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In this section, we will look at the following:
Selection Process of Management Institutes
Eligibility Criteria for Applying to Management Institutes
Financing Your Management Education
The selection process and the eligibility criteria for most management institutes are pretty similar. This section is applicable to management institutes in general. However, there will be institute specific variations which the student is advised to understand by going through the information bulletins and/or the websites of the respective institutes.
Selection Process of Management Institutes
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While the selection process differs from institute to institute, most institutes follow a similar process while choosing candidates.
The selection process consists of two stages:
a. Written examination
b. Group Discussion (GD),Essay (for only few select institutes) and Interview
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The written exam tests the aptitude of the candidate in a number of areas such as quantitative ability, reading comprehension, vocabulary, verbal ability, data interpretation, data sufficiency, reasoning/logical ability and general awareness. However, CAT has not tested the candidates on general awareness till now.
Click here to know in detail the areas of the test and how to prepare
The written exam is generally of two to three hours duration and has about 60 to 200 questions. The candidate is tested not just on his understanding of the concepts but also on the speed with which he can apply these concepts. Most of these exams place a lot of emphasis on time management and require fairly intensive preparation and practice.
The process of applying to a good management institute begins with buying the application form. Each institute charges anywhere between Rs.600 to Rs.1, 600 for its application form. The application form for the written exam of the IIMs (CAT - Common Admission Test) costs Rs. 1,600 (Rs 800 for SC/ST candidates). The exam is valid for applying to all 13 IIMs at Ahmedabad, Bangalore, Calcutta, Lucknow, Indore, Kozhikode, Shillong, Raipur, Ranchi, Rohtak, Trichy, Udaipur, and Kashipur. CAT is also used by more than 160 other management institutes as the written exam for admission to their course. Students need to write CAT and also apply to these management institutes separately. XAT conducted by XLRI, SNAP (Symbiosis National Aptitude Test) of the Symbiosis group of institutes, Management Admission Test (MAT - conducted by All India Management Association) and ATMA (conducted by Association of Indian Management Schools) are some of the other written exams that are used by a number of management institutes for admission to their courses. In this case too, students have to apply separately to each of the management institutes concerned.
Apart from these five exams - CAT, XAT, SNAP, MAT, ATMA, there are other entrance exams also. Among the more popular of the other entrance exams are NMAT (Narsee Monjee Aptitude Test), IRMA, IIFT, M-CET, TISS, etc. However the preparation required by the students is pretty similar for all these entrance exams.
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Based on the candidate's written exam performance, the institute calls the short-listed candidates for Group Discussion and Interview. Some of the institutes, like 12 out of the 13 IIMs (except IIM Ahmedabad) have Essay in their selection process.
The number of students short-listed after the written exam varies from institute to institute. It can vary from three to five candidates for every seat to even a short-list ratio as high as 15:1.
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