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 as recently as 5 years ago. One key reason why M.B.A. programs are adding the GRE as a testing option: it enables them to broaden their applicant pools and get more potential students to consider going to b-school.
[Read b-school admission deans' tips for getting in.]
U.S. News has just published a list of which M.B.A. programs are currently accepting the GRE for admissions for the fall 2011 entering class based on data collected through early January 2011.
Fourteen of the top 20 ranked M.B.A. programs from the 2012 edition of our Best Business Schools rankings are now accepting the GRE for the fall 2011 entering class:
Of the 437 M.B.A. programs that U.S. News surveyed for the latest Best Business Schools rankings, 164—or 38 percent, up from 27 percent of 433 programs a year earlier are currently accepting the GRE test for admissions. In terms of the 100 M.B.A. programs that U.S. News numerically ranked in its newest rankings, 46 now accept the GRE, up from 24 a year earlier.
[See how business schools are reinventing the M.B.A.]
What impact will the penetration of the GRE in M.B.A. admissions have on the U.S. News Best Business Schools rankings? On the statistical survey that went to M.B.A. programs in fall 2010, U.S. News asked 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. We plan to add that GRE information to usnews.com in the near future.
We found that, at least for the fall 2010 entering M.B.A. classes, the percentages of students who submitted the GRE exam was not large enough to include the GRE data in the ranking methodology for the recently published edition of the rankings. U.S. News will continue to study whether to change its ranking methodology for the 2013 edition of the Best Business Schools rankings—to be published in late winter or early spring 2012—to include both the GMAT and GRE test scores of all M.B.A. students entering in fall 2011.
It should be noted that for GRE testing on or after August 1, there will be a revised GRE General Test.
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