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If you are planning to pursue an MBA program from a study abroad destination, then clearing the necessary entrance exams is the first step in your academic journey. The Common Admission Test (CAT) and Graduate Management Admission Test (GMAT) are the two most popular exams among MBA aspirants. So, let’s understand more about the CAT and GMAT differences, and other interesting details.
Key Highlights
GMAT is a widely accepted entrance exam for pursuing business management programs abroad, including an MBA. GMAT Focus Edition is the latest version of GMAT. Students can plan their GMAT exam date for 2024 as per their convenience and take the test either at the centre or online from the comfort of their homes. A few Indian colleges accept GMAT scores, too.
Also Read: Top Ireland MBA college
The GMAT exam fees are ~USD 275, i.e., ~INR 22,900 for the test centre and ~USD 300, i.e., ∼INR 25,000 for the online exam.
Sr. No. | Universities | QS Rankings 2024 | THE Rankings 2024 |
---|---|---|---|
1 | Stanford Graduate School of Business | 1 | 2 |
2 | Wharton School of the University of Pennsylvania | 2 | 12 |
3 | Harvard Business School | 3 | 3 |
4 | MIT Sloan School of Management | 6 | 1 |
5 | Columbia Business School | 7 | 14 |
6 | Cambridge Judge Business School | 9 | 5 |
7 | Kellogg School of Management (Northwestern University) | 12 | 13 |
8 | Haas School of Business (University of California, Berkeley) | 13 | 4 |
9 | The University of Chicago Booth School of Business | 14 | 7 |
10 | UCLA Anderson School of Management (University of California, Los Angeles) | 15 | 19 |
Also Read: Top B-schools and the best MBA courses in the USA
CAT is a popular management aptitude test conducted for admission to MBA programs in Indian colleges and a few international universities too. The scores are accepted for enrolling in management programs like Executive MBA (EMBA), Master in Management Studies (MMS), etc., in premier B-colleges in India and abroad.
Sr. No. | Colleges | National Institutional Ranking Framework (NIRF) Rankings 2023 (Subject: Management) |
---|---|---|
1 | Indian Institute of Management (IIM), Ahmedabad | 1 |
2 | IIM Bangalore | 2 |
3 | IIM Kozhikode | 3 |
4 | IIM Calcutta | 4 |
5 | Indian Institute of Technology (IIT), Delhi | 5 |
6 | IIM, Lucknow | 6 |
7 | National Institute of Industrial Engineering, Mumbai | 7 |
8 | IIM, Indore | 8 |
9 | XLRI-Xavier School of Management, Jamshedpur | 9 |
10 | IIT, Bombay | 10 |
The CAT exam registration fees are INR 2,400 (General category) and INR 1,200 (Reserved category like SC/ST).
Also Read: MBA in IT in the USA: An interesting guide
International colleges like SKEMA Business School in France and S P Jain School of Global Management (campuses in Singapore, Dubai and Sydney) accept CAT scores for management programs. However, international students need to meet other eligibility criteria as well to secure a spot at these prestigious colleges.
Basis | CAT | GMAT Focus Edition |
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Conducting body | ||
Accepted by | ||
Exam sections |
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Exam duration | ||
Test attempts in a year | ||
Score validity |
Global acceptance of the GMAT exam makes it a wise choice for pursuing an MBA degree abroad. On the other hand, CAT is accepted by most Indian universities. It is advised to consider your academic aspirations, university-specific requirements, career goals, and location preferences before making a well-informed decision.
Also Read: MBA in IT abroad: An informative guide
So, this is all about the CAT and GMAT exams. If you are facing financial challenges in planning your academic journey, education loans for students are available. At Avanse Financial Services, we offer hyper-personalised education loans with multiple benefits. Contact us today to know about these benefits, interest on education loan, etc.
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The rate of interest on your loan is calculated as: Interest Rate = Avanse Base Rate +
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Our current Base Rate is 14.25% (WEF 01.05.2023).
The Spread is floating and is based on analysis of overall credit and course profiling.
This rate is subject to the terms and conditions of Avanse Financial Services Ltd.