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Trying to widen its applicant pool, the university will now allow B-school hopefuls to skip the GMAT for a less costly exam.

In a move aimed at helping potential B-school students who cannot afford the application costs, the Stanford Graduate School of Business will allow full-time MBA applicants to submit scores from the GRE in place of scores from the GMAT, according to Stanford’s Director of MBA Admissions Derrick Bolton.
Accepting GRE scores for all full-time MBA applicants is a novel idea that could have far-reaching implications. Admissions officers at other top schools like Wharton and Chicago will be watching closely to see how Stanford’s decision, which starts with the admissions cycle for the class entering in the fall of 2007, will play out.

Read the Article Here

Notes

Stanford Graduate School of Business has the following to say:

Although you must take the GMAT (and TOEFL, if applicable), or GRE before submitting your application, we only require that the test be taken before the deadline date of the round in which you apply. You self-report your scores on your application. If the AWA (Analytical Writing Assessment) score is not available, please leave this question blank. On the date of the test, you should instruct the testing service to send your official scores directly to Stanford so that they will reach us in time for that portion of the review.

This policy was announced in 2006. It will be helpful for the new aspiring applicants to know the number who applied with GRE score and their acceptance rate.

NBS

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