The Graduate Record Examinations (GRE) is a standardised test that is an admissions requirement for most graduate schools in the United States. Created and administered by Educational Testing Service (ETS) in 1949, the exam aims to measure verbal reasoning, quantitative reasoning, analytical writing, and critical thinking skills that have been acquired over a long period of time and that are not related to any specific field of study. The GRE General Test is offered as a computer-based exam administered at Prometric testing centers.
In the graduate school admissions process, the level of emphasis that is placed upon GRE scores varies widely between schools and between departments within schools. The importance of a GRE score can range from being a mere admission formality to an important selection factor.
The GRE was significantly overhauled in August 2011, resulting in an exam that is not adaptive on a question-by-question basis, but rather by section, so that the performance on the first verbal and math sections determine the difficulty of the second sections presented. Overall, the test retained the sections and many of the question types from its predecessor, but the scoring scale was changed to a 130 to 170 scale (from a 200 to 800 scale). A minimum score of 260/340 is awarded on attempting the exam.
The Graduate Management Admission Test is a computer adaptive test (CAT) which assesses a person’s analytical, writing, quantitative, verbal, and reading skills in standard written English in preparation for being admitted into a graduate management program, such as an MBA.
The GMAT does not measure business knowledge or skill. Nor does it measure intelligence. The GMAT is simply a test of how well one takes the GMAT. GMAT is a registered trademark of the Graduate Management Admission Council. More than 5,900 programs offered by more than 2,100 universities and institutions use the GMAT exam as part of the selection criteria for their programs site. Business schools use the test as a criterion for admission into a wide range of graduate management programs, including MBA, Master of Accountancy, and Master of Finance programs. The GMAT exam is administered in standardized test centers in 112 countries around the world.
On June 5, 2012, the Graduate Management Admission Council (GMAC) introduced an integrated reasoning section to the exam that is designed to measure a test taker’s ability to evaluate data presented in new formats and multiple sources. GMAC continues to perform validity studies to statistically verify that the exam predicts success in business school programs. According to a survey conducted by Kaplan Test Prep, the GMAT is still the number one choice for MBA aspirants despite the increasing acceptability of GRE scores.