The Common Admission Test (CAT) for admission in Management Courses of Top Business Schools of India is scheduled to be held on 26th November, 2023. Admit Cards for CAT 2023 are now available to download. Candidates can visit the official website for downloading Admit Cards.
The CAT exam comprises various sections testing candidate’s quantitative aptitude, data interpretation, logical reasoning, and verbal ability. Scoring well in this test is the initial step toward securing admission to prestigious business schools.
The Common Admission Test (CAT) is an essential gateway for aspirants seeking admission into top business schools across India. It serves as a crucial assessment for candidates aspiring to pursue a Master’s in Business Administration (MBA). With the CAT Exam 2023 on the horizon, let’s delve into the selection procedure, top-tier business schools, their associated fees, average placement packages, and the vast scope of opportunities post-MBA.
CAT Exam 2023: Selection Procedure
The CAT Exam is conducted by the Indian Institutes of Management (IIMs) every year on a rotational basis. It evaluates candidates in three main sections: Verbal Ability & Reading Comprehension, Data Interpretation & Logical Reasoning and Quantitative Ability (QA). The exam pattern assesses a candidate’s problem-solving skills, critical thinking, and overall aptitude for management education.
After qualifying CAT Examination with good rank, candidates can apply in various IIMs across the country where they’re evaluated on the basis of composite score calculated through various factors including CAT Score, 10th/12th Marks, Graduation Marks, Work Experience, Resume, etc. After getting shortlisted at this step, selected candidates are called by IIMs for Personal Interview and upon qualifying the Interview, IIMs offers you a seat to pursue your management degree.
Top Business Schools in India for MBA (Fee & Average Package)
Indian Institutes of Management (IIMs): The IIMs are esteemed for their MBA programs. IIM Ahmedabad, Bangalore, Calcutta, Lucknow, and Indore are among the top-ranked ones. The fee for these institutes ranges from approximately ₹15-25 lakhs, with average placement packages varying between ₹20-30 lakhs per annum.
Indian School of Business (ISB), Hyderabad: Offering a one-year MBA, ISB charges a fee of around ₹30-35 lakhs, with average packages crossing ₹25-30 lakhs per annum.
Indian Institute of Foreign Trade (IIFT), Delhi and Kolkata: IIFT provides an MBA in International Business with an average placement package of approximately ₹20-22 lakhs per annum.
National Institute of Industrial Engineering (NITIE), Mumbai: NITIE Mumbai (now IIM Mumbai) offers Post Graduate Diploma in Industrial Management programs with an average placement package of about ₹20-22 lakhs per annum.
Scope & Opportunities after MBA
The pursuit of an MBA widens career prospects across various sectors. Graduates often find roles in consulting, finance, marketing, operations, and entrepreneurship. Furthermore, an MBA offers a platform to expand professional networks, enhances leadership skills, and provides a global perspective.
Post-MBA, individuals can explore opportunities in:
- Corporate Sector
- Consulting
- Entrepreneurship
In conclusion, the CAT Exam serves as the initial stepping stone towards a rewarding MBA journey. The top-tier business schools in India offer not just quality education but also open doors to a myriad of career opportunities across sectors, making MBA a valuable asset in today’s competitive landscape.
