GMAC - Interview with Sangeet Chowfla, President and CEO
Graduate Management Admission Council (GMAC) is well known for the Graduate Management Admission Test™ (GMAT™) exam. The test is widely used for admissions to more than 7,000 graduate programmes worldwide. In an interview with Careers360, Sangeet Chowfla, President and CEO, GMAC talks of the challenges during COVID and the impact on study abroad, new changes and more. Read the interview with Sangeet Chowfla, President and CEO, GMAC.
Careers360: What is the impact of COVID in education institutions?
Sangeet Chowfla: It has been a difficult time and most of the financial pressure for institutes was for the undergraduate programmes. The cost has gone up on account of online learning and revenue has been down. If we look at business education, applications and enrollment have grown globally because of the increase in people deciding to pursue higher education during the quarantine. Now that the schools have started to open up, the cost has increased significantly considering social distancing and such regulations in addition to mock classrooms etc. When we accumulated data from India, we saw a decline in domestic applications, unlike international applications which had a good response. If we consider test registrations for GMAT and NMAT, months like December were strong months where the volumes and the data showed recovery unlike May, which witnessed the least number of the registrations.
Careers360: Since at-home examinations have become a new norm, where do you see this dynamic of an assessment happening beyond the classroom?
Sangeet Chowfla: Due to this practice, students got two options to write the exam; at GMAT test centres or using online options. The whole pandemic situation, fortunately, has made the situation and the access better than the pre-COVID phase. However, some places like China which does not allow the online testing procedure, this has been a challenge. The majority of the world have seen a huge and better opportunity due to the “at-home procedures,” introduced after the COVID hit the world. The applications grew 20% to 30% for schools so their subjective holistic process is even more at risk. Yes, a very experienced professional can make a good decision without the test but can it happen on a larger scale? I do think that the online testing will continue to stay. Our goal is to continue with the online testing to give students the choice as it enables us to go to places where we could not with the restrictions of test centres.
Careers360: Many Indian students wanted to study abroad but it could not happen on account of the pandemic. How do you see the world tackling the pressure of a large number of Indian students wanting to study abroad? Do you actually see that happening in the future?
Sangeet Chowfla: There is no doubt that the 2021 admission cycle will be a highly competitive cycle because there is a pent-up demand for the enrolment to study abroad. On one side, there is pent up demand and on the other, there are deferments which have risen to about 300% in business schools. In fact some deferments have even been pushed to 2022.
One strong message I would want to give to Indian students is that if you are looking to study abroad, then start really early. There is a notion that students usually have to wait till round 3 or 4, go through multiple tests etc. and this will make them lag much behind in the race. If you are planning to appear for GMAT then you should really start right now. Due to the huge demand for the courses, various business schools in the US will probably try to increase their capacity which will also enable better students’ visas, facilities and friendlier practical training, etc.
Careers360: What is your advice to students who have postponed their aspirations of studying abroad?
Sangeet Chowfla: It is very unfortunate that their dreams and aspirations had to take a back seat due to the pandemic. My advice is that the business education opportunities seem to be coming back rather strongly. Schools have made some really good moves in terms of deploying technology, ensuring safety, mass testing etc. So, there’s some real innovation that is happening. Secondly, we must really try to accept the blended way of education that is going to happen; in fact, it is happening right now. A lot of innovations are going on towards using online facilities in a better way and this includes restructuring and re-skilling the faculty.
Careers360: What should an Indian B-school education system do to make the students a bit more global than what they are currently?
Sangeet Chowfla: Instead of having thousands of aspirations, it is all about building and not expecting that the best students will come just because of the power the name of the institution holds. Indian B-school institutions need to think more through a holistic point of view and make this an investment. They must invest such that students with good scores to enroll for the courses under them and not miss a chance to make their institutes global.
Questions related to NMAT by GMAC
I got 45% in 10th, 49% in 12th, 65% in graduaction, if i get 220 in NMAT and perform good in GDPI, would my seat be secured in NMIMS mumbai?
I hope you are doing good. I would like to tell you that nmat have sectional cutt off procedure too which means you should marks greater than cut off each section which is 75+ in each section . In overall cut off, your score is very good and you holds high chances of getting a call. For getting name in merit list , academics profile is also considered which is low in your case as your marks are not even 60percent in 10+2. I would suggest you to prepare very hard for gd and pi and rest leave on your destiny
Hope you found this answer helpful. Good luck for your future
If I fill nmat exam form and set 5 colleges preference after that do I need to fill application forms of those 5 colleges separately through their respective website and procedures? Also Do I need to pay their application fees also though mentioned that in nmat form five college preference are free.
NMAT Management Aptitude Test for Narsee Monjee Institute of Management Science that is taken and taken on behalf of Narsee Monjee Institute of Management science Mumbai. This is the entrance test by which the candidate get a chance for Narsee Monjee Institute of management science Mumbai affiliated colleges admission for MBA / PG diploma in management. There is a option in in mat application form to fill up choice of 5 choices of colleges for admission under Narsee Monjee Institute of Management Science Mumbai. Separate application is is to be filled upfor admission in the choice of colleges. Before writing NMAT.
I m really in baffled state, theres nowhere mentioned in msu, baroda s brochure about CMAT for bba admission. But one of your expert told me it is required with certain percentile. So can you pls give more information regarding CMAT, its preparations and subjects included?
CMAT stands for Common Management Admission Test and is conducted to get admission in various management programmes. It is purely done for admissions in master programmes and not for BBA. Whereas admission for bba in MSU, Baroda is done through an entrance followed by an interview both of which is conducted by the college itself . You need to apply for it online in their official website. The minimum eligibility criteria for the same is to have atleast 50% aggregate in your 12th.
I hope this helps.
Can I get NMIMS Hyd,Indore whose cutoff was 200? I scored 236 in NMAT,acads 87.4/92.4/69.1,but bad PI and decent WAT?
I want to know about the which colleges Consider NMAT By Gmac
The full form of NMAT is NMIMS management apritude test. It is conducted by GMAC. This exam is taken as an entrance exam for a lot of colleges in order to secure admission. A lot of B-Schools accept NMAT scores across various locations across Mumbai, Bangalore, Hyderabad etc.
In order to get admission into NMIMS Mumbai - MBA and MBA HR program candidates must appear for this exam. CAT scores are also considered lot of colleges that accept NMAT score but NMAT is just an added advantage.
- Exam Mode : Online mode
- Test centres in major cities
- Test window - a specific duration is given during which one must choose any available date for taking the exam.
- Score - revealed right after the end of the exam on the same day in the test center, displayed at end of paper.
- Percentile is given after the exam window closes i.e. after all the aspiring candidates have attempted the test.
- Maximum Number of attempts : 3
- Minimum gap between any 2 attempts = 15 days
- The best of the 3 scores is taken to calculated the final percentile score.
A wide range of B-Schools accept the NMAT score for admissions. The list is given below:
- SKVM's Narsee Monjee Institute of Management Studies
- K J Somaiya Institute of Management
- Indian School of Business (Advanced management program in Business Analytics)
- SDA Bocconni (Asia Centre)
- Xavier University
- ICFAI Business School
- SOIL Institute of Management
- Masters' Union School of Business
- Athena SChool of Management
- iMET Global
- Chitkara University
- IILM University
- Myra School of Business
- School of Petroleum Management, PDPU
- Jain University - CMS Business School
- IFMR Graduate school of business
- Alliance University
- Shiv Nadar University
- Bennett University
- Universal Business School
- Woxsen School of Business
- Thapar school of management
- ISBR Business School
- Amrut Mody School of Management, Ahmedabad University
- BSE Institute Limited
- Amity University
- SRM University Chennai, Delhi NCR Sonipat
- University of Petroleum & Energy Studies (UPES)
- BML Munjal University
- VIT University
- ITM Business School, Navi Mumbai
- Mody University
- Jindal Global Business school - Delhi/NCR
- Hyderabad Business School, GITAM University
- GITAM Deemed to be University, Visakhapatnam
- Ansal University, Gurgaon
- Lovely Professional University, Phagwara, Punjab
- IIHMR University, Jaipur, Rajasthan
- IFIM College
- Jagdish sheth school of management
- ISME - School of Management & Entrepreneurship