Which Indian B-School Will you Choose

List of Indian B-Schools Accepting GMAT Scores in 2020

Last updated on August 3rd, 2020

Reading Time: 34 minutes

There are more than 100 Indian B-schools accepting GMAT scores for their MBA programs. And we are sure that every MBA aspirant, at least from India, will want to know the details of the Indian B-schools accepting GMAT scores now.

So, this article will provide you with valuable information about the top Indian B-schools accepting GMAT scores in 2020. By the way, have you taken the GMAT yet? 🙂

As you go through this article, you will find details on the location of the B-schools, average GMAT scores required, tuition fees, courses offered, renowned alumni, and also about the average pay you can expect after you graduate. And that is almost all that you need to know about the Indian B-schools accepting GMAT scores, before you make a decision about your MBA application, right?

But, if you feel that you need more information on a particular Indian B-school accepting GMAT scores, please click on the link provided at the end of each section. You will be able to access all the information about the particular B-school.

We understand that you are here to know which are the Indian B-schools accepting GMAT scores so that you can apply to them either this year or next year. And so, we won’t waste any more of your time.

Here’s the list of the Indian B-schools accepting GMAT scores in 2020:

1. Faculty of Management Studies – New Delhi

2. Indian Institute of Foreign Trade – New Delhi

3. Indian Institute of Management (IIM-A) – Ahmedabad

4. Indian Institute of Management, (IIM-B) – Bengaluru

5. Indian Institute of Management, (IIM-C) – Calcutta 

6. Indian Institute of Management – Lucknow

7. Indian Institute of Technology – Madras

8. Indian School of Business – Hyderabad

9. Indian School of Business – Mohali

10. School of Management, NMIMS – Mumbai

11. S.P Jain Institute of Management and Research – Mumbai

12. XLRI – Xavier School of Management – Jamshedpur

You must be relieved to know that you have many options to choose from! That too, such renowned Indian B-schools with years of experience in training batches and batches of MBA graduates.

So now, let us look at the relevant details of each B-school so that it is easier for you to narrow down your preferences.

1. Faculty of Management Studies (FMS), New Delhi

The Faculty of Management Studies takes pride in the fact that they focus more on management studies than just business management. Being a part of the Delhi University, the institute is said to collaborate with them and get inputs from various departments. And this is said to provide a deeper understanding and a much wider view for the students.

  Name of the College Faculty of Management Studies
  Average GMAT Score
FMS accepts GMAT scores only from foreign nationals. Such candidates must have a minimum score of 650
  Average Work experience
2-3 years
  Tuition Fees

 
i. MBA –  INR 10,480 per annum

 ii.MBA (Executive) –  INR 50,000 per annum

  Location
New Delhi
  Courses Offered


i. MBA

 ii. MBA (Executive)

 iii. MBA (Executive Healthcare Administration)

  Renowned FMS Alumni


i. Raghav Bahl- Founding/Controlling Shareholder & Managing Director, Network 18

 

 ii. Anupama Verma – Model, actress, and television personality from Lucknow. She was a contestant on Bigg Boss 1 in 2006.

 iii. Harit Nagpal- MD & CEO, Tata Sky Ltd

 iv. Ira Singhal – Indian Civil Services Examination Topper 2014 (Conducted by UPSC)

 v. Nishikant Dubey – Nishikant Dubey is a member of the 16th Lok Sabha of India.

  Average Pay Package
INR 20,60,000

2. Indian Institute of Foreign Trade, New Delhi

As the name of the Indian B-schools suggests, the institute focuses on providing training in international business and exports to applicants from the corporate sector, the government and the student community. This top Indian B-schools is the right place for an MBA candidate who aspires to become an international business executive.

  Name of the College Indian Institute of Foreign Trade
  Average GMAT Score
IIFT accepts GMAT scores only from foreign students. 
Indian students are required to write the IIFT exam.
  Average Work experience
3 years
  Tuition Fees


 

i. MBA (International Business) – INR 16,70,000
ii. MBA (Executive Course) – INR 3,50,000
iii. Certificate Programme in Export Management – INR 75,000
  Location
New Delhi
  Courses Offered

i. MBA (International Business)

ii. MBA (Executive Course)

iii. Certificate Programme in Export Management

  Renowned FMS Alumni

i. S.K. Roongta, Former Chairman of Steel Authority of India ltd.

ii. Rashesh Shah, Founder of Edelweiss Capital

iii. Sulab Vij, Economic Times Young Leaders, 2019

iv. Krishnan Mishra, Top 100 Global Leaders in Education, 2019

v. Rishi Pardal, CEO and MD, United Breweries

  Average Pay Package
INR 18,41,000

3. Indian Institute of Management, Ahmedabad (IIMA)

Ranked as one of the premier management schools in the country, IIMA programs are highly ranked internationally as well. IIMA is an institute that tries to emphasize on a high-performance work environment for its students at the same time encouraging creativity and collaboration.

  Name of the College Indian Institute of Management
  Average GMAT Score

The IIMA average GMAT score is 700
  Average Work experience
5 years
  Tuition Fees


Starts at INR 24,50,000
  Location


Ahmedabad

 

  Courses Offered

 

i. MBA-PGPX – Post Graduate Programme in Management for Executives ii. Two-year PGPM

  Renowned FMS Alumni

 

i. Ajay Singh Banga – President and Chief Executive Officer, MasterCard

ii. M. S. Banga – Senior partner, Clayton Dubilier & Rice

iii. Sarthak Behuria – Former Chairman of Indian Oil Corporation, Former Chairman and Managing Director of Bharat Petroleum

iv. Sanjeev Bikhchandani – Founder and Executive Vice Chairman, Infoedge and naukri.com

v. Piyush Gupta – Chief Executive Officer, DBS Bank

  Average Pay Package
INR 22,14,000

4. Indian Institute of Management (IIM), Bangalore

Along with providing several high-quality programmes to students, IIMB also has key partnerships and collaborations with Goldman Sachs for women entrepreneurship and with Michael and Susan Dell Foundation for incubation of nonprofits. They also collaborate with NITI Aayog for scaling up of new ventures.

  Name of the College Indian Institute of Management
  Average GMAT Score
The average IIMB GMAT score is 700
  Average Work experience
5 years
  Tuition Fees


  • PGP – INR 18,50,000 (Indian Candidate)
  • PG PPM –INR 11,60,000
  • PGPEM – INR 14,50,000 (To be paid in eight installments)
  Location
Bangalore
  Courses Offered

 

i. PGP

ii. PGPPM

iii. PGPEM

iv.PGPX

  Renowned FMS Alumni

 

i. Damodar Mall (PGP 1986), CEO, Reliance Retail.

ii. Deepak Ohri, CEO, Lebua Hotels & Resorts.

iii. Malavika Harita (PGP 1982), CEO, Saatchi & Saatchi Focus.

iv. Sameer Suneja (PGP 1994), Global CEO, Perfetti Van Melle.

v. Shashi Sinha (PGP 1981), CEO, IPG India.

  Average Pay Package
INR 21,42,000

5. Indian Institute of Management, Calcutta (IIMC)

IIMC focuses on all facets of Management Education and is one of the finest B-schools in Asia. They give a lot of importance to the residential experience because they believe that it gives their students an opportunity to build lifelong relationships and also inculcate the teamwork culture.

  Name of the College Indian Institute of Management
  Average GMAT Score
 
The average IIMC GMAT score is 718
  Average Work experience
5 years
  Tuition Fees


i. PGPEX – INR 22,00,000
ii. PGPEX-VLM – INR 11,25,000
  Location
Calcutta
  Courses Offered

 

i. PGP

ii. PGPEX 

iii. PGPEX-VLM

iv. PGDBA

  Renowned FMS Alumni

 

i. Ajit Balakrishnan, Founder and Chief Executive Officer of Rediff.com; Chairman of the Board of Governors of IIM Calcutta

ii. Vikrant Bhargava, Co-founder and Group Marketing Director, PartyGaming

iii. Ashish Chauhan, Managing Director and CEO, Bombay Stock Exchange

iv. Pranay Chulet, Co-founder and CEO of Quikr

v. Sunil Duggal, Chief Executive Officer of Dabur

 

  Average Pay Package
INR 20,00,000

6. IIM, Lucknow

  Name of the College Indian Institute of Management
  Average GMAT Score

700
  Average Work experience
6 years
  Tuition Fees

 

i. Post Graduate Programme in Management (PGPM) – INR 14,16,000

ii. Post Graduate Programme in Agri-Business Management (PGP-ABM) – INR 14,16,000

iii. Post Graduate Programme in Securities Markets (PGPSM) – INR 14,16,000

iv. Working Managers Programme (WMP) – INR 12,65,000

  Location 

Lucknow

  Courses Offered

 

i. Post Graduate Programme in Management (PGPM)

ii. Post Graduate Programme in Agri-Business Management (PGP-ABM)

iii. Post Graduate Programme in Securities Markets (PGPSM)

iv. Working Managers Programme (WMP)

  Renowned FMS Alumni

 

i. Prerna Bhutani, Partner at India Quotient

ii. Amitabh Thakur, Famous RTI activist and IPS

iii. Gaurav Agarwal – 2013 Civil Services topper, IAS officer

iv. Shailesh G Jejurikar – CEO, Fabric and Homecare, Procter & Gamble

v. Lakshminarayana KR – Former Chief Strategy Officer, WIPRO

  Average Pay Package
INR 18,45,000.

7. Indian Institute of Technology (IIT-DoMS), Madras

The Indian Institute of Technology in Chennai is renowned for its engineering programme. Then why do an MBA there, right? While it is called the Department of Management Studies at IIT, you get to experience the entire ecosystem of the IIT campus while you are there. Moreover, the university ensures active student exchange programmes for those who join the course.

  Name of the College Department of Management Studies, IIT Madras (DoMS)
  Average GMAT Score
 
IIT-DoMS accepts the GMAT score only from foreign students.
Indian candidates need to appear for CAT.
 
  Average Work experience
2 years
  Tuition Fees

 

INR 1,89,000 per annum

  Location


Chennai/Madras

  Courses Offered

 

i. Master of Business Administration (MBA)

ii. Post Graduate Programme for Executives for Visionary Leadership in Manufacturing (PGPEX-VLM)

iii. PhD Programme in Management

  Renowned FMS Alumni

 

i. T. K. Alex, Padma Shri Awardee, Former Director at ISRO Satellite Centre, Bangalore

ii. Krishna Bharat – Creator of Google News; Principal Scientist, Google

iii.  Bhaskar Bhat, Managing Director, Titan Co. Ltd.

iv. Varun Sehgal, Director, Zomato

v. Chirag Jain, Founder, Get My Parking

  Average Pay Package
NR 14,80,000

8. Indian School of Business (ISB) – Hyderabad

The Indian School of Business (ISB) was founded, keeping in mind the leadership needs that have been emerging in Asia over the past years. And so, the B-school is committed to creating young leaders out of their MBA candidates. The Hyderabad campus of the B-school is its first campus and was established in 2001.

  Name of the College Indian School of Business
  Average GMAT Score
 
The ISB, Hyderabad average GMAT score is 709
  Average Work experience
4.5 years
  Tuition Fees

 

Starts at INR 25,00,000

  Location
Hyderabad
  Courses Offered

 

While the courses at ISB can be divided into three main categories — Post-Graduate Programmes, Advanced Management Programmes and Doctoral Studies, you can find them further divided into:

i. PGPM

ii. Management Development Programmes

iii. Custom Designed Programmes

iv. PGPMAX

v. YLP-Young Leaders Programme

  Renowned FMS Alumni

 

i. Neeraj Arora, Vice President, WhatsApp

ii. Ajith Andare, COO, Viacom

iii. Nalin Jain, CEO, GE Rail

iv. Sameer Khetarpal, SLT, Amazon

v. Sriram Venkataraman, CFO, Flipkart

  Average Pay Package
INR 20,90,211

9. Indian School of Business (ISB) – Mohali

Though the Mohali campus of the Indian School of Business was set up almost 11 years after the Hyderabad campus, the faculty members that teach at both the B-schools are the same. The campuses are different in the way that the Hyderabad campus is spread over acres of land and attracts a lot more students than the Mohali campus. But ISB Mohali actually offers two additional courses to its students.

  Name of the College Indian School of Business
  Average GMAT Score
 
The ISB, Mohali average GMAT score is 708
  Average Work experience
Minimum 2 years
  Tuition Fees

 

Starts at INR 25,00,000

  Location
Mohali
  Courses Offered

 

While the courses at ISB can be divided into three main categories — Post-Graduate Programmes, Advanced Management Programmes and Doctoral Studies, you can find them further divided into:

i. PGPM

ii. Management Development Programmes

iii. Custom Designed Programmes

iv. PGPMAX

v. YLP-Young Leaders Programme

  Renowned FMS Alumni

 

i. Ankur Warikoo, CEO, Nearbuy

ii. Viren Rasquinha, Indian field hockey player

iii. Ravinder Singh, Best selling Indian author of nine novels

iv. Shvetha Jaishankar, Indian Model

v. Sujayath Ali, CEO, Voonik

  Average Pay Package
INR 20,90,211

10. Narsee Monji Institute of Management Studies (NMIMS), Mumbai

Just like many other top B-schools, NMIMS also focuses on accepting candidates from diverse backgrounds and believes that this practice helps students gain more knowledge from each other. The B-school also focuses on leading their students to become future change makers and responsible citizens.

  Name of the College Narsee Monji Institute of Management Studies
  Average GMAT Score
 
The average NMIMS GMAT score is 600
  Average Work experience
2 years
  Tuition Fees

 

i. MBA – INR 17,50,000

 ii. MBA Pharma – INR 10,50,000

 iii. MBA HR – INR 17,50,000

 iv. MBA Family Business – INR 18,00,000

 v. Executive MBA – INR 5,00,000

 vi. PGDM Bangalore/ Hyderabad/ Navi Mumbai/ Indore – INR 14,50,000

  Location
Mumbai
  Courses Offered

 

i. MBA

 ii. MBA – Pharma

 iii. MBA – HR

 iv. MBA – Family Business

 v. Executive MBA

 vi. PGDM Bangalore/ Hyderabad/ Navi Mumbai/ Indore

  Renowned FMS Alumni
 
i. Avani Davda – ex-CEO, Tata Starbucks India

 ii. Harish Iyer – LGBT activist

 iii. Kiran Janjani – actor

 iv. Aruna Jayanthi – CEO, CapGemini India

 v. Rakesh Khanna – CEO and President, Syntel

  Average Pay Package
INR 17,58,000

11. SP Jain Institute of Management and Research (SPJIMR), Mumbai

The SP Jain Institute of Management and Research (SPJIMR) offers programs that even provides the students with a global curriculum and perspective. The institute welcomes students from diverse backgrounds and have courses that are open to people who are looking to get back into their careers after a break.

  Name of the College S.P Jain Institute of Management and Research
  Average GMAT Score

 

The SP Jain average GMAT scores are:

i. 650 for Indian applicants
ii. 600 for international students.
  Average Work experience
5 years
  Tuition Fees

 

Starts at INR 17,87,000

  Location
Mumbai
  Courses Offered

 

i. PGDM

 ii. PGPM

 iii. PGCIM

  Renowned FMS Alumni
 
i. Rajesh Jejurikar, President and Chief Executive – Farm Equipment & Two Wheelers, Mahindra & Mahindra Ltd
 ii. Madan Padaki, Co-founder and Director of Sylvant Advisors

 iii. Sunil Lulla, Chairman and MD of Grey Group, India

 iv. Girish Wagh, Sr. Vice President & Head Project Planning and Program Management of Tata Motors

v. Shiju Radhakrishnan, Founder and CEO of iTraveller.com
  Average Pay Package
INR 19,30,000

12. Xavier School of Management (XLRI), Jamshedpur

Xavier School of Management is one of the oldest management institutes and focuses on inculcating a culture of innovation and entrepreneurship in their students. Being one of the pioneers in internationalizing their programmes, XLRI looks to provide a global outlook through their management programmes.

  Name of the College Xavier School of Management
  Average GMAT Score

 

The average XLRI GMAT score is 660

  Average Work experience
5 years
  Tuition Fees

 

i. PGDM (BM) INR 20,00,000

 ii. PGDM (HRM) INR 20,00,000

 iii. PGDM (GM) INR 18,50,000

 iv. EXE-FPM INR 8,50,000

  Location
Jamshedpur
  Courses Offered

 

i. PGDM (BM)

 ii. PGDM (GM)

 iii. PGDM (BM) part-time (JSR)

 iv. PGDM (Global BM)

  Renowned FMS Alumni

 

i. Muthuraman, Vice-Chairman, Tata Steel Ltd.

 ii. Krishnakumar Natarajan, CEO of MindTree

 iii. Leena Nair, Global Senior Vice-President (Leadership & Organisation Development),Unilever plc

 iv. Rakesh Kapoor, Chief Executive Officer,Reckitt Benckiser

 v. Vineet Nayar, Vice-Chairman & Joint managing director, HCL Technologies Ltd.

  Average Pay Package
INR 19,21,000

So, these are the top Indian B-schools accepting GMAT scores in 2020. Now that you have enough details about each of these B-schools, we are sure that you can easily shortlist the schools that you wish to apply to.

If you feel that you need more information on any of these top Indian B-schools, please don’t forget to click the link provided at the end of each section. You will gain access to all the details pertaining to the B-school there.

As you would have seen, you need to have prior working experience to apply to these Indian B-schools accepting GMAT scores. And this is something we ask all the MBA aspirants when they come to us.

While you can get into certain B-schools across the world with GMAT scores and without work experience, these top Indian B-schools accepting GMAT scores expect you to apply for their MBA programs after you have gained some experience at least.

So, if you feel that you are still unsure about the B-schools you should apply to, feel free to talk to our experts. They will help you to shortlist the B-schools based on your profile.

Commonly Asked Questions

  • What is the best GMAT score for B-schools?

The best GMAT score for B-schools varies from one B-school to another. We have mentioned the required average GMAT score for the top Indian B-schools accepting GMAT scores above. It is always good to have a high GMAT score. But even if you don’t, you might be able to bag a B-school admit by showcasing a good MBA profile.

  • What is the GMAT cut-off for ISB?

As mentioned in the article above, the average ISB GMAT score is 709 and 708 at Hyderabad and Mohali respectively. But even if you have a slightly lower GMAT score, you might still be able to get an admission based on your profile and also based on the GMAT scores provided by other applicants.

  • Is GMAT accepted at IIM?

Top Indian B-schools accepting GMAT scores include all the IIMs. You can check out the average IIM GMAT score in the article.