GRE Explained

At some point in time, the Graduate Management Admissions Test (GMAT) was de facto the exam, which students took to get into business school. But in 2006 the creator GMAT, the Graduate Management Admissions Council (GMAC), decided to break ties with the Educational Testing Service (ETS), which until then had given the exam. This movement, which culminated in non-compete clause that GMAC held by the ECJ, the ECJ allowed the challenge of power that GMAC on tests in school business.

Since 2006, ETS has been a campaign of schools to take the GRE as an alternative to the GMAT. According to a press release by the ECJ,"About 450 MBA programs around the world now accept the GRE test, including 45 percent of U.S. News & World Report's top 100 U.S. programs, and seven of the top 10 global MBA programs according to The Financial Times."These schools are one of the top ranked business schools in the world such as Harvard, Stanford, Wharton at UPenn, Stern at NYU and at MIT Sloan.

In addition, the revised GRE, coming in August this year, is in part in order to test more attractive to business schools. ETS says the website,"the ECJ has improved test better reflects the way of thinking is'll do in graduate school or business and improve your test taking experience. New types of questions are better matching of skills needed to succeed in today's demanding graduate business schools and programs."Removing the analogies and antonyms, for example, shifts the focus away from the store and to analyze and understand.

It's no wonder that more and more schools begin to accept the GRE. ETS estimates that about 700 centers GRE tests in 160 countries worldwide, while the 2010 GMAC this press release, which estimates that 500 test centers in 110 countries. Schools that decide to take the GRE can expand their applicant pool, making it more convenient for international applicants applying for U.S. business schools in the era of globalization. In addition, the transition to take the GRE is beneficial for students as well. Those who are trying to decide between graduate school and will go to business school don't have to choose one over another, or worry about taking two tests (and paying two registration fees) - they can simply take the GRE and apply to both. Testmasters recommends that prospective students of both tests and shows a higher score.

With the upcoming release of the new GRE and pace that the ECJ has built over the past few years, we can expect more and more acceptable GRE business school admissions. Of course, GMAC is not just twiddling its thumbs as the ECJ's judgments of his main market - the GMAT is scheduled for a major facelift in 2013 for the exam to give more business-specific content.