Management Education in India - which started well over half a century ago - has made rapid strides over the past decade. Today, an MBA or an equivalent degree is looked at by many as a passport to a good career - a career which is highly challenging and extremely rewarding.
The process of liberalization which started in India in 1991 led to a major spurt in the demand for management graduates. Organizations from a variety of sectors - ranging from FMCG, Banking, Telecom, Retail, Consultancy and Manufacturing - started recruiting management graduates from Indian management institutes by offering them fat pay packets.
Click here to know more about the remuneration levels that management graduates are offered.
This increased demand for management graduates, in turn, gave a major fillip to the demand for management education in the country which resulted in the mushrooming of institutes/university departments offering management education. It is estimated that that there are around 1000+ institutes at present offering post-graduate courses in management in India. The quality of these institutes ranges from world class at the Indian Institutes of Management (IIMs) to abysmal at some of the badly run management institutes at the lower end of the scale. Unfortunately, not all institutes offer management education, which is of excellent quality. Only some of these management institutes can be regarded as being worth joining by students.
To get into a management institute, one has to go through a selection process
which includes
Written test
Group Discussion
Written Ability Test (Essay)*
Personal Interview
*Written Ability Test (Essay) is being increasingly used by IIMs. This year (2013), 12 out of 13 IIMs are having Written Ability Test (Essay) as a part of their selection process.
There are a large number of management entrance exams in the country. Some of these exams are used by multiple institutes as a part of their respective admission processes. The prominent among such exams are
CAT - Entrance test for 13 IIMs and more than 160 management schools XAT - The entrance test for XLRI and more than 100 management schools CMAT - The ONLY test for admission in MBA Programmes in AICTE approved institutions and University Departments of all the states, and one of the five tests for PGDM programmes for 2013-14 JMET - The entrance test for the Schools of Management at the IITs(discontinued since 2011)* MAT - Accepted by more than 400 management schools ATMA - Accepted by more than 100 management schools
*The IITs now consider CAT scores for the admission into the management courses being offered by them. The link,JMET is being displayed only to give an idea to students.
Click on each of the above exams to know more about the exam as well as the list of management institutes under the exam.
There are a few management institutes conducting their own entrance exams. Some of the reputed among them are IIFT, IRMA, NMIMS, etc. AICTE also conducts a pan India management admission test called CMAT. In addition, there are Common Entrance Tests (CETs) conducted by a few states for the MBA courses offered by all the universities in their respective states.
Click here to know more about CETs.
Top