GMAT 2020 NEWS

ONLINE TEST

    Indian Business Schools Accepting GMAT score

    Sayantani Barman Sayantani Barman
    Study Abroad Expert

    The number of applications from India for the Graduate Management Aptitude Test (GMAT) has been increasing in recent years, as many MBA colleges in India use GMAT scores for admission to their management courses. Even though the most popular MBA Entrance Exam in India is the Common Admission Test (CAT), the opportunities available amongst GMAT accepting colleges are nothing to pass by. Many Indian B Schools have even replaced popular MBA exams like MAT, CMAT, etc with GMAT.

    Over a hundred MBA Colleges in India accept the GMAT score, including IIMs, ISB, XLRI, SPJIMR, and many other top B-schools. These MBA Colleges offer both a year program as well as the two-year Flagship program. This also provides a great opportunity to foreign students, NRI students and the Persons of Indian origin (PIO) to apply for all the MBA programs in India on the basis of GMAT scores.

    Most of the Indian MBA Colleges accepting GMAT score offer one year program with some having a time duration of 12 months and a few with 15 months. For the two year program, MBA colleges accepting GMAT scores for Indian students have GMAT cut off in the range of 550 to 750. This means a GMAT percentile score range of 80 to 95. However, it comes with a pre-condition, as the score remains valid for just two years against the normal validity period of five years.

    Why GMAT not CAT?

    GMAT has been looked like a gateway to some great program across the world including India and there are a few reasons for it:

    • Scheduling flexibility – Candidate can schedule GMAT exam as per own requirement and flexibility, whereas CAT is conducted on a common day.
    • Opportunity for score improvement – CAT is conducted just once in a year and you cannot reappear for improvement until the test is conducted next year. In GMAT, in case the candidate requires retaking the exam, this can be done in a period of 16 days and can be taken 5 times a year with the capping of 8 exams in a lifetime.
    • Score validity – The CAT score is valid for only one year, whereas GMAT score is valid for 2 years (Indian B-schools with full-time program) or 5 years for one year MBA Course.
    • Many candidates who score less in CAT, also go on to get decent colleges through GMAT

    Apart from IIMs located across India, there are other business schools that also accept GMAT scores. Here is the listing below the top Indian B-Schools accepting GMAT in different cities across the country:

    AhmedabadIIM, MICA, Adani Institute of Infrastructure Management, Entrepreneurship Development Institute of India
    BangaloreIIM, Vanguard Business School, School of Business (Alliance University), BIMS, Acharya School of Management, Seshadripuram Institute of Management Studies, BIIM, IFIM Business School, ISBR Business School, Seshadripuram Institute of Management Studies, International School of Management Excellence, IBA
    BhubaneshwarXIM, Asian School of Business Management (ASBM), School of Management (International Institute of Management)
    ChennaiGreat Lakes Institute of Management, School of Management – SRM University, IFMR, National Management School, National Schools of Business and Management Private Limited
    CoimbatorePSG Institute of Management
    Delhi NCRFMS, ISBF, NIFT, Delhi School of Business, School of Management and Entrepreneurship, IILM Graduate School of Management, G L Bajaj Institute of Management and Research, Galgotias Business School, JRE School of Management, MDI, SOIL
    MumbaiS.P. Jain Institute of Management and Research, School of Management (NMIMS), K.J.Somaiya Institute of Management Studies & Research, National Institute of Securities Markets, Prin. L.N. Welingkar Institute of Management Development and Research, TISS, ITM, Centre for Management, MISB Bocconi – Bocconi India
    PuneSchool of Economics, TASMAC, Europe Asia School of Business, FLAME, College of Commerce (Shivaji University), School of Telecom Management, Lotus Business School, College of Commerce and Management, Apex Institute of Management, Pune Institute of Business Management, Sadhana Centre for Management & Leadership Development

    Other MBA Colleges with the campus at various locations:

    • ISB, Hyderabad & Mohali
    • IMT, Ghaziabad, Hyderabad, Nagpur & Dubai
    • ICFAI Business School, Hyderabad & Mumbai
    • IIFT, Delhi & Kolkata
    • IMI, New Delhi, Bhubaneswar & Kolkata

    Cost of taking up MBA in India using GMAT Score

    The cost of pursuing an MBA in top Indian B-Schools attracts large sums of money. However, with an attractive post-MBA salary package, the Return on Investment is no small thing. Thus, it is important to be aware of both the cost as well as the return on Investment before taking admission in top MBA Colleges.

    • The candidate studying in the Indian School of Business (ISB) would spend at least INR 33 Lacs on the course and the average salary post-MBA is around INR 22 Lacs.
    • At IIM Ahmedabad, the cost of the PGPX course is around INR 28 Lacs and the average salary is INR 24 Lacs. It is one most of the most sought after Indian B-School.
    • IIM – Bangalore, offering a course in EPGP, cost INR 28 Lacs with the return on investment of around INR 23 Lacs.
    • Candidates taking admission in IIM – Kolkata will pay up to INR 22 Lacs with the ROI of around INR 25 Lacs.
    • At the Xavier School of Management (formerly Xavier Labor Relations Institute, XLRI) the program of PGDM (GPM) cost INR 20 Lacs, with an average salary of INR 18 Lacs
    • Indian Institute of Foreign Trade (IIFT) offers an MBA course in International Business. With the fees of INR 8 Lacs and an average salary of INR 20 Lacs, is another lucrative option.

    Top recruiters and profiles offered in Indian B-Schools

    Companies like Deloitte, Amazon, PwC, Accenture consulting, HSBC, Microsoft, etc. hire the candidates for positions of Assistant Vice President, Consultant, Principal Consultants, Senior Manager (M&A), Product Manager, etc. Most of these companies offer high packages to the recruited candidates.

    For working professionals, the factor of the opportunity cost has to be considered. Thus, those who do not wish to pursue a full-time program can consider the one-year executive programs offered by the IIMs or the ISB. It is highly recommended to the working professionals having a work experience of three to four years, as it would open the doors to the leadership role or can help in switching careers.

    Why GMAT is a better option over other tests for admission to Indian B Schools?

    GMAT has been preferred over other tests due to multiple reasons of which a few are listed below:

    Score Improvement: A candidate who does not want to wait for the next year to better the performance, has an upper hand while taking GMAT, as GMAT allows the candidate to take up the exams 5 times in a year. This means that the candidate who wants to improve the score can try multiple attempts until satisfaction. The best part about this is that the best score out of all the examinations is considered. Candidates must ensure that they only consider retest when they know that there is a scope improvement as some of the Universities even take average scores of all the GMAT attempts.

    Skills tested: Many top recruiters rank GMAT higher than other tests as there criteria if skill matching is same as that of GMAT and that these skills will be valuable to them. Leadership roles in these companies require a person who can articulate an idea and convert them into proposals. Having a good score in Analytical Writing Assessment would even make your case for recruitment stronger.

    Validity of GMAT Score: The validity of the GMAT examination is of five years. This not only gives the candidate a chance to improve on the score further but to analyze if the same score would yield a better result next year. The candidates can even gain more work experience before sending applications to the Indian B-Schools. Meanwhile, there is a limit of two years on validity for those applying for the full-time MBA program in Indian B-Schools. Even the limit, as well as the work experience required for various universities, is different.

    Choosing the right program suitable to your current profile

    It can be sometimes difficult to evaluate the right type of course which can be best suited to the current profile. Given below are three different scenarios which can help in better evaluation:

    Scenario 1: If the candidate is a fresh graduate

    Preference: Two-year full-time MBA Course through a top Indian B-School. This is because, with little or no work experience, the candidate has more time to build a solid foundation. The two-year program offers more flexibility in time as well as knowledge gains. Other things include more opportunities for internships and acquiring a real-world business experience, networking opportunities.

    Scenario 2: Having work experience of two to five years

    Preference: Completely depends on career goals. If the foregone income is not an issue then a full-time program would be the best choice. However, many candidates are taking up executive programs as it is of a shorter duration, is in a condensed format and will even offer to switch the industry.

    Scenario 3: More than five years of work experience

    Preference: It depends on the current financial situation and career goals.

    Comments

    Comments



    No Comments To Show

    ×

    Related News & Articles

    June 06, 2020GMAT 2020

    MBA Colleges in Asia

    An MBA degree tags along with an endless list of b ...

    June 06, 2020GMAT 2020

    An Overview of MBA colleges i ..

    The business realm is changing and expanding relen ...

    June 05, 2020GMAT 2020

    Planning for GMAT Critical Re ..

    The Graduate Management Admission Test is a standa ...

    June 05, 2020GMAT 2020

    How to maintain a positive at ..

    GMAT is one of the toughest management entrance ex ...