5 of the Top 10 MBA Programs in the World Now Accept the GRE

Is the GMAT not working for you? Has it been too long since grade school math? Fear not, now you have options! The GRE is gaining popularity among top business schools around the world.

Which top schools? China Europe International Business School (CEIBS), Harvard, Instituto De Empresa (IE), Canada's Queen's School of Business, MIT Sloan and Stanford. To view a complete list of MBA programs that accept GRE visit www.ets.org/gre/bschools.

More than 190 business schools from across the globe - including many top-ranked MBA programs in Europe, Asia and North America - are part of a growing trend of MBA programs that are seeking to broaden and diversify their candidate pools by accepting GRE test scores.

Last month, Harvard Business School (HBS) announced that it will accept GRE scores for admission into its 2+2 program. "The HBS 2+2 program is designed to encourage college juniors - especially those in majors such as engineering, science and government - to consider business as a career path," said Deirdre Leopold, Harvard Business School's Managing Director of Admissions and Financial Aid. "Since the GRE is the test these students are most familiar with on the road to graduate school, we are pleased to offer it as an alternative option to the GMAT®." And this just in (added 5/18/09) the regular Harvard MBA program now accepts the GRE as well.

In addition, MBA programs cite institutional competitiveness and student access to GRE test centers as practical reasons for accepting GRE test scores. But it is the current global economy and the GRE test's inherent ability to support programs' diversity goals that creates the most appeal, according to David Bach, Associate Dean of MBA programs at Instituto de Empresa (IE) Business School.

"As the financial crisis deepens, new approaches are needed to rebuild global financial systems and to uncover opportunities for creating value in business and society," says Bach. "Business schools must look to diverse participants to engage in this process, and we find the GRE test an excellent tool to help us meet this objective."

For more info on finding an MBA Program that doesn't require the GMAT check out our show on this topic.