List of B-Schools that Offer Scholarship to NMAT by GMAC Test Takers

Sakunth Kumar

Updated On: August 07, 2023 02:16 pm IST | NMAT by GMAC

Seven B-Schools in India will offer scholarships to NMAT by GMAC qualifiers. Check the list of B-Schools and eligibility criteria for scholarship scheme here.

List of B-Schools that Offer Scholarship to NMAT by GMAC Test Takers

Graduate Management Admission Council (GMAC), which conducts NMAT by GMAC examination, has announced that scholarships would be offered to students pursuing PG management courses at seven B-Schools that accept NMAT by GMAC score. Candidates with a valid NMAT by GMAC score can apply for the scholarship scheme of GMAC now. However, each B-School has a different criterion to shortlist the eligible students for the scholarship scheme. The list of seven B-Schools that offer scholarships to students on the basis of NMAT by GMAC score can be checked here.

Also Read: Best Scholarships for College Students in 2023

List of B-Schools Offering Scholarships to NMAT by GMAC Qualifiers:

Here is the list of seven B-Schools that provide scholarships to NMAT by GMAC qualifiers –

Eligibility Criteria for GMAC Scholarship Scheme

Not all the B-Schools mentioned above have similar eligibility criteria for the scholarship scheme. The candidates can check B-School-wise eligibility criteria for the GMAC scholarship scheme: -

Athena School of Management NMAT by GMAC Scholarship Criteria

Athena School of Management offers the following scholarships to NMAT by GMAC qualifiers –

Type of Scholarship

Eligible Score in NMAT by GMAC

Fee Waiver

Athena NMAT Gold Scholarship



Athena NMAT Silver Scholarship

185 - 200


Athena NMAT Bronze Scholarship

150 - 185


BSE Institute Ltd NMAT by GMAC Scholarship Criteria​

  • BSE Institute Ltd offers scholarship to only those candidates who have an NMAT by GMAC score of 185 and above.
  • On the other candidates, the applicants must have at least 60% of marks in Bachelor’s degree.
  • The institute offers scholarships to only the top 5 eligible applicants, and these students will be provided with a fee waiver of up to 20%.

ITM Business School NMAT by GMAC Scholarship Criteria​

  • ITM University, Raipur, and ITM Vocational, Vadodara offer 20% scholarships to students who have NMAT by GMAC score of 160.
  • Candidates who appear in ITM scholarship round will have chances to gain 100% scholarship for the first year of the course.

Also Read: Top 10 Colleges Accepting NMAT by GMAC Score

ISBR Business School NMAT by GMAC Scholarship Criteria

ISBR Business School offers different scholarships to deserving and meritorious candidates. The institute offers the scholarship in the form of tuition fee waiver. More details are elaborated below –

  • ISBR Business School offers the scholarship to candidates who have NMAT score of 160 and above.
  • The institute offers a total number of 15 scholarships that range from 100% - 25% tuition fee waiver.
  • ISBR also offers five exclusive sports scholarships to candidates with the sports background and NMAT score of 160 and above.

Jindal Global Business School NMAT by GMAC Scholarship Criteria​

The eligibility criteria of GMAC scholarship offered by Jindal Global Business School is elaborated below –

% Title Slab

Scholarship Slab

90 - 100

40% of Tuition Fee Waiver

80 – 89.99

30% of Tuition Fee Waiver

70 – 79.99

20% of Tuition Fee Waiver

SDA Bacooni Asia Centre NMAT by GMAC Scholarship Criteria​

SDA Bacooni Asia Centre offers scholarship to candidates with good NMAT by GMAC score and academic background. The institute conducts an interview to shortlist the candidates for the scholarship scheme. Candidates eligible for the scholarship scheme will get fee waiver of 30% - 80%.

Thapar School of Management NMAT by GMAC Scholarship Criteria​

Thapar School of Management conducts a scholarship test to shortlist the candidates for the scholarship scheme. The scholarship test has no application fee, and all the candidates with valid NMAT score can appear for the test. The institute offers 75 merit scholarships to eligible candidates.

Also Read: NMAT Score Valid for International MBA Courses

Regional Director (South Asia) of GMAC, Mr. Gaurav Srivastava the scholarship scheme would help deserving candidates to realize their dream of pursuing management education in some of the top B-Schools across the country. In the same way, the scholarship scheme will produce high-quality management professionals, he hoped.

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For the latest NMAT by GMAC news and updates, stay tuned to CollegeDekho.

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