whereas the other IIMs are using academic performance and work experience also in addition to CAT scores for short-listing students for GDs/Interviews.


The table explains what each IIM does in both the stages for selecting students for their PGP programmes – Stage I where the students are called for GDs/Interviews, and Stage II where final selections are made.




*For the PGDCM programme of IIM-C, in addition to the parameters mentioned above for Stage II, performance in the Aptitude Test in Mathematics (ATM) is also taken into account for final selection.


** Not specifically mentioned in CAT bulletin but included based on what has been observed in the past few years of IIM-K's short-list for GD/PI.


*** While no separate details have been provided for selection of students for Stage II, there might be a small weightage for academic record and work experience.




What's new in CAT2006: In a nutshell
  • Test duration increased to two-and-a-half-hours (150 minutes).
  • Minimum 50% required in degree, if degree completed.
  • Minimum 50% required till pre-final year of degree, if degree not completed.
  • Reservations for OBCs possible – IIMs waiting for official communication from the government.
  • Three sections confirmed in CAT2006.
  • Sectional cut-offs confirmed first time officially – 25% in each section and 33% overall for IIM-A.
  • Eligibility criteria includes academic performance, work experience for a few of the IIMs.
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P. Viswanath is an alumnus of IIT, Madras and IIM, Ahmedabad. He has worked extensively in the fields of Management Consultancy and Sales and Marketing. He started the Triumphant Institute of Management Education – better known by its acronym T.I.M.E in 1992.With 93 offices in 57 cities and training about 45,000 students a year, T.I.M.E is a leading CAT training institute.
 

wishmaster

New member
Excellent Article. Indian B schools are right there at the top when it comes top providing premium buisnees education.
 

gaurav200x

Gaurav Mittal
Re: The CAT-o-Funda

1. Take many simulated CATs i.e. full-length CAT for 2 hours preferably NOT AT HOME but in the intimidating environs of a classroom.

2. After every practice test, analyse the test thoroughly; this is the most boring part of CAT preparation and often the most neglected part. This serves two purposes, firstly it pinpoints the individual’s strengths and weaknesses and secondly it helps to formulate a strategy. A strategy could be attempting the Verbal Ability section first if one is good at it and leaving Maths for the end and giving it more time if one is weak at it.

3. Prepare for the CAT in groups. The important thing here is to stay motivated during preparation and the one way to do that is to continually compare one’s performance with others’.

The choice of coaching classes is a difficult one. If one is taking a correspondence course, then IMS, Career Forum, Career Launcher all are decent; I found the study material of all of them nearly the same. But, if one wants to take up a classroom course, then I would recommend Career Forum; it is professional, convenient with its batch timings and provides good shortcut methods in Maths, which, in the end, may prove to be the difference.

While preparing for CAT, it is handy to do a bit of Vedic Mathematics; it helps in doing calculations much faster because the trick here is not to get an accurate answer, but an approximate answer and that is where Vedic Mathematics helps tremendously.

For Reading Comprehension, improvements do not happen overnight. It needs the maximum patience and hard work to crack this section. It is important to read newspapers and magazines continuously and consistently and also one should develop the habit of reading a wide range of articles - fashion, sports, literature, politics, psychology etc. An effective way to do this is to read the editorial page of some of the leading dailies.

All the Best!
 

gaurav200x

Gaurav Mittal
How I Cracked CAT? - Venki



Name: Venkatesh Krishnamoorthy


My background: B.A. Sociology, PSG Arts, Coimbatore; Sales Assistant, Landmark Chennai, PGDM IIM Calcutta, 8 years work and enterpreneural experience, in software industry. CEO, Maarga Systems Pvt Ltd.

Well! I would like to begin my story with this tag line, "If I can do it, so can you!".

Mine is not the typical "IIT-D or BITS or REC with work-ex at Infosys or Wipro" making it to an IIM story. Here is my detailed background and the things that I did to get into IIM Calcutta.

I hail from Coimbatore. Did my schooling in Coimbatore and passed XII Standard (TN State Board) securing a little over 60%. Subequently, I joined PSG Arts College and completed B.A. Sociology securing 59% aggregate. My interests were mostly non-academic during those three years. I was an avid reader and excelled in organizing a variety of events in the college, which were co-curricular / vocational in nature.

While in my final year at PSG, I took CAT. This was in 1990. I got calls from IIM-A and XLRI. Thanks to the fact that I did not have any guidance for GD/PI preparation, I ended up not converting either of the calls. After graduation, I moved to Chennai and got my first job as a sales assistant at Landmark Book Shop. A couple of months into the job, I realized that I had more fire in my belly and wanted to pursue a career in the field of advertisement. I started hunting for jobs at Ad agencies. Much to my chagrin, I met with negative response from most agencies. However, things took a turn when I managed to meet the branch head of one of the leading ad agencies. The branch head was far from
polite to me. He told me in plain simple terms that unless I had an MBA degree, I should not be aspiring to get a job in an advertising.


Summary of my prep strategy


I took agency head's words quite seriously and started preparing for CAT. I did a lot of slogging for over 6 months and cracked CAT. My Math was pretty okay and my English was very good. I solved almost every single Mock CAT that I could lay my hands on. By the time I took CAT, I would have solved over 30 Mock CATs. I used to spend three to four hours after each of the tests pouring over how I could have done things better. After the 20th or 22nd test, I had a "great feel" for at least 25% of the questions and even knew which of the four answer choices is likely to be the answer without actually going about solving them. I stopped my preparation on the Friday before CAT. On Sunday morning I
wanted to be in the best of my moods. I did what I like a lot. I took a long drive on the Marina Beach stretch, around 7:30 in the morning. (It could be different things for different people, smoking a Gold Flake Kings for some, having a coffee for others or listening to your favourite song). Out of the 180 questions in CAT 1991, I remember attempting over 175. The last 30 of the 175 were pure calculated guesses, as I was by then confident that I had done reasonable justice to the paper.

I got calls from IIM A, B, C and L. Thanks to being in Chennai, I had the first opportunity to prepare seriously for the GD and PI. And that was probably the first time I was interacting face to face with someone who was an IIM grad. The tips and goading really helped me polish my GD/PI skills. I got admissions from IIM B, C and L. I joined IIM C in 1992 and passed out in 1994. The two years at IIM C is worth reliving. Given another chance, I sure would opt for IIM C.


Post IIM-C

Two years went past in a giffy. Campus placement - I got placed in Wipro Systems, Marketing. I shifted out of Wipro in a couple of years to California Software and then to Trigent Systems, USA. Equipped with these experience, I took up the responsibility of heading the Indian operations of Photon Infotech. Two years later, I have very recently started out on my own - Maarga Systems (http://www.maargasystems.com).


Well, if someone had told me in 1990 that I will be heading a software company in 10 years time, I am not sure I would have believed him. That is the kind of career transformation an MBA degree offers. It is not just the money; it is much more. It offers dream careers which, otherwise, were out of reach for most of us.

Though, mine is a slightly atypical story, I am not an exception to the rule. Many of my classmates, irrespective of whether they are engineers or not, have had similar enriching experience in one form or the other.


I wish all of you success in your pursuit of an MBA.
 
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