MBA Preparation: MBA is a 2– year professional degree course. The admissions of MBA are based on MBA entrance exams. The average fees range from 2-30 LPA. The MBA specializations include MBA Finance, MBA HR, MBA Marketing, and MBA IT.
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MBA Preparation: MBA Entrance Exams
- CAT:- It stands for the Common Admission Test. It is the national level entrance examination conducted by the Indian Institute of Management (IIM). The scores are accepted by most MBA colleges. It is a computer-based selection test. The duration of CAT is 120 minutes. This test doesn’t include negative marking.
- MAT:- It refers to the Management Aptitude Test. This national level entrance examination is conducted by the All India Management Association (AIMA). It is conducted fourfold a year. The time duration of MAT is 150 minutes.
- CMAT:- It refers to the Common Management Admission Test. It is a national level entrance examination conducted by the National Testing Agency (NTA). It is an online computer-based test. The duration of the CMAT is 180 minutes. Negative marking is included in this test.
- XAT:- It refers to the Xavier Aptitude Test. It is an MBA entrance examination conducted by the Xavier Labour Relations Institute (XLRI). It is accepted by many MBA colleges. This test is conducted online. The duration of XAT is 180 minutes. There is no negative marking within the GK section.
Syllabus of MBA Entrance exams
- Verbal Ability Syllabus
These types of questions are based on vocabulary, grammar, sentence correction, fill in the blanks, close passage, summary questions, verbal reasoning, jumbled paragraph, and facts.
- Reasoning Ability Syllabus
These types of questions include blood relations, syllogism, logical sequence, binary logic, Venn diagrams, seating arrangement, series, calendars, cubes, logical connections, clocks, and matrix arrangement.
- Quantitative Ability Syllabus
These questions are based on data interpretation, Number system, HCF, LCM, Percentage, Ratio and Proportion, Profit, Loss and Discount, Time, Speed, Time and Work, Simple and Compound Interest, Probability, Geometry, and Trigonometry.
Tips for Entrance Exams
MBA Preparation: Always study the grammar rules from high school level books. Develop a reading habit. Solve previous year’s question papers to get a deeper understanding of a topic. Watch English movies and read the newspaper to enhance your vocabulary. Solve puzzles that enhance analytical skills, speed, and accuracy. Try to minimize the calculations by using different tricks. Work hard on mental maths. Cover the complete syllabus. Use alternative methods to solve the questions which are accurate and take less time.
Books for MBA Preparation
- Word Power Made Easy by Norman Lewis
- Wiley’s ExamXpert Verbal Ability and Reading Comprehension by Captain AK Kalia
- A Modern Approach to Verbal and Non-Verbal Reasoning by RS Aggarwal
- How to prepare for verbal ability and reading comprehension by Arun Sharma
Top MBA Institutions in India
- Indian Institute of Management, Indore
- Narsee Monjee Institute of Management Studies, Mumbai
- Indian Institute of Management, Ahmedabad
- Xavier School of Management, Jharkhand
- Great Lakes Institute of Management, Chennai
- Indian Institute of Management, Bangalore
- Indian Institute of Foreign Trade, New Delhi
- Indian Institute of Management Technology, Ghaziabad
- Christ (Deemed to be University), Bangalore
- Indian School of Business, Hyderabad
- Indian Institute of Management, Shillong
- Xavier Institute of Management, Bhubaneswar
- Faculty of Management Studies, New Delhi
- Symbiosis Centre for Management and Human Resource Development, Pune
- Management Development Institute, Gurugram
The admission is based on the scores of the CAT exam. There are two types of CAT cutoffs- qualifying and final cutoff. Qualifying cutoffs are announced after the admission whereas final cutoffs are announced after the result.
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Interview Round Tips for MBA Exam Preparation
- Practice more speaking about your accomplishments in front of the mirror.
- Prepare the best two-three points about yourself.
- Try to answer in a limited time.
- Be prepared with convincing answers.
- Eye contact is mandatory during an interview.
- Answer every question confidently.
General Interview Questions
- Why are you applying to our institute?
- Why do you want to do an MBA?
- What are your expectations from MBA?
- Where do you want to ascertain yourself in 10 years?
- What are your greatest strengths?
- Tell me about your biggest weaknesses?
MBA Entrance Exams Abroad
- GMAT- It refers to the Graduate Management Admission Test. This is specifically designed for the students who are interested in MBA. This test checks the aptitude and ability over the knowledge. The scores of GMAT are accepted by countries like India, UK, Australia, Canada, the US, etc.
- GRE – It refers to the Graduate Record Exam. It is an aptitude test for admissions in MBA courses. The results of the test are legitimate for 4 years. There are 5 sections to test your Analytical Writing, Verbal Reasoning, Quantitative Reasoning, Unidentified Unscored Section. The scores are accepted by Canada, Australia, and the US.
- IELTS – It refers to the International English Language Testing System. It has two types, one for academic purposes and the other for general training. The scores of these tests are accepted by most universities worldwide. The score is calculated on the band of 0-9. The 7 is a perfect score to grab admission in top B-schools abroad.
- TOEFL – It refers to the Test of English as a Foreign Language. It is a standardized test to check English language proficiency by evaluating the skills of reading, writing, speaking, and listening. This score is calculated on a scale of 120. It is considered easier as it only tests English skills. It is meant to be a popular test for studying in the U.S.
MBA Preparation: Frequently Asked Questions (FAQs)
- What is the eligibility for MBA?
A student must have scored 50% or more in graduation.
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- Which are the top institutions for MBA other than IIMs?
Indian Institute of Foreign Trade, Jamia Millia Islamia University, Alliance University, Amity University.
- What are top recruiting companies?
The top recruiting multinational companies are McKinsey & Company, Citi Bank, Bank of America, Goldman Sachs, etc.