SOURCE: EDUCATIONAL TESTING SERVICE

Educational Testing Service

August 19, 2009 08:00 ET

NYU Stern School of Business and Wharton to Accept GRE® General Test Scores for MBA Admission

PRINCETON, NJ--(Marketwire - August 19, 2009) - New York University Stern School of Business (NYU Stern) has announced that it will begin accepting GRE® General Test scores for admission into its full- and part-time MBA programs for the fall semester 2010. The Wharton School of the University of Pennsylvania plans to accept GRE scores in the fall semester 2010 for the fall admission class of 2011, as reported by BusinessWeek.

The official announcement by NYU Stern highlights a growing trend among top business schools of accepting GRE scores for admission into MBA programs.

The GRE General Test is now being accepted by programs in more than 250 business schools including seven of the top 10 global MBA programs, according to the Financial Times. These are The Wharton School of the University of Pennsylvania (fall 2010), Harvard Business School, Stanford Graduate School of Business, Instituto De Empresa (IE), China Europe International Business School (CEIBS), Massachusetts Institute of Technology (MIT) Sloan School of Management, and NYU Stern.

Other programs that have recently decided to accept GRE test scores include the University of Virginia's Darden School of Business, ranked in the 2009 top ten by Forbes, and Queen's School of Business in Canada, which is ranked as the number one MBA program outside the U.S. by BusinessWeek.

"Accepting GRE scores makes good business sense," says David G. Payne, ETS Vice President and COO for College and Graduate Programs. "Opening admissions to students who wish to submit GRE scores will improve the size, diversity and quality of the applicant pool and student body. These are the kinds of tangible benefits that business schools value and what the global business community increasingly demands to meet the challenges of the 21st century."

Payne believes the GRE® Comparison Tool for Business Schools and the recent introduction of the ETS® Personal Potential Index (ETS® PPI) have helped to drive interest in the GRE exam by MBA programs and graduate business schools.

"Professional and graduate schools, especially MBA programs, place a high value on critical personal attributes like ethics and resilience," Payne explains. "Designed to measure these skills, ETS PPI has drawn a lot of attention from graduate and professional programs that are seeking to recruit the very best and brightest."

The GRE Comparison Tool for Business Schools, launched last October, provides a predicted Graduate Management Admission Test® (GMAT®) Total Score from GRE Verbal Reasoning and Quantitative Reasoning scores.

"The GRE Comparison Tool is very helpful to us," explains David Bach, Associate Dean of MBA programs at Instituto de Empresa (IE) Business School. "The fact that it is accessible online makes the admissions review process easier, too."

For more information about GRE for business schools visit www.ets.org/gre/business.

About ETS

At nonprofit ETS, we advance quality and equity in education for people worldwide by creating assessments based on rigorous research. ETS serves individuals, educational institutions and government agencies by providing customized solutions for teacher certification, English-language learning, and elementary, secondary and post-secondary education, as well as conducting education research, analysis and policy studies. Founded in 1947, ETS develops, administers and scores more than 50 million tests annually -- including the TOEFL® and TOEIC® tests, the GRE® tests and The Praxis Series™ assessments -- in more than 180 countries, at over 9,000 locations worldwide. www.ets.org

GMAT is a registered trademark of the Graduate Management Admission Council.