MBA CAT Videos

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As part of our ongoing initiative to reach out to students and provide them with 24×7 support and guidance, we have compiled all our videos (on CAT preparation) on YouTube and made them available in a new free-to-use and easy-to-browse website.

This is an online repository of video explanations of important questions from the various Mock CATs. It is a free resource and you should be able to browse through by simply clicking on the appropriate section and topic links given on the left of the website.

CAT takers can browse through the videos by first choosing the section of the paper (on the left of the website) and then subsequently the topic and the particular Mock CAT. More videos will be added on a regular basis.

Do visit http://mbacatvideos.careerlauncher.com and let us know what you think.

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What do IIMs do with CAT solutions?

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A RTI battle is now on between the Indian Institutes of Management (IIMs)and their famous alumnus over lifting the veil of secrecy on CAT solutions.

Gautam Puri, an IIM-B alumnus and MD of Career Launcher, filed an application under the RTI Act seeking solutions to all questions of English section of CAT 2006 after being convinced that some answer keys published by IIMs were incorrect.

CAT group, comprising chairpersons of all IIMs, refused to part with the information stating that all CAT-related documents, except question paper and answer keys are destroyed for security reasons.

Following an appeal, the Central Information Commission (CIC), in the interest of transparency, directed IIMs to “provide a copy of guidelines, rules, regulations, bye-laws etc., for destroying the papers like minutes of discussion between the experts, consensus of experts” by August 10. Three months on, IIMs haven’t complied with the CIC orders.

Puri, whose institute closely scrutinises the CAT papers every year, argues that though there are several instances where answer keys have been wrong but there is no provision to challenge them. “I have personally found cases where answer keys to subjective questions are incorrect, but IIMs refuse to give out the solutions,” he said. Puri said that if the “IIMs say that a particular option is the correct answer, they also ought to say why other options are incorrect”. “There are instances where the whole CAT coaching industry, if I may use that word, is on one side and the IIMs are on the other side over answer keys,” Puri told to this website’s newspaper.

Following CIC’s orders, Subhashish Gupta, chairperson (admission), IIM-B declared in an affidavit on August 7: “It has been the standard practice to destroy any written material after the composition of the CAT for security reasons. No rough work or solutions of test items are retained. Only a computer file of the test and the answer key is retained. As far as I am aware and to the best of my knowledge this has been the standard practice ever since CAT has been administered. I have not been able to find any written record of this practice.” Puri now plans to move the CIC to direct IIMs to start maintaining the documents relating to CAT solutions. Under section 19(8)(a) of the RTI, the CIC has powers to direct a public authority to take steps to make “necessary changes to its practices in relation to the maintenance, management and destruction of records.”

Source: Express Buzz

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Slog overs begin for IIM aspirants

PDP No Comments »

With barely a week left for one of the toughest entrance tests in the country — Common Admission Test (CAT) — preparation by prospective IIMers is peaking. This is, after all, an exam where serendipity has a limited role to play, with methodical planning and intense preparation being everything.

Expectedly, candidates are burning the midnight oil. A majority of the 2.76 lakh taking the exam are spending a good “three to four hours” a day preparing, with additional hours put in during weekends. A few brave souls are striving for a semblance of normalcy in these stressful days by taking some time out for themselves — going out with friends for a movie or to a restaurant.

For a majority of candidates, this will be the first brush with the famed test. For others like Ankit Kumar, a software engineer with a private firm, a second attempt.

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The MBA after the ABM

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A milestone in the progress of management education in India is the Report of the IIM Review Committee. The fact that the last review took place at least 15 years ago and the eminence of the committee itself add to its lustre. Among its recommendations reported in the press are the restoration to centre stage of the main course and the strengthening of academic research. These are farsighted suggestions and hopefully will be pursued wholeheartedly at IIMs. Nevertheless, it is not known whether the report has said much about the contents of the course itself. For the uninitiated, though the latter is widely referred to as the MBA, or master’s in business administration, the IIMs themselves see it as the postgraduate diploma in management. “Diploma”, as only universities in India are entitled to offer degrees, and “management”, as it was astutely assessed in the India of the early 1960s that management education encompassed more than just the prospects of business.

There is some reason to be concerned that since then, the MBA has metamorphosed into purveying what the management consultant John Kay has termed ABM, short for the American Business Model. In his The Truth About Markets, Kay identified four features of the ABM, namely, the premise that self-interest rules, the adherence to market fundamentalism, the recommendation of a minimal state and the desirability of low taxation.

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Proximity is key to raking it in

Fun & Inspirational 1 Comment »

Why do schoolteachers get paid a pittance and bankers get million dollar severances? Why do IIM graduates get higher starting salaries than the salaries earned after 20 years of teaching by the very professors who taught them and made them worthy of being hired in the first place? Will bankers now earn less given that their irresponsibility has landed the entire world in a financial crisis without parallel?

The answer to the first two questions is not easy, but we all know the answer to the third. Bankers will continue to earn in figures beyond the comprehension of most normal people, even if their culpability in the present situation is without question. What is more, they will receive bailouts from the rest of the tax payers so that they can continue to earn their stratospheric commissions. Market forces work very well, except when it comes to the market itself, it would seem.

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