Short Answer – The average GMAT score at ISB is 720 for the last entering class. If you score above 690, you have a fair shot and you will receive an encouraging response to your profile evaluation from the admission committee.
Long Answer – There is no such thing as a safe score, higher is always better. In our years of consulting experience, we have seen our clients with 640 getting selected into top schools and on the other hand, someone with a 770 getting rejected too. A good benchmark that we advise all our clients to beat is the average GMAT score of the last entering class as mentioned in the Class profile published every year. Scoring above the average gets you a fair shot;
“The higher your score, the better is it for your interview or admission chance.”
If you plan to apply with a score that is below the average, then you are starting a fight with one hand tied behind your back or, let’s say, you are starting a few yards behind your competitors. You can definitely catch up in other sections of the application by writing outstanding essays or performing really well in an interview later. But it is always nice to start ahead of the competitor. A higher GMAT score helps one gain a competitive advantage.
“What if you are from the over represented Indian or Asian Pool?”
The over-represented candidate pool of Indian or Chinese applicants usually goes through a rigorous preparation process for GMAT, with a lot of Indian applicants scoring quite high. Hence, the overall competition and the Average score for this diaspora goes up by a few notches. That is why we recommend candidates within the most over-represented profiles to shoot at least 20 points higher than the school’s class profile average.
The average salary at ISB for the last graduating class was INR 34,08,474. 100% of the class was placed with majority of class going into consulting (37%), Finance (12%) and technology (17%) oriented functional roles.
The Class of 2022 had an exceptional year on the Placements front in terms of diverse kind of roles and responsibilities that came across their way as well as the salaries offered. The students are sought after by the entire spectrum of corporates, including from the Government and semi-government space to unicorns, startups and new age firms.
The Tuition fees for ISB PGP is ₹ 24,57,000 and an additional ₹ 5,16,000 in living cost.
The PGP at ISB is a 52-week program which packs in all the learnings of a two-year program into a single year, significantly reducing the opportunity cost of your education.
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We strongly advise all our clients to have a proper excel sheet or a timetables mapped out.
Once you are done with GMAT the entire application process usually take 4-6 weeks
GMAT / GRE Score
If you are not sure about what score to target then look at the average score of the schools you want and shoot above the average.
Get your profile evaluated from a professional consultant and figure out what schools you can target based on your profile
3-4 weeks at least.
Start writing at least 1 month in advance of their 1st deadline. First application usually takes the longest.
School will notify you and give you roughly 1 week to schedule your interview. Ideally, start your prep ASAP and Do some mock interviews.
The eligibility criteria are:
1) Students must possess an undergraduate (Bachelor’s Degree)/post-graduate degree in any discipline.
2) A minimum of two years’ full-time work experience (for the PGP regular admissions) and less than 24 months of full-time work experience (for a deferred admission through the Early Entry Option) is preferred.
3) A valid GMAT/ GRE score.
4) TOEFL/IELTS score is required for students from countries other than India, where English is not the primary language of instruction
All short-listed applicants will be interviewed as a part of the selection process.
There is no cut-off score for the GMAT/GRE. However, the range of GMAT in the current class is 600 to 780 and the range of GRE is 311 to 335.
As a part of the admissions process, all shortlisted candidates will be interviewed. There is no group discussion.
There is no need for submitting a separate resume. The online application module will generate a resume in the required format with the details you have filled as part of the application. It includes your Academic details, Employment details (along with responsibilities/achievements) and awards & activities.
Financial Aid is provided to students in the form of tuition waivers, scholarships, and loans.
Tuition Waivers & Scholarships: ISB awards both merit and need-based tuition waivers to qualifying applicants ranging from INR 3,00,000 to full tuition. Details of these waivers will be indicated in the admission offer where applicable. The details of the waivers/ scholarships are available on our website. Please visit the link for scholarship details.
Loans: Student loans are available through a few leading financial institutions. Please check the website for details
ISB should receive your acceptance decision within 10 days from the date of the admission offer. For candidates who have been made an offer after being put on the waitlist, need to pay the admission fee by the date mentioned in the offer letter.