Five of the top 10 MBA program in the world now accept the GRE(R) General Test, according to the Financial Times‘ Global MBA rankings for 2009 and Educational Testing Service (ETS).
These are China Europe International Business School (CEIBS), Harvard (2+2 Program), Instituto De Empresa (IE), MIT Sloan and Stanford. In the official list on the only university in China listed is China Europe International Business School.
Deirdre Leopold, Harvard Business School’s Managing Director of Admissions and Financial Aid, said, ‘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.
‘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(R).’
In addition, some MBA program cite institutional competitiveness and student access to GRE test centers as practical reasons for accepting GRE test scores.
David Bach, Associate Dean of MBA programmes at Instituto de Empresa (IE) Business School believes it is the current global economy and the GRE test’s inherent ability to support programs’ diversity goals that creates the most appeal.
Market Watch reported him as saying, ‘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,”