In a significant surge record breaking registrations can be observed in all the Management Entrance Examinations this year.
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A staggering 3.3 Lakh candidates across India have registered for CAT (Common Admission Test) 2023 which was held on Nov 26 has witnessed a striking 30% surge in registrations. As compared to last year, there has been an 11% rise with 2.55 lakh aspirants registering in 2022.
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The Xavier Aptitude Test (XAT), another key gateway to India’s top business schools, witnesses a 40% increase in applications, reaching 135,000 this year.
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The Symbiosis National Aptitude Test 2023 (SNAP 2023), a nationwide entrance exam for those aspiring to join the MBA programme at Symbiosis International (Deemed University), has witnessed a substantial 25% surge in participant numbers compared to the previous year.
MAT (Management Aptitude Test), the national level test for admissions into MBA/ PGDM/ MMS Program conducted by AIMA, sees a remarkable 21% increase in applicant count this year.
Possible reasons to the surge:
- Well Executed Awareness Campaigns: The various Initiatives like media outreach (in every platform), repeated and timely reminders to candidates, addition of test cities, and the creation of a user-friendly application system might have encouraged the aspirants
Shift in Education Trends with the introduction of industry-relevant programmes and the demand for upskilling have led to a growing interest in Management Education - India’s Growing Economy in the world and that itself demonstrates a huge demand for MBAs to help graduates maintain competitive advantage in a dynamic world. Which might have an impact in an increased number of Intake in prominent Management Institutes.
- Top management institutes, especially IIMs, have recently introduced a wide range of specialised management programmes in areas such as healthcare, Artificial Intelligence (AI), business analytics, and blockchain, which are in huge demand in the Corporate .
- Slowdown Trends in Placements in B.Tech and Other UG Courses which might have an impact on the Placement season, It’s plausible that many might see value in upskilling or pivoting their careers through management courses.
- Increase in Test cities and Centres, increased number of test cities, with a greater number in exam centres, especially in tier-II cities, The wider testing options make the exam more accessible to a broader range of candidates, including those from smaller cities and towns, which can lead to increased registration numbers.
- Women applicants The diversity and inclusivity of programmes as popularised by various institutions has supported women to pursue a professional degree like an MBA and thus the possible surge in registrations.
