5 B-Schools that offer scholarships to NMAT by GMAC test takers

If you are a management aspirant then this would be pleasing news for you. NMIMS (NarseeMonjee Institute of Management Studies) Management Aptitude Test (NMAT) conducted by GMAC (Graduate Management Admission Council) would now be your gateway for not only getting admissions in the management program but also to avail scholarships for your studies.

Some of the renowned B-Schools of the country would be offering the scholarship to NMAT by GMAC test takers. A total of 9-B schools have come forward to offer such scholarship to the students.

NMAT is one popular management entrance exam of the country. The exam is conducted annually in online mode. The NMAT exam is conducted in a 75-day window whereby candidates are allowed to take the exam a maximum of three times (including one attempt and two retakes) and the best of their score is considered for the purpose of admission.

The NMAT exam is a three-phase process involving the computer-based java test, case discussion, and Personal Interview. The NMAT exam (CBT) tests candidates for their quantitative skills, language skills, and reasoning abilities.

The NMAT 2018 exam was conducted from October 4th, 2018 to December 17th, 2018. The result of NMAT 2018 is accepted to be announced in the month of January 2019.

If you are someone who has taken the NMAT 2018 exam or are planning to take the NMAT 2019 exam then this is important for you. So, sit back and read till the end to know about those B-Schools offering scholarships through NMAT.

Alliance School of Business

Alliance School of Business is a renowned management school in Karnataka. This B-school is a part of Alliance University that is known for offering UG and PG courses under various disciplines to candidates.

Scholarship through NMAT 2018 would be offered by Alliance School of Business in the following manner.

NMAT Score Scholarship offered Number of Scholarships
210+ 50% Top 10 students
180-209 35% Top 10 students
160-179 25% Top 20 students

Alliance Admissions Committee awards the NMAT scholarships from the following criteria:

  • Academic Performance
  • Nationalized Test Score (NMAT)
  • Candidate performance in the Alliance Admissions Selection Process

Athena School of Management

Located in the city of Mumbai this is one of the top B-school in the country. The Athena School of Management would also be offering scholarship based on the scores of NMAT.

The scholarship would be offered to candidates in the following manner:

  • The Athena NMAT Gold Scholarship – One Scholarship of Up to 50% of Fees for a student who has an NMAT Score of more than 200
  • The Athena NMAT Silver Scholarship – Three Scholarships of Up to 25% of Fees for a student who has an NMAT Score of more than 185
  • The Athena NMAT Bronze Scholarship – Scholarships of Up to 20% of Fees for any student who has an NMAT Score of more than 150

Bennett University

The University is run by 178 years old Bennett Coleman and Co. Ltd. and offers quality management courses to the candidates. Scholarships would be offered by Bennett University for NMAT 2018 qualifying candidates as per following criteria’s:

NMAT Percentile Scholarship offered (on tuition fees)
95+ 100%
90-95 50%
85-90 30%
80-85 20%
75-80 10%

Additional 5% scholarship is provide to candidates with work experience more than 2 years.

BSE Institute Ltd.

Located in New Delhi the BSE Institute Ltd. is a wholly owned subsidy of Bombay Stock Exchange (BSE). From 2018, the institute would be offering the scholarship to students based on their performance in NMAT exam.

The scholarship based on NMAT scores would be extended subject to fulfilment of following:

  • NMAT score 180 and above.
  • Aggregate graduation score 60% and above. B.E, B.Tech,BSC.IT, B.CA,  graduates will be provided preference for Masters in Financial Technology
  • All Applicants will have to appear for a Personal Interview round at BSE Institute.

20% tuition fee waiver would be offered as a part of NMAT based scholarship to the students.

ITM Business School

ITM Business School would be extending scholarship for admissions through NMAT 2018. Candidates would be offered a scholarship as per following scheme:

  • 20% scholarship on the academic fee at Institute of Technology & Managements University Raipur and ITM Vocational Vadodara for all the NMAT students who have scored more than 160 marks in NMAT and taken admissions with ITM
  • ITM also offers scholarships up to 100% on the first-year fee for the students who appear in ITM Scholarship round and are eligible. ITM offers scholarships of 1 Crore every year and NMAT students would be eligible for it


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