Top 50 B-Schools Accepting GMAT Scores in India

Sakunth Kumar
Sakunth KumarUpdated On: March 28, 2023 05:26 pm IST | GMAT
Find out about the top 50 B-Schools accepting GMAT scores in India along with their fees and estimated GMAT cut-off required for MBA admission.
Colleges Accepting GMAT Score in India

The top 50 B-Schools accepting GMAT scores in India include ISB Hyderabad, XIM Jamshedpur, IIM Indore, SPJIMR Mumbai, Amity School of Business Noida, and IMT Nagpur, among others. The colleges accepting GMAT scores also offer admission to candidates in various MBA programmes on the basis of other entrance exam scores. These premier institutes are known for their excellent pedagogy, infrastructure, placements, industrial training, global exposure, and many other facilities.

Graduate Management Admission Test, popularly known as GMAT, is conducted for admission into Management programmes offered by some of the top MBA colleges in India as well as abroad. The test is administered by the Graduate Management Admission Council (GMAC) to test the skills of the prospective candidates, essentially comprising of questions that can measure their capacity to shine in the Management field. If you are seeking admission into MBA colleges through GMAT scores, then have a look at the top 50 B-Schools accepting GMAT scores in India.

Also Read: Which MBA College in India Offers the Best Placement?

The top B-Schools accepting GMAT scores in India include some of the elite institutes known for offering the best quality education and excellent placements. Take a look at the list below to decide which one to go for.

Top 50 B-Schools Accepting GMAT Scores in India

S. No.

Name of the MBA Institute

Location

GMAT Cutoff 

Average Salary (PA)

1

Indian School of Business

Hyderabad

700

Rs. 23.00 lakh

2

Xavier Institute of Management

Jamshedpur

650

Rs. 21.00 lakh

3

Indian Institute of Management (IIM)

Indore

700

Rs. 20.79 lakh

4

S.P Jain Institute of Management and Research

Mumbai

650

Rs. 22.24 lakh

5

Amity School of Business

Noida

550

Rs. 6.00 lakh

6

Institute of Management Technology

Nagpur

500

Rs. 7.50 lakh

7

Xavier Institute of Management and Entrepreneurship

Bangalore

600

Rs. 7.70 lakh

8

Christ University Institute of Management

Bangalore

450

Rs. 5.80 lakh

9

SDM Institute of Management Development

Mysore

550

Rs. 7.14 lakh

10

Fortune Institute of International Business

New Delhi

120

Rs. 4.50 lakh

11

Indus Business Academy

Bangalore

500

Rs. 6.10 lakh

12

Adarsh Institute of Management and Information Technology

Bangalore

50

Rs. 4.50 lakh

13

Indian Institute of Management

Bangalore

700

Rs. 21.00 lakh

14

Xavier University (XIMB)

Bhubaneshwar

550

Rs. 12.91 lakh

15

PES University

Bangalore

450

Rs. 5.00 lakh

16

Universal Business School

Mumbai

550

Rs. 7.00 lakh

17

Institute of Management Technology

Hyderabad

500

Rs. 7.00 lakh

18

Indian Institute of Management

Calcutta

700

Rs. 17.14 lakh

19

International Management Institute

Delhi

NA

Rs. 13.11 lakh

20

Indian Institute of Foreign Trade

Delhi

NA

Rs. 20.07 lakh

21

NMIMS University School of Business Management

Mumbai

NA

Rs. 17.79 lakh

22

Institute of Management Technology

Ghaziabad

NA

Rs. 12.50 lakh

23

T.A. Pai Management Institute

Manipal

NA

Rs. 11.00 lakh

24

Indian Institute of Management

Shillong

NA

Rs. 16.70 lakh

25

Birla Institute of Management Technology

Greater Noida

NA

Rs. 8.02 lakh

26

Shailesh J. Mehta School of Management

Mumbai

NA

Rs. 20.80 lakh

27

Welingkar Institute of Management Development and Research

Mumbai

NA

Rs. 8.00 lakh

28

Lal Bahadur Shastri Institute of Management

New Delhi

NA

Rs. 9.20 lakh

29

Asia Pacific Institute of Management

Delhi

NA

Rs. 6.20 lakh

30

Institute of Financial Management and Research

Sri City

NA

Rs. 8.70 lakh

31

Vaikunth Mehta National Institute of Cooperative Management

Pune

NA

Rs. 6.00 lakh

32

NIILM Centre for Management Studies

Greater Noida

NA

Rs. 4.80 lakh

33

Amrita School of Business

Coimbatore

NA

Rs. 6.25 lakh

34

IFIM Business School

Bangalore

NA

Rs. 7.50 lakh

35

FLAME University

Pune

NA

Rs. 6.00 lakh

36

Institute of Management Studies

Ghaziabad

NA

Rs. 6.10 lakh

37

Siva Sivani Institute of Management

Hyderabad

NA

Rs. 5.00 lakh

38

International Management Institute

Bhubaneshwar

NA

Rs. 6.91 lakh

39

VIT Business School

Chennai

NA

Rs. 6.05 lakh

40

IILM Institute of Business and Management

Gurgaon

NA

Rs. 4.50 lakh

41

Doon Business School

Dehradun

NA

Rs. 4.80 lakh

42

Lala Lajpatrai Institute of Management

Mumbai

NA

Rs. 4.50 lakh

43

ITM Business School

Bangalore

NA

Rs. 5.37 lakh

44

IBS Business School

Ahmedabad

NA

Rs. 5.95 lakh

45

ITM Business School

Chennai

NA

Rs. 5.30 lakh

46

VelTech University

Chennai

NA

Rs. 3.00 lakh

47

International School of Management Excellence

Bangalore

NA

Rs. 4.70 lakh

48

K.J. Somaiya Institute of Management and Research

Mumbai

NA

Rs. 9.50 lakh

49

MIT School of Telecom Management

Pune

NA

Rs. 5.50 lakh

50

Indus Business School

Gurgaon

NA

Rs. 4.50 lakh

Please note that the above list is based on reports from different sources. Colleges have been listed in no particular order.

Also Read: Trending GD Topics to Boost Your Preparation for the Top B-Schools in India

Top MBA Colleges Accepting GMAT Score in India: Courses Offered

Find below the different courses offered by various MBA colleges accepting GMAR scores in India.

Name of the MBA College

Course Offered

Duration

SPJIMR Mumbai

Master of Business Administration

2 Years

IMT Ghaziabad

Master of Business Administration

2 Years

IMI Delhi

Master of Business Administration

2 Years

Xavier University Bhubaneswar

Master of Business Administration

2 Years

Great Lakes Institute of Management Chennai

Master of Business Administration

2 Years

T A Pai Management Institute (TAPMI) Manipal

Master of Business Administration

2 Years

KJ Somaiya Institute of Management Studies & Research (Mumbai)

Master of Business Administration

2 Years

Goa Institute of Management (GIM) Goa

Master of Business Administration

2 Years

FORE School of Management (New Delhi)

Master of Business Administration

2 Years

Lal Bahadur Shastri Institute of Management (Delhi)

Master of Business Administration

2 Years

BIMTECH (Greater Noida)

Master of Business Administration

2 Years

MICA Ahmedabad

Master of Business Administration

2 Years

IFIM Business School (Bangalore)

Master of Business Administration

2 Years

SOIL - School of Business Design (Gurgaon)

Master of Business Administration

2 Years

ISB Hyderabad and Mohali

Post Graduate Programme in Management (PGP)

12 Months

IIM Ahmedabad

PGPX-Post Graduate Programme in Management for Executives (PGPX)

12 Months

IIM Bangalore

Executive Post Graduate Programme (EPGP)

12 Months

IIM Calcutta

MBA for Executives (MBAEx)

12 Months

XLRI Jamshedpur

PGDM (General Management)

15 Months

SPJIMR, Mumbai

PGPM

15 Months

IIM Indore

EPGP

12 Months

Great Lakes Institute of Management Chennai

PGPM

15 Months

MDI Gurgaon

National Management Programme (NMP)

15 Months

K J Somaiya Institute of Management Studies & Research, Mumbai

PGDM-Executive

15 Months


Also ReadGMAT vs GRE: Which Exam to take for MBA in Abroad Universities?

Top MBA Colleges Accepting GMAT Score in India: Eligibility, ROI

The top MBA programs, the eligibility criteria, and the ROI of the MBA programs offered by some of the most eminent B-Schools in India have been mentioned below.

Indian School of Business (ISB) – Hyderabad and Mohali

Program

PGP, YLP

GMAT Score

710

Duration

12 Months

Eligibility Criteria

  • Bachelor’s or equivalent degree

  • 2-20 years work experience

  • Valid GMAT score

Average Fees

INR 35,00,000+

Average Salary

INR 28,00,000+

Indian Institute of Management (IIM) – Ahmedabad, Bangalore, Calcutta, Lucknow, Indore

Location

GMAT Score

Program

Duration

Eligibility Criteria

Average Fees

Average Salary (in INR)

Bangalore

700+

EPGP

1 year

  • Bachelor’s or equivalent degree

  • Valid GMAT score

  • 5-12 years of work experience

27,00,000+

28,00,000+

Ahmedabad

705+

PGPX

1 year

  • Bachelor’s or equivalent degree

  • 25 + Years of age

  • Valid GMAT score

  • Minimum 4 years work experience

28,00,00+

30,35,000

Calcutta

700+

PGPEx

1 year

  • Bachelor’s or equivalent degree

  • Valid GMAT score

  • Minimum 5 years work experience

27,00,000+

26,00,000+

Indore

700+

EPGP

2 years

  • Bachelor’s or equivalent degree

  • Valid GMAT score

  • Minimum 3 years work experience

20,00,000

20,67,000 (Highest was INR 31,00,000)

Lucknow

680+

IPMX

1 year

  • Bachelor’s or equivalent degree

  • Valid GMAT score

  • Minimum 5 years work experience

23,00,000

22,00,000 (Highest was INR 52,00,000)


Also ReadMBA without GMAT in Top Business Schools Abroad

Management Development Institute (MDI), Gurgaon

Program

PGDM (NMP)

GMAT Score

680 - 700

Duration

15 Months

Eligibility Criteria

  • Bachelor’s or equivalent degree

  • Valid GMAT score

  • Minimum 5 years work experience

Average Fees

INR 12,80,000 - 23,58,000

Average Salary

INR 19,00,000

Xavier Labour Relations Institute (XLRI), Jamshedpur

Program

Executive PGDM

GMAT Score

700 (can be 650+ also depending on the number of candidates applying)

Duration

12 Months

Eligibility Criteria

  • Bachelor’s or equivalent degree

  • Valid GMAT score

  • Minimum 5 years work experience

Average Fees

INR 20,00,000

Avg. Placement of top 50% of the batch

INR 20,00,000

Narsee Monjee Institute of Management Studies (NMIMS), Mumbai

Program

MBA

GMAT Score

600+

Duration

2 years

Eligibility Criteria

  • Bachelor's Degree (in 10+2+3/4 format) in any discipline from a recognized University with a minimum of 50% marks in the aggregate.

  • Valid GMAT score

  • Preference will be given if you have two and more years of post-qualification work experience.

Average Fees

INR 21,90,000

Average Salary

INR 29,90,000

SP Jain Institute of Management and Research, Mumbai

Program

MBA (2 years), PGDM (2 years), PGPM (1 year)

GMAT Score

680+ (and 650 for PGPM)

Duration

2 years/1 year

Eligibility Criteria

  • Graduates from any stream (minimum 3 year degree) can apply as long as they get a minimum of 60%. 

  • Candidates need to have a minimum 550 in the GMAT exam.

Average Fees

INR 17,50,000 (PGDM)

Average Salary

INR 26,00,000+ (PGDM)

Indian Institute of Foreign Trade, Delhi

Program

MBA

GMAT Score

650+

Duration

2 years

Eligibility Criteria

  • Graduates from any stream (minimum 3 year degree) can apply as long as they get a minimum of 50%. 

  • Managerial work experience of minimum 5 years is preferable for an Executive MBA.

Average Fees

INR 18,25,000

Average Salary

INR 25,16,000

IMT, Ghaziabad

Program

PGDM, PGDM-Ex

GMAT Score

650+

Duration

15 months

Eligibility Criteria

Candidates must have a minimum three-year Bachelor's degree or equivalent with minimum 50% aggregate marks in any discipline

Average Fees

INR 19,00,000+ for PGDM (15 Lakhs for PGDM Ex)

Average Salary

INR 14,00,000+

MBA Colleges Accepting 700+ GMAT Scores in India

Let us look at the Indian B-schools of which the average GMAT scores are higher than 700:

  • Indian School of Business (ISB)

  • Indian Institute of Management, Bangalore (IIM-B)

  • Indian Institute of Management, Lucknow (IIM-L)

  • Indian Institute of Management, Ahmedabad (IIM-A)
Also ReadGMAT Preparation Tips to Get a Score Above 700

MBA Colleges Accepting 650 GMAT Scores in India

Let us look at the Indian B-schools of which the average GMAT scores are less than 650:

  • Indian Institute of Management, Rohtak

  • Great Lakes Institute of Management

  • Indian Institute of Management, Kozhikode (IIM-K)

  • Indian Institute of Management, Indore (IIM-I)

  • 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.

Advantages of Taking GMAT

The GMAT exam has been designed for business schools by business schools to specifically assess if the candidates possess the skills most relevant to succeed in a graduate management business program. The GMAT exam shows business schools that the candidates are serious about earning a graduate business degree by demonstrating their commitment and readiness to tackle the rigors of a graduate business program. Also, unlike the CAT score that is valid for a year, the GMAT score is valid for five years. Candidates can take the GMAT exam any year and apply to their desired B-schools in a couple of years. Choosing the GMAT exam depends on a number of factors like:

  • Career Goals

  • Choice of Program

  • Location Preference

  • Investment vs Return

Also ReadUnderstanding GMAT Score and GMAT Percentile

Career Prospects after Graduating from Top B-Schools Accepting GMAT Scores

After completing MBA, many graduates become eligible to seek employment in a diverse number of sectors such as finance, management, human resource, pharmacy, IT, business analytics, marketing, agriculture, hotel management, etc. Some specific job profiles that students become eligible for after studying at the top b-schools in India accepting GMAT scores have been mentioned below:

Project Manager

Relationship Manager

Business Analyst

Financial Analyst

Regional Sales Manager

Accounts Manager

Executive Assistant

Investment Banker

Marketing Specialist

HR Manager

Business Development Manager

Senior Sales Executive 


Also ReadGMAT vs CAT Differences: Which is Better?

Top Companies for MBA Graduates from B-Schools Accepting GMAT Scores

The top MNCs and world-established companies that visit the placement drive to recruit MBA graduates from the top-b schools in India accepting GMAT scores are as follows:

Deloitte

Amazon

Google

Goldman Sachs

Boston Consulting Group (BCG)

Bain & Company

JP Morgan Chase

McKinsey & Company

Ernst and Young

Gartner

GEP Solutions

ICICI Bank

Infosys

Yes Bank

Accenture

Microsoft

Flipkart

Nykaa


Candidates can visit our Q&A Zone in case of any doubts and get them resolved by our experts. For easy admission into MBA colleges accepting GMAT scores, you can fill out our Common Application Form.

Related Links:

MBA Admission 2023

MBA Entrance Exams in India 2023

Top 10 AICTE-Approved MBA Colleges in 2023

Top MBA Colleges Accepting CMAT Score 2023

MBA in India vs MBA Abroad: Which is More Valuable?

List of Best MBA Specializations in India for 2023


Stay tuned with us for more latest updates on MBA entrance exams, admission, and colleges!

FAQs

Which B-schools accept GMAT scores for 1-year MBA?

The colleges that accept GMAT scores for 1-year MBA are-

  • ISB Hyderabad and Mohali
  • IIM Ahmedabad
  • IIM Bangalore
  • IIM Calcutta
  • XLRI Jamshedpur
  • SPJIMR, Mumbai
  • IIM Indore
  • Great Lakes Institute of Management Chennai
  • MDI Gurgaon
  • K J Somaiya Institute of Management Studies & Research, Mumbai

Which colleges accept GMAT scores for 2-year MBA?

The colleges that accept GMAT scores for 2-year MBA are-

  • SPJIMR Mumbai
  • IMT Ghaziabad
  • IMI Delhi
  • Xavier University Bhubaneswar
  • Great Lakes Institute of Management Chennai
  • T A Pai Management Institute (TAPMI) Manipal
  • KJ Somaiya Institute of Management Studies & Research (Mumbai)
  • Goa Institute of Management (GIM) Goa

What is the GMAT cutoff for top MBA colleges in India?

The GMAT cutoff for top MBA colleges in India goes up to 700 or more. B-schools like India School of Business Hyderabad, Xavier Institute of Management Jamshedpur, Indian Institute of Management Indore, S.P Jain Institute of Management and Research Mumbai, etc. accept 700 GMAT scores for admission.

What is a good GMAT score for top MBA colleges in India?

700 is considered a great GMAT score for top MBA colleges in India. However, scoring anything above 650 is also considered a good GMAT score. Candidates who score 700+ score in GMAT can get admission into some of the most prestigious colleges in India. But a score less than 700 can also get you into some great MBA colleges in the country.

Do IIMs accept GMAT scores for MBA admission?

Yes, some IIMs accept GMAT scores for MBA admission. IIM Bangalore, IIM Ahmedabad, IIM Calcutta, IIM Indore, and IIM Lucknow accept GMAT scores for admission into EPGP, PGPX, PGPEx, EPGP, and IPMX programmes, respectively. Admission into IIM’s flagship PGP courses is only conducted through CAT.

Do MBA colleges accepting GMAT accept other entrance exam scores too?

Yes, MBA colleges accepting GMAT also accept other entrance exam scores too. CAT, XAT, CMAT, MAT, MAH MBA CET, etc., are some of the top entrance exams that are accepted by GMAT accepting colleges. Students who have appeared for GMAT can also appear for these exams and take admission into the desired MBA college.

Which are the top B-schools accepting GMAT scores in India?

Some of the top B-schools accepting GMAT scores in India are-

  • Indian School of Business, Hyderabad
  • Xavier Institute of Management, Jamshedpur
  • Indian Institute of Management, Indore
  • S.P Jain Institute of Management and Research, Mumbai
  • Amity School of Business, Noida
  • Institute of Management Technology, Nagpur

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