In our opinion, the GMAT is better than the GRE for MBA admissions. Here is why:

1. The GMAT still remains the de-facto standard for MBA admissions: While the number of GRE-takers intending to use their scores to apply for MBA programs rose 38% last year according to ETS, the same article also mentions that most schools see 10%-30% of their applicants apply with a GRE score. This means 70%-90% (and the average is likely to be closer to 90% than to 70% for top programs) of MBA applicants still apply using GMAT scores, rather than GRE scores.

2. No clear answer yet on how schools use GRE scores: As so few applicants come in with GRE scores, it is difficult to find competitive ranges or class profile averages for GRE scores at top MBA programs. Look up the class profile of most programs and you will find prominently displayed the average GMAT score (often the 20-80% ranges for the GMAT as well), but not one program lists the average GRE scores or GRE score ranges. For sure, MBA programs would have tools to be able to rate GRE performance and compare it to that on the GMAT, but why risk a comparison that could go either way for you, especially with no data as a guidance on what a great GRE score would be?

3. Post-MBA scenario: Ok, this is not relevant for MBA Admissions, but still important when if you are keen on IB or consulting. Some recruiters, especially investment banks and strategy consulting firms, like to look at GMAT scores when shortlisting candidates. They will accept GRE scores as well in most cases, but again the lack of data (especially when comparing you to your peers, most of whom will report GMAT scores) can make a clear comparison an issue.

This explanation was first published on the GyanOne Blog