Today, most graduate schools require prospective students to take the GMAT or GRE tests as a part of the application process. In prior years, many business schools accepted only the GMAT scores. Currently, with business schools becoming more flexible with their admissions requirements, students have an option to take either the GMAT or GRE to show their academic potential.
Should you take the GMAT or GRE when applying to graduate business school? Which one is best for you? The choice may depend on your personal preferences, your skill sets, the graduate program specifics, or the school’s requirements.
If you want to know which of the two exams is right for you, learn more about the key differences between the GMAT and GRE and what factors to consider before taking either exam. The infographic below serves as a visual guide that can help you make the best decision.
Conclusions about the differences between GMAT and GRE
- Both tests evaluate similar student skills but using a different format.
- The GMAT score ranges from 200 to 800, while the GRE ranges from 130 to 170.
- The GRE is 15 minutes longer than the GMAT.
- There are 2 breaks during the GMAT as opposed to 1 break for the GRE.
- The GMAT is a bit more expensive than the GRE.
- You won’t need to renew the exams for 5 years after taking them. But you are allowed to retake the exams if you want to get better scores.
- Both the GMAT and GRE are accredited by the AACSB.
Don’t forget to do your research and discover which of the two exams is accepted by your chosen university. Some might accept one or the other, but not both, depending on a variety of factors.