The change in Cut-offs are applicable only to the Two-year Management Program (PGP) as well as the One-year full time MBA (Master of Business Administration) courses.
The main reason behind bringing up such sudden change is that the GMAT cut-offs of over 700 marks which is issued by the IIM's are too high for candidates to be even eligible for interviews.
The officials of IIM's said that the IIM's need to convert themselves to fit the Educational bill Globally. The trends of the past years have revealed that because of the high cut-offs being set by the IIM's, a huge number of promising candidates turn away from IIM's although they easily get admission to some of the best B-schools.
As an result, IIM's have lost in citizen-diversity, which is one of the major element used to rank the institutes across the world.
B-school like IIM Ahmedabad uses very high cut-offs which is about 760. According to the sources, some of the candidates selected in the past years had achieved GMAT scores in the range between 695 and 728.
Also, Indian School of Buisness (ISB) has no cut-off fixed for GMAT candidates for admissions into the One-year Management programme.
Moreover, GMAT (Graduate Management Aptitude Test) which is to be held for providing admissions in management institutes has revealed that it has seen a hike in the number of entries from Indian Women. With the quite increase in importance Women Education world wide, here goes the sample of its result. GMAT has seen a 60% rise in the number of Indian women who are interested in taking up Aptitude Test since 2007. As a result, the number has increased from 4863 to 7812 in 2012 when compared to 2007. Globally, its 43% Women who took up the exam in 2012 compared to 39% in 2008.
However, there was a drop in the year 2011, when GMAT Exam accepted around 5400 graduate business and management programmes world wide has now gained its importance in India gain. Yes, the sources revealed that In 2011 around 25,394 students took up GMAT exam which increased to 30,213 in 2012.