MBA aspirants are invariably advised, “The best view comes after the toughest climb” because of the increasingly cut-throat competition they face. To enter senior-level leadership roles in consulting, business and management, it has become nothing less than indispensable to have an extra edge and the MBA degree provides that. With companies preferring candidates who have a sound understanding of business fundamentals and are capable of managing different aspects of the company, the competition for seats at top MBA colleges is only going to get tougher. In order to get into such elite B-schools, aspirants have to appear for one of the popular MBA entrance exams, a few of which are summarised in his blog.
MBA entrance exams are doorways to numerous Business Administration programs offered around the world. With an array of highly ranked institutes offering this program and even more students wishing admission for the same, the entrance exams have become tougher. The overall MBA admission process is wholly or, at least, partially based on scores of such examinations. The exams are structured to test a student’s problem solving, critical analysis and comprehension abilities amongst others and whether they will be a good fit for the program. Tabulated below are some of the renowned Masters of Business Administration exams in India and across the world:
|CAT||India||IIM, IIT, MDI Gurgaon, FMS Delhi, etc.|
|MAT||India||ISBM Pune, IPE Hyderabad, IBA Bangalore|
|XAT||India||Xavier Business School, XLRI, Loyola Institute of Business Administration, etc.|
|NMAT||India/International||Narsee Monjee Institute of Management Studies, VIT University, Chitkara University|
|GRE*||International||Harvard University, Stanford University, MIT, INSEAD, EDHEC Business School, etc.|
*GRE and GMAT exams considered as part of the complete MBA application of a candidate.
Note: CAT/XAT is increasingly being recognized by international institutes. Refer to our blogs on MBA colleges through CAT score to know more.
MBA Entrance Exams (Indian)
India is home to some of the leading MBA institutes with world-renowned faculty and a curriculum at par with that of top business schools abroad. One of the common prerequisites is that the candidates should hold a graduate degree with a minimum aggregate score of 50%. Additionally, the stages of admission after the entrance test generally involves group discussion and personal interview. Listed below are some of the MBA entrance exams conducted for securing admission into top Indian institutes:
- CAT (Common Admission Test)
Considered as one of the toughest MBA entrance exams, the CAT is a computer-based test that examines an individual’s reasoning, verbal ability, general knowledge, and mathematics. Apart from the 20 IIMs, CAT score is accepted by a multitude of business schools like MDI Gurgaon, FMS, IMI Delhi, etc.
- MAT (Management Aptitude Test)
Conducted by the All India Management Association (AIMA), the scores of the MAT exam are accepted by more than 600 B-Schools across the country. It features generally in the list of national-level MBA entrance exams and aims to test the candidates on the basis of quantitative and critical reasoning, English comprehension, data analysis & sufficiency and Indian & Global Environment.
- XAT (Xavier Admission Test)
Conducted by the XLRI Institute, this exam is considered as one of the oldest MBA entrance exams of the country. More than 70 universities accept the XAT score for admission to their different MBA programs. It has 99 questions assessing quantitative ability, verbal & logical ability, decision making, data interpretation, and general knowledge.
- NMAT (Narsee Monjee Management Aptitude Test)
The Mumbai based Narsee Monjee Institute of Management Studies conducts the NMAT every year to grant admission to its highly-rated MBA program. Offered by GMAC, the NMAT is one of the popular MBA entrance exams and comprises of 120 questions on logical reasoning, language, and quantitative abilities.
MBA Entrance Exams (Abroad)
The two main primary MBA entrance exams in order to study abroad at top universities include:
The Graduate Record Examination scores are usually accepted by a number of business schools in the world. It is amongst the commonly accepted MBA entrance exams and has three sections of verbal ability, quantitative ability, and analytical reasoning. A GRE score of 320+ can increase your chances to enter the top 20 colleges. Further, the eligibility criteria may vary from one university to another.
One of the most popular and attempted MBA entrance exams, the GMAT specifically tests the suitability with respect to management courses. A high GMAT score of around 700 is considered above par and significantly elevate chances of getting selected to top B-Schools of the world. However, scoring well in these papers alone is surely not enough to get admission abroad. The IELTS/TOEFL scores, statement of purpose, letters of recommendation and a host of other materials are also required.
Also Read: GRE vs GMAT
Hopefully, this blog has been a fruitful read for those preparing as well as wishing to move forward with an MBA. With the January 2020 intake nearing, it becomes more than important to start preparing for the MBA entrance exams and keeping all the relevant documents ready. If you need any guidance regarding the same then the experts at Leverage Edu will lend you a helping hand. From completing the admission-related formalities to helping you write an impeccable statement of purpose, the mentors will guide you at every step.