Top 15 GMAT MBA Colleges in India

From ISB to management programs in the IIMs, there are several renowned GMAT MBA colleges in India . The Graduate Management Admission Test (GMAT) has emerged as a trendy route for access to premium MBA programs in both foreign and Indian business schools. Many top Indian business schools accept GMAT scores for their MBA as well as Executive MBA programmes, thereby offering students yet another avenue to access prestigious MBA programs besides the traditionally used entrance tests like CAT, XAT, or SNAP.

Also Read: List of Top IIMs in India 2024

GMAT MBA Colleges in India Highlights

Check out the list of the top GMAT MBA colleges in India along with their programs offered, average tuition fees, and more:

ISB Hyderabad and Mohali

Indian School of Business, believed to be the best business school in India, teaches on its two campuses based at Hyderabad and Mohali. Its curriculum and a good number of other programs running from PGPM to MDP and PGPMAX, with YLP, have become a household name in today's management school.

These specializations are offered in Entrepreneurship, Finance, IT Management, Operations Management, Marketing and Strategy & Leadership besides industry-specific tracks in Healthcare, Manufacturing, Public Policy and Infrastructure.

ISB recruits seasonally experienced professionals with an average GMAT score of 705 at Hyderabad and 708 at Mohali, along with an average work experience requirement of 4 years. The course tuition fee is INR 25,00,000.

Notable alumni include Neeraj Arora (WhatsApp VP), Ajith Andare (COO, Viacom), Sriram Venkataraman (Chief Financial Officer, Flipkart). ISB graduates report an excellent average pay package of INR 20,90,211.

SPJIMR, Mumbai

With a campus in Mumbai, SPJIMR is the flagship management institute that is well-known for its innovative pedagogy and value-based leadership. There are three programs currently running in the institute: PGDM, PGPM, and PGCIM.

Tuition charges start at INR 5,20,000 and could be up to INR 15,50,000. Indians with an average GMAT score of 650 usually suffice along with 5 years of average experience at work. The SPJIMR graduates receive an average package of INR 19,30,000 and enjoy a great connection with industries.

Some of the distinguished alumni include Rajesh Jejurikar (President, Mahindra & Mahindra), Sunil Lulla (Chairman, Grey Group India), and Girish Wagh (Sr. VP, Tata Motors).

IIM Ahmedabad

IIM Ahmedabad is all about academic brilliance and new-age research. They have the Post Graduate Programme in Management for Executives (PGPX) program, which costs a tuition of INR 24,50,000.

They also charge an average of 5 years of experience with a GMAT score of 700. The notable alumni include Mastercard's Ajay Banga, Naukri.com's Sanjeev Bikhchandani, and TCS's Rajesh Gopinathan.

This institute comes at an impressive average pay package of INR 22,14,000, marking it one of the favourite places for top executives and upcoming leaders.

School of Management, NMIMS, Mumbai

NMIMS Mumbai offers a wide variety of MBA programs with specializations in Pharma, HR, Family Business, and Executive MBA, with varying fee structures between INR 5,00,000 and INR 18,00,000.

The average GMAT is 600, and it requires an average experience of 2 years in work. Notable alumni include Avani Davda, former CEO of Tata Starbucks; Kunal Shah, co-founder of FreeCharge; and Aruna Jayanthi, CEO of Capgemini India.

This figure of INR 17,58,000 average package for NMIMS graduates well represents the institution's direction to focus on industry-ready education and robust alumni networks.

IIM Bangalore

IIM Bangalore is one of the leading institutions in management education. The fee ranges from INR 11,60,000 to INR 18,50,000 for PGP, PGPPM, and PGPEM. The average GMAT score is 700 with 5 years of experience. It is based out of Bangalore, and the alumni of this institution are Damodar Mall, CEO of Reliance Retail, and Sameer Suneja, Global CEO of Perfetti Van Melle. The average pay package at IIM-B is INR 21,42,000. It reflects both academic rigour and industry relevance.

Great Lakes Institute of Management, Chennai

Great Lakes is based in Chennai and offers PGPM as well as PGDM. For students from India, the tuition fee would be INR 15,58,000. They accept fresh graduates as well as those who have had up to 24 months of work experience, thus making it very popular with early-career professionals. The average salary package received by the graduates of Great Lakes is INR 12,33,000.

IIM Calcutta

IIM Calcutta is one of the first institutes in the management study. It offers PGP, PGPEX, and PGDBA for which its tuition fees lie between INR 11,25,000 to INR 22,00,000. The average GMAT score is 718 while the average years of experience are 5 years.

Ajit Balakrishnan (Rediff.com) and Ashish Chauhan (BSE) CEO are some of the names among its impressive alumni. The average compensation package is INR 20,00,000.

IIM Lucknow

The different programs in which IIM Lucknow accepts students include PGPM, PGP-ABM, and PGPSM. Tuition lies within the range of INR 12,65,000 to INR 16,00,000. Candidates must achieve a minimum GMAT score of 700.

Working experience of around 6 years is considered while admitting a student. Famous alumni are Rahul Singh (Director, Citigroup) and Rakesh Kapoor (Managing Director, Pacific Brands). IIM-L alumni enjoy an average salary of INR 18,45,000 while also having great career prospects.

IMT Ghaziabad, Hyderabad, Nagpur & Dubai

IMT is a multi-campus institute offering PGDM, Executive PGDM, and Doctoral Programmes. The tuition fee is around INR 15,00,000. The average GMAT is about 690 and the average work experience is about 3 years.

Some of the most notable alumni are Sachin Pilot (former minister of state) and Prasoon Joshi, Eminent Advertising Personality. Campus placements average around INR 11,00,000.

IIM Indore

The Indian Institute of Management Indore offers the EPGP for working professionals. The average required GMAT score is 690, and the average years of work experience of the candidate is five. Course fees for Indian nationals are INR 18,00,000, and the course fee for foreign nationals is US $45,000. The average package on placement here in Indore is INR 16,23,000.

IIM Kozhikode

IIM-Kozhikode offers PGP, Fellow Programme in Management, and Executive Post Graduate Programme. The average GMAT is 650, while the average work experience is five years. The fee for the PGP is INR 8,75,000.

Some notable alumni include Manjunath Talwar, Founder & CEO at Hiree, and Kashyap Chanchani, Managing Partner at The RainMaker Group. Average Package: INR 17,15,000.

FMS Delhi

FMS, Delhi -only accepts GMAT from foreign nationals; that requires a minimum score of 650. The average working experience is around 2 - 3 years. With such tuition fee amounts falling under extremely economical numbers— INR 10,480 for the per-annum charge at both MBA and INR 50,000 for MBA Executive. It counts well-known alumni, namely the Founder of Network 18 Mr Raghav Bahl and MD of Reliance Jio Infocomm-Mr Sandip Das—to whom an average pay offer for INR 20,60,000 might be delivered.

BITS Pilani

BITS Pilani does not have an exact cutoff score for GMAT as it considers the entire profile of candidates. The institutes offer diverse MBA specializations, which include areas such as Consultancy, Manufacturing, and Finance. It is one of those institutes that gives an average work experience of two years, and tuition fees for the course stand at INR 6,56,000.

Among its distinguished alumni are the Founder of SanDisk, Sanjay Mehrotra and Phanindra Sama, who is considered the Founder of RedBus. On average, students from BITS Pilani can get a salary package of INR 8,50,000 after completing their studies.

XIM Bhubaneswar

XIM Bhubaneswar offers a wide number of MBA programs like an MBA-BM, an MBA-HRM, Executive MBA, and fees of INR 11,00,000- to INR 15,40,000. Alumni have three years of average work experience, with averages of 550 for the GMAT. Notable alumni include Mohammed Alam, the Head of Product Management at National Commercial Bank and Sidharth Rath a Senior Vice President at UTI Bank. The average salary is INR 13,18,000.

GIM Goa

GIM, based in Goa, offers PGDM in specializations such as Healthcare Management and Big Data Analytics. The usual work experience is two years and the tuition fee is INR 15,21,700. GIM's notable alumni are Balendu Shrivastava, who heads measurement at Facebook India, and Sachin Kapoor, who is a Leader at Google. The average package is INR 8,50,000.

If you are looking to apply to an MBA course at one of the top GMAT MBA colleges in India, all you need to do is fill out the Common Application Form (CAF) . Our free student counselling service will help you understand and meet your admission requirements. Feel free to reach out to our helpline at 18005729877 or QnA zone for all the details and support you need.