The Graduate Management Admissions Test (GMAT) is a standardized test that measures a candidate's aptitude for business and management studies. It is a highly sought-after admission criterion for many leading business schools around the world. Globally, over 7,000 programs offered by more than 2,100 business schools accept GMAT scores. In India, there are several colleges and universities that accept GMAT scores as a part of their admission process. These colleges offer MBA and other management programs, and the GMAT scores are used to evaluate a candidate's skills in areas like critical thinking, problem-solving, and data analysis.
Additionally, foreign students, NRI students, and PIOs can apply to any MBA program in India using their GMAT scores
Some colleges offering one year MBA programs, and their fee ans salaries have been given in the table below.
The following table gives an overview of some colleges in India that offer two year courses based on GMAT scores, along with their tuition fee and average salaries.
In terms of salaries and fees, the IIMs are known to offer competitive compensation packages to their students. The average starting salary for an IIM graduate is often among the highest for management students in India, and can range anywhere from 10-20 lakhs per annum to over 30 lakhs. However, the fees for an IIM program can be quite high, with some IIMs charging several lakhs of rupees for a two-year program. Despite this, many students still consider the investment to be worth it due to the prestige of an IIM degree and the opportunities it can open up in their careers.
The following table shows the general trends for fees and salaries for one year MBA programs at top IIMs that accept GMAT scores
Also read: GMAT Exam India Center wise Exam dates and Addresses
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GMAT is rapidly increasing in popularity in India, with over a hundred colleges accepting GMAT scores. Not only do international business schools accept the GMAT, but some of the top MBA colleges in India, such as the IIMs, ISB, XLRI, SPJIMR, and many other leading B-schools, also consider the test as part of their admissions process.
Many students in India choose to study and prepare for the GMAT in order to increase their chances of being accepted into top MBA programs both domestically and abroad. The difficulty of the GMAT can vary depending on the individual. Some Indian students may find the GMAT challenging, while others may feel that it is manageable. The GMAT is designed to test a student's critical reasoning, quantitative abilities, and English language skills, and preparation can greatly impact a student's performance on the test.
Generally, the Verbal Reasoning section might end up being challenging for Indians, as english is not their native language.
All of the 20 Indian Institutes of Management (IIMs) accept GMAT scores as part of their admissions process. However, the exact weight given to GMAT scores may vary from one IIM to another, as they each have their own unique admission criteria and process.
It's also worth noting that some IIMs have specific programs, such as the executive MBA or distance learning MBA programs, that may have different requirements for aadmissions. If you are interested in applying to an IIM, I would recommend checking the admission criteria for the specific program you are interested in, as well as reaching out to the admissions office for further guidance.
The GMAT is a popular test among Indian students who are interested in pursuing a graduate degree in business or management, both domestically and abroad, Every year, around 25,000 Indians give the GMAT in hopes of getting into top B-schools all around the world. The competition for aspirants stays high, as more than 200,000 people take the GMAT every year.
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A "good" GMAT score can vary depending on several factors, such as the business schools you are applying to and their average GMAT scores for admitted students, as well as your own individual academic and professional background.
Typically, a score of 700 or above is considered a good GMAT score. This is because a score of 700 or above puts you in the top 25th percentile of all test-takers and is competitive for many top business schools
1. What is the application fee for top one-year MBA colleges in India? |
2. Which are the top IIMs offering one-year MBA programs based on GMAT scores? |
3. What is the minimum and average work experience required for top IIMs accepting GMAT scores? |
4. Which Indian universities accept GMAT scores for MBA admissions? |
5. What are some frequently asked questions (FAQs) about pursuing an MBA in India using GMAT scores? |
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