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!
Every year in the March-May period, a lot of CAT aspirants contemplate quitting their jobs to prepare for the CAT, this post is outlines the things that you need to consider before taking that call.
This is a question that I get asked often by students and a very important one at that — how do I build my profile? So before we get on to the answer, let us evaluate what elements of a profile are.
Over the past few years of mentoring there are always students who keep in touch even after they graduate from b-school. Some to express gratitude once they get their final placement, some to sort out their post MBA dilemmas and others just to have a nice chat about everything under the sun :-). Likewise this year a student of mine wrote to me, just after a graduated, saying that he felt investing in an MBA was the best thing he did and over the course of a few mails I asked him to do a guest post about his MBA experience. Given that a lot of aspirants who made it to b-schools will be debating the pros and cons, thinking about the cost involved whether it is worth it, the better schools you missed out on and stuff, this post is timely. Two years back I remember this student also being in the same dilemma. He was wondering whether it was really worth leaving his job at Ford to do an MBA. I felt he should, …