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The Graduate Record Examinations (GRE) is a standardized test that is an admissions requirement for most Graduate Schools in the United States. The GRE is owned and administered by Educational Testing Service (ETS) who created it in 1949. According to ETS, the GRE aims to measure verbal reasoning, quantitative reasoning, analytical writing, and critical thinking skills that have been acquired over a long period of learning. The content of the GRE consists of certain specific algebra, geometry, arithmetic, and vocabulary. The GRE General Test is offered as a computer-based exam administered at Prometric testing centers.
In the graduate school admissions process, the level of emphasis that is placed upon GRE scores varies widely between schools and between departments within schools. The importance of a GRE score can range from being a mere admission formality to an important selection factor.
The GRE was significantly overhauled in August 2011, resulting in an exam that is not adaptive on a question-by-question basis, but rather by section, so that the performance on the first verbal and math sections determine the difficulty of the second sections presented. Overall, the test retained the sections and many of the question types from its predecessor, but the scoring scale was changed to a 130 to 170 scale (from a 200 to 800 scale).
The cost to take the test is US$205, although ETS will reduce the fee under certain circumstances. They also promote financial aid to those GRE applicants who prove economic hardship. ETS does not release scores that are older than 5 years, although graduate program policies on the acceptance of scores older than 5 years will vary.
The Graduate Management Admission Test (GMAT) is a computer adaptive test (CAT) intended to assess certain analytical, writing, quantitative, verbal, and reading skills in written English for use in admission to a graduate management program, such as an MBA. It requires knowledge of certain specific grammar and knowledge of certain specific algebra, geometry, and arithmetic. The GMAT does not measure business knowledge or skill, nor does it measure intelligence. According to the test owning company, the Graduate Management Admission Council (GMAC), the GMAT assesses analytical writing and problem-solving abilities, while also addressing data sufficiency, logic, and critical reasoning skills that it believes to be vital to real-world business and management success. It can be taken up to five times a year. Each attempt must be at least 16 days apart.
GMAT is a registered trademark of the Graduate Management Admission Council. More than 5,900 programs offered by more than 2,100 universities and institutions use the GMAT exam as part of the selection criteria for their programs. Business schools use the test as a criterion for admission into a wide range of graduate management programs, including MBA, Master of Accountancy, and Master of Finance programs. The GMAT exam is administered in standardized test centers in 112 countries around the world. According to a survey conducted by Kaplan Test Prep, the GMAT is still the number one choice for MBA aspirants despite the increasing acceptability of GRE scores. According to GMAC, it has continually performed validity studies to statistically verify that the exam predicts success in business school programs.
The SAT is a standardized test widely used for college admissions in the United States. Introduced in 1926, its name and scoring have changed several times; originally called the Scholastic Aptitude Test, it was later called the Scholastic Assessment Test, then the SAT I: Reasoning Test, then the SAT Reasoning Test, and now, simply the SAT.
The SAT is owned, developed, and published by the College Board, a private, not-for-profit corporation in the United States. It is administered on behalf of the College Board by the Educational Testing Service, which until recently developed the SAT as well. The test is intended to assess students’ readiness for college. The SAT was originally designed to not be aligned with high school curricula, but several adjustments were made for the version of the SAT introduced in 2016, and College Board president, David Coleman, has said that he also wanted to make the test reflect more closely what students learned in high school.
On March 5, 2014, the College Board announced that a redesigned version of the SAT would be administered for the first time in 2016. The current SAT, introduced in 2016, takes three hours to finish, plus 50 minutes for the SAT with essay, and as of 2017 costs US$45 (US$57 with the optional essay), excluding late fees, with additional processing fees if the SAT is taken outside the United States. Scores on the SAT range from 400 to 1600, combining test results from two 800-point sections: mathematics, and critical reading and writing. Taking the SAT, or its competitor, the ACT, is required for freshman entry to many, but not all, colleges and universities in the United States.