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GMAT 1 min read 14 June 2026

Top 20 Indian Business Schools Accepting GMAT Scores in 2026

Aspiring for an MBA at a premier Indian business school?

Your GMAT results can serve as your pathway! Numerous esteemed management institutions in India currently accept GMAT scores for their MBA and PGDM offerings, unlocking access to top-tier learning and international professional prospects.

However, which institutions should you focus on? This compilation of leading GMAT-accepting business schools in India will assist you in discovering the ideal match, ranging from IIMs to premier private establishments, helping you achieve your management education aspirations!

Key Highlights:

  • Prominent GMAT-accepting institutions in India feature IIM Ahmedabad, ISB, IIM Calcutta, IIM Bengaluru, and SP Jain (Mumbai).
  • The typical program costs for Indian management institutions taking GMAT scores span from INR 10 lakhs to INR 42 lakhs, with average compensation packages varying between INR 17.3 LPA and INR 34 LPA.
  • These business programs demand GMAT results varying from 650+ to 718 alongside 2 to 5 years of professional background.

Top 20 GMAT Accepting Indian Business Schools for 2026

Several highly rated academies nationwide feature exceptional management curricula that take GMAT results, alongside alternative test scores such as CAT, NMAT, and XAT throughout the selection process.

Presented here are the leading GMAT-accepting institutions in India:

Name of the College

Location

Average GMAT Score

Indian School of Business, Hyderabad

Hyderabad, Telangana

709

Indian Institute of Management, Ahmedabad

Ahmedabad, Gujarat

702

Indian Institute of Management, Bangalore

Bengaluru, Karnataka

709

Indian Institute of Management, Calcutta

Kolkata, West Bengal

690

Indian Institute of Management, Lucknow

Lucknow, Uttar Pradesh

710

Indian Institute of Management, Kozhikode

Kozhikode, Kerala

650

Indian Institute of Management, Indore

Indore, Madhya Pradesh

650

Indian Institute of Management, Shillong

Shillong, Meghalaya

600

Indian Institute of Management, Kashipur

Kashipur, Uttarakhand

600

Xavier School of Management, Jamshedpur 

Jamshedpur, Jharkhand

686

Management Development Institute, Gurugram

Gurugram, Haryana

660

SP Jain Institute of Management & Research, Mumbai

Mumbai, Maharashtra

660

Great Lakes of Institute of Management, Chennai

Chennai, Tamil Nadu

600

Narsee Monjee Institute of Management Studies, Mumbai

Mumbai, Maharashtra

600

TA Pai Institute of Management, Manipal

Manipal, Karnataka

630

International Management Institute, New Delhi

New Delhi, Delhi

600

Xavier Institute of Management, Bhubaneswar

Bhubaneswar, Odisha

550

Alliance University, Bengaluru

Bengaluru, Karnataka

500

Amity University, Noida

Noida, Uttar Pradesh

550

Institute of Management Technology, Ghaziabad

Ghaziabad, Uttar Pradesh

550

Let us examine these Indian business schools thoroughly below:

1. Indian School of Business (ISB), Hyderabad

The Indian School of Business (ISB), situated in Hyderabad, Telangana, is an internationally recognized private management college celebrated for its creative teaching methods and advanced investigations. Founded in 2001, ISB provides a thorough Post Graduate Programme in Management (PGP), alongside other executive training options, and has consistently maintained high placements among worldwide business schools. Featuring exceptional instructors, modern facilities, and a varied student body, ISB highlights leadership advancement, international commercial perspectives, and entrepreneurial mindsets. Its solid corporate ties and active graduate community establish it as a top selection for prospective commercial directors.

College Type

Private

Average GMAT Score Required

710

Average Work Ex Required

2-3 Years

Average Annual Tuition Fees

INR 36 lakhs 

Average Pay Package

INR 34.21 LPA

Courses Offered

PGP

Top Specialisations

Finance, Marketing, Strategy

Top Hiring Industries

Consulting (22%), Technology (20%), BFSI (18%)

Looking to improve your GMAT results for your business school applications? Connect with Ashiraj Prep for supportive guidance and beneficial materials!

2. Indian Institute of Management (IIM), Ahmedabad

Indian Institute of Management Ahmedabad (IIM-A), situated in Gujarat, stands as India's foremost administration academy, celebrated for scholarly distinction and its strict selection procedure. Founded in 1961, it holds international acclaim for its primary Post Graduate Programme in Management (PGP) and the Executive Post Graduate Programme (PGPX). Featuring a distinguished faculty, advanced syllabus, and a concentration on case-based instruction, IIM-A encourages analytical thought and tactical decision-making. The academy's expansive campus, planned by famous creator Louis Kahn, and its solid international alliances guarantee a transformative educational journey.

College Type

Public

Average GMAT Score Required

702

Average Work Ex Required

2-4 Years

Average Annual Tuition Fees

INR 28 lakhs

Average Pay Package

INR 35.68 LPA

Courses Offered

PGP, PGPX

Top Specialisations

General Management, Finance, Operations, Strategy

Top Hiring Industries

Consulting (25%), Technology (15%), Finance (20%)

3. Indian Institute of Management (IIM), Bangalore

Located in Karnataka's capital, the Indian Institute of Management Bangalore (IIM-B) is a public administration academy recognized for its dedication to promoting creativity and enterprise. Established in 1973, it supplies a selection of curricula, comprising the primary Post Graduate Programme in Management (PGP) and the Executive Post Graduate Programme (EPGP). IIM-B combines scholarly strictness with practical relevance, equipping scholars for leadership positions across sectors. Featuring a green campus, internationally celebrated instructors, and extensive corporate partnerships, it functions as a symbol of distinction in management training.

College Type

Public

Average GMAT Score Required

709

Average Work Ex Required

2-4 Years

Average Annual Tuition Fees

INR 27.5 lakhs

Average Pay Package

INR 34.33 LPA

Courses Offered

PGP, EPGP

Top Specialisations

Finance, Marketing, Strategy

Top Hiring Industries

Consulting (30%), Technology (25%), E-Com (15%)

4. Indian Institute of Management (IIM), Calcutta

As the initial Indian Institute of Management, IIM Calcutta, established in 1961, maintains an esteemed standing in administration training. Situated in Kolkata, West Bengal, it is celebrated for its analytical and numerical orientation, establishing it as a center for finance and economic proficiency. Its primary MBA curriculum and executive training options attract premier talent domestically and globally. The academy maintains an active campus, successful graduates, and a culture of scholarly distinction, encouraging the progress of worldwide commercial directors.

College Type

Public

Average GMAT Score Required

690

Average Work Ex Required

2-3 Years

Average Annual Tuition Fees

INR 27 lakhs

Average Pay Package

INR 30.90 LPA

Courses Offered

PGP, MBAEx

Top Specialisations

Finance, Marketing, Operations

Top Hiring Industries

Consulting (22%), Technology (18%), Finance (18%)

5. Indian Institute of Management (IIM), Lucknow

Founded in 1984, IIM Lucknow is a prominent public business academy situated in Uttar Pradesh. It supplies a selection of administration curricula, comprising the Post Graduate Programme in Management (PGP) and the International Programme in Management for Executives (IPMX). Recognized for its emphasis on value-centered leadership and endurance, IIM Lucknow's syllabus merges theoretical foundations with applied uses. The academy's picturesque campus, successful instructors, and solid graduate community support its standing as a hub of scholarly and professional distinction.

College Type

Public

Average GMAT Score Required

710

Average Work Ex Required

2-3 Years

Average Annual Tuition Fees

INR 23.5 lakhs 

Average Pay Package

INR 26.47 LPA

Courses Offered

PGP, IPMX

Top Specialisations

Operations, Marketing, Strategy

Top Hiring Industries

Consulting (28%), Manufacturing (20%), BFSI (18%)

6. Indian Institute of Management (IIM), Kozhikode

Indian Institute of Management Kozhikode (IIM-K), founded in 1996 in Kerala, is noted for its emphasis on creativity and accessibility within management training. Its primary Post Graduate Programme (PGP) and Executive Post Graduate Programme (EPGP) are held in high regard for promoting analytical thought and leadership abilities. Situated among the verdant Western Ghats, the campus provides a peaceful instructional setting. IIM-K's concentration on technology-focused teaching methods and varied scholarly projects guarantees its alumni are thoroughly equipped for shifting commercial environments.

College Type

Public

Average GMAT Score Required

650+

Average Work Ex Required

2-3 Years

Average Annual Tuition Fees

INR 13 lakhs 

Average Pay Package

INR 17.15 LPA

Courses Offered

PGP, EPGP

Top Specialisations

Finance, Marketing, Strategy

Top Hiring Industries

Consulting (20%), Technology (25%), BFSI (18%)

7. Indian Institute of Management (IIM), Indore

Established in 1996, the Indian Institute of Management Indore (IIM-I) is a top-tier business school located in Madhya Pradesh, celebrated for its comprehensive approach to management education. Its premier Post Graduate Programme (PGP) and Executive Post Graduate Programme (EPGP) aim to cultivate socially conscious and ethically grounded leaders. Featuring an expansive hilltop campus, strong faculty, and an emphasis on practical learning, IIM-I highlights innovation, leadership, and strategic vision.

College Type

Public

Average GMAT Score Required

650

Average Work Ex Required

2-3 Years

Average Annual Tuition Fees

INR 20 lakhs 

Average Pay Package

INR 27.80 LPA

Courses Offered

PGP, EPGP

Top Specialisations

Operations, Marketing, Strategy

Top Hiring Industries

Consulting (24%), Technology (16%), Manufacturing (20%)

8. Indian Institute of Management (IIM), Shillong

Founded in 2007 in Meghalaya, IIM Shillong is recognized for incorporating environmental stewardship and sustainability into its business curriculum. The school delivers premier courses such as the Post Graduate Programme for Executives (PGPEx) and the Post Graduate Programme in Management (PGP). Situated amidst the scenic hills of Shillong, it offers a distinct combination of academic challenge and serene surroundings. The emphasis on sustainable business practices makes IIM Shillong a unique option for future leaders.

College Type

Public

Average GMAT Score Required

600

Average Work Ex Required

2-3 Years

Average Annual Tuition Fees

INR 19 lakhs 

Average Pay Package

INR 16.00 LPA

Courses Offered

PGP, PGPEx

Top Specialisations

Finance, Marketing, Operations

Top Hiring Industries

Consulting (28%), Technology (18%), BFSI (22%)

9. Indian Institute of Management (IIM), Kashipur

Situated in Uttarakhand, IIM Kashipur was founded in 2011 and has swiftly gained acclaim for its high-standard business education. Its flagship Post Graduate Programme (PGP) and Executive MBA for Working Professionals (MBA-WX) stress industry relevance and practical abilities. Encompassed by the scenic charm of the Himalayan foothills, IIM Kashipur blends academic rigor with a strong focus on innovation and entrepreneurship.

College Type

Public

Average GMAT Score Required

600

Average Work Ex Required

2-3 Years

Average Annual Tuition Fees

INR 9.5 lakhs 

Average Pay Package

INR 14.00 LPA

Courses Offered

PGP, MBA-WX

Top Specialisations

Finance, Marketing, Operations

Top Hiring Industries

Consulting (28%), Technology (18%), BFSI (22%)

10. Xavier School of Management (XLRI), Jamshedpur

XLRI Jamshedpur ranks among India's most prestigious and oldest business schools, having been founded in 1949. Renowned for its flagship PGDM courses in Human Resource Management and Business Management, XLRI prioritizes sustainability and ethics within its teaching methods. The school's lively campus, seasoned faculty, and robust corporate connections have solidified its standing as a pioneer in developing socially responsible corporate leaders.

College Type

Private

Average GMAT Score Required

690

Average Work Ex Required

2-3 Years

Average Annual Tuition Fees

INR 23.1 lakhs 

Average Pay Package

INR 29.40 LPA

Courses Offered

PGDM (General Management), MBA HR

Top Specialisations

HR Management, BM, General Management

Top Hiring Industries

Consulting (25%), FMCG (35%), BFSI (18%)

11. Management Development Institute (MDI), Gurugram

Founded in 1973, MDI Gurugram is a leading private business school situated in Haryana, celebrated for its demanding academic courses including the Executive PGDM and PGDM. The institution's dedication to industry-focused learning and global perspectives ensures its graduates are thoroughly prepared for leadership positions. MDI's contemporary campus, influential corporate alliances, and successful alumni render it a highly sought-after destination for business studies.

College Type

Private

Average GMAT Score Required

660

Average Work Ex Required

2-3 Years

Average Annual Tuition Fees

INR 15.35 lakhs 

Average Pay Package

INR 17.35 LPA

Courses Offered

PGDM

Top Specialisations

Finance, Marketing, HR

Top Hiring Industries

Consulting (30%), Technology (20%), BFSI (25%)

12. SP Jain Institute of Management & Research (SPJIMR), Mumbai

SPJIMR, founded in 1981 in Mumbai, Maharashtra, is a premier private business school recognized for its value-driven education and creative curriculum. The institution's premier Post Graduate Programme in Management (PGPM) and Post Graduate Diploma in Management (PGDM) are crafted to build globally aware and socially sensitive leaders. SPJIMR's robust corporate networks and concentration on hands-on learning position it as a primary choice for ambitious professionals.

College Type

Private

Average GMAT Score Required

690

Average Work Ex Required

2-3 Years

Average Annual Tuition Fees

INR 20 lakhs 

Average Pay Package

INR 33.00 LPA

Courses Offered

PGPM

Top Specialisations

Finance, Marketing, Operations

Top Hiring Industries

Consulting (30%), FMCG (35%), E-Com (15%)

13. Great Lakes Institute of Management, Chennai

Established in 2004, the Great Lakes Institute of Management located in Chennai serves as a trailblazer in integrating technology and analytics into management education. Its premier courses, encompassing the PGDM and PGPM, highlight innovation and leadership cultivation. Boasting an expansive eco-friendly campus alongside a renowned faculty, Great Lakes delivers an educational experience that fosters transformation.

College Type

Private

Average GMAT Score Required

600

Average Work Ex Required

2-3 Years

Average Annual Tuition Fees

INR 17 to 19 lakhs 

Average Pay Package

INR 15.10 LPA

Courses Offered

PGPM, PGDM

Top Specialisations

Finance, Marketing, Analytics

Top Hiring Industries

Consulting (25%), Technology (30%), BFSI (20%)

14. Narsee Monjee Institute of Management Studies (NMIMS), Mumbai

The Narsee Monjee Institute of Management Studies (NMIMS), founded in 1981, operates as a premier private university based in Mumbai, Maharashtra. Celebrated for its signature MBA curriculum, NMIMS delivers a combination of industry integration and academic excellence. The university's contemporary infrastructure, varied specializations, and impressive placement history position it as a favored option for management candidates.

College Type

Private

Average GMAT Score Required

600

Average Work Ex Required

2-3 Years

Average Annual Tuition Fees

INR 12 lakhs 

Average Pay Package

INR 26.00 LPA

Courses Offered

MBA

Top Specialisations

Finance, Marketing, Operations

Top Hiring Industries

Consulting (25%), Technology (20%), BFSI (30%)

15. TA Pai Institute of Management (TAPMI), Manipal

The TA Pai Institute of Management, launched in 1980 in Manipal, Karnataka, is well-known for its dedication to experiential learning and strong industry ties. Its signature PGDM courses spanning Marketing, Human Resource Management, and Banking and Financial Services are held in high regard. TAPMI's focus on entrepreneurship and leadership guarantees that graduates are well-prepared for rapidly changing corporate environments.

College Type

Private

Average GMAT Score Required

630

Average Work Ex Required

2-3 Years

Average Annual Tuition Fees

INR 15.1 lakhs 

Average Pay Package

INR 11.50 LPA

Courses Offered

PGDM, PGDM-BKFS, PGDM-HRM, PGDM-Marketing

Top Specialisations

Finance, Marketing, Strategy

Top Hiring Industries

Consulting (25%), Technology (15%), BFSI (35%)

16. International Management Institute (IMI), New Delhi

Founded in 1981, the International Management Institute (IMI) New Delhi is a top-tier private business school providing premier courses such as the Executive PGDM. Recognized for its industry-aligned syllabus and international partnerships, IMI places strong emphasis on analytical reasoning, innovation, and leadership. The school's metropolitan campus and solid corporate links guarantee strong employment prospects for its scholars.

College Type

Private

Average GMAT Score Required

600

Average Work Ex Required

2-3 Years

Average Annual Tuition Fees

INR 12 lakhs 

Average Pay Package

INR 13.00 LPA

Courses Offered

PGDM-Ex

Top Specialisations

Finance, Marketing, HR

Top Hiring Industries

Consulting (35%), Technology (20%), BFSI (30%)

17. Xavier Institute of Management (XIMB), Bhubaneswar

Established in 1987, the Xavier Institute of Management Bhubaneswar (XIMB) is a top-tier private business institution in Odisha. Its flagship Executive MBA and MBA curricula are structured to cultivate innovative and responsible leaders. Emphasizing technology, sustainability, and ethics, XIMB provides an engaging campus atmosphere supported by a dedicated faculty to foster comprehensive learning.

College Type

Private

Average GMAT Score Required

650

Average Work Ex Required

2-3 Years

Average Annual Tuition Fees

INR 18.3 lakhs 

Average Pay Package

INR 15.00 LPA

Courses Offered

MBA, MBA-Ex

Top Specialisations

Finance, Marketing, Operations

Top Hiring Industries

Consulting (30%), Manufacturing (25%), FMCG (20%)

18. Alliance University, Bengaluru

Alliance University, situated in Bengaluru, Karnataka, stands as a premier private institution recognized for its thorough MBA curriculum. The university syllabus centers on global business strategies, leadership, and critical thinking. Featuring a contemporary campus, an accomplished teaching staff, and a practical industry approach, Alliance University equips learners for varied corporate roles.

College Type

Private

Average GMAT Score Required

600

Average Work Ex Required

1-3 Years

Average Annual Tuition Fees

INR 13.5 lakhs 

Average Pay Package

INR 9.00 LPA

Courses Offered

MBA

Top Specialisations

Finance, Marketing, Operations

Top Hiring Industries

Consulting (30%), Technology (25%), BFSI (20%)

19. Amity University, Noida

Located in Noida, Uttar Pradesh, Amity University is a leading private institution that provides various management courses, most notably its flagship MBA. Recognized for its modern campus, knowledgeable professors, and practical curriculum, Amity places strong emphasis on cultivating innovation, leadership, and career success. Its focus on job readiness makes it a popular option for management studies.

College Type

Private

Average GMAT Score Required

600

Average Work Ex Required

0-3 Years

Average Annual Tuition Fees

INR 7 lakhs 

Average Pay Package

INR 8.00 LPA

Courses Offered

MBA

Top Specialisations

Finance, Marketing, HR

Top Hiring Industries

Consulting (25%), Technology (20%), Marketing (30%)

20. Institute of Management Technology, Ghaziabad

The Institute of Management Technology (IMT), Ghaziabad, stands as a top-tier business school in India, celebrated for providing exceptional management education. Founded in 1980, IMT delivers a selection of postgraduate degrees, including the well-known PGDM, PGDM-HRM, and PGDM-Executive. The institution is recognized for its industry-focused curriculum, advanced facilities, and heavy emphasis on experiential learning. Featuring an international faculty and global perspective, IMT Ghaziabad serves as a center for developing tomorrow's leaders, graduating professionals who thrive in leading sectors such as consulting, finance, and technology.

College Type

Private

Average GMAT Score Required

650

Average Work Ex Required

2-5 Years

Average Annual Tuition Fees

INR 21.6 lakhs 

Average Pay Package

INR 17.35 LPA

Courses Offered

PGDM, PGDM-Ex, PGDDM-I, PGDM-HRM

Top Specialisations

Finance, Marketing, Operations

Top Hiring Industries

Consulting (30%), Technology (20%), BFSI (25%)

Top Indian Business Schools Accepting GMAT Scores from Freshers

While many assume that an MBA requires prior work experience, that is not entirely accurate. Numerous students pursue an MBA immediately following graduation, though doing so demands a strong GMAT score. Another benefit of taking the GMAT is that your results remain valid for 5 years, allowing you to also apply to international universities during that timeframe if desired.

Here are the leading Indian business schools that welcome GMAT scores from recent graduates:

University 

Location

Average GMAT Score

SP Jain Institute of Management and Research

Mumbai

650

Great Lakes Institute of Management 

Chennai

600

Xavier Institute of Management 

Bhubeneswar 

550

Indian Institute of Management Technology 

Ghaziabad 

650

IMI 

Gurgaon

650

BITS Pilani 

Rajasthan

690

KJ Somaiya

Mumbai

600

TAPMI 

Manipal

630

Welingkar Institute of Management Development & Research

Bangalore & Mumbai

600

Goa Institute of Management

Goa

620

GMAT Score Validity for MBA Applicants in India

GMAT scores remain valid for MBA candidates in India for five years following the test date. This allows applicants to submit their GMAT results to Indian business schools within five years of taking the examination. Once this duration passes, the score becomes invalid and cannot be used for admissions.

For instance, taking the GMAT on January 1, 2020, means your score stays valid until January 1, 2025. Checking the exact admission deadlines of your preferred institutions is crucial, since certain programs might demand a valid score during the application review or interview stage. Furthermore, make sure to meet the score-reporting schedules, as specific schools may require official scores sent directly from GMAC, the body administering the GMAT.

How to Apply to Indian B-schools After Taking the GMAT Test?

Navigating the entire journey of investigating top GMAT-accepting colleges and submitting applications can prove intricate and overwhelming. Consequently, the application steps have been outlined below:

  • Step 1: Research all leading Indian institutions that accept GMAT results.
  • Step 2: Narrow down your primary selections based on your background and the offerings of each college.
  • Step 3: Sign up for the GMAT test on mba.com and choose an appropriate date and testing location.
  • Step 4: Take the GMAT test early enough to meet your college application deadlines.
  • Step 5: Fill out the application form on the websites of your chosen colleges, providing all required details, including your GMAT scores.
  • Step 6: Monitor your application status consistently and prepare for interviews if required.

Suggested: GMAT Eligibility Criteria in India

Benefits of Studying at Indian Business Schools Accepting GMAT 

While nations like the USA, the UK, and Canada boast numerous top-ranked business schools, India also features exceptional business programs at highly esteemed institutions that accept GMAT scores alongside other entrance tests. Here are several advantages of pursuing business education at premier Indian colleges.

  • Placement Opportunities: Graduating from a respected business school in India practically ensures securing a solid placement in a leadership position at a premier company.
  • Lucrative Pay Packages: Prestigious Indian business schools significantly boost your prospects of securing a higher salary after graduation. An MBA from a top-tier national institution typically ensures competitive compensation even during economic downturns.
  • Industrial Exposure: Pursuing business studies at a prestigious Indian institution provides extensive interaction with industry specialists. The faculty members at premier Indian business schools comprise experienced practitioners who assist you in acquiring a practical grasp of the Indian market.

Suggested: GMAT Syllabus & Exam Pattern

Frequently Asked Questions

Do Indian MBA colleges accept the GMAT?

<p>The majority of established business schools in India accept GMAT Focus results for their MBA curriculum. Nonetheless, verifying details on the university website prior to submission is always advisable.</p>

Is it better to take the CAT or the GMAT exam for Indian universities?

<p>Most premier business schools in India recognize both the CAT and the GMAT examinations as valid entrance tests for their MBA programs. While the CAT targets domestic MBA aspirants, the GMAT appeals to a wider international audience. Even so, most leading Indian colleges accept both exams.</p>

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Top 20 Indian Business Schools Accepting GMAT Scores in 2026