Why CAT Exam? Know all the benefits of CAT Exam PDF Download

Getting ahead in one's career in the competitive environment of today requires more than just an undergraduate degree. An MBA is essential if one wishes to ascend the corporate ladder in any field. To gain admission to an Indian Institute of Management (IIM) which are widely considered the best business schools in the country, one must pass the CAT Exam in order to receive a Masters in Business Administration Degree.

Common Admission Test (CAT) is the entrance exam for aspiring candidates who desire to make a career in management and business administration i.e. MBA. 

Why CAT Exam is Important?

• For those who are currently undergraduates, the prospect of enrolling in a Postgraduate Management Programme at one of the top universities, such as the Indian Institute of Management, may be very appealing. 
• In order to do so, though, one must demonstrate a higher level of academics than the average applicant. 
• A successful performance on the Common Admission Test (CAT) is a great way to make a stronger statement when submitting applications. 
• If an individual is able to attain a favorable score and percentile on the exam, they will have a much greater chance of being accepted into a top-tier MBA college. 
• To make this dream a reality, one must put together an organized plan of action for preparing for the CAT. 

EduRev's CAT Preparation Course is designed to help students maximize their potential in the exam and is ideal for those who are aiming to secure a seat in the top B-schools.

Major Benefits of CAT Exam

CAT is widely considered to be the most prestigious management exam in India and is the gateway to top-ranked MBA programs offered by IIMs and other top business schools in the country.
Here are some reasons why you should consider opting for the CAT Exam: CAT Exam

1. Recognition

• By clearing the CAT Exam, you can gain admission to some of the best MBA programs in the country, which can significantly boost your career prospects.
• The IIMs are renowned for their world-class management education and have a strong reputation globally.

2. Academic Prestige

• The major CAT Exam benefit is the possibility of studying in some of India's leading management schools. 
• These schools comprise of the IIMs, FMS Delhi, MDI Gurgaon, XLRI Jamshedpur, S.P. Jain Mumbai, and more. These are the pioneering institutes when it comes to management and entrepreneurial education. 
• Attending any of these establishments, whether it be IIMs or any other similar institution, will garner an immense amount of respect and recognition.

3. Job Opportunities

• Job opportunity is one of the main CAT Exam advantages. MBA graduates from top business schools are highly sought after by top companies in India and abroad. 
• They are known to command higher salaries and have better job prospects compared to graduates from other disciplines.

4. Networking

• By studying at a top business school, you will have the opportunity to interact with some of the brightest minds in the country and make valuable connections that can help you in your future career.
• Every one of these schools assists students in cultivating the essential corporate abilities that will help them to develop their professional careers. 

5. Diverse Career Options

• An MBA degree opens up a wide range of career options in various sectors such as finance, marketing, consulting, operations, and human resources, to name a few. 
• You can choose to specialize in a particular area of interest or opt for a general MBA program that provides a broad foundation in business management.

6. International Opportunities

• An MBA degree from a top business school can also provide opportunities to work abroad. 
• Many MBA graduates go on to work in international companies or pursue further studies in top universities abroad.

7. High Demand

• There is a high demand for MBA graduates in the job market, and an MBA degree can provide a competitive edge over other candidates in the job search.
• The latest hiring surveys show that many employers are once again scouting for new management talent in 2021 and 2022. 
• One such renowned survey, the Graduate Management Admission Council’s (GMAC) annual Corporate Recruiter Survey shows significant rebounds in hiring and salary projections for 2021 MBA graduates, compared to their 2020 predecessors.
• According to their findings, after a slump during the pandemic, 91% of corporate recruiters are now hiring MBA graduates in 2021, and 9 out of 10 expect demand to increase or remain stable in the next five years. 

8. Higher Earning Potential

• MBA graduates are known to command higher salaries compared to graduates from other disciplines. 
• MBA salary in India ranges from INR 7,00,000 to INR 12,00,000 per year for various MBA programmes. 
• The average MBA salary in India in 2021, according to payscale, was INR 7,71,801. MBA is the one of the most well-paid postgraduate courses.

9. Flexibility

• An MBA degree provides flexibility in terms of the industries you can work in and the roles you can pursue. 
• It also provides the opportunity to switch careers or start your own business.

10. Personal Growth

• An MBA program not only enhances your technical skills but also helps in personal development by providing exposure to diverse perspectives and ideas. 
• It helps you to become a well-rounded and confident individual, capable of making informed decisions in a dynamic business environment.

11. Enhancement of Leadership Skills

An MBA program focuses on developing leadership skills and decision-making abilities, which are essential for success in the corporate world. By opting for the CAT Exam, you can gain access to top-quality management education that can help you develop these skills.

12. Develop your business and entrepreneurship skills 

• Taking the CAT Exam can provide a fast track to career advancement by giving you the opportunity to acquire a wide range of business knowledge and technical skills in a short period of time. 
• If you are interested in starting your own business but lack the necessary expertise to enter a high-growth industry, an MBA can prepare you for success in the industry. 

Some of the established startups from IIM Alumni include Make MyTrip, No Broker, Nykaa, Policy Bazaar, Urban Company & others. Imagine having access to such an established network of alumni by getting into one of the top B-schools in the country. Cracking the CAT Exam would open the gateway to funding opportunities & access to a great talent pool.

Benefit of MBA over other Careers

• In terms of career prospects, an MBA degree is generally considered to be more beneficial compared to professional courses such as Chartered Accountancy (CA), Certified Financial Analyst (CFA), and Company Secretaryship (CS). 
• While these courses are specialized in nature and can lead to lucrative careers in their respective fields, an MBA degree provides a broader foundation in business management and leadership, which can be useful in a variety of roles and industries. 
• However, it is important to consider your personal interests and career goals before deciding which course is right for you.

Also Refer:

• 10 reasons why pursuing an MBA is the right choice

How Important is CAT Exam Preparation?

• The CAT Exam is a test that determines a person's aptitude and efficiency in order to be suitable for a job in management. 
• If someone is nearing their graduation or has already been employed in the field for a while, preparing for the CAT Exam is highly vital if they want to be accepted into one of the best B-schools in India.

At EduRev, we understand the importance of preparing for the CAT Exam and have crafted an exclusive CAT Preparation course that is tailored to meet the needs of every aspiring management student. Our course is designed to help students gain a thorough understanding of the CAT Exam syllabus as well as improve their overall performance in the exam.

How EduRev will help you in CAT Preparation?

Everybody teaches, but not like us. We have built a world class academic delivery model basis in-depth understanding of a Learner’s needs.

Smart Preparation is required to ace the CAT Exam and hard meaningless preparation that consumes lot of your time with lesser gain should be avoided.

1. Subject-wise Courses: Courses for all the 3 subjects: Quantitative Aptitude (QA), Verbal Aptitude & Reading Comprehension (VARC) and Logical Reasoning & Data Interpretation (LRDI). Each course offers topic-wise video lectures, detailed notes & online tests for each topic. 

2. Mock Test Series for CAT Preparation: CAT Mock Test Series course on EduRev offers section-wise & complete mock tests. 

3. Level-wise Tests for CAT Preparation: This course offers level-wise tests for each topic to help you prepare exhaustively for the CAT Exam. 

4. Previous Year Question Papers & Archives: EduRev also offer previous year CAT question papers & topic-wise questions for each topic, which have appeared in different CAT Exams in the last 5-10 years. 

5. 100 RCs for CAT Preparation: This course offers 100+ RCs to help you prepare & master in RCs, which will give you an edge in the CAT Exam and move a step closer to your IIM dream. 

6. Shortcut Techniques, Formulas, CAT Crash Course & Others: Along with the above courses, you also get shortcut techniques, formulas & others in various courses of EduRev.

7. Mock Test Series for Other MBA Exams: You also get Mock Test Series for other MBA Exams like SNAP, NMAT, XAT, IIFT, TISSNET & others. 

8. CAT Interview Preparation Guide

EduRev’s course on CAT Interview Preparation includes popular personal interview questions, commonly asked topics, myths & facts about interviews, and details on other general topics which will help you prepare for the exam holistically.
You can check the details of the course from the article "What all do you get under EduRev Infinity Package"

In conclusion, the CAT Exam provides a wide range of benefits and can significantly enhance your career prospects. It is an excellent investment in your future and can provide a solid foundation for a successful career in the corporate world.

Frequently Asked Questions (FAQs) on Benefits of CAT Exam?

Is CAT exam useful for jobs?

Giving the CAT Exam will put you on the fast track to career advancement by offering you the chance to develop a wide range of general business knowledge and a broad base of technical skills in a relatively short period of time.
At EduRev, we understand the importance of preparing for the CAT entrance exam and have crafted an exclusive CAT Preparation course that is tailored to meet the needs of every aspiring management student. Our course is designed to help students gain a thorough understanding of the syllabus as well as improve their overall performance in the exam.

What happens after clearing CAT Exam?

Clearing CAT Is Not The End Of The Road After the CAT entrance exam results are released, all institutes that accept CAT scores shortlist candidates based on their performance. 

Shortlisted candidates must pass one, two, or three additional tests. 

1. Written Ability Test (WAT)
2. Group Discussion (GD) 
3. Personal Interview (PI)

Check out What happens after CAT Exam in detail.

Is CAT necessary for MBA?

An entry to the MBA world requires the candidates to appear for entrance exams of which the most popular is the CAT or Common Admission Test. The CAT Score allows the candidate to be eligible for most of the best B-Schools in India including the IIMs which hold the CAT Exam.

However, CAT is not necessary for MBA, there are other MBA Entrance Exams like XAT, SNAP, etc. to take admission into MBA colleges.

What is the scope of CAT?

The possibility to study at the best management institutes in India is the most significant CAT Exam benefit. 

These institutions include all of the IIMs, FMS Delhi, MDI Gurgaon, XLRI Jamshedpur, S.P. Jain Mumbai, and others. These are the pioneering management and entrepreneurship institutes.

Which MBA has highest salary?

According to the BLS, some of the highest-paying management occupations related to MBA concentrations include computer and information systems management, financial management, marketing management, and human resources management.

Does CAT get you a government job?

No, the CAT Exam does not offer you a chance for government jobs. If you want a government sector job, you should consider appearing for exams like the UPSC.

Which degree is best for CAT?

There is no specified best degree for CAT Exam. Although for a candidate who is in the final year of graduation, it is an ideal time to prepare for CAT alongside their final year. BTech, BSc and BCom students can prepare better because some of the subjects in their course like Maths help them prepare easily for Quantitative Ability.