Written BySayantani Barman Experta en el extranjero
The one and the only way to get to one of the most elite and prestigious MBA degrees is Business Schools. Every student aspires to get an MBA degree from one of the top Business Schools in the world. There are numerous business schools for both distant and regular MBA courses to choose from. Getting an MBA degree from an elite business school will add prosperity to your career. Another benefit of pursuing an MBA from a top college is the high-quality facilities they provide, all in terms of learning, teaching staff, and the environment.
While choosing the college keep all the factors in your mind like location, quality of teaching, the rank of the college, placement opportunities, etc. To get into the best Business School, you will need to qualify the eligibility criteria of the concerned university. To avoid any discrepancies in the future, make sure not to miss any detail regarding the university and the admission criteria.
While India provides a range of premier B-schools, the competition and population of students applying to these schools are humongous. Hence not all students can secure a seat in these institutes. The next best option, and sometimes the better option, is to apply abroad. The most important concern in this regard is the GMAT score required in top B schools. Although the GMAT cut off in top B schools keeps changing, depending upon the performance of the students in the exam, the range of minimum cut off stays constant which is usually between 500-750.
Admission Criteria in Top Management Schools in the World
When it comes to choosing a business school one can consider many factors like quality of teaching, standards, rank of school in the world OR country, Major courses available, and employment opportunities.
According to the business insider and other surveys the below listed universities/business schools were ranked by considering the following indicators.
Here are the five indicators considered to give rankings in the world.
- Reputation (35%)
- Average starting salary after graduation (25)
- Job placement (10%)
- Tuition and fees (15%)
- Average GMAT score (15%)
As the above four indicators are not in the hands of the candidate,So the candidate has to concentrate to improve his GMAT scores by giving frequent tests.
What is GMAT
The Graduate Management Admission Test (GMAT) is a computer adaptive test (CAT) where the syllabus aims at assessing certain analytical, writing, quantitative, verbal, and reading skills in written English for use in admission to a graduate management program, such as an MBA program of various B-schools in the world. It requires knowledge of certain specific grammar and knowledge of certain specific algebra, geometry, and arithmetic. The GMAT is a top grade test which not only assesses analytical writing and problem-solving abilities, but also addresses data sufficiency, logic, and critical reasoning skills which beliefs to be necessary to real-world business and management success. One can appear the test up to five times a year but not more than 8 times in total. Attempts must be at least 16 days apart.
Since, 16th April 2018, the Graduate Management Admission Council has shortened the GMAT exam by 30 minutes. Now, the exam is of 3 hours and 30 minutes including test instructions and breaks. The Verbal Reasoning and Quantitative sections were shortened by 13 and 10 minutes respectively. The Integrated Reasoning and Analytical Writing Assessment along with the Score Preview and the optional break time remained the same. These changes do not have any impact on scoring in the shortened Verbal Reasoning and Quantitative sections as only the unscored items have been removed by the GMAC. GMAT has a feature that provides candidates with the flexibility to customize their GMAT experience by choosing the section order in which they feel most comfortable taking the exam.
GMAT is the most widely accepted exam for MBA admissions worldwide, conducted by the Graduate Management Admission Council (GMAC). No other exam has as wide acceptability as GMAT. As per the GMAC, globally 9 out of 10 MBA enrolments are made through GMAT Score. Further, 2,300 + schools accept GMAT Scores for giving admission. Also, there are 650 testing centers in 114 countries that administer the GMAT Exam.
GMAT scores play an important role in MBA admissions in Top Management School. To get admission in a top-ranking Business school in India and abroad, the entry eligibility criteria is much tougher. Here, the average GMAT scores play an important role in the selection in the top MBA programs. It is the main parameter than any other parameter in the overall MBA application.
GMAT Cut-Off
Most of the business institutions in India and abroad accept the qualifying marks of GMAT. GMAT Cut-Off is the minimum mark that candidates must score in order to take admission in top-ranked B-Schools. Every participating institution has set a level of minimum marks that must be scored by the candidates coming for admission.
The cut-off for GMAT is decided by various institutions after the declaration of the GMAT Results. The admission process will include the selection process other than the GMAT score, past academic records along with a professional qualification. Candidates’ performance in the interview, MBA Essays, and the letter of recommendation also affect the scope of admission in a reputed B-School of India or abroad. Therefore, candidates appearing for GMAT are advised to work hard for it as the level of competition is very high. Candidates can plan their GMAT preparation and start preparing for this tough competitive examination.
Factors Determining GMAT Cut-Off
The usual bracket of Institutional Cut-Off ranges above 650 for both national and international colleges. The cut-off marks determined by an institution are based on various factors. These factors are calculated and sum up to finalize the cut-off marks for the candidates. Keeping these determining factors in mind candidates must strive harder to crack the examination so that they may get enlisted in the cut-off list. Following are the factors determining GMAT Cut-Off:
- Total number of candidates appearing for GMAT
- Total number of seats available
- The difficulty level of the examination
- Total number of candidates qualifying the GMAT
GMAT Cut-Off Marks for 100 Top Management colleges in the world
Average GMAT scores for MBA in USA
| GMAT Ranking | Business School | Average GMAT Score |
|---|---|---|
| 1 | Stanford GSB | 733 |
| 2 | Wharton (UPenn) | 732 |
| 3 | Chicago Booth | 726 |
| 4 | Harvard Business School | 725 |
| 5 | Kellogg (Northwestern) | 724 |
| 6 | Yale SOM | 721 |
| 7 | New York Stern | 720 |
| 8 | Tuck (Dartmouth) | 717 |
| 9 | MIT Sloan | 716 |
| 10 | Columbia University | 715 |
| 11 | Berkeley Haas | 715 |
| 12 | UCLA Anderson | 713 |
| 13 | Ross Michigan | 708 |
| 14 | Darden (Virginia) | 706 |
| 15 | UNC Kenan-Flagler | 701 |
| 16 | Cornell Johnson | 697 |
| 17 | Duke Fuqua | 696 |
| 18 | Washington Univ. (Olin) | 695 |
| 19 | McCombs (Texas-Austin) | 694 |
| 20 | Georgetown McDonough | 692 |
| 21 | Carnegie Mellon Tepper | 690 |
| 22 | Vanderbilt Owen | 690 |
| 23 | Foster (Washington) | 688 |
| 24 | Notre Dame Mendoza | 682 |
| 25 | Boston University | 682 |
| 26 | Florida (Hough) | 681 |
| 27 | Carlson (Minnesota) | 680 |
| 28 | Marshall (Southern California) | 679 |
| 29 | Emory Goizueta | 678 |
| 30 | Scheller (Georgia Tech) | 678 |
| 31 | Rice Jones | 676 |
| 32 | BYU Marriott | 674 |
| 33 | Carey (Arizona State Univ) | 672 |
| 34 | Iowa (Tippie) | 670 |
| 35 | Wisconsin-Madison | 669 |
| 36 | Kelley (Indiana) | 668 |
| 37 | Simon (Rochester) | 667 |
| 38 | Broad (Michigan State) | 664 |
| 39 | Fisher (Ohio State) | 664 |
| 40 | Smith (Maryland) | 658 |
| 41 | SMU (Cox) | 656 |
| 42 | Merage (UC-Irvine) | 656 |
| 43 | Mays (Texas A&M) | 654 |
| 44 | Illinois | 654 |
| 45 | Georgia Terry | 643 |
| 46 | George Washington | 642 |
| 47 | Smeal (Penn State) | 636 |
| 48 | Purdue Krannert | 635 |
| 49 | Temple (Fox) | 632 |
| 50 | Katz (Pittsburgh) | 607 |
Average GMAT scores for MBA in UK
| Business School | Average GMAT |
|---|---|
| University of Cambridge (Judge) | 680 |
| Cranfield University | 664 |
| Warwick | 658 |
| Imperial College Business School | 638 |
| City University: Cass | 635 |
| Manchester Business School | 630 |
| University of Bath | 610 |
| Lancaster University Management School | 601 |
Average GMAT scores for MBA in Europe | France, Spain, Switzerland
| Business School | Average GMAT | Country |
|---|---|---|
| INSEAD | 703 | France |
| HEC – Paris | 682 | France |
| IMD | 672 | Switzerland |
| IE Business School | 672 | Spain |
| Mannheim Business School | 671 | Germany |
| IESE Business School – Navarra | 669 | Spain |
| SDA Bocconi | 665 | Italy |
| ESADE | 660 | Spain |
| University of St. Gallen | 656 | Switzerland |
| European School of Mgmt (ESMT) | 645 | Germany |
| The Lisbon MBA | 645 | Portugal |
| Erasmus University (RSM) | 643 | Netherlands |
| TiasNimbas Business School | 620 | Netherlands |
| University College Dublin (Smurfit) | 619 | Ireland |
| Vlerick Business School | 600 | Belgium |
Average GMAT scores for MBA in Canada
| Business School | Average GMAT |
|---|---|
| University of Toronto (Rotman) | 672 |
| McGill University-Desautels | 655 |
| University of Western Ontario (Ivey) | 655 |
| Queen’s University | 650 |
| Univ of British Columbia (Sauder) | 646 |
| University of Alberta | 623 |
Average GMAT scores in Asia-Pac | India, Singapore, China, Australia
| Business School | Average GMAT | Country |
|---|---|---|
| Indian School of Business | 711 | India |
| IIM-A PGPX | 706 | India |
| IIM-B EPGP | 702 | India |
| CEIBS | 689 | China |
| Melbourne Business School | 677 | Australia |
| HKUST (Hong Kong) | 671 | China |
| Nanyang (NTU) | 670 | Singapore |
| University of Hong Kong | 664 | China |
| National Univ of Singapore (NUS) | 650 | Singapore |
| Australian School of Business:AGSM | 650 | Australia |
| CUHK Business School | 640 | China |
Don’t assume that the average score represents the whole. The range of GMAT scores may vary a lot. The difference between the minimum and maximum could be over a 100 points. A higher than average score helps you get into the safe zone.
*The article might have information for the previous academic years, which will be updated soon subject to the notification issued by the University/College.
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