In the modern era of globalisation, the pursuit of an MBA degree or a management course after graduation has become a trend among the working professionals as well as the young graduates.
The Graduate Management Admission Test (GMAT) is among the most sought after standardised tests for seeking admissions into recognized business schools. Considering this fact, many Indian colleges accepting GMAT have started including GMAT scores along with other criteria for the selection of candidates; thus allowing the candidates to demonstrate their capabilities in a competitive scenario.
This blog provides in depth exploration of GMAT, its application process and a detailed list of Indian colleges accepting GMAT scores along with the essential information about each institution.
What is GMAT?
The GMAT or Graduate Management Admission Test is a computer adaptive test, which is a standardised examination that is developed and delivered by the Graduate Management Admission Council (GMAC). It was originally intended for screening the applicants for the international business schools, however with time the exam became quite popular among the Indian colleges accepting GMAT as well. The test assesses skills such as thinking, evaluation of writing skill, mathematical training and speech aptitude thereby depicting the total measure of the skills of a candidate seeking advanced level business studies.
Importance of GMAT in India
It is important to recognize the significance of GMAT examination scores especially as Indian colleges accepting GMAT aims to attract direct diverse backgrounds including students from different backgrounds, including those from abroad, the use of GMAT scores as part of the admission criteria of these colleges has intensified. Well-performing GMAT candidates significantly improve the chances of getting into many top institutions, and consequently better job prospects in the future.
GMAT Exam Structure
The GMAT (Graduate Management Admission Test) primarily consists of four sections:
- Analytical Writing Assessment (AWA): This is the first section which requires candidates to write one essay. The time allowed is 30 minutes.
- Integrated Reasoning (IR): This section is made up of 12 questions, which tests the candidate’s ability to process and synthesise Information in different forms and from different sources within. The section is 30 minutes long.
- Quantitative Reasoning: In this section, candidates encounter 31 multiple-choice questions based on arithmetic, algebra, and geometry and have 62 minutes to answer all of them.
- Verbal Reasoning: This section contains 36 questions that test reading comprehension, critical reasoning, and sentence correction respectively. This section is to be finished in 65 minutes.
The GMAT has a total of 3.5 hours of examination time, and a scoring system of 200-800 is adopted. A score typically above 700 is deemed healthy for admissions into the top Indian colleges accepting GMAT
How to Prepare for GMAT
Preparing for GMAT is a prerequisite if you want to score high. There are various methods that the candidates can employ to prepare well:
- Study Materials: A plethora of GMAT preparation books exist to provide students with practice questions, test-taking approaches and detailed analysis of each section of the exam.
- Online Courses: Nowadays various online platforms offer GMAT preparation courses. Such courses include free, moderate and expensive paid program packages, and mostly comprise video demonstrations, tests and evaluative sessions.
- Mock Tests: Taking practical tests are essential as they simulate the exam environment and build skills. Full-length practice tests should be taken several times by the student.
- Study Groups: Supporting other revived energy in study groups helps some feel more determined, encouraged and responsible as it allows candidates to exchange tips and strategies for effective preparation.
These ways can help you achieve high scores increasing your chances at top Indian colleges accepting GMAT scores.
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Best Indian Colleges Accepting GMAT Score
Emphasising more on the increasing popularity of GMAT qualification, in recent days many eminent Indian colleges have come up with programs that require GMAT scores for entry. Below is a list of top Indian colleges accepting GMAT scores that one can prepare for along with their courses, fees structures and other relevant details.
1. Indian School of Business (ISB)
The Indian School of Business (ISB) is on the list of the best business schools in the World and top business schools in India. PGP is a course for working professionals focusing on building leadership, entrepreneurship and global business strategies. The scholars and professors are seasoned and spent years in the corporate world which creates a conducive environment for learning.
- Location:Hyderabad and Mohali
- Course Offered: Post Graduate Programme in Management (PGP).
- Duration: 12 months
- Fees: Rs. 34 Lakhs
- Average Package: Rs. 34.08 LPA
- Top Recruiters: Microsoft, Google, HCL, electronics arts, Honeywell
2. Indian Institutes of Management (IIMs)
IIM Ahmedabad
The IIM-A is one of the pioneering B-schools with a high degree of academic standards. The PGP program is a perfect blend of theory and practicability and equipped students to take roles in various leadership positions across sectors.
- Programs Offered: Post Graduate Programme in Management (PGP)
- Duration: 2 Years
- Fees: Rs. 30 Lakhs
- Average Package: Rs. 38.64 LPA
- Top recruiters: Accenture, Adidas, Amazon, Ericsson, Genpact, HSBC
IIM Bangalore
The EPGP at IIM Bangalore is directed towards middle level professionals but aims primarily on improvement of leadership and business skills. Management education in the program is very broad combining business theory with business practice and extensive use of analysis of real-world situation through case studies
- Programs Offered: Executive Post Graduate Programme (EPGP)
- Duration: 1 Year
- Fees: Rs. 29 Lakhs
- Average Package: Rs. 30.9 LPA
- Top Recruiters: Accenture AWS consulting, Microsoft, TCS
IIM Calcutta
The PGPEX program is specifically designed for experienced professionals seeking to accelerate their careers. It emphasises a global perspective on business management and incorporates international immersions and collaborations.
- Programs Offered: Post Graduate Programme for Executives (PGPEX)
- Duration: 1 Year
- Fees: Rs. 31 Lakhs
- Average Package: Rs. 36.79 LPA
- Top Recruiters: the BCG Group, Bank of America. Barclays
IIM Lucknow
IIM Lucknow provides a range of programmes that cater to diverse professional experience. With the focus on learning, leadership and international exposure, graduates benefit from the programme structured a massive learning approach, preparing them for impactful roles in global corporations.
- Program Offered: IMPX
- Location: West Bengal, Kolkata
- Fees: Rs. 26 lakhs
- Average Package: 24.66LPA
- Top Recruiters: Accenture, Amazon, Deloitte, Flipkart, BCG
IIM Indore
Known for being the second, IIM to receive triple crown accreditation, IIM Indore’s MBA executive programmes integrate analytical rigour with real world application, catering to experienced professionals and international candidates.
- Location: Indore, Madhya Pradesh
- Courses Offered: EPGP
- Fees: 21.12 Lakhs
- Average Package: 25.4 LPA
- Top Recruiters: Accenture Amazon, Aditya Birla group, Flipkart, Deloitte
3. SP Jain Institute of Management & Research (SPJIMR)
SPJIMR is known for its innovative curriculum and focus on values based leadership. The PGDM program prepares students for diverse management roles, emphasising experiential learning, social sensitivity and entrepreneurial thinking.
- Location: Mumbai
- Programs Offered: Post Graduate Diploma in Management (PGDM)
- Duration: 2 Year
- Fees: Rs. 17.88 Lakhs
- Average Package: Rs. 32.05 LPA
- Top Recruiters: Aditya Birla group L’Oreal, BCG, General Mills, HCL, Unilever
4. Xavier Labour Relations Institute (XLRI)
XLRI is best known for the ethics and values founded in management education. Designed for practice, the PGDM program is aimed at experienced practitioners of management and emphasises social concern in the programme.
- Location: Jamshedpur.
- Program Offered: PGDM in business management.
- Duration: 15 months
- Fees: Rs. 23.15 Lakhs
- Average Package: Rs. 17.8 LPA
- Top Recruiters: Microsoft, Google, Amazon, Flipkart, Uber, Ola Swiggy
5. Management Development Institute (MDI)
MDI has an arsenal of programmes of different nature concerning management, for instance that of human resource management and international business. The institution also has a strong emphasis on research and corporate relations which benefits students in availing networking opportunities.
- Location: Gurgaon
- Courses offered: PGDM, PGDM-HRM, PGDM-IB
- Duration: 2 years
- Fees:Rs. 23.47 Lakhs
- Average Salary: Rs. 23.80 LPA
- Top Recruiters: Microsoft, Amazon, Flipkart, Barclays, Accenture, Deloitte, Reliance, KPMG
6. Xaviers Institute of Management Bhuvaneshwar (XIMB)
XIMB focuses on experiential learning and has a strong emphasis on sustainability and ethical leadership. The programs are designed to equip students with the skills needed to thrive in a dynamic business environment.
- Location: Bhubaneswar
- Courses offered: MBA in Business Management, EMBA
- Duration: 2 years for MBA, 15 months for EMBA
- Fees: Rs. 17.3 Lakhs
- Average Salary: Rs. 17.54 LPA
- Top Recruiters: ICICI Deloitte, Nestlé Titan, IBM, Vedanta
7. Institute of Management Technology (IMT)
IMT focuses more on out of the box teaching along with the industry so that students fit in today’s dynamic business environment with ease. The program structure is a combination of core management courses and electives where students focus on courses appropriate for their career interests.
- Location: Ghaziabad
- Courses Offered: PGDM
- Duration: 2 years
- Fees: Rs. 19.53 Lakhs
- Average Package: Rs. 15.28 LPA
- Top Recruiters: Google, Bank of America, Amazon, Abbott, Accenture, Vedanta
8. Great Lakes Institute of Management (GLIM)
GLIM’s management education takes into account the integration of analytics and technologies. While the PGDM program is targeted to fresh graduates, the PGPM program designed for working professionals, thus both audiences are exposed to a very high level of academic rigour.
- Location:Chennai
- Courses Offered: PGDM and PGPM
- Duration:PGDM: 2 Years, PGPM: 1 Year
- Fees: Rs. 18.75 Lakhs
- Average Package: Rs. 12.5 LPA
- Top Recruiters: Microsoft, Zoom, JP Morgan, Nestlé, Adobe, Cognizant, Deloitte, Swiggy
How to Apply for Indian Colleges Accepting GMAT Scores
Indian colleges accepting GMAT scores have a series of processes that a student has to follow in order to gain admission into the college. Below is an elaborate explanation of the application process:
1. Register For GMAT: Create an account on the official GMAT website and register for the test.
- Prepare for the Exam: Utilise study materials, online courses and mock tests to enhance your performance.
- Take the GMAT Test: Schedule your GMAT exam and complete it.
- Select Colleges: During the exam registration, select up to five B-schools to send your scores. Make sure to choose those that align with your career goals.
- Send GMAT Scores
- Access your GMAT profile by entering your credentials.
- Access the ‘Send GMAT Score’ segment.
- Identify the appropriate programs or schools and the recipients of the scores.
- Review and complete your selections.
6. Track Application Status: After submitting your scores, keep track of your application status through the college’s admission portal.
Also learn the CAT Exam Syllabus
Conclusion
The landscape of management education in India is evolving, with more colleges recognising the significance of GMAT scores in the admission processes. With numerous Indian colleges accepting GMAT scores, candidates can explore a range of programmes tailored to their professional experience and aspirations.
Conduct thorough research on each institution’s curriculum, fees and placement statistics to make an informed decision. As you prepare for the GMAT and embark on this exciting journey, Best of luck on your journey to top Indian colleges accepting GMAT scores!!
