Most schools are accepting the GRE now. We
didn’t five years ago, because the GMAT exam was actually designed for business schools.
Just like the MCAT is for med schools and the LSAT for law schools, the GMAT is a
business school exam. And it measures your logical ability, your reasoning ability, your
mathematical skills that will be required in business schools and that’s why we like
it. We have a long, long history with the GMAT exam. We know that the validity studies
have shown that the GMAT does show how successful a student will be in the first year of the
program. No, it doesn’t tell us whether you’re going to be a great businessperson. It doesn’t
tell us whether you’re really smart or not. It tells us you know how to reason and analyze.
That’s what you have to do in business. The reason we started accepting the GRE, which
is a totally different kind of exam, is because many of our students were doing degree programs
— Master of Public Policy, Master of Healthcare, Master of… it could be anything. And the
other degree would require the GRE, as most graduate school programs do. So, the GRE is a very different test. It’s
much more verbally focused than quanitatively focused. If we accept the GRE, because we
don’t want you to have to spend the extra $300 on a test, then we expect you to have
a strong quantitative score on that, because we know the math on that is not as difficult
as the GMAT math. And one other factor that you need to keep in mind is that if you’re
going into finance or consulting, they look at your GMAT. They want to see that. If you’ve
got a GRE, they’re not going to really be interested in you. If you’re going to major
in something like human resource management or marketing — marketing does require an
enormous amount of analytical and statistical skills,but you might be able to get away with
it. But, never forget: if you’re going for a Master of Business Administration, you still
have to get through the core finance classes and the core econ classes and accounting and
statistics and capital markets and other things. So, you really do need to brush up on your
math. And we tell all of our students, “if you have not had any quantitative courses
in undergraduate, go out now, before you start working on your MBA go out and take some,
just to make yourself more comfortable once you get into whatever program you go to.”
The second thing is that the more you practice, the better you will get. This is from the
mouths of the people at GMAC that do the test. The only way to prepare for it is to study,
study, study and take a practice test every weekend. It’s not a test where you can walk
in and do well on the first try, because it’s a very different format.