About CAT Exam
Indian Institute of Management Calcutta was the first IIM to be set up. It was established as the first national institute for post-graduate studies and research in management by the Government of India in November 1961, in collaboration with MIT Sloan School of Management, Government of West Bengal, Ford Foundation and the Indian industry.2015 was a bright year for the MBA aspirants with 6 new IIMs coming into picture- IIM Nagpur, IIM Bodh Gaya, IIM Vishakhapatnam, IIM Sambhalpur, IIM Amritsar, IIM Sirmaur. Because of the increase in the number of students applying for MBA, the IIMs developed the Common Admission Test (CAT) as a first level evaluation for short listing the most talented candidates.
Economic liberalization and entry of multi-national firms within the Indian business scenario has meant a growing need for trained and qualified managers and professionals capable of dealing with tough situations. This is precisely what MBA education provides. The increase in demand for MBA education led to emergence of the prestigious IIMs that wished to select only best and the most talented students. Thus, was born the Common Admission Test(CAT).