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Better promises and placements records of last year have pushed up the number of applications for this year’s Common Admission Test (CAT)
As per news report, in the year 2008, 2.76 students applied for the exam but the number went down in 2009 and 2010. A marginal rise was noticed in 2011, but numbers dropped again from 2012. In 2014, there were 1.89 lakh applicants but this year the number has gone to 2.18 lakh, said IIM Ahmedabad which is conducting CAT this year.
"MBA applications mirror the broader economy given that applicants look at the job market before choosing a professional course. Since the 2008 financial crisis due to tighter and uncertain job market, candidates who were not sure of getting into a good institute were not keen to apply for CAT," said Director of marketing and admissions at Great Lakes Institute of Management in Chennai.
"For most aspirants the new IIMs are a confidence boost. Those who used to miss a seat in an IIM by a few ranks will now get into a top management institute," said former director of IIM-Bengaluru, J Philip.
Once these new institutes come up, there will be of 19 IIMs in the country. Each institution has an intake of 140 seats for the MBA programme for which the admissions will be made through CAT.
Coaching institutes too have seen a rise in the number of candidates joining them for the training.
"There is a rise in aspirants joining the centre. There are two sets of aspirants, professionals and students who have completed graduation. Professionals apply only if the market is good,” said director of coaching institute TIME.