Before applying to business school, it’s important to determine which entry exam, GMAT (Graduate Management Admission Test) or the GRE (Graduate Record Examination), will be most suitable for you. The GMAT is the traditional test for students entering business school and the GRE serves as the entry exam for graduate school.
Although the GRE is mainly for students who choose disciplines outside of business, more business schools have decided to allow GRE scores to widen the talent pool of potential students.
There are several key factors that each potential business school student should know about.
The GRE costs $140 and the GMAT can be taken for $250. For those who have to take multiple retakes, the GMAT can become a bit expensive. There are no fee waivers for either test.
The GRE consists of a 75-minute analytical writing section, 45-minute quantiative reasoning section, and a 30-minute verbal reasoning section. The GMAT has a 75-minute quantitative ability section, two 30-minute analytical writing assessment sections and a 75-minute verbal section.
The GRE is a paper-based, computer adaptive test while the GMAT is only computer-based.
The GRE is scored in three sections: verbal score (200 to 800), math score (200-800), and analytical writing (0 to 6). The GMAT score ranges from 200 to 800 in 10-point increments.