Are you planning to do your graduation abroad? If so, you would need to appear for certain entrance exams to qualify. In this regard, you might be confused between two common entrance tests – the GRE (Graduate Record Examination) and the GMAT (Graduate Management Admission Test). If so, don’t worry for you are not alone. A lot of students tend to get confused between these two entrance exams. Now, this confusion should not stand in the way of you getting the kind of education you want. To help you gain a better understanding, we look at the key differences between the GRE and GMAT.
The GRE is admissible for graduate schools that offer varied courses, including some business schools. If you are not sure about which stream you wish to pursue your higher studies in yet but want to apply nevertheless, then it would be advisable to go for the GRE.
The GMAT, on the other hand, is applicable only for admissions in business schools. Aim for the GMAT if you are sure about pursuing a business degree.
Business schools that accept GRE scores as well as GMAT scores may give an edge to those with a GMAT as appearing for the latter generally indicates that the candidate was sure of pursuing business studies.
Both the exams have three common topics: Analytical Writing, Quantitative Reasoning, and Verbal Reasoning. However, the GMAT also has a section called Integrated Reasoning which is not present in GRE.
The GRE is structured around six sections. The Analytical Writing section is for 60 minutes, requiring two essays at 30 minutes each. Verbal Reasoning is divided into two 30-minute sections. Quantitative Reasoning is divided into two sections as well, with 35 minutes for each section. The last section is often experimental related to either Verbal or Quantitative Reasoning. This section may be placed after the Analytical Writing section and is often for the research purposes of the ETS (Educational Testing Service) the conductor of the test.
The GMAT comprises of four sections. There are two 30-minute sections of Analytical Writing and Integrated Reasoning Section. Next, there is one 62-minute Quantitative section and a Verbal section that is for 65 minutes.
The GRE scores are evaluated in the following way :
Quantitative Reasoning: 130 to 170 with 1-point increments
Verbal Reasoning: 130 to 170 with 1-point increments
Analytical Writing: 0-6 with 0.5 increments
For GMAT, the overall score ranges from 200 to 800 in 10-point increments.
Presently, the GRE general test costs around $213 which amounts to around Rs 14,699. And if you are planning to do a GRE subject test, then the cost would be around $150 or around Rs 10,576. For Indian students, the GMAT costs $250 or around Rs 18,356.
Apart from these, additional charges might be incurred for special requests, cancellation, and rescheduling. The costs may be subject to changes depending upon the exchange rate and notices issued by the institutes that organize the tests.
If you are unsure about which test to go for, you could take practice tests for each. This will help you understand which test would be more suitable for you. You may also speak to an education counsellor for further guidance so that you make the right choice.
Now that you are aware of the key differences between the GRE and the GMAT, you would want to look at another important aspect of your higher studies – finance. An education loan from Avanse can help you in this regard. Along with your academic fees, pre-admission expenses such as entrance exams fees, admission application fees, consultation charges and other related expenses will also be covered under our education loan. Get in touch today for further details!