Graduate Management Admission Test (GMAT) is considered one of the most distinguished assessment tests for seeking admission to the Master of Business Management (MBA) program or the like across the globe. Likewise, it has opened up a world of opportunities for Indians too. The first reason is that on average Indians are performing better in the grueling test in comparison to the people living in the US. The other reason being it has considerably increased the total number of Indian women appearing for the GMAT exam. Let’s explore further.
The rise of GMAT Scores in India:
According to recent research, there has been a considerable rise in the score of the GMAT exam among Indian management aspirants. The year 2017 was comparatively a good year for GMAT applicants in India. In the same year, The highest average GMAT score of 583 was recorded in India from 577 scores in the previous year. In 2017, 32,514 GMAT test-takers took the exam. The Graduate Management Admission Council (GMAC), the administering body of the GMAT exam reported that the average Indian score was slightly higher than the overall average at 625 when it came to sending scores to B-Schools for MBA program admissions. It is interesting to note that the total number of candidates joining the MBA program were mainly from Business & Commerce background had gone up to 5.1% and 2.5% average annual growth rate per annum respectively. Students from other streams such as humanities, science, or engineering saw a drop by 1-2%. In Southeast Asia, India is the only country which has shown immense growth rate in fresh new MBA applicants and likely to double up the numbers in the coming years.
Increase in Female GMAT Candidates:
GMAC has confirmed that the number of female GMAT applicants has seen an all-time high. In the last few years, the total number has seen a substantial rise of 43% of test-takers worldwide. In 2011-12, around 1,22,843 female applicants took the test compared to 85,473 candidates in 2001-02 (10 years ago) exhibiting an increase of 43.7%. Additionally, the number of Indian women registering for GMAT has also increased from 6,714 to 7,812 in the past 5 years.
With the growing popularity of GMAT scores in India, it has gained wide acceptance from the top-tier B-Schools across the length and breadth of the country. The score is valid for up to 5 years. To name a few top institutes in India which accept GMAT scores:
|University/College||Program||Average GMAT Score (out of 800)|
|Indian Institute of Management, Calcutta||PGPEX||700+|
|Indian Institute of Management, Ahmedabad||PGPX||706|
|Indian School of Business (ISB), Hyderabad||YLP, PGP||700|
|Indian Institute of Management, Bangalore||EPGP||695|
|IMT, Ghaziabad||PGDM-Ex, PGDM||690|
|Indian Institute of Management, Lucknow||IMPX||680|
|S.P.Jain Institute of Management & Research, Mumbai||PGDM||680|
|Great Lakes Institute of Management, Chennai||PGPM||680|
|Indian Institute of Management, Indore||EPGP||580(cut-off)|
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