The GMAT examination has always been one of the main deciding factors for admission evaluations in MBA programs throughout the world. There are numerous business schools which offer courses to students on the basis of their GMAT scores and helps ensure successful future.

Importance Of Universities for GMAT 

GMAT has a high possibility of predicting the performance of candidates in MBA programs. Students who attend MBA programs with greater GMAT scores are significantly more likely to earn higher compensation. Since GMAT appears to be one of the best predictors of outcomes in graduate school and beyond, MBA programs emphasize schools with students possessing higher than average GMAT scores. Graduate schools also offer scholarships for students who possess a good GMAT score.

List of Best Universities for GMAT

Stanford University

Stanford Graduate School of Business provides students with a two-year, full-time residential MBA program, concentrating on the academic facets of general business management.

Ranking: #4 (according to 2015 Financial Times ranking)

Scholarships: Some of the most common scholarships for Stanford MBA students are TOMODACHI-Uniqlo Fellowship, the Stanford Africa Fellowship, the Social Innovation Fellowship, and the Siebel Scholars Program.

Harvard University

Students can apply for a two-year MBA program at the Harvard University in the United States.

Ranking: #1 (according to 2015 Financial Times ranking)

Scholarships: Students can apply for the Junior Achievement Fellowship, the Robert S. Kaplan (MBA 1983) Life Sciences Fellowship, and the Horace W. Goldsmith Fellowship.

Kellogg School of Management Northwestern University

The Kellogg School of Management offers different MBA programs to candidates and there are six academic departments.

Ranking: #14 (according to 2015 Financial Times ranking)

Scholarships: Students at the university can apply for scholarships like David F. and Margaret T. Grohne Family Foundation Scholarship, the Forté Foundation Scholarship, the F.C. Austin Scholarship, and the Peter L. Frechette Scholarship.

Richard Ivey School of Business at the University of Western Ontario

This leading B school in Canada provides students with the chance to opt for the Honours Business Administration, the undergraduate program in Business Administration, a graduate MBA and a Doctoral program in Management.

Ranking: #89 (according to 2014 Financial Times ranking)

Scholarships: Students can apply for the Nelson M. Davis Scholarship and the Schulich Award in Entrepreneurship.

INSEAD

Among the best universities for GMAT in the whole of Europe, INSEAD, offers a one year full-time MBA course and students can specialize in Accounting, Decision Sciences, Entrepreneurship, Finance, Marketing, Organisational Behaviour, Strategy and Technology,or Operations Management.

Ranking: #5 (according to 2014 Financial Times ranking)

Scholarships: Students can look out for the INSEAD Alumni Association (IAA) Scholarship Fund, the INSEAD Andrew Hordern Endowed Scholarship – ’91D, the INSEAD Alumni Fund (IAF) Diversity Scholarships, the INSEAD Orange Endowed Scholarship(s) for Emerging Markets, and the INSEAD Sisley-Marc d’Ornano Scholarship, among others.

London Business School

The London Business School is the most renowned B School in the United Kingdom and offers full time MBA program based on GMAT scores of the students.

Ranking: #2 (according to 2015 Financial Times ranking)

Scholarships: Full-time MBA students at the university can apply for various scholarships like London Business School Fund Scholarships, Jeremy Asher Scholarship, and the Gallifrey Scholarship for Social Enterprise, and YPO Scholarship.

Hong Kong University of Science and Technology

The Hong Kong University of Science and Technology is one of the best universities for GMAT in Asia. The university develops responsible world business leaders and contributes to the social and economic transformation of the area.

Ranking: #14 (according to 2014 Financial Times ranking)

Scholarships: Students of the university can opt for the HKUST MBA Merit Scholarship, the Jebsen Scholarship, the QS Scholarships, and the Talentia Fellowship Program for Spanish Professionals.

US Business School – National University of Singapore

The MBA program at NUS focuses on the development of leadership traits through management communication.

Ranking: #22 (according to QS World University Rankings, 2014/2015)

Scholarships: Students at the university can apply for different scholarships such as the NUS MBA Local Scholarship, the NUS MBA ASEAN Scholarship, and the NUS MBA Diversity Scholarship.

Australian Graduate School of Management

The Australian Graduate School of Management in New South Wales, Australia, focuses on Management Education and Leadership Development. Students can pick courses in Accounting, Business Law, Economics, Finance, Information Systems, Marketing, Real Estate Studies, among others.

Ranking: #75 (according to 2015 Financial Times)

Scholarships: Full-time MBA students at the University can opt for scholarships like the AGSM MBA AGA Scholarship, the AGSM MBA Excellence Scholarship, Joseph Barling Fellowship, and Broadleaf Capital International.

Indian Institute of Management, Ahmedabad

IIM A, situated in the city of Ahmedabad, is the best business school in India and offers four programs in Management, including the PGP, the FPM, the FDP, and the MDP.

Ranking: #26 (according to 2015 Financial Times Global MBA Rankings)

Scholarships: IIM A has instituted a needs-based scholarship program for many students every year on the basis of their annual gross family income, ownership of assets, and number of dependents in the family. Apart from this, plenty of scholarships are offered to students from government and industry enterprises.

Students who apply to the top GMAT universities across the world ensure a successful career in the world of business and management.