A Master of Business Administration (MBA) degree is something which is being sought by many youngsters nowadays. After all, an MBA degree brings lucrative job opportunities. And thus, students don’t hesitate to avail an education loan or a personal loan for education for studying in a good MBA college. But in order to get admission in a reputed institute in India, it is of utmost importance that the MBA entrance examination is cleared. There are various examinations which are gateways to any good MBA college in the country. Let’s have a look at them.
List of MBA entrance exams in India
Exam
Full form
CAT
Common Admission Test
XAT
Xavier Aptitude Test
MAT
Management Aptitude Test
NMAT
Narsee Monjee Aptitude Test
ATMA
AIMS Test for Management Admissions
CMAT
Common Management Admission Test
TS ICET
Telangana State Integrated Common Entrance Test
AP ICET
Andhra Pradesh Integrated Common Entrance Test
TANCET
Tamil Nadu Common Entrance Test
IBSAT
ICFAI Business Studies Aptitude Test
MAH CET
Maharashtra Common Entrance Exam
SNAP
Symbiosis National Aptitude Test
TISSNET
Tata Institute of Social Sciences National Entrance Test
IIFT
Indian Institute of Foreign Trade
Karnataka PGCET
Karnataka Post-Graduate Commin Entrance Test
KMAT Kerala
Kerala Management Aptitude Test
KMAT
Karnataka Management Aptitude Test
National-level MBA entrance exam name
Exam Name
Top institutes accepting exam scores
CAT
All IIMs, IITs, IMT, MDI, SPJIMR, IMI, TAPMI, FMS, and 500 others
XAT
XLRI, XIME, XIMB, IMT, GIM, Great Lakes, TAPMI, LIBA, FORE, and 140 others
MAT
Amity University Noida, Lovely Professional University, Amrita School of Business, Birla Institute of Management, Jaipuria Institute of Management, Christ University, etc.
NMAT
NMIMS, SPJIMR, ICFAI Business School, K J Somaiya, XIM, Asia Centre, etc.
BIMTECH, Great Lakes, VIT, K J Somaiya, GIM, and all institutes with AICTE approved MBA/PGDM programs
ATMA
Xavier Business School, ICFAI University, Master School of Management, SPIJMR, International Institute of Management Studies (IIMS), Dr. D Y Patil Global Business School and Research Centre, etc.
IBSAT
IBS Hyderabad and 8 other campuses of ICFAI Business School
How to get an education loan for an MBA college?
Follow these steps to apply for an education loan for an MBA college online:
Step 1: Visit the official website of your preferred lender and navigate to the ‘Education Loan’ section.
Step 2: Fill out the application form with your personal and educational details.
Step 3: Upload the required documents and click on ‘Submit.’
The lender will review your loan application and verify the documents to determine your eligibility. Once satisfied, the lender will approve and sanction the loan and disburse the loan amount directly to your bank account.
1. Common Admission Test (CAT)
Abbreviation for the Common Admission Test, this is the single most important examination that holds the key to admission into the top-ranked B schools and institutions in the country, including the prestigious Indian Institute of Management (IIMs). Conducted by the IIMs, CAT is an online examination with a time period of three hours. The subjects for CAT include verbal ability and reading comprehension, quantitative ability, and data interpretation and logical reasoning. Conducted generally in the months of November and December for a long time now, CAT is the sole examination wherein a good score can instantly make you secure admission in the most-reputed business schools in the country. Students from the general category require a minimum of 50 per cent marks in graduation, while this limit is a bit relaxed for those falling in the reserved category. An education loan which you can avail post your results will take care of all your financial needs when you get a seat in your favoured college. Once you clear your CAT and are awarded a seat in the college of your choice, an education loan can take care of your finances. There are various ways you can apply for a personal loan from education. You can read about it here
2. Xavier Aptitude Test (XAT)
XAT is an entrance examination conducted by the prestigious Xavier School of Management and is often considered as the second best-rated entrance examination after CAT. This is because business schools around the country regard XAT scores valuable right after CAT scores. Therefore, over time this has become another test which students aspire to qualify with good marks. The three subjects in which the examination is conducted are quantitative ability, English language and logical reasoning, and decision making. A bachelor’s degree in any discipline is required for appearing in XAT.
The pattern of this examination differs from that of CAT and XAT because, in GMAT, the difficulty level of each question changes based on the student’s capability. If a candidate can answer a question, only then the difficulty level of the next question will be increased. On the failure of answering the question correctly, the difficulty level of the next question can also be decreased in this exam. There is a total of four sections in GMAT. The subjects for GMAT are analytical writing assessment, integrated reasoning, quantitative aptitude and verbal reasoning. GMAT is also in the league of one of the most popular examinations for MBA admissions in India. A graduate degree from a reputed university is required to appear in GMAT. Clearing GMAT allows aspiring MBA students to apply to foreign university. If you are among those who aspire to study abroad, applying for an education loan to fund your studies can be helpful if you do not wish to dip into your savings. Read more about the personal loan eligibility on our website.
4. Common Management Admission Test (CMAT)
CMAT is yet another popular examination for MBA entrance attempted by many students. It is an exam that lasts 3 hours; wherein, there is a total of 100 multiple choice type questions divided into four sections. Each section carries 25 marks. The subjects for CMAT are logical reasoning, language comprehension, data interpretation, general awareness and quantitative techniques. The exam is also open to final year students.
5. Management Aptitude Test (MAT)
Conducted by the All India Management Association (AIMA), this is one of the most popular avenues to get an entrance into MBA colleges in the country. This test involves examination in language comprehension, mathematical skills, data analysis, intelligence and critical reasoning, and Indian and global environment. Colleges prefer this examination. It is also one of the examinations where any graduate can apply irrespective of their percentage in their bachelor’s degree. This is one of the reasons why more people choose to opt for MAT.
While a good entrance examination score can make you eligible for admission in any of the reputable MBA colleges, you need adequate funds to confirm your place therein. But you need not worry as long lenders like Tata Capital offer personal loan for education. You can check Tata Capital’s flexible personal loan EMI options here.
These exams are just a stepping-stone that can open an array of options for you. Make sure you are funded properly so that you do not have to give up on your choice of college due to lack of funds. An education loan can be that solution.
1. Which is the top-most MBA entrance exam in India?
The Common Admission Test (CAT) is one of the top MBA entrance exams in India. It is conducted by the Indian Institutes of Management (IIMs) and is accepted by top business schools across the country.
2. Which exam is best for an MBA in India?
Some of the best MBA entrance exams in India are CAT, XAT, MAT, NMAT, SNAP, TISSNET, and IBSAT.
3. Should I take CAT or GMAT?
You should take a CAT exam if you’re targeting Indian business schools, particularly the IIMs and other top-tier B-schools in India. Whereas, GMAT is suitable if you wish to apply to international business schools.
4. How many colleges accept XAT exam score?
XAT exam scores are accepted by over 160 colleges in India for admission to their MBA programs.
5. Which exam is required for an MBA?
The exam required for an MBA depends on the institution you are applying to. Some common exams include CAT, XAT, MAT, CMAT, SMAP, etc.
30 August 2024
7 mins read
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