1. Standardized Tests: Importance in MBA Admissions: Standardized tests serve as an objective measure of a candidate’s quantitative, verbal, analytical, and critical thinking skills—attributes essential for success in an MBA program. Admissions committees rely on these scores to evaluate an applicant’s academic readiness and potential. While standardized tests are just one component of a comprehensive application, they provide a standardized benchmark for comparing candidates from diverse academic backgrounds.
2. GMAT vs. GRE: Accepted Tests for MBA Programs: The GMAT has been the traditional choice for MBA programs; however, most business schools now accept the GRE as well. GMAT is also revamping to GMAT Focus Edition and the tests will be available from next year (2024). The GRE offers greater flexibility, as it is accepted by a wide range of graduate programs beyond business schools. MBA applicants can choose the test that aligns with their strengths and preferences. Admissions committees typically do not have a strong preference for one test over the other, focusing more on the overall score achieved.

3. Average GMAT/GRE Scores for Top US MBA Programs: The average GMAT/GRE scores for admitted MBA students vary across different programs, reflecting the competitiveness and selectivity of each institution. The M7 schools, comprising Harvard, Stanford, Wharton, Chicago Booth, MIT Sloan, Columbia, and Northwestern Kellogg, are known for their rigorous admission processes. The average GMAT scores for these schools typically range from the 720-740, with some variance depending on the cohort.

Outside the M7, other top MBA programs such as Berkeley Haas, Tuck, and Yale School of Management also have high average GMAT scores in the mid-700s to low-700s range. It’s important to note that these are averages, and successful applicants may be admitted with scores both above and below these ranges.

Average GMAT score of Top US schools

In terms of GRE scores, the average accepted scores align closely with the GMAT ranges mentioned above. While the exact average GRE scores may differ slightly, top MBA programs generally consider a comparable level of performance on the GRE as they do on the GMAT. As MBA programs are not currently ranked on their reported GRE average, some schools elect not to publish their averages (noted by N/A below).

Average GRE score of top MBA US MBA programs

4. Average GMAT/GRE Scores for Top EU/UK MBA Programs : EU/UK MBA programs also place significance on standardized test scores during their admissions processes. Institutions like INSEAD, London Business School, and Oxford Saïd Business School are recognized globally for their exceptional MBA programs.

For INSEAD, the average GMAT score of admitted students is typically around 700, while the average GRE score is approximately 160-162 for both the verbal and quantitative sections. London Business School and Oxford Saïd Business School have similar average GMAT scores in the high-600s range, with corresponding GRE scores averaging around 156-158.

Average GMAT score of Top EU/UK schools

5. The Role of Standardized Test Scores in the Application: While GMAT/GRE scores are essential, they are just one part of a comprehensive application package. Admissions committees consider other factors such as work experience, academic transcripts, essays, recommendation letters, and interviews to assess a candidate’s overall profile. A high test score can enhance an application, but it is not the sole determinant of admission. It is crucial to present a well-rounded application that showcases your achievements, goals, and fit with the program.

Standardized tests like the GMAT and GRE serve as significant components of the MBA application process, providing a standardized benchmark for evaluating candidates. The average GMAT/GRE scores for admitted MBA students vary across different programs, with top MBA schools and prestigious institutions typically setting high expectations. However, it’s important to remember that these scores are just one part of a holistic evaluation. Admissions committees consider various factors when making their decisions, including work experience, academic records, essays, recommendations, and interviews. Ultimately, a strong performance on the GMAT or GRE can strengthen your application, but it should be complemented by a well-rounded profile that demonstrates your potential as a future business leader.