Indian B-schools that accept GMAT now include top names like IIMs, ISB, SPJIMR, and Great Lakes. The GMAT, once focused on international admissions, is now a key exam for India’s best management programs, giving students the freedom to apply for both Indian and international courses with just one exam.
Want to learn more about which top colleges you can use your GMAT score in, along with other key details like fees, placements and average salaries? Keep reading below.
Table of Contents
Is GMAT Accepted for MBA in India?
GMAT is widely accepted in Indian universities, and over the years, this has significantly increased as more schools are aligning their admission criteria with international institutes.
At Career Launcher Study Abroad, we have noticed a 30% increase in students using the GMAT to apply for Indian MBAs, especially working professionals who are targeting one-year programs.
Still, the extent to which GMAT is getting accepted varies from one university to another. For instance, IIMs primarily accept CAT for their two-year programs, but many B-schools accept GMAT scores for their PGDM programs, Executive MBA and 1-year MBA programs.
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Find the list of top MBA colleges in India that accept GMAT below:
| School | Program | Average GMAT Score | Fees (in Lakhs) | Average Salary (LPA) | ROI Ratio
(Average Salary/Fees) |
| IIMs | |||||
| IIM Ahmedabad | PGPX | 700+ | 35 | 29.6 | 0.99 |
| IIM Bangalore | EPGP | 710+ | 33.7 | 34.3 | 1 |
| IIM Calcutta | MBAEx | 700+ | 33.5 | 30.9 | 1.07 |
| IIM Indore | EPGP | 700+ | 22.12 | 27.5 | 1.6 |
| IIM Lucknow | IPMX | 680+ | 26.2 | 32.3 | 1.06 |
| ISB Hyderabad/Mohali | PGP | 710+ | 31.5 | 35 | 1.11 |
| SPJIMR Mumbai | PGDM | 650-740 | 26.5 | 32 | 1.21 |
| IMT Ghaziabad | PGDM | 600+ | 20.8 | 16.2 | 0.78 |
| NMIMS Mumbai | MBA (Core) | 620+ | 27 | 25.1 | 0.93 |
| Great Lakes Institute of Management, Chennai | PGPM | 600+ | 18.6 | 17.8 | 0.91 |
| TAPMI Manipal | PGDM | 610+ | 7.2-16 | 15.7 | 1.93 |
| XUB Bhubaneswar (Xavier University) | MBA | 600+ | 12-19 | 20.4 | 1.6 |
| IFMR GSB, Krea University | MBA | 600+ | 15 | 12.04 | 0.8 |
| LIBA Chennai | PGDM | 580+ | 19.1 | 11 | 0.73 |
*Data taken from the official websites of the colleges.
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Why Choose GMAT for MBA Admissions in India?
According to the GMAC, the percentage of Indian students opting for management courses in domestic colleges has increased to 53% from 41% in the year 2023-2024.
- GMAT allows you to apply to both Indian and international universities with a single exam, making it the most flexible and globally recognised pathway for MBA aspirants.
- GMAT is accepted in over 7000 programs worldwide
- GMAT scores are valid for up to 5 years and are available year-round, giving candidates great flexibility
If you are planning to apply to leading Indian B-schools using your GMAT score, explore our AI-integrated GMAT prep platform that personalises your study plan based on your target college.
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Return on Investment (ROI) is calculated based on how much a degree benefits you financially versus the total amount you have spent on it. This has been done in the table above, which measures the ROI ratio for several top Indian B-schools by dividing the average salary by the fees.
While salary is usually a key factor, the true ROI also depends on other benefits that a student receives from their education, like career advancement, global exposure, and powerful alumni networks.
Pursuing an MBA from these Indian colleges that accept GMAT will result in the following benefits:
- After completing their courses from these top colleges, most individuals experience rapid growth in their careers
- Schools like IIMs and ISB provide access to thousands of alumni who are working in top global companies
- These GMAT-accepting colleges often also have international accreditations, such as AMBA, AACSB, and EQUIS, which open doors to global opportunities for students
- Additionally, students gain excellent leadership, decision-making, and analytical skills, which continue to pay off even after their graduation.
How to Apply to Indian MBA Colleges with GMAT Scores
Step 1: Take the GMAT
- Register for the exam through the official GMAC website
- Ideally, you should take your exam 6-12 months before your target intake
- Based on your target colleges, aim for a score that is in line with them.
Step 2: Shortlist schools and courses
- Research colleges and courses based on your GMAT score range, fees and ROI.
- Some courses are for 1 year while others are for two. So, choose based on what you’re trying to achieve.
Step 3: Prepare for your application
- Most schools require the following documents:
- Your updated CV/ resume
- An essay or SOP that explains your career goals
- LORs from your employers or mentors
- Your academic transcripts and GMAT score report
Step 4: Submit your application
- Complete your application form online on the school’s official website
- Attach the necessary documents
- Some schools also allow students to self-report their GMAT scores initially and send official scores later via GMAC
Step 5: Attend interviews and other rounds
- Schools invite shortlisted candidates for a personal interview or conduct video interviews. Try communicating your goals and leadership experience effectively.
- Other universities also hold group discussions (GDs)
Step 6: Receive the offer and confirm your admission
- If you’re selected, you will receive an admission offer and payment details.
- Make sure to accept the offer within the deadline and plan for financial aid, if needed.
For detailed instructions, see our step-by-step GMAT Registration Guide.
Best GMAT Scholarships for Indian Students
The GMAT scholarship is primarily a merit-based scholarship, provided to alleviate the financial burden of students. These help in covering the expenses a student will have during their MBA degree and may cover the entire cost or a part of it.
Some business schools focus solely on GMAT scores to determine eligibility, while others may also consider academic scores along with the GMAT score.
Types of Scholarships
- Merit-based scholarship: Students with outstanding GMAT scores, academic achievements or professional accomplishments are awarded this scholarship.
- Need-based scholarship: Candidates who require financial assistance are given this scholarship so that they can alleviate their financial burden.
- External GMAT scholarship: These are given by external organisations or business schools and can have other specific eligibility criteria. Many leading Indian and international B-schools, such as ISB, SPJIMR, and IIMs, offer merit-based tuition waivers or fee reductions to attract top talent.
Top Indian B-schools that accept GMAT offer scholarships
| B-School | Scholarship Info |
| Indian School of Business (ISB), Hyderabad & Mohali | Merit-based scholarships ranging from ~25% to 100%
Considers both GMAT score + overall profile |
| S. P. Jain Institute of Management & Research (SPJIMR), Mumbai | Merit-cum-means scholarships offered |
| Great Lakes Institute of Management, Chennai | Scholarships listed for merit/academic excellence |
| NMIMS (Narsee Monjee Institute of Management Studies), Mumbai | Offers merit scholarships; a high GMAT may strengthen the case |
Students should always check the latest deadlines, specific scholarship names and if the scholarship specifically mentions GMAT score.
How do I avail the GMAT Scholarship?
- Aim for a high GMAT score: Aiming for a score higher than 700 increases your chances of availing the scholarship.
- Apply early: A lot of B-Schools allocate their scholarships in early rounds of admission, so submitting your application early increases your chances of getting the scholarship.
- Maintain a strong academic and professional record: Since these factors are important when your application is being considered, therefore, focusing on having a strong record will increase your chances.
- Check university requirements: Every university has different rules, due to which some scholarships are automatically considered with your MBA application, while others require a separate application or essay.
- Research external funding sources: There are several external grants available, such as the Inlaks Scholarship, JN Tata Endowment Loan Scholarship, or Narotam Sekhsaria Scholarship, many of which accept GMAT-qualified candidates.
GMAT vs CAT for MBA in India
| Feature | GMAT | CAT |
| Conducted By | GMAC | IIMs |
| Purpose | For MBA/PGDM programs globally and in India | For IIMs and top Indian B-schools |
| Exam Frequency | Conducted multiple times in a year | Once a year only (Nov-Dec) |
| Score Validity | Valid up to 5 years | Valid for 1 year |
| Exam Mode | Online, flexible scheduling | Computer-based, fixed date |
| Scoring Scale | 200-800 | Percentile (0-100) |
| Difficulty Type | Adaptive questions (changes based on your response) | Fixed difficulty |
| Marking Style | No negative marking | Imposes negative marking |
| Sections | Quantitative, Verbal, Data Insights, Analytical Writing (in GMAT Focus Edition) | Verbal Ability and Reading Comprehension (VARC), Data Interpretation and Logical Reasoning (DILR), and Quantitative Aptitude (QA) |
| Ideal For | Working professionals, global MBA aspirants | For students targeting IIMs or domestic MBAs |
| Preparation Time | 3-6 months | 6-9 months |
| Accepted by IIMs | For executive/1-year MBAs only | For 2-year PGP programs only |
CAT or MBA: Which one should you choose?
In conclusion, CAT is ideal for those candidates who are planning to pursue a two-year MBA from an IIM or other top B-schools in India.
But those who wish to seek global flexibility and have the ability to apply to both indian and international B-schools, then they should prefer giving the GMAT.
For students who have been preparing for the CAT and wish to take the GMAT after learning about its global opportunities, they do not need to start over.
Our AI-Integrated GMAT Bridge Program will help make this switch easily in just 30 days. With over 15 concept-building sessions, adaptive question practice, 5 full-length mocks, AI-powered performance tracking, and one-on-one mentorship, the course is designed to be the ideal bridge for CAT aspirants who are targeting global B-schools.
Ultimately, your choice should be based on the program and college you’re aiming for and if their requirements align with your preparation.
In conclusion, whether you are a working professional or a student targeting your first management degree, the GMAT opens doors to global exposure, flexibility and strong career opportunities.
If you’re planning to apply to an Indian B-school through GMAT, start with a clear strategy with the help of Career Launcher. With our experts, understand your target score, shortlist your dream colleges and prepare smartly.
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Do Indian MBA colleges accept GMAT scores?
Yes, many MBA colleges like ISB and some IIMs accept GMAT scores, especially for executive programs and one-year MBAs. GMAT is also considered for international or NRI students who apply to two-year flagship programs.
Can I apply to ISB with a GMAT score?
Yes, ISB requires GMAT scores for the Post Graduate Programme (PGP). But a high GMAT score alone does not guarantee admission, as you also need a good combination of work experience, Letters of Recommendation (LORs), Statement of Purpose (SOP), and a strong academic record.
Does IIM accept GMAT for the two-year PGP program?
Yes, some IIMs accept GMAT for the two-year PGP program. But most commonly, GMAT is for Executive MBA, PGPX and some other management courses. For full-time courses, IIMs require CAT scores. International students can use their GMAT scores to get admission in IIMs’ flagship programs.
How long is a GMAT score valid for Indian MBA programs?
GMAT scores are valid for 5 years from the date of the exam.
Are GMAT-accepting MBA programs in India globally recognised?
GMAT itself is an internationally accepted exam; therefore, GMAT-accepting MBA programs in India are globally recognised too. This makes GMAT-accepting Indian colleges valuable for both domestic and international career opportunities.
Is GMAT better than CAT for Indian MBA admissions?
Neither of the exams is “better”, and rather it depends on the goals, college, and the course one prefers. If the student seeks to join top colleges in India, then CAT is more suitable, but if one wishes to join international schools, then GMAT is highly recommended.
Can freshers apply to MBA colleges in India through GMAT?
Yes, freshers can apply as there are many colleges with specific programs like some 1-year or specialised programs that are designed for students with little to no experience.
What is a good GMAT score for MBA colleges in India?
Though a good GMAT score is relative, a score over 650 is generally considered competitive for top programs. For IIMs, you ideally need to aim for a score above 700 since the competition is quite high.
Do I need work experience to apply for GMAT-accepting MBA programs in India?
No, you do not need work experience, as some courses are designed specifically for freshers. Though most top colleges prefer work experience of 2-5 years for their flagship MBA/PGP programs.
How can I send my GMAT scores to Indian B-schools?
After taking the exam, you send your score to up to 5 schools for free through your GMAC account. Your additional score report can be sent later as well, for a nominal fee.
