IIMs say CAT 2017 registrations lower than 2016

Apart from the IIMs, several other business schools use the Common Admission Test (CAT) score for admission. CAT 2017 will be held on 26 November. Photo: HT

Apart from the IIMs, several other business schools use the Common Admission Test (CAT) score for admission. CAT 2017 will be held on 26 November. Photo: HT

New Delhi: The Indian Institutes of Management (IIMs) said Monday that while an extended registration window propelled the Common Admission Test (CAT) registration numbers to nearly 231,000, these were still slightly below the 2016 numbers.

By the original deadline of 20 September, the IIMs had received around 211,000. They subsequently extended the deadline to 25 September.

In 2016, the IIMs received 232,434 applications for the test. Apart from the IIMs, several other business schools use CAT score for admission.

“The final registration numbers are around 2.31 lakh. Around around 20,000 (registrations) were added during the extended window,” said Neeraj Dwivedi, convener of CAT 2017.

Dwivedi, also a professor of IIM Lucknow, said exact numbers would be available on Tuesday.

India has 20 IIMs admitting nearly 4,000 students into their flagship post graduate programme in management.

IIM Lucknow, which is conducting CAT 2017, will allow candidates to correct errors in application between 27 and 30 September. CAT 2017 will be conducted across 140 cities on 26 November.


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Observing that the situation continues to be “grim” with no improvement appearing imminent, the panel has suggested beginning the hiring process before a post falls vacant. Photo: Indranil Bhoumik/ Mint

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Seven IIMs hiked training prices in past years

IIM Kozhikode hiked tuition fees by 23.1%, IIM Trichy by 20%, IIM Ranchi by 19% and IIM Calcutta by 17.3%. Photo: Hindustan Times

IIM Kozhikode hiked training fees by 23.1%, IIM Trichy with the aid of 20%, IIM Ranchi with the aid of 19% and IIM Calcutta via 17.three%. photograph: Hindustan times
New Delhi: Seven Indian Institutes of management (IIMs) hiked route costs with the aid of five% to 30%inside the past academic years, the human aid development ministry stated on Monday.

IIM Lucknow crowned with a hike of 29.6%, even as IIM Ahmedabad noticed the smallest trade at five%,similar to IIM Shillong, HRD minister Smriti Irani informed Parliament on Monday, putting forward that themove had little impact on terrible college students.

There are 19 IIMs in the us of a.

IIM Kozhikode hiked training fees by way of 23.1%, IIM Trichy via 20%, IIM Ranchi through 19% and IIM Calcutta by 17.three%, the HRD minister said.

The trendy round of hikes came about as lately as March-April.

IIM costs have been within the range of Rs.10 lakh to Rs.19.5 lakh for the flagship postgraduate programme in management.

price hikes are a part of the contentious IIM invoice, supposed to give the HRD ministry extra control over the functioning of the elite commercial enterprise faculties. The bill has been adversarial by way of the institutes, their alumni associations and governing boards.

In June closing yr, A.M. Naik, then chairman of IIM Ahmedabad and institution government chairman of Larsen and Toubro Ltd, and J.J. Irani, chairman of the board of governors of IIM Lucknow, wrote to the HRD ministry, protesting towards the “sweeping centralization of electricitythrough the bill.

within the face of complaint, the bill has been redrafted, but it has no longer been tabled in Parliament yet.the brand new draft has no longer been made public either.

Irani stated on Monday that the hike in lessons prices did not have an effect on the pupil populace as IIMs provide a number of financial help and help in securing loans.

“The hike in training price has now not adversely affected the terrible and decreasemagnificence college students given that institutes increase financial assistance, together with full tuition charge waiver andpreservation allowance, to needy students. similarly, different students are facilitated in gettingeducational loans from banks,” Irani stated.

price hike in IIMs has by no means been a hassle for our students. as soon as a pupil gets decided onfor an IIM, banks are extra than willing to offer a loan… the go back on funding is quite handsome,” saidan IIM professor who did not want to be named.

The average income an IIM graduate receives on of completion of the course levels between Rs.elevenlakh and Rs.17 lakh in line with annum.

The professor said that the HRD ministry’s explanation at the rate hike to Parliament is critical from twoangles—first, the ministry does not consider that the hike is retrograde and, second, it may be a demonstration of what’s in store within the new IIM invoice.

Irani stated IIM expenses are not linked to those of other instructional institutions. “IIMs areindependent establishments and are ruled by using their respective memoranda of association andpolicies of the society, which consist of the fixing of charges and other charges as consistent withprovisions contained therein,” she said.

Consultancy firms lead recruitments so far at IIMs

A file photo of recruiters at the IIM-A campus in Ahmedabad. Photo: MintA file photo of recruiters at the IIM-A campus in Ahmedabad. Photo: Mint

New Delhi: Bain & Co., Mckinsey & Co., Accenture Plc and other consulting firms dominated the final placements at the Indian Institute of Management, Bangalore (IIM-B), hiring more than 30% of the business school’s 400-strong batch.

Consulting firms were also among the top recruiters at IIM-Lucknow and IIM-Kozhikode.

IIM-Kozhikode got 99 offers from consulting firms and IIM-Lucknow 93. Finance and marketing were the other two sectors from where students got good job offers.

IIM-Kolkata and IIM-Ahmedabad will complete their placement early next week.

Bain & Co (with 17 offers), Accenture Strategy (16), Deloitte (14), Boston Consulting Group (13), AT Kearney (11) and McKinsey & Co. (8) were the top recruiters this year at IIM-Bangalore. Other consulting firms that hired from the institute were Strategy&, Roland Berger, Alvarez & Marsal and GEP Consulting, the Bengaluru-based IIM said.

“Even though there was a slight dip in e-commerce hiring, the consulting firms hired in larger numbers and helped accelerate the placements,” said Ganesh N. Prabhu, chairperson, Career Development Services at IIM-B.

As many as 160 companies made a total of 450 offers to 409 students looking for a job. There were as many as 139 pre-placement offers extended to the students based on their performance during the internship. There were also 136 job offers for students with more than 22 months of work experience.

IIM-B said reputed banking and financial companies, including Goldman Sachs, Bank of America-Merrill Lynch, Deutsche Bank and Citibank NA recruited on the first day of the final placement earlier this week. Goldman Sachs made 14 offers, the highest among financial firms. Among Indian financial firms, ICICI Bank led the pack with 11 offers.

Among conglomerates, Aditya Birla Group made the maximum offers at 11. Among the 18 international offers, Kuwait’s Alshaya, a retailer, recruited nine students this year.

Meanwhile at IIM-Lucknow, the three segments based on roles offered to their 446-strong batch were sales and marketing (25%), finance (22%), consulting (21%). The recruitment drive was over in three days earlier this week after 160 domestic and international recruiters offered jobs to their entire batch. In consulting, Accenture and Boston Consulting Group were the top recruiters.

Neither IIM-Bangalore nor IIM-Lucknow revealed salary details, though both the institutes said that they are satisfied with the offers. IIM-Kozhikode and IIM-Rohtak who completed their placement last month had reported a 12.5% increase in average salary.

Ulhas Vairagkar, an alumnus of IIM-A and founder-mentor at the Vanguard Business School, Bengaluru said that IIMs and leading business schools in the country will not see any problem in placement and the average salary hike will continue to grow as companies scout for good talents across top campuses.