Tuesday, 14 April 2015

MBA Aspirants India orientation

The Journey for MBA in India is of the following stages
  • Preparation
  • Competitive Exams
  • Based on your exams scores you will get interview calls from diffferent colleges that you have applied to
  • Group Discussions(GD), Written Ability Test (WAT), Personal Interview (PI)
  • Final Selection and admission formalities.
Following are the competitive Exams
  • CAT
  • XAT
  • GMAT
  • NMAT
  • SNAP
  • CET
  • CMAT
The exams above are in reducing order of Importance. Different B schools accept different test scores. But CAT is the single most important test opening doors to all the IIMs and other top Indian Colleges. So doing well in it takes utmost significance. My answers below are based on the CAT exam which happens in November.

Before I give answers to some FAQs let me set my credibility. I am a 99.51%tiler in CAT 2014. This is despite the fact that my CAT exam was right between an ongoing CA Final exam. I was fortunate to have scored well despite my adversities. I however write this blog so that you all may score even more. You have my best wishes :)

Q.When Should I start preparing for my exams?
A. Ideally you should start your preparation should start in May. Those who havent started need not worry, they can make up for lost time by studying harder.

Q.Should I leave my job for preaparing?
A. No. Definitely not. Leaving your job not just reduces your pay-cheques, but also reduces the amount of work experience that you may gain which is given due importance in the B school interviews later. It is also very difficult to justify to the interviewers, why you left your job so early...
So, if you are working, you may take a weekend batch of MBA institute and continue working side by side.

Q.Should I do classes?
A. I believe that classes do help a lot in preparations. Exams should be given with a solid strategy where the role of your professors becomes important in shaping a strategy for you. However, join a class which has smaller batch size and where professors are approachable. It will be helpful not just in exam preps, but also college form filling, interview preps, GD preps, Written Test preps, counselling, etc. MBA is a degree where the college you do it from makes a HUGE difference on your professional life ahead. So I recommend, that you should take it seriously.

Q. How to go about studies?
A. You should do conceptual learning for the first 2-3 months. Get deep into the concepts and try developing tricks/ shortcuts. A lot of shortcuts will be given by the classes too. 
Step 2- Start giving mock test papers. There are a lot of sites online where you can give tests.e.g. CareerLauncher , TestFunda, TYConline, etc. Classes also arrange for a no. of mocks.
After every paper it is equally important to spend 5 hrs analysing your performance- where you went wrong? Where did you spend excessive time? What topics have you performed well? What topics need more brush up? How to solve those questions that you werent able to answer? etc
Step 3- Identify strengths and weakness areas. Ans your weakness areas in the last. Constantly keep moulding your strategy and try different strategy to know whats best for you. Side by side, revise the concepts where you feel you are weak. There are a lot of blogs written on CAT exam strategy, you may try all you think are feasible for you and zero in on one of them.

Q. What material to refer to for studies?
A. If you are going to classes, definitely do your classes material. If you arent, take any classes material from your friends and study.

Q. Anything apart from that?
A. Yes. In the interviews, importance is also given to extra curriculars. So you may pursue your hobbies side by side. Try developing them further. Take part in competitions. Prefarably have something to show for like some certificates.(if not then some photos)
Social work is also great for your resume which will  help you in interview stages. However, do it only if you have the intentions for it. If you are doing it just for the sake of it, the interviewers will mostly see through.
Last but not the least, stay updated with current affairs. Read newspapers daily. If not the details, at least go through the headlines. Know whats happening.

If you felt that this blog was helpful, do +1 it. Also share it to people whom you think might benefit from it. If you want me to post any additional material- do write in the comments.


IIM Indore

WAT- 

"Religion should be a private matter. It shouldn't be taken out in the public arena"

Personal Interview


Tell me something about urself
why MBA ...CA is respectable?
Why not a specialized finance course? Name some specialized courses.
Why not NMIMS?
How do you Depreciate a vehicle?
what about a gun?
But its value increases with time..
Name other things whose value increases with time
what is the study of coins called?
Tell me about this Positivity Process...Questions on it
i am playing devil's advocate but I want ur view on the motive behind doing it: is it for the society and ur resume or to cover ur guilt
If there is one projected cash flows ...how many IRRs can you have?
Show us a demo using notional figures....
make an equation ....what sort of an equation is it?
If it is a cubic equation it should have 3 ans naa...
Do you know about take back wall street? Sub prime crisis?
Do you know about Arthur Anderson?
Is there a company associated with Arthur Anderson in India?
Do you know about the role of investment bankers in the sub prime crisis?
what happened in the sub prime crisis.?
if there was so much money circulating in the market how was there no inflation?

IIM Kozhikode

GD & WAT-

Make in India or Made in India

Personal Interview

Tell me something about yourself
why MBA?
Cant u already do it
Shouldnt you join politics?
In investment banking you won't b able to do social work
Why is it called equity markets?
What rights do they have?
Is there a way to find out the no of shareholders?
How is the Sensex calculated
How is CPI calculated.?
housing and food are both a part of the commodities...how do u bring them to scale?
What about General Knowledge? How is your GK?
Which topic are you comfortable talking abt?
Who is the PM of Greece?
Which Party?
Who is the FM?
What are his views?
Who are the Troika
Which book did u read last?
Some tricky questions on Mean and SD
What is a quadratic equation? how many solutions?
In an equations if there is one unknown can u find a unique solution?

IIM Calcutta

WAT- 

cities should be allowed to expand only up to a certain limit otherwise it causes congestion and strain on resources. What measures would you take to monitor the growth of the city? How would you implement the same?

Personal Interview

U have already done CA ...why mba?
How much would you be earning as a CA after 2 years?
What do you mean by a front end investment banking job?
what are the factors you would consider apart from financial variables in a m&a
most of the m&a fail..the investment banks are in trouble...y would u want to join that
what determines the success of a m&a
Tata took over jaguar..was that a success?
What is the highest grossing tata company?
Why does it do better than Infosys?
coming back to negotiation...What skills should a good Negotiator possess?
Wont a negotiator require good convincing skills too?
While convincing would you look from your point of view or the other's point of view?
Lets talk abt studies...heard of a balance sheet( he came late and dint read CA in my profile)
Why is it called a balance sheet?
If my goods got destroyed by fire on 31st march...and I saw it on 1st Jan..what entry would I pass? When? If I had an insurer?
As on 31st B/S wouldnt be tallied....
U r talking abt profit and I m talking of balance sheet..
So it would be tallied?Where would the profit be reduced..equity?
What are your hobbies?
What sort of songs?
where have you given performances? ( brovo...I got a chance to speak about the Positivity project)
Any questions?

MDI Gurgaon


Personal Interview

Tell me something about yourselfIf you start mba , social programs will stop?
Why volunteering just from 5 months
What are debentures?
Can debentures be equity?
Why MBA after CA?
U can get into investment banking even right now?
Thought about entrepreneurship?
Can I alone start a company?
Why is it a new concept ? There are already one man companies- Sonia Gandhi, arvind kejriwal, mulayam Singh
What is the difference between political party and company?
How do you think you did in your GD?
What is your CAT %tile?
What calls have you got?
Why not Bangalore?
What is the difference between public enterprise and public sector company?
Is railways a public enterprise or a public sector co.
Is it a dept?

NMIMS

GD- 

Why don't Indians invest in Equities? 13% inv as opposed to global average of 26% . CD was civilized. I summarized wonderfully :B


PI


So u believe in clarity in communication?
Would you say u have no experience
Tell me about the underprivileged teaching and the project
What inspired you to do so?
So you are a Mumbai boy..through and through...? Love it?
Name 3 investment banks in India
What hobbies do u have?
What kind of songs?
What sports do u play?
So you are a CA .Why MBA?
Why are u wearing a white shirt?
Why do you need to be pure from the outside if you are pure from the inside?
Do you do a lot of things without reason?
Isn't u loving it reason enough?
It was a pleasure talking to u.

S.P Jain

WAT

What do you think is an appropriate age to enable a person to drink/smoke, drive, marry and vote?


Group PI

Tell me something about yourself...
Why MBA in marketing?
What is marketing to you?
Sell this bottle to me
Why are bottles selling same water packaged differently?
Hw does market differentiation work in the steel industry?
Inflation is based on which index- open ended question
How does reduction in repo rate affect the economy?- open ended
How did AAP use the game theory?- open ended
Any questions from your side?