I'm a fresher. I have converted FMS Delhi. Got waitlisted at C with a bleak chance. Should I retry CAT for IIM Ahmedabad/Calcutta or stick to FMS?

The question totally depends both on you and your abilities at taking decent risks at hand, such as considering which particular domain you want to enter and if it is anything between Finance or Consulting, then taking a drop will probably make better sense.

There other points to take into consideration to:

• Which is likely to engage you more, is it the low fees and one year you will save or the brand name of a company that might arrive late? Nonetheless, it is always good to understand what your strong points are and if making this decision does not hurt your professional sector side, because both of them are equally at par.
• You have to consider if it is a good alternative to choose and if it is great enough to go on your profile.

Taking all of these into action, what if the next year when you get into a different sector, you fail receiving a call from the company you have aspired for?

Understanding these questions personally will affect positively in the long run if utilized properly. 

However, joining FMS will keep you on the safer side, and it is because:

• If your concern lies in terms of peer groups, then it absolutely goes no less than the company you will be part of with the latter.

• There is another perk that you will receive handy, and it is the low fees that will give you a headstart in terms of having any burden of loans on your mind.

• Attempting at the CAT will provide just another chance like many others get every year.

Since FMS have only countable students, you can expect a higher salary too with almost zero chances of not getting placements (it is considerable based on your performance at PGDM). Nonetheless, even CAT is somewhat uncertain. Also this depends on each individual and their approach towards every potential situation.