Indian B-Schools now have been allowed to admit students on the basis of globally recognized Graduate Management Aptitude Test (GMAT).
Indian business schools are expanding their horizons and attracting students from overseas. Indian B-Schools now have been allowed to admit students on the basis of globally recognized graduate management aptitude test (GMAT). This will help these schools to attract more students from foreign countries. Around 4,000 overseas students are presently getting education across all disciplines of higher education in India every year, as per government data. But business schools want to increase the number of students to make classrooms more diverse. This will help to improve their global raking, presence and gain international accreditations.
The 13 Indian Institutes of Management (IIMs), the country's premier schools, decided to take some measures to attract more international students. The HRD ministry gave them formal permission to improve their brand image to international level.
Now the institutes will enroll students on the basis of GMAT score, which is recognized and accepted in more than 110 countries.
H.Chaturvedi, director of Birla Institute of Management and Technology said, "We all know the credibility of GMAT. Our schools' diversity index is poor, and this works as a stumbling block whenever we apply for international accreditation. This will now be taken care of."
The decision is part of the HRD ministry-controlled regulator All India Council for Technical Education's (AICTE) efforts to simplify the admission process for business schools.
Business schools used to conduct their own entrance test for students, to make admission process more transparent. This year AICTE announced to stop this practice and asked all B-Schools to select students on the basis of the common admission test (CAT) conducted by the IIMs, management aptitude test conducted by the All India Management Association, Xavier Aptitude Test conducted by XLRI, Jamshedpur; the joint management entrance test (JMET) conducted by the Indian Institutes of Technology (IITs); and a national test conducted by the AICTE.
The IITs scrapped JMET in August and decided to use CAT as their basis for admission to management courses. The Graduate Management Aptitude Council, which conducts GMAT, welcomed the step. "The government accepting us as one of the exams for admitting students in recognized business schools in India will help the sector get foreign students. This is a sweet crucial step in the direction of internationalizing management colleges," said Ashish Bhardwaj, the council's regional director for South Asia.