GMAT Accepting Colleges in India [2021 List]

Master in Business Administration or MBA is one of the most common postgraduate courses in India and abroad. The two-year MBA program serves as a gateway to a multitude of career openings and entrepreneurship opportunities. There are many GMAT Accepting Colleges in India. This course offers a grasp of the management of the company and the management of the business processes. Students from all backgrounds, including Science, Commerce and Humanities, may apply for an MBA. Such students should also possess good communication, teamwork, problem-solving, management, research-oriented, critical reasoning, eye to detail, goal-oriented, and ability to work under pressure, good quantitative skills, etc. Full-time MBAs are the most common of all, including theoretical courses, practical tasks, and internships. New graduates and applicants with a few years of work experience will opt for a full-time MBA.

India is home to some of the top-ranked MBA colleges such as the Indian Institute of Management (IIM), Ahmedabad, Bangalore, Kolkata, Lucknow, Kharagpur, Kozhikode, and Indore.

MBA in India can be a good option for applicants looking for an attractive fee structure with a high return on investment.

Tips for GRE and GMAT Preparation

In India, an MBA degree is offered across a variety of specializations. Many of the most famous are as follows:

• General Management
• Marketing
• Operations Management
• Healthcare Analytics
• Event Management and PR
• Marketing
• Finance Management
• Marketing
• Finance and Marketing
• Industrial Engineering

MBA Eligibility Criteria for GMAT Accepting Colleges in India

• The qualifying requirements for an MBA course can vary from college to college. However, the basic qualifying terms for the MBA are as follows:
• Applicants must have graduated from a recognized institute in some discipline or equivalent to the specific eligibility requirements for the MBA (full-time).
• Many institutes meet the minimum graduation score basis, which is 50 per cent on average. Some colleges also give five per cent relief to students in the reserved categories.
• Final-year graduation applicants are also qualified for an MBA, given that they have proof of graduation during the institute’s timeframe.
• Apart from merit-based entry, many of India’s top MBA colleges also accept scores of national and state-level entrance tests, including CAT, XAT, GMAT, CMAT, MAT, NMAT, ATMA, IBSAT, MAH CET, SNAP, etc. for MBA admissions.

Though there are plenty of MBA colleges in India, NIRF has listed a few top ones.

Following is a list and details of each of the top 10 MBA colleges in India ranked by NIRF:

IIM Ahmedabad

Listed one by the NIRF 2020, IIM Ahmedabad (IIM A) is considered the best educational institute in India. Founded in 1961, it is a public and autonomous entity and one of India’s first institutes to obtain EQUIS (European Quality Assurance System) accreditation. The institute is known for its two-year, full-time residential flagship PGP (also referred to as MBA) program providing entry based on a valid CAT score. The percentile of CAT for IIM Ahmedabad has crossed 99.6 in the past years, demonstrating how stringent it is for a student to be admitted to this institute.

IIM Bangalore

The Indian Institute of Management (IIM), Bangalore, is one of the top graduate schools for management education in Asia. More than 1,200 students are accepted to multiple programs each year. Since 2019, EQUIS has become the only Indian Management B-School in the Global Advanced Management Network, a Yale-based network of 32 top-notch global B-Schools. In the recently published NIRF 2020 list, IIM Bangalore ranked 2nd among India’s top 100 B-schools. Located on Bannerghatta Road, Bengaluru, it is near some of the country’s leading corporate houses, retaining an excellent record of placements every year.

IIM Calcutta

Founded in 1961, IIM Calcutta was the first institute established under the IIM heritage. Listed 3 in the NIRF 2020 Management group, IIM Calcutta is considered one of the best B-Schools in the country for Education Management. The institute offers PG, undergraduate and executive programs to students whose MBA (or PGPM) is the flagship course. Popularly known as the IIMC, the college has regularly had many recruiters and students working in respected companies around the world.

IIM Lucknow

Lucknow is the fourth member of the IIM list, the Indian Institute of Management (IIM), a public business school based in Uttar Pradesh. Ranked 4 for IIMs by NIRF 2020 and 5 for IIMs by Outlook 2020 is acknowledged as an institute of excellence by the Ministry of Human Rights, Government of India. IIM Lucknow was founded in 1984 and currently serves as a tutor for IIM Jammu, Rohtak and Kashipur. It has also been mentoring IIM Sirmaur in the past before it landed on its own. It currently offers various programs at the PG and doctoral level in the area of management. The two-year, full-time residential PGP is the flagship program of IIM Lucknow, which will lead to the award of a PGDM degree following completion of the course.

Everything You Need to Know about IIM Scholarships

IIT Kharagpur

The Government of India set up the IIT Kharagpur in 1951. The institute is one of the top IITs and was ranked 5 in NIRF 2020. Internationally, IIT Kharagpur ranked 281 in the 2020 QS World University Rankings, 53 in Asia and 23 in the BRICS countries.

IIM Kozhikode

Founded in 1996, IIM Kozhikode is established by the Government of India in partnership with the Government of Kerala. It is a Single Autonomous Body regulated by the IIM Act 2017, controlled by the Board of Governors. IIM Kozhikode ranked 6 out of 100 top management colleges in India under the National Institutional Ranking System (NIRF) 2020. Also, Outlook-India ICARE 2020 ranked 6 of India’s 30 best MBA schools. Spread over 112 acres of land, IIM Kozhikode is located in the Kunnamangalam part of the ancient town of Calicut in Kerala. It provides postgraduate, corporate and academic programs in diverse management fields with a total of 83 highly qualified faculty members. It is also one of the few centres for the creation of digital libraries in the world.

IIM Indore

Set up in 1996, the Indian Institute of Management (IIM), Indore was the sixth IIM to be developed under the IIM legacy. Rated 7 for the NIRF 2020 MBA, it is one of the most popular B-schools in the world with an autonomous status. This institute offers UG, PG, PhD, Diploma and PG credential programs in Administration, the two-year PGP being its flagship course. Situated on a scenic hillock, IIM Indore has a 193-acre campus area packed with new teaching aids, rich learning facilities, a solid IT backbone and state-of-the-art hostels with modern amenities.

Department of Management Studies (DMS) IIT Delhi, Delhi

The Department of Management Studies, IIT Delhi, also known as DMS IIT Delhi, is a School of Management Education and Research at the Indian Institute of Technology, Delhi. DMS IIT Delhi was put in the category “A+++” of the All-India B-School Survey in 2017. DMS, IIT Delhi provides postgraduate and doctoral management programs such as full-time MBA Telecom, Executive MBA, MBA for international students. The admission exam is the essential admission requirement for the courses (CAT).

XLRI Xavier School of Management, Jamshedpur

The XLRI Xavier School of Management (XLRI-XMS) is based in Jamshedpur, Jharkhand, and is the country’s oldest business school founded by a few Jesuit fathers in 1949. It offers 15-month and two-year postgraduate degrees in management (PGDM) with some specializations and a doctoral fellowship program (FPM). The college also gives a plethora of short-term management learning services (MDPs). It was ranked number 1 among the country’s best private B-schools by Business Today in 2018.

MDI, Gurgaon

MDI Gurgaon is one of the top private B-schools established in 1973. Listed 10 for Private MBA by NIRF 2020 and 3 for Private MBA by Outlook 2020, it is one of the top institutes for Management Education in India that offers PG, Executive PG, PhD and Management Growth programs to students. This was the first globally accredited Indian B-School to get international accreditation from the London MBA Association (AMBA) in 2006. It was also certified by South Asian Quality Assurance Systems (SAQS) in 2006. Certification of the programs is a confirmation of the global standard of education offered by this institute. At the national level, the management systems are certified and approved by AICTE and the NBA.

MBA Colleges with Low Fees

List of GMAT Accepting Colleges in India ranked by Outlook

College Name	Outlook’20 Ranking
IIM Bangalore	1
IIM Ahmedabad	2
IIM Calcutta	3
IIM Indore	4
IIM Lucknow	5
XLRI Xavier School of Management, Jamshedpur	6
MDI Gurgaon	7
IIM Kozhikode	8
S.P. Jain Institute of Management and Research (SPJIMR), Mumbai	9
IIM Trichy	10

List of top 10 MBA colleges in India ranked by Times:

College Name	Times’20 Ranking
IIM Shillong	1
IIM Raipur	2
IIM Udaipur	3
IMT Ghaziabad	4
KJ Somaiya Institute of Management, Mumbai	5
MDI Gurgaon	6
Amity Business School, Noida	7
IIM Kashipur	8
IIT Kharagpur	9
Symbiosis Institute of Business Management (SIBM), Pune	10

List of some top private and public MBA Colleges in India:

Private Colleges	Course Fee (in Rs)
XLRI Xavier School of Management, Jamshedpur	23,60,000
MDI Gurgaon	18,48,000
SPJIMR, Mumbai	17,50,000

Public Colleges	Course Fee (in Rs)
IIM Ahmedabad	23,00,000
IIM Bangalore	18,70,000
IIM Calcutta	10,00,000
IIM Lucknow	5,96,000
IIT Kharagpur	9,26,700

Explore More: MIM Scholarships