GMAT is the term used in reference to MBA or for admission into B School (also known as, Business Schools). As an MBA student, you definitely know the value of a good GMAT score to get yourself into a well renowned Business school like IIM or any other institution abroad. But apart from Business school, there are a lot of other options available where a good GMAT score can impact other aspects of your life and career. The rigorous preparation heading up for GMAT exam, helps you develop personal, logical and academic qualities that are universally valued.
With GMAT scores, roles related to finance, accounting, and business and management, come into play. Although, there is no specification as to the exact type or number of companies that show interest in GMAT scores, it’s likely that they are especially relevant for job positions with analytical or Quant-related work. Your GMAT test scores are just one of the factors that could give a push to your application. Your profile, experience, motivation, and suitability for the role will always count for more when making your next career move. BusinessBecause editor Marco De Novellis says, “Ultimately, if you’re going for a competitive job – especially in finance or consulting – you’re better off taking the GMAT than not taking it, and that’s even if you don’t end up going to business school. A good GMAT score is one way of proving you have some of the core skills needed to succeed in an organization.”
There are some well renowned colleges that strongly consider your GMAT score while the admissions are been considered. Here are some of them with their average GMAT score needed for admission:
Indian School of Business (ISB), Hyderabad – 700/800
Indian Institute of Management, Ahmedabad – 706/800
Indian Institute of Management, Bangalore – 695/800
Indian Institute of Management, Calcutta – 700+ /800
Indian Institute of Management, Lucknow – 680/800
XLRI, Jamshedpur – 700/800
Indian Institute of Management, Indore – Cut-off 580
S.P.Jain Institute of Management & Research, Mumbai – 680/800
IMT, Ghaziabad – 690/800
Great Lakes Institute of Management, Chennai – 680/800
All the 7 IIMs which includes the top IIMs, i.e. IIM Ahmedabad, IIM Bangalore and IIM Calcutta accept the GMAT sore. Apart form the IIMs the other top GMAT accepting colleges in India are the Indian School of Business (ISB), one the highest-ranking Indian Business School. It stands on the 24th place at the World Business School ranking of the Financial Times. IIM Ahmedabad, IIM Bangalore and IIM Calcutta are among the top 100 Business schools but it cannot reach the heights of ISB.
It is extremely essential that student seek for professional advice as this will help in making the preparation useful and focused. Self-preparation is not always enough. GMAT is known to be a computer-adaptive test. The meaning of computer adaptive test means that whenever the student gives a correct answer, the computer/system provides a harder question than before. However, if the answer is wrong/incorrect, it does not change the difficulty level while giving the next question.
For those who cannot clear the GMAT in the first go, this exam offers with an option to retake the exam. Many students make it in the second or third attempt.