B-Schools Offering Scholarship through NMAT by GMAC

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    Graduate Management Admission Council in collaboration with 13 prestigious B-schools has announced exclusive scholarships for NMAT test takers. The awards are available for students pursuing flagship MBA programs at these B Schools. Each school will consider NMAT Score but the criteria to shortlist the students will be different as per the college. It is therefore a great opportunity for the candidates to apply for other B-Schools simultaneously. 

    Update: Changes introduced in NMAT 2020 Exam patterna dn marking structure Read Details Here

    • Gaurav Srivastava, GMAC South Asia Regional Director, said that ‘the organisation is committed to reaching out to all the students pursuing management studies. The scholarship will play an important role in enabling the candidates to accomplish their dream of pursuing their management degree/ diploma’.
    • NMAT 2020 official schedule has been released and the exam will be conducted from October 6 to December 19, 2020.
    • Application window will open from August 1, 2020 and candidates can choose upto 5 participating college to send their score. Colleges offering scholarship can be considered by candidates while filling their preferences or send their scores afterthe declaration of NMAT results. 

    The list of 13 B-Schools that offer scholarships to students on the basis of NMAT by GMAC score can be checked below with all the details.

    How to Avail Scholarships through NMAT?

    NMAT 2020 schedule has been released by GMAC. Candidates are required to register themselves before taking up the exam. In order to avail the scholarship aspirants have to keep in mind important dates and process to qualify the exam. Most importantly a well versed preparation is must from this very point of time. 

    Register for NMAT by GMAC

    Create an account on the official website nmat.org, insert contact information, education details,work experience and the required information. 

    • Select 5 schools and colleges to send your scores. Fees for these 5 colleges are included in NMAT application fee.
    • If candidates wish to send scores to more than 5 colleges, additional INR 200 + applicable taxes.
    • Though it should be kept in mind that in order to avail scholarships candidates have to select those schools which have a tie-up with GMAC.

    To enquire about registration you can use this email id nmatsupport@gmac.com and for further information please visit the official website.

    NMAT 2020 Dates

    NMAT 2020 Important Dates

    Registration – MainSaturday, August 1, 2020Monday, October 05, 2020
    SchedulingSaturday, August 1, 2020Sunday, October 18, 2020
    Late RegistrationTuesday, October 06, 2020Friday, October 16, 2020
    Registration - RetakeWednesday, October 07, 2020Wednesday, December 16, 2020
    Re-schedulingSaturday, August 1, 2020Wednesday, December 16, 2020
    Exam DeliveryTuesday, October 06, 2020Saturday, December 19, 2020
    Re-take SchedulingWednesday, October 07, 2020Wednesday, December 16, 2020
    Official Scorecard Download-Wednesday, March 31, 2021

    Exam will be conducted at 58 test centres across 46 cities throughout India and at 4 International centres. 

    Check Here NMAT 2020 Exam Dates

    Recieve NMAT 2020 Scores

    Recieve NMAT Scores

    The candidates will receive their scaled score for the sections and total for your NMAT by GMAC exam.

    The exam has three sections – Language Skills, Quantitative Skills and Logical Reasoning. The three sections of the NMAT by GMAC are individually timed. Test takers must answer questions of each section within the allotted time.

    SectionsNo. of questionsTime (Minutes)Score range
    Language Skills36280-120
    Quantitative Skills36520-120
    Logical Reasoning36400-120

    B-School offering NMAT Scholarship

    B- Schools offering NMAT by GMAC scholarship

    • Alliance School of Business, Bangalore
    • Athena School of Management, Mumbai
    • Bennett University, Greater Noida
    • BSE Institute Ltd, Mumbai
    • ITM Business School, Navi Mumbai
    • ISBR Business School, Bangalore
    • Jindal Global Business School, Delhi/NCR
    • SDA Bocconi Asia Center, Mumbai
    • Thapar School of Management, Punjab
    • SOIL, Gurgaon
    • BML Munjal University, Gurgaon
    • IILM University

    1. Alliance School of Business

    Established in Karnataka State, Alliance University is a Private University which is renowned for its extensive state-of-the-art campus in Bengaluru. It provides scholarship to all the qualified students who are top rankers.

    NMAT by GMAC ScoreScholarshipNo. of Scholarships
    210+50%Top 10 students
    180 to 20935%Top 10 students
    160 to 17925%Top 20 students
    • Candidates fulfilling the criteria of required minimum NMAT marks given above will be eligible for Alliance School of Business MBA or PGDM.
    • Top 10 ranking students in each of the categories would be awarded the scholarships.
    • It awards on the following criteria: Academic Performance; Nationalized Test Score and Candidate performance.

    2. Athena School of Management

    India’s one of Most Exclusive Business School, Athena, located in Mumbai. It provides scholarships to all the qualified students. The criteria required are given below:-

    Sl. No.NMAT by GMAC ScoreScholarshipNo. of Scholarships
    1.185+Silver-25% of fees3
    2.150+Bronze-Upto 20%As many

    It also has the following Scholarships available -

    • Profile Scholarship – An opportunity for all those students who had outstanding resume or EC achievements. Scholarships worth rupees lakhs are given to them.
    • Women in Management Scholarships – Special Scholarships are reserved for the female gender who are selected for admission.
    • Scholarships are available for Rotaractors/AIESECers both current & alumni and for NCC Cadets (Past & Present).

    3. Bennett University

    Bennett University is a private university located in heart of the city Noida, Uttar Pradesh, India. They provide wonderful percentage of scholarship according to the scores of the candidates. The following tables show the criteria that needs to be fulfilled:-

    Scholarship (first year)NMAT 2019 Score
    50%211 – 220
    30%196 – 210
    20%186 – 195
    10%175 – 185

    Additional Scholarship will be given only if the candidates have a work experience more than 2 years. The additional percentage is 5%.

    4. BML Munjal University

    BML Munjal University is located in Sidhrawali, Gurgaon district, Haryana. It provides scholarship to all the qualified students who score well.

    NMAT ScoreScholarship
    195 and above50% of the tuition fee
    181-19525% of the tuition fee
    160-18010% of the tuition fee

    5. BSE Institute Ltd

    BSE Institude limited is an Educational institution in Kolkata, West Bengal. The criteria that the candidate has to fulfill to qualify for the scholarship are:-

    • The candidate should score 180 and above in NMAT by GMAC.
    • Aggregate graduation scores 60% and above.
    • Top 5 eligible applicants will be given the scholarship.
    • All Applicant will have to appear for a Personal Interview round at the end.
    20% tuition fee waiver5

    6. IILM University

    IILM University is a private university located in Gurgaon, Haryana, India. It provides scholarship to all the qualified students who score well.

    NMAT ScoreScholarship

    7. ISBR Business School

    The ISBR Business School is a renowned management institute in India which has two branches, one in Bangalore and the other in Chennai. ISBR offers Scholarships in the form of tuition fee waivers upto 100% .

    NMAT by GMAC Cut-off Score100% full ride50% waiver on tuition fees25% waiver on tuition feesTotal Number of Scholarships to award
    A score of 200 and above5 Nos.5 Nos.5 Nos.15
    A score of 140 and above-5 Nos.5 Nos.10
    A score of 100 and above with participation certificate in national level sports in the last 2 years--
    1. Nos.

    8. O.P Jindal Global University

    ScoresAmount (IN INR)

    9.Thapar School of Management

    Thapar school of management gives 75 scholarships based on the merit list. Below is the description of various scholarships:

    ScholarshipNo. of scholarships

    10. Universal Business School

    Merit-based scholarship for NMAT by GMAC test-takers.


    11. SDA Bocconi Asia Center

    It was established in the year 2012, located in Mumbai. It is a private institute offering following waivers and scholarships:

    Tuition Fee Waiver

     It is offering merit based tuition waivers up to 80% for the IMB 2020-22 admitted candidates with an outstanding profile. Factors considered are academic excellence of the candidate, good NMAT scores, performance in extracurricular activities and personal interview marks. Waiver is granted to tuition fee after deduction of scholarship. 

    Dean’s Scholarship

    Granted on the discretion of the dean to meritorious students who make it to top 5% of the class. The decision is taken after completion of the first 11 month. The amount of the scholarship is INR 2 lac inclusive of GST. The monetary benefit is usually adjusted to the candidates second module (post 11 month) tuition fee.

    Women’s Leadership Scholarship

    In order to promote women candidates applying to IMB program,SDA Bocconi grants a scholarship of INR 2 lac. High potential female candidates posing extraordinary leadership andscademic skills are selected for scholarship. 

    Sports/Cultural Scholarship

    Candidates with high level performance in some sport/ cultural/art form preferably at National level are selected for this scholarship. Amount of INR 2 lac (inclusive of GST) is granted. Decision is made by the Scholarship Committee of the college and remains unchallenged. Supporting and valid documents are required to claim the award.

    12. ITM Business School

    ITM University Raipur offers 20% scholarship on academic fee, the same scholarship can be availed at ITM Vocational Vadodara. Theaward is grantedtocandidates who score 160+ in NMAT by GMAC.

    100% fee waiver is also granted to candidates who qualify exclusive ITM scholarship rounds as well. An amount of upto 1 crore is granted for scholarships by the institute. Thus candidates have a golden opportunity to apply for ITM and avail these benefits.

    13. SOIL

    Fee waive is granted to top 5 percentile candidates of NMAT, thus an outsatanding score in the netrance exam is required to be eligible. Amount granted is that of INR 2 lacs. 

    Need Based Scholarship

    Candidates with annual family income of less than INR 5 lakhs are considered for this scholarship. Though applicants from business  and self employed background are exempted from this. Even candidates having their qualifying degree from abroad will not be considered. Amount granted under this benefit is of INR 2.5 lacs.

    Merit Based Scholarship

    Students with exceptional academic record and interest in extracurricular activities will be placedunder this scholarship granted by SOIl University. An amount of INR 2 lacs is kept for such candidates under fee waiver.

    Captain Vikram Batra Scholarship For Defense

    Candidates from armed forces background clearing NMAT with good scores are granted this scholarship amount. Applicable to candidates whose parents have earlier served in Indian Defense Services. Scholarship amount is of 2.5 lacs.

    NGO Work Scholarship

    There are candidates interested in social work, for suchdedicated students clearing NMAT, SOIL provides amount of INR 2 lacs. The condition is candidates have to be actively involved in NGO while the scholarship is granted.

    GMAT, a US headquartered organisation bought NMAT in 2015. Thus the entrance exam has a global reach and abundance of opportunities for candidates to avail. 



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