Introduction to the exams
CAT – CAT, also known as Common Admission Test, is a competitive exam that is written by MBA aspirants who are trying to apply to IIMs and various other top B-school around the country.
IIFT – IIFT exam, also known as Indian Institute of Foreign Trade exam, is a competitive management aptitude test that is written by MBA aspirants conducted by the Indian Institute of Foreign Trade (IIFT) Delhi, Kolkata, and Kakinada for admission to their MBA International Business Course.
XAT – XAT, also known as Xavier Aptitude Test, is a competitive national-level management exam that is written by MBA aspirants conducted by XLRI, Jamshedpur for admission to the MBA/PGDM courses.
The different top colleges that accept each exam are:-
MBA aspirants will have good knowledge about these exams because they provide a chance for them to apply to the tier 1 colleges around the country. Some of them are IIMs, XLRI, IIFT, and better colleges. Suppose an MBA aspirant who has a passion for HR, he/she will look for admission to XLRI. Or suppose an MBA aspirant who has a passion for International Business, he/she will look for admission into IIFT. Both these colleges offer excellent placement and learning exposure in their respective fields. And these colleges coming under tier 1 offer packages 20+ lakhs which is more than enough for the students passing out with a placement to live a good and successful life following their dreams. The opportunities that are offered by these colleges are almost the same even though they excel in different fields. The fees that the MBA aspirant might have to pay, which is almost similar for tier 1 colleges, will be worth it when he/she calculates the return on investment. Some of the differences that one can perceive are IIMs come under the government while colleges like XLRI and more come under autonomous or non-govt management. Other Tier 1 colleges that accept these exams – SP Jain, FMS, JBIMS Mumbai etc.
There are a lot of colleges that accept CAT and XAT such as – MDI Gurgaon, IMI New Delhi, TAPMI, Great Lakes, IITs offering PGDM/MBA programs. All these colleges also provide great learning exposure and good placements, but a little less compared to Tier 1 colleges. These colleges would offer a placement package ranging from 10-15 lakhs per annum.
These exams are perceived to be very important because it gives a chance for MBA aspirants to undergo various MBA/PGDM courses from the top universities across India. The learning exposure these colleges provide is of top-class and it helps the aspirant throughout his life, be it career or be it life. The courses are structured in a way that makes the students undergoing these courses capable of handling any obstacles that they might face in their lives. MBA/PGDM courses are not just about academics, even though it is important. These courses provide students with a personality development that not all courses offer in how they structure their courses.
CAT – The important topics that are covered in this exam are – Quantitative Aptitude, Logical Reasoning, and Data Interpretation and Verbal Ability and Reading Comprehension
IIFT – The important topics that are covered in this exam are – Quantitative Aptitude, Logical Reasoning and Data Interpretation, Verbal Ability, and Reading Comprehension. Another section is also present in this exam, which is the General Awareness section.
XAT – The important topics that are covered in this exam are – Quantitative Aptitude, Decision Making, Verbal Ability, and Reading Comprehension, and General Awareness.
In IIFT exam, there will importance to the GK section. While in the case of XAT exam, there will be importance of the GK section in the GD/PI round rather than the exam.
All these exams require proper learning, time management, and dedication for MBA aspirants to crack them. The preparation techniques will be almost the same for each of the exams if the sections are the same. The difference might come for IIFT’s and XAT’s General awareness section and XAT’s Decision Making section. The GA section of these exams requires proper knowledge about what is happening around them. This includes reading newspapers, editorial sections of the newspaper, and more general knowledge that one might get from the internet. Reading newspapers will always help an individual excel in his life because he/she will be up to date on the various issues/problems/debates/regulatory/economic condition and much more.
The Decision-Making Section of XAT is highly similar to the LRDI section of CAT. It is a mix of questions that will test the person’s knowledge of solving behavioural, managerial, and mathematical questions. It is not a test of the theoretical knowledge that one has, but the basic assumptions and their understanding of real-world problems that are presented in the form of cases in these questions. The MBA aspirant is required to have in-depth data interpretation skills so that he/she can solve the question in a time-based manner. Moreover, these exams purely test the skills of the MBA Aspirants based on time-management and accuracy.
The rest of the common parts such as the QA, VARC, and LRDI sections are prepared by studying the basics first, attempting questions in a time-based manner, analyzing strengths and weaknesses, developing on your weakness, attempting as many mock tests as possible because practice will make the MBA aspirant attempt the exams in a speedy manner and with higher accuracy.
Choosing an MBA/PGDM program is one of the most important decisions that one has to make regarding his career. And it is a very good choice because the course is not just about academics. It provides students with an opportunity to develop their character overall, be sharper in their decision making, handle all obstacles they might have to face in the future, handle the ups and downs of life with their heads up high, be more professional in the approach, has a higher standard of living and much much more. There are a lot of universities across India that provide the opportunities and the exams that were discussed above are the first step to build your career. Do not see these exams as stressful or like it’s taking a toll on oneself, but see it as a golden opportunity. If one makes enough preparation and dedication, be sure to know that it is easy to crack. These exams are all about time management, accuracy, and decision-making. And the skills that these exams ask from a student will always help him in his/her life. All the very best for the future and we hope everybody can achieve what they are dreaming about.