GMAT

Hi,
Check Thompson Rivers University and Vancouver Island University or look for PGDM programmes from SPP colleges.

There are universities like Thompson Rivers and Vancouver Island University which do not require GMAT. You may check their websites for details.

You have to take entrance exams like CAT, CMAT, etc. to get admission in the top management colleges in India. Basically, GMAT is for getting admission in top foreign management colleges, but some of the top colleges in India do accept GMAT scores.

Hi Neeraj,
It may not have a direct impact but a good GMAT score indicates your ability and skills. So, the employers value a good GMAT score. A good GMAT score will also lead you to a good business school which will eventually open up avenues. Also, there are many companies which asks for a GMAT score like McKinsey which means they do evaluate a candidate's academic ability. Read this:
http://www.mba.com/india/the-gmat-exam/about-the-gmat-exam/employers-value-the-gmat.aspx

It's better to compete in exams and get admission. It will help you to get exposure of best exams and colleges. Work hard and get admission in best B-School, it's not much difficult to score in exams.
Good luck.

If you want to do MBA from good colleges, I advice you to give CAT instead of GMAT.
If you want top foreign colleges, you have to give GMAT otherwise CAT is the best exam to get admission in top MBA colleges.
Apart from CAT, there is some good colleges which have their own entrance exam like XAT, IIFT, SNAP, NMAT, etc.

Hi Sandeep,
You have to check www.mba.com for the list of the universities accepting GMAT.

Hey Deepak,
CAT exam is accepted in India by top MBA colleges in India whereas GMAT exam is for abroad for top MBA colleges.
So, you want to do MBA from top colleges in foreign country then go for GMAT.
If you want to do MBA from India then CAT is the best option.