In 2005, the Stanford Graduate School of Business took a step that was unprecedented among top-ranked schools—it began to accept the GRE from applicants. And it hasn't regretted the change.
School officials say they made the decision because it seemed nonsensical to accept the GRE from candidates applying to their Ph.D. programs but not from their M.B.A. applicants. Officials also wanted to make the business school more accessible to students who wished to co-enroll in two graduate programs. Rather than being forced to take the GRE and GMAT to gain acceptance into separate programs, they can join bothe of them by going through one exam only.
In the years since Stanford's policy change was made, hundreds of M.B.A. programs have followed suit. According to Educational Testing Services, which administers the GRE, 334 business programs accept the GRE, up from 150 when ETS began tracking the data. Officials at ETS believe that the rapid acceleration over the last several years will continue because accepting the GRE allows schools to strengthen their applicant pools: Every year, more than 600,000 people take the GRE, while only about 270,000 take the GMAT
While the majority of business schools now accepting the GRE are smaller, less-renowned programs, several other top-ranked business schools have followed Stanford's lead. The Massachusetts Institute of Technology Sloan School of Management, Dartmouth College Tuck School of Business, and Duke University's Fuqua School of Business stand third, seventh, and 14th, respectively.
Now that so many schools are giving the applicants an option between the tests, it's important for business school candidates to know which exam is right for them. Graduate exams are not cheap, so cost is a factor as well. The GRE costs roughly $140, which is $110 cheaper than taking the GMAT. While that difference may seem negligible as a one-time payment, many students opt to take the tests multiple times. Given that the GRE is less expensive and allows students to apply to a broader range of graduate programs, some experts feel it's the test that makes the most sense for a broader number of students, especially those unsure if business school is right for them.
Courtesy usnews.com .
School officials say they made the decision because it seemed nonsensical to accept the GRE from candidates applying to their Ph.D. programs but not from their M.B.A. applicants. Officials also wanted to make the business school more accessible to students who wished to co-enroll in two graduate programs. Rather than being forced to take the GRE and GMAT to gain acceptance into separate programs, they can join bothe of them by going through one exam only.
In the years since Stanford's policy change was made, hundreds of M.B.A. programs have followed suit. According to Educational Testing Services, which administers the GRE, 334 business programs accept the GRE, up from 150 when ETS began tracking the data. Officials at ETS believe that the rapid acceleration over the last several years will continue because accepting the GRE allows schools to strengthen their applicant pools: Every year, more than 600,000 people take the GRE, while only about 270,000 take the GMAT
While the majority of business schools now accepting the GRE are smaller, less-renowned programs, several other top-ranked business schools have followed Stanford's lead. The Massachusetts Institute of Technology Sloan School of Management, Dartmouth College Tuck School of Business, and Duke University's Fuqua School of Business stand third, seventh, and 14th, respectively.
Now that so many schools are giving the applicants an option between the tests, it's important for business school candidates to know which exam is right for them. Graduate exams are not cheap, so cost is a factor as well. The GRE costs roughly $140, which is $110 cheaper than taking the GMAT. While that difference may seem negligible as a one-time payment, many students opt to take the tests multiple times. Given that the GRE is less expensive and allows students to apply to a broader range of graduate programs, some experts feel it's the test that makes the most sense for a broader number of students, especially those unsure if business school is right for them.
Courtesy usnews.com .
GRE is fast catching up with GMAT for students wishing to pursue MBA in USA. GRE has already thrown some scheme viz reducing reg fee by 50%.
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