It depends on three things :
- Choices Available
- Resources - Time & Money
If you want to get into Mckinsey & Co. or a similar kind of a consulting firm only then the routes are pretty well defined and few. You have to get into certain schools only. You will have to take CAT again. Whether you should be so fixated on one company or a role is a question for another time.
However, if you want to get a good job that pays well and you get to enter the domain/industry of your choice you should not be too concerned about the brand and take up the school you are getting. After all, entering the job market earlier also has major advantages, you start earning higher faster as compared to waiting and taking a chance.
People have different goals - they want to experience a great campus life, some people want to get global exposure, some people want to build a network among India's best minds, some people truly value the learning experience (i have come across very few such people though), for some MBA is purely transactional and a means to a high paying job. So you decision will depend on these factors.
After Goals, the next obvious question is what do you have in hand? If you have scored 55 percentile, my advice is to not do an MBA. Any school who accepts you at that percentile is highly likely to not be worth the tuition fees (unless they accept another exam of repute and have a higher standard there). In this case if the MBA dream is important and you can wait a year there is no other option but to take CAT again.
What if I am getting admission in IIM K and I want to only go to IIM A? Well, to each his own but my own suggestion would be to take up IIM K. 1) There is no guarantee you will do as well next year. 2) From a strictly pragmatic stand point, 5 years into the industry it will definitely not matter. Of course, if you are hell bent on a brand then IIM A is big as it can be and maybe you need to wait but I do feel then the decision is largely based on ego rather than a clear goal. A clear goal in this case could be that one wants to only join a top notch VC/PE firm - that you will probably get only at certain schools like IIM ABC and ISB. But if your goal is a FMCG marketing job there shouldn't be any reason to reject IIM K.
This plays out at different levels. For e.g. IIM K vs IMT G - should I take CAT again?
Not everyone can afford to wait. Some students need to start contributing money to the family as soon as they can. Some women candidates fear being forced to get married soon (its regressive and abominable but still true). In both the above cases, the student's hand will be forced.
Resources are also important to take into account when you have offers from a school with a poor ROI. The long term value and the experience may be awesome but a poor ROI on graduation can severely impact your finances. For e.g. if you have an EMI of 35k a month and your in-hand salary is likely going to be only 70k, does joining such a school make sense at all? Maybe, taking CAT again is a better option especially if you are already working somewhere and have some income flowing in during the extra year's wait.
There is no one clear rule when answering this question and it will be different for different people. But I hope this framework helps to form an initial thought process.
Ankit , if you could also clear a little bit on this - given that I want to get into niche marketing jobs in FMCG or e-commerce, IIM K vs IMT G – should I take CAT again?
I don't know what niche marketing jobs means to be honest. Can you clarify more? Also, I have given 3 factors to be considered. It depends on that too. There is a massive difference in the roles offered at IIM K for all kinds of roles not just Marketing as compared to IMT G. There is a significant gap.
This article helped me alot. Before the results are out i wish to take CAT again. This was my first attempt with two months of preparation. Now, results are out and i got low marks. I made my goal clear to take up CAT again..!! But I always get some pop ups in mind..whether work experience is more important?? Am very curious to know answer? Help me out ?
You should garner work experience irrespective of whether you take CAT or not. You should always be employed.
i m fresher i have got 82 %wth decent academics from bcom ,should i retake ..or join anycollege
You nailed the entire thing in writing if you desire bcg, bain or mckinsey, there is probably just one way. My goal is precisely that. 1.I have 87.4 % in 10th, 79.83(in 6 subjects) and 82 in best 5 in 12th. 73.17(percentage of marks) in grad but 69.61 if calculated through the method of credits. 2. I scored 75 perecentile in CAT'15 with 1 week preparation. Also, I scored 80 percentile in XAT'16. 3. I scored 89.26 percentile in CAT'16 with approx 1 month preparation. Sectionals being VA - 97.xx, QA - 84.5, DILR - 41.xx. Also, I scored 91 percentile in XAT'17. 4. I scored 83.xx percentile in CAT'17 with quite a bit of preparation and 5-6 mocks for the first time in 3 years. Sectionals being VA-86.xx, QA-80.xx,DILR- 73.61. Currently, waiting for XAT'18 result. 5.I have 2 yrs of consulting experience in EY as. Data Analyst and around 6 months in Bank of erica where the work profile is not so good, basically boring, substandard and irrelevant considering my Analytics knowledge. Qs. Should i quit around 35 month mark to prepare for Cat'18 (if XAT'18 too doesn't turn out in my favour) with approximately 5 months to exclusively prepare for CAT? P.S I contemplated the same after 24 months but couldn't because of financial constraints that's now been taken care of courtsey my present job which pays me close to 8lpa. But this job is boring as hell and I feel lost in life. Can you please help Ankit Doshi.
@Anup - You shouldn't take up a school at 83 percentile as it is unlikely you'll find a school that will increase your salary by a big factor post MBA. There are always exceptions but it is difficult. Not worth spending 2 years doing a MBA at a not so popular school. Your profile may end up being short for the consulting firms you mentioned you want to get into. Not only will you have to get into specific schools you will also have to be among the top 5% there. You should definitely not quit your job. You could change a job to one which is more of your liking. At 35 months work-ex and 8 l.p.a you should only join a B-School that will ensure you get at least double of your salary before joining b-school.
@Anupam – Insufficient data to help you. How do I know what your aspirations are?
My point is that i never got a chance to whole heartedly prepare for CAT. I had switched job precisely to gain more time and that i did to some extent. I also utilised that time to the best of my ability. The main problem is no. of mocks - just 5/6. Playing safe sounds justified as i did last year but it doesn't appeal to my soul anymore. May be am being stupid in being highly aspirational. Being pragmatic is no doubt crucial but I guess sometimes it's something above all this. Would i be at disadvantage(or ignored to a large extent) if i drop after june during the interviews, hypothetically assuming i managed to bell cat'18 (getting above 99 percentile)?
It is possible you will score better in CAT. It is possible that you will get a very high percentile. However, given your academic record, you won't necessarily make it to the schools you want to which offer the roles you want to pursue. CAT is just one factor. You can give yourself the best chance but the question is, is it worth it? Have you considered EPGP/PGPX at IIMs or ISB? Anecdotal evidence suggests that people with higher work-ex tend to get fewer shortlists in the 2 year PGP programmes at IIMs and other top schools unless the person's profile is absolutely spectacular. Also, people who need to take a break from a job for CAT are definitely looked at less positively vs. those guys who crack CAT while doing a job. Who do you think the panel will prefer on most occasions?
I can see logic in your argument and yeah my past academic records were the reason I never gathered courage to leave my job altogether. Thanks Ankit. Last qs. :P,Though by that logic, is it even worth to give CAT one more time this year with job? P.S - I will definitely ponder over GMAT, ISB and PGPX etc programmes once i complete 3 years of work ex.
You should take CAT only if you are able to give it a good go with 4 hours of dedicated prep daily. Refer to stories on InsideIIM which help give a schedule for managing CAT Prep along with a full-time job.
Hello Ankit! Your points in the article sums up things pretty well. Kudos to you on that! I am a Commerce graduate and have been working as a Derivatives intra-day trader ( or "Market Analyst" to sound more niche) since July'17. Just want to know how much of a value does the job of a trader add to the applications for IIMs and ISB. Also, is it worth working for 2-3 years as a trader before applying to the top b-schools. You have been replying to the questions very diligently. Much appreciated!
@Mukund - Quality of work experience is an important metric. How you present the quality of your experience is what matters whether at ISB in your essay and interview or at IIM in your interview. It doesn’t matter which field you are in. The weight given to work ex in the final score is generally well defined in the selection process. In India, there are very few places where it will be in excess of 35% at best. A good work ex does help in making an impression in the interview. At ISB 2 years work ex is compulsory to apply. Otherwise I don’t see any significant advantage to a Derivatives Trader work ex because you’ll still need to have your CAT score, acads etc. in place.
Sir, I really want your suggestion. Currently, I am in my final year of engineering CSE. My past acads - 9.2 CGPA in 10th, 83.8% in 12th, 6.8 CGPA till 7th sem. NMAT 2017 score - 212 CAT 2017 - VA 48.01 LRDI - 72.31 QA 97.34 OA 85.37 IIFT 2017 - Not shortlisted I have a job offer from Infosys but only a meagre package of 3.25 lakhs. My average mock scores in AIMCATS were near 90%ile. But I ended up doing worse than that. Also appeared for XAT and TISSNET. TISS score 74/100 according to memory based question and answer key by CL. I am also appearing for CMAT and CET just for JBIMS. Should I give CAT again? Also should work or prepare at home since the hectic training at Infosys for 4 months straight will hamper my CAT prep. Also CAT form asks for the work ex upto 31st July of that year. And the internship doesn't count. So in all, I'll end up having no extra weightage for workex during my admissions. So, what should I do? I'm really low and confused right now?.
Hi Team, I need an advice of whether I should take CAT again next year as I am in a big dilemma right now . Myself Poulami Moitra. I have an engineering background and currently working in IT sector with about 2yrs 4 months experience. I had appeared for CAT this year but my result is not upto the mark. I will not be getting admission in any of the colleges of my expectations hence have decided not to take admissions this time. But there is a concern which is putting me in a dilemma whether I should take CAT again next year and start my preparations because next year around this time I will have almost 3years 4 months of experience in IT and I have been told by many that this long experience in IT is going to hamper by chances in getting admission in a good college and even if I get through I will have many disadvantage in getting a good placement anywhere other than IT. Hence I am not sure if I should retake CAT again in 2018. 2017 was my 1st attempt for CAT. Kindly please advice what I should do.
@Adarsh - We always tell people to never quit their job and find a way to prepare with the job. Its hard but its the right thing to do. You can decide to take time off and prepare only for CAT but be sure to find a job immediately after CAT is done. You will make a less than desired impression in an interview if you are a candidate without a job when you meet a panel.
@Poulami - You should take CAT again one more time. If it doesn't work out next year you should consider PGPX/EPGP. You should consider ISB too in the next intake.
Thank you so much Ankit for your advice. I was a little confused because of my work experience as people were telling me 3+yrs in IT is not good for MBA. I have quite a clarity now.
Hi Ankit, I'm having 3.1 years of IT experience and my CAT 2017 was a disaster :( could you please answer my queries. 1) i am in dilemma whether to take CAT again or i should try GMAT? 2) High IT experience considered as disadvantage during selection and placement? 3) Can i shift to other fields of specialization during my studies with high IT experience? 4) Should look for regular MBA or 1 year MBA as my experience will become 4 years next year?
1) Definitely look at GMAT seriously. 2) IT Engineers are more in supply than others. Obviously there is an impact on demand for your bretheren. 3) A lot of people have successfully done it. It will be a challenge but it is possible. 4) Look at ISB/GLIM or even PGPX/EPGP from IIMs 2 years from.
Thanks Ankit for your valuable information and finally one more question. Is 1 year mba worth? i mean what can we learn in 1 year? 2 year MBA helps to understand concepts in depth right?
But for PGPX/EPGP don't we need to have minimum of 5 years of work ex?
@Poulami - Yes for PGPx and EPGP, you need 60 months of work-ex. For ISB/GLIM your current work-ex is enough.
@Vivek - You need to look at outcomes. 1 year MBA is for those who have work-ex and hence do not need as much time in the classroom as they have practical real life experience. ISB students also go to Mckinsey and IIM students also go to Mckinsey. Eventually the outcome is the same.
@Ankit- I hadn't prepared whole heartedly this time, semester exam were too in last november. I gave a decent practice in quant section and got 86 percentile in it. skipped college placements as well. So Should I take cat again? 70.12 percentile CAT'17. NMAT-186 10th-8cgpa, 12th-83.6%, btech (till 6th sem)- 63%
CAT : 65.52%ile 10th : 78% (Maharashtra Board) 12th : 73% (Maharashtra Board) (Commerce) Bachelors in Accounting and Finance : 70% (Mumbai University) General Category Dependent of Ex-serviceman Fresher Achievements : Google Adwords Certified Certified in Digital Marketing Leadership lessons from Harvard Experts Attended Global Leadership Summit Certified in Integrated Marketing Communications Participated in a workshop conducted by alumnus of London Business School Appreciated by Helpage India for my efforts to raise funds for elderly Appreciated by Kerala Catholic Association (Charitable Trust) for distributing food to the needy people Recieved the "Nightingle Award For Singing" for securing 1st place in Interschool Competition Secured 28th position securing A grade in Thane Talent Search Examination Secured 1st place in Interschool Debate Competitions Secured 3rd place in R.R Inter-Dojo Karate Tournament Participated in Maharashtra State Level UCMAS Competition 2007 Working as a Freelance Musician Can I expect any profile based calls from a good college?
One attempt to answer this had taken place earlier a couple of years back by Career Launcher's National MBA head (then CEO of Vistamind) - https://insideiim.com/mba-dream-shattered-the-way-ahead-part-i/?src=comm
ARKSS has answered in form of FAQs for 3-4 types of CAT takers
- First time CAT takers and are less than 25 years of age
- Students with More than 2 years of Work-Ex
- Students with more than 3 to 4 years of Experience
- A candidate with pressure of being asked to get married
Hi @teaminsideiim I scored 70 percentile in cat. I know i wont get admission in a tier1 bschool. The placements in this category is in the range of 5-7 lakhs. But will it ever be a hindrance to future career growth? Like, will I be constrained to specific jobs or posts? @Ankit @teaminsideiim
Depends entirely on the business school you go to. 5 years from now very little will matter but in the near term a good school almost guarantees a good start. Look at good schools that focus less on percentiles. 5-7 Lac jobs shouldn’t be that tough to get from schools like MYRA, IFIM, Athena etc. But is that what you want is the question
Hi ankit, I am getting onsite opportunity now so it is wise to take onsite opportunity and doing 1 year mba after coming back is good or I should look for 2 year mba next year? As I already have 3 yes IT experience?
I have no context to your situation. If you value the on-site opportunity you should take it up. 2 years or 1 Year depends on options you have after you crack the entrance and after you have got calls and what your salary is then. Too hypothetical at this stage
Actually my aim is to do MBA and I don't want to miss this opportunity so I want to know whether insite experience will strength my profile during mba selection process??
10/12/UG-90/93/71, cat 2018 OA-82, passed out 2017 no work experience . i got call for CAP, do i have any chance that i can convert the call.
Hi Ankit i'm a commerce student i got 90.08 %in 10th board exams 92.50 %in 12th exams 89.46% in bcom.. can i get calls from top b schools if i crack cat.. or is it advisable to have work experience before attempting cat? please answer my question. i'm in a dillemma
You should definitely take CAT. It’s a no- brainer. Acads are important and you have good Acads. From selection process point of view there isn’t much that Work ex will add. Not worth waiting. If at all, you should wait and take enter IIMs two years later if you think you want to experience corporate life/start-up world before an MBA but I’d recommend taking CAT immediately
Hi Team My credentials are as follows - 10th 10/10CGPA || 12th 86.2% || Graduation B.Sc Economics Honors 3.21/4 CGPA Female General Category Graduated in 2018 , interned till September and then quit for entrances XAT 97 percentile CAT 86.2 NMAT 96 Converted only NMIMS Mumbai MBA Core Should I join or try again next year ? Don't have a job in hand. This was my first attempt at entrances. Inclined towards finance. Please advise. Thanks
Here's IFMR students' attempt to help you in this question :
I got 92% in 10 th , 88 %in 12 th , 69 %in grad , and at presently I got 60 %ile in CAT due to my lack of preparation , I am planning to have a work ex and then give CAT next year with full fledged preparation ,are my grad scored really bad that it wouldn't lead me to iims even after getting a good percentile next year ?
Your grad score is slightly low but given your acads I would advise you to take CAT again especially since you are a female candidate.
i got 81% in 10,75% in 12th(west bengal board,so hopeful to get my marks normalized) and 8.6(78%) in btech..i got 80% in cat this year.Looking at this year trend,i am really worried of getting a call from old iims..do i have any chance of getting call from IIM L or K assuming i will score decently in CAT 18??
@Abhijit - Difficult to say. Your acads are not great. You should keep an open mind. In any case first you need to score in excess of 99 percentile to stand a chance.
I will have 2 yrs of work ex next yr....so will that anyway increase my chances of getting a call from at least IIM k next yr if not L?
It will have very little impact. Check the selection criteria. Unless of course the criteria changes next year.
Hi Ankit, I hope things are going well at your end. My conundrum is regarding whether I should attempt CAT once more or take IMTG or IMI Delhi. I will complete 3 yrs of workex in may at a healthcare company which pays well meaning I am well settled but the work life balance goes for a toss only sometimes. If I reattempt CAT, my work ex will be touching 4 years and I have heard that work ex in excess of 3 years is generally considered a hindrance in bagging good roles at b schools. Can you please throw some light on that. Also, below is my profile. 10th – 86 % 12th – 80.20 % BTech – 74.00 % A few certificates on public speaking and state level cricket. If I reattempt this would be my 4th attempt. My Previous cat scores: CAT 15 – 74.xx %tile CAT 16 – 94.5 %tile(converted IMT,IMI and XIMB but left all) CAT 17 – 90.71 %tile(converted IMT and IMI) Thanks in advance for your help. Regards, Keshub
Tough situation. If you’re earning in excess of 8-10 Lacs right now it probably doesn’t make sense to do an MBA at IMT or IMI at all. Wait it out - look at ISB or even IIMs PGPX after 2 years.
Thanks for the prompt reply and i appreciate your suggestions. And no, I am earning less than 8( 1 less to be precise). Also I am looking for a change in my profile. What would you suggest now? Should i join one of the above b schools keeping in mind my current package? Or work towards a role change?
If you are able to get a role change it will help. I'd still look at ISB or EXEC courses rather than IMI or IMT at this stage as not sure you'll be able to double your salary after 2 years. Plus, there will be student loan which is hefty for both schools.
@Ankit- I hadn’t prepared whole heartedly this time, semester exam were too in last november. I gave a decent practice in quant section and got 86 percentile in it.
skipped college placements as well. So Should I take cat again?
70.12 percentile CAT’17. NMAT-186
10th-8cgpa, 12th-83.6%, btech (till 6th sem)- 63%
@Ritu - You should take CAT again if you think you can prepare better. In any case, 70 percentile is unlikely to give you too many great options.
@Ankit---Is it possible to take 70%ile upto 95%ile? I mean hv u ever known someone who made it?
@ritu - https://insideiim.com/from-62-87ile-to-99-93ile-in-cat-2015-mohit-jains-journey-to-iim-calcutta/ There are also people who have bounced from 45 percentile to 98
Most of the important factors to be kept in mind while deciding on whether to take CAT again or not have been nicely discussed in the earlier posts. Having said this, I would like to lay emphasis on an extremely vital phenomenon called 'Causal Ambiguity'.
In our context, what it means is that the candidate who has managed to first score high in CAT and then went on to convert the GD/PI rounds of a top B-School doesn't actually know the exact reasons behind his success either in CAT or the GD/PI stage or worse even - both! Basically, you've succeeded but you cannot map the particular actions to their contribution in your success. Now the causal ambiguity can be at three levels:
- You don't the reasons behind your success in both CAT and GD/PIs: If this is the case, I'd strictly suggest against taking CAT again the next year. Given the double uncertainty that prevails in both CAT and GD/PIs, it's wise to make the most of what you've achieved today. This is a high risk and low returns option.
- You don't know the reasons behind the success of either of the two: This calls for a personal call of the candidate as to if he/she is ready to risk it for the next time and hope that he/she performs better in both CAT and GD/PI.
- You know exactly why scored what you scored in both CAT and GD/PIs: In this case, the candidate can certainly try his/her luck to take CAT again. A focused approach on further cementing one's strengths and eliminating the identified weaknesses before the next CAT can reap great results. This is a low risk and high returns option.
Profile : GEM. 23 Months Workex (still employed) 10th/12th/UG- 95/95.6/84.30. NIT TRICHY. CAT 17' - 97.52 - VA 99.8 DILR 92 QA 85 (Messed quant up) Have Indore and MDI calls. Prudent for me to take drop and take a shot at ABC?
@Ankit I am a GEM B.E. 31 months experience (12 months in Core Engg,19 months in Marketing(Retail)-Steel Sector) 10th-89.9%,12th-87%,Engg-72.6% CAT 79%,XAT 67%,CMAT-98.8%,NMAT 203 Calls: NMIMS Blore(Converted),GIM,IMT Nagpur. I hadn't given a serious attempt at CAT this year and deservedly scored less.Given my capability,i know i should have done much better.I have managed to convert Nm banglore and mostly would convert GIM as well.Now i want to give a serious attempt at Cat this year but then there are these doubt creeping in my mind that by this time next year i would have has 44 months experience which i feel is very High .This is forcing me to contemplate taking admissions in the above mentioned colleges. Please Help.
I suggest you do this. Find out what the minimum age requirement is for both the PGP/PGDM programmes and Executive Programmes. I think after 4 years of work experience IIMs start giving less preference to applicants. The Executive programmes are really good and top-rated in the country for a number of B-Schools. However, I feel (i'm not sure) that by the time you sit for interviews, 44 months of work experience is still less than 4 years and it may actually work out in your favour. If you feel you are eligible for PGP/PGDM programmes and want to prepare for CAT 2018, go ahead.
I have had 3 unsuccessful attempts at CAT.My parents are asking me to give CAT again as I am not able to get a decent paying job.But I feel I wont be able to do well in it and end up wasting another year.What should I do?
Sara Dirur. Have you been able to assess why it is that you are not being able to crack the exam? Do a proper assessment and try and understand what the problem is. Your parents are only looking out for you. There are still 8 months left for CAT 2018. You have more than enough time to prepare. Give it another shot. One final shot before you look at other avenues. I am 100% sure that you will be able to get into a college that will get you a job you deserve. All the very best!
I gave CAT 2019 and messed it up. I have 2 years work ex but left my job in may. My grad score is 59.23% BCOM HONS. what should I do now? considering my low grad score I have no hope of studying abroad either. Should I get a job and try for CAT again. My age is 24 yrs. Please somebody guide me.