With nearly 2 lakh candidates appearing every year, CAT is probably India’s most prestigious MBA entrance exam. From aspiring entrepreneurs to finance executives, the competition among people to get into the top 20 IIMs of the country is immense.
A well-paying salary package working for the biggest companies globally and an opportunity for rapid career growth are just some perks one receives after clearing this examination.
Given that many either want to appear for it in the future or are already attempting the CAT 2022, here are 5 reasons why CAT is considered the biggest MBA exam in India.
1. Admission to top colleges
One of the primary reasons that CAT is the most significant MBA entrance exam in India is that the top B-schools in India participate in the CAT exam every year.
Be it the IIMs or other well-known management institutions such as IMT, MDI Gurgaon, and FMS New Delhi, among others, CAT makes it possible for students to get admission into their dream college.
2. Immense competition for seats
The number of aspiring MBAs taking the CAT exam grows every year. It becomes even more interesting when you realize that these aspirants compete in one of India’s most competitive MBA exams for just a little over 5,500 seats at top IIMs.
If data is anything to go by, nearly 2 lakh aspirants take the CAT exam every year.
3. Difficulty level
Contrary to popular belief, the CAT exam is not difficult to crack. Rather than your capacity to mug things up, CAT tests your aptitude along with your logical and communication skills.
If you want to succeed in CAT 2022, follow a simple preparation strategy – set a timetable along with some daily targets that you want to achieve. Following it up with consistent practice and mock tests will further strengthen your preparation.
4. Opens up excellent career opportunities
People who crack the CAT exam and get into top B-schools are likely to land well-paying jobs with India’s biggest companies and abroad.
Companies pick the best individuals during placements, with starting salaries estimated to be around 10-15 lakhs per year. Hence, we can say that appearing for CAT can be a big boon for your personal and professional growth.
5. Extensive learning
With sections such as Quantitative Ability, Reading and Comprehension, and Verbal Ability, among others, taking the CAT exam helps you develop yourself into a top management professional.
The questions are designed so that they prompt you to think and analyze various scenarios and come up with the best possible solution. Doing so helps in developing some crucial skills which later come in handy during your professional career.
6. Flexibility
Be it a graduate or someone who has been working professionally for some time, almost anyone can appear for the CAT exam.
A 9-to-5 job won’t hinder your CAT preparation if you dedicate a few productive study hours over the weekend or even daily to revise and read concepts. Moreover, having a job gives you much-needed work experience that can be crucial while shortlisting the IIMs and other top B-schools in India.
Final Thoughts
So, these were some reasons why CAT is the biggest MBA entrance exam in India. With so many people appearing for the exam every year and the demand for skilled management professionals soaring, this trend is bound to continue during CAT 2022.