For those who are applying to business school, with or without the anticipation of a joint-degree program, the question arises: should I take the GMAT or the GRE?
In all honesty, I think the answer is either, but it's not entirely black and white. First, not all business schools accept the GRE. You'll see a list at the end of this article that indicates, at least of this writing, which do and which do not. I've also put links to the school websites for further explanation. Things change all the time.
Why do schools even take the GRE? Because they are casting a wider net to get more interesting students, and because they realize that lots of students think about joint degree programs. Harvard Business School was one of the first schools to accept the GRE, because, as Dee Leopold said in 2009
HBS: Since many HBS applicants are also considering graduate programs besides the MBA, there is now no need for them to take the GMAT if they have already taken the GRE. We believe that the GMAT and the GRE meet our expectations of what a standardized test can tell us about a candidate's ability to thrive in our MBA Program.
The Rumor Mill
Face it, both tests are standardized, and both are computer adaptive. They are both annoying and require more studying than you want. Most, but not all schools are perfectly happy to take either. For example, this line is from Michigan Ross's application instructions:
ROSS:Your performance on either exam will be used as part of our assessment of your academic ability, and you are at no advantage or disadvantage by taking one exam instead of the other.
. But other schools, such as UCLA Anderson, strongly prefer the GMAT
ANDERSON: We strongly prefer the GMAT as a standard by which to evaluate all applicants, but we will accept GRE scores instead.
That means you have to check carefully and rely on what you read and hear from admissions officers, beyond what is on chat boards, and even blogs like mine. Caution, the next few lines are entirely hearsay! This could have been a quirk, a miscommunication, or a policy that has changed. For example, I had a student who took the GRE for Columbia, did well, but felt he wanted to take the GMAT to prove his quant mettle. He didn't do well because he had an off day, but because he HAD taken the test, Columbia took his GMAT instead of the GRE. What would have happened if he didn't report the GMAT? Who ever knows. (He is going to Yale SOM anyway, his first choice).
Your Quant Score
Most admissions officers admit that they want to see a balanced score on both verbal and quant. The general buzz is that around 80% on both is about right, but there's definitely some give on both sides. So don't fear if you get a 47 on the quant, which is turning out to be a 78% these days. As for the GRE, the population on the quant side is a bit less numbers oriented, so if you get an 80% in that pool, it's pretty well known that you are being measured against a different population, usually not as quant-oriented as GMAT test takers. So shoot for a higher percentage, say about 85% on quant.
If you are worried about how you look by taking one test vs. another, I say, don't worry unless they really make a point of it (like UCLA). All you need to do is get it over the net, and they pretty much tell you what a normal distribution looks like. Get within one standard deviation of the average, and you are fine.
Having said all that, if test taking is not your forte, you really should take a GRE or GMAT course. You don't know what you don't know about your own study habits. It's worth the investment.
MBA Programs that Take the GRE Too
|Columbia||YES||Columbia Business School|
|HBS||YES||Harvard Business School|
|Mich Ross||YES||University of Michigan Ross|
|MIT Sloan||YES||MIT Sloan|
|NYU Stern||YES||NYU Stern|
|Tepper||YES||Carnegie Mellon Tepper|
|UCLA||YES||UCLA Anderson (GMAT Preferred)|
|Yale||YES||Yale School of Management|
|Haas||NO||UC Berkeley Haas (Part-time YES)|
|LBS||NO||London Business School|