The Graduate Management Admissions Test, or GMAT, is the most widely accepted MBA entrance exam, designed specifically for students who are planning to attend business school. This exam assesses an individual's mathematical, verbal and analytical writing skills. Score requirements vary according to school, and are often dependent upon the competitiveness of the program. The GMAT must be taken within five years of the date of application.
The Graduate Record Examination, or GRE, is accepted as an MBA entrance exam by some schools in place of the GMAT. The exam assesses an individual's quantitative reasoning, verbal reasoning, analytical writing and critical thinking skills. Although the exam is intended for graduate school applicants, these skills are also considered essential for prospective business school students. Score requirements vary according to school and may depend on how competitive the program is. Like the GMAT, the GRE must be taken within five years of the date of application.
The Test of English as a Foreign Language, or TOEFL, may be required in addition to the GMAT or GRE exam. The test is generally only required of applicants who do not speak English as their first language; it may not be required for individuals who have obtained a degree from a college where English was the primary language of instruction. MBA applicants who speak a foreign language should find out if they are required to take the TOEFL.
It is important to note that taking one of the required MBA entrance exams does not guarantee acceptance into a degree program. An applicant's grade point average (GPA), letters of recommendation, a statement of purpose and a resume outlining work experience are also taken into consideration during the application process. An interview is also generally required. Since MBA programs tend to be competitive and limited spaces may be available, meeting the minimum score requirements on entrance exams does not ensure a spot in a program.