Getting admission to business school is a tough call, and why should it not be? After all, you learn the necessary corporate skills after getting admission to those schools. These B-schools are the pinnacle of management studies worldwide, and having an MBA degree on your CV is the symbol of expertise and knowledge.
In India, Common Admission Test (CAT) is the premier examination with which students get admission in top-tier colleges of India. The list is long for these colleges like all the 20 IIMs, MDI Gurgaon, FMS Delhi, ISB Hyderabad, S.P. Jain Mumbai, XLRI Jamshedpur, etc. Apart from IIMs, other colleges also value different MBA entrance examinations like CAT, MAT, XAT, SNAP, IRMA, GMAT, CMAT, etc.All the other exams are India-based except one, the GMAT. Conducted by Graduate Management Admission Council (GMAC), Graduate Management Admission Test holds an international reputation. Yes! It's true. GMAT scores are valid worldwide and accepted by more than 2000 colleges and universities all over the globe; even in India, a lot of colleges acknowledge GMAT scores.
But on what grounds does a candidate choose such an expensive exam? Stick to this article as we discuss some of the primary reasons someone chooses GMAT over CAT and the GMAT accepting colleges in India.
The first reason why someone considers participating in the GMAT rather than CAT is the examination frequency. On one hand, the CAT is conducted once a year, and on the other hand, the GMAT is conducted throughout the year. If you didn't get the college of your choice after clearing CAT, you have to wait for one full year to fight again in the examination. But you can give GMAT five times a year and 8 times in your lifetime. No such boundation is there with the CAT exam, and you can fight the CAT exam as many times as you want.
This is the primary reason behind GMAT's popularity, especially in India. After clearing CAT, you can indeed study with India's finest brains, but GMAT offers the crème de la crème of the world's knowledge. Global exposure, international connections are some of the perks of the GMAT exam.
Another compelling reason for choosing GMAT colleges is the high salaries. The numbers are high if you compare it with its counterpart. If you are a graduate from IIM, then your highest salary will be 40 to 55 lakhs in India and 70 lakh to 1 crore abroad, while if you are a GMAT qualified, then your salary starts from 50 to 70 lakhs in India and 1 to 2.5 crores abroad.
Another reason is the difficulty of the examination. Some applicants find the CAT a bit trickier as compared to any other MBA entrance exam in India. It is more demanding than the GMAT itself. The CAT focused more on the accuracy, while the GMAT focused more on questions solved. The negative marking part makes the CAT even more challenging, but there is no negative marking in the GMAT exam.Now Comes to the critical part; if you find CAT challenging to crack, then what are the colleges that accept GMAT scores?