“You are free to choose, but you are not free from the consequences of your choice.”
You made up your mind without a lot of delaying or overthinking like most other people. You made tireless efforts and worked extremely hard in preparing for that particular exam, and you sat for the exams. Yes, I consider this also a stage, as most people bow down after coming so far because of the immense pressure you feel at that very moment.
And then you wait for the results to come.
But, what most people forget is the utter and absolute need to understand and research about the choices one will have to make once he/she clears the exam.
Yes, these are the rewards of your sheer hard work, but these are not really those gifts from your relatives where you don’t have any choice and have to willingly accept what you get.
Here, obviously, if you have performed well, you will have numerous options to choose from. But if you don’t have extensive knowledge of all these, you could miss out on something which would have completely changed the onset of your journey.
- Graduate Management Admission Test or GMAT is a management exam for entry into the top business schools around the world.
- Stanford, Harvard, London Business School, etc. are some of the top foreign business schools which allow admission through GMAT.
- ISB, XLRI, SP Jain, etc. are some of the most popular Indian business colleges which accept GMAT scores.
Graduate Management Admission Test, popularly known as GMAT, is one such competitive exam, where there are a lot of options to choose from. Here your decision not only depends upon factors like quality of teaching, the rank of the college, placement opportunities but factors like location also play a major role.
Source : AteBits
It is a computer-adaptive test (CAT) where the syllabus aims to assess analytical, writing, quantitative, verbal, and reading skills for admission to a graduate management program, such as an MBA program of various B-schools in the world.
The GMAT is a top grade test which not only assesses analytical writing and problem-solving abilities but also addresses data sufficiency, logic, and critical reasoning skills that are necessary to real-world business and management success.
While every student aspires to attain quality education from the top academic institutions, every university determines its unique GMAT score along with other eligibility requirements for the MBA aspirants.
Colleges that accept GMAT scores have different ranges of GMAT acceptance criterion.
Top Foreign Colleges accepting GMAT Scores
The following are some of the best business schools abroad (in no particular order) which accept the GMAT scores where you can send in your applications –
Founded in 1925, The Stanford Graduate School of Business commonly called Stanford GSB or the GSB is one of four graduate schools in the Stanford academic facet. The university is one of the coveted names in the US Education System that is accredited by the Association to Advance Collegiate Schools of Business.
The MBA is a course-based 2-year program, offered full-time and delivered on-campus. Students learn through case studies, lectures, small-group seminars, simulations, prototyping, role-playing scenarios, hands-on experiences, project-based courses, and multifunctional teams.
QS World Ranking (Business and Management Studies) – 5
Harvard Business School is a private graduate business school of Harvard University that is located in Boston, Massachusetts. This renowned institute of the US Education System was established in 1908 and is well known for developing skills and building long-lasting relationships thus helping in personality development. The school comprises a single campus and offers postgraduate, doctoral, various online programs in the ranging disciplines.
Its MBA and executive education programs are highly favored among international students. Master of Business Administration (MBA) at Harvard University is offered as a 2-year teaching program offering a co-op work option.
QS World Ranking (Business and Management Studies) – 1
London Business School
Popular for its motto “To have a profound impact on the way the world does business”, London Business School is a constituent college in the University of London. It is one of the top-ranking business schools in the U.K.
MBA at London Business School is available to students as a 12 to 15 months program, wherein students get an opportunity to learn for the best in the field. Application for MBA at London Business School starts one year before the commencement of classes.
The school offers 10 graduate programs in total including an MBA, Masters in Management, Masters in Analytics, Masters in Finance and Management, Masters in Financial Analysis, etc.
QS World Ranking (Business and Management Studies) – 3
University of Pennsylvania
Accredited by the Middle States Commission on Higher Education, the University of Pennsylvania is one of the most sought Ivy League institutions in the US. The University of Pennsylvania not only evaluates admission applications on the basis of academic excellence but also on the leadership potential and unique talents.
The University of Pennsylvania offers a 2-year MBA degree on a full-time basis both through on-campus and online mode.
This MBA curriculum has a unique structure, offering rigor and flexibility where you can choose the cores, majors, and electives as per your learning experience.
QS World Ranking (Business and Management Studies) – 6
INSEAD stands for Institut Européen d’Administration des Affaires which is French for the European Institute of Business Administration. It is a very popular business school. It has four campuses located in Europe, Asia, Middle East Campus, and San Francisco Hub.
INSEAD has a lot to offer including master’s programs, executive education, and doctoral degree programs.
Admission to the highly ranked one-year MBA program is based on 4 equally important criteria that are the ability to contribute, have the academic capacity, motivation, and last but not least leadership skills.
QS World Ranking (Business and Management Studies) – 2
Top India Colleges accepting GMAT Scores
B Schools in India are also making the transition and thus several Indian colleges accepting GMAT scores as one of the admission criterion instead of the CAT scores are coming up. Some of the best colleges in this category are –
Indian School Of Business (ISB)
The Indian School of Business (ISB) is a private business school established in India in 2001 and is considered one of the top Indian colleges accepting GMAT scores. It has two campuses, in Hyderabad and Mohali. It offers certificates in various post-graduate management programs.
The business school provides courses in the discipline of Management in various specializations such as Infrastructure Management, Healthcare Management, Business Technology, etc.
The main reason behind ISB’s fame apart from all other things is, the Post Graduate Program (PGP) course which is a one-year course aiming at developing the working professionals by delivering pragmatic knowledge about the contemporary business world.
Average GMAT Cutoff – 710
Xavier Labour Relations Institue (XLRI)
Xavier Labour Relations Institute (XLRI), Jamshedpur, is considered among Top Management Colleges in India. The college is known for its management courses and outstanding academic performance.
Well-known national institutions have included this institution among the top management institutions of various functional areas.
The courses offered by the XLRI School of Management are PGDM, MS & Executive programs in various specialization. Students are encouraged to apply for these courses where they learn to solve real-life management challenges facing private, public, and non-profit sectors of the economy.
Average GMAT Cutoff – 650
S.P. Jain Institute of Management and Research (SPJIMR)
S.P Jain Institute of Management and Research (popularly known as SPJIMR, Mumbai) is the most prestigious management school, situated in Mumbai, Maharashtra, India.
SPJIMR offers PGDM (Post Graduate Diploma in Management) course in a full-time residential mode in various specializations including Finance, Information Management, Marketing Management, and Operations & Supply Chain Management.
Average GMAT Cutoff – 650
Well, there are several business schools around the world and in the country that accept these GMAT scores. These Colleges that accept GMAT Score are very particular about the entire profile of the student and GMAT is not the only selection criteria. You can get rejected despite a great score or accepted with an average score only if you play your cards right. So, a right preparation strategy with the best study material only will help you ace this exam and get you into one of your dream B-Schools.
Do IIMs accept GMAT scores?
Yes, All the major IIMs accept the GMAT total score for admission to their 1-year executive MBA courses.
Which one is better – XLRI or ISB?
It varies from individual to individual, but ISB is quite reputed among students for its all famous 1-year executive PGP course.
What is Stanford known for?
Stanford has developed a reputation as one of the country’s great institutions of higher education, consistently ranking in the top 10 national universities. In addition to outstanding academics, Stanford is known for its great return on investment and entrepreneurial student body.
Which is better – Wharton or Harvard?
At the end of the day, the answer to this question varies based on personal preferences. But the difference between these top business schools is that Wharton is a numbers-driven, fact-craved MBA institution whereas Harvard is a story-driven place as evident from it’s Case Study method of Teaching.