CAT 2014 notification
IIM-I has announced the dates and a few changes with regard to CAT 2014. The test is to be held on two days: 16th and 22nd of November in sessions of two each. The registration for the CAT 2014 will be open from August 6 till September 30. Students will be able to download admit card from October 16 till examination date. The results will be declared in the third week of December 2014. Another major change coming in is that the exam duration has been increased from 140 minutes to 170 minutes and the questions in quantitative ability and data interpretation, verbal ability and logical reasoning has been increased to 50 in each section from existing 30 questions. Candidates will also be able to switch between sections during the examination.
Campus placement up by 36%
According to an Economic Times study, India's top recruiters are on a hiring binge. Ten of India's best recruiters have hired more than 774 MBAs from 21 top B-schools this year whereas last year the number was 567. Cognizant and ICICI bank have recruited more than 100 MBAs each and Amazon and Flipkart have hired 41 MBAs. Among the list of top recruiters were names like Accenture, Reliance, HCL, BCG, Capgemini, Bharti Airtel etc.
IT industry adding fewer employees
The IT industry added only 13,000 employees for year ending March 2014 whereas in the year 2013 it required 26,500 employees, according to data from software industry grouping Nasscom. They are embracing automation and are looking for graduates with more specialised skills. This is a warning sign for graduates looking for a job in the IT industry. Engineering graduates are now facing stagnating wages and fewer jobs as supply far outstrips demand as IT firms pick quality over quantity.
Academia unhappy with Modi's "IIM in every state" plan
The Modi government's plan to set up IITs and IIMs in every state has not gone down well with the academia. Instead of increasing the number of these institutions, improving the quality of the existing infrastructure and facilities and increasing the pay structure of the faculty to retain talent is more important, they say. Currently, nearly every IIT has vacant positions ranging from 19 to 38% of the required faculty strength, and more in some cases. Moreover, the academia has argued that more IIMs would mean diluting the IIM brand and what it stands for.
Ivy League's Brown University to start offering MBA degree
Brown University has decided to offer a Master's degree in Business Administration for the first time. Currently, the university offers an Executive MBA programme in collaboration with Madrid's IE Business School, where students are awarded a degree from the latter. Now, students will receive degree from both universities. With this move, Brown University joins the likes of Harvard, Cornell, Columbia, et al in the Ivy League, whose students receive the prestigious Ivy League degrees. This leaves Princeton as the only Ivy League school not offering an MBA degree.