CAT applicants number at 5-year low

Increased fees and reduced job offers have decreased the number of CAT-aspirants this year to a five-year low of 1.94-lakh, a 10% drop from last year's 2.14-lakh. 58-applicants will compete for 1-seat in an IIM this year, compared to 68 last year. Only 10% of Indian MBA-graduates are employable and campus placements went down by 40% in 2012, reported Assocham.