I can take either to get into the MBA program, can you guys/gals shed some light on past experiences with these?
What do you mean by 'the MBA program'. My experience when applying in 94-95 was that MBA programs generally only accept the GMAT.
I actually took both around the same time, because I applied to a dual-degree (MBA/MPL) program. The MPL required the GRE and the MBA required the GMAT.
I think the GMAT overall was a more intense test, but preparing for it made the GRE much easier- especially the math section- and I performed pretty well on the GRE as a result. As far as studying went, I think I devoted 2 hours to the GMAT and 1 hour to the GRE every weekday, and about 5/3 on weekends. I didn't do any courses but I'd highly recommend them. I just bought a few different books- Kaplan, Barrons, etc- and worked through those.
If possible, I'd recommend that you take both and then decide which score you want to send to the MBA program.
Oh, and I took Kaplan and it helped.
I actually ended up getting a full ride for the MPL but no grant/scholarship for the MBA- although I can't attribute it solely to my GMAT score (700) as I applied late and didn't have very strong work experience.
Also, if you do end up taking both tests, make sure you don't select the option to have the program immediately notified of your scores- unless, of course, the program requires that you do so.
Funny, right after I opened this thread I started getting pop-up ads for "GMAT"
Slave to the Rhythm
Like Mark said, definitely speak to the admissions people and see what they are looking for in the ideal MBA candidate. Some schools get a ton of candidates with high math scores, so a good way to distinguish yourself is to do really well on the verbal sections. I mean, you definitely want to achieve a minimum threshold for your math score to prove that you are competent in math and can handle the quant classes, but a strong verbal score could make you more desirable especially if it is combined with strong essays. This just reflects a personal observation that MBA programs are looking for more well-rounded candidates and not just human calculators.
Here's just a thought: as long as you are considering an MBA, why limit yourself to one program? Let's say you get into Stanford or Harvard, even though the short-term cost is higher, the long-term payoff could be greater. You'll only do the MBA once in your life, so think about it as a long-term investment.
In my own case, I was working for a company that paid full tuition AND books, but it meant doing the MBA part-time (evenings) while working full-time. I made the decision to quit my job and go to school full time, borrowing six figures. As a result, I graduated in May 2008, found a great job that I enjoy, and have put a big dent in those loans in the two years since; whereas if I had graduated a year later, in May 2009, I would have found a much more challenging hiring environment, and may not have found my current job.
In any case, whatever you decide, I wish you the best...
Last edited by ruse; 01-11-2011 at 12:47 PM.