(Newswire.net — September 9, 2016) Aurora, Colorado — Finance expert Alan Dubelman shares his thoughts on the GMAT and GRE exams, and sheds some light on how important these exams are in an MBA application. According to him, business schools in general take a holistic approach to admissions, with most schools now accepting both the GRE and the GMAT. However, some schools do choose one over the other, and have stated the reason for their choice. Regarding preparation for the exams, both have plenty of available resources, usually online, which interested takes can get on ExamGenius. Many are paid courses but one can get by without paying if they put the time finding it.
Even though the GRE has been around for decades, only few full-time MBA applicants take the exam. The GMAT, which was first created in the 1950’s, has always been the standard since it was especially developed to help business schools select qualified applicants. Majority of MBA admissions staff consider the GMAT to be the most respected standardized admission test, accepting the correlation between academic performance and GMAT scores as reality. This is why most students take the GMAT instead of the GRE.
The schools that do accept the GRE do not necessarily think that it is less important, but some have stated that they accept it due to the fact that it is taken by a lot of applicants from the United States. This means that they may actually think the two is equally important, but that one just happens to be the norm in some places or cultures.
Majority of schools remain to prefer the GMAT and mostly have the same reasons for this preference. Some of them also accept the GRE. The London Business School thinks the GMAT is a good indicator of academic performance although a good GMAT score alone does not get anyone in. They are open-minded and accept the GRE, and looks at it with the equivalent standards. Cass Business School (UK) also accepts the GRE, but they prefer the GMAT saying that it is a more standardized test and a more efficient way of comparing similar applicants. INSEAD (France) prefers the GMAT, as it is designed specifically by business schools for business school applicants. They do, however, accept the GRE mainly for applicants based in locations where the GMAT is not offered. Other schools that prefer the GMAT but also accept the GRE include the Copenhagen Business School (Denmark) and the Tepper School of Business (USA).
HEC (Paris), Maastricht School of Management (Netherlands), and Babson College (USA) see no difference between the GMAT and the GRE, and use both in assessing applicants. NYU Stern does not only rely on the GMAT or GRE, and says these scores are assessed along with GPA.
About Alan Dubelman
Alan Dubelman is an expert in the finance field and also a medical professional with a broad clinical background. He has a master’s in Finance, which he got from the University of Denver, and specializes in financial modeling, corporate finance, and compliance and marketing.