A growing number of M.B.A. programs are now accepting the Graduate Record Exam or GRE for admissions. This new trend gives prospective M.B.A. students more testing options, because almost all M.B.A. programs only accepted the Graduate Management Admission Test or GMAT for admission. One key reason why M.B.A. programs are adding the GRE as a testing option is it enables them to broaden their applicant pool and get more potential students to consider going to B-school.
U.S. News has just published a list of which M.B.A. programs are currently accepting the GRE for admissions based on data collected through early January 2010.
These are the top-ranked M.B.A. programs from the 2011 edition of our America's Best Business Schools rankings that are now currently accepting the GRE:
1 (tie): Harvard University and Stanford University
3. Massachusetts Institute of Technology (Sloan)
7. Dartmouth College (Tuck)
9. New York University (Stern)
11. Yale University
13. University of Virginia (Darden)
14. Duke University (Fuqua)
16. University of Texas—Austin (McCombs)
19. Washington University in St. Louis (Olin)
Of the 433 M.B.A. programs that U.S. News surveyed for the latest America's Best Business Schools rankings, 115 of them—nearly 27 percent are currently accepting the GRE test for admissions. In terms of the 99 M.B.A. programs that U.S. News numerically ranked in its newest rankings, 24 of them accept the GRE.
What impact will the rapid growth of the GRE in M.B.A. admissions have on the U.S. News America's Best Business Schools rankings? On the statistical survey that goes to M.B.A. programs in fall 2010, U.S. News plans to ask a series of detailed questions on actual GRE test scores and the number and the percentage of fall 2010 enrolled M.B.A. students submitting them. U.S. News is considering changing its ranking methodology for the 2012 edition of the America's Best Business Schools rankings—to be published in spring 2011—to include both the GMAT and GRE test scores of all M.B.A. students entering in fall 2010.