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Planning For an MBA Through MAT? Here is your guide!

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Jagpreet

13 June, 2024

Planning For an MBA Through MAT? Here is your guide!

Throwback to 1991

Turn back the pages of the Indian economic history, to the year 1991. A year when our country was hit with the most severe economic crisis it could possibly fathom! We were on the brink of being declared Bankrupt and potentially lost all our assets including foreign reserves, gold, and the respect we earned globally.

1991 can be perceived as a year of lessons that we, as a nation, collectively learned. Our government promptly approached the World Bank for a hefty loan against the condition of introducing the popular economic policy, LPG- Liberalisation, Privatisation and Globalisation.

India, a country once recognised as the Golden Bird lost its charm that year, but what brought us back on our feet was the LPG policy. What it meant was to liberalise the Indian economy from the clench of the Government and allow the businesses to function without the cumbersome process of licensing. This was what we referred to as the abandonment of License Raj. This opened the Indian markets to foreign companies who established their niche in the growing and prospering Indian Markets.

This was the invitation to tremendous growth. Globalisation was a step to integrate our economy with that of the world. What made this decision a marvelous success was the liberal policies of permitting businesses and encouraging their growth. Since then, India has never seen the sun, set on its economy.

Understanding MBA-Master’s in Business Administration: Fundamentals

Businesses significantly contribute to our economy. They create jobs for people from all walks of life. Today, every job exists as a part of a larger business. It may be the result of one dream, but it fulfills the dreams of many!

Our first Prime Minister played a crucial role in the establishment of the popular Business School chain – IIM – Indian Institute of Management . They have been well known for their excellence in offering Business Management courses. Today, the society is no longer adamant on the orthodox way of life where securing a quintessential government job is the only accepted way to build your career.

Risk-taking, investments, innovation, and problem-solving are the key abilities or skills that they emphasise. Start-ups are encouraged, young business owners are supported morally and financially, and emerging markets are invested in. This is a way to grow as a society altogether.

If you wish to bring your innovation to life by establishing your own business or understanding how businesses work while contributing to them, this is the perfect degree for you to pursue.

Let us understand what an MBA- Master in Business Administration,  is and how it can be pursued through MAT.

MBA THROUGH MAT

MAT stands for Management Aptitude Test. This is a test conducted by the All India Management Association ( AIMA) in India and follows a standard format. The Management Aptitude Test is designed to assess the candidates on the following parameters:

  • Logical Reasoning

  • Language

  • Comprehension

  • Mathematical Abilities

  • Analytical skills

  • Comprehension

These are collectively necessary to decide if the candidate qualifies for the management course or not. Similar to CAT or the Common Admission Test which is the base entrance examination for aspiring MBA graduates, MAT is considered for admission to MBA and other management programmes in different business schools across India.

Here is an insight into MAT:

Parameters  Details 
Examination name MAT- Management Aptitude Test 
Purpose  Admission to MBA and other management programmes in Business Schools
Eligibility  A bachelor’s degree from any field, with a minimum of 50 percent in the last examination 
Score Validity  The scores of MAT are accepted by various business schools across the country, and these scores are valid for a period of one year. 
Format  Paper-based, computer-based, and remotely-based through internet proctor 
Test Structure  Language Comprehension
Intelligence & Critical Reasoning
Mathematical Skills
Data Analysis & Sufficiency
Economic & Business Environment
Applying for the test (Registration fee) For Remote Proctored Internet Based  || Test (IBT) || Paper Based Test (PBT)  
Computer Based Test (CBT/IBT/PBT)- Rs. 2100/- || For IBT + IBT / PBT+IBT  / PBT+CBT / CBT+IBT – Rs. 3300/-
Details required to appear for the test Valid Email Id
Scanned image of photograph 
Credit Card/Debit Card (ATM Card) or Net Banking details
A scanned image of the signature 

Important dates you should know for MAT (tentative)

For Paper-based test
Application form starts from 4th week of December 2024
Last date to submit the form 3rd week of February 2025
Admit card release 3rd week of February 2025
Exam date 4th week of February 2025
Declaration of result March/ April 2025
For Computer Based Test
Application form 4th week of December 2024
Last date to apply  1st week of March 2025
Admit card releases 1st week of March 2025
Examination date 2nd week of March 2025
Declaration of the result  April/ May 2025

Top MBA colleges that accept MAT

College  Accreditations/ Approval Fee Structure (Subject to change) 
New Delhi Institute of Management  Approved by the AICTE, Govt. NIRF 99 INR 2,00,00 to INR 3,00,000 per semester 
Adani Institute of Digital Technology Management AICTE-approved INR 10,00,000
Xavier Institute of Management  NIRF – 34 / NAAC A / UGC approved  INR 6,00,000 to INR 9,00,000
MET Institute of Management NAAC A / UGC approved  INR 11,05,000  total fees
Lovely Professional University NAAC A++ / UGC approved  INR 2,00,000 per semester
Amity University NAAC A+ / NIRF 28 – management / UGC approved  Non Sponsored –

INR 3,89,000 

Sponsored – 

INR 5,83,000 

Manipal University  NAAC A++ / NIRF 16 / UGC- approved  INR 5,34,000

Colleges that offer online MBA

College or platform  Course fee 
Parul University INR 90,000
IGNOU INR 62,000.
Amity University INR 1,95,000
Chandigarh University INR 1,50,000
Lovely Professional University INR 14,150 per sem

Job profiles after completing an MBA

A degree in MBA – Master’s in Business Administration is a versatile option for students who aspire to work in fields such as finance, marketing, analysis, administration, and banking related to Businesses. The most rewarding aspect of this degree is how flexible it is for the graduates to find work in every city and also find work opportunities that offer an impressive return on investment.

Additionally, the role of an MBA graduate also demands work experience post your undergraduate degree. You may be a more desirable candidate if you hold that experience along with a strong academic profile. Work experience can help you tremendously with understanding the fundamentals of your job and business and can be instrumental in your enhanced performance at work once you complete your MBA.

Companies  Salary ( Maybe determined by the job profiles and company)
Investment Banker  ₹17,00,000 per year
Chief Financial Officer  ₹20,50,000 per year
Product Manager ₹18,00,000 per year 
Marketing Manager ₹14,95,000 per year 
Operations Manager ₹11,20,000 per year
Management Consulting ₹27,50,000 per year
Chief executive Officer ₹29,12,500 per year
Financial Analyst ₹6,60,000 per year
Business Development Manager ₹9,62,500 per year 
Business Analyst ₹8,93,000 per year 
Asset Manager ₹11,00,000 per year
Brand manager ₹25,00,000 per year

Source: Glassdoor

What do you get from studying an MBA? An insight

Semester  Syllabus
Semester 1  Organizational Behaviour
Quantitative Methods 
Managerial Economics
Financial Accounting 
Marketing Management 
Human Resource Management 
Business Communication
Information Technology Management 
Semester 2  Organization Effectiveness and Change
Management Science 
Economic Environment of Business 
Financial Management 
Management Accounting 
Production and Operation 
Management 
Marketing Research 
Management of Information System 
Semester 3  Business Ethics & Corporate Social Responsibility
Legal Environment of Business
Strategic Analysis
Semester 4 Project Study
Strategic Management
International Business Environment

FAQs: Let us address your questions

Q.1 Is MAT good for an MBA?

Not all the B-schools accept MAT scores, however, you can appear for the examination as there are quite a few reputed colleges that accept MAT scores. They also offer a wider variety of management programmes and encourage their students to actively participate in different work experiences in order to gain the required exposure.

Q.2 Is MAT tougher than CAT?

CAT is the Common Admission Test taken by students who aspire to pursue their MBA degree. It is definitely tougher than MAT. Around 600+ management universities accept the MAT scores.

Q.3 Is MAT worth a shot?

More than 600 colleges accept the MAT score. It may not be accepted by the top B-schools and the IIMs, but it is still regarded as one of the largest entrance examinations to get into MBA schools. The MAT examination is also comparatively easier than CAT or other examinations such as XAT, IIFT, CMAT, SNAP, etc.  Apart from the general examinations, you must take this examination. This will help you keep your options open and you will definitely have more variety to explore and choose from.

Q.4 Is 700 a good score in MAT?

Yes,  a score between 700 to 800 is considered a good score in MAT.

Q.5 Is coaching required for MAT?

That entirely depends on your studying pattern. It is always recommended to follow a schedule, solve mock papers and practise for interviews. Coachings are experienced in terms of preparing their students for the MBA schools as they are well versed with their system and the queries that may be asked. Once you join a coaching institute you get access to that information. However, having said that it is not necessary for you to join coaching. You can always prepare on your own and still be able to crack the MAT examination.


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