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Didn't Get Admission In A Top B-School? Check Out Other Equivalent Alternatives To An MBA

Mar 25, 2019 | 6 minutes |

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“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us.”Charles Dickens These beautiful lines by Charles Dickens are perfect and reflect the time of the year where management aspirants stand at two opposite ends of the spectrum, as mentioned in the lines by the most celebrated novelist and English writer of the Victorian era. Congratulations to all those who are at the bright end of the spectrum and working hard day and night to do well in the Personality Assessment process! However, those who are at the dark end of the spectrum are wondering - What went wrong and what is the way forward? Some of you have no hope from this admissions season and are perhaps contemplating attempting CAT and other management exams next year. Many of you are planning to compromise and join a B-school whose admission process is nothing more than a formality. The fact is that, out of approximately 4000 approved management institutes in India, not more than 100 are worth joining as only these top 100 provide you with a decent education which is valued in the industry and help you to get a worthy job. The MBA degree offered by other remaining 98% institutes is not valued more than that of a paper and even the money invested will go in vain. For all such candidates, let me suggest you some other options where you can put the good use of all learnings which you gained while preparing for CAT:

Combined Graduate Level Exam (CGL)

Staff Selection Commission is India’s largest recruiter for the central government, and its most important exam is the Combined Graduate Level Exam (CGL). All the selected candidates get the officer post in the services of central government and get the salary (Rs. 55,000-60,000 per month) and benefits (free housing, medical support for life for your family, post-retirement support and more) much better than the jobs offered by lower end MBA institutes. The SSC-CGL conducts in four Tiers:

RBI Grade B

Reserve Bank of India’s Grade B examination is the gateway to the key managerial positions in RBI. This exam is strongly recommended for those management aspirants who are interested in finance and banking. The RBI grade B officer has the basic pay scale which amounts to Rs. 60,000-70,000 per month along with many other benefits such as Medical allowance, HRA, DA, Conveyance allowance, Bank Loan facility and much more. Selection Procedure of RBI Grade B Exam (General) comprises of following steps -

Probationary Officer Recruitment Tests

SBI PO and IBPS PO are the main examinations for the post of Probationary Officer and are the golden opportunities for all the graduates who are interested in making their career in banking sector. The selection procedure of both SBI PO and IBPS PO involves three phases:

Intelligence Bureau (IB)

The Ministry of Home Affairs conducts exam for the post of Assistant Central Intelligence Officer (ACIO) Grade II & Executives in Intelligence Bureau. The Intelligence Bureau ACIO Selection Process is divided mainly into three phases: For an MBA aspirant, the preparation of these exams will not be a herculean task as the major portion of the syllabus of these exams is very much similar to that of management entrance exams, and the level of difficulty is less than that of CAT & other MBA entrance exams, only he/she has to practice a few mocks of the respective exams and study topics like General Awareness and Economics & Social Issues quite diligently.  “Always remember that there are many ways of going forward in life but only one way of standing still”Franklin D. Roosevelt.