GMAT vs. GRE for HSW

For someone on the IB + PE path aiming for top business schools like HSW (Harvard, Stanford, Wharton), the GMAT is generally preferred and often expected. Here's why and what you should consider:

1. Perception in Admissions:

   • The GMAT is seen as the gold standard for MBA admissions, especially for candidates from traditional finance backgrounds like IB and PE. Admissions committees may view a strong GMAT score as a signal of quantitative and analytical ability, which is critical in these fields.
   • While schools claim to treat the GRE and GMAT equally, the GMAT can sometimes carry more weight for candidates in competitive pools, such as those with finance experience.

2. Differentiation:

   • The GRE has a "ceiling" in terms of differentiation. Many applicants score highly on the GRE, making it harder to stand out. On the other hand, the GMAT allows for more differentiation, especially with a high quant score, which is crucial for finance professionals.

3. Your Strengths:

   • If you feel significantly stronger at the GRE, it might be worth considering. However, you should weigh this against the potential perception issue. If you do choose the GRE, ensure you have other ways to demonstrate your quantitative skills, such as a strong academic record in quant-heavy courses or certifications like the CFA.

4. Practical Advice:

   • Take a practice test for both the GMAT and GRE to see where you stand. If your GMAT score is competitive (e.g., 700+), it might be worth sticking with it. If the GRE is significantly higher, you could consider it, but be prepared to address why you chose it if asked during interviews.
   • Remember, the GMAT can be a grind, but it’s often worth the effort for candidates in your position.

5. Exceptions:

   • If you have a non-traditional background or weaker quant skills, the GRE might be a better option. However, for someone with IB + PE experience, the GMAT is typically the safer bet.

Ultimately, play to your strengths, but keep in mind the expectations and perceptions of top business schools for candidates from your background. If you're struggling with the GMAT, the GRE can still be a viable option, but ensure you have a strong overall application to compensate.

Sources: Opinion: Screw the GMAT, Take the GRE, Opinion: Screw the GMAT, Take the GRE, Ask mbaMission about Business School Admissions, Career switch from journalism to finance...how to go about?, Applied 19x to Elite MBA programs.....this is what I learned