Myths About MBA

One can be very superstitious about the MBA entrance exam or perhaps some myths prevail in the mind which can let you bogged down and grip you in tension. Let go of the myths, rest assured, with the right preparation and right direction, you can actually ace the MBA entrance exam. The level of preparation differs from person to person and there is no one way to prepare for any MBA entrance exam. But there are a lot of myths that are faced by the aspirants. Here the most common myths revolving around the MBA entrance exam are compiled and debunked. Myth 1: You need to be an excellent public orator to get into a good B-school While it would be a desirable trait, it isn't an elimination criterion. People generally tend to develop such qualities over time during the course. I still can't stand in front of a crowd. But in case of an official pitch or presentation, I can practice enough to sell. Myth 2: I can't do an MBA; I don't have the money While the cost of doing an MBA has been on a steep uphill in the past few years, it is still affordable even for the average Indian. There are a whole host of banks ready to shell out 15-20 lacs of loans without any collateral to students. The same can be paid off at a comfortable pace in 7 years after graduation. Myth 3: It is designed only for engineers Many people believe that engineers are preferred in CAT and the exam is designed in such a manner that non-engineers get eliminated. This, however is not at all true. The fact is that any aspirant can crack CAT irrespective of his/her educational background. Talking about the Quant section, most of the question in the exam paper are based on mathematics of class 6 to class 10. This is basic mathematics that every student’s studies in school. Myth 4: Placement stats of various colleges are sacrosanct Again, there are no rules while presenting the placement stats. They are easily manipulated and presented in a manner to appeal to the public. One thing you need to keep in mind while looking at stats is that they can be easily altered in the way they are presented, to a large degree, to suit the needs of anyone. When I say altered, I am not saying that the stats are false. All I am saying is that you are being made to look at them from a single perspective deemed best by the authorities. And perspective is very powerful. Myth 5: Admissions are guaranteed if you have good scores and a good profile There are multiple criteria for getting selected. If you do not qualify even one of them, you won't get admission even if you might be stellar in everything else. Sad, but true. There are some things you can work on - UG CGPA, CAT score, GD and PI and some things you can't help - 10th and 12th scores. So, research about the college. See the evaluation and selection criteria and aim accordingly. Myth 6: The IIM tag holds more value than other good colleges No. There are more than 13 IIMs now. An IIM-Raipur does not hold anything to a degree from XLRI, FMS, NMIMS or MDI. While it will be good for you, do not select a college just because of its tag.