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Top MBA Colleges Accepting NMAT

Updated on 31st August 2023 | 10:29 am | #NMATColleges

The NMAT is a national-level MBA Entrance Exam conducted by GMAC (Graduate Management Admission Council). One of the major reasons for the popularity of the NMAT Exam is the fact the NMAT Score is accepted by several top colleges across the world. More than 45 colleges in India accept NMAT by GMAC exam as an entry route for MBA admission. Most aspirants take NMAT to get admission in NMIMS’ flagship MBA program across Mumbai, Hyderabad, and Bengaluru campuses.

The minimum eligibility criteria for the NMAT is that a candidate should have completed a bachelor's from a recognized college/university with a minimum aggregate of 50% or equivalent grade point average.

NMAT is taken in a 70-day window and the registration can be done by visiting the official website of NMAT by GMAC. Students are allowed a maximum of three retakes of NMAT and there needs to be a gap of fifteen days between two retakes of the examination.

Start Preparing for NMAT 2023

NMAT 2023: Timeline

According to the NMAT notification, the registrations for NMAT are open. The official timeline for NMAT 2023 is as follows:


Open on

Close on

NMAT Registration Dates

1st August 2023

10th October 2023


1st August 2023

12th October 2023


10th October 2023

19th December 2023

For the NMAT notification, click here

B-schools Accepting NMAT Scores

As the number of NMAT Colleges increases, it becomes essential for the candidate to keep track of the NMAT Colleges to which they might be eligible. While there are several colleges that accept the NMAT Score, there are only a few NMAT Colleges that almost all the aspirants will be looking to get into. These colleges are focused on in this section:

NMIMS Mumbai

  • NMAT score is required for all MBA programs offered
  • The average fee for an MBA in NMIMS is INR 9.6 LPA
  • The average placement package is 26.63 LPA


  • The Global Management Programme accepts NMAT test scores
  • The fee ranges from INR 20 to 60 lakhs, including partner school costs
  • Placements are from INR 66 to 94 LPA in the US & INR 39 to 60 LPA in the UK

XIM University

  • NMAT is accepted for all MBA programs except Business Management
  • The average fee for an MBA program is INR 12 LPA
  • The average placement package is INR 20.03 LPA

ISB Hyderabad

  • NMAT accepted for the Advanced Management Program in Business Analytics
  • The fee for the program is Rs 10.85 lakhs
  • Placements are not provided by the university

Other B-schools accepting NMAT scores

There are 45+ institutes that accept the NMAT scores for admission to their MBA programs in India. Here is a list of some of the B-schools as per the official list

  • K J Somaiya Institute of Management
  • SDA Bocconi Asia Center
  • A. Pai Management Institute (TAPMI)
  • ICFAI Business School
  • Shiv Nadar Institute of Management Studies
  • FLAME University
  • Athena School of Management, Mumbai
  • Thapar School of Management
  • SOIL Institute of Management
  • BML Munjal University
  • Bennett University
  • Universal Business School
  • SRM University Chennai
  • Chitkara University
  • Alliance University
  • Amity University
  • Jindal Global Business School - Delhi/NCR
  • VIT University
  • Hyderabad Business School, GITAM University
  • Lovely Professional University, Phagwara, Punjab

B-schools Accepting NMAT Scores: Outside India

NMAT scores are accepted not only in India but also in South Africa, Morocco, Nigeria, Philippines, and Hungary with over 25 universities. Here is a country-wise list of a few institutes:

South Africa

  • Gordon Institute of Business Science (GIBS)
  • University of Cape Town (UCT)
  • Milpark Business School
  • Tshwane School of Business and Society, Tshwane University
  • Rhodes Business School


  • Asian Institute of Management
  • De La Salle University
  • Paul University Manila
  • School of Business Administration, Arellano University


  • Caleb University, Nigeria
  • Lagos Business School
  • Afe Babalola University


  • Corvinus University of Budapest


  • Africa Business School

NMAT Application Form for B-schools

A candidate gets an option of selecting up to 5 Top NMAT Colleges schools from the list of participating colleges during NMAT registration. If a candidate wants to apply to more than 5 colleges, an additional fee of Rs 300 + taxes will be charged per scorecard.

GMAC sends the NMAT report to the preferred universities after the declaration of the result. The colleges set a minimum cut-off as an admission barrier to sift the candidates based on various parameters including 10th, 12th, and graduation grades, gender diversity, and work experience.


While the names of the top NMAT colleges seem to be extremely alluring, the choices should not be made on reputation alone. Numerous factors including program offered, location, placements, and fees come into play as per an individual’s requirements.

NMIMS Mumbai remains the top choice for MBA admissions through the NMAT Exam. On the other hand, ISB is a good opportunity for working professionals looking to upgrade themselves or someone who is extremely interested in the field of Machine Learning.

NMAT has the longest testing window of 70 days and candidates can make a maximum of 3 attempts per year. To register, candidates can apply through the online registration application available on the official website now that registrations are open.