Supreme Court grants B-schools interim stay against AICTE
On March 17, the honourable Supreme Court of India, hearing the writ petition filed by EPSI, AIMS and group of PGDM institutions, has granted interim stay against the AICTE notification that was issued on Dec, 2010.
The matter was heard by honourable judges of the Supreme Court on Thursday, 17 March 2011.
On March 17, the honourable Supreme Court of India, hearing the writ petition filed by EPSI, AIMS and Group of PGDM institutions, has granted interim stay against the AICTE notification that was issued on Dec, 2010.
This verdict is a big relief to the B-schools as they can now use any of the nationally recognized entrance tests like CAT & MAT for the admissions to the 2011-13 batch. The B-schools are also free to conduct their own GD-PI for admissions to the 2011-13 batch.
The matter was heard by honourable judges of the Supreme Court on Thursday, 17 March 2011.
The judgment will smoothen the admission process for more than 500 management institutes including the likes of XLRI, MDI, IMT, TA PAI Manipal, BIMTECH, Welingkar, KJ Somaiya.
MBAUniverse.com was the first news portal in the country to break the news of this important development.
On December 28, 2010, AICTE issued ‘provisions’ for regulating the PGDM courses in the country. In eight points, the notification called for much greater role of respective State Governments in running of B-schools, and had many provisions covering almost every aspect of running a management institute – from admissions to fee-structure, to curriculum design and disallowing the globally successful one-year MBA program to run in the country.
Across the country, management education fraternity were irked that government had issued an important notification apparently without any discussions or consultation with B-schools & other stakeholders.
Thursday, 17 March 2011
Prepare for IIFT 2011: Know the key trends and past 5 year paper analysis
Prepare for IIFT 2011: Know the key trends & past 5 year paper analysis
The Indian Institute of Foreign Trade, IIFT, is amongst the most prestigious B-Schools in India. IIFT organizes its own written test for admissions, which is known as IIFT Entrance examination.
IIFT is a paper pencil based test. It covers the sections of Verbal Ability, General Knowledge & Awareness, Logical Reasoning and Quantitative Analysis.
The Indian Institute of Foreign Trade, IIFT, is amongst the most prestigious B-Schools in India. IIFT organizes its own written test for admissions, which is known as IIFT Entrance examination. IIFT Entrance Test takes place usually in the month of November every year. IIFT is a paper pencil based test of two hours duration. It covers the sections of Verbal Ability, General Knowledge & Awareness, Logical Reasoning and Quantitative Analysis.
IIFT surprises the aspirants with a varied number of questions every year.
Analysis: IIFT over the past 5 years
Year
Sections
No. of Questions
Difficulty Level
2006
Verbal Ability
Quantitative Ability
Data Interpretation
General Awareness
106
Moderate-Difficult
2007
Verbal Ability
Quantitative Ability and Data Interpretation
Logical Reasoning and Decision Making
General Awareness
150
Moderate-Difficult
2008
Reasoning & Business Decision Making
Quantitative
Data Interpretation
Reading Comprehension
Verbal Ability
General Knowledge
150
Difficult
2009
Data Interpretation and Logical Reasoning
General Knowledge and Current Affairs
Quantitative Aptitude
Verbal Ability
122
Moderate
2010
Quantitative Ability
Verbal Ability
Logic & Data Interpretation
General Knowledge
135
Moderate-Difficult
Analysis: IIFT 2010
IIFT 2010 was held on Sunday, November 28, 2010. The test brought with it an increased number of questions, as compared to last year. The number of questions was 135. Last year, the number of questions was 122. The duration of the paper was two hours. No sectional cut off was mentioned in the paper. The paper was lengthy and the Quantitative Ability and Data Interpretation & Logical Reasoning section questions were lengthy.
IIFT Eligibility
The aspirants looking forward for IIFT should have a Bachelor’s degree of minimum 3 years’ duration in any discipline from a recognized University. Candidates appearing for their final year exam can also apply.
IIFT Application Process
The application process of IIFT generally starts from the month of August each year and ends in the month of September each year.
Candidates can apply online and can also download the application form from the institute’s website.
The Indian Institute of Foreign Trade, IIFT, is amongst the most prestigious B-Schools in India. IIFT organizes its own written test for admissions, which is known as IIFT Entrance examination.
IIFT is a paper pencil based test. It covers the sections of Verbal Ability, General Knowledge & Awareness, Logical Reasoning and Quantitative Analysis.
The Indian Institute of Foreign Trade, IIFT, is amongst the most prestigious B-Schools in India. IIFT organizes its own written test for admissions, which is known as IIFT Entrance examination. IIFT Entrance Test takes place usually in the month of November every year. IIFT is a paper pencil based test of two hours duration. It covers the sections of Verbal Ability, General Knowledge & Awareness, Logical Reasoning and Quantitative Analysis.
IIFT surprises the aspirants with a varied number of questions every year.
Analysis: IIFT over the past 5 years
Year
Sections
No. of Questions
Difficulty Level
2006
Verbal Ability
Quantitative Ability
Data Interpretation
General Awareness
106
Moderate-Difficult
2007
Verbal Ability
Quantitative Ability and Data Interpretation
Logical Reasoning and Decision Making
General Awareness
150
Moderate-Difficult
2008
Reasoning & Business Decision Making
Quantitative
Data Interpretation
Reading Comprehension
Verbal Ability
General Knowledge
150
Difficult
2009
Data Interpretation and Logical Reasoning
General Knowledge and Current Affairs
Quantitative Aptitude
Verbal Ability
122
Moderate
2010
Quantitative Ability
Verbal Ability
Logic & Data Interpretation
General Knowledge
135
Moderate-Difficult
Analysis: IIFT 2010
IIFT 2010 was held on Sunday, November 28, 2010. The test brought with it an increased number of questions, as compared to last year. The number of questions was 135. Last year, the number of questions was 122. The duration of the paper was two hours. No sectional cut off was mentioned in the paper. The paper was lengthy and the Quantitative Ability and Data Interpretation & Logical Reasoning section questions were lengthy.
IIFT Eligibility
The aspirants looking forward for IIFT should have a Bachelor’s degree of minimum 3 years’ duration in any discipline from a recognized University. Candidates appearing for their final year exam can also apply.
IIFT Application Process
The application process of IIFT generally starts from the month of August each year and ends in the month of September each year.
Candidates can apply online and can also download the application form from the institute’s website.
MBA Placements 2011: Average domestic salary witnesses upturn across B-schools
MBA Placements 2011: Average domestic salary witnesses upturn across B-schools
The average salary figures have risen this year across all leading B-schools, representing the good performance of Indian companies and a bright future outlook.
The year 2011 final placements have given many reasons to the MBA students to cheer. Not only the students have been offered their dream profiles by leading companies of India and abroad, but have also got far better pay packages compared to what the students of year 2010 final placements got.
The placements at most of the leading B-schools have ended. MBAUniverse.com brings to you how some of the leading B-schools have performed vis a vis salary. For this we look at the Average Domestic Salary figures of IIMs and other B-school. These B-schools have shared their placements 2011 data with MBAUniverse.com.
The average salary figures have risen this year across all leading B-schools, representing the good performance of Indian companies and a bright future outlook.
IIM Indore: In terms of compensation, the average package this year has increased by 27% over last year. The highest domestic compensation offered was Rs. 32 lakhs per annum which was made by an Investment Bank. The top 12% of the class of 2011, regarded as being amongst the best management talent in the nation, secured offers on campus in excess of Rs. 20 lakhs per annum. Further, more than half the batch secured offers in the range of Rs. 14-18 lakhs per annum.
IIM Kozhikode: The salaries offered for domestic roles increased by an average of about 30%.
IIFT: IIFT has recorded an increase of more than 10% in the average domestic salary. The average salary is Rs. 11.6 lakhs per annum.
XLRI: The average domestic package stood at Rs. 15.8 lakhs per annum, a rise of close to 12% over last year’s figure. The median figure for the domestic salary is Rs. 14.7 lakhs per annum. The highest domestic package was Rs. 23 lakhs per annum.
FMS Delhi: Average domestic salary of total offers is Rs. 15.4 lakh per annum. Rise of 18% compared to last year.
SPJIMR: The average salary increased by 27% to Rs. 14.07 lakhs per annum from Rs. 11 lakhs per annum last year, with the highest domestic offer of Rs. 23 lakhs per annum.
XIMB: The batch of 2011 saw an average salary of Rs.10.76 lakhs per annum, which is a marginal rise from last year’s average salary figure. The median salary stood at Rs.10.3 lakhs per annum.
All the GD-PI call getters who think that they will be facing problems of plenty after the final selection list is put up by the B-schools, they can look at the above salary figures to pick their right B-school.
The average salary figures have risen this year across all leading B-schools, representing the good performance of Indian companies and a bright future outlook.
The year 2011 final placements have given many reasons to the MBA students to cheer. Not only the students have been offered their dream profiles by leading companies of India and abroad, but have also got far better pay packages compared to what the students of year 2010 final placements got.
The placements at most of the leading B-schools have ended. MBAUniverse.com brings to you how some of the leading B-schools have performed vis a vis salary. For this we look at the Average Domestic Salary figures of IIMs and other B-school. These B-schools have shared their placements 2011 data with MBAUniverse.com.
The average salary figures have risen this year across all leading B-schools, representing the good performance of Indian companies and a bright future outlook.
IIM Indore: In terms of compensation, the average package this year has increased by 27% over last year. The highest domestic compensation offered was Rs. 32 lakhs per annum which was made by an Investment Bank. The top 12% of the class of 2011, regarded as being amongst the best management talent in the nation, secured offers on campus in excess of Rs. 20 lakhs per annum. Further, more than half the batch secured offers in the range of Rs. 14-18 lakhs per annum.
IIM Kozhikode: The salaries offered for domestic roles increased by an average of about 30%.
IIFT: IIFT has recorded an increase of more than 10% in the average domestic salary. The average salary is Rs. 11.6 lakhs per annum.
XLRI: The average domestic package stood at Rs. 15.8 lakhs per annum, a rise of close to 12% over last year’s figure. The median figure for the domestic salary is Rs. 14.7 lakhs per annum. The highest domestic package was Rs. 23 lakhs per annum.
FMS Delhi: Average domestic salary of total offers is Rs. 15.4 lakh per annum. Rise of 18% compared to last year.
SPJIMR: The average salary increased by 27% to Rs. 14.07 lakhs per annum from Rs. 11 lakhs per annum last year, with the highest domestic offer of Rs. 23 lakhs per annum.
XIMB: The batch of 2011 saw an average salary of Rs.10.76 lakhs per annum, which is a marginal rise from last year’s average salary figure. The median salary stood at Rs.10.3 lakhs per annum.
All the GD-PI call getters who think that they will be facing problems of plenty after the final selection list is put up by the B-schools, they can look at the above salary figures to pick their right B-school.
Guide to FMS Entrance Exam Know the facts and paper analysis of last 5 years
Guide to FMS Entrance Exam: Know the facts & paper analysis of last 5 years
FMS Delhi conducts its own independent entrance exam for admissions to its 2 year MBA programs. MBAUniverse.com presents to you all about this exam so that you prepare in the right direction for achieving success.
Given the large number of questions in the paper, selection of questions and accuracy is more important than attempting a large number of questions.
Faculty of Management Studies, University of Delhi, is often rated amongst the top 10 B-schools of India. Popularly known as FMS Delhi, the B-school is without doubt one of the finest B-schools of the country.
FMS Delhi conducts its own independent entrance exam for admissions to its 2 year MBA programs. MBAUniverse.com presents to you all about this exam so that you prepare in the right direction for achieving success.
The different sections of the exam are: Quantitative ability, Verbal ability, English comprehension, Analytical ability & Logical Reasoning. The questions need to be attempted within two hour duration.
Analysis: The Exam in Last 5 years
Year
Sections
No. of Questions
Difficulty Level
2007
Quantitative Ability
Verbal Ability
English Comprehension
Analytical Ability & Logical Reasoning
175
Moderate - Difficult
2008
Quantitative Ability
Verbal Ability
English Comprehension
Analytical Ability & Logical Reasoning
175
Moderate- Difficult
2009 Quantitative Ability
Verbal Ability
English Comprehension
Analytical Ability & Logical Reasoning
175
Moderate- Difficult
2010 Quantitative Ability
Verbal Ability
English Comprehension
Analytical Ability & Logical Reasoning
200
Moderate- Difficult
2011 Quantitative Ability
Verbal Ability
English Comprehension
Analytical Ability & Logical Reasoning
200
Moderate- Difficult
FMS 2011: Analysis
FMS 2011 (for admission to 201-13 batch) maintained the number of questions at 200, with four sections in all. There were 50 questions in each section.
There were four sections with 50 questions in each section. Given the large number of questions in the paper, selection of questions and accuracy was more important than attempting a large number of questions. Since the sectional cut-off was set at 50 percentile, it made sense to maximize scores by concentrating on strong sections, after clearing the minimum cutoffs.
FMS Eligibility
Candidates should have pursued at least a 3-year Bachelor's Degree Programme after 12 years of formal schooling. The minimum requisite percentage of marks in different disciplines is as follows :- Arts, Commerce or Social Sciences - 50%, Sciences - 55%, Mathematics or Statistics - 60%, Medicine, Engineering or Technology - 60% / CGPA of at least 6.00 in a scale of 10.00
OR
Post Graduate Degree or 2nd Degree examination after 10+2+3 scheme, securing at least 60% marks. Candidates appearing for the final examination of Bachelor's / Post Graduate Degree examinations can also apply.
Important Dates
The examination advertisement is generally published in August and the application process usually ends in November. The FMS Entrance exam takes place in the months of December or January every year. FMS 2011 was held on Sunday, December 5, 2011.
FMS Delhi conducts its own independent entrance exam for admissions to its 2 year MBA programs. MBAUniverse.com presents to you all about this exam so that you prepare in the right direction for achieving success.
Given the large number of questions in the paper, selection of questions and accuracy is more important than attempting a large number of questions.
Faculty of Management Studies, University of Delhi, is often rated amongst the top 10 B-schools of India. Popularly known as FMS Delhi, the B-school is without doubt one of the finest B-schools of the country.
FMS Delhi conducts its own independent entrance exam for admissions to its 2 year MBA programs. MBAUniverse.com presents to you all about this exam so that you prepare in the right direction for achieving success.
The different sections of the exam are: Quantitative ability, Verbal ability, English comprehension, Analytical ability & Logical Reasoning. The questions need to be attempted within two hour duration.
Analysis: The Exam in Last 5 years
Year
Sections
No. of Questions
Difficulty Level
2007
Quantitative Ability
Verbal Ability
English Comprehension
Analytical Ability & Logical Reasoning
175
Moderate - Difficult
2008
Quantitative Ability
Verbal Ability
English Comprehension
Analytical Ability & Logical Reasoning
175
Moderate- Difficult
2009 Quantitative Ability
Verbal Ability
English Comprehension
Analytical Ability & Logical Reasoning
175
Moderate- Difficult
2010 Quantitative Ability
Verbal Ability
English Comprehension
Analytical Ability & Logical Reasoning
200
Moderate- Difficult
2011 Quantitative Ability
Verbal Ability
English Comprehension
Analytical Ability & Logical Reasoning
200
Moderate- Difficult
FMS 2011: Analysis
FMS 2011 (for admission to 201-13 batch) maintained the number of questions at 200, with four sections in all. There were 50 questions in each section.
There were four sections with 50 questions in each section. Given the large number of questions in the paper, selection of questions and accuracy was more important than attempting a large number of questions. Since the sectional cut-off was set at 50 percentile, it made sense to maximize scores by concentrating on strong sections, after clearing the minimum cutoffs.
FMS Eligibility
Candidates should have pursued at least a 3-year Bachelor's Degree Programme after 12 years of formal schooling. The minimum requisite percentage of marks in different disciplines is as follows :- Arts, Commerce or Social Sciences - 50%, Sciences - 55%, Mathematics or Statistics - 60%, Medicine, Engineering or Technology - 60% / CGPA of at least 6.00 in a scale of 10.00
OR
Post Graduate Degree or 2nd Degree examination after 10+2+3 scheme, securing at least 60% marks. Candidates appearing for the final examination of Bachelor's / Post Graduate Degree examinations can also apply.
Important Dates
The examination advertisement is generally published in August and the application process usually ends in November. The FMS Entrance exam takes place in the months of December or January every year. FMS 2011 was held on Sunday, December 5, 2011.
CAT 2011: Prep tips for the MBA aspirants who are working
CAT 2011: Prep tips for the MBA aspirants who are working
MBA is a holistic discipline which can be studied by anybody from any back ground under the sun. Even people with medical background are keen to pursue MBA, as they feel that it completes their qualification.
You can prepare the schedule on the basis of your work timings. If you spend the day in office, you have to devote the evening and part of the night preparing for CAT 2011.
MBA is a holistic discipline which can be studied by anybody from any back ground under the sun. Even people with medical background are keen to pursue MBA, as they feel that it completes their qualification.
Like fresh graduates, working professionals too take CAT and other MBA entrance exam for the quest of obtaining the most coveted MBA degree. But CAT preparation is much of a balancing act for the MBA aspirants, whether they are students, fresh graduates or working professionals. This article of MBAUniverse.com is dedicated to the working professionals who are planning to take CAT 2011.
Following are the suggestions for you, which you should follow before or while preparing for CAT 2011.
Judge your preparation level
Taking a diagnostic test is the best strategy to start for any category of CAT aspirants. If you are a working professional, you will not only know which section is your strength and which one is your weakness, but will also know how much more preparation you need to do for getting through one of the top B Schools and hence plan for the timing.
“You can take one of previous year’s CAT papers which are available on the net. Based on the score that you get you will know exactly the gap that you need top fill area-wise,” says Gejo Sreenivasan, Principal Consultant, Career Launcher.
Prepare a schedule
Here you should strike a balance between your work and preparation hours. If you are not planning to quit your job for CAT preparation, then you should equally serve the responsibilities of your organization, for which you are working.
You can prepare the schedule on the basis of your work timings. If you spend the day in office, you have to devote the evening and part of the night preparing for CAT 2011.
“I used to keep the evenings for my preparation. If sometimes I got late from work, I made it a point to wake up early in the morning to make up my preparation. If you are determined enough, you should never compromise on your daily preparation,” says Tanu Singh, a second year student of IIM Ahmedabad who was a working professional.
“Create a schedule and then take a 30-day challenge where you will stick to the plan for the first 30 days. Once you do that, it will become a habit,” Sreenivasan mentions.
Divide time between preparation and mock tests
As you know, preparing for CAT is not only about studying the theories hard, but also to take regular mock tests and analyze your preparation. If you have kept six to four months for your preparation, then divide the time equally between the basic preparation of the three sections namely Quantitative Ability, Verbal Ability and Data Interpretation & Logical Reasoning. After which you should take mock tests and analyze them.
“Prepare a schedule in such a way that you spend three months for building all the concepts and fundamentals of the areas tested in the CAT viz., Quant, Verbal and DI. The last three months can be used to take mock tests. Ideally you will need to put in around two to three hours every day for the preparation,” suggests Sreenivasan.
Enroll in an MBA coaching institute through correspondence
While treading a long and tough path, guidance always helps. To add boost to your preparation, as well as to check your preparation level, you can always seek help of an MBA coaching institute. Being a working professional, it will not be convenient for you to join the full time class room program. So the best way is to enroll in the MBA coaching institutes through correspondence.
“Enroll for a distance learning course of CAT, ideally one which also has good online support,” Sreenivasan advises.
“The MBA coaching institutes also offer test series. You can go for the mock tests and test series that are held during weekends, without hampering your work schedule. Moreover, owing to the fact that CAT is now a computer based test, many of the MBA coaching institutes offer computer based tests which can be taken from anywhere,” added Sreenivasan.
Utilize the idle moments at work place for CAT 2011 preparation
It is not possible that you spend your entire hours of a day in office working. You do find out a moment or two for relaxing and chilling out. If you are a serious CAT aspirant, you can utilize these moments for some preparation which does not toil your brain much. For example, you can browse through online dictionary learning new words and their meanings, synonyms etc. You can also glance at the online study materials, solve a question or two, and solve some puzzles on Sudoku, Crossword etc which will eventually help you in Verbal Ability and Data Interpretation and Logical Reasoning sections.
MBA is a holistic discipline which can be studied by anybody from any back ground under the sun. Even people with medical background are keen to pursue MBA, as they feel that it completes their qualification.
You can prepare the schedule on the basis of your work timings. If you spend the day in office, you have to devote the evening and part of the night preparing for CAT 2011.
MBA is a holistic discipline which can be studied by anybody from any back ground under the sun. Even people with medical background are keen to pursue MBA, as they feel that it completes their qualification.
Like fresh graduates, working professionals too take CAT and other MBA entrance exam for the quest of obtaining the most coveted MBA degree. But CAT preparation is much of a balancing act for the MBA aspirants, whether they are students, fresh graduates or working professionals. This article of MBAUniverse.com is dedicated to the working professionals who are planning to take CAT 2011.
Following are the suggestions for you, which you should follow before or while preparing for CAT 2011.
Judge your preparation level
Taking a diagnostic test is the best strategy to start for any category of CAT aspirants. If you are a working professional, you will not only know which section is your strength and which one is your weakness, but will also know how much more preparation you need to do for getting through one of the top B Schools and hence plan for the timing.
“You can take one of previous year’s CAT papers which are available on the net. Based on the score that you get you will know exactly the gap that you need top fill area-wise,” says Gejo Sreenivasan, Principal Consultant, Career Launcher.
Prepare a schedule
Here you should strike a balance between your work and preparation hours. If you are not planning to quit your job for CAT preparation, then you should equally serve the responsibilities of your organization, for which you are working.
You can prepare the schedule on the basis of your work timings. If you spend the day in office, you have to devote the evening and part of the night preparing for CAT 2011.
“I used to keep the evenings for my preparation. If sometimes I got late from work, I made it a point to wake up early in the morning to make up my preparation. If you are determined enough, you should never compromise on your daily preparation,” says Tanu Singh, a second year student of IIM Ahmedabad who was a working professional.
“Create a schedule and then take a 30-day challenge where you will stick to the plan for the first 30 days. Once you do that, it will become a habit,” Sreenivasan mentions.
Divide time between preparation and mock tests
As you know, preparing for CAT is not only about studying the theories hard, but also to take regular mock tests and analyze your preparation. If you have kept six to four months for your preparation, then divide the time equally between the basic preparation of the three sections namely Quantitative Ability, Verbal Ability and Data Interpretation & Logical Reasoning. After which you should take mock tests and analyze them.
“Prepare a schedule in such a way that you spend three months for building all the concepts and fundamentals of the areas tested in the CAT viz., Quant, Verbal and DI. The last three months can be used to take mock tests. Ideally you will need to put in around two to three hours every day for the preparation,” suggests Sreenivasan.
Enroll in an MBA coaching institute through correspondence
While treading a long and tough path, guidance always helps. To add boost to your preparation, as well as to check your preparation level, you can always seek help of an MBA coaching institute. Being a working professional, it will not be convenient for you to join the full time class room program. So the best way is to enroll in the MBA coaching institutes through correspondence.
“Enroll for a distance learning course of CAT, ideally one which also has good online support,” Sreenivasan advises.
“The MBA coaching institutes also offer test series. You can go for the mock tests and test series that are held during weekends, without hampering your work schedule. Moreover, owing to the fact that CAT is now a computer based test, many of the MBA coaching institutes offer computer based tests which can be taken from anywhere,” added Sreenivasan.
Utilize the idle moments at work place for CAT 2011 preparation
It is not possible that you spend your entire hours of a day in office working. You do find out a moment or two for relaxing and chilling out. If you are a serious CAT aspirant, you can utilize these moments for some preparation which does not toil your brain much. For example, you can browse through online dictionary learning new words and their meanings, synonyms etc. You can also glance at the online study materials, solve a question or two, and solve some puzzles on Sudoku, Crossword etc which will eventually help you in Verbal Ability and Data Interpretation and Logical Reasoning sections.
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