Are you wondering which GMAT accepting colleges in India you can apply to for your MBA? While there are hundreds of Indian B-schools accepting GMAT scores, you should definitely be aware of the top GMAT accepting colleges in India for MBA programs so that you can easily shortlist the right B-schools. And that is why we have created the list of the top 50 Indian B-schools accepting GMAT scores.
If you have taken the GMAT and are sure that you want to apply to the top GMAT accepting colleges in India for MBA, you will be able to shortlist the B-schools by the time you get to the end of the article. But if you are not sure whether you should take the GMAT or the CAT, you should read this article first >> [2021 Updated] GMAT vs CAT: How to Choose the Right MBA Entrance Exam.
Here’s something you should know about the GMAT: Unlike a CAT score, a GMAT score will be of help even after you graduate from a business school as well. The recruiters will assess your skills based on your performance in different sections of the GMAT. Whereas, when it comes to B-school admissions, they just look at your composite score (out of 800).
So, in this article, we will not only list out the top 50 GMAT accepting colleges in India for MBA. We will also understand the programs they accept GMAT scores for, the average GMAT scores required to apply to these colleges, and the fees for these MBA programs.
Here’s an outline of what we will discuss in this article:
1. Which are the 50 GMAT accepting colleges in India for MBA?
2. What is the ROI from top MBA programs in India you can apply to with GMAT scores?
3. Which Indian B-schools require GMAT 700+ score?
4. Which Indian B-schools accept less than GMAT 650 score?
5. How to apply to other MBA programs offered by top B-schools in India?
The top 50 GMAT accepting colleges in India are:
1. Indian School of Business (ISB), Hyderabad
2. Indian School of Business (ISB), Hyderabad
3. Indian Institute of Management (IIM-A), Ahmedabad
4. Indian Institute of Management (IIM-B), Bangalore
5. Indian Institute of Management (IIM-C), Calcutta
6. Indian Institute of Management (IIM-L), Lucknow
7. Indian Institute of Management (IIM-K), Kozhikode
8. Indian Institute of Management (IIM-I), Indore
9. Xavier Labour Relations Institute (XLRI), Jamshedpur
10. Management Development Institute (MDI), Gurgaon
11. Indian Institute of Management (IIM-T), Trichy
12. Indian Institute of Management (IIM-U), Udaipur
13. SP Jain Institute of Management and Research (SPJIMR), Mumbai
14. Indian Institute of Management (IIM), Ranchi
15. Indian Institute of Management (IIM), Rohtak
16. Great Lakes Institute of Management, Chennai
17. Narsee Monjee Institute of Management Studies (NMIMS), Mumbai
18. TA Pai Institute of Management (TAPMI), Manipal
19. International Management Institute (IMI), Delhi
20. Indian Institute of Management (IIM), Shillong
21. Xavier Institute of Management, Bhubaneswar
22. Indian Institute of Management (IIM), Kashipur
23. BML Munjal University, Gurgaon
24. Alliance University, Bangalore
25. Amity University, Noida
26. FORE School of Management, Delhi
27. Goa Institute of Management, Goa
28. International Management Institute (IMI), Kolkata
29. Vellore Institute of Technology, Vellore
30. KJ Somaiya Institute of Management, Mumbai
31. Institute of Management Technology (IMT), Nagpur
32. Institute of Management Technology (IMT), Hyderabad
33. International Management Institute (IMI), Bhubaneswar
34. IIHMR, Jaipur
35. University of Petroleum and Energy Studies, Dehradun
36. Xavier Institute of Management and Entrepreneurship (XIME), Bangalore
37. Indian Institute of Management (IIM), Amritsar
38. FLAME University, Pune
39. MS Ramaiah Institute of Management, Bangalore
40. Indian Institute of Management (IIM), Sambalpur
41. GITAM Institute of Management, Visakhapatnam
42. GITAM Hyderabad Business School, Hyderabad
43. Birla Institute of Technology and Science (BITS), Pilani
44. SRM School of Management, Chennai
45. Adani Institute of Infrastructure Management, Ahmedabad
46. LM Thapar School of Management, Chandigarh
47. Masters’ Union School of Business, Haryana
48. Institute of Insurance and Risk Management, Haryana
49. Indian School of Business and Finance, Delhi
50. Institute of Management Technology, Ghaziabad
We have listed 50 B-schools that accept GMAT scores of domestic applicants. Almost all business schools in India accept GMAT scores of international applicants for all their MBA programs. If you are an Indian applicant, the above-mentioned are the top B-schools that you can apply to with your GMAT score.
You can check out more details below.
1. Which are the 50 GMAT accepting colleges in India for MBA?
If you are keen on applying to Indian B-schools with your GMAT score, you should definitely know the programs you can consider to make an informed decision.
In the table below, you will find 50 Indian B-schools that accept GMAT scores, their locations, MBA programs they accept GMAT scores for, fee, and the average GMAT score required.
| Top 50 Indian Business Schools Accepting GMAT Scores of Domestic Applicants | ||||
| GMAT accepting Indian B-school | Location | Average GMAT score | MBA Program Offered | MBA program fee |
| Indian School of Business (ISB) | Hyderabad | 709 | PGP | ₹35,98,940 |
| Indian School of Business (ISB) | Mohali | 709 | PGP | ₹35,98,940 |
| Indian Institute of Management (IIM-A) | Ahmedabad | 702 | PGPX | ₹28,00,000 |
| Indian Institute of Management (IIM-B) | Bangalore | 709 | EPGP | ₹27,50,000 |
| Indian Institute of Management (IIM-C) | Calcutta | 690 | PGPEx | ₹27,00,000 |
| Indian Institute of Management (IIM-L) | Lucknow | 710 | IPMX | ₹23,50,000 |
| Indian Institute of Management (IIM-K) | Kozhikode | >650 | EPGP | ₹13,00,000 |
| Indian Institute of Management (IIM-I) | Indore | 650 | EPGP | ₹20,10,000 |
| Xavier Labour Relations Institute (XLRI) | Jamshedpur | 686 | Executive PGDM | ~₹20,00,000 |
| Management Development Institute (MDI) | Gurgaon | 660 | PGDM - NMP | ₹15,35,000 |
| Indian Institute of Management (IIM-T) | Trichy | NA | PGPBM | ₹11,80,000 |
| Indian Institute of Management (IIM-U) | Udaipur | NA | One Year MBA - DEM or GSCM | ₹18,50,000 |
| SP Jain Institute of Management and Research (SPJIMR) | Mumbai | 660 | PGPM | ₹19,90,000 |
| Indian Institute of Management | Ranchi | NA | PGEXP | ₹12,50,000 |
| Indian Institute of Management | Rohtak | >650 | EPGP | ₹6,50,625 |
| Great Lakes Institute of Management | Chennai | 600 | PGDM PGPM | ₹17,15,000 ₹19,25,000 |
| Narsee Monjee Institute of Management Studies (NMIMS) | Mumbai | 600 | MBA (Part-Time) | ₹6,01,500 |
| TA Pai Institute of Management (TAPMI) | Manipal | 630 | PGDMPGDM - BKFSPGDM - HRMPGDM - Marketing | ₹15,10,000 |
| International Management Institute | Delhi | NA | Executive PGDM | ₹12,00,000 |
| Indian Institute of Management | Shillong | NA | PGPEx | ₹18,70,000 |
| Xavier Institute of Management | Bhubaneswar | 550 | MBA EMBA | ₹18,30,000 ₹15,00,000 |
| Indian Institute of Management | Kashipur | 600 | MB-WX | ₹9,50,000 |
| BML Munjal University | Gurgaon | NA | MBA | ₹11,00,000 |
| Alliance University | Bangalore | 500+ | MBA | ₹13,50,000 |
| Amity University | Noida | 550 | MBA | ₹7,00,000 |
| FORE School of Management | Delhi | 650 600 600 | PGDM PGDM-IB PGDM - FM | ₹15,98,000 |
| Goa Institute of Management | Goa | 600 | PGDM PGDM-HCM | ₹13,30,625 |
| International Management Institute (IMI) | Kolkata | NA | MBA/PGDM | ₹13,00,000 |
| Vellore Institute of Technology (VIT) | Vellore | NA | MBA | ₹7,00,000 |
| KJ Somaiya Institute of Management | Mumbai | 550-600 | MBA | ₹16,29,000 |
| Institute of Management Technology | Nagpur | NA | PGDMPGDM - Finance PGDM - Marketing | ₹12,12,000 |
| Institute of Management Technology | Hyderabad | NA | PGDM PGDM - Executive | ₹12,03,000 ₹5,00,000 |
| International Management Institute | Bhubaneswar | NA | PGDM PGDM - Part-time | ₹12,27,000 ₹4,50,000 |
| IIHMR | Jaipur | NA | MBA | ₹9,60,000 |
| University of Petroleum and Energy Studies | Dehradun | 400+ | MBA | ₹14,19,500 |
| Xavier Institute of Management and Entrepreneurship (XIME) | Bangalore | 650+ | PGDM | ₹11,00,000 |
| Indian Institute of Management | Amritsar | NA | EMBA | ₹9,50,000 |
| FLAME University | Pune | NA | MBA MBA (Communications Management) | ₹16,50,000 ₹15,50,000 |
| MS Ramaiah Institute of Management | Bangalore | NA | PGDM | ₹7,00,000 |
| Indian Institute of Management | Sambalpur | NA | EMBA | ₹9,00,000 |
| GITAM Institute of Management | Visakhapatnam | NA | MBA | ₹7,20,000 |
| GITAM Hyderabad Business School | Hyderabad | NA | MBA | ₹7,20,000 |
| Birla Institute of Technology and Science | Pilani | NA | MBA | ₹9,00,000 |
| SRM School of Management | Chennai | NA | MBA/PGDM | ₹7,00,000 |
| Adani Institute of Infrastructure Management | Ahmedabad | NA | PGDM | ₹7,60,000 |
| LM Thapar School of Management | Chandigarh | NA | MBA Executive MBA | ₹8,28,360 ₹4,80,000 |
| Masters’ Union School of Business | Haryana | NA | PGP | ₹18,70,000 |
| Institute of Insurance and Risk Management | Hyderabad | NA | PGDM | ₹8,00,000 |
| Indian School of Business and Finance | Delhi | 650+ | PGDM | ₹4,48,960 |
| Institute of Management Technology | Ghaziabad | NA | PGDM PGDM - Finance PGDM - Marketing | ₹12,12,000 |
*Note: The schools have not been ranked in any particular order. It is just a curation of the list of 50 Indian B-schools that accept GMAT scores.
NA – The accepted average GMAT scores for the particular B-schools are not available.
Quick Fact!
In India, the GMAT scores are accepted by B-schools mostly for their executive MBA programs or MBA programs for working professionals. It is not common to find an Indian B-school accepting GMAT scores for their regular MBA programs. But if you have to apply to B-schools abroad, you have to take the GMAT or, in some cases, the GRE.
2. What is the ROI from top MBA programs in India you can apply to with GMAT scores?
You know the 50 GMAT accepting colleges in India for MBA. You also know the program(s) they accept the GMAT score(s) for. In this section, we will look at a few of the top MBA programs, the eligibility criteria, and the ROI of those MBA programs.
Note: We have clubbed 5 IIMs into one section. This is to make it easy for you to compare them.
Indian School of Business (ISB) – Hyderabad and Mohali
The ISB is renowned for its Post Graduate Programme (PGP) in Management. This is a one-year MBA program offered to working professionals with 2-20 years of work experience. If you are a college student who wishes to do an MBA at ISB, you can apply to the Young Leaders Programme offered by the B-school, secure your seat when you are still in college, get two years of work experience and join the PGP course.
| Program | PGP |
|---|---|
| Duration | 12 Months |
| Eligibility Criteria | Bachelor’s or equivalent degree
2-20 years work experience Valid GMAT score |
| Average Salary | ₹ 24, 35,915 |
Want to know about the other programs ISB offer? Know about the other programs ISB offers here >> All programs offered by ISB.
Indian Institute of Management (IIM) – Ahmedabad, Bangalore, Calcutta, Lucknow, and Kozhikode
There are 20 Indian Institutes of Management. While all of them offer MBA programs, a few of them offer MBA programs for working professionals. Given that the IIMs are the owners of the Common Admission Test (CAT), it doesn’t come as a surprise that they do not accept GMAT scores for their regular MBA programs. But they accept GMAT scores for the executive courses.
| Location | Program | Duration | Eligibility | Average Salary |
|---|---|---|---|---|
| Ahmedabad | PGPX | 1 Year | Bachelor’s or equivalent degree | ₹ 30, 35,000 |
| 25 + Years of age | ||||
| Valid GMAT score | ||||
| Minimum 4 years work experience | ||||
| Banglore | EPGP | 1 Year | Bachelor’s or equivalent degree | ₹ 26, 28,000 |
| Valid GMAT score | ||||
| 5-12 years of work experience | ||||
| Calcutta | PGPEx | 1 Year | Bachelor’s or equivalent degree | ₹ 23, 67,000 |
| Valid GMAT score | ||||
| Minimum 5 years work experience | ||||
| Lucknow | IPMX | 1 Year | Bachelor’s or equivalent degree | ₹ 21, 50,000 |
| Valid GMAT score | ||||
| Minimum 5 years work experience | ||||
| Kozhikode | EPGP | 2 Years | Bachelor’s or equivalent degree | ₹ 20, 67,000 |
| Valid GMAT score | ||||
| Minimum 3 years work experience |
Wondering how to get a good GMAT score to get you into the IIMs? Check out our Live at Home program, which is structured specially for working professionals like you!
Also Watch: How to Get into IIM-A
Xavier Labour Relations Institute (XLRI), Jamshedpur
XLRI, Jamshedpur offers the executive MBA program to working professionals who are looking to upgrade their careers. Unlike the ISB or the IIMs mentioned above, the average GMAT score required to get an XLRI admit is slightly lower. So, if you are looking for Indian B-schools accepting slightly lower GMAT scores but offering the best MBA program, XLRI might be one of the best choices for you.
| Program | Executive PGDM |
|---|---|
| Duration | 12 Months |
| Eligibility Criteria | Bachelor’s or equivalent degree
Valid GMAT score Minimum 5 years work experience |
| Average Salary | ₹ 18,00,000 |
Want to know more about XLRI? Know all about Xavier Labour Relations Institute here.
Management Development Institute (MDI), Gurgaon
MDI is a private business school in India that has been ranked 10 by the National Institutional Ranking Framework (NIRF). The PGDM (NMP) program offered by MDI is a 15-month executive course that is internationally accredited by the Association of MBAs (AMBA) (UK). The average GMAT score at MDI for the PGDM (NMP) program is 660.
| Program | PGDM (NMP) |
|---|---|
| Duration | 15 Months |
| Eligibility Criteria | Bachelor’s or equivalent degree
Valid GMAT score Minimum 5 years work experience |
| Average Salary | ₹ 19,00,000 |
Have you decided on your B-schools yet? We understand that it is not easy to shortlist B-schools. There are so many factors you need to take into consideration before you choose the right MBA programs and B-schools for you.
If you wish to know about more Indian B-schools, you can check out this article – Top 150 MBA Colleges in India – An Exhaustive Curation.
3. Which Indian B-schools require GMAT 700+ score?
If you have a GMAT 700 or more, you can apply to all the Indian B-schools. There is no doubt about that.
Not all B-schools require GMAT 700+ score. It also depends on the student profiles they receive in each batch. That’s how they determine the average GMAT score of the batch.
Also read: How to score GMAT 710 in 1.5 months
Let us look at the Indian B-schools of which the average GMAT scores are higher than 700.
1. Indian School of Business (ISB)
2. Indian Institute of Management, Ahmedabad (IIM-A)
3. Indian Institute of Management, Bangalore (IIM-B)
4. Indian Institute of Management, Lucknow (IIM-L)
If you have a GMAT 700+, that is one less thing to worry about in your MBA profile. But do these B-schools reject candidates just because their GMAT scores are less than 700?
Not really.
The GMAT score is just one aspect of your MBA profile. If you have a slightly lower GMAT score but a strong profile, you may still be admitted to any of the B-schools mentioned above.
Do you want to know if you can get into ISB or IIM? You can get your profile evaluated for free, get on a call with our expert to know your chances of admission.
4. Which Indian B-schools accept less than GMAT 650 score?
If you have got a GMAT score that is 650 or slightly lower than that, one thing you can do is to try and improve your GMAT score. This will help you improve your profile and apply to Indian B-schools which have candidates with GMAT 700+ scores.
If you do not wish to retake the GMAT, you can check out the B-schools below:
1. Indian Institute of Management, Kozhikode (IIM-K)
2. Indian Institute of Management, Indore (IIM-I)
3. Indian Institute of Management, Rohtak
4. Great Lakes Institute of Management
5. Narsee Monjee Institute of Management Studies.
The average GMAT scores at IIM, Calcutta, XLRI, MDI, and SP Jain are 690, 686, 660, and 660, respectively. You can try and apply to these B-schools as well. 🙂
5. How to apply to other MBA programs offered by top B-schools in India?
If you have done some research on applying to B-schools abroad, you must have seen that they accept the GMAT or the GRE scores.
But, applying to Indian B-schools might be slightly different. While a lot of B-schools, as mentioned above, accept GMAT scores for specific MBA programs, you will have to submit the CAT scores or specific B-school entrance exam scores to apply to other MBA programs.
We will give you an example here.
You must know about the Symbiosis Institute of Business Management, Pune (SIBM). They have their own entrance exam – SNAP – that you will have to take to apply for the MBA programs at the B-school.
Another example is that of XLRI. Yes, we have mentioned XLRI in the list above. But XLRI accepts GMAT scores of domestic students only for the executive program. If you are to apply to their other PGDM programs, you need to appear for the XAT, which is an aptitude test specific to Xavier institutes.
Quick Facts!
There are 7 popular, national-level MBA entrance exams in India. They are CAT, MAT, XAT, CMAT, SNAP, NMAT, and ATMA. There are state-level entrance exams such as MAH CET and KMAT 2021, which will help you get into MBA colleges in Maharashtra, Karnataka, etc.
But what is the GMAT advantage?
GMAT is a standardized test that has been gaining popularity in India lately. Initially, GMAT was accepted only by 37 B-schools. But now, hundreds of Indian B-schools accept GMAT scores.
Here are three main reasons why you should take the GMAT:
i. Score validity
ii. Scope for score improvement
iii. Scheduling flexibility
Your GMAT score is valid for five years. Unlike the CAT score that is valid for a year, you can take the GMAT now and apply to your desired B-schools in a couple of years. You don’t have to retake it unless you WANT to.
If you wish to improve your GMAT score, you can work on it for a couple of months and retake the GMAT. But if you want to get a better CAT score, you will have to wait a year to retake the exam.
Another important point about the GMAT is that you can schedule the GMAT any time you want and take the exam from home. You don’t even have to go to a test center anymore.
With the GMAT online exam in place, you can book your GMAT slot based on your convenience and take your exam from home. It can’t get better than this. 😉
Also read: GMAT Online vs Test-Center: Which One is Right for You
You came in search of Indian B-schools that accept GMAT scores. We are sure that we have provided the necessary information to you.
But, as mentioned earlier, it is not easy to shortlist B-schools. You need to consider a lot of factors before you make that decision. Even if you know everything about the B-schools, you might be confused.
So, if you feel that you cannot make up your mind when it comes to shortlisting the MBA colleges for you, feel free to get on a one-on-one call with our experts. They will help you make the right decision by considering your profile, preferred locations, finances, and other important factors.