Hundred of thousands of people across the country register every year for the Common Admission Test (CAT). Last year, the registrations hit a surprising 218,664 candidates (That’s dropped from the years before, but more on that later).
It’s easy to see the need for this entrance test – millions of young Indians are trying to set themselves apart from the crowd and get an MBA from a prestigious university in the country. It opens up job opportunities which may not be available to an ordinary graduate or even a post-grad.
But for all the hard work and effort that goes into clearing CAT, does it really deliver the best possible career path for someone who wants to get into investment banking, consulting or marketing? Perhaps students are miscalculating the returns they are likely to get.
But that’s not an issue for enthusiastic young people trying to launch a career in India. If anything, tougher tests are a better way to set yourself apart from the ever expanding pool of applicants for jobs in this country. Another potential factor is the increasing popularity of the GMAT, the Graduate Management Admission Test offering better prospects to MBA aspirants in comparison.