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Jagpreet
13 June, 2024
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Turn back the pages of the Indian economic history, to the year 1991. A year when our country was hit with the most severe economic crisis it could possibly fathom! We were on the brink of being declared Bankrupt and potentially lost all our assets including foreign reserves, gold, and the respect we earned globally.
1991 can be perceived as a year of lessons that we, as a nation, collectively learned. Our government promptly approached the World Bank for a hefty loan against the condition of introducing the popular economic policy, LPG- Liberalisation, Privatisation and Globalisation.
India, a country once recognised as the Golden Bird lost its charm that year, but what brought us back on our feet was the LPG policy. What it meant was to liberalise the Indian economy from the clench of the Government and allow the businesses to function without the cumbersome process of licensing. This was what we referred to as the abandonment of License Raj. This opened the Indian markets to foreign companies who established their niche in the growing and prospering Indian Markets.
This was the invitation to tremendous growth. Globalisation was a step to integrate our economy with that of the world. What made this decision a marvelous success was the liberal policies of permitting businesses and encouraging their growth. Since then, India has never seen the sun, set on its economy.
Businesses significantly contribute to our economy. They create jobs for people from all walks of life. Today, every job exists as a part of a larger business. It may be the result of one dream, but it fulfills the dreams of many!
Our first Prime Minister played a crucial role in the establishment of the popular Business School chain – IIM – Indian Institute of Management . They have been well known for their excellence in offering Business Management courses. Today, the society is no longer adamant on the orthodox way of life where securing a quintessential government job is the only accepted way to build your career.
Risk-taking, investments, innovation, and problem-solving are the key abilities or skills that they emphasise. Start-ups are encouraged, young business owners are supported morally and financially, and emerging markets are invested in. This is a way to grow as a society altogether.
If you wish to bring your innovation to life by establishing your own business or understanding how businesses work while contributing to them, this is the perfect degree for you to pursue.
Let us understand what an MBA- Master in Business Administration, is and how it can be pursued through MAT.
MAT stands for Management Aptitude Test. This is a test conducted by the All India Management Association ( AIMA) in India and follows a standard format. The Management Aptitude Test is designed to assess the candidates on the following parameters:
Logical Reasoning
Language
Comprehension
Mathematical Abilities
Analytical skills
Comprehension
These are collectively necessary to decide if the candidate qualifies for the management course or not. Similar to CAT or the Common Admission Test which is the base entrance examination for aspiring MBA graduates, MAT is considered for admission to MBA and other management programmes in different business schools across India.
Here is an insight into MAT:
| Parameters | Details |
| Examination name | MAT- Management Aptitude Test |
| Purpose | Admission to MBA and other management programmes in Business Schools |
| Eligibility | A bachelor’s degree from any field, with a minimum of 50 percent in the last examination |
| Score Validity | The scores of MAT are accepted by various business schools across the country, and these scores are valid for a period of one year. |
| Format | Paper-based, computer-based, and remotely-based through internet proctor |
| Test Structure | Language Comprehension |
| Intelligence & Critical Reasoning | |
| Mathematical Skills | |
| Data Analysis & Sufficiency | |
| Economic & Business Environment | |
| Applying for the test (Registration fee) | For Remote Proctored Internet Based || Test (IBT) || Paper Based Test (PBT) |
| Computer Based Test (CBT/IBT/PBT)- Rs. 2100/- || For IBT + IBT / PBT+IBT / PBT+CBT / CBT+IBT – Rs. 3300/- | |
| Details required to appear for the test | Valid Email Id |
| Scanned image of photograph | |
| Credit Card/Debit Card (ATM Card) or Net Banking details | |
| A scanned image of the signature |
| For Paper-based test | |
| Application form starts from | 4th week of December 2024 |
| Last date to submit the form | 3rd week of February 2025 |
| Admit card release | 3rd week of February 2025 |
| Exam date | 4th week of February 2025 |
| Declaration of result | March/ April 2025 |
| For Computer Based Test | |
| Application form | 4th week of December 2024 |
| Last date to apply | 1st week of March 2025 |
| Admit card releases | 1st week of March 2025 |
| Examination date | 2nd week of March 2025 |
| Declaration of the result | April/ May 2025 |
| College | Accreditations/ Approval | Fee Structure (Subject to change) |
| New Delhi Institute of Management | Approved by the AICTE, Govt. NIRF 99 | INR 2,00,00 to INR 3,00,000 per semester |
| Adani Institute of Digital Technology Management | AICTE-approved | INR 10,00,000 |
| Xavier Institute of Management | NIRF – 34 / NAAC A / UGC approved | INR 6,00,000 to INR 9,00,000 |
| MET Institute of Management | NAAC A / UGC approved | INR 11,05,000 total fees |
| Lovely Professional University | NAAC A++ / UGC approved | INR 2,00,000 per semester |
| Amity University | NAAC A+ / NIRF 28 – management / UGC approved | Non Sponsored –
INR 3,89,000 Sponsored – INR 5,83,000 |
| Manipal University | NAAC A++ / NIRF 16 / UGC- approved | INR 5,34,000 |
| College or platform | Course fee |
| Parul University | INR 90,000 |
| IGNOU | INR 62,000. |
| Amity University | INR 1,95,000 |
| Chandigarh University | INR 1,50,000 |
| Lovely Professional University | INR 14,150 per sem |
A degree in MBA – Master’s in Business Administration is a versatile option for students who aspire to work in fields such as finance, marketing, analysis, administration, and banking related to Businesses. The most rewarding aspect of this degree is how flexible it is for the graduates to find work in every city and also find work opportunities that offer an impressive return on investment.
Additionally, the role of an MBA graduate also demands work experience post your undergraduate degree. You may be a more desirable candidate if you hold that experience along with a strong academic profile. Work experience can help you tremendously with understanding the fundamentals of your job and business and can be instrumental in your enhanced performance at work once you complete your MBA.
| Companies | Salary ( Maybe determined by the job profiles and company) |
| Investment Banker | ₹17,00,000 per year |
| Chief Financial Officer | ₹20,50,000 per year |
| Product Manager | ₹18,00,000 per year |
| Marketing Manager | ₹14,95,000 per year |
| Operations Manager | ₹11,20,000 per year |
| Management Consulting | ₹27,50,000 per year |
| Chief executive Officer | ₹29,12,500 per year |
| Financial Analyst | ₹6,60,000 per year |
| Business Development Manager | ₹9,62,500 per year |
| Business Analyst | ₹8,93,000 per year |
| Asset Manager | ₹11,00,000 per year |
| Brand manager | ₹25,00,000 per year |
Source: Glassdoor
| Semester | Syllabus |
| Semester 1 | Organizational Behaviour |
| Quantitative Methods | |
| Managerial Economics | |
| Financial Accounting | |
| Marketing Management | |
| Human Resource Management | |
| Business Communication | |
| Information Technology Management | |
| Semester 2 | Organization Effectiveness and Change |
| Management Science | |
| Economic Environment of Business | |
| Financial Management | |
| Management Accounting | |
| Production and Operation | |
| Management | |
| Marketing Research | |
| Management of Information System | |
| Semester 3 | Business Ethics & Corporate Social Responsibility |
| Legal Environment of Business | |
| Strategic Analysis | |
| Semester 4 | Project Study |
| Strategic Management | |
| International Business Environment |
Not all the B-schools accept MAT scores, however, you can appear for the examination as there are quite a few reputed colleges that accept MAT scores. They also offer a wider variety of management programmes and encourage their students to actively participate in different work experiences in order to gain the required exposure.
CAT is the Common Admission Test taken by students who aspire to pursue their MBA degree. It is definitely tougher than MAT. Around 600+ management universities accept the MAT scores.
More than 600 colleges accept the MAT score. It may not be accepted by the top B-schools and the IIMs, but it is still regarded as one of the largest entrance examinations to get into MBA schools. The MAT examination is also comparatively easier than CAT or other examinations such as XAT, IIFT, CMAT, SNAP, etc. Apart from the general examinations, you must take this examination. This will help you keep your options open and you will definitely have more variety to explore and choose from.
Yes, a score between 700 to 800 is considered a good score in MAT.
That entirely depends on your studying pattern. It is always recommended to follow a schedule, solve mock papers and practise for interviews. Coachings are experienced in terms of preparing their students for the MBA schools as they are well versed with their system and the queries that may be asked. Once you join a coaching institute you get access to that information. However, having said that it is not necessary for you to join coaching. You can always prepare on your own and still be able to crack the MAT examination.
