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GMAT Exam 2024: Exam Pattern, Top Colleges, Fees & Average Package

Oct 14, 2024 | 4 minutes |
Vanshika Jain

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WHAT IS GMAT? The GMAT (Graduate Management Admission Test) is a standardized exam for MBA and other graduate management program admissions. It tests analytical writing, quantitative, verbal, and integrated reasoning skills. The exam helps business schools assess applicants' readiness for advanced business studies and their potential for success. This test is designed to be flexible. The candidate can only view one question at a time on the screen. The next question on the screen will be more challenging than the previous one if he answers it properly; if he answers it incorrectly, the next question will be slightly simpler or on par with the previous one. Your score improves the more difficult questions you successfully answer. The exam weight is not the only factor; one's general profile, academic accomplishments, and accolades are also taken into consideration. 

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GMAT EXAM 2024: EXAM PATTERN

SECTIONS QUESTIONS TIME
Quantitative Aptitude 21 45 minutes
Verbal Ability 23 45 minutes
Data Insights 20 45 minutes

COLLEGES ACCEPTING GMAT SCORE FOR THEIR PROGRAMME

  1. INDIAN SCHOOL OF BUSINESS
ISB’s Post Graduate Programme in Management (PGPM) is a 12-month full-time course designed to offer comprehensive management education. The total program fee is ₹41,78,000 (plus applicable taxes). Graduates of this program have an impressive average placement package of ₹34.21 lakh per annum, reflecting its strong industry relevance and career outcomes. NEW ADDITION(From 2025 onwards) The ISB’s newly launched Postgraduate Programme in Management (PGPM) is a 20-month full-time course that provides an in-depth understanding of management principles. The program fees are approximately ₹30 lakh, offering aspiring business leaders a comprehensive learning experience. Also Read:
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  1. IIM AHMEDABAD
The Post Graduate Programme in Management for Executives (PGPX) at IIM Ahmedabad is a 12-month full-time program for experienced professionals seeking advanced management education. The total program fee is ₹33 lakh, and graduates from this prestigious course enjoy an impressive average placement package of ₹35.68 lakh per annum, highlighting the program's strong career prospects.
  1. IIM BANGALORE
The Executive Post Graduate Programme (EPGP) at IIM Bangalore is a 12-month full-time course designed for professionals aiming to enhance their leadership and management skills. The program fee is ₹33.96 lakh, and graduates benefit from an average placement package of ₹35.68 lakh per annum, reflecting the program’s strong industry reputation and career advancement opportunities.
  1. IIM CALCUTTA
The MBA for Executives (MBA-Ex) at IIM Calcutta is a 12-month full-time program designed for experienced professionals looking to advance their careers in management. The program fee is ₹31 lakh, and graduates typically secure an average placement package of ₹30.90 lakh per annum, showcasing the program's strong industry connections and career outcomes.
  1. XLRI Jamshedpur
The Post Graduate Diploma in General Management (PGDM) at XLRI Jamshedpur is a 15-month full-time program designed for professionals seeking to enhance their managerial expertise. With a program fee of ₹24.2 lakh, it offers strong career prospects, as evidenced by an average placement package of ₹29.8 lakh per annum. This course provides a well-rounded management education with excellent industry exposure.
  1. SPJIMR Mumbai
PROGRAMME NAME Post Graduate Programme in General Management (PGPM)
Programme duration 15 months full time
Fees 21.50 LPA
Avg package 23.88 LPA
  1. IIM Indore 
PROGRAMME NAME Executive Post Graduate Programme (EPGP)
Programme duration 12 months full time
Fees 22.1 LPA
Avg package 27.8 LPA
     8. MDI Gurgaon
PROGRAMME NAME Post Graduate Diploma in Management-Business Management (PGDM-BM)
Programme duration 18 months full time
Fees 16.7 LPA
Avg package 25.5 LPA
  1. IMT Ghaziabad
PROGRAMME NAME Post Graduate Diploma in Management(Executive)
Programme duration 18 months full time
Fees 19.53 LPA
Avg package 23.07 LPA
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