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Students need to submit
scores of either the Graduate Management Admission Test (GMAT) or the Graduate
Record Examination (GRE) as a part of admission requirements for graduate
business programs. Let’s try to find out vital facts about these exams, their
key differences, answers to related questions like whether colleges prefer the GMAT
or GRE, and more.
Key Highlights
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Academic goal
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Math skills
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University requirements
What is the GMAT?
GMAT is a widely-accepted
entrance test for getting into business and management programs worldwide,
including part-time and full-time MBA and other Master’s programs such as
Master of Finance. Over 7,700 programs at 2,400 universities and organisations
in 110 countries accept the GMAT score for various management programs.
What are GMAT requirements?
Test applicants seeking
admission to a B-school must be 18 years old and should have completed
graduation from a recognised university. Test takers below 18 years of age must
email the GMAT parental consent form to the respective authorities before the
exam.
GMAT registration 2023
GMAT will be available several
times in 2023. So, you can visit the official GMAC website and choose the dates
that are available and convenient for you. Once you decide on the date, you can
open your mba.com account to register for the exam on the same website. After
registering, you will be given the option to select your preferred date and
time.
What is the GRE?
The GRE is a standardised
test for taking admissions into graduate and business school programs
worldwide. You can reappear for the test once every 21 days, a maximum of up to
five times in a continuous 12-month rolling period.
Converting GRE to GMAT
Some B-schools have
specific GRE score requirements, which must be equivalent to the necessary
levels of GMAT scores. Thus,
students should convert GRE scores using the GRE to GMAT conversion tool to
predict the GMAT.
GMAT vs GRE: Key differences
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GRE |
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Accepted by/for |
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Conducting Body |
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Sections |
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Length |
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Which should I choose: GMAT or GRE?
“Is GMAT better than GRE for MBA” is one question you may have if you want to pursue an MBA
program. Earlier MBA aspirants had no choice other than giving a GMAT exam.
But, of late, the majority of top-notch universities, such as Stanford and New
York University (NYU) are accepting GRE scores. So, if you want to know if
Harvard University prefers GRE or GMAT, the answer is it accepts both.
Which exam should I choose
is one of the most asked questions by students. However, one is not better than
the other. But you can make the right decision by considering the following
factors.
After completing your
entrance exam, if you need any financial assistance, Avanse Financial Services
is here to help you. We have been offering student loans
to deserving students. Customised loans, an easy-to-apply loan application
process and quick sanctions are some of the benefits we offer to students and
make their academic journey hassle-free. So, simply contact us today to know other
important details about education loans, including education loan
eligibility criteria.
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The rate of interest on your loan is calculated as: Interest Rate = Avanse Base Rate +
Spread.
Our current Base Rate is 14.25% (WEF 01.05.2023).
The Spread is floating and is based on analysis of overall credit and course profiling.
This rate is subject to the terms and conditions of Avanse Financial Services Ltd.