MBA
Exploring GRE Scores & Submission Rates at the Top 50 U.S. MBA Programs
Last Updated on April 27, 2024 by Robert C. Hoopes
In a recent report by ‘My MBA Career’, it was revealed that the Graduate Record Examination (GRE) has made a significant comeback in 2023, with more top U.S. business schools showing an increase in submission rates compared to the previous year. Out of 54 top B-schools surveyed, 23 reported a rise in GRE submissions, with an average increase of 7.6 percentage points.
Contrastingly, the Graduate Management Admission Test (GMAT) saw a decline in submission rates at 39 out of the 54 schools from 2022 to 2023, with only eight schools experiencing an increase. This marks a continued trend of decreasing popularity for the GMAT among MBA applicants.
The GRE has been gaining ground as the preferred test for many B-schools, with 16 schools reporting higher GRE submission rates than GMAT in 2023. Elite schools such as Stanford and Yale have led the way in average and median GRE scores respectively, showcasing the growing acceptance of the GRE in top MBA programs.
Notable shifts in submission rates were observed at various B-schools, with some experiencing significant declines in both GRE and GMAT submissions. Overall, the GRE has shown steady growth in submission rates over the past few years, while the GMAT has struggled to maintain its appeal among MBA candidates.
The data highlights a clear trend of increasing preference for the GRE at many top B-schools, with more schools favoring the GRE over the GMAT in 2023. This shift in preference underscores the changing landscape of MBA admissions and the growing importance of the GRE in the application process.
