Most business schools now accept both the GMAT and the GRE, so which one should you take? I’ve written on the topic before but it’s been nearly a year and I’ve got some updates.
The conventional wisdom has been that the math is easier on the GRE. Though many schools do accept the GRE, rumors abound that students who take this test are at a bit of a disadvantage because they are expected to do better on the (easier) quant section. Anecdotally, we have heard a few admissions officers admit that they do think about this (strictly off the record, of course). Most admissions officers, though, have said this doesn’t matter to them at all, including several officers at the top 10 schools.
So we’ve come up with a series of decisions to help you make this choice. The first three questions are “deal-breakers”—that is, a certain answer will point you definitively to a specific test (the GMAT, as it happens). The fourth question is…murkier. We’ll address that in a little bit.
#1: Do all of “your” schools accept the GRE?
This one is obvious. All business schools (that ask for a standardized test score) accept the GMAT. Most—but not all—accept the GRE. If you want to apply to any schools that require the GMAT, such as London Business School MBA (at the time of this publication), then you’ll be taking the GMAT.
#2: Do any of “your” schools prefer the GMAT?
Most schools that accept both tests don’t express a preference between the two. Some schools, though, do say that the prefer the test. They publish this preference right on their web site, so go look up all of your schools and see what they say about the GMAT / GRE requirement for admissions.
As of the date of this article, Columbia, Haas (Berkeley) and Anderson (UCLA) all state that they prefer the GMAT, even though they do accept the GRE. If you want to apply to one of these schools, I recommend that you take the GMAT. (Note: these aren’t the only three schools that prefer the GMAT; I just picked out the three most well-known ones that do. You still need to research your schools!)
#3: Do you want to go into banking or management consulting after b-school?
The major banks and consulting firms ask for GMAT scores when you apply. (Some of them even ask for undergraduate GPA and SAT scores. I think that data is irrelevant after someone has a b-school GPA and GMAT scores but I’m not the one making the hiring decisions!)