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January 22, 2022

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The Indian Institutes of Management (IIM) and Indian Schools of Business (ISB) are two of the most reputed business schools in India. These institutes constantly find their place in the list of top business schools around the globe. Being the top choice amongst Indian MBA aspirants and getting admission to these b-schools is no cakewalk. So, how would you make it to these b-schools? What are the eligibility criteria for the same? Read on to find out. 

Eligibility Requirements for IIM

There are 20 IIMs and 2 ISBs in India that offer MBA and other programs related to management. These b-schools have set some parameters to decide your eligibility criteria for the courses they offer. 

To be eligible for a postgraduate degree from IIM, you need to hold a graduate degree in any field, from a recognized university, with at least 50% marks or the equivalent grade. You can send applications even if you are in the final year of graduation or waiting for the last year’s results as well. However, in such cases, you have to submit written proof to the director of your school or the principal. Besides, once you receive the admission letter, you need to submit the final graduation score report. Your application will be considered invalid if you fail to do so. Another important parameter is your entrance exam scores. Though IIMs mainly accept CAT scores for admissions, you can also submit your GMAT scores, if you wish to. Given below is a table that’ll give you an overview of possible GMAT Cut-Off for IIMs

Institute GMAT Cut-Off
IIM-Bangalore 710+
IIM-Ahmedabad 702+
IIM-Lucknow 710+
IIM-Calcutta 700+
IIM-Indore 700+

 

Apart from these, several other factors such as work experience, profile, etc., can also give a competitive edge to your application. 

ISB Admissions

Unlike IIM, ISB mainly considers GMAT and GRE as the qualifying test for their courses. However, now they have started accepting CAT scores as well for some of their programs. The eligibility criteria for ISB differs based on the course you choose. However, most require you to have a bachelor’s degree or its equivalent and a good GMAT or GRE scores as the primary criteria. Besides, most of the programs offered by ISB might require work experience as well. If you are planning to apply to ISB, this table below will help you understand the GMAT cutoff for ISB

Year GMAT Score Average for ISB
2016 700
2017 704
2018 707
2019 709
2020 710

The cut-off range for IIMs and ISBs is comparatively high owing to the competition and high-quality education that they offer. The majority of MBA schools don’t specify the GMAT cut-off scores needed for admission to their courses on their websites. However, the cut-offs of previous years can give you a rough idea of what to expect. 

Getting into IIM and ISB requires more than the above-mentioned factors. You have to prove you are capable of handling the course structure through your application and interview rounds. A good GMAT score, backed by a strong profile, MBA essay, and work experience, etc., can help you impress the admission committees. Good luck!

 

Mumbai is regarded as not only the financial capital of the country but also the epicentre of its cultural diversity. The city of dreams is renowned as much for its iconic landmarks and the headquarters of important National institutions as for its tolerance and inclusivity. 

Living in Mumbai is, in more ways than one, a true experience of the multiculturalism and unity in diversity that defines the sheet fabric of Indian civilisation. In addition to the city’s rich history and heritage, its current standing as one of the world’s largest financial hubs is what attracts people from different parts of the country, and across international boundaries, to make Mumbai their home. 

With the rapid rise in the population of the city over the past few decades as well as the influx of people from other cities of India, there has been a corresponding increase in the development of housing projects in Mumbai. If you are looking for a luxury residential project in Mumbai, then you shall find yourself having several options, depending on your preference of location, house-buying budget, etc. 

Whilst assessing the various luxury residential projects in Mumbai, you must be mindful of your requirements from a house. It is also pivotal to opt for a residential project developed by a reputed organisation. Piramal Aranya, Rani Baug, for instance, is an excellent new housing project in South Mumbai. Featuring 2, 3, and 4-BHK luxury apartments, this thoughtfully designed project has ample connectivity and state-of-the-art amenities. 

Some Reasons Why You Must Not Think Twice About Buying a House in Mumbai 

If you are on the fence about whether you should buy a house in Mumbai, then the following reasons may help shape your decision:

  1. You Get To Live In The Nation’s Financial Capital: One of the most important and also the most apparent reason for buying a house in Mumbai is the fact that you shall own a house in India’s financial capital, a city that has no dearth of exposure and opportunities for professional growth. 

Almost all the multinational companies operating in India have their headquarters, or offices, in Mumbai, which means that irrespective of which sector you are working in, the city can lend you wings to fly. 

  1. Infrastructure: Since Mumbai is one of the main centres of commerce and industry in India, the city has excellent infrastructure. From the world-renowned local train network to commercial complexes such as the Bandra Kurla Complex, the city has all the equipment necessary to sustain a modern lifestyle. 
  2. Ease of Connectivity: Mumbai is well connected to all parts of the country via road, railways, and airways. Every major city in the country has a direct train and/or flight to the cosmopolis. Furthermore, Mumbai has frequent flights available to different important cities across the global map. 

As far as connectivity within the city is concerned, there is a well-organised and fully functional railway network and road network. You can travel from one part of the city to another through a bus, taxi, or train. 

  1. An Asset For A Lifetime: Buying a house in Mumbai entails having an asset whose value will most likely appreciate over time. Not only does that enhance your financial stability but it also helps you increase your savings by virtue of not having to pay exorbitant rents that are characteristic of the city. In addition to this, having a home in Mumbai can also serve as the launchpad of your dreams and professional endeavours.

To Sum It Up 

The decision to purchase a house in Mumbai is a prudent decision from both personal and professional perspectives. There is arguably no better city in the country that has the infrastructure and opportunities to rival those presented by the financial capital of the nation. However, whilst selecting a house in Mumbai, you must ensure that it ticks off all the boxes on your checklist. 

References: 

Piramal Aranya: Book Online