While the MBAs at the IIMs and the likes in India have the standards and quality as compared to any of the best in the World, for many studying abroad and more specifically MBA abroad is a preferred choice. MBA abroad in multi-cultural environment of a foreign Institute has advantages, even today, if an intensive academic learning with a rich ambience is desired. Renowned contemporary themes of pedagogy & curriculum, state-of-art modern infrastructure, unique specialisations offered are the other main reasons why Indian students will opt for MBA abroad in future too. With Globalisation, it reads of more and more Indians holding responsible management positions in MNCs and managing multi-national and multi- cultural workers in India are increasing. Insights to global business, as always, are important in a networked and transnational competitive markets. This is better facilitated with a MBA abroad
The Graduate Management Admission Test is conducted by GMAC USA and tests administered throughout the World including India. It is an aptitude based test standardized over years for admission to B-Schools in the US and Europe. Overseas Students for some Indian B-Schools must take GMAT for admission. Indian School of Business (ISB), Hyderabad considers GMAT scores as the sole admission test criteria for admissions.
The GMAT, over the years tests the students in Verbal, Ability for English, Grammar and Reading Comprehension, Quantitative ability, Data Suffifciency and Basic Mathematics, Critical Reasoning Ability and Analytical Writing Skills. It is supposed to have been development over long years of research and application to test the candidates aptitude for management education.
It is designed by CBT to test the candidate’s ability to take the MBA course through measurement of his/her aptitudinal skills. It does not test the knowledge of business, job skills or on any subject of management taught in B-Schools. The converted total score on all sections which ranges from a possible 200 to 800, is considered by the B-schools/ universities for admission. A score of 500-650 is considered adequate for most of the schools, whereas a 95 to 99 per cent (650 + to 760) is considered sufficient for even the avant-grade schools.
Indian students are known to perform better on GMAT, in comparison to their peers in China and others, as their quantitative abilities are more than adequate for what gets featured on the GMAT and the English language skills & knowledge is also above par. Nevertheless, structured learning and preparation is required for matching a score of 700-plus that could ensure a better chance in getting admitted to a MBA abroad, all other things being equal.
Recently many B-Schools like the Harvard, Dartmouth & Stanford have started accepting GRE scores for admission. Thus GRE can also be looped upon as an alternate entry test for a MBA abroad. With this alternative, a student can avoid taking two tests, the GRE & the GMAT. Also the GRE scores being valid for five years, student can take a Master’s course of his choice like in Engineering and then subsequently a MBA program without necessarily taking the GMAT.