Nearly 85 % of the US business schools now accept GRE as an admission test alternative to the GMAT, according to 2014 survey by Kaplan Test Prep. In contrast, in 2009, only 24 % of the business schools said they accept GRE. Kaplan reports that GRE acceptance by business schools has been growing steadily every year.
However, as more schools report acceptance of the GRE, most MBA candidates are still sticking with the more traditional GMAT. More than half of the admission officers surveyed by Kaplan this year reported that 1 in 10 applicants chose to submit GRE scores instead of GMAT scores.
As much as 78 % of the MBA programs report that they view GMAT and GRE scores equally, but 18 % of the MBA programs admit that candidates, who submit GMAT scores have a slight advantage over those who submit GRE scores.
“The trend line for business schools that accept the GRE as an admissions alternative to the GMAT has been unmistakable over the past five years,”
says Brian Carlidge, executive director of pre-business and pre-graduate programs for Kaplan Test Prep.
“What was once seen as an almost exotic admissions policy by business schools has become nearly ubiquitous.”
Carlidge advices prospective candidates, who are trying to decide which exam to take, to contact their targeted business school and ask whether the school has a preference for one exam over the other. He also advices that applicants need to make sure to take the GMAT if some of the schools, which they intend on applying to, do not accept GRE. While nowadays GRE is widely accepted, the only exam that is universally accepted is the GMAT.
Source: Clear Admit