We are on the eve of SimCAT 1 and a lot of students (mostly first-time CAT-takers) are apprehensive, understandably so, about taking it. Over the years we have found the self-same reasons that induce this fear, and this post is geared towards addressing them.
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.
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 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.
The results of quite a few top b-schools are out and even now I get a lot of queries about that revolve around specializations — which specializations should I choose, I do not have any idea what my area of interest and so and so forth. This is not surprising since in India our strategy is simple — first crack the test, then see what is the best college your percentiles can get you and then finally start thinking about specializations! The funny part is that we do not seem to learn from our mistakes since this is the same policy we followed for our graduation as well and now want to do an MBA so that we can undo the mistakes of our graduation but without having changed our standard operating procedure!