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Anyway, after graduating in 2022, I gave the CAT again and got a 99.07 percentile because of the right people and resources that I am grateful to. Also I did not smile this time as you can see on the scorecard and that has made all the difference XD.
Now, how I did that is not today's topic. Since I got a 99+ percentile as a B.Com (H) graduate, my parents and I started our 'dhindora'. I kept dreaming of the IIM A admit and how I am going to be a 'bada aadmi with bohot saara paisa' only to realise that IIM ABCL did not even call me for an interview as I got to know a lot of caveats involved. I was very disheartened and disappointed. I was mostly propagated the myth that 99+ as a non engineer and IIM ABC is the place you are going to if you have good acads.
(I had 95 in X, 91.2 in XII and 8.77 cgpa in my B.Com)
1) Percentile doesn't matter, Composite Score matters.
Composite Score is a cumulation of your cat score (not percentile), academics of X, XII and graduation, Work experience, gender and academic diversity points. Different B schools take different combinations and weightages of the above criteria for their Composite Score. You can find the previous year criteria on the official websites of different IIMs as well.
2) Different Composite score for different categories/reservation.
General category Composite score is normally substantially higher than categories like EWS, NC-OBC, SC or ST.
3) All Non engineers are not the same.
Some B-schools like IIM Ahmedabad, differentiates between a B.Com/Eco graduate and a Literature/Fashion technology graduate. The former might require a much Higher CAT score compared to the latter to get shortlisted for an interview.
4) Apply to Non IIMs
Apart from the BLACKI IIMs, there are some non IIMs which are at par with top IIMs and better than the second generation (New IIMs) and third generation IIMs. (Baby IIMs). Some are XLRI, SPJIMR, FMS, MDI etc. They can drastically boost your chances of getting into a good B school. Some of their shortlisting criteria might work better in your favour due to your profile. Most Non IIMs don't have reservation.
5) Roles offered are the same in IIM ABC and other Tier 1 B schools
Corporates don't differentiate in terms of roles offered at IIM ABC vs a B school like XLRI or MDI. For example, the best role in Marketing for an MBA graduate is considered that of an Area Sales Manager. The role and the salary will be at par in the same FMCG company.
Key Takeaways
This should give you a very good starting point to know where you stand. Try to score as high as possible in your CAT 2023. Apart from CAT, give other exams like XAT, SNAP, NMAT, IIFT and MICAT etc. Don't be very stubborn about going only and only to IIM ABC and end up dropping/repeating another attempt. There are some scenarios where only the top 3-5 institutions will make sense. For example, when one is from an Old IIT or only wants front end IB roles. For others, there are plethora of opportunities/B-schools which will save your time, money and effort giving you the same career trajectory.