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GRE for MBA – Do Business Schools prefer GMAT?

The popularity and acceptance of GRE for MBA programs admissions have been increasing in the last few years. GRE has become the test of choice for a minor segment of Business School applicants. Although the list of Business Schools accepting GRE for MBA programs is increasing, the GMAT is still highly valued by all the top business schools as the test of choice in the admission process. Therefore, considering the popularity of the GMAT, should you take the GRE for admission to MBA programs or not?

gre for mba

Following are the highlights of this article:

Factors to consider before choosing GMAT or GRE for MBA programs?

gmat or gre for mba

 

  1. Type of graduate program you wish to attend – If you are unsure about the type of graduate program, it’s advisable to take the GRE. However, if you wish to boost your career through an MBA, you should take the GMAT.
  2. Relevance of Skills Tested on Each Test – GMAT and GRE have a different difficulty level. Many find the Quant section of the GMAT to be more difficult. The verbal section of GRE is vocabulary intensive as compared to the meaning and grammar intensive Verbal section of GMAT.
  3. Role in MBA Scholarships and Post-MBA Salary – For high GMAT Score you stand a high chance of getting an MBA Scholarship. However, there are no MBA scholarships available for GRE scores. Many companies especially in consulting and finance explicitly ask for the GMAT score for recruiting. Moreover, there is a high correlation between GMAT score and post-MBA Salary
  4. Your target Business School Policies – Does any of the business schools you wish to apply to prefer GMAT over GRE? If they do, then take the GMAT.

GMAT is much more popular when it comes to MBA admissions. Learn more on Why take the GMAT?

Admission committees on GMAT or GRE for MBA programs

According to the Kaplan Test Prep’s 2016 business school admissions officers survey, about 90% of the Business Schools in the USA and Europe will accept GRE for MBA programs. However, close to 26% of them clearly state that they prefer the GMAT over GRE.

gre for mba business school policies

Many top-tier Business Schools like Harvard Business School, Wharton School, and Stanford Graduate School of Business clearly state that they don’t prefer GMAT over GRE and vice versa. However, to compare MBA applications objectively, many of these business schools convert the GRE to the GMAT score.

73% of the Business Schools give GMAT and GRE an equal consideration. That being said, as majority test takers apply with a GMAT score, admission committees have to convert GRE to GMAT to objectively compare all applications. That’s one reason why ETS provides a GRE score comparison tool for Business Schools to interpret GRE scores in context of GMAT scores.

gre for mba gmat convetrter

Why business schools still prefer GMAT over GRE?

According to the Kaplan Test Prep’s 2016 business school admissions officers survey, 26% of Business Schools in the US and Europe prefer GMAT over GRE. It is because of 3 reasons.

gre for mba prefer gmat

  1.  Business School’s admission committee receives more applications with GMAT scores. Therefore, it is easier for them to compare those applications. They are familiar with the GMAT. The GRE may pose a challenge for them as they have to convert the GRE scores to GMAT scores to evaluate all applications objectively.

Do you know, your GMAT score has the highest weightage in your MBA application? Learn more about MBA application evaluation factors.

2. Business schools believe that submitting GRE for MBA programs does not show a strong intent of the applicant to join that business school. They assume that the applicant might be open to other graduate programs as well.

3. They believe that the Quant and Integrated Reasoning sections of the GMAT highlight those skills which will help the candidate to get through the rigorous MBA program.

Laura Wolter Nash, admissions counselor of Wharton’s MBA program in an answer on Quora stated, “I can’t speak for other business schools, but the GMAT is more business-calculus-focused than the GRE and therefore a better indicator for us on how a student might perform in our program.”

List of Business Schools accepting GRE for MBA programs

This is not an exhaustive list of business schools accepting GRE for MBA programs. Visit the ETS website for the complete list.

Business Schools in the USA accepting GRE scores

  1. Harvard Business School
  2. Stanford Graduate School of Business
  3. Wharton School
  4. Massachusetts Institute of Technology – Sloan
  5. Columbia Business School
  6. Cornell University – Johnson
  7. Northwestern University – Kellogg
  8. New York University – Stern
  9. University of Chicago – Booth
  10. University of California Berkeley – Haas
  11. Dartmouth College – Tuck
  12. Duke University – Fuqua
  13. Yale School of Management
  14. University of Michigan Ann Arbor – Ross
  15. Carnegie Mellon University – Tepper
  16. University of Virginia – Darden
  17. Georgetown University – McDonough
  18. Emory University – Goizueta
  19. University of Texas Austin – McCombs
  20. University of North Carolina Chapel Hill – Kenan Flagler
  21. University of Illinois Urbana Champaign
  22. Vanderbilt University – Owen
  23. Washington University in St. Louis – Olin

Business Schools in Canada that accept GRE scores

  1. University of Western Ontario – Ivey
  2. HEC Montreal
  3. University of British Columbia – Sauder
  4. York University – Schulich
  5. University of Toronto: Rotman

Business Schools in Europe that accept GRE scores

  1. London Business School
  2. University of Cambridge – Judge
  3. Oxford University – Said
  4. University of Manchester
  5. Cranfield University
  6. HEC Paris
  7. INSEAD
  8. IMD
  9. University of St. Gallen
  10. IESE Business School
  11. ESADE

GRE for MBA Programs – A Good Score

First take a look at the below explaining the types of GRE sections, number of questions, and the time limit of each section.

S.No  GRE Section Number of Questions
1 Analytical Writing Section Consists of 2 essays

Time Limit: 60 Minutes

  • Argument task – 30 Minutes
  • Issue Task – 30 Minutes
2 Quantitative Section Number of Questions: 40 (20 each in 2 sections)

Time Limit: 70 Minutes.

Consists of the following question types:

  • Problem solving
  • Quantitative comparison
  • Data interpretation
3 Verbal Section Number of questions: 40 Questions

Time Limit: 60 Minutes.

Includes the following Question types:

  • Text completion
  • Critical reading
  • Sentence equivalence

The GRE has three sections: Quant, Verbal, and Analytical Writing Ability. Quant and Verbal each have a score range of 130-170 in one-point increments, while scores for Analytical Writing Ability are from 0-6, in half-point increments.

Also learn about what is a good GMAT score?

gre for mba good gre score

Average GRE Scores for Business Schools

A good GRE score depends on the business school you wish to apply. You should aim for a score which is higher than the Average GRE score of its incoming batch. The below table will give you an idea of a good GRE score for admission to your target Business School. The data is for the year 2017 and has been taken from Poets&Quants.

 

Average GRE Scores for Business Schools

Business School Verbal Quant Total AWA
Yale SOM 165 164 329 4.7
Stanford GSB 165 164 329 4.9
Harvard Business School 164 164 328 NA
UCLA (Anderson) 164 164 328 4.5
UC-Berkeley (Haas) 164 161 325 5
Virginia (Darden) 162 161 323 5
NYU (Stern) 162 161 323 4.4
Cornell (Johnson) 161 161 322 4.5
Duke (Fuqua) 161 160 321 4.5
Carnegie Mellon (Tepper) 159 162 321 4
Rice (Jones) 160 161 321 4.4
Michigan (Ross) 160 160 320 4.5
Dartmouth (Tuck) 161 158 319 4.8
Texas (McCombs) 158 158 316 4.3
UNC (Kenan-Flagler) 159 157 316 4
Notre Dame (Mendoza) 158 157 315 4.4
Georgetown (McDonough) 157 157 314 4.3

 

Why should you not take the GRE for MBA programs?

  1. If you are clear about MBA as your target graduate program you wish to attend, it is better to take the GMAT
  2. If your target Business School explicitly states that they prefer GMAT over GRE or they do not accept GRE scores
  3. GMAT gives you an edge when it comes to MBA scholarships and post MBA jobs. Read more about the scope of GMAT in scholarships and post MBA jobs.

Takeaways

Around 90% of the Business schools accept the GRE score for the MBA application. Taking the GRE for MBA admission will only put you at a disadvantage if the Business School clearly states that it prefers GMAT over GRE.

But still, GMAT has its advantages over GRE when it comes to MBA admissions. GMAT is a better indicator of how students might perform in MBA programs than GRE. It is easier for MBA admission committees to objectively compare your application with others if you have submitted a GMAT score.

So, if you are clear about your plan to pursue an MBA degree, it is much better to take the GMAT.

For any strategic advice for GMAT or MBA Admissions, write to us at acethegmat@e-gmat.comTake a free trial and get unlimited access to concept files, live sessions, and practice questions.

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