The
boom in the financial sector has escalated the demand for trained
management professionals but this also helped in proliferation of
establishment of private business schools without developing proper
infrastructure and employing skilled trainers. As a result standards and
quality of education imparted to students in private B-schools has
deteriorated as evident from the various survey results.This caused less
demand from recruiters on campus placements and ultimately closure of
large number of sub-standard private schools. As per media reports, many
private schools unable to fill all the seats applied to AICTE for grant
of permission to close the B-schools. However, revival of B-Schools is
again being pursued considering the upward economic growth and demand
from financial and business sector.
Reason
for linking company's growth to the skilled and trained employees may
be traced to the face lift of MBA sector and diversification of fields
students skilled at undergraduate levels before entering to MBA studies.
Analysis of background skills of a first year batch of MBA clearly
reveals that students from almost every field attempt to acquire a MBA
degree after obtaining an undergraduate degree. Retail management has
dominated earlier but later specialization diversified to e-commerce,
health-management, rural development, business etc. New fields emerging
for hiring skilled trained staff include aviation, energy, education,
human resource management, marketing, project management and supply
chain management etc. Hiring needs of the concerned organizations kept
changing considering mounting competition in different business
sectors.Trends in hiring keep changing based on the growth of the
market. A decade ago employers used to hire only specialized graduate
than they preferred to specialized graduates with MBA degree. However,
trend changed in the recent years and employers selected only graduates
specialized in a particular field but again indications show that
employers are looking for MBAs with specialization at undergraduate
level in diversified fields.
Specializations
Specializations
Corporate
world requires both leadership as well as professional and management
skills to succeed as an individual and management programs offered by
the best institutions use a mix of theory, discussions, case studies and
project works as a member of a team to train them as a skilled worker.
Top institutes offer a broader range of specializations and choosing a
specialization among different options can be an extremely difficult
task for a student. Keen Interest in a particular field must be the top
priority besides considering other factors such as popularity of the
course and opportunities available in the market. This may help meet the
long-term career goals.Available popular specializations in the MBA
sector include HR management, marketing, finance, international
business, operations management, retail management, supply chain with
operations and information technology. HR management is the popular
choice at present and likely to stay for long given the demand for
trained skilled professionals in different business sectors. A company
can not survive in highly competitive business without support of
trained marketing professionals. Companies visit campuses to recruit to
hire MBA graduates for different marketing jobs.
The Institute's portfolio of long-term programs is diverse, catering to the requirements of aspiring International Business executives and mid-career professionals alike. These are
Entrance Examinations: Common Admission Test (CAT):
Responsibility
for conducting CAT is assigned to any of the Indian Institute of
Management that conducts using computer based mode of test sometimes in
the November and arranges to declare the results during January. Online
forms become available during first week of October and candidates are
asked to fill these forms by the end of September. IIMs, India’s premier
national institutes, provide quality education in management and
research and their flagship program is the two year post graduate
residential diploma popularly known as Master of Business Administration
(MBA). The Executive Post Graduate programs are offered for working
professionals. A rigorous selection process comprising of Group
Discussions, Written Ability Test, Personal Interview and scores in the
Common Admission Test (CAT) is conducted by the IIMs to evaluate and
shortlist candidates for the post graduate program.Reservations are
based in IIMs as per government norms and 15% seats for SC candidates,
7.5% seats for ST candidates and 27% seats for NC-OBC candidates and 3%
seats are reserved for Persons with Disabilities.Information related to
CAT and participating institutions are available on all IIM sites listed
below.
IIM Ahmedabad, IIM Amritsar, IIM Bangalore, IIM Bodh Gaya, IIM Calcutta, IIM Indore, IIM Kashipur, IIM Kozhikode, IIM Lucknow, IIM Nagpur , IIM Raipur, IIM Ranchi, IIM Rohtak, IIM Sambalpur, RGIIM Shillong, IIM Sirmaur, IIM Tiruchirappalli, IIM Udaipur and IIM Visakhapatnam. In addition to the above institutes, a list of state-wise institutions using CAT score for admission is provided in the right side bar.
Selection process
Candidates appearing for the final bachelor's degree or equivalent qualification examination may appear in the common admission test but need to produce original certificate, on being shortlisted after qualifying the examination, from the head of the institution showing to achieve 50% marks or equivalent (45% in case of the candidates belonging to SC, ST, and DA category) based on latest available grades/marks. Each IIM will issue interview letters to the short listed candidates directly based on their own criteria (varying from institute to institute). Each IIM shortlists candidates for second stage of selection defining their own criteria and adopting different approaches that may include Written Ability Test (WAT), Group Discussions (GD) and Personal Interviews (PI).
Besides the performance in CAT examination, IIMs may even use previous academic performance of the candidates, relevant work experience and other similar inputs in short listing and ranking of candidates. All the IIMs may not necessarily use the similar academic cut-offs and the weights allocated to the evaluation parameters.
IIM Ahmedabad, IIM Amritsar, IIM Bangalore, IIM Bodh Gaya, IIM Calcutta, IIM Indore, IIM Kashipur, IIM Kozhikode, IIM Lucknow, IIM Nagpur , IIM Raipur, IIM Ranchi, IIM Rohtak, IIM Sambalpur, RGIIM Shillong, IIM Sirmaur, IIM Tiruchirappalli, IIM Udaipur and IIM Visakhapatnam. In addition to the above institutes, a list of state-wise institutions using CAT score for admission is provided in the right side bar.
Selection process
Candidates appearing for the final bachelor's degree or equivalent qualification examination may appear in the common admission test but need to produce original certificate, on being shortlisted after qualifying the examination, from the head of the institution showing to achieve 50% marks or equivalent (45% in case of the candidates belonging to SC, ST, and DA category) based on latest available grades/marks. Each IIM will issue interview letters to the short listed candidates directly based on their own criteria (varying from institute to institute). Each IIM shortlists candidates for second stage of selection defining their own criteria and adopting different approaches that may include Written Ability Test (WAT), Group Discussions (GD) and Personal Interviews (PI).
Besides the performance in CAT examination, IIMs may even use previous academic performance of the candidates, relevant work experience and other similar inputs in short listing and ranking of candidates. All the IIMs may not necessarily use the similar academic cut-offs and the weights allocated to the evaluation parameters.
Management Aptitude Test (MAT)
MAT
is carried out by All India Management Association (AIMA) four times
(Feb, May, Sept and Dec) in a year using both types of popular
examination formats (Paper/Computer based) since 1988 to facilitate
Business Schools (B-Schools) to screen candidates for admission to MBA
and allied programs. MAT score is considered by 600 or more B-Schools
across India.Graduates in any discipline or students in the final year
of Graduate Courses can apply for the MAT examination. It costs about Rs
1200/- for the general category candidates to appear in the
examination. List of region wise institutes accepting MAT score is
available here.
Candidates willing to appear in the MAT examination may easily find
information on every aspect of MAT googling the information on the net.
Graduate Management Aptitude Test (GMAT)
GMAT
is a computer based online test conducted by Graduate Management
Admission Council (GMAC), a global non-profit organization comprised of
leading graduate business schools and candidates can take the
examination once in a month. Results are immediately available with
detailed reports. GMAT score is accepted by more than 6,000 graduate
business school programs worldwide.GMAC is the owner and administrator
of the GMAT® exam, the first and only standardized test specifically
designed for graduate business and management programs. The GMAT exam is
accepted at more than 6,000 programs around the world and administered
at more than 600 test centers in 114 countries. It is the most widely
used assessment for graduate management admissions and meets the needs
of management schools, and current and prospective students through a
wide array of products, services, and programs designed to open doors
for students, professionals, and graduate management programs worldwide.
The tools available at GMAT site are useful in finding and comparing
schools, help planning for a business school and buy study materials for
prpearation of GMAT tests.
Common Management Admission Test (CMAT)
CMAT
is also an online computer based test that was being organized twice in
a year by All India Technical Education (AICTE). However, the CMAT exam
will be conducted only once a year on 3rd Sunday of January from
academic year 2016-17 onwards. The CMAT-2016 will be conducted on 17th
January 2016.There will be four sections in the test including following
sections:
(a) Quantitative Techniques & Data Interpretation
b) Logical Reasoning
c) Language Comprehension and
d) General Awareness
Each section will have 25 questions and duration of the test would be three hours. There will be negative marking for wrong answers and 1 mark will be deducted for each wrong answer whereas 4 marks will be awarded for each correct answer. General / OBC candidates have to pay Rs.1400 and female /SC/ST/PWD category candidates will pay Rs.700 as examination fee for appearing in the examination. CMAT score is accepted by all AICTE approved Institutes / Departments / Constituent Colleges / Affiliated Colleges of Universities and there is no sectional cut off in the CMAT examination.
(a) Quantitative Techniques & Data Interpretation
b) Logical Reasoning
c) Language Comprehension and
d) General Awareness
Each section will have 25 questions and duration of the test would be three hours. There will be negative marking for wrong answers and 1 mark will be deducted for each wrong answer whereas 4 marks will be awarded for each correct answer. General / OBC candidates have to pay Rs.1400 and female /SC/ST/PWD category candidates will pay Rs.700 as examination fee for appearing in the examination. CMAT score is accepted by all AICTE approved Institutes / Departments / Constituent Colleges / Affiliated Colleges of Universities and there is no sectional cut off in the CMAT examination.
Symbiosis National Aptitude (SNAP) Test
SNAP
is considered as a very high standard test considering its
applicability as an entry gate to the diversified fields of studies
being covered under Symbiosis International University. Test is being
conducted under the aegis of ISU since 2007 for candidates aspiring to
join MBA programs offered by institutes of Symbiosis International
University. There is a common, mandatory Symbiosis National Aptitude
(SNAP) Test and all the aspirants first have to register for SNAP Test
and then they have to register with the institutes offering program of
choice by paying separate institution registration fees. After getting
shortlisted, candidates would then have to attend the GE-PIWAT process
conducted by each of these institutes.
Indian Institute of Foreign Trade (IIFT)
The Indian Institute of Foreign Trade (IIFT) was set up in 1963 by the Government of India as an autonomous organisation to help professionalise the country's foreign trade management and increase exports by developing human resources; generating, analysing and disseminating data; and conducting research. The Institute visualises its role as:- A catalyst for new ideas, concepts and skills for the internationalisation of the Indian economy.
- The primary provider of training and research-based consultancy in the areas of international business, for the corporate sector, Government and the student community, at large.
- An institution with proven capability to continuously upgrade its knowledge base with a view to meet the requirements of the Government, trade and industry through both sponsored and non-sponsored research and consultancy assignments.
The Institute's portfolio of long-term programs is diverse, catering to the requirements of aspiring International Business executives and mid-career professionals alike. These are
- Two-year MBA (International Business), New Delhi, Kolkata, and Dar-es-Salaam
- Three-year MBA (International Business) (Part-Time), New Delhi and Kolkata
- Executive Masters in International Business, New Delhi (18 months)
- Certificate Programme in Export Management, New Delhi (4 months)
