Aspiring MBA students in India have a plethora of options when it comes to choosing a business school. However, with so many options comes the confusion. This article will spotlight some of the best GMAT accepting colleges in India along with a quick overview of their programs, placements, and overall reputation. The goal is to equip you with enough knowledge for the right decision-making. Let’s dive in!
10 Most Popular GMAT Accepting Colleges in India
| College Name | Average Salary Package (INR) |
| Indian School of Business (ISB), Hyderabad | 25+ lakhs per annum |
| Indian Institute of Management (IIM) Ahmedabad | 25-30 lakhs per annum |
| Indian Institute of Management (IIM) Bangalore | 25+ lakhs per annum |
| Indian Institute of Management (IIM) Calcutta | 24+ lakhs per annum |
| SP Jain Institute of Management and Research (SPJIMR), Mumbai | 22 lakhs per annum |
| Xavier School of Management (XLRI), Jamshedpur | 20-23 lakhs per annum |
| Indian Institute of Management (IIM) Lucknow | 23-25 lakhs per annum |
| Faculty of Management Studies (FMS), Delhi | 20-22 lakhs per annum |
| Indian Institute of Foreign Trade (IIFT), Delhi | 18-20 lakhs per annum |
| Management Development Institute (MDI), Gurgaon | 20-22 lakhs per annum |
Below is the list of top business schools in India that use GMAT as one of the key criteria for admitting students into their MBA and other graduate management programs. Check them out and see which one aligns best with your career aspirations:
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Indian School of Business (ISB), Hyderabad
Programs: Post Graduate Program in Management (PGP), Executive MBA (EMBA)
ISB Hyderabad is consistently ranked among the top business schools in India and Asia, making it a dream destination for many MBA aspirants.
ISB is renowned for its world-class faculty and rigorous curriculum. The PGP at ISB is designed to groom future leaders and entrepreneurs through a blend of theoretical knowledge and practical exposure.
The school boasts impressive placement statistics, with graduates securing roles in top global and Indian companies. The average salary package often exceeds INR 25 lakhs per annum.
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Indian Institute of Management (IIM) Ahmedabad
Programs: Post Graduate Program (PGP), Fellow Program in Management (FPM), Executive MBA (PGPX)
IIM Ahmedabad is often regarded as the best business school in India and has a strong international reputation.
The name in itself is synonymous with excellence in management education. The institute has an enviable placement record, with leading firms across various sectors recruiting from its campus. The average salary package is around INR 25-30 lakhs per annum.
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Indian Institute of Management (IIM) Bangalore
Programs: Post Graduate Program (PGP), Executive Post Graduate Program (EPGP), Post Graduate Program in Public Policy and Management (PGPPM)
Known for its vibrant campus life and high academic standards, IIM Bangalore is one of the top choices for MBA aspirants. IIM Bangalore’s diverse programs with their exclusive focus on innovation, leadership, and entrepreneurship are designed to meet the needs of both fresh graduates and experienced professionals.
The institute enjoys strong industry connections, ensuring excellent placement opportunities. The average salary package is competitive, often exceeding INR 25 lakhs per annum.
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Indian Institute of Management (IIM) Calcutta
Programs: Post Graduate Diploma in Management (PGDM), Post Graduate Program for Executives (PGPEX), Doctoral Program
IIM Calcutta is renowned for its finance and consulting placements and is one of the most prestigious B-schools in the country. The institute is a pioneer in management education in India and is known to offer a robust curriculum that combines theoretical learning with real-world applications.
With an extensive network of alumni and industry ties, IIM Calcutta has a stellar placement record. The average salary package is typically above INR 24 lakhs per annum.
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SP Jain Institute of Management and Research (SPJIMR), Mumbai
Programs: Post Graduate Diploma in Management (PGDM), Global Management Program (GMP), Post Graduate Program in Family Managed Business (PGPFMB)
SPJIMR is known for its innovative teaching methods and a strong focus on value-based leadership. The institute encourages experiential learning through various initiatives.
SPJIMR’s placement statistics are impressive, with students receiving offers from top multinational corporations. The average salary package is around INR 22 lakhs per annum.
SPJIMR consistently ranks among the top 10 business schools in India and is respected for its academic rigor and industry connections.
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Xavier School of Management (XLRI), Jamshedpur
Programs: Post Graduate Diploma in Management (PGDM) in Business Management and Human Resource Management, Executive Diploma in Management (EDM)
XLRI is one of the oldest business schools in India and is known for its strong focus on ethics and social responsibility in management education.
The college has a distinguished reputation and is particularly noted for its HR program, which is considered the best in India.
XLRI’s graduates are highly sought after by top firms, especially in the HR and consulting sectors. The average salary package is around INR 20-23 lakhs per annum.
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Indian Institute of Management (IIM) Lucknow
Programs: Post Graduate Program (PGP), International Program in Management for Executives (IPMX), Working Managers’ Program (WMP)
IIM Lucknow offers a comprehensive curriculum that emphasizes leadership, innovation, and sustainability. The institute has a robust academic framework supported by experienced faculty.
The placement record of IIM Lucknow is commendable, with graduates securing high-paying jobs in reputed organizations. The average salary package is around INR 23-25 lakhs per annum.
IIM Lucknow is known for its strong academic credentials and vibrant campus culture, making it a top choice for many MBA aspirants.
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Faculty of Management Studies (FMS), Delhi
Programs: Master of Business Administration (MBA), Executive MBA, Management Development Program (MDP)
FMS Delhi offers a cost-effective yet high-quality MBA program. The institute is known for its strong industry connections and practical approach to management education.
FMS Delhi has an excellent placement record, with students receiving lucrative offers from top companies. The average salary package is around INR 20-22 lakhs per annum.
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Indian Institute of Foreign Trade (IIFT), Delhi
Programs: Master of Business Administration in International Business (MBA-IB), Executive MBA, Certificate Program in Export Management
IIFT is a premier institution for international business studies in India, with a strong reputation among global companies.
The school’s curriculum is meticulously designed to provide its students with a global perspective and in-depth knowledge of international markets.
IIFT graduates are highly valued for their expertise in international business. The average salary package is around INR 18-20 lakhs per annum.
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Management Development Institute (MDI), Gurgaon
Programs: Post Graduate Program in Management (PGPM), National Management Program (NMP), Post Graduate Program in Human Resource Management (PGP-HRM)
MDI Gurgaon offers a range of programs that combine rigorous academics with practical exposure. The institute emphasizes leadership development and ethical business practices.
The institute has a strong placement record, with graduates being recruited by top companies across various sectors. The average salary package is around INR 20-22 lakhs per annum.
MDI is well-regarded for its academic excellence and industry interface, making it a popular choice for MBA aspirants.
You can also read: Cost of GMAT Exam in India
Conclusion
Choosing the right business school is a critical decision that can shape your career trajectory. The GMAT accepting colleges in India highlighted in this guide offer excellent programs, strong placement records, and solid reputations. Whether you prioritize academic rigor, industry connections, or global exposure, these institutions provide a range of options to suit your career aspirations.
