There is no specific way to score 98+ percentile. The only key is to find your weak areas and work on them. Yet I have compiled a list of tips that might help you in your journey of preparing for CAT.
Prior to preparing for the exam, give one or two mock tests to identify your weak and strong areas. This will help you focus more on the areas you are weak.
Don’t set unrealistic goals like 98 or 99. Set a goal that you are confident you can achieve else you will end up getting demotivated and disappointed.
Don’t join coaching classes or turn to CAT experts unless you find it almost impossible to understand the concepts on your own. This is because classes will consume a lot of time and you might not get time to practice the concepts you have learned.
Gather the best study material and self-study.
All these tips will not guarantee a 98+ CAT score but they will surely improve your score to a great extent.
Financially speaking, FMS Delhi is a better option. The fees are extremely low compared to most other B Schools. The low fees do not compromise the quality of education here. But the accommodation and other expenses are high in Delhi. So the best option is to get a hostel in DU. But if you are okay with below-average rooms then rooms are available near FMS in the Malka Ganj area. They cost around INR 4000-7000.
If you go for IIM Ahmedabad, the scholarships and student loans will help you a lot. They will cover your tuition and hostel fees and will have to just pay your personal expenses (10k-15k in PG). One won’t regret investing in IIM Ahmedabad in the long run. But the ultimate choice is yours.
In today’s age, providing education has become more and more expensive. But it does not end there. Providing a good educational environment and experience has also become more and more challenging. IIM Calcutta’s decision to increase its fees is somewhat justified.
Some points that support my opinion are
After the experience of an MBA from IIM Calcutta your salary almost doubles.
You can change the line of your profession and get the role you had dreamt of.
The average salary after such a program would actually be lesser- say 25 Lakhs CTC.
Since it is a 1-year program, you get to work in the second year.
Investing in an MBA course at IIM Calcutta is surely a worthwhile investment. You won’t regret this decision and its value will stay with you forever.
The course-wise total fees structure at NIT Jalandhar has been tabulated below
Courses |
Total Tuition Fees |
MBA/PGDM |
INR 1.14 L |
B.Tech |
INR 6.76 L |
M.Tech |
INR 2.28 L |
M.Sc. |
INR 59 K |
PG Diploma |
INR 1.59 L |
Hostel Fees
Mess Advance: INR 21000 for the semester
Hostel Maintenance Charges: INR 1500 per semester
Mess Caution Money: INR 5000 (Refundable)
Fee waiver:
NIT Jalandhar provides a 100% Tuition Fee waiver for SC/ST/PH students.
Full remission of the Tuition Fee for General & OBC students whose family income is less than Rs.1 lakh per annum.
Remission of 2/3rd of the Tuition Fee for General & OBC students whose family income is between Rs.1 lakh to Rs.5 lakh per annum.
The first-year fees of a B.Tech. student at NIT Jalandhar is INR 1.64 Lakhs whereas the total fee is INR 6.76 Lakhs.
Hostel Fees
Fee Waiver:
NIT Jalandhar provides a 100% Tuition Fee waiver for SC/ST/PH students.
Full remission of the Tuition Fee for General & OBC students whose family income is less than Rs.1 lakh per annum.
Remission of 2/3rd of the Tuition Fee for General & OBC students whose family income is between Rs.1 lakh to Rs.5 lakh per annum.
Definitely joining IIM Calcutta over IIM Lucknow is better. In fact the huge difference in fees is exactly the reason why IIM Calcutta is worth investing in more than IIM Lucknow.
Some advantages of joining IIM Calcutta over IIM Lucknow are:
IIM Calcutta is among the top 3 while IIM Lucknow is below.
The placement opportunities at IIM Calcutta are way better than IIM Lucknow. Check the recent placement reports to verify the same.
Professors with publications in International journals are way higher in IIM Calcutta than Lucknow.
IIM Calcutta has a better batch quality as it has a higher cut off on CAT %ile.
IIM C Alumni networking and culture is enviable even by IIM A and B. So by paying more fees you build relationships that are priceless and last a lifetime.
I wouldn’t say choosing IIM Calcutta over IIM Lucknow will ever be a bad decision. Your 7 extra lakhs Rupees will pay you back tenfold times.
Trust me if you get into any IIM, banks will be after you to get loans from them. Banks consider an IIM student a good investment and therefore offer educational loans at a very low interest rate.
My uncle’s son had cleared CAT and got into IIM Calcutta. He got a loan from a bank at an extremely low interest rate. He had to deposit a demand draft of INR 3,23,050 at the time of the MBA registration process (second week of June). The rate of interest is 8.4%. After MBA, you will be in the 30% tax slab. The interest paid on an education loan is tax-deductible. So, your effective rate of interest is 8.4(1–0.3)=5.88%. This is the cheapest loan one can get in India. So it’s recommended that you take a loan even if you have money.
Banks like SBI, CBI, BOI, and PNB will give you loans as high as 30 lakhs without any collateral.
Apart from loans, IIM Calcutta also offers a lot of financial assistance to financially weak students. Need-based-scholarships are offered. IIM Calcutta provides Financial Assistance to students whose family income is less than 8 Lakhs.
Rather than worrying about money focus more on your goals and academics.
There is no concession for SC/ST students in IIM A, B and C. But this is not a major issue.
IIMs offer a lot of financial aid services to financially weak people. In some cases, the entire fee is paid by the college or some part. It depends on the judgment of the panel on the basis of your situation.
All IIMs offer educational loans at a relatively low interest rate. Banks usually consider IIM students as a profitable investment. So rather than worrying about the money, focus more on your goals.
Without any doubt the fees structure at IIM Ahmedabad for MBA programs is extremely high. But trust my word when I say your investment won’t go in vain. 2 years later you will thank yourself for not letting go of this golden opportunity.
There are many banks that offer loans with minimal or no collaterals, discounted interest rates and extended moratorium periods.
Another option is fee waiver seats. IIM Ahmedabad is one of the best institutes that offer fee waiver facilities to financially weak strata. Some are lucky enough to get as much as 80% of their fees waived off. The remaining 20% can be handled by an educational loan.
So once you put your trust and will into it, you will find ways to overcome the money issue. And obviously the result you will get in a few years will have you forgotten about your struggles.
The campus of IIM Ahmedabad offers stalls from banks that are ready to help you in the entire loan process.
Start your loan application process early. As soon as you get selected your college will get you in touch with the bank officials. Every bank has different interest rates. Choose according to your budget. You just need to fill and submit the documents online and wait.
The banks will cater to all your expenses like fees and reimbursements. All you need to do is drop your mail to the bank's mail ID. You will get instant credit in your account.
When you finally get a job after graduation you have to repay the loan within 6 months or a year.