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Hocking · 07-01-2008, 12:57 PM

I considered applying to at least >15 Finance PhD Programs for this year. Out of the >15 programs I was considering, I think only one would have accepted GRE scores. The others required that you take the GMAT, and they would not accept GRE scores.

I had taken the GRE two years ago when I was interested in applying to Economics PhD programs. So I had GRE scores, but the Finance Programs would not accept them. They needed GMAT scores to remain consistent.

The main reason for this is because the GMAT test is designed for business programs and these schools wanted to report GMAT scores for the people they admit in their programs. This impacts rankings and other areas of their programs. They do not want to report GRE scores at all because the score reporting is completely different for the GRE. There is no true conversion rule, so GRE scores would muddy their statistics.

If you are serious about applying to several Finance PhD programs, you are absolutely going to have to take the GMAT.

07-01-2008, 12:57 PM	#9 (permalink)
Hocking Trying to make mom and pop proud Join Date: Nov 2007 Posts: 25	I considered applying to at least >15 Finance PhD Programs for this year. Out of the >15 programs I was considering, I think only one would have accepted GRE scores. The others required that you take the GMAT, and they would not accept GRE scores. I had taken the GRE two years ago when I was interested in applying to Economics PhD programs. So I had GRE scores, but the Finance Programs would not accept them. They needed GMAT scores to remain consistent. The main reason for this is because the GMAT test is designed for business programs and these schools wanted to report GMAT scores for the people they admit in their programs. This impacts rankings and other areas of their programs. They do not want to report GRE scores at all because the score reporting is completely different for the GRE. There is no true conversion rule, so GRE scores would muddy their statistics. If you are serious about applying to several Finance PhD programs, you are absolutely going to have to take the GMAT.