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How to choose between an HR program and a regular MBA

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I think I have said this in another post — India is probably the only country where people will be willing to shell out more than 20 lakhs for a product and at the same time be willing to accept whatever variant the seller decides to give them. What am I referring to here? When I ask students who have both BM and HR calls from XLRI, what their preference is, or what they would prefer between XL-HR/TISS and IIM-K/MDI, most are very clear — the specialization does not matter, all that matters is the brand; others start bringing ROI into the picture.

I feel people put in more thought when choosing between a diesel and a petrol car! We are so crazy after elite institutions that we fail to even consider whether we will succeed/fail in or like/dislike a particular field. The objective of this post will be to give you enough information to choose the right program when faced with a choice between a premier HR program and other programs.

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IIMs versus FMS, XL, MDI and other top schools

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Now that the first round results of almost all the b-schools are out, we get regular queries about which b-schools to join. There is rarely any confusion about A, B, and C but after that, it seems as if aspirants are having a lot of trouble choosing between the IIMs L, I, and K and other top b-schools such as FMS, XLRI, MDI, and others. How does one go about making the right choice between the IIMs and other top schools? One of the terms thrown around a lot these days is ROI. Read More

How to prepare for a CAT retake – Part II

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In the previous post, we discussed the mindset with which one should approach a CAT retake; in this post, we shall look at a few more aspects with respect to a successful CAT retake. Since each one of you readers will have a different back story with respect to your first attempt and there will also be some non-IMS students among you as well, the focus of this post will be a bit wider.

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How to prepare for a CAT retake – Part I

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Most of the institutes have given out their calls (or at least most of you know your chances) and many of you might be planning to retake the CAT. For some of you, it might be a case of almost getting there but missing out because of one poor section or just missing out on the overall percentile. For others, the CAT-day might have been a bad day at the office and you knew straight away that nothing much was going to happen. On my first attempt, I fell into the latter group — I knew I was out of my depth when I saw the Quant paper, there was no way I was going to clear the cut-offs. This despite consistently doing very well in the Sims leading up to the test. I decided to take another shot since I was very clear that it was not out of my league.

This post, in three parts, is for all those re-takers who are NOT hoping to get lucky next time around but want to ensure that they leave no stone unturned to make the cut in their next shot at CAT. Read More

CAT Retake: Resetting your head before you restart prep

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I have always been a big believer in the principle that how we approach a thing — an exam, a project, a a relationship — the quality of our thoughts around the same, ends up determining the end outcome to a much larger extent than the actual strategies and the things we do since the mindset precedes all of these things.

So, before I post the three-part series on how to prepare for a retake, I thought I should do a short post on the right mindset that you should get into before you set sail once again.

Firstly, count only the “proper” attempts

I have seen a lot of people talk about attempts as if they were carrying a huge cross — this is my third attempt — as if they have given their lives for this exam and it just does not seem love them back!

Well, firstly unless you have taken at least 10 SimCATs, you cannot  legitimately say that you have prepared for the exam — it is not true love 🙂

You think you do but you do not have a clue about what this exam is, which you would have found out on D-day.

Stop saying this is your third attempt if you took it in your final year casually, and then in the first year of job took it semi-seriously but in both cases you did not take the minimum ten SimCATs — tell yourself that is your first attempt at the CAT; it will help you get rid of all the baggage completely.

You might say — Sir, but many people know that I have been taking the exam and they might say things like kitni baar lega test — just tell them that this is your first serious attempt.

And do not forget — those who matter do not mind; those who mind do not matter!

Think like a prospective MBA, not like a worker 

Those who are quitting or plan to quit their job to retake the CAT are perfect candidates to fall into “donkey-prep” mindset.

You have made a commitment to the CAT and for this sake you have left everything and so now you are going to prepare 8 hours a day for the same.

You are a prospective MBA, so start thinking like one — will you pay Rs.200 for what you can get for Rs.100, you will spend 100 hours on a project when all you need to spend is 50 hours, just because you really want to do the project well or you really want the product no. It is all about optimisation, right?

Similarly, prep for the time “you” need to get better and move from X to Y and not to show your commitment and put in those eight hours. 

The law of diminishing marginal returns applies even to working out and prepping out for CAT.

A student had recently asked me how much time out of the planned 8-hours every day should be allocated to revision and it just beat me!

Revise what for God’s sake? Practice I can understand — topics, area-test, section-test, full-length test — but revise?

Do you revise actually riding a cycle or a car, every day?

You either know how to drive a car or cycle or not and you train for a race.

Similarly, you should know what weighted averages are for the rest of your life and you practising solving problems of at the right levels to increase speed and accuracy but you should not have to revise what weighted average actually or the formulas!

To want to be an MBA (may be not in HR) and have to revise Arithmetic is literally the biggest contradiction there is since business is all about Arithmetic! The whole world runs on Compound Interest and if you have to keep revising the formula, God help you!

So, start thinking like the MBA you want to be and this is your first MBA project. Just like you need to maximise revenues for a firm in the future, you need to maximise your marks on the CAT — the difference is that here, you are raw material, you are worker, you are machine, you are manager, you are the CEO, so technically everything is under your control.

You need to take the right investment calls since no one will know yourself better than you.

Do not let your ego decide your prep needs

A lot of us measure ourselves based on external parameters — the brand of our college, our prior Academic profile, and even the intellect of our friends.

But you know better than assuming that all or one of the above — big brand college, great marks in non-Aptitude tests, super-bright friends — translate into great personal potential on the CAT.

None of the above factors have any bearing on your ability on the CAT — only your scores last year (not just the CAT score but also those on the SimCATs you took seriously) indicates your ability on the CAT and start with the premise that that is your current level.

Do not get into the — if I had prepared I could have scored higher since my actual level might be closer my friend’s who with similar profile took more mocks got a 95 — mode. Nope. You are what the your scores say; just accept that.

Do not decide your prep needs based on these assumptions that you might have made about yourself.

Take decisions on whether you need formal prep for the whole exam, for a section, or not at all based on how you are actually faring and not based on whether your friends who cracked it last year took help or not.

If you do this you will give yourself the best chance to give your best shot at the CAT.

The best source for me to learn was to watch people better than me solve — my teachers, the odd peer, and then want to solve like that.

Some people need to watch it once, others need to watch it twice and some others quite a few times before they actually learn to solve like their teacher or peer, so choose your prep needs based on which category you might fall into on the test or on a particular section.

If you took more than 10 Mocks last year (without formal prep, only test-series) and

  • Scored less than 90 percentile — you will be better off taking formal prep for the whole test or for a section if your scores are very lop-sided
  • Scored less between 90-95 — you will be better of taking formal prep for your weakest section that stands between you and the 99; you need not do it now, you can do it post-June
  • Scored above 95 percentile — you probably will not need formal prep unless your score on one section is very low; you need not do it right now, you can do it post-June.

If you took fewer than 10 Mocks last year, and are not confident about your capabilities, then do not wait for this season’s Test-Series to start, take up a program right away.

If you took fewer than 10 Mocks last year, and are confident about your capabilities, then take up a Test Series straightaway and take a call post-June — once you have five SimCATs under your belt — on the specific prep needs you have.

I hope you give these things some good thought since many a times a poor result can be a result of ten minor things rather than sheer ability; and if you are doing it one more time you would want to ensure that you get everything right.

Should I quit my job to prepare for CAT?

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One of the questions that I am often asked and is most relevant at this point in time given that some of you might be looking at re-taking the CAT after an underwhelming CAT last year and others might be desperate to crack this year’s CAT.

  • is it wise to quit my job to prepare for the CAT?
  • will quitting my job have a negative impact on my profile?
  • how can I prepare if I am working 12 hours a day, 6 days a week?

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To re-take or not to re-take the CAT

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At this juncture, it doesn’t take a magician to see what kind of anxieties aspirants might be going through. A small fraction of you have got the calls you want and are all excited and nervous about the impending interviews or the results of the same, others have  GD-PI calls but are not sure whether the b-schools that have given them the calls are really worth it, and still others knowing that this year is done have hit snooze-mode till June.
This post will primarily deal with the dilemma of those in between — to re-take or not to re-take the CAT. It is not an easy call to take but your task will become easy if you ask yourself the right questions and give the most honest answers you can to them.
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