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GMAT Vs GRE – Which One Should You Take?
Recently, some business schools have decided to accept the GMAT (Graduate Management Admission Test) score or the GRE (Graduate Record Examination) score as part of an MBA applicant’s application .
Historically, the GMAT is taken by students applying to business school, while those seeking a non-business graduate degree take the GRE.
Although the GMAT remains the most widely accepted standardized test for prospective high school students, some business school programs have chosen to begin accepting the GRE score as a means of expanding their applicant pool by encouraging a increase in applications from those with different educations and experience. background and those who have difficulty getting to a GMAT test center.
Here are some other interesting facts about why business schools are starting to accept the GRE:
-Price: The GRE is less expensive than the GMAT. The GRE costs $140, while the GMAT costs $250). The higher GMAT test fee could limit the number of students applying to business school programs, especially when considering the cost of multiple retakes and separate prep programs/books.
-Streamlining applications: The GRE is taken by students applying to multiple graduate programs, meaning students won’t have to study for, pay for, and take another standardized test to apply to the school of business
-Test centers: The GRE is offered in more places around the world than the GMAT. Schools are always looking for more diverse candidates, and accepting the GRE could lead to more applicants from around the world who may not have the finances or time to travel to a GMAT testing center.
Although the GRE and GMAT are somewhat similar, the differences between the two exams are most apparent in an analysis of their scoring, average scores, and verbal and quantitative sections.
o GRE – Like the SAT, the GRE consists of Verbal and Quantitative sections, each of which can earn you between 200 and 800 points. The writing section can score you anywhere from 0-6. For admission, most colleges do not consider the GRE writing score as much as the verbal and quantitative scores. Note that GRE scores are considered along with your undergraduate GPA, admissions interview, extracurricular activities, etc. The average GRE score overall is 1050, while the average GRE score for a Harvard student is 1330.
o GMAT: The GMAT is scored from 200 to 800 and has verbal and quantitative sessions, while the writing section is scored separately, with scores ranging from 0 to 6. The average GMAT score is about 500, while the top ten business school students average 720.
-Writing Section: The writing sections of the GRE and GMAT tests are similar, consisting of two essay questions, one asking you to analyze an argument and the other to analyze a problem.
– Verbal section: The Verbal section of the GRE consists of analogies, antonyms, sentence completion, and reading comprehension passages. And unlike the GMAT, the GRE tests vocabulary knowledge out of context. The GRE is generally considered to have a tougher verbal section than the GMAT. The Verbal section of the GMAT consists of reading comprehension, critical reasoning, and sentence correction questions. Both tests are conducted in English. If you are not a native English speaker, I recommend taking the GMAT as its verbal section is easier to prepare for.
-Quantitative Section: The quantitative section of the GRE is widely recognized as less difficult than the quantitative section of the GMAT. Unlike the GMAT math section, the GRE currently does not have a data sufficiency section and generally requires a lower level of math proficiency. However, the creators of the GRE, ETS (Educational Testing Service), announced that they are adding more data interpretation questions to their test and increasing the overall difficulty level of the GRE.
In general, top business schools look for fairly high percentile scores on the GRE and GMAT, especially on the quantitative section. Some schools require at least a 50th percentile score on the quantitative section of either test to be admitted to their program.
When making a decision about whether to take the GMAT or the GRE, you should consider whether the schools you are applying to accept the GRE instead of the GMAT. If they do, look at your academic strengths and weaknesses. In general, if you have excellent quantitative skills, look further into the GMAT. If you have exceptional writing and verbal skills with less-than-stellar quantitative skills, consider taking the GRE. Remember that both tests are difficult and require a lot of study, regardless of which test you choose. Be sure to prepare with a great GMAT Prep or GRE Prep program.
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