IIMs the best, but not the only option for aspirants

The Common Admission Test (CAT) is every MBA aspirant's ticket to a business school. And many of them will be looking to get into one of the top B-schools in the country on Sunday.

This year, more than 1,90,000 students across India are appearing for the test, which is considered a passport to six-figure salaries and corporate paradise.

So, it's testing time for CAT aspirants like Jui Chaitre. Jui dreams of studying in Indian Institute of Management (IIM) and is among nearly 2,00,000 students who will be competing for just 1,200 seats in IIMs this year.

“I have prepared really hard for the CAT and I hope I make it to the IIMs. But I am keeping my other options open too. So, you know there are other B-schools, which are good enough,” says Jui.

But how do you make sure that the B-school you applied to is the best for you?

The latest Outlook survey has come out with a list on the top management schools beside IIMs.

Xavier Labour Relations Institute of India or XLRI is one such school worth considering. Known for its human resource courses, the institute draws a number of recruiters to campus like Pepsi, ABN Amro and Accenture.

To get into XLRI, which has 120 seats and charges Rs 3.5 lakh a year, you have to clear a special entrance test.

If you are interested in trade and marketing then the Indian Institute of Foreign Trade or IIFT is a good option. IIFT also conducts its own entrance test and is among a few colleges that tests GK in its written test. IIFT charges Rs 1.6 lakh per year.

If finance is your forte, then consider Faculty of Management Studies or FMS.

The school takes 130 students on board and charges Rs 10,000 each year.

And if you have two or more years of work experience and are looking for a shorter course then Indian Business School or ISB might be what you are looking for. The one-year MBA course for executives in ISB costs around Rs 14 lakh.

Engineers looking for a management degree can apply to National Institute of Industrial Engineering or NITIE. The institute has a batch of 180 students and the two-year course costs around Rs 2.5 lakh.

Interestingly four out of the five good B-schools beside IIMs take tests other than CAT for admissions. So, even though you must make all efforts to bell the CAT, do know all's not lost if you are unable to do so.


Source: IBN
 
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