The total number of registrations for the Common Admission Test ’2013 (CAT ’2013) has dipped by almost 9% to a 5-year low of 1.94 lakh, down from around 2.14 lakh applications in 2012.
The number of candidates with little work experience or without experience has dropped from 68% in 2012 to 66% in 2013.
As per experts, the current economic slowdown coupled with shrinking placements and salaries has contributed to this decline.
Indian Institute of Management-Udaipur (IIM-Udaipur) officials claimed that the fall in registrations could be due to the addition of 115 seats across all IIMs as well as setting up of new IIMs. The total number of seats in all IIMs is 3, 335 at present. Moreover, with the current volatile economic scenario and dwindling job prospects, the number of CAT takers and MBA courses have come down. Although many MBA institutes have mushroomed over the years, they have not maintained quality standards and have not been able to provide placements to students. Many have closed shutters as well. Only the premier and credible MBA institutes are preferred by students, the officials added.
As per sources, enrolment for online management programs has increased by 30% in 2013. This year, around 3 lakh candidates have enrolled for mini-MBA courses till date.
Sources claimed that the rising cost for MBA degrees to a whopping Rs10-15 lakh for 2-year fulltime programs is another deterrent for candidates. Some candidates prefer to write the Graduate Management Admissions Test (GMAT) to pursue MBA programs from foreign institutes.
Although overall CAT registrations have dipped, there has been a steady rise in the number of women candidates who appear for CAT examinations. IIM officials have claimed the dip in numbers will not have an adverse effect on quality of education or that of MBA graduates in India.
This year, the state of Maharashtra has received the largest chunk of CAT registrations with Uttar Pradesh, Delhi and Andhra Pradesh following.
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