Indian Bschools Accepting GMAT Exam Score | Colleges through GMAT in India | MBA Guide

Summary

In this lively and informative video, the speaker discusses the various MBA programs available in India and abroad, focusing on the benefits and details of both one-year and two-year programs. They emphasize the importance of GMAT scores, with scores of 600+ being valid for top schools. The speaker compares the costs and placements of renowned institutions like ISB, IIMs, and Great Lakes, noting that the average salary packages post-graduation can be as high as 30-33 lakhs. Viewers are encouraged to share their work experience and engage in a lively discussion about the pros and cons of pursuing MBA education in India versus abroad.

Takeaways

• 😀 GMAT scores are accepted by both Indian and international B-schools for management programs.
• 😀 Indian B-schools like ISB and IIMs offer both one-year and two-year MBA programs with varying fee structures.
• 😀 One-year MBA programs generally offer higher ROI as they allow students to return to work sooner and start earning a high salary.
• 😀 One-year MBA programs at top schools such as ISB offer an average package of around ₹33 lakh, which is higher than the average for two-year programs.
• 😀 The average cost of one-year MBA programs in India, such as ISB, can be up to ₹40 lakh, but the returns are considered worth it.
• 😀 One-year programs may also have the advantage of an extra year of work experience, which adds value to the resume.
• 😀 Schools like IIM Ahmedabad, IIM Bangalore, and IIM Calcutta offer various management programs with a high level of placement success and salary outcomes.
• 😀 GMAT scores above 700 (or even 680) are considered competitive for top-tier business schools in India and abroad.
• 😀 The ideal work experience for applying to top business schools in India is around 5 years, though different schools have different criteria.
• 😀 Some business schools, such as Great Lakes and Masterson, are gaining popularity with their one-year MBA programs, offering a strong placement track record.

Q & A

What is the primary focus of the speaker in the video?

The speaker primarily focuses on GMAT-based MBA programs, their costs, benefits, and how work experience impacts admissions. He compares one-year and two-year MBA programs offered by top business schools in India and abroad.

What are the key benefits of one-year MBA programs according to the speaker?

One-year MBA programs offer a faster return on investment as they allow students to complete their degree in a shorter time. The speaker also highlights that work experience counts toward future career progression, and students can start earning sooner with an average salary of ₹29-33 lakh.

How does the speaker describe the cost of one-year MBA programs?

The speaker mentions that the cost of one-year MBA programs at prestigious schools can range from ₹25-40 lakh, depending on the institution. For instance, ISB’s fee is around ₹40 lakh, while other schools like Great Lakes have a slightly lower fee.

What GMAT score is considered competitive for top business schools?

A GMAT score of 600+ is considered good for applying to top business schools. Scores of 710-720 are considered highly competitive, and a score of 680+ is also acceptable for top schools such as ISB, IIMs, and international business schools.

How does work experience impact admissions to top MBA programs?

Work experience is a critical factor in admissions. Most top business schools, including ISB and IIMs, typically require 5 or more years of work experience for applicants. The speaker encourages candidates to share their work experience to help determine the best program for their profile.

What is the main advantage of pursuing a one-year MBA program over a two-year program?

The main advantage of a one-year MBA program is its shorter duration, allowing students to re-enter the workforce quickly. Additionally, the speaker highlights that one-year programs provide work experience that is valuable for career progression and may even add an extra year of experience to one's professional timeline.

What is the difference between studying in India and abroad for an MBA program, according to the speaker?

The speaker compares studying in India vs. abroad by pointing out that studying abroad offers global exposure, while studying in top Indian business schools like ISB or IIMs can lead to strong local placements with high average salaries. However, Indian schools may be more cost-effective, with lower tuition fees compared to international schools.

Which business schools are mentioned in the transcript as offering GMAT-based programs?

The business schools mentioned include ISB (Indian School of Business), IIMs (Indian Institutes of Management), Great Lakes, and other leading schools both in India and internationally.

How does the speaker feel about two-year MBA programs?

The speaker expresses a preference for two-year MBA programs, as they tend to have a more fast-paced environment and offer a more comprehensive experience. However, he also acknowledges the advantages of one-year programs, particularly for those looking to quickly re-enter the workforce.

What is the importance of GMAT scores in the context of Indian business schools?

GMAT scores are crucial for admission to top Indian business schools, including ISB and IIMs. A strong GMAT score opens doors to prestigious programs and scholarships, making it an essential part of the application process for candidates aiming for top-tier schools.