If you are planning to take the common admission test (CAT) this year, remember that only one in every 100 applicants makes it to an Indian Institute of Management (IIM). That's 10 times more difficult than getting into a US Ivy League school, where the ratio is 1:10.
But you can take heart from the fact that the statistics are working in your favour this year. The ratio of admissions to CAT applicants in 2008 was 1:153 and 2009 was 1:125. There are two reasons for the good tidings: fewer students are taking CAT this year and the number of seats at IIMs has increased.
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"The number of students appearing for CAT has dropped as placements have not yet picked up at B-schools. Enrolments from Tier-II towns have gone down. Also, students are unsure about seeking admission to the new IIMs," said R Shiv Kumar, academic director at Career Launcher, an MBA training institute.
"People who do not have a real inclination towards management will not apply. However, there still remain students that seriously wish to pursue the course," said Sai Kumar Swamy, director, Triumphant Institute of Management Education, Mumbai.
Along with IIMs, over 150 other B-schools accept CAT scores for admissions. CAT begins on October 27 and ends on November 24. Results will be declared on January 12.
Illustration: Uttam Ghosh/Rediff.com