Before taking any decision related to CAT, remember one thing, your CAT preparation and your MBA is a part of your career and not the end of it. So everything you do in this time will add to your profile, and in the b-school you’ll need your profile to be as strong as possible. So my general advice will be to build your skills and profile while you work your way around CAT preparation. And the ideal thing to do will be to join a job and try for CAT once you gain some clarity that what exactly do you want from your MBA. Again, if you are thinking of taking a drop for CAT prep, do something other than your prep which can add value to you or your profile so that if you flunk the next attempt you should be in a position to get yourself a job.
There is a reason the interviewers for IIM ask you the sacred “Why do you want to do an MBA” question! Its because it matters. So you better figure it out, otherwise even if you end up in a b-school it would pointless.
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