Choosing the right business school is a crucial decision for aspiring MBA students. In India, many top-tier institutions accept GMAT scores as a key criterion for admission. This guide provides a comprehensive overview of the best GMAT accepting colleges in India, helping you make an informed decision about where to apply. From academic excellence to campus facilities and alumni networks, discover what these prestigious institutions have to offer.
The list is based on the college’s current NIRF ranking and covers important aspects like fees, cut-off, and salary package graduates bag upon getting hired. So, stay tuned till the end!
30 GMAT Accepting Colleges in India
From highly-reputed IIMs to emerging private universities, here's a quick overview of GMAT accepting colleges in India to aim for in 2024 and beyond.
| NIRF Ranking | College Name | Total Fee (INR) | Average GMAT Cutoff |
|---|---|---|---|
| 1 | Indian Institute of Management, Ahmedabad | ₹24 Lakhs | 740+ |
| 2 | Indian Institute of Management, Bangalore | ₹24.50 Lakhs | 730+ |
| 3 | Indian Institute of Management, Kozhikode | ₹22.5 Lakhs | 720+ |
| 4 | Indian Institute of Management, Calcutta | ₹31 Lakhs | 720+ |
| 6 | Indian Institute of Management, Lucknow | ₹26.25 Lakhs | 710+ |
| 8 | Indian Institute of Management, Indore | ₹22.12 Lakhs | 720+ |
| 9 | XLRI-Xavier School of Management | ₹14.95 Lakhs | 700+ |
| 11 | Indian Institute of Management, Raipur | ₹13.25 Lakhs | 615+ |
| 12 | Indian Institute of Management, Rohtak | ₹11.75 Lakhs | 650+ |
| 13 | Management Development Institute | ₹8.95 Lakhs | 680+ |
| 14 | Indian Institute of Technology, Kharagpur | ₹12.85 Lakhs | 740+ |
| 15 | Indian Institute of Technology, Madras | ₹11.13 Lakhs | 740+ |
| 16 | Indian Institute of Management, Udaipur | ₹10 Lakhs | 620+ |
| 18 | Indian Institute of Technology, Roorkee | ₹9.67 Lakhs | 720+ |
| 19 | Indian Institute of Management, Kashipur | ₹20 Lakhs | 620+ |
| 20 | S.P. Jain Institute of Management & Research | ₹17.40 Lakhs | 680 |
| 22 | Indian Institute of Management, Tiruchirappalli | ₹19.5 Lakhs | 680+ |
| 26 | Indian Institute of Management, Shillong | ₹22.71 Lakhs | 680+ |
| 27 | Indian Institute of Foreign Trade | ₹21.77 Lakhs | 650+ |
| 28 | Amity University | ₹15.56 Lakhs | 550+ |
| 29 | Indian Institute of Management Visakhapatnam | ₹17.82 Lakhs | 680+ |
| 30 | Amrita Vishwa Vidyapeetham | ₹11.20 Lakhs | 500+ |
| 31 | Great Lakes Institute of Management | ₹17.70 Lakhs | 680 |
| 32 | Lovely Professional University | ₹10.18 Lakhs | 500+ |
| 33 | Goa Institute of Management | ₹19.40 Lakhs | 620+ |
| 34 | International Management Institute, Delhi | ₹13.8 Lakhs | 550+ |
| 37 | MICA, Ahmedabad | ₹23 Lakhs | 590+ |
| 38 | Institute of Management Technology, Ghaziabad | ₹21.53 Lakhs | 650+ |
| 40 | ICFAI Foundation for Higher Education, Hyderabad | ₹16.02 Lakhs | 550+ |
| 41 | Indian Institute of Management, Jammu | ₹13.80 Lakhs | 640+ |
1. Indian Institute of Management, Ahmedabad - Gujarat
Indian Institute of Management, Ahmedabad (IIM-A) is widely regarded as one of India's premier management institutes.
Established in 1961, it has consistently ranked among the top business schools in Asia. IIM-A is renowned for its rigorous academic curriculum, case study method of teaching, and its flagship two-year Post Graduate Programme in Management (PGP).
The institute's iconic brick architecture, designed by Louis Kahn, sets it apart visually.
IIM-A boasts strong industry connections, leading to excellent placement opportunities for its graduates.
The institute also offers executive education programs and a Fellow Programme in Management (doctoral level).
| NIRF Rank | 1 | NIRF Score | 83.20 |
| Ownership | Public/Government | Accepted GMAT Score (Average) | 740+ |
| Course Offered | MBA-PGPX | Average Course Fees | ₹24 Lakhs |
| Average Placement Package | ₹35.68 LPA | Website | IIM-A |
2. Indian Institute of Management, Bangalore - Karnataka
Indian Institute of Management, Bangalore (IIM-B), founded in 1973, is known for its focus on technology and innovation management.
Located in India's Silicon Valley, IIM-B has strong ties with the IT industry. Its campus, designed by B.V. Doshi, is noted for its greenery and modern architecture.
IIM-B offers a diverse range of programs including the PGP, Executive Post Graduate Programme, and doctoral programs.
The institute is particularly acclaimed for its entrepreneurship incubation center, the N.S. Raghavan Centre for Entrepreneurial Learning (NSRCEL), which has nurtured numerous successful startups.
| NIRF Rank | 2 | NIRF Score | 80.89 |
| Ownership | Public/Government | Accepted GMAT Score (Average) | 730+ |
| Course Offered | PGPBA | Average Course Fees | ₹24.50 Lakhs |
| Average Placement Package | ₹35.92 LPA | Website | IIM-B |
3. Indian Institute of Management, Kozhikode - Kerala
Indian Institute of Management, Kozhikode (IIM-K), established in 1996, is known for its picturesque hillside campus in Kerala.
IIM-K has made significant strides in management education, particularly in gender diversity, being the first IIM to admit 54% women in its flagship PGP batch in 2013.
The institute is recognized for its innovative approach to learning, including the use of MOOCs and interactive learning programs.
IIM-K offers various management programs and is known for its strong focus on sustainability and responsible management.
| NIRF Rank | 3 | NIRF Score | 76.48 |
| Ownership | Public/Government | Accepted GMAT Score | 720+ |
| Course Offered | PGP-BL | Average Course Fees | ₹22.5 Lakhs |
| Average Placement Package | ₹29.23 LPA | Website | IIM-K |
4. Indian Institute of Management, Calcutta - West Bengal
Indian Institute of Management, Calcutta (IIM-C) is the first IIM to be established, dating back to 1961. Located in Kolkata, it has a rich legacy in management education and research.
IIM-C is particularly noted for its finance and economics programs. The institute's Joka campus is known for its serene lake and colonial-era buildings.
IIM-C offers a wide range of programs including the flagship PGP, executive MBA, and doctoral programs. It's also home to the Financial Research and Trading Laboratory, one of the most advanced in Asia.
| NIRF Rank | 4 | NIRF Score | 75.53 |
| Ownership | Public/Government | Accepted GMAT Score | 720+ |
| Course Offered | EMBA | Average Course Fees | ₹31 Lakhs |
| Average Placement Package | ₹35.07 LPA | Website | IIM-C |
5. Indian Institute of Management, Lucknow - Uttar Pradesh
Indian Institute of Management, Lucknow (IIM-L), founded in 1984, is known for its expansive campus and strong focus on entrepreneurship and sustainable development.
IIM-L stands out for having two campuses - the main campus in Lucknow and a satellite campus in Noida, which primarily caters to working executives.
The institute offers a variety of programs including the PGP, executive programs, and specialized courses in agribusiness management. IIM-L is also recognized for its Center for Marketing in Emerging Economies.
| NIRF Rank | 6 | NIRF Score | 74.11 |
| Ownership | Public/Government | Accepted GMAT Score | 710+ |
| Course Offered | IPMX (Part time) | Average Course Fees | ₹26.25 Lakhs |
| Average Placement Package | ₹32.23 LPA | Website | IIM-L |
6. Indian Institute of Management, Indore - Madhya Pradesh
Indian Institute of Management, Indore (IIM-I), established in 1996, has rapidly grown to become one of the largest IIMs in terms of student intake.
Located in Madhya Pradesh, IIM-I is known for its integrated program in management, a unique five-year course that students can join right after high school.
The institute has a strong focus on sustainability and has implemented various green initiatives on its eco-friendly campus. IIM-I also offers a range of executive education programs and has been expanding its international collaborations.
| NIRF Rank | 8 | NIRF Score | 71.95 |
| Ownership | Public/Government | Accepted GMAT Score | 720+ |
| Course Offered | EPGP | Average Course Fees | ₹22.12 Lakhs |
| Average Placement Package | ₹25.68 LPA | Website | IIM-I |
7. XLRI-Xavier School of Management, Jamshedpur - Jharkhand
Established in 1949 in Jamshedpur, XLRI is one of India's oldest and most prestigious business schools. It's renowned for its Human Resource Management and Business Management programs.
The institute offers a two-year full-time Post Graduate Diploma in Management (PGDM) in Business Management and Human Resource Management, a 15-month General Management Programme (GMP), and a Fellow Program in Management (FPM).
XLRI is known for its rigorous curriculum, strong alumni network, and emphasis on ethics and social responsibility. The campus features modern facilities, including a well-stocked library, state-of-the-art classrooms, and a dedicated placement cell.
XLRI consistently ranks among the top business schools in India and has international accreditations from AACSB and AMBA.
| NIRF Rank | 9 | NIRF Score | 70.75 |
| Ownership | Private | Accepted GMAT Score | 700+ |
| Course Offered | GMP | Average Course Fees | ₹14.95 Lakhs |
| Average Placement Package | ₹29.89 LPA | Website | XLRI |
8. Indian Institute of Management, Raipur - Chhattisgarh
Founded in 2010, IIM Raipur has quickly established itself as a center of excellence in management education.
Located in Chhattisgarh, the institute offers a Post Graduate Program in Management (PGP), a Fellow Programme in Management (FPM), and various executive education programs.
IIM Raipur is known for its focus on sustainable development and entrepreneurship, with a curriculum that integrates local business practices.
The institute has a modern campus with state-of-the-art facilities, including smart classrooms, a well-equipped library, and research centers.
IIM Raipur has been actively building international collaborations and emphasizes experiential learning through industry internships and live projects.
| NIRF Rank | 11 | NIRF Score | 66.18 |
| Ownership | Public/Government | Accepted GMAT Score | 615+ |
| Course Offered | PhD program (specializations: Strategic Management, Finance and Accounting, Marketing Management, and Operations Management) | Average Course Fees | ₹13.25 Lakhs |
| Average Placement Package | ₹19.7 LPA | Website | IIM Raipur |
9. Indian Institute of Management, Rohtak - Haryana
Established in 2010, IIM Rohtak has made significant strides in management education. Located in Haryana, it offers a Post Graduate Programme in Management (PGP), a Fellow Programme in Management (FPM), and executive education programs.
The institute is known for its focus on analytics and digitalization in management. IIM Rohtak has a sprawling campus with modern infrastructure, including an incubation center for startups.
The institute emphasizes research and has established several centers of excellence in areas like Big Data Analytics and Artificial Intelligence. IIM Rohtak also focuses on gender diversity and has consistently maintained a high percentage of female students in its batches.
| NIRF Rank | 12 | NIRF Score | 65.88 |
| Ownership | Public/Government | Accepted GMAT Score | 650+ |
| Course Offered | Doctoral Program in Management (DPM) | Average Course Fees | ₹11.75 Lakhs |
| Average Placement Package | ₹19.27 LPA | Website | IIM Rohtak |
10. Management Development Institute, Gurugram - Haryana
Founded in 1973, MDI Gurgaon is a leading business school known for its industry connections and practical approach to management education. It offers various post-graduate programs, including PGDM (Post Graduate Diploma in Management), PGDM-HRM, PGDM-IB (International Business), and a Fellow Programme in Management.
MDI is renowned for its research and consultancy services, with several research centers focusing on different aspects of management. The institute has a lush green campus with modern facilities, including a well-stocked library, computer labs, and sports facilities.
MDI has strong international collaborations and offers student exchange programs with several foreign universities.
| NIRF Rank | 13 | NIRF Score | 64.88 |
| Ownership | Private | Accepted GMAT Score | 680+ |
| Course Offered | Executive MBA programs | Average Course Fees | ₹8.95 Lakhs |
| Average Placement Package | ₹12.40 LPA | Website | MDI |
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Conclusion
So, these were the top 30 GMAT accepting colleges in India. We hope this list helps you choose the college that best fits your needs and ignites your managerial spirits.
Also, remember that a high GMAT score is just one of the many requirements to get admission into these colleges. A strong academic background, relevant work experience, and well-written essays are equally important.
