If the registration figures for CAT 2016 and CMAT September 2016 are to be believed then the MBA craze is on download page. Nearly 35,000 candidates registered for the first CMAT edition down by 40% .Around 1.89 lakh aspirants have registered for CAT this year down from 1.94 last year or 2.5% percent.
CAT 2016 will reach 99 cities that consist of 354 test sites. CAT 2016 decided to reach out to students across the country rather than making students travel to appear for the exam.
The numbers should have ideally gone up by at least 10%. The new government will introduce six more IIMs that are likely to start functioning from 2016.
As it turns out the dip in the registration seems to be a trend with just CAT, CMAT and few other Indian MBA examinations. A look at GMAT numbers across the world paints a very different picture. In the year 2016 GMAT test takers from India increased to an all-time high of 22,878. The numbers have been increasing by some percentage each year. The same reflects how the number of MBA candidates from India and china to International MBA programmes is also increasing.
The truth is MBA craze has not failed out .The craze for the International Management courses has gone up. Which has probably inversely affected the interest in Indian MBA Course? There have also been repeated incidents of students questioning the CAT normalization process. They want to know how their raw score is being scaled and the IIMs are not too keen to disclose the method.
The new government is also pushing the entrepreneurial ventures and the startups. So many potential management aspirants from India are skipping the MBA degree and taking the startup plunge.