Think u hit the nail on its head. Need a lot of career counseling for students b4 they venture into these things... Its particularly needed for people who make it into the IIMs, mainly b'cz they were tested only on their IQs and not on the other intelligences (as u had mentioned)... But for people like me (who were on the losing side for the 2nd time) I still don't rue over the time spent. The coaching definitely improved my reading skills atleast...I also formed a huge group of friends all having the same chemistry of CAT mania.. So has its pros and cons I guess