If you are an MBA aspirant and have study abroad plans in your mind then we have got some good news for you. Now, you can apply for admission to MBA course in foreign universities on the back of your NMAT score.rnYes, your NMAT score can now book you a seat in MBA colleges apart from helping you to get admissions in B-schools in India. If you are a serious MBA aspirant then NMAT might surely be on your cards along with exams like GMAT.
NMAT (Narsee Monjee Institute of Management Studies Management Aptitude Test) is a national level entrance exam conducted by the Graduate Management Global Connection (India) Private Limited (GMGC). The NMAT exam is conducted annually in a 75-day window by GMAC to select candidates for admission in MBA program offered by Narsee Monjee Institute of Management Studies Management Aptitude Test (NMIMS).
With the acceptance of NMAT scores by in Universities/B-school of South Africa and Philippines the need to take GMAT for pursuing MBA abroad would reduce. Taking both
NMAT and GMAT in a year would help an aspirant to maximize his chance of securing an MBA seat in Universities/B-schools abroad.
As of now the scores from NMAT 2018 would be acceptable for admission in MBA program offered by around 10 Universities/B-school in South Africa and the Philippines. In coming times it is expected that more and more Universities/B-schools across the world would open there door to NMAT qualified candidates for MBA admissions.
NMAT: Highlights of Exam
MBA aspirants who are interested in taking the NMAT exam to pursue the course abroad must make sure that they are well aware of the exam process and major highlights. To help you out in this regards we have tabled the NMAT exam highlights table below:
rnExam
NMATrnConducting Authority - GMAC (Graduate Management Admission Council)rnOfficial website -
https://www.nmat.org.in/
Mode of the exam -Online
Nature of exam -Management Entrance Exam
Duration of Exam -Conducted over 75 Days window
Sections in exam -3
Total marks -120
Total Time Allotted -2 Hours (120 Minutes)
Marking Scheme -One mark is awarded for the correct answer: No negative marking
Abroad MBA colleges accepting NMAT score
As discussed earlier the NMAT scores from NMAT 2018 (that is the recently concluded NMAT) would be considered by MBA colleges abroad. Aspirants must take note of the MBA colleges abroad accepting NMAT scores for admissions so, that they can make registration cum application for admission timely.rnTo guide you out in this regards we have listed the Universities/B-schools accepting NMAT scores for admission country-wise. Have a look:
South Africa
rn1. Gordon Institute of Business Science: Pretoria Universityrn2. Wits Business Schoolrn3. Nelson Mandela University Schoolrn4. Rhodes Business Schoolrn5. Milpark Business SchoolrnSchool of Business and Governance: North West University
Philippines
1. Cesar E.A. Virata School of Businessrn2. Ateneo Graduate School of Businessrn3. Asian Institute of Managementrn4. University of the Philippinesrn5. De La Salle Universityrn6. College of Business Administration and Accountancyrn7. Florentino Cayco Memorial Schoolrn8. Graduate School of Business- Arellano University
Apart from colleges abroad, a good number of colleges in India (apart from NMIMS) accept the NMAT score for admissions.
Cost of pursuing MBA from South Africa
Having noted about the colleges accepting NMAT score for admissions in South Africa, it’s time for you aspirants to take a look at the cost of pursuing the course from South Africa.rnFor your reference we have tabled all the basic costs per head (in average terms) in INR associated with pursuing an MBA from South Africa:
rnHead
Cost of living (Includes Food, Accommodation, and Transportation) - INR 45,000 to 50,000
Admission Fee - INR 20 Lakhs to INR 22 LakhsrnVisa Fee - INR 6,800 to INR 7,700
Aspirants can apply for Scholarship floated by the South African government for foreign students or can take the benefit of scholarships floated by various universities, colleges, and organizations like:
Durham University ScholarshiprnHKADC Overseas Arts, Administration ScholarshiprnApart from scholarships candidates can also apply for education loans from banks in India.
Cost of pursuing MBA from the Philippines
For aspirants looking to apply for admission in MBA program offered by Universities/B-schools in the Philippines through NMAT knowing about the cost of pursuing course is important.
To get a reference in that regards take a look at the below-tabled information:
rnHead
Cost of living (Includes Food, Accommodation, and Transportation) - INR 80,000 to 85,000rnAdmission Fee - INR 22 Lakhs to INR 25 LakhsrnVisa Fee - INR 19,800 to INR 20,700
Similar to the case in South Africa aspirants can apply for Scholarship floated by the Philippines government for foreign students or can take the benefit of scholarships floated by various universities, colleges and organizations like:
1. Asia Foundation Development Fellows Scholarshiprn2. UNESCO Fellowshiprn3. Wells Mountain Foundationrn4. IOE scholarship (Country Specific)rn5. World Bank Scholarship for Developing Countries
Amongst the scholarship mentioned-above, some are offered through selection process say written exam or similar kind of evaluation while others are specified for certain categories of students. Hence before making an application for scholarship students are advised to visit the official websites and check the eligibility criteria.
Candidates must also note that to make an application for MBA in Universities/B-school of South Africa and Philippines (based on NMAT score) they would also have to qualify the International English level tests. Thus, candidates must apply for International English level tests like TOEFL, IELTS etc and secure the minimum qualifying score/band defined for graduates by the official authorities.