Though a lot of us have heard about the prestigious IIM’s, not all of us know what exactly is in the IIM’s and also how to get your seat secured in one of the IIM’s. We all know about India’s premier institutions which include AIIMS which stands for All India Institute of Medical Sciences for medical studies, IIT which stands for Indian Institute of Technology for Engineering courses and such institutions which are central universities set up by the Government to provide the best education possible. Similarly The IIMs are the best institutions for management studies. set But there’s legitimate nothing to worry about because we have got it all covered for you!
What is IIM?
IIM stands for The Indian Institute of Management. It is India’s most prestigious Institution for Management Studies. Graduating from the IIM’s would fetch you an MBA degree in whichever field you specialize in. To get selected in to the premier IIMs one has to give the CAT Examination which stands for College Admission Test. At the least of 1,50,000 to 2,00,000 candidates appear for CAT every year. The Indian Institutes of Management (IIMs) are a group of 20 public, autonomous institutes of management education and research in India. They primarily offer postgraduate, doctoral and executive education programmes. Each IIM is autonomous and exercises independent control over its day-to-day operations. There are approximately 18 IIMs. Each IIM has their own selection criteria, fees structure, college rules and regulations.
After selection in the IIM’s the admission procedure is followed by personal interviews. The first IIM which was ever set up was in the city of Calcutta or Kolkata in the year of 1961. It was formed in collaboration with MIT Sloan School of Management. Following up was IIM Ahmedabad which was in collaboration with Harvard Business School. The method or pattern of teaching is also pretty much influenced by MIT Sloan School of Management and Harvard Business School respectively. In the year 1973 which was about 12 years later IIM Bangalore was set up.
All of these IIM’s are collectively called the older IIM’s
IIM Shillong was set up in 2007 as the 7th IIM. Following it was IIM Rohtak which was set up in 2009 as the 8th IIM. The next IIM was IIM Ranchi which was set up in 2010 as the 9th IIM. IIM Raipur was set up in 2010 as the 10th IIM. IIM Trichy was set up in 2011 as the 11th IIM. Two more IIMs were set up in 2011, at Udaipur and at Kashipur. Collectively, these 7 institutes are popularly known as the New IIMs. In 2015, the so called Baby IIMs were set up at Visakhapatnam, Nagpur, Amritsar, Bodhgaya, Sirmaur and Sambalpur. IIM Jammu was started in the year 2016 which was a year later.
Ranking of The IIM’s:
Based on a number of factors which include study pattern, methodology, teaching, infrastructure, the to 10 IIMs are further ranked on the basis of these factors:
- Indian Institute of Management Ahmedabad
- Indian Institute of Management Bangalore
- Indian Institute of Management Calcutta
- Indian Institute of Management Lucknow
- Indian Institute of Management Kozhikode
- Indian Institute of Management Indore
- Indian Institute of Management Shillong
- Indian Institute of Management Ranchi
- Indian Institute of Management Trichy
- Indian Institute of Management Udaipur
The main challenge is to get admission into the IIMs. Approximately 2 lakh people apply for CAT every year out of which hardly 1% make it to the IIM’s. Thus your preparation, study material, target has to be decided with extreme care and patience. One wrong decision can cost you losing s seat in to your desired IIM.
IIM oriented preparation for CAT:
You have to make sure you devote at the least of 2 to 3 hours every day to the preparation of CAT for getting a seat in the IIM’s. Now if you are someone who has a job and is planning to appear for CAT, you should know this very well that for you Time Management plays a very important and crucial role in deciding your fate. You need to be very careful in what are you investing your time in. It ultimately depends on your job timings. Jobs usually go up to a maximum of 8 hours. Now if you take up CAT Coaching it will again take another 2- 4 hours at the least and the rest depends up on the coaching. Now here you must know how to strike a balance between the two. Devote time to both your job and coaching and just an additional 2 hours of self-study in one day will suffice. Otherwise you have another option wherein you prepare for it by yourself without coaching which will save you a lot of time and energy or manage your time very crucially. Also the study material you pick makes a lot of difference.
Picking the right material and the perfect one seems impossible at times but it is not that difficult. Now a lot of candidates appearing for CAT do not really pay a lot of importance to the preparatory material of CAT and just pick any book for namesake or just because the seller recommends it. However, it is important for a candidate to clearly go through a number of reviews before picking the right book for the preparation of the CAT Examination. Since the year 2015, the pattern of questions asked or the types of questions asked have changed and hence it is also important to keep in mind that you only have to pick those books based on the pattern of questions asked in the CAT Examination.
Now this definitely is a task as it involves going through a number of websites, books, public reviews, and you may also get yourself confused in the process. But we have got it all sorted for you. Here are the most recommended books by authors that we and the past year candidates found extremely helpful. Arun Sharma’s books are not just oriented towards one section of CAT but it is oriented towards all sections of CAT. So you have all the sections of CAT covered by the same author in the same pattern and with the changes updated in each section of the CAT Examination. His preparatory material for CAT is currently the best preparatory material available in the market. In addition to that Arun Sharma’s Books are always updated with the changes in the patterns of questions with respect to the CAT Examination. Also in case you are looking to build your basic concepts or even brush through your basic concepts then you must definitely pick Arun Sharma’s Book for your CAT Exam Preparation.
