Indian Institutes of Management (IIMs) have announced the Common Admission Test 2011 (CAT 2011) highlights. Prometric, a provider of market-leading test development and test delivery solutions is IIMs’ partner in developing and delivering CAT 2011. The first section will consist of Quantitative Ability & Data Interpretation. Whereas, the second section will focus on Verbal Ability & Logical Reasoning. These two sections will be implemented sequentially with separate time limits.
The examination will be 140 minutes. Within each section, candidates will have 70 minutes to answer 30 questions which will have an on-screen countdown timer.
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This year Management Development Institute (MDI) students have noticed a record hike in their summer placement session. 67 companies have participated so far and many more are expected to join and 200 first year students were placed in these companies. This year, students are getting better offers as compared to previous years. The highest stipend has been recorded as Rs. 1.5 lakh for two months with an average stipend reaching upto Rs. 60,000, which is 50% higher as compared to last year. Apart from the regular recruiters, MDI registered many new companies like Juniper Capital, Daimler, Religare Group, L&T Group, Idea, Aditya Birla Fashion & Lifestyle, Keane, etc. This year, students received offers in large number from Standard Chartered, Tata Sons, Goldman Sachs, JPMC, Asian Paints, RPG, Tata Motors, and Makemytrip etc
SRM University is offering scholarships worth Rs. 9.5 Crore to 600 students across various categories. P. Sathyanarayanan, Vice-Chancellor, said, “Rs. 4 crore would be given under the Founder’s Scholarship to the 25 top rank holders in the SRM Engineering Entrance Examination held on May 2, 100 top rankers in State Board and CBSE examinations and 2 rank holders from each of the 32 districts of Tamil Nadu.” The Founder’s Scholarship would include 100 per cent waiver on tuition, hostel and transport fees. Further, a monthly incentive of Rs. 1,000 would be given to each of the students receiving the scholarship.
The present interest rate for education loan is between 10—12%. According to new proposal of National Education Finance Corporation (NEFC), the new education loan interest rate will be lower and the duration for repayment of the loan would be more. In this context, the Human Resource Development Ministry will ask states to contribute towards making education loans cheaper as proposed under the National Education Finance Corporation (NEFC). The ministry official said, “State government run educational institutions will also benefit from the NEFC, so the centre will seek cooperation from the states.”
Three IIM-Calcutta students have got stipend of Rs. 12.5 lakh each for two-month internship with a Singapore investment bank, symbolizing revival in global corporate deal activity. They are hoping for a good final placement season in Indian Business Schools. Out of 289 IIM-C students, 60 interns got international offers in 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.