XAT will be held in Sunday, January 2, 2011. The official announcement will happen shortly: Prof. Pranabesh Ray, Dean – Academics, XLRI.

According to Prof. Pranabesh Ray, Dean – Academics of XLRI, XAT 2011 is going to be held on Sunday, January 2, 2011. “XAT will be held in Sunday, January 2, 2011. The official announcement will happen shortly,” said Prof. Ray. XAT is held on the first Sunday of January every year. Considering the trend of preponement of CAT and FMS 2010 exams, the schedule for XAT 2011 has not changed.

XAT is the entrance exam for the B Schools XLRI Jamshedpur, XIM Bhubaneshwar, Goa Institute Management, SPJIMR Mumbai, LIBA Chennai, Welingkar Institute of Management Development and Research, XIME Bangalore to name a few.  Last year, the notification date for XAT 2010 was Tuesday, September 1, 2009.

Last XAT was held on Sunday, January 3, 2010. Being a paper pencil based test, it proved to be the toughest exam of the season 2009-10. The paper consisted of 101 questions which was lesser than the previous years.

The season of 2010-11 MBA entrance exam have started with CAT 2010 schedule being announced. The exam, which is starting from October 27, 2010, will go on till November 23, 2010, in a 20 day window unlike the 10 day window in CAT 2009. The dates of the other entrance exams which have been announced so far are IIFT and SNAP which will be held on Sunday, November 28 and Sunday, December 19, 2010 respectively.  FMS entrance exam is expected to be held on Sunday, December 5, 2010.

Source: MBAuniverse

The FMS entrance exam for 2011 admission is expected to be preponed by about a month.

MBAUniverse.com has learnt that FMS entrance exam for the admission of 2011-13 batch is expected to be held on Sunday, December 5, 2010. This implies that the MBA entrance exam has been preponed by about a month. This preponement in schedule is due to the advanced dates of the CAT 2010 exam which will start from October 27, 2010, which was held from November 28, 2009 last year.

Formal announcement of the FMS entrance exam is expected to be made in August.

Last year, the FMS entrance exam for admission to the batch of 2010-12 was held on Sunday, January 10, 2010. It had 200 questions unlike 175 in 2008 and 2009. The difficulty level of the paper was moderate. It was a paper pencil based test.

Faculty of Management Studies or FMS is a leading B-School under University of Delhi. It was founded in 1954 with a three year part time post graduate program in Business Administration for senior and middle level executives. FMS Delhi offers MBA, MBA in Management of Services and MBA in Health Care Administration programs.

Source: MBAuniverse

CAT 2010 will be held over a longer duration to offer glitch-free tests. The information on the extended test window and an early start for CAT 2010 has been confirmed to MBAUniverse.com by the CAT 2010 Convener, Prof. Himanshu Rai of IIM Lucknow. Speaking exclusively to MBAUniverse.com, Prof Rai said, ‘CAT will be held from Wednesday, October 27 to Tuesday, November 23, 2010. The window for CAT 2010 will be 20 days and the test will be held in two slots in each day.’

Talking about the number of test sites, Prof. Rai mentioned that though the number of test sites has not been finalized yet, but the number of test cities for conducting CAT 2010 will remain the same, i.e. 32. ‘The number of test sites may vary from last year, but the number of test cities will be the same as last year,’ he informed.

The application fee for taking CAT 2010 will remain the same as last year. ‘There is no change in the fee; it will be Rs. 1400 for the General candidates and Rs. 700 for the SC/ST/OBC candidates,’ confirmed Prof. Rai.

The official announcement of CAT 2010 will be made on the last Sunday of August 2010, i.e. August 29, 2010.

Source: MBAuniverse

The country’s ninth Indian Institute of Management (IIM) with 45 students was inaugurated on Tuesday, 6th July, 2010 by the state Governor MOH Farook.

IIM, Ranchi with its Calcutta counterpart acting as mentor at the outset, will offer a two-year post-graduate programme in management (PGPM).

The first batch of Ranchi IIM, the 9th after Ahmedabad, Bangalore, Calcutta, Indore, Kozhikoda, Lucknow, Shillong and Rothak will be temporarily functioning at Suchana Bhavan in the centre place of the state capital.

As many as 6,294 applications with CAT 2009 scores were received for IIM, Ranchi. IIM Calcutta director Shekhar Chowdhury said that students of Ranchi would be taught by renowned faculty members from Joka.

Source: www.business-standard.com

NEW DELHI: Three IIM-Calcutta students have received stipends of Rs 12.5 lakh each for a two-month internship with a Singapore investment bank, indicating revival in global corporate deal activity and holding out hope for a good final placement season in Indian business schools.

Last year, just one student from the institute had received an identical stipend, the first time such a high amount was paid to students of Indian Institutes of Management, the country’s premier management institutions. He, too, had interned with an investment bank in Hong Kong.

The financial crisis, had forced some big financial groups like Lehman Brothers to declare bankruptcy and slowed down hiring in the sector in 2008-09.

This year, though, with the economy turning the corner, hiring and salaries look a lot more promising. The number of students receiving seven-figure stipends at IIM-C has shot up to 15, while just three students were paid over Rs 10 lakh last year. Stipends include the amount paid for services, airfare and accommodation.

The other IIMs did not disclose information regarding summer internship stipends, but the amount paid to students across IIM Ahmedabad, Bangalore and Calcutta are in the same bracket, with a 10-20% difference at the higher end, said an official who did not wish to be named. Summer internship stipends in India usually range from Rs 20,000-30,000 for two months.

Among the three IIM-C students is a biotech graduate from IIT-Madras. “I was keen to work with an investment bank because of my earlier exposure to the finance domain,” he said, but did not wish to be named. He had earlier worked with IT company Headstrong in Noida for two years.

The 26-year-old student has also received a pre-placement offer from the same i-bank he interned with. If he accepts the offer, his salary could be anywhere between Rs 70 lakh and Rs 80 lakh per year. He has also cleared two levels of the CFA and is writing a book. He plans to invest the internship money in the stock market.

The initial feedback from companies post-summer internships is promising, says Amit Dhiman, placement chairperson at IIM-C. “We hope the placements are better than the past two years. But at the same time, we can’t ignore the current economic scenario in Europe and the US. It is to be seen how things shape up in the next few months,” he said.

Of the 289 IIM-C students, 60 interned in locations such as South-East Asia, US, UK and mainland Europe. Up to 42% of students interned in finance-related roles, while 37% opted for marketing, 13% for consulting and the remaining for general management roles.

Most of the international internship offers come from multinationals such as Barclays, Morgan Stanley, Macquarie, UBS, Goldman Sachs, McKinsey, AT Kearney, BCG, Bain & Co, Arthur D Little, HSBC Global, JP Morgan Chase, P&G, Nokia and Unilever.

Source: www.economictimes.indiatimes.com