GMAT versus GRE: Which Test Should You Choose for Business School?

October 18, 2023 :: Admissionado

If you’re on the path to applying for a graduate-level business program, you’re likely facing the big decision: GMAT or GRE? Both exams are accepted by many business schools, but understanding which one suits you better can be a game-changer. Let’s dive into the nitty-gritty of these two exams to help you decide.

Understanding Your Degree Goals

The first step in choosing between the GMAT and GRE is understanding what kind of degree you’re aiming for. If your heart is set on an MBA, the GMAT is traditionally the gold standard. Nearly every MBA program accepts GMAT scores, and some even require it exclusively. This test was specifically designed to predict a student’s performance in their first year of business school.

However, if you’re considering a broader range of graduate business programs, such as those in finance, business analytics, public administration, or management information systems, the GRE might be the better option. The GRE is accepted by a variety of business programs and gives you the flexibility to apply to non-MBA degrees as well.

Assessing Your Academic Strengths

Both the GMAT and GRE test your verbal and quantitative skills, but they have different focuses. The GRE is more vocabulary-centric in its verbal section, while the GMAT emphasizes grammar and logical reasoning. If you have a strong grasp of vocabulary, the GRE might play to your strengths. Conversely, if you excel in grammar and structured thinking, the GMAT could be your ally.

When it comes to math, the GMAT’s quantitative section is considered tougher, partly due to the challenging Integrated Reasoning section. The GRE’s math questions, while still rigorous, are seen as more straightforward. Additionally, the GRE allows the use of a calculator, which is not permitted on the GMAT.

Writing skills also come into play. The GRE requires two essays (an issue analysis and an argument analysis), whereas the GMAT includes just one (an argument analysis). If writing under time pressure is your forte, the GRE could be advantageous.

Budget Considerations

Your budget might also influence your decision. The GMAT costs $250, while the GRE is slightly cheaper at $205. Both tests can be taken at home or at a test center, depending on availability in your area.

Beyond the initial test fee, consider the cost of sending your scores to schools. The GMAT allows you to send your scores to an unlimited number of programs for up to five years. The GRE, on the other hand, lets you send scores to four schools for free, with additional reports costing $27 each.

Exam Format and Flexibility

The structure and format of the exams are also important to consider. The GMAT is a computer-adaptive test, which means the difficulty of questions adjusts based on your performance. This can make the test feel more challenging as you progress. The GRE has a fixed sequence of questions, allowing you to move back and forth within a section to review and change your answers.

The GRE includes a 60-minute Analytical Writing section, two 35-minute Quantitative Reasoning sections, two 30-minute Verbal Reasoning sections, and an unscored experimental section. The GMAT comprises a 30-minute Analytical Writing Assessment, a 30-minute Integrated Reasoning section, a 65-minute Verbal section, and a 62-minute Quantitative section.

Business School Preferences

Historically, the GMAT has been the preferred test for business schools. Its design specifically targets business school applicants, which can signal your commitment to a career in business. However, in recent years, over 1,200 MBA programs have started accepting GRE scores as well, recognizing the diversity it brings to their applicant pools.

Business schools appreciate the GRE because it attracts a broader range of applicants from varied academic and professional backgrounds. This inclusivity can enrich the learning environment with diverse perspectives.

Your Career Aspirations

Think about your long-term career goals when deciding between the GMAT and GRE. Some employers, particularly in consulting and finance, value GMAT scores in their hiring process. If you aim to enter these industries, a strong GMAT score might enhance your job prospects.

Making Your Final Decision

Ultimately, the choice between the GMAT and GRE should align with your strengths, career goals, and the specific requirements of your target schools. Research your top business schools to see if they have a preference. Then, evaluate which test will better showcase your abilities and enhance your overall application.

In conclusion, both the GMAT and GRE are valid options for business school applicants. By considering your degree goals, academic strengths, budget, and career aspirations, you can make an informed decision that sets you on the path to success. Choose the test that makes you shine as a compelling candidate, and you’ll be well on your way to achieving your business school dreams.