17, Oct 2023
GMAT acceptance plays a key role in boosting Indian B-Schools in FT Rankings 2023

October 17, 2023 – The Graduate Management Admission Council™ (GMAC), a global association of leading graduate business schools is thrilled to announce the outstanding achievements of Indian business schools in the recently released Financial Times’ Master of Business Administration (MBA) and Masters in Management (MIM) rankings 2023. These prestigious rankings include 14 Indian institutions that accept the GMAT™ as part of their admissions process, reflecting the global recognition and credibility associated with the GMAT.

As Indian B-Schools persistently refine and bolster their programs, they continue to amplify their influence on the international management education scene. The rising adoption of the GMAT speaks volumes about their resolve to cultivate top-tier management talent capable of rivaling the global best.

Mr. Gaurav Srivastava, Regional Director, South Asia, GMAC said, “Indian B-Schools have embarked on a transformative journey, marking their footprint on the global education map. The increasing acceptance of GMAT scores underscores their unwavering dedication to imparting a world-class education and molding top-tier management professionals. This momentum is indicative of the relentless innovation and strategic investments undertaken by these institutions, a crucial factor in their ascending international stature. At GMAC, we are elated to have been a partner in this evolution and are confident that Indian B-Schools will soar even higher, aligning shoulder-to-shoulder with premier global institutions.

“We are incredibly proud that SPJIMR is ranked #1 in India and # 40 in the world FT rankings this year. Over the years, we have continued giving innovative and differentiated inputs to our students batch after batch, and it gives us immense pleasure to see them succeed and grow in different fields of life. SPJIMR’s focus on being value-based and socially conscious has given India and the world exceptional leaders” says Ms. Renuka Kamath Associate Dean – Full-Time Programmes, SPJIMR

According to GMAC’s study, a substantial 87% of alumni from business schools concur that their academic journey significantly bolstered their employability prospects. This finding underscores the undeniable value of a business school education in enhancing career opportunities and strengthening graduates’ competitiveness in the job market. These programs not only impart valuable knowledge but also empower individuals to navigate and excel in the ever-evolving landscape of the professional world.

“We are thrilled to share the news of IMT Ghaziabad’s debut inclusion in the Top 100 (#92) of the FT Global Masters in Management Ranking 2023. We were ranked #20 globally for our Alumni career progression as well as singled out for praise by the FT for our faculty gender diversity ratio of 1:1. To be recognized globally on both professional and progressive criteria is humbling and gratifying” says Dr. Vishal Talwar, Director IMT Ghaziabad

Indian B-Schools have seen significant improvements in their international rankings, reflecting their commitment to excellence and their growing global influence. With GMAT as a cornerstone of their admissions process, they will continue to produce leaders who are shaping the future of business.

GMAT Accepting B-Schools in MIM Rankings:

  • SP Jain Institute of Management & Research (SPJIMR)
  • Indian Institute of Management Ahmedabad (IIMA)
  • Indian Institute of Management Calcutta (IIMC)
  • Indian Institute of Management Lucknow (IIML)
  • Indian Institute of Management Kozhikode (IIMK)
  • NMIMS Mumbai
  • International Management Institute, New Delhi (IMI)
  • XLRI — Xavier School of Management
  • Indian Institute of Management Udaipur (IIMU)
  • Institute of Management Technology, Ghaziabad (IMT)

GMAT Accepting B-Schools in MBA Rankings:

  • Indian School of Business (ISB)
  • Indian Institute of Management Ahmedabad (IIMA)
  • Indian Institute of Management Bangalore (IIMB)
  • Indian Institute of Management Calcutta (IIMC)
  • Indian Institute of Management Indore (IIMI)
  • Indian Institute of Management Lucknow (IIML)

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