Click to play videoNew Delhi: November is that time of the year when millions of students take the Common Admission Test (CAT) for entrance into country’s premier business school — the Indian Institute of Management (IIM).
This year the recession seems to have given a boost to the number of enrollments. The slowdown that hit the US economy has also created fears of a ripple effect back home.
For Apurv Gupta, who works for a KPO, increments were drying up and possibilities of growth looked dismal. That was reason enough for the 24 year old to take a step back and write the CAT.
“Earlier my increment used to about 20 to 30 per cent, but this time around it was merely 10 per cent,” Apurv says.
It's this downward curve that Apurv wanted to be insulated from.
“I thought this was the time that I could upgrade my skill set. Hopefully, the economy will revive till the time I finish my course,” Apurv adds.
Last year, IIM Bangalore topped the list of B-schools with maximum placements with investment banks and a whopping 40 per cent of its students getting into financial sectors
But despite the apprehensions of the graduating batch, analysts say writing the CAT during the economic downturn is a safe bet.
“The movement is when there is a recession. People think it's a good time to insulate themselves and take break to study and go back when the curve goes up,” Director, IMS, Ritesh Hemrajani says.
From fantastic placements and fat pay packages to fears of job cuts across industries, it's a transition everyone is witnessing right now, but despite the global gloom the three lakh people aspiring to crack the CAT this year are hoping the recessionary curve will look up by the time they pass out.
(For updates you can share with your friends, follow IBNLive on Facebook, Twitter and Google+)
 |
 |
 |
|
displayed with permission. Use of the CNN name and/or logo on or as part of CNN-IBN does not derogate from the intellectual property rights of Cable News Network in respect of them.