Delhi remains the most preferred destination for MBA education (27 percent), followed by Bangalore (25.4 percent), Mumbai (18.3 percent) and Ahmedabad (11.3 percent), according to the survey.

More than half the respondents said they spent around 10,000 on preparing for MBA entrance exams. The respondents included those who favoured lowering the application fee to less than 500.

But a staggering 94 percent still preferred CAT as their first choice, even though more than 10 MBA exams are held by various business schools every year, for admissions.

More than 66 percent preferred XAT (Xavier Admission Test), with the third and fourth places going to NMAT (Narsee Monjee Management Aptitude Test) at 45.8 percent, and SNAP (Symbiosis National Aptitude Test (SNAP), at 44.4 percent.

Admission tests by the Indian Institute of Foreign Trade (IIFT) came fifth, being preferred by 34.7 percent. IIFT is an autonomous business school established by the government of India in 1963.

Respondents suggested that the 140 B-schools which accept CAT results for admission should let applicants apply to a B-school after they secure CAT scores in January.
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