We’ve talked about the GMAT on here before, but now here’s a new question to consider: Are you going to take the GMAT or GRE for business school? Traditionally, applicants have sent their GMAT scores, even though many programs have always accepted both. Now, nearly 7 out of 10 programs accept both—a much higher percentage over just three or four years ago.
A survey put out by Kaplan shows how this has evolved over time. In 2009, for example, just 24% of programs were fine with the GMAT or GRE for business school (this was the first year Kaplan began tracking the information). Now that number has clearly grown, and 69% of schools now accept either one.
Despite the change on the part of the programs, few applicants are taking advantage of the new option. When it comes to answering the question of the GMAT or GRE for business school, most are firmly siding with the GMAT. This could be for a number of reasons.
“One reason is that the gain in business school acceptance of the test is still relatively recent so there would understandably be a lag in its use. Another reason, however, is that while the majority of business schools…say scores from both tests are viewed equally, 29% say that applicants who submit a GMAT score have an advantage over applicants who submit a GRE score, according to Kaplan.”
Andrew Mitchell, the director of pre-business programs at Kaplan Test Prep, says, “As long as business schools signal the slightest advantage in taking the GMAT, it’s hard to see more applicants taking the GRE route.” However, some admission consultants encourage taking the GRE if the applicant has difficulties with the GMAT and there is an option between sending the GMAT or GRE for business school.
Also, it is likely that at least another 17% of schools will soon start accepting GMAT or GRE for business school in the next admissions cycle. Many business schools in Virginia accept either GMAT or GRE scores. What do you expect to take, and why?