Indian exec mgmt students record highest average GMAT scores
Archana M Prasanna / Bangalore Dec 03, 2008, 00:20 IST
The one-year executive management programmes that Indian B-schools offer have emerged among the toughest in the world to gain admission in terms of average Graduate Management Admission Test (GMAT) scores.
The Indian Institute of Management Ahmedabad (IIM-A)'s Post Graduate Programme in Management for Executives (PGPX), for instance, has recorded an average GMAT score of 728 among successful applicants — the highest for any one-year management executive programme in the world (see table). IIM-A’s average GMAT score has shot up from 695.42 in 2006.
IIM-A was followed by the Indian School of Business (ISB) Hyderabad's one-year programme which recorded an average GMAT score of 714 for the 2008-09 batch, ranking it third in the world. In 2006-07, ISB's average GMAT score was 707, rising to 710 in 2007-08.
Unlike the two-year MBA programmes, executive management programmes have a minimum work experience criteria — five to seven years, though those who sign on usually have average work experience of eight to 10 years.
"We look for high GMAT scores, leadership qualities and quality of work experience while evaluating a candidate," said a spokesperson for ISB, which pioneered the one-year executive management programme concept in india.
HIGHER LEARNING
Average GMAT scores in 2008-09
IIM-A
728
Stanford*
725
ISB
714
Cornell University
708
INSEAD
703
NorthWestern University
700
Cambridge University
690
* Two-year post-graduate programme; the others are one-year courses
The one-year programme has been so popular in the country that the number of applications has been rising steadily. Last year, ISB received 3,000 applications for 440 seats. This year, the number of applications is expected to grow 40 per cent and the institute has decided to increase the number of seats to 550.
The executive programmes have also been a hit with recruiters in the last few years across campuses. Recruiters like McKinsey, Microsoft, GE, Shell, Booz Allen Hamilton, Anil Dhirubhai Ambani Group, ITC, RPG, Yes Bank, Infosys and Tech Mahindra have hired in big numbers among such graduates.
The response to the ISB and IIM-A programmes has encouraged other institutes, including IIM Bangalore, IIM Calcutta, IIM Lucknow, TA Pai Management Institute (TAPMI) in Manipal and Nirma Institute of Management (NIM). All of them are in various stages of launching one-year post graduate executive management programmes.
A good work done by the Journalist. Kudos to her findings. Lets hold our head high for our possession of IIMS and ISB. These Management colleges really stand taller than Wharton and Kellogs and other top grade B schools.
The article seems to have been written in haste. To the best of my knowledge IIMC, XLRI and SP Jain already offer a one year MBA program and the same news paper has in the past published reports of these one year programs.
This really has been a course that is tailor made to suit the current professionals to cope up with the changing trends and business models that have recently evolved.For sure this gives a cutting edge to the people who undergoes this course.
I take a huge pride for having got to undertake the same.
Regards
Further to my earlier post, can the journalists stop hyping the Indian b-schools? Please do adequate homework before publishing such articles. Also compare the alumni of global b-schools and Indian b-schools, also compare the incoming class profile, compare the global alumni chapters and many more things. Indians have tendency of hyping anything related to exams... no wonder personal traits and professional qualities are valued so less. Please dont fall into this trap as a journalist
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