Why 2024 Is the Best Year to Enter a B-School
In a recent YouTube discussion led by Ankit Doshi, the founder of InsideIIM | AltUni, intriguing insights were shared about why 2024 might be the ideal year to start the journey of entering business school. Ankit invited viewers to share their perspectives, creating an open forum for discussion. Let’s go through some of the key points and considerations outlined in this insightful discussion.
- Economic Landscape and Assumptions:
Ankit initiated the discussion by challenging the assumption of a current recession. Despite apparent positive signs in the stock market, concerns were raised about specific sectors, such as IT services, the startup ecosystem, and consumer goods, facing challenges. Ankit emphasized the need to assess economic indicators critically.
- MBA as a Trend and Aspirations:
2024 witnessed a surge in MBA applications, attributed partly to the perception that pursuing an MBA has become fashionable. The discussion highlighted that undergraduates faced placement delays, contributing to increased interest in B-School admissions. Moreover, rising aspirations and expectations played a role in this trend.
- Advantages of Entering a B-School During an Economic Downturn:
Contrary to conventional wisdom, Ankit argued that entering a B-School during an economic downturn might be advantageous. Historical data was referenced, suggesting that cohorts entering during downturns tend to benefit upon graduation as economies recover.
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- Importance of WAT-PI Preparation:
Ankit emphasized the critical role of Written Ability Test (WAT) and Personal Interview (PI) preparations. This phase is considered even more crucial than CAT exam preparation itself. Urging candidates to be aware of interview training, Ankit stressed the need for strong communication skills and a well-informed perspective on current affairs.
- Think Twice Before Saying No:
If you have options from different B-Schools, Ankit suggests being careful. He says not to say no too quickly before you have a confirmed offer. Ankit advises being patient and waiting until you are sure about the final offers. It’s about being humble and smart in making decisions.
- Personal Experience and Lessons Learned:
Drawing from personal experience, Ankit shared a story of initially underestimating the WAT-PI process, receiving calls but not converting them. A stroke of luck ultimately led to admission at IIM Indore. The experience served as a cautionary tale, encouraging current candidates to avoid similar mistakes.
- The Value of Investing in Quality WAT-PI Preparation:
Ankit emphasized the importance of investing in interview preparation programs. Candidates were urged to view these expenditures as worthwhile, potentially leading to a lifetime of brand value and an exceptional first job.
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Conclusion and Next Steps:
To sum it up, the talk about why 2024 is the best time for B-School shares thoughts on the economy, changing trends, and the importance of being well-prepared for interviews. If you’re going through this, the video by Ankit Doshi, the founder of InsideIIM | AltUni serves as a guide, encouraging you to be careful and think smart.
You can check out the full video on the YouTube channel for more details. It’s a helpful resource as you go through this important phase.
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