In an exclusive online chat with readers on November 16, CAT 2010 topper Vidit Agarwal from Indian Institute of Management-Lucknow addressed reader queries related to cracking CAT and also guided aspirants on the way ahead. For those who missed the live chat, here's the unedited transcript.
iimlucknow asked, is IIM-lucknow good for finance? how is the faculty? which other institutes in india you think are good for pursuing finance?
Vidit Agarwal answers, at 2011-11-16 15:00:35Definitely, IIM lucknow is catching up pretty fast with ABC in terms of placements in finance field. The summer placements attracted lot of PE and asset management firms which is a very good indication. Faculty are experts in their field and make sure that students become pretty strong with their fundamentals . apart from IIMs some other institutes good in finance are Jbims, spjain etc.
catquestion asked, hi vidit, could u pls share some strategies to crack IIMs? how should one prepare for the exam to get a call from IIMs?
Vidit Agarwal answers, It depends how much u have on your disposal. If u r studying then u have much more time to prepare vis-a-vis if u are working. So strategies for each differ.I would like if u could be more clear on this.
abhinav asked, how would you compare 1 year courses with 2 year courses. which ones are better for learning.
Vidit Agarwal answers, A 2 yr course is always more helpful in getting adequate learning as it gives more time to explore options and then adapt yourself accordingly. Generally in 2 yr course u don't have to choose specialization straightway at the beginning of course. that is a big advantage.
abhinav asked, other than CAT, what all exams should be worth taking..
Vidit Agarwal answers, xat, iift,snap would top the list
catquestion asked, what mistakes did u make in ur first two attempts?
Vidit Agarwal answers, in 1st attempt i gave cat for the sake of doing it and was not prepared at all. In 2nd attempt i got stuck with difficult questions and thus wasted a lot of precious time. u should be smart while selecting questions.
abhinav asked, does not doing one's MBA from the top bschools affect one's career adverse. recently i have seen job postings where they are looking for candidates from IIM/ISB though they may not have relevant work experience.
Vidit Agarwal answers, IIMs and other top b schools do give big push to your career but in the ends its your skills and aptitude which takes you far in your career. A degree from IIM is not a sure shot way to success.
arvind asked, hi vidit, what should be the ideal time to prepare for CAT? and any particular strategy to be adopted?
Vidit Agarwal answers, i personally think 5-6 months of regular and focused preparation would be handy. But then there is no set rule. better u start preparing early so that u can gauge yourself with time in hand. focus on gaining concepts first and take mock tests seriously as they play a vital role in fine tuning your preparation
Mark asked, Hi, Vidit,I want to give my GMAT in July-2012 and then CAT too in 2012.How different is preparation of CAT against GMAT? Is it possible to capitalize on GMAT preparation for CAT.
Vidit Agarwal answers, GMAT and CAT follows very different pattern. So, their preparation requirement is different. I think for CAT you have to focus more on quant and speed with respect to GMAT.
Vidit Agarwal says, for verbal ability section start reading up articles on a variety of topics like science, philosophy, social issues from various magazines and newspapers. This will not only increase your speed and familiarity but u will also grasp some important concepts
Vidit Agarwal says, DI tip: large amount of data may be redundant for questions so be smart while solving. when i gave cat last year lot of questions have one set of data which was very different from rest and was usually connected with answer. this saved huge amount of time for me.
manish asked, How one (from non mathe background) should start preparing for Quant?
Vidit Agarwal answers, start with number system. its fun and requires just logic. once u get familiarity with numbers move on to work- time, combinations and speed related questions. finally u can target questions from integration ,differentiation and trigonometry. Not to forget Geometry . It is very high scoring and require least amount of time
prashant asked, why did you opt for IIML & not IIMA
Vidit Agarwal answers, To put it simply i didn't got the call from IIMA. Anyhow IIML too provides some very unique advantage. it course structure is very rigorous and have a very holistic environment for learning. Finally it depends on your perception, there is not much to differentiate between ABCL.