2300 business schools & approximately 7,000 programs globally accept the GMAT exam. Think GMAT as your ticket to a top B-school. It has also started getting acceptance in some of the top business schools in India over the past decade.
This blog will talk about universities that accept or require GMAT scores around the world.
While earning an MBA from one of the top-ranked universities in the USA is an advantage in itself, students will also benefit from strong infrastructure, excellent internships, and exposure to cutting-edge content and technology, as well as practical training through projects. As a result, a large number of international students come to the United States for higher education every year.
Below is the list of top business schools in USA & their average GMAT scores.
| School | Average GMAT |
|---|---|
| 1. Stanford GSB | 737 |
| 2. Chicago (Booth) | 724 |
| 3. Pennsylvania (Wharton) | 722 |
| 4. Northwestern (Kellogg) | 730 |
| 5. Harvard | 727 |
| 6. MIT (Sloan) | 720 |
| 7. Columbia | 726 |
| 8. Dartmouth (Tuck) | 720 |
| 9. Berkeley (Haas) | 727 |
| 10. Yale SOM | 720 |
UK has to offer some of the best MBA courses in the world that are recognised globally & is one of the top GMAT accepting colleges in the world. Take a look at the UK business schools that performed best across the Financial Times (FT) Global MBA Rankings 2020, QS Global MBA Rankings 2020, and The Economist’s Full-time MBA Rankings 2019.
| School | Average GMAT |
|---|---|
| London Business School | 701+ |
| Oxford Business School | 650+ |
| Cambridge Judge Business School | 690+ |
| Imperial College of Business | 600+ |
| Warwick Business School | 660+ |
| Alliance Manchester Business School Cranfield | 650+ |
| University of Edinburgh Business School | 600+ |
| Cass Business School | 600+ |
| Cranfield School of Management | 600+ |
| Durham Business School | 600+ |
Canadian MBAs have recently gained prominence, making Canada one of the top three countries in the world to pursue an MBA. Rotman School of Management, Smith School of Business, Schulich School of Business, and Desautels Faculty of Management are among Canada’s top MBA schools.
Below is the list of B-schools where you can pursue an MBA through GMAT.
| School | GMAT Score |
|---|---|
| The university of Toronto – Rotman School of Management | 670 |
| Queen’s Smith School of Business | 654 |
| Western University – Ivey Business School | 680 |
| McGill University – Desautels Faculty of Management | 675 |
| York University – Schulich School of Business | 660 |
| UBC Sauder School of Business | 650 |
| Alberta School of Business | 650 |
| Concordia University – John Molson School of Business | 640 |
| HEC Montréal | 625 |
| Rowe School of Business | 550+ |
While this totally depends on what business school you are targeting but the average GMAT score ranges between 700 – 740 & a score of 740+ is absolutely an excellent score, from the above list of MBA programs by GMAT score we can take that if you want to get into one of the top business school in USA for that a score of 700+ is required. Similarly, for Canada, it ranges from 600-680 and in Europe it is 638-709.
Thus, one approach to determine a suitable score is to look at the average GMAT score of the incoming class for your preferred business school and add on the higher you score the better it is.
Generally, the IIMS cross our minds if we talk about top MBA colleges in India which accept GMAT score. But with time the scenario has changed and top colleges accepting GMAT scores in India have increased and each year more and more students are taking GMAT instead of CAT and other MBA entrance exams.
ISB Hyderabad and Mohali, IIM Ahmedabad, IIM Bangalore, SP Jain, IMT Ghaziabad, XLRI Jamshedpur, etc. are some of the notable colleges that accept GMAT & the average salary from these business schools is approx. INR 25,00,000.
Below is the list of GMAT accepting colleges in India.
| College | Average GMAT Score (out of 800) |
|---|---|
| Indian School of Business (ISB), Hyderabad | 700 |
| Indian Institute of Management, Ahmedabad | 706 |
| Indian Institute of Management, Bangalore | 695 |
| Indian Institute of Management, Calcutta | 700+ |
| Indian Institute of Management, Lucknow | 680 |
| XLRI, Jamshedpur | 700 |
| Indian Institute of Management, Indore | 580 |
| S.P. Jain Institute of Management & Research, Mumbai | 680 |
| IMT, Ghaziabad | 690 |
| Great Lakes Institute of Management, Chennai | 680 |
If we talk about eligibility requirements like GMAT scores & work experience to pursue MBA abroad & in India, nothing is carved in stone. There are students who are on the waiting list or have been rejected with a score of 720 and there are students who have been accepted even with a score of 680 because there are many B-schools in India and abroad that are fluid about their eligibility requirements and not only do they consider your scores but also consider how strong your profile is. Hence, your attitude and your aptitude both play an equally important role to showcase your learnings and your achievements effectively.
As a final takeaway, with bountiful opportunities to pursue your master’s abroad & in India through GMAT you can really take your career to a different level and keeping this in mind you should start preparing for the exam as soon as possible to ensure that you get into your desired top business school. This will help you to stand out in front of the adcoms and may even qualify for scholarship opportunities that will help you to cover the cost of your degree.
Do thorough research on business schools and their admission requirements along with the cut-offs, basis that you can start mapping your application plans.
Ques.1 Is GMAT enough to pursue an MBA?
While the GMAT is important to get into the top 50 business schools, globally the scores alone won’t impress the admissions committee. Having a strong profile is equally important.
Ques.2 Is 720 enough to get into Harvard?
Harvard Business School requires more than an average score hence, so we recommend you target at least 750.
Ques.3 Does IIM accept GMAT?
IIM accepts GMAT for 1 year full-time MBA programs.
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