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"Outlook" Ranking of Indian B-Schools 2007

outloocover September 2007


Ranking School
7 SP Jain
11 IMT Gaziabad
12 IIM Khozikhode
13 IIFT Delhi
14 ICFAI Hyderabad
15 XIM B
17 IMI Delhi
20 Symbiosis CHRD
21 IFMR Chennai
23 IIFM Bhopal
24 BIMTECH Noida
25 MANAGE Hyderabad
26 IHMR Jaipur
27 BIM Trichy
28 INST of PUBLIC Ent Hyd
29 IIMM Pune
30 IISWBM Kolkatta
33 GIM
34 LBSIM Delhi
35 LIBA Chennai
36 SIES Navi Mumbai
37 IMT Nagpur
38 PSG Coimbatore
39 College of Agri Pantnagar
40 CHRIST Bangalore
42 NIILM Delhi
43 ITM Navi Mumbai
44 DMS Dhanbad
45 IFIM Bangalore
46 IMS Ghaziabad
47 SCMS Cochin
48 JAIPURIA Lucknow
49 ICFAI Mumbai
50 RAJAGIRI  Cochin

Note: Some Schools like ISB,Hyderabad are not included in this list as they offer one year management program

Getting into a Top MBA Program

Why a Top MBA?

Unlike graduates of medical schools and law schools, there is no licensing exam required to practice business in the United States. In addition, the quality of accredited schools offering MBA degrees varies tremendously. This is a degree you can obtain part-time in 4 years, in an executive program in 1 year, via correspondence courses, and from schools with near 100% acceptance rates.

As a result, the value of your MBA degree is directly related to the prestige of the university and business school which grants it. A recent study of the value of MBA programs concluded that “if you don’t get into a leading business school, the economic value of the degree is really quite limited.” The study examined consultants at McKinsey & Company and investment bankers at Goldman, Sachs & Co. and found that those without MBA’s performed as well, or better, than business school graduates. The fallacy of the study was that it did not recognize that it is much harder to get such a job without an MBA degree. Intellectual horsepower and potential – rather than business knowledge – is the primary criterion top consulting firms and investment banks look for. If someone possesses a Ph.D. in economics from MIT or a JD from Harvard – quite common at such firms – then that obviously serves as a more than adequate intellectual proxy for even a top two-year MBA.

The required curriculum at most business schools consists of courses such as finance, accounting, statistics, organizational behavior, strategy, economics, communications and technology. Schools may have a larger or smaller set of “core” courses, and many give these subjects different names. But overall, MBA programs have more similarities with one another than they do differences, and most of the same subjects are taught from the same textbooks, using many of the same cases.

Thus, the academic content of a business school education – much like a law school or medical school education – does not vary greatly between programs. But due to the tremendous variation in the standards of institutions conferring the degree, an MBA has the most value in the marketplace when it is from a school that is highly respected. In addition, the lifelong professional network which comes from going to business school is more valuable when it is from a school where graduates typically go on to the most successful careers.

Ranking the Rankings

There is no other academic degree which is ranked and analyzed by so many publications and organizations as the MBA. While the general public and the business world have intuitive ideas of which the most famous and prestigious programs are, many of these rankings have highlighted improvements in other programs and presented them as viable competitors. Nonetheless, the traditional top schools perform the best across the best-regarded rankings.

US News and BusinessWeek

US News & World Report and BusinessWeek are the most well-known and respected MBA rankings, and have each been published for more than 10 years. New rankings from the Financial Times, Forbes, the Economist and the Wall Street Journal have come out in the last few years. Each ranking has strengths and weaknesses.

US News is generally considered the best ranking for prospective MBA applicants, as their system is the most transparent, and their rankings always come closest to peoples’ common sense perception of relative prestige. This is no accident, since their ranking heavily favors “peer assessment”, which is essentially “prestige”, as one of their key factors. There are three schools which have been ranked #1 by US News in the past ten years – the Stanford Graduate School of Business, Harvard Business School, and the MIT Sloan School of Management.

BusinessWeek is considered the next most useful ranking for applicants, since they collect a great deal of data and weight their ranking toward student feedback. Yet, none of Harvard, Stanford or MIT has ever been ranked #1 by BusinessWeek. Instead, the only schools to achieve the top position in their ranking are the Wharton School of the University of Pennsylvania, and the Kellogg School of Management at Northwestern University.

Business School Highest Ranking in US News Highest Ranking in BusinessWeek
Harvard Business School



Stanford Graduate School of Business



MIT Sloan School of Management



Wharton School, University of Pennsylvania



Kellogg School of Management, Northwestern University



Outside of these five schools, no other school has ever been ranked #1 in either of these rankings. BusinessWeek displays some variation, but has generally had each of these schools in or near the top 5. In US News, they have consistently been the top five schools every year the ranking has been published.

Other Rankings

The newer rankings, The Financial Times, Forbes, and the Wall Street Journal, are essentially specialty rankings which weight specifically chosen criteria very heavily to produce different results. The end results have some similarities with US News and BusinessWeek, but also produce many curious outcomes for individual schools and are more useful for the data they collect than the rankings they produce. A summary of the methodology issues with these rankings:

Ranking Methodology Problems
Financial Times Focuses on self-reported salary data several years post-graduation Unreliable and incomplete data: self-reporting bias
Forbes Focuses on self-reported salary data several years post-graduation; focuses on ROI Unreliable and incomplete data: self-reporting bias; penalizes schools with high entering salaries (inversely correlates program quality and applicant salary)
Wall Street Journal Based entirely on recruiter satisfaction Recruiters who tend to be unsuccessful at attracting interest from students at top schools tend to give those schools poor marks (inversely correlates program quality and graduate choices)

These methodology problems produce some questionable results, such as the Wall Street Journal ranking Stanford outside of the top 40, Forbes ranking MIT Sloan outside the top 15, and the Financial Times ranking Yale and NYU ahead of Kellogg. As such, the top business schools don’t pay as much attention to these rankings. Stanford’s dean even commented, quite justifiably, that doing poorly in the Wall Street Journal ranking was probably a better indicator of the quality of a program than doing well!

The Top Programs

Harvard, Stanford, MIT Sloan, Kellogg and Wharton stand out consistently amongst their peers, and have historically been considered the most prestigious MBA programs. They are also considered the best programs today. Two other notable programs are the University of Chicago and Columbia Business School. In fact, the deans of Harvard, Kellogg, MIT Sloan, Stanford, Wharton, Columbia and Chicago, meet regularly to share benchmarking information, and generally consider each other to be peer schools.

The reason that Columbia and Chicago are generally considered just below the other five is because they carry somewhat less prestige, as reflected in a couple of key statistics. Columbia used to have a 46% acceptance rate as recently as 10 years ago, far higher than any other top school, admitting nearly half of all applicants. Meanwhile, Chicago consistently has a much higher acceptance rate than any other top school (above 25-30%) and through much of the last 10 years maintained a 50% yield – in other words, nearly half of the people offered admission to Chicago choose not to attend. Nonetheless, these two schools are considered among the most prestigious after the top 5, and are even ranked in the top 5 in some finance-heavy rankings. Siebel’s “Siebel Scholars” program recognizes the top MBA students in the United States by awarding $25000 scholarships to the top five students at each of Harvard, Stanford, Sloan, Wharton, Kellogg and Chicago.

After these seven schools, other well known and highly regarded programs include:

  • Tuck School of Business, Dartmouth College
  • Haas School of Business, University of California-Berkeley
  • Yale School of Management
  • NYU Stern School of Business
  • Ross School of Business, University of Michigan
  • Anderson School of Business, UCLA
  • Darden School of Business, University of Virginia

Collectively, there are about 15 schools in the United States with a claim to “top 10 status” in one area or another.

Additional Statistics

Top MBA programs by subject area – one of the best ways to think about the top five MBA programs is to consider that they are all excellent in nearly every discipline, but are #1 in different specific subject areas:

Business School US News #1 in 2006 for… BusinessWeek “top-rated” in 2005 for…
Harvard Business School – Management – Finance
– Management
– Entrepreneurship
Stanford Graduate School of Business – N/A – Management
– Entrepreneurship
MIT Sloan School of Management – Information Systems
– Production/Operations
– Supply Chain/Logistics
– Finance
– Management
– Marketing
– Entrepreneurship
Wharton School, University of Pennsylvania – Finance
– Accounting
– Finance
– Management
– Marketing
– Entrepreneurship
Kellogg School of Management, Northwestern University – Marketing – Management
– Marketing

Yield – that is, the % of students who accept offers of admission. While some less prestigious programs may have high yields because of a highly targeted audience, the top programs are certainly competing with one another for many of the same students. In other words, the typical explanation for someone turning down an offer of admission at one top business school is because they accepted the offer of a school they would rather attend. Since top candidates receive more offers of admission, their choice of program is a factor which can be used to gauge the quality of each program. The yields of the top schools (2004 figures) are:

School Name


Acceptance Rate










MIT Sloan



















Endowment – this is kind of like the market capitalization of a business school, in a somewhat silly way. If a school has many graduates who have gone on to become very wealthy, it should have a lot of money in its endowment fund. If the school is well-managed, that fund should grow and help it attract more successful students. These are the top 10 schools by endowment (BusinessWeek, 2001):

School Name

Endowment ($ millions)

Endowment per student ($ 000)






MIT Sloan



































The reason the per-capita endowment figures for schools like Chicago and Kellogg are so low is because they spread their resources amongst a large number of full-time and part-time students. Harvard, MIT, Stanford and Wharton do not have part-time programs.

Famous Alumni – so who goes on to fame and fortune with an MBA degree? Besides George W. Bush, the nation’s first MBA president (Harvard ’75), the most prominent MBA’s are CEO’s of the world’s largest companies. MBA Jungle analyzed the Fortune 200 to see where their CEO’s went to school. The list, once again, has the top schools well-represented, and shows Harvard’s strength historically:

School Name

# of Fortune 200 CEO’s





MIT Sloan












NYU Stern

















In the past 100 years, Harvard has been the most popular destination for those interested in an MBA. Of course, the MBA was a completely different animal just 20 years ago. Back then, most students went directly out of college, and the competition and prestige were nothing like it is today. It is worth noting that only 79 CEO’s in the Fortune 200 had MBA degrees at all – but the MBA accounted for more than two-thirds of all graduate degrees held by these CEO’s. Although Wharton only had 1 CEO in the Fortune 200, they have historically had more, and this particular ranking is always in a state of flux.

The rest of this document will focus on the top 5 programs, but the same principles apply to the admissions process at most top 10 or top 20 programs.

Keys to Admission

Your GMAT score, undergraduate GPA, and the number of years of work experience you possess are the primary quantitative indicators used by business school admissions committees. Here is how the top 5 schools stack up on those measures:

Business School

Median GMAT

Median GPA

Mean Work Experience (Years)





MIT Sloan
















As of this writing, this means that more than half of all students attending these schools scored in the top 5% of all GMAT test takers worldwide. It also means that somewhat less than half did not. The GMAT is the primary indicator of raw intellectual ability considered by admissions committees, since it is standardized, and offers an objective – albeit incomplete – measure of ability between students from different colleges and majors. If you are lower than your target school’s average on any of these measures, it should be compensated by all of the other areas. In other words, if you expect to get in to Wharton with only 2 years of full-time work experience, you should have a very high GMAT score and GPA amongst other things.

Retaking the GMAT – this is only useful if your highest score is below your target school’s median. Retaking the GMAT to get a 730 when you already have a 710 is reasonably meaningless and shows you to be focused on the wrong things. Of course, getting a 720 after previously scoring a 670 may greatly help your candidacy. While most schools say you can take the GMAT as many times as you want, you should never take the test without proper preparation, as the entire process can be quite arduous. Prepare by taking practice tests – particularly CAT simulations – and if you find that you are not scoring 700+ with regularity, you should consider taking a course to prepare.

Although admissions committees at top schools say that a low GMAT score won’t keep you out, those who get in with scores in the low 600’s are almost certainly exceptional cases. If you are the average candidate without any internationally impressive accomplishments, a low GMAT score almost guarantees you a dreaded “ding” letter. On the other hand, for the candidate who is average in all other respects, a 790 isn’t much different from a 740 from the school’s point of view. Most schools will admit two otherwise similar candidates with disparate but high GMAT scores based on characteristics other than the GMAT. As for the people who get in with scores from 650 to 700, admissions can be frustratingly random – even more so than for everyone else.

While the overall GMAT score is what will be counted most heavily, the quantitative score is more important for applicants with non-technical backgrounds while the verbal score is examined more closely for applicants from foreign countries and those with science or engineering degrees. Schools are merely looking for the assurance that a candidate will be able to both crunch numbers and communicate well. Assuming that the overall GMAT score is alright, only a seriously low score on the section that will be examined most closely for a given candidate would be a liability. For example, if you are a native english speaker and have good grades from an Ivy League college in Literature, they probably won’t be too concerned about a low score on the verbal section, and just consider it an aberration. However, a low score on the quantitative section – regardless of how strong your combined GMAT score is – could be a major liability. The AWA score is not important for most applicants, and is not factored into the overall GMAT score anyway. In some cases, the actual text of the AWA section might be compared to an applicant’s essays if the schools are skeptical about either’s authenticity.

How the GPA is evaluated – top business schools are not as focused on undergraduate grades as other professional programs. If you have a 99th percentile LSAT score, and a 4.0 GPA in Political Science from Princeton, you will almost definitely get into Yale Law School. If you score 9.2 on the MCAT and graduate with a 3.4 in music, you will almost definitely not get into Johns Hopkins Medical School. On the other hand, if you graduate first in your class in finance at NYU, get a 780 on the GMAT, and work at Boston Consulting Group for three years, the admissions committee at Stanford Business School could decide they’ve already let in enough people like you, and the spot could go to someone with a 3.2 GPA in English who worked in a NGO in Africa. The bottom line is that if you are still in school, you should try to get the very best grades you can, but afterwards you just have to live with them. If you did poorly in undergraduate, good graduate degree grades help offset the impression that you’re incapable of getting good grades, but they don’t undo the damage your GPA does to the school’s average. Thus, letting you in becomes a very context and timing-driven judgment call.

Essays – there are typically two to seven essay questions in each application, with between 2000 and 3000 words required in total. While the first application will take you the longest, and you can cut-and-paste many paragraphs into subsequent essays, overall the differing nature of school’s questions will require you to spend many days on each package to create a satisfactory product. The essays are your primary opportunity to convince the school to let you in. They will evaluate you on two dimensions: what you will bring to the school as an MBA student, and what you will bring to the school as an alumnus. The second criterion is obviously the most important. Schools are trying to select the applicants they believe will be the most successful in their careers based on their backgrounds and accomplishments to date. Put another way, the 10-20% of applicants who get into a top business school are the ones who least needed the top MBA degree to succeed in their careers. Ironic, but true.

Of course, most of the applicants to top schools are reasonably successful in their careers already, so your essays need to distinguish you from others in your peer group. Your peer group – those applicants who are most like you – is who you are competing against primarily. For example, any top school could fill up their entire class with analysts from consulting firms with high GMAT scores and GPA’s. But they won’t. Instead, they will have a certain number of spots for such applicants, and someone who was a sculptor would not be competing for one of those spaces. This makes some peer groups more competitive than others in any given year. Most schools will say that every candidate competes against every other candidate, and from a certain point of view this is true. Someone could be a consultant, and even though they have already let in more consultants than they would like, he could bring something so special to the class from other experiences that they decide to let him in too. But in such a situation, the candidate likely won’t get in on strong numbers alone.

Your essays also give the school a sense of your personality. They want to see how you work your argument and the reasons they should admit you into your writing – while still answering their questions directly. They want you to be able to list and explain your accomplishments without being boastful or off-topic. These are, of course, the same skills you will need to be successful in your career after graduation.

Many people have taken to using admissions and essay consultants, and most schools will tell you that they discourage this. It is our opinion that the vast majority of successful candidates do not use paid essay editing services, and the majority of those who do use such services do not get in. This makes sense, of course – the people that need those services the most are the weakest candidates, and they’re on their own when it comes to a final interview. But beyond that, admissions consultants are invariably not the kind of people that a candidate to a top school wants advice from. Most did not ever attend a top business school themselves, and those few that did were essentially not successful enough to find reasonable jobs afterwards – and thus got into the essay editing business. We encourage you to get someone else to look at your essays and make suggestions, but pick someone who isn’t being paid on the basis of how much of your time they take, or how many changes they suggest you make. Perhaps there’s nothing wrong with your essays at all!

On the other hand, you should collect as much information and advice on the admissions process as you can, but always take it with a grain of salt. An unsuccessful applicant may not always be right about why they didn’t get in, but alumni of a given school can usually give you a pretty accurate picture of what it takes to get in. Written information sources are also essential, and this guide assumes that you’ve probably already picked up Richard Montauk’s excellent book, “How to Get Into The Top MBA Programs”. Although his advice is more generic – and thus applicable to any MBA program, but not customized for the truly best programs – you need to learn everything about the process. You should use that book with this guide to tune your application for top 5 schools.

Recommendations – these are most certainly the least important part of your application, but you shouldn’t discount them. They should reinforce what their rest of your package says, and provide the opinion of a real person who knows you very well and can answer the school’s questions directly and honestly. Every school will tell you this, and you should listen. The truth is that school’s know that many applicants write their own recommendations and just get their recommenders to sign and send them.

When to apply – the earlier the better, in general. Schools have either 2 or 3 application deadlines (rounds) and round 3 is almost always incredibly difficult to get in. This is just because statistically, there are very few spots left open by the third round. While some people believe that round 2 can be best for candidates without extremely strong backgrounds, it’s our belief that the first round is the best if you can get your application up to a desirable standard of quality in time.

The Interview – Harvard, Sloan, Stanford and Wharton all interview candidates by invitation only. This means that if you receive an interview – and at Harvard and Sloan, nearly all accepted candidates are required to interview – then this is your last and best opportunity to convince the admissions committee that you are someone they would like to have at their school. At Kellogg, all applicants are required to interview, so this changes the dynamic of the session significantly. Instead of the interview being an opportunity for you to address any weaknesses and convince them to let you in, it is merely another data point taken with the rest of your application. Put another way, a strong interview at Kellogg can’t get you in – but a weak interview can, and will, keep you out.


Attending one of the top business schools in the United States is really an amazing experience that we would recommend to anyone. Our classmates from business school are some of our closest friends, and the value of the network after graduation is immeasurable. We believe that you will be best served by attending the very best school you can get into, so never set your sights too low for reasons of expense, geography or other hassles.

Take a risk, and apply to some great programs – you won’t regret it.

Good luck!

Harvard Business School

Harvard University

Boston, Massachusetts



Harvard is obsessed with leadership, and they are looking for indications of leadership ability in each of their candidates. This can be in the form of managerial work experience, extracurricular activities, or initiative taken in other forms. What is more important than demonstrated leadership is to convince them that you have the capability for taking on great responsibility and taking charge of a situation in the future. Harvard is considered the #1 general management school by US News (and most of the world), so personal well-roundedness is key.


George W. Bush, President, United States of America

Louis Gerstner, former Chairman, IBM Corporation

Rajat Gupta, former Worldwide Managing Director, McKinsey & Company

Jeffrey Immelt, CEO, General Electric Company

Jeff Skilling, former CEO, Enron Corporation


Application Rounds: 3

Class Size: 910

Applicants: 8,893

Waitlist Size: NOT RELEASED

Waitlist Acceptance Rate: NOT RELEASED


Annual budget: $54,800

Guaranteed loans available for all students.


BusinessWeek Profile


Harvard MBA Admissions


Kellogg School of Management

Northwestern University

Evanston, Illinois



Kellogg believes that teamwork is what builds great organizations, and the ability to work with, and co-exist with others in the business school environment is their primary screening criterion. Kellogg is ranked as the #1 school for marketing, so communications ability and softer skills are more valued here – and expected – than at other top programs. As was mentioned earlier, the interview has a different nature at Kellogg than at other schools, and they want to see if you are the Kellogg “type”, and excited about their program specifically.


Michael Borman, President, Blue Martini Software

Leland Brendsel, CEO, Freddie Mac

John Hoeven, Governor, State of North Dakota

James Keyes, CEO, Johnson Controls

Locke Burt, Senator, State of Florida


Application Rounds: 3

Class Size: 625

Applicants: 6,039

Waitlist Size: NOT RELEASED

Waitlist Acceptance Rate: NOT RELEASED


Annual budget: $52,533

Guaranteed loans available for all students.


BusinessWeek Profile


Kellogg MBA Admissions


MIT Sloan School of Management

Massachusetts Institute of Technology

Cambridge, Massachusetts



Sloan wants to admit a class of innovators. What is most important is to convince the admissions committee that your career will involve having a great impact on your organization or industry, and that you have the creativity and courage to take it on great challenges. Sloan is ranked the #1 school for technology, operations management and quantitative analysis, so strong business analytical skills are expected, but communications ability is what distinguishes successful applicants.


Kofi Annan, Secretary-General, United Nations

Carly Fiorina, former CEO, Hewlett-Packard Corporation

William Clay Ford, CEO, Ford Motor Company

Benjamin Netanyahu, former Prime Minister, Israel

John Reed, Chairman, New York Stock Exchange


Application Rounds: 2

Class Size: 319

Applicants: 2,940

Waitlist Size: 208

Waitlist Acceptance Rate: 15%


Annual budget: $55,310

Guaranteed loans available for all students.


BusinessWeek Profile


Sloan MBA Admissions


Stanford Graduate School of Business

Stanford University

Stanford, California



With the highest average GMAT score in the world and the lowest acceptance rate, Stanford is the most difficult business school to gain admission into on the basis of numbers alone. That being said, they have a very diverse class mix and a balance curriculum that emphasizes both hard and soft skills. The key to admission is convincing the committee that you are bringing something unique to the class. While Stanford is not ranked #1 in any sub-specialty, it is strong in many areas.


Steve Ballmer, CEO, Microsoft Corporation (dropped out after 1 year)

John Donahoe, former Worldwide Managing Director, Bain & Company

Philip Knight, CEO, Nike Corporation

Scott McNealy, CEO, Sun Microsystems

Charles Schwab, Chairman, Charles Schwab Corporation


Application Rounds: 3

Class Size: 378

Applicants: 5,253

Waitlist Size: 243

Waitlist Acceptance Rate: 9%


Annual budget: $48,012

Guaranteed loans available for all students.


BusinessWeek Profile


Stanford MBA Admissions


Wharton School

University of Pennsylvania

Philadelphia, Pennsylvania



The Wharton School is ranked as the #1 school in finance and accounting, and their emphasis is definitely on business fundamentals. Although the class has the same number of years of work experience as at other top programs, the average age skews a little higher, and thus maturity is definitely valued by the admissions committee. The admissions committee at Wharton is looking for talented, hard-working individuals that have achieved a great deal but are not arrogant about it.


Reginald Jones, former CEO, General Electric Company

Shaun O’Malley, former Chairman, PriceWaterhouseCoopers, LLP

Louis Platt, former CEO, Hewlett-Packard Corporation

Donald Trump, CEO, Trump Organization

Gary Wilson, Chairman, Northwest Airlines


Application Rounds: 3

Class Size: 771

Applicants: 7,274

Waitlist Size: 371

Waitlist Acceptance Rate: 23%


Annual budget: $59,728

Guaranteed loans available for all students.


BusinessWeek Profile


Wharton MBA Admissions




Average MBA Starting Salaries

Ranking of MBA Programs – Based on Placement and Average Earnings

MBA – American Universities With Financial Help

Business School Essay Topics

Are Green-Horn Applicants Acceptable by Business Schools?

WSJ Rankings Comparison of Top Business Schools

Career Enhancement Potential’ Ranking of Business Schools-Financial Times

Top Business Schools – WSJ Ranking 2007

Recruiters’ Top MBA

Comments about The Best B-Schools of 2006

B-Schools Ranking – Placement within 3 months

All You Wanted to Know about Top MBA Programs – BW


Canadian MBA

MBA Rankings and Admission Criteria

(If you cannot see a table please hit the header)

Rank Business School Accepted Average
 Work Exp. Average
1 U. of Pennsylvania (Wharton) 14% 700 6 29
2 Northwestern (Kellogg) 18% 690 4 27
3 Stanford 8% 727 4 27
4 Harvard 13% 701 4 27
5 Columbia 12% 704 4 27
6 Duke (Fuqua) 19% 690 5 28
7 MIT (Sloan) 17% 703 5 28
8 Chicago 25% 684 5 28
9 Cornell (Johnson) 25% 673 5 29
10 Dartmouth (Tuck) 14% 692 5 28
11 Michigan 21% 677 5 29
12 NYU (Stern) 22% 686 5 27
13 UC — Berkeley (Haas) 14% 684 6 28
14 Virginia (Darden) 19% 676 4 27
15 Yale 17% 687 5 28
16 UCLA (Anderson) 15% 698 4 28
17 Carnegie Mellon 31% 660 5 28
18 UNC — Chapel Hill 22% 667 5 27
19 Texas — Austin (McCombs) 25% 687 5 29
20 Indiana (Kelley) 32% 646 5 28
21 USC (Marshall) 27% 670 5 28
22 Purdue (Krannert) 23% 644 5 28
23 Rochester (Simon) 30% 646 6 29
24 Georgetown (McDonough) 19% 657 5 28
25 Washington U. (Olin) 29% 661 5 28

Entrance tests used by Indian B – Schools

Indian B-Schools accepting CAT scores

CAT – The Common Admission Test to the six IIMs is also the entrance test for few other top B-Schools.

Indian Institute of Management Ahmedabad
Indian Institute of Management Bangalore
Indian Institute of Management Calcutta
Indian Institute of Management Lucknow
Indian Institute of Management, Indore
Indian Institute of Management, Kozhikode
Management Development Institute (MDI), Gurgaon
Mudra Institute of Communications (MICA), Ahmedabad
S P Jain Institute of Management & Research, Mumbai
National Institute of Industrial Engineering, Mumbai
Indian Institute of Social Welfare & Business Management, Calcutta.
International Management Institute (IMI), Delhi
K.J Somaiya School of management, Mumbai
Nirma Institute of Management, Ahmedabad
T.A. Pai Management Institute (TAPMI), Manipal
University Business School (UBS),Chandigarh
Prin. L. N. Welingkar Institute of Management Development & Research
Department of Management Studies, Goa University, Goa
Dept. of Commerce & Management, Andhra Univ, Vishakapatnam
Faculty of Management Studies (FMS), Banaras Hindu Univ, Varanasi
Indian Institute of Forest Management (IIFM), Bhopal
Indian School of Mines, Dhanbad
Institute For Financial Management and Research (IFMR), Chennai
Institute for Integrated Learning in Mgmt. (IILM), Delhi
Institute for Technology & Management (ITM), Navi Mumbai
Institute of Management Development & Research (IMDR), Pune
Jaipura Institute of Management, Lucknow
Kirloskar Institute of Advanced Management Studies (KIAMS), Harihar
Lal Bahadur Shastri Institute of Mgmt., Delhi
School of Management Studies, Cochin University, Cochin
Indian B-schools accepting XAT scores

XLRI is conducting Admission Test on All India level to select students for management education. Schools using XAT are:
Xavier Labour Relations Institute, Jamshedpur
Xavier Institute of Management, Bhubaneswar
Symbiosis Institute of Business Management
Goa Institute of Management
Alliance Business Academy, Bangalore
Graduate School of Business & Administration, Ghaziabad
Indira School of Management Studies, Pune
Institute for Technology & Management, Mumbai
Institute of Finance And International Management, Chennai
Kirloskar Institute of Advanced Management Studies, Harihar
Loyola Institute of Business Administration, Chennai
Xavier Institute of Management & Entrepreneurship, Bangalore
Xavier Institute of Social Service, Ranchi
Indian B-Schools accepting JMET scores

JMET is the first step in the process of admission to the two year full time Postgraduate Degree Programmes in Management offered by :

Shailesh Mehta School of Management, IIT Mumbai
Department of Management Studies, IIT Delhi
Vinod Gupta School of Management, IIT Kharagpur
Dept of Management, Madras University
Indian Institute of Science (IISc), Bangalore
Department of management studies, IIT Kanpur
Department of management studies, IIT Roorkee

Indian B-Schools accepting CET scores

Common Entrance Test (CET) is used by:
Jamanalal Bajaj Institute of Management Studies, Mumbai
Sydneham Institute of Management Studies and Research, Mumbai
K. J. Somaiya Institute of Management Studies and Research, Mumbai
Chetna’s R.K. Institute of Management Studies and Research, Mumbai
Dept of Management Sciences, Pune University (PUMBA), Pune
Indian Education Society’s Mgmt College & Research Centre, Mumbai
Indira Group of Institutes, Pune
JDC Bytco Institute of Management Studies and Research, Nasik
Mumbai Educational Trust’s Institute of Management, Mumbai
N L Dalmia Institute of Management Studies and Research, Thane
Rizvi Institute of Management Studies and Research, Mumbai
SIES College of Management Studies, Navi Mumbai
Sinhagad Institute of Management, Pune
Vivekanand Education Society’s Inst. of Mgmt Studies and Res., Mumbai

MBA Entrance Exam in India

Common Admission Test (CAT)
Joint Management Entrance Test (JMET)
AIMS Test For Management Admission (ATMA)
Gujarat Common Entrance Test (GCET)
XAT (XLRI Admission Test)
Combined Aptitude Test – Karnataka
The Karnataka MBA Common Entrance Test
All India Entrance Test For MBA- Maharashtra
All India Management Entrance Test (AIMET) Maharashtra
Common Entrance Test (CET) For MBA/MMS Admissions – Maharashtra
Symbiosis National Aptitude Test (SNAP) – Maharashtra
Management Aptitude Test (MAT) – New Delhi
OMAT – Orissa
MET/PAM-CAT For Admission To MBA – Punjab
National Entrance Test (NET) – Rajasthan
Consortium Of Self-Financing Professional, Arts & Science Colleges – Tamilnadu
Tamil Nadu Common Entrance Test (TANCET) – Tamilnadu.
U.P.Technical University State Entrance Examination (SEE) – Utter Pradesh
UPMCAT (U.P.Management & MCA Combined Admission Test) – Utter Pradesh
Uttranchal Joint Entrance Test UAJET – Uttranchal
Government Of West Bengal JEE For MBA (JEMAT) – West Bengal
National Institute of Management Calcutta (NIMC) – West Bengal

More on GPA

If you cannot see a table please hit the header.


India US US
Class/Division Percentage % Letters Grade Point Scale
Ist (Hons/Distinction) 80 – 100 A+ 4
Ist (Hons/Distinction) 75 – 79 A 3.75-3.95
Ist (Hons/Distinction) 70 – 74 A- 3.5 – 3.7
1st Division 65 – 69 B+ 3.25-3.45
1st Division 60 – 64 B/B- 3 – 3.2
2nd Division 55 – 59 C+ 2.5-2.9
2nd Division 50 – 54 C/C- 2 – 2.4
3rd Division 45 – 49 D+ 1.5-1.9
3rd Division 40 – 44 D/D- 1 – 1.4
Fail >40% F 0

These Links may also be of interest to you:

Low GPA Stories

About GPA and Class Position  

What Happens if my undergraduate GPA is low?

Grade Point Average and Admissions

Understanding GPA 

How to convert percentage marks to the GPA system? Part 1

Advice on GPA 

Indian B – Schools Specialization Rankings

(Hit the header if you are unable to see a table)

Rank Marketing Finance HRM Systems
8 FMS- Delhi FMS- Delhi FMS- Delhi JBIMS- Mum
9 JBIMS- Mum JBIMS- Mum JBIMS- Mum FMS- Delhi
10 SPJ-Mum SPJ-Mum IMT-Gazia IMT-Gazia
11 IMT-Gazia IMT-Gazia SPJ-Mum SPJ-Mum
12 MDI-Gur MDI-Gur MDI-Gur MDI-Gur
14 SIBM – Pune SIBM – Pune SCMHRD-Pune NITIE-Mum
15 NITIE -Mum NITIE -Mum XIM-Bhub SIBM – Pune

Engineering Schools Acceptance Rate and GRE Score

If full Data is not being dispalyed hit the header

Year 2006 Data.

Presented in ascending order of the ‘ acceptance rate’

California Institute of Technology
Overall acceptance rate: 9.8%
Average GRE verbal: 600
Average GRE quantitative: 790
Average GRE analytical: 760

Harvard University
Overall acceptance rate: 12.8%
Average GRE verbal: 540
Average GRE quantitative: 740
Average GRE analytical: 743

Dartmouth College (Thayer)
Overall acceptance rate: 14.5%
Average GRE verbal: 601
Average GRE quantitative: 778
Average GRE analytical: 695

Vanderbilt University
Overall acceptance rate: 15%
Average GRE verbal: 548
Average GRE quantitative: 757
Average GRE analytical: 726

Rice University (Brown)
Overall acceptance rate: 15.3%
Average GRE verbal: 532
Average GRE quantitative: 760
Average GRE analytical: 742

Yale University
Overall acceptance rate: 17.5
Average GRE verbal: 574
Average GRE quantitative: 778
Average GRE analytical: 774

Princeton University
Overall acceptance rate: 17.7%
Average GRE verbal: 586
Average GRE quantitative: 784
Average GRE analytical: 711

University of California–Berkeley
Overall acceptance rate: 18.4%
Average GRE verbal: 553
Average GRE quantitative: 771
Average GRE analytical: 729

University of Rochester
Overall acceptance rate: 19.6%
Average GRE verbal: 535
Average GRE quantitative: 767
Average GRE analytical: 715

Johns Hopkins University (Whiting)
Overall acceptance rate: 20.4%
Average GRE verbal: 547
Average GRE quantitative: 759
Average GRE analytical: 749
University of Virginia
Overall acceptance rate: 20.8%
Average GRE verbal: 538
Average GRE quantitative: 753
Average GRE analytical: 731

University of California–San Diego
Overall acceptance rate: 22%
Average GRE verbal: 521
Average GRE quantitative: 765
Average GRE analytical: 685

Massachusetts Institute of Technology
Overall acceptance rate: 22.2%
Average GRE verbal: 574
Average GRE quantitative: 779
Average GRE analytical: 751
Carnegie Mellon University
Overall acceptance rate: 22.3%
Average GRE verbal: 567
Average GRE quantitative: 775
Average GRE analytical: N/A
Iowa State University
Overall acceptance rate: 22.4%
Average GRE verbal: 506
Average GRE quantitative: 766
Average GRE analytical: 711
University of Wisconsin–Madison
Overall acceptance rate: 22.8%
Average GRE verbal: 559
Average GRE quantitative: 776
Average GRE analytical: 800
Lehigh University (Rossin)
Overall acceptance rate: 23.1%
Average GRE verbal: 472
Average GRE quantitative: 765
Average GRE analytical: 752

North Carolina State University
Overall acceptance rate: 23.2%
Average GRE verbal: 531
Average GRE quantitative: 756
Average GRE analytical: 670

Cornell University
Overall acceptance rate: 24.3%
Average GRE verbal: 576
Average GRE quantitative: 785
Average GRE analytical: N/A

University of Maryland–College Park
Overall acceptance rate: 24.5%
Average GRE verbal: 536
Average GRE quantitative: 758
Average GRE analytical: N/A

University of California–Santa Barbara
Overall acceptance rate: 24.9%
Average GRE verbal: 554
Average GRE quantitative: 776
Average GRE analytical: N/A

Washington University in St. Louis (Sever)
Overall acceptance rate: 25.5%
Average GRE verbal: 510
Average GRE quantitative: 760
Average GRE analytical: 580

Rutgers, the State University of New Jersey–New Brunswick
Overall acceptance rate: 25.6%
Average GRE verbal: 492
Average GRE quantitative: 730
Average GRE analytical: 677

University of Delaware
Overall acceptance rate: 25.6%
Average GRE verbal: 519
Average GRE quantitative: 745
Average GRE analytical: 720

University of California–Irvine
Overall acceptance rate: 25.7%
Average GRE verbal: 50
Average GRE quantitative: 75
Average GRE analytical: 68

Boston University
Overall acceptance rate: 26.6%
Average GRE verbal: 530
Average GRE quantitative: 763
Average GRE analytical: 674

University of Illinois–Urbana-Champaign
Overall acceptance rate: 27.3%
Average GRE verbal: 538
Average GRE quantitative: 772
Average GRE analytical: 741

Northwestern University (McCormick)
Overall acceptance rate: 27.6%
Average GRE verbal: 567
Average GRE quantitative: 770
Average GRE analytical: 609

Ohio State University
Overall acceptance rate: 27.8%
Average GRE verbal: 518
Average GRE quantitative: 758
Average GRE analytical: 684

Virginia Tech
Overall acceptance rate: 27.8%
Average GRE verbal: 551
Average GRE quantitative: 768
Average GRE analytical: 680

Case Western Reserve University
Overall acceptance rate: 28%
Average GRE verbal: 506
Average GRE quantitative: 766
Average GRE analytical: 678

Duke University
Overall acceptance rate: 28.9%
Average GRE verbal: 552
Average GRE quantitative: 764
Average GRE analytical: 702

Columbia University (Fu Foundation)
Overall acceptance rate: 29.4%
Average GRE verbal: 533
Average GRE quantitative: 773
Average GRE analytical: 729

University of Texas–Austin
Overall acceptance rate: 29.7%
Average GRE verbal: 547
Average GRE quantitative: 763
Average GRE analytical: 707

Purdue University–West Lafayette
Overall acceptance rate: 30.4%
Average GRE verbal: 524
Average GRE quantitative: 757
Average GRE analytical: 666

Stanford University
Overall acceptance rate: 31.2%
Average GRE verbal: 573
Average GRE quantitative: 781
Average GRE analytical: 737

University of Pennsylvania
Overall acceptance rate: 32.3%
Average GRE verbal: 541
Average GRE quantitative: 760
Average GRE analytical: 689

Rensselaer Polytechnic Institute
Overall acceptance rate: 33.3%
Average GRE verbal: 531
Average GRE quantitative: 755
Average GRE analytical: 699

University of Washington
Overall acceptance rate: 34.3%
Average GRE verbal: 539
Average GRE quantitative: 736
Average GRE analytical: 654

University of California–Davis
Overall acceptance rate: 34.3%
Average GRE verbal: 504
Average GRE quantitative: 749
Average GRE analytical: 691

University of Pittsburgh
Overall acceptance rate: 34.5%
Average GRE verbal: 488
Average GRE quantitative: 776
Average GRE analytical: N/A

Pennsylvania State University–University Park
Overall acceptance rate: 34.8%
Average GRE verbal: 512
Average GRE quantitative: 755
Average GRE analytical: 692

Georgia Institute of Technology
Overall acceptance rate: 34.9%
Average GRE verbal: 538
Average GRE quantitative: 763
Average GRE analytical: 692

University of California–Los Angeles
Overall acceptance rate: 35.8%
Average GRE verbal: 503
Average GRE quantitative: 764
Average GRE analytical: 725

University of Minnesota–Twin Cities
Overall acceptance rate: 36.3%
Average GRE verbal: 528
Average GRE quantitative: 771
Average GRE analytical: N/A

Texas A&M University–College Station
Overall acceptance rate: 37.9%
Average GRE verbal: 497
Average GRE quantitative: 751
Average GRE analytical: 674

University of Michigan–Ann Arbor
Overall acceptance rate: 40%
Average GRE verbal: 533
Average GRE quantitative: 772
Average GRE analytical: 738

University of Florida
Overall acceptance rate: 43.3%
Average GRE verbal: 519
Average GRE quantitative: 757
Average GRE analytical: 688

Arizona State University (Fulton)
Overall acceptance rate: 44.1%
Average GRE verbal: 519
Average GRE quantitative: 759
Average GRE analytical: N/A

University of Southern California
Overall acceptance rate: 48.8%
Average GRE verbal: 490
Average GRE quantitative: 754
Average GRE analytical: 681

University of Colorado–Boulder
Overall acceptance rate: 61.1%
Average GRE verbal: 552
Average GRE quantitative: 761
Average GRE analytical: 742

Other Related Articles in this blog 

Advice for Low GRE

GRE Subject Test

GRE Diagnostics

GRE Resources

Some Good GRE Preparation Sites

Is GRE Required? Is it worthwhile to go to a University not insisting on it?

The Year 2017

In it’s latest issue Forbes Magazine predicts the future of education and other important things affecting our lifestyle.
About education it’s staff reporter ” Maureen Farrell”  predicts 5 future trends in USA education
The Big Trend – the microsoft 
initiation into public schools will be a trensetter.
The Unconventional Wisdom – Top schools like( Ivies )- may also have to use innovative ways to get bright students.
The Misplaced Assumption – Testing–both in lower grades and the SATs–will become less relevant barometers of achievement.
The Watch List – Corporations will follow Microsoft example of investing in public education and gain business development
The Bold Prediction  – Teachers will be paid on merit.

B-Schools Ranking – Placement within 3 months

(Financial Times)

1. University of Minnesota: Carlson

2. Texas A & M University: Mays

3. Dartmouth College: Tuck

4. Purdue University: Krannert

5. University of Notre Dame: Mendoza

6. London Business School

7. City University: Cass

8. Rice University: Jones

9. Boston College: Carroll

10. University of Washington Business School

11. Brigham Young University: Marriott

12. Ohio State University: Fisher

13. Esade Business School

14. Lancaster University Management School

15. Imperial College London: Tanaka

16. Leeds University Business School

17. University of Chicago GSB

18. Northwestern University: Kellogg

19. Cornell University: Johnson

20. University of Maryland: Smith

21. Carnegie Mellon: Tepper

22. Pennsylvania State: Smeal

23. Arizona State University: Carey

24. University of Wisconsin-Madison

25. University of Toronto: Rotman

26. University College Dublin: Smurfit

27. IMD

28. Cranfield School of Management

29. University of Bath School of Management

30. Columbia Business School

31. Stanford University GSB

32. Harvard Business School

33. MIT: Sloan

34. UC Berkeley: Haas

35. University of Illinois at Urbana-Champaign

36. University of Iowa: Tippie

37. University of Texas at Austin: McCombs

38. University of Pittsburgh: Katz

39. Babson College: Olin

40. Georgia Institute of Technology

41. Warwick Business School

42. UCLA: Anderson

43. University of Virginia: Darden

44. Emory University: Goizueta

45. Michigan State University: Broad

46. Tulane University: Freeman

47. University of Western Ontario: Ivey

48. York University: Schulich

49. New York University: Stern

50. Yale School of Management

51. Boston University School of Management

52. University of Georgia: Terry

53. Nanyang Business School

54. University of Cape Town

55. Instituto de Empresa

56. University of Pennsylvania: Wharton

57. University of North Carolina: Kenan-Flagler

58. University of Rochester: Simon

59. University of California: Davis

60. Insead

61. Edinburgh University Management School

62. Nottingham University Business School

63. University of Southern California: Marshall

64. University of Oxford: Saïd

65. Duke University: Fuqua

66. Georgetown University: McDonough

67. University of Arizona: Eller

68. Indiana University: Kelley

69. George Washington University

70. University of South Carolina: Moore

71. University of Durham Business School

72. Vanderbilt University: Owen

73. Temple University: Fox

74. Washington University: Olin

75. HEC Paris

76. Manchester Business School

77. University of Michigan: Ross

78. Australian Graduate School of Management

79. University of California at Irvine: Merage

80. McGill University: Desautels Faculty of Management

81. College of William and Mary: Mason

82. University of Cambridge: Judge

83. Bradford School of Management/TiasNimbas Business School

84. Wake Forest University: Babcock

85. Case Western Reserve: Weatherhead

86. University of British Columbia: Sauder

87. University of Miami School of Business

88. Melbourne Business School

89. SMU: Cox

90. Birmingham Business School

91. Trinity College Dublin

92. Thunderbird: Garvin


Average MBA Starting Salaries

Ranking of MBA Programs – Based on Placement and Average Earnings

MBA – American Universities With Financial Help

Getting into a Top MBA Program

Business School Essay Topics

Are Green-Horn Applicants Acceptable by Business Schools?

WSJ Rankings Comparison of Top Business Schools

Career Enhancement Potential’ Ranking of Business Schools-Financial Times

Top Business Schools – WSJ Ranking 2007

Recruiters’ Top MBA

Comments about The Best B-Schools of 2006

All You Wanted to Know about Top MBA Programs – BW


Canadian MBA