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Sunday, October 6, 2013

MBA degree loses glitter seems to have lost some of its charm

It seems MBA degrees are facing slowdown pressure, since range of students enrolling for CAT 2013 has fallout to lowest than ever in 5 years. What is the reason of the immediate fallout in an MBA degree? There are several good reasons nevertheless increased fee, less number of placements and job insecurity appears to be the biggest reasons.

As a result of financial slowdown amount of people intended for CAT 2013 has diminished to a seven year low, indicating that an MBA degree facing slowdown pressure. As per reports published in newspapers, this past year there was 2.14 lakh CAT registrations, 1.94 lakh vouchers have been sold for this year. That is certainly 20, 000 fewer registrations while marking a nearly 33% comedown from a high of 2.9 lakh in 2008.

All the IIMs together are offering 3,335 seats for the coming academic year, 115 seats more than last year. Since then, the number of IIMs has increased to 13, but the number of aspirants has declined, except last year when CAT drew 5% more applications. In spite of increased number of seats, interest of student seems to be waning. An MBA degree is no longer seen as shortcut for success since MBA institutes which have emerged up are not providing students any jobs.

So, give your best shot this time. The CAT 2013 can be easiest way for MBA students to IIMs and top B-schools and chances are brightest as compared to last few years. 
 
 

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