Top 12 GMAT Colleges in India - Know Programs, Fee & Package

Top 12 GMAT Colleges in India: Know Programs, Fee and Package  

Introduction 

The GMAT (Graduate Management Admission Test) is a critical step for those aiming to pursue an MBA or other management programs in India and globally. While several prestigious Indian institutions accept the GMAT score for admissions, selecting the right college can be overwhelming. This blog will provide a comprehensive overview of the top 12 GMAT colleges in India, detailing their programs, fees, and average salary packages to help you make an informed decision.

What Exactly is GMAT?  

The GMAT is a standardized test that assesses a candidate’s Analytical Writing, Quantitative, Verbal, and Reading Skills in written English. It is widely accepted by business schools worldwide, including top-tier institutions in India, as a part of the admissions process for MBA and other management programs.

Importance of GMAT Colleges in India Accepting GMAT  

Colleges in India that accept GMAT scores offer a gateway to world-class management education. These institutions are renowned for their rigorous academic curriculum, outstanding faculty, and excellent placement records. The GMAT is particularly valuable for candidates with international MBA aspirations or those who wish to explore diverse opportunities within India’s top management institutions.

What is the Need for GMAT Exam and Benefits?  

The GMAT is essential for candidates aspiring to secure admission in top business schools. It is a key component of the application process, offering a standardized measure of skills critical for success in graduate management programs. Benefits of taking the GMAT include:

• Global Recognition: Accepted by over 7,000 programs worldwide.

• Skill Assessment: Evaluates essential skills such as analytical thinking and data interpretation.

• Career Advancement: Often required for executive and specialized management programs, opening doors to higher salary packages and leadership roles.

List of Top 12 GMAT Colleges in India  

Here’s a list of the top 12 GMAT-accepting colleges in India, along with details on their programs, fees, and placement packages:

1. Indian Institute of Management (IIM) Ahmedabad  

• Location: Ahmedabad, Gujarat

• Program: PGPX (Post Graduate Program in Management for Executives)

• Fees: ₹30.9 Lakhs

• Average Package: ₹36 Lakhs

• Top Recruiters: McKinsey, BCG, Google, Microsoft, HSBC

• Key Features: Highly reputed globally, excellent alumni network, top faculty.

2. Indian Institute of Management (IIM) Bangalore  

• Location: Bangalore, Karnataka

• Program: EPGP (Executive Post Graduate Program in Management)

• Fees: ₹29 Lakhs

• Average Package: ₹30.9 Lakhs

• Top Recruiters: Amazon, Accenture, Goldman Sachs, PwC

• Key Features: Strong placement record, international exposure, top-ranked in Asia.

3. Indian Institute of Management (IIM) Calcutta  

• Location: Kolkata, West Bengal

• Program: PGPEX (Post Graduate Program for Executives)

• Fees: ₹31 Lakhs

• Average Package: ₹36.79 Lakhs

• Top Recruiters: BCG, McKinsey, Accenture, Goldman Sachs

• Key Features: Prestigious alumni, strong industry connections, diverse cohort.

4. Indian Institute of Management (IIM) Lucknow  

• Location: Lucknow, Uttar Pradesh

• Program: IPMX (International Programme in Management for Executives)

• Fees: ₹26 Lakhs

• Average Package: ₹24.66 Lakhs

• Top Recruiters: Deloitte, Flipkart, Amazon, BCG

• Key Features: Focus on global business, strong leadership training.

5. Indian School of Business (ISB) Hyderabad  

• Location: Hyderabad, Telangana

• Program: PGP (Post Graduate Program in Management)

• Fees: ₹37.7 Lakhs

• Average Package: ₹34.08 Lakhs

• Top Recruiters: BCG, McKinsey, Microsoft, HUL

• Key Features: Globally ranked, flexible curriculum, strong ROI.

6. XLRI – Xavier School of Management, Jamshedpur  

• Location: Jamshedpur, Jharkhand

• Program: PGDM (General Management)

• Fees: ₹23.15 Lakhs

• Average Package: ₹17.8 Lakhs

• Top Recruiters: Google, Amazon, Uber, Flipkart

• Key Features: Oldest management school in India, strong focus on ethics.

7. SP Jain Institute of Management and Research (SPJIMR)  

• Location: Mumbai, Maharashtra

• Program: PGDM (Post Graduate Diploma in Management)

• Fees: ₹17.88 Lakhs

• Average Package: ₹32.05 Lakhs

• Top Recruiters: Amazon, Unilever, P&G, PwC

• Key Features: Strong industry interface, leadership development.

8. Management Development Institute (MDI), Gurgaon  

• Location: Gurgaon, Haryana

• Program: PGDM (Post Graduate Diploma in Management)

• Fees: ₹23.47 Lakhs

• Average Package: ₹23.80 Lakhs

• Top Recruiters: Deloitte, EY, KPMG, PwC

• Key Features: Strong placement network, focus on entrepreneurship.

9. Indian Institute of Foreign Trade (IIFT), Delhi  

• Location: New Delhi

• Program: MBA (International Business)

• Fees: ₹21.77 Lakhs

• Average Package: ₹25.16 Lakhs

• Top Recruiters: Amazon, Flipkart, HCL, Infosys

• Key Features: Specialization in international trade, global curriculum.

10. Great Lakes Institute of Management, Chennai  

• Location: Chennai, Tamil Nadu

• Program: PGPM (Post Graduate Program in Management)

• Fees: ₹19.25 Lakhs

• Average Package: ₹18.1 Lakhs

• Top Recruiters: Deloitte, EY, Accenture, HUL

• Key Features: Fast-track one-year program, strong alumni network.

11. TAPMI – T.A. Pai Management Institute, Manipal  

• Location: Manipal, Karnataka

• Program: PGDM (Post Graduate Diploma in Management)

• Fees: ₹16 Lakhs

• Average Package: ₹12.6 Lakhs

• Top Recruiters: Microsoft, Infosys, Deloitte, EY

• Key Features: AACSB accredited, strong focus on data analytics.

12. Narsee Monjee Institute of Management Studies (NMIMS) Mumbai  

• Location: Mumbai, Maharashtra

• Program: MBA (General Management)

• Fees: ₹20.8 Lakhs

• Average Package: ₹18.45 Lakhs

• Top Recruiters: Deloitte, PwC, EY, KPMG

• Key Features: High industry exposure, strong entrepreneurial culture.

Conclusion  

Selecting the right business school is crucial for shaping your career. The top GMAT colleges in India offer a blend of academic rigor, industry exposure, and career opportunities that can propel you to new heights. Whether you are looking for a general management program or a specialized course, the list of top MBA colleges in India accepting GMAT scores ensures that there is something for everyone. Consider your career goals, budget, and program preferences when making your decision to ensure the best fit for your aspirations.