A degree in management leads to a responsible position in business. Here one has the power to bring a positive change. So, leading entrepreneurs and successful corporate leaders attribute their success to the time spent on a B-School campus. Learning, in an MBA program, happens not only inside the classroom but also during interaction with peers. The life-long associations created and the diverse networks so formed are invaluable to one’s future endeavors. The current business environment is dynamic and complex. In such an environment, an MBA is a valuable asset as it brings a global perspective, multi-tasking skills, a better understanding of an organization’s integrated functionality and an ability to decipher complex business problems. This makes MBAs the choice for recruiters and an MBA the most coveted career option. (MANAGEMENT DEGREE)
An MBA degree from a premier business school does not come without hard work, meticulous preparation and outdoing your competition. Over 2 lakh MBA aspirants dream to gain admission to the B-School of their choice every year. The B-School Selection Process can be divided into two stages. So, (MANAGEMENT DEGREE)
The first stage is that of the written/online entrance test mainly comprising multiple choice questions from the areas of Quantitative Ability (QA), Data Interpretation (DI), Verbal Ability (VA) and Reading Comprehension (RC), Analytical/logical Reasoning and General Knowledge (GK).
The second stage is that of Personality Assessment (PAS). While the entrance tests in the first stage typically check whether or not you are able to think logically and think on your feet. So, these tests do not reveal the candidate’s interpersonal skills. And certain other aspects like – your efficiency of expressing your thoughts and ideas to others and even more importantly, how good are you at grasping other people’s ideas and thoughts, how well read and informed you are, your capability of communicating with the written word etc. But they are not assessed at the first stage are checked in this stage.
Various tools are also used like Group Discussion, Group Task, Personal Interview, writing Ability Test etc. In addition to these, some institutes also use psychometric tests, creativity tests etc.
Enumerated below are answers to some of the questions to some of the questions that MBA aspirants have about how to prepare, when to prepare, what to prepare etc.
1) What are the top B-schools in the country?
The IIMs, XLRI (Jamshedpur), FMS (Delhi), S P Jain (Mumbai), JBIMS (Mumbai), MDI (Gurgaon), NITIE (Mumbai), IIFT (Delhi and Kolkata), NMIMS (Mumbai), TISS (Mumbai), XIM (Bhubaneswar), ISB (HYDERABAD) AND THE VARIOUS IIT Schools of Management are some of the top B-schools in the country.
2) What has been the placement scenario across the top B-schools?
Most of the top B-schools in the country have a consistent track record about placement. They placed 100% of their students. And that too with attractive salaries and good profiles. The average salary across these B-Schools has been showing an uptick every year as compared to the previous year. (MANAGEMENT DEGREE)
3) There are quite a few MBA exams in the country. Which ones should I prepare for?
CAT (conducted by the IIMs), XAT (conducted by XLRI), SNAP Test (conducted by Symbiosis), NMAT (conducted by GMAC), IIFT Admission Test, CMAT (conducted by AICTE), MAT (conducted by AIMA) and TISSNET (conducted by Tata Institute of Social Sciences) are the major management entrance exams in the country.
4) I have no work experience. What are my chances of getting into a top B-School?
A common misconception among aspirants is that freshers stand little chance of making it to the top colleges in the country. This is just not true. Moreover, some of the IIMs have close to half the batch comprising students without any work experience. In many other B-Schools, the number of freshers will be even higher.
Most B-schools look for a diverse batch and a pool of fresh graduates is an attribute which contributes to this.
5) I do not have good marks in any one or more of Class X, XII and graduation. What are my chances of getting into top B-School?
Some of the IIMs and a few other colleges like S P Jain lay a lot of emphasis on previous academic performances while shortlisting students for Stage II. For, these colleges, even one bad score amongst Class X, XII or graduation could mean curtains for your chances. However, almost all the other colleges like XLRI, FMS, JBIMS, MDI, NITIE, IIFT, NMIMS and many more do Not consider previous academic performances at all while shortlisting students for Stage II.
6) Other than a good percentile in the entrance test, what are the factors taken into account by the top B-Schools to admit students?
The selection criteria vary from one college to another. Most colleges use a combination of the entrance test score, academic credentials and work-experience to shortlist candidates for PAS. However, the entrance test performance is the most important criterion at this stage.
The final selection will also be on the basis of all of these plus the candidate’s performance in the PAS.
7) What is the best time to start preparing?
Student must start preparing in the pre-final year of their graduation. Some are also known to begin preparing in the early part of their final year. In this case, however, one would need to spend more time and effort over a shorter span of time.
-Naveen Saraff director of Career Launcher, Kolkata and alumnus of IIM Bangalore. (MANAGEMENT DEGREE)
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