Sounak Banerjee Associate Content Manager
Associate Content Manager
Indian students sit for GMAT for 3 types of MBA Admission. The most popular reason for taking GMAT is to study MBA abroad. Top MBA colleges in India like ISB, IIMs, XLRI, SPJIMR, Great Lakes accept GMAT scores for various Postgraduate management courses.
GMAT or Graduate Management Admission Test is conducted by GMAC for admission to MBA courses in both India and Abroad. GMAT scores are accepted globally across the world. The exam is serving as a good alternative to other popular MBA exams like CAT, XAT, CMAT, etc.
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- GMAT was started by GMAC 60 years ago and is one of the most widely used exams for admission into business schools.
- According to GMAC, there were 124112 students sitting for GMAT exam in 2022.
- The representation of women applying for GMAT is around 45-46% from 2018 to 2022.
- Around 2,00,000 candidates sit for GMAT to get admission to Top MBA colleges every year.
- Approximately 7,000 MBA, as well as Masters programs, use GMAT score.
- MBA Admission through GMAT is acceptable in over 2300 schools all around the world
- MBA from IITs can be sought after appearing in GMAT Entrance exam. Top colleges like IIT Bombay accepts GMAT score (650 Cut-off).
- Over 110 countries are sent the test reports and with around 650 exam centres present in 114 countries, MBA through GMAT is one of the most popular exams.
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MBA Through GMAT: Highlights
| Exam Name | GMAT |
| GMAT Full Form | Graduate Management Admission Test |
| GMAT Conducting Body | GMAC (Graduate Management Admission Council) |
| Mode of Exam | Computer Based Adaptive Test (CBT) |
| GMAT Fees | US $250 (INR 18,700 approx) |
| GMAT Score Range | Min 200, Max 800 |
| GMAT Contact Details | +91 120-439-7830, 9 a.m. to 6 p.m. Indian Standard Time Fax: +91-120-4001660. Email: GMATCandidateServicesAPAC@ pearson.com |
Indian Colleges Accepting GMAT Score
| Colleges Names | Course Name | Duration | GMAT Cutoff Score | Average Fees | Average Salary Offered |
|---|---|---|---|---|---|
| IIM Ahmedabad | PGPX | 12 Months | 720 | INR 21,00,000 | INR 26,13,000-INR 33,00,000 |
| IIM Calcutta | MBA Ex | 12 Months | 701 | INR 27,00,000 | INR 27,80,000 |
| XLRI Jamshedpur | PGDM General Management | 15 Months | 710-730 | INR 23,90,000 | INR 25,08,000 |
| IIM Indore | EPGP | 15 Months | 700+ | INR 17,09,000 | INR 23,60,000 |
| IMT Ghaziabad | Post Graduate Diploma in Management | 2 Years | 699+ | INR 17,50,000 | INR 10,00,000-INR 15,00,000 |
| MDI Gurgaon | National Management Programme (NMP) | 15 Months | 680-700 | INR 21,34,000 | INR 23,10,000 |
| S.P Jain Institute of Management and Research (SPJIMR), Mumbai | PGPM | 15 Months | 650 | INR 17,00,000 | INR 25,86,000 |
| IIM Bangalore | Executive Post Graduate Programme (EPGP) | 12 Months | 710 | INR 23,00,000 | INR 28,98,000 |
| IIM Lucknow | Post Graduate Programme in Management | 2 Years | 710 | INR 19,25,000 | INR 26,00,000 |
| Xavier University (XIMB) | MBA | 2 Years | 550 | INR 10,80,000 | INR 15,51,000 |
Top GMAT Accepting Colleges in the World
Candidates who wish to study MBA from abroad, are required to crack the GMAT entrance examination for admission to the top business schools around the world. There are more than 114 countries who accept the GMAT score for MBA admission. The following are the list of the top colleges in the USA, UK, Canada and Australia that accept the GMAT score
MBA through GMAT: Colleges in USA
The following are the list of top colleges in the USA accepting GMAT score, the cutoff and fees
| College Names | Average GMAT Cutoff | Average Fees |
|---|---|---|
| Stanford University | 737 | INR 87,28,925 |
| Kelloggs School of Management, Northwestern University | 732 | INR 96,78,812 |
| Yale University | 730 | INR 76,22,490 |
| University of Chicago | 730 | INR 106,87,774 |
| University of Pennsylvania | 730 | INR 83,98,854 |
MBA through GMAT: Colleges in UK
The following are the list of top colleges in the UK accepting GMAT score, the cutoff and fees.
| College Names | Average GMAT Cutoff | Average Fees |
|---|---|---|
| London Business School | 708 | INR 95,57,156 |
| University of Cambridge | 690 | INR 60,79,900 |
| University of Oxford | 690 | INR 80,86,468 |
| London School of Economics and Political Science (LSE) | 708 | INR 23,10,301 |
| The University of Warwick | 660 | INR 45,26,971 |
MBA through GMAT: Colleges in Canada
The following are the list of top colleges in Canada accepting GMAT score, the cutoff and fees.
| College Names | Average GMAT Cutoff | Average Fees |
|---|---|---|
| University of Toronto | 665 | INR 77,26,249 |
| University of British Columbia | 650 | INR 43,17,795 |
| McGill University | 694 | INR 60,09,543 |
| Université de Montréal | 625 | INR 443,723(per session) |
| York University | 660 | INR 64,56,110 |
MBA through GMAT: Colleges in Australia
The top colleges in Australia that accept GMAT scores along with their fees structure are
| College Names | Average GMAT Cutoff | Average Fees |
|---|---|---|
| University of Melbourne | 705 | INR 50,53,123 |
| University of New South Wales | 650 | INR 49,73,653. |
| Australian National University | 600+ | INR 23,14,441 |
| University of Sydney | 600+ | INR 25,97,644-29,08,232 |
| RMIT University | 550+ | INR 21,14,838 |
MBA Through GMAT: Cost and Fees
The cost of taking a GMAT exam depends on the location, in India the cost structure is as follows:
| Product or Services | Cost |
|---|---|
| GMAT Exam | USD 250 (INR 18,450) |
| Enhanced Score Report | USD 30 (INR 2,200) |
| Additional Score Report | USD 35 each (INR 2,600) |
| Cancel Score | USD 25 (INR 1,845) |
| Reinstate Score | USD 50 (INR 3,690) |
| AWA Essay Rescoring | USD 45 (INR 3,320) |
| GMAT Handbook | Free Handbook |
| More than 60 days before the appointment | USD 50 (INR 3,690) |
| 15-60 days after the appointment | USD 100 (INR 7,380) |
| 14 days and less before the appointment | USD 150 (INR 11,070) |
| More than 60 days after the appointment | USD 100 Refund (INR 7.380) |
| 15-60 days after the appointment | USD 75 Refund (INR 5,535) |
| 14 days and less before appointment | USD 50 Refund (INR 3,690) |
Eligibility for MBA Through GMAT
Before GMAT registration, candidates should know about the minimum eligibility criteria required for GMAT. The following criteria are required for GMAT eligibility.
- Applicants should have a basic educational qualification from any registered university or college
- Candidates should be a minimum of 18 years of age, if a candidate is below 18 years then require a no-objection certificate from the guardian.
- A candidate must have a valid passport to appear for GMAT.
- Applicants can appear for GMAT only 5 times a year and 8 times a lifetime.
- Candidates can appear for GMAT only after 16 days of the first held exam.
- There is no specific requirement for work experience but this criterion is preferred by the top business schools of the world.
MBA Through GMAT Scholarship for Indian Students
GMAT is conducted to measure candidates’ analytical skills. GMAT is a computer-adaptive test and mainly the candidates willing to study graduate courses in business take this test. Candidates often search for scholarships to fund their Business School expenses. There are several available scholarships, like
- Need-Based Scholarships
- Merit-Based Scholarships
- Grants
| Scholarships | Eligibility | Amount in USD (Approx) |
|---|---|---|
| Joseph Wharton Fellowship | Students with excellent professional, personal, and academic records | 80, 432 |
| Emerging Economy Fellowship | Candidates of two year MBA program | 55, 847 |
| Social Impact Fellowship | Students with an interest in serving non-profit organizations | 30,000 |
| Horace W. Goldsmith Fellowship | 7-10 first-year MBA students with experience working in a non-profit organization | 10,000 |
| HBS Fellowship Program | Students with minimal financial resources to pursue higher education | 40,000 (per year) |
| Stanford Reliance Dhirubhai Fellowship | 5 students who are willing to return to India after the program ends for 2 years | 150,000 |
| Dr. Tahir Fellowship | Students of undergraduate degree programs from an Asian country | 40,000 |
| Akhtar Ali H. Tobaccowala Scholarship | Indian students | 10,000 |
| B.K Birla MBA Scholarship | 10 students in business programs | 2,12,12,775 for 10 students |
| Forte MBA Fellowship for Women | Female students based on merit | 28, 263 |
| The Willard M. Bollenbach Jr. 1949 Fund | Students with excellent academic achievement and intellectuality | 10,000 - 29,290 |
| INSEAD Christina Law MBA ‘91D Endowed Scholarship for Asian Women | Female students with academic achievements who have completed all their studies in Asia and showed the desire to work for their country | 14, 597 |
Read More here on GMAT Scholarships
MBA Through GMAT: Exam Pattern
Candidates should have a detailed overview of the MBA Admission through GMAT. Such well-depicted details will help the candidates for preparation purposes.
The GMAT is divided into 4 sections; the students are scored separately on the first two sections and the last two sections. The final score is a combination of the candidate’s score in the different sections. The sections are:
- Analytical Writing Assessment
- Integrated Reasoning
- Quantitative
- Verbal
Four sections of GMAT are as follows:
| Section | Area and Timing |
|---|---|
| Analytical Writing Assessment | 1 essay in 30 minutes with Argument Analysis |
| Integrated Reasoning | 12 Questions in 30 minutes, Reasoning Graphical Interpretation, Analysis |
| Quantitative Reasoning | 31 Questions in 62 minutes with Problem Solving and Data Sufficiency. |
| Verbal Reasoning | 36 Questions in 65 minutes with Critical Reasoning and Comprehension |
Read More here about GMAT Pattern & Syllabus.
MBA Through GMAT: Score Calculation
GMAT is a computer-adaptive test or CAT, which means that the computer adapts to the performance of the candidate while taking the test.
- As a candidate starts the GMAT, the computer assumes an average score and starts with a question of medium difficulty.
- As the candidate goes on answering the questions correctly, the computer increases the difficulty level of the questions.
- On the other hand, if a candidate answers questions incorrectly, the computer decreases the level of difficulty.
- The final score is determined not only on the basis of the number of correct responses but also on the difficulty level.
- The adaptive nature does not give the candidate the option to skip questions or go back to previous questions.
- There is negative marking for questions unanswered, so time management is of key importance.
Candidates will be scored on a fixed scale on all the sections of GMAT. Only GMAT Verbal and GMAT Quantitative scores are included in GMAT score whereas AWA and GMAT IR are included in the syllabus to measure the analytical aptitude of the candidates. GMAT Score report includes:
| Section | Marks |
|---|---|
| GMAT Quantitative Score | 6-51 |
| GMAT Verbal Reasoning | 6-51 |
| Analytical Writing Assessment | 0-6 |
| Integrated Reasoning | 1-8 |
- The Analytical Writing Assessment, which is an essay question, is marked by the human reader and a computer based program.
- The Integrated Reasoning section is not adaptive but the candidate cannot leave questions unanswered.
- Quantitative and Verbal sections are adaptive in nature.
MBA Through GMAT: Exam Duration
- The GMAT is of 3.5 hours which includes the test taking time and the breaks which are available to the students.
- However, this does not include the time required for checking in at the centre; hence it is advised to candidates to reach the centre at least 30 minutes before the exam.
MBA Through GMAT: Test Centres
- The GMAT is conducted year-round at Pearson VUE centres, an entire list of test centres is available here.
- Candidates are advised to register for their GMAT date early so that they have enough time to prepare for the exam.
- A candidate can take the GMAT once every 16 days, up to 5 times in a 12 month period and up to 8 times in total.
MBA Through GMAT: FAQs
Ques. Why take GMAT for MBA admission?
Ans. There are several ways to get into a good business school including CAT, MAT, XAT, SNAP and many more, so why should a candidate sit for GMAT, here are some reasons why GMAT is important if a candidate wants to get into a good business school:
- GMAT was started by GMAC 60 years ago and is one of the most widely used exams for admission into business schools.
- As per FT-100 Global MBA Programs, 9 out of 10 MBA Admissions were done through GMAT score in 2017.
- Around 2,00,000 candidates sit for GMAT every year.
- Approximately 7,000 MBA as well as Masters programs use GMAT score.
- GMAT is acceptable in over 2300 schools all around the world.
- Over 110 countries are sent the test reports.
- There are around 650 exam centres present in 114 countries which conduct GMAT exams.
Ques. Is the GMAT score accepted in India for admission in MBA?
Ans. Top-rated institutions in India that accept GMAT scores.
Here is a list of the top-rated institutions in India which accept GMAT scores-
- IIM, Ahmedabad
- IIM, Calcutta
- XLRI, Jamshedpur
- IIM, Indore
- IIM, Kozhikode
- IMT, Ghaziabad
- MDI, Gurgaon
- S.P Jain Institute of Management and Research, Mumbai
Ques. Who administers the GMAT exam?
Ques. For how long are GMAT scores valid?
Ques. Can we use Aadhar Card as identification for GMAT?
Ques. Does IIM Ahmedabad accept GMAT scores?
Ques. How many business schools in India accept GMAT?
Ques. Is Scholarship available for GMAT?
Ans. GMAT is conducted to measure candidates’ analytical skills. GMAT is a computer-adaptive test and mainly the candidates willing to study graduate courses in business take this test. Candidates often search for scholarships to fund their Business School expenses. There are several available scholarships, like
- Need-Based Scholarships
- Merit-Based Scholarships
- Grants
Ques. What is the normal GMAT score?
Ques. What is a decent GMAT score?
Ques. How does GMAT scoring work? How is the score calculated?
Ques. How many times can one take GMAT?
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