Quote:
Originally Posted by Hocking
You are going to find that many Economics Programs will require you to take the GRE, and many Finance Programs will require you to take the GMAT.
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I would take a slightly different tack here. While I did not apply to any Finance department myself (I applied to Business Economics & Strategy), as best as I can remember from my research, you could get by without taking the GMAT and taking just the GRE. There may be a occasional school where the Finance program will not accept the GRE but then you have to weigh the time and money costs of taking the GMAT for just that one school versus the gains from applying to that school. Not including the time that you would spend on taking the GMAT, the registration costs for the test are also not insignificant at $250! Furthermore the cost of each additional score reporting for the GMAT is much higher than those for the GRE. Last year when I applied, I believe the cost to send your test scores to any school beyond the first four that you can select during the test were ~ $28 per school for the GMAT as compared to $15 per school for the GRE. Net net the GMAT is a much more expensive proposition.