Dear PD,
If you can wait and feel that you can perform better than your last attempt in CAT then I would suggest you should start working so that you can show some work experience. Interviewers don't like students who take gap year just to prepare for CAT entrance exam since CAT is an aptitude test, not an exam which requires the learning of facts and figures, unlike JEE or NEET and then you should write CAT exam in the coming November. No offence to these colleges but you will spend around 12-15 lakh and you won't get the placement of more than 6 lakh per annum from this college provided if you are in top 10% of your batch. A graduate who studied from a mediocre college earns between 3-4 lakh per annum so do you feel that a jump from 4 lakh to 6 lakh per annum with so much of investment is worth it? If you feel that you can work harder than before and can score percentile of at least 88 then only take a drop. If you don't feel that you can get a percentile around 90 in CAT then don't take a drop because even if you start with a low package, if you work hard then you can get better.
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