The overall registration for The Common Admission Test (CAT)’S overall registration declined even after the Indian Institutes of Management have added 115 more seats this year.
The number of registrations fell close to 9% this year being 1.94 lakh this year as compared to 2.14 lakh in 2012. In the last 5 years, this year the applicants have been found as lowest.
The applicants with having little or no work experience were 68 % last year, and 66% this year.
Experts said that the registrations have got affected due to existing sentiment among graduates that no jobs are on offer in the country, despite a management degree.
Jagdeep Chhokar (Former dean of IIM-Ahmedabad and currently faculty at IIM-Udaipur) told the demand for MBA from reputed college has not gone down, but a general global economic slowdown along with oversupply of unresponsive management education providers may probably have led to less expectations with management education. He also added that more addition of seats and opening new IIM’s could be devaluating IIM MBA.
K Swaminathan (CEO of online management education provider myBskool.com) informed 30% increase has been observed in Online management education enrolment. Roughly 3 lakh students till now enrolled in their mini-MBA course, in the last 9 months.
S Sri Ganesh (founder of coaching institute Dreamchasers) opiniated that B-school fees is raised to now become Rs10-15 lakh for full programme of 2 year. This makes aspirants realize the cost to be too high as compared to the returns, while others take GMAT and pursue management degree in foreign universities.
115 seats more have been added for in IIM this year, now making up to a total of 3,335 seats. The highest number of registration is seen to be from Maharashtra, followed by Uttar Pradesh, Delhi and Andhra Pradesh.
CAT 2013 test is to be held on October 16 till November 11.