GMAT or GRE
Posted on
28
Sep 2022

GMAT or GRE: What’s the difference?

If you are considering pursuing a graduate degree, you will likely need to take either the GMAT or GRE exam. While both exams are used for admission into graduate programs, there are some key differences between the two.

Both the Graduate Management Admission Test (GMAT) and Graduate Record Examinations (GRE) are standardized tests that have a lot in common in terms of their purpose.  But GMAT is required for admission to most business schools while GRE is accepted by most graduate schools.  But how do they differ?

GMAT or GRE: How are they different?

GMAT GRE
What are they? A standardized test required by most business schools. A standardized test required by most graduate schools, including many business schools.
Format The GMAT has four sections. A 31-minute Quantitative Reasoning section, a 65-minute Verbal Reasoning section, a 30-minute Integrated Reasoning section, and a 30-minute Analytical Writing section.  The GRE has four sections. Two 35-minute Quantitative Reasoning sections, Two 35-minute Verbal Reasoning sections,  a 60- minute Analytical Writing, and one unscored section that could be verbal or quantitative.
Testing time 3.5 hrs 3.75 hrs
Scoring GMAT is scored on a scale of 200-800 in increments of 10.  GRE is scored on a scale of 130-170 in increments of 1. 
Cost The GMAT costs $250 with a $35 fee for each score report sent after the first five free reports. The GRE costs $205 with a $50 fee for each score report sent after the first four free reports.
Validity 5 years 5 years

GMAT or GRE: Which exam to take?

That depends on your future plans after you complete your degree. Most people choose to take the GMAT because it’s tailored specifically for business school applicants. But if you’re interested in other graduate programs as well, or you want a more comprehensive test that covers more topics, then the GRE might be a better option for you.

Also, it’s always best to check with the schools that you intend to attend and see which test they prefer. 

GMAT or GRE: Bottom line

Both tests are designed to measure a person’s ability to think critically and solve problems. The GMAT is specifically geared towards students who want to pursue a career in business, while the GRE is more general and can be used for admission into a variety of graduate programs.

If you need help deciding which exam to take or preparing for either of them, reach out to our tutors at ApexGRE or ApexGMAT for private personalized tutoring sessions. We offer 30-minute complimentary consultations with one of the top-scoring instructors.

Contributor: Cynthia Addoumieh

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GRE, GMAT, or EA - Which Test Should You Take For Business School?
Posted on
29
Oct 2021

GRE, GMAT, or EA – Which Test Should You Take For Business School?

So you’re dreaming of getting your MBA. Part of the hurdle of applying to business school is taking a standardized test to fulfill application requirements. With so many different standardized tests being offered, and with numerous schools allowing applicants to take different exams, it is often hard to know which exam best aligns with your goals. We have broken down the top three standardized testing options for MBA programs so that future MBAs can have a better grasp on their application process.

Graduate Record Examination (GRE)

What is GRE?

The Graduate Record Examination, or GRE, allows prospective graduates with varying educational backgrounds to apply for master’s, MBA, or doctoral degrees to “show off” their skills to prospective schools. The GRE is accepted by thousands of graduate schools, including business and law schools.

Why do you need GRE?

Besides being accepted at graduate schools with a variety of backgrounds, in recent years the GRE exam is also accepted by many prestigious MBA programs too. However, be mindful that the GMAT is still the most relevant exam which you can take to show off your skills.  Especially when it comes to the field of business. One of the reasons behind this is that the GMAT was specifically designed for MBA programs and business school admissions. Also, unlike the GRE, the GMAT has an additional section – the integrated reasoning section – which will give you the possibility to prove your data analytical skills. We aren’t trying to scare you away from taking the GRE. You must decide on the right path for you. For example, if you believe you will perform better on the GRE than on the GMAT then deciding to take the GRE is the best decision for you.

What is the content of the GRE exam made of?

The content of the GRE is divided into three sections, these being: analytical writing section, quantitative section, and verbal section. The first section measures your ability to communicate complex ideas and use standard written English to prove an argument. The second section is to measure your ability to solve math, algebra, and geometry problems. The last section is to measure your ability to analyze sentences and writing passages.

GRE Scores Explained

The GRE score range is from 130 to 170; 130 is the lowest possible score, whereas 170 is the highest. The verbal and quantitative sections are scored from 130 to 170 and the analytical writing section is scored from 0 to 6 points.

Where to begin?

Similar to GMAT, once you decide on taking the GRE you need to plan your future steps: how to prepare? With whom to prepare? In-person or online? Etc. If you are interested in working with an experienced GRE tutor to help you prepare, we offer individualized and specialized tutoring for motivated students.

The Graduate Admission Management Test (GMAT)

What is the GMAT?

If you are aiming for your dream MBA school, the GMAT is an important part of the application process. The test is developed and administered by the Graduate Management Admissions Council (GMAC). Your final GMAT scores can help bolster your chances of getting into your dream MBA program. While scores are not an exclusive part of the admissions committee’s decision, the GMAT is still taken into consideration during the admission’s process as it evaluates the necessary skills needed to succeed in business school. Additionally, the process of studying for the GMAT emphasizes the qualities necessary to advance your future business career.

Why do you need the GMAT?

Once you go through the GMAT preparation phase and you are ready to reach your GMAT goal, you will get the opportunity to stand out among other applicants and raise your chances of getting in. A high score on the GMAT will have a positive impact on your business school application.

What is the content of the GMAT exam made of?

The GMAT exam has four sections: analytical writing assessment which aims to measure your ability to think critically, integrated reasoning is for measuring your ability to analyze data and evaluate information that is presented in multiple formats, quantitative reasoning is used for measuring your ability to analyze data, and lastly, verbal reasoning measures your skills to read and understand written materials to conform to standard written English.

Good to know: before the test begins, you can determine the order you wish to take each section of the exam in.

GMAT Scores Explained

The score that many business schools and MBA programs pay the most attention to is the combined 200-800 score scale. Each section of GMAT has a separate scoring system: the analytical written assessment is scored from 0 to 6, whereas the integrated reasoning is scored on a 1 to 8 scale. In addition, the quantitative and verbal sections each have a scale score of 0 to 60. In the end, they are all combined to generate a score on the 200 to 800 scale which is the one you are most familiar with.

Where to begin?

Let’s say that you decided to take the GMAT, what are the steps that you need in order to reach your GMAT high score? First, you need to decide if you are going to start this journey on your own or you need a tutor to help you out. First of all, we suggest deciding on how you structure your GMAT studying. Are you hoping to find a premier GMAT tutor? Are you planning on doing it solo? Will you study with friends? Do you want to be part of a GMAT prep group? Figuring out how you want to study is vital to begin the process of GMAT preparation on the right foot.

If you need a 700+ GMAT score, check out our tutors here at Apex GMAT who are ready to help you from anywhere in the world! 

Executive Assessment Test (EA)

What is the EA?

The Executive Assessment, or EA, is an admission exam designed for Executive MBA programs. Just like the GMAT, the EA is also administered by the GMAC.

Why do you need EA?

Besides being an indicator of your skills for your admission process towards an EMBA program, the EA mainly helps already experienced managers, who want to advance their careers, get to even higher levels by attending an Executive MBA program. Most MBA programs and EMBA programs accept the EA as an admissions exam from applicants who have a certain number of years of professional work experience under their belt.

What is the content of the EA exam made of?

The EA test is composed of three sections: integrated reasoning, verbal reasoning, and quantitative reasoning with a total of 40 questions. These sections test similar qualities to that of the GMAT exam.

EA Scores Explained

The scale for each section is from 0 to 20 with a total scale range from 100 to 200. All three sections are equally weighted in determining your final score. 

Where to begin?

You guessed it: the same as for GMAT and GRE, there are a few decisions to make before starting your EA journey. Look for a platform, a tutor, and plenty of other tools that can be beneficial for you to reach your EA high score.

Which one is the best for you?

After familiarizing yourself with the above-mentioned standardized tests you might wonder which one to go for. This all depends on what you are aiming for. From business school admissions to advancing your career, each of these tests can help you prove specific and required skills in different fields. Once you decide what your goal is, it will be easier to decide which test is the best way to show your strength and skills and to get into the program of your dreams!

Contributor: Arin Agich 

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GMAT vs GRE
Posted on
27
Feb 2021

GMAT vs GRE – The Most Competitive Jobs On The Market

By: Apex GMAT
Date: February 27, 2021

If you’re on the verge of pursuing a professional career in business administration, finance, marketing, marketing management, accounting, or law, etc. then taking the GMAT or GRE will be a detour along the way to the top. The type of exam you choose matters. There’s a positive correlation between test scores and future earnings; with higher test scores, you may qualify for a more competitive program, and ultimately, a more lucrative career. This article describes applications of the GMAT and the GRE in today’s labor market, as well as their similarities and differences, to help you determine which test is right for you.

GMAT vs GRE | Admissions Differences

By far the most important factor to consider is which exam your desired institution accepts and prefers.

Traditionally, the GMAT is the more common option when it comes to pursuing an MBA or a similar program at a business school. The test is specifically designed to evaluate skills that help MBA admission committees determine not only industry knowledge but also critical traits like risk and time management, problem-solving under pressure, and adaptability, all of which are essential for a successful business career.

The GRE’s most distinguishing feature is its suitability for a wider variety of graduate school programs in fields such as business, education, engineering, humanities and arts, life sciences, physical sciences, and social sciences. If you’re targeting a non-MBA graduate discipline, pursuing a dual-degree, or you’re still unsure, then taking the GRE may allow you to kill two birds with one stone. It’s also worth noting that about 90% of MBA programs also accept GRE scores.

To determine which exam will make you the most competitive, ask the institution’s admissions counselors if they prefer the GMAT over the GRE. Despite many business schools’ claims that they don’t have a preference, around 90% of applicants decide to apply with a GMAT score. This discrepancy might be the result of test takers’ desire to show admissions committees that they have a clear understanding of their graduate program goals and career aspirations. If you aren’t sure which type of graduate program you’re interested in, then the GRE might be the better option. However, if you want to make sure you will be as competitive as possible for an MBA program, then pick the GMAT. In both cases, ranking among the top performers requires rigorous test preparation.

GMAT vs GRE | Structure, Timing, Scoring, Costs

gmat vs gre

GMAT vs GRE | Job Prospects

Also, consider each exam’s structure to determine which you’re more likely to perform well on.  GMAT prep will involve more focus on the quantitative section, which is more challenging than the GRE’s. MBA committees agree that an applicant’s performance in the quantitative section is one of the strongest indicators for a successful career. Conversely, with GRE prep, there is a strong focus on sentence equivalence and text completion sections which require a skilled command of highly sophisticated vocabulary. This may be particularly challenging to non-native English speakers.

The choice between the GMAT and the GRE may affect long-term career earnings beginning at the graduate level. Applicants with strong GMAT scores are more likely to receive MBA scholarships, which are usually not available for GRE applicants. Some companies even finance GMAT tutoring and exam fees for their employees or interns as an investment that will yield long-term results. When it comes down to actual labor market opportunities, however, the GMAT has an even stronger influence. Many firms, especially in consulting and finance, explicitly require a high GMAT score upon recruitment.

Lifetime Earnings Difference

Moreover, there is a high correlation between GMAT score and post-MBA salary. Over the course of 12 years working with applicants to the top 10 MBA programs, we at Apex have been able to track their progress from pre-GMAT to their post MBA careers. With data gathered from admission consultants who work with elite programs, as well as financial data from clients who have completed their MBAs, we conducted an internal analysis of the relationship between the exam score and post MBA financial gains. After correcting for other factors, our study suggested that each ten point increment in one’s GMAT score equates to $80,000 – $90,000 (NPV) of extra lifetime earnings.

An investment in GMAT preparation can result in a successful high-paying professional career in the most competitive fields that draw MBA graduates:

  • Finance – Financial Analysts, Financial Advisors, Investment Bankers, Investment Fund Executives
  • Management – Marketing Managers, Business Operation Managers, IS Managers
  • Business Consulting – Management Analysts, Marketing Managers, Business Operations Consultants, Information Technology Directors, Operation Research Analysts and all C-level positions

If you excel at test-taking and exam preparation, your GMAT or GRE journey can also lead you to secure a job as a GMAT instructor or GRE instructor. The concept of private, one-on-one GMAT or GRE prep that Apex’s GMAT tutors offer is built around a customized GRE curriculum and  GMAT curriculum. The goal of this approach is to work with both native and non-native English speakers to build cognitive skills that can be applied in and adapted to diverse working environments, resulting in career success.

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