New Delhi: The Common Admission Test (CAT) to the Indian Institutes of Management (IIM) remains the most popular choice for the bulk of MBA aspirants, even though they find such exams both cumbersome and expensive.

These were some of the findings of the first-ever online survey of MBA aspirants, conducted by MBAUniverse.com, a New Delhi-based website.

It quizzed 445 aspirants in November 2013, who took CAT 2014 exams to the IIMs. The results are expected to be declared Tuesday.

"The survey brings out key insights which will help business schools and policy makers address concerns and initiate reforms," Amit Agnihotri, chairman, MBAUniverse.com, told IANS here.

Almost half the MBA aspirants relied on B-Schools' websites as the most credible sources of information. MBAUniverse.com was the second most preferred source for 29.3 percent, the survey said.

The aspirants sought greater transparency on placement track record, besides reduced fees and a regulatory body to oversee management education, according to the survey.

The respondents said they wanted to pursue MBA for boosting knowledge and skills while more than 65 percent wanted it for a better salary.
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