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Are you looking for an MBA program? Then you probably heard about the two most prestigious entrance exams, i.e., CAT and GMAT. These two are the premier tests that endure your admission into one of the best management colleges in India and abroad. CAT is India-centric and targets top Indian B-Schools like IIMs, FMS, MDI, S.P. Jain, etc., where the GMAT is accepted globally to admit students around the globe.
The main reason to do an MBA is financial security, and no other degree can match the pay scale of a management graduate. While preparing for a master’s degree in management, students find themselves in a dilemma of whether to give GMAT or CAT. The question is practical. You cannot choose either of the exams just because they offer admission into MBA. There are a lot of differences other than admission, which needs consideration before making any decision. Today we will compare both the exams side-by-side so that you can choose the best one for you.
GMAT or Graduate Management Admission Test is conducted by GMAC (Graduate Management Admission Council). The application fee for GMAT is $250 (18,700 Indian Rupees approx.). An individual can take the GMAT exam 5 times a year but only 8 times in their lifetime. As you can see, there is a limit on attempts, and there is no relaxation on attempts under any circumstance. CAT stands for Common Admission Test and is conducted by the Indian Institute of Management. The frequency of this exam is once a year with an application fee of 2000 Indian rupees. There is no restriction on attempts, and you can compete as much time as you want to get your desired seat.
For GMAT, the applicants must be over 13 years of age and have graduated in any stream with a valid degree certificate at the time of application. For CAT, the applicants must graduate in any stream with at least 50% aggregate marks in their 3 or 4-year degree program.
You can apply online for both exams through their respective website.
GMAT scores are accepted worldwide by all the top B-schools. With a valid scorecard, you can apply to more than 2500+ colleges and 7000+ MBA programs with an overall competition of 1 to 2 lakh annually. CAT is designed keeping the Indian education system in mind hence targets Indian colleges only. You can easily apply for 1200+ colleges in India, including IIMs. But the competition is pretty high in the case of CAT, where you have to compete with 2.5 to 3 lakh students from India only.
Success ratio and flexibility if high in the case of GMAT in contrast to CAT.
As you can see the difference between CAT and GMAT, now it's time to choose the best one for you. Both the exams require different approaches and fulfill varied needs, and it's upon you to select as per your goals.
As it is visible that no exam is perfect, and each has its pros and cons. If high packages and global exposure is your priority, then GMAT will be the best choice, but if you want to stay connected with your immediate and extended family members while spending less on the course, then it's the CAT that saves the day for you.
We hope you get your queries resolved, and there will be no confusion in your brain about the course and its consequences. We wish you the best of luck in your MBA journey.
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