Are you looking for a guide on how to use your CMAT score to get admission to your dream B-school in India? If yes, then you have come to the right place. In this blog post, we will tell you everything you need to know about CMAT scores and business school admissions in India.
CMAT or Common Management Admission Test is a national-level entrance test conducted by the National Testing Agency (NTA) for admission to over 1000 AICTE-approved B-schools across the country. CMAT 2023 was held on May 4, 2023, and the result was declared on May 31, 2023.
But how do you use your CMAT score to get admission to your dream B-school? What are the factors that determine your chances of getting a seat in a top-ranked MBA college? How do you compare different B-schools based on their CMAT cut-offs, fees, placements, and rankings? In this blog post, we will answer these questions and help you make an informed decision about your MBA admission.
How is CMAT Score Calculated?
CMAT is a computer-based test that consists of four sections: Quantitative Techniques and Data Interpretation, Logical Reasoning, Language Comprehension, and General Awareness. Each section has 25 questions and carries 100 marks. The total duration of the test is three hours.
The CMAT score is calculated based on the following formula:
CMAT Score = (Number of correct answers x 4) – (Number of incorrect answers x 1)
The maximum possible score in CMAT is 400 and the minimum possible score is -100. The CMAT score is valid for one year.
How is CMAT Percentile Calculated?
CMAT percentile is a relative measure of your performance compared to other candidates who appeared for the test. It indicates the percentage of candidates who scored less than or equal to you on the test. For example, if your CMAT percentile is 90, it means that you scored better than or equal to 90% of the candidates who took the test.
The CMAT percentile is calculated based on the following formula:
CMAT Percentile = [(N – R)/N] x 100
Where,
N = Total number of candidates who appeared for the test
R = Rank of the candidate in the test
The CMAT percentile is also valid for one year.
How to Apply to B-schools Accepting CMAT Scores?
After getting your CMAT score and percentile, you can apply to various B-schools that accept CMAT scores for admission. You can check the list of B-schools accepting CMAT score on the official website of NTA or on various online portals such as MBAUniverse.com, Careers360.com, CollegeDekho.com, etc.
You can also use tools such as College Predictor or Rank Predictor to estimate your chances of getting admission to different B-schools based on your CMAT score and percentile.
To apply to B-schools accepting CMAT scores, you need to fill up their online application forms and pay the application fee. You may also need to submit documents such as academic transcripts, work experience certificates, recommendation letters, etc. depending on the requirements of each B-school.
How to Select B-schools Based on CMAT Score?
Selecting a B-school based on your CMAT score is not an easy task. You need to consider various factors such as:
- CMAT Cut-off: This is the minimum CMAT score or percentile required by a B-school for shortlisting candidates for further rounds of the admission process such as Group Discussion (GD), Personal Interview (PI), Written Ability Test (WAT), etc. The higher the cut-off, the more competitive the B-school is.
- Fees: This is the total amount of money that you need to pay for pursuing an MBA or PGDM program at a B-school. The fees may vary depending on factors such as the type of institution (government or private), location, facilities, etc. You need to compare the fees with your budget and return on investment (ROI).
- Placements: This is the outcome of your MBA or PGDM program in terms of getting a job offer from reputed companies with attractive salary packages. The placements may depend on factors such as quality of education, industry interface, alumni network, etc. You need to check the placement records and the average salary offered by different B-schools.
- Rankings: This is an indicator of the reputation and recognition of a B-school among various stakeholders such as students, employers, academicians, etc. The rankings may be based on various parameters such as academic excellence, research output, faculty quality, infrastructure, student diversity, etc. You need to check the rankings of different B-schools by credible agencies such as NIRF, Outlook, Business Today, etc.
Based on these factors, you can shortlist a few B-schools that match your CMAT score and preferences. You can also visit the websites of the B-schools or contact their admission offices for more information.
What are the Top B-schools Accepting CMAT Score?
There are many B-schools in India that accept CMAT scores for admission. Some of the top B-schools accepting CMAT scores are:
Taxila Business School (TBS), Jaipur: This is one of the best management institutes in Jaipur. It offers a two-year full-time PGDM+Business Analytics with triple specialization in Finance, Marketing, Operations, Human Resources, Business Consulting, etc., recognized by AICTE. The CMAT cut-off for TBS is around the 80 percentile. However, the fees for the program are Rs. 8 lakhs and the highest placement is 28.6 lakh and the average placement is Rs. 11.5 lakhs per annum.
Great Lakes Institute of Management (GLIM), Chennai: It offers a one-year full-time PGPM program and a two-year full-time PGDM program with specializations in Finance, Marketing, Operations, and Analytics. The CMAT cut-off for GLIM is around the 90 percentile. The fee for the PGPM program is Rs. 17.15 lakhs.
Goa Institute of Management (GIM), Goa: Offers a two-year full-time PGDM program with specializations in Finance, Marketing, Operations, Human Resource Management, Healthcare Management, and Big Data Analytics. The CMAT cut-off for GIM is around 85 percentile. The fee for the program is Rs. 18.31 lakhs.
S.P.Jain Institute of Management and Research (SPJIMR), Mumbai: Offers a two-year full-time PGDM program with specializations in Finance, Marketing, Operations and Information Management, Manufacturing, and Project Management, etc. The CMAT cut-off for SPJIMR is around the 80 percentile. The fee for the program is Rs. 17 lakhs.
Management Development Institute (MDI), Gurgaon: It offers a two-year full-time PGDM program with specializations in Finance, Marketing, Operations, Human Resource Management, etc., a two-year full-time PGDM-HRM program, and a one-year full-time Executive PGDM program (NMP). The CMAT cut-off for MDI is around the 80 percentile. The fees for the PGDM programs are Rs. 21 lakhs each and for the NMP program are Rs. 15 lakhs.
Symbiosis Institute of Business Management (SIBM), Pune: It offers a two-year full-time MBA program with specializations in Marketing, Finance, Operations, and Human Resource Management. The CMAT cut-off for SIBM is around the 80 percentile. The fee for the program is Rs. 20.5 lakhs.
Conclusion
CMAT score is an important criterion for getting admission to many B-schools in India. However, it is not the only criterion. You need to consider various other factors such as fees, placements, rankings, etc while selecting a B-school that suits your profile and aspirations.
We hope this blog post has given you some useful insights into CMAT scores and business school admissions in India.
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