<p>Yeah, but that’s because the IIT’s and IIM’s have a completely different way of calculating “admit rates”. Basically, everybody who is interested in attending IIM has to take what is called the CAT (the Common Admissions Test). Every test-taker is considered an “applicant”. </p>
<p>That’s completely different from the US system in which the GMAT is not affiliated with any particular business school. Generally, you take the GMAT, and then from there, you decide which schools you want to apply to. For example, if you got a 500, you’re probably not going to apply to the top schools. Contrast that with the Indian system where the very act of taking the CAT means that you’re an applicant. You can’t just take the CAT, see your score, and then decide that you no longer want to apply to IIM anymore. The fact that you’ve taken the test means that you’re already considered an applicant. </p>
<p>If the US B-schools used this same procedure and counted every single person in the world who takes the GMAT as an “applicant”, even if they never actually submit a formal application, then you would surely see the “admit rates” plunge to infinitesimal numbers.</p>