The Graduate Record Exam (GRE) has historically been used for admissions to doctoral and masters programs, but, in recent years, a growing number of business schools have started accepting GRE scores in lieu of GMAT scores. The GMAT is used exclusively for admissions to MBA programs. The GRE has three sections, Analytical Writing, Verbal Reasoning, and Quantitative Reasoning Sections. The Analytical Writing section is scored on a scale from 0 to 6 and the Verbal and Quantitative Reasoning Sections are scored on a scale from 130-170. The highest score achievable on the GRE is 340.
The Analytical Writing Section of the GRE is nearly identical to the Analytical Writing Section on the GMAT; both have a 30-minute Analyze an Issue and Analyze an Argument question. Starting in June 2012, the GMAT will only have one 30-minute Analyze an Argument question.
The Verbal Section of the GRE consists of approximately 40 sentence completion, sentence equivalence, Reading Comprehension Multiple Answer, Reading Comprehension Sentence Highlighting, and Reading Comprehension Multiple Choice questions. The questions on the verbal section of the GRE do not have as great an emphasis on quantitative analysis as those on the GMAT.
The Quantitative Section of the GRE consists of approximately 40 Multiple Answer and Numeric Entry questions. There is not as great an emphasis on data analysis on the GRE as there is on on the GMAT.
Finally, there is no Integrated Reasoning section on the GRE. GMAC will be introducing a new Integrated Reasoning section to the GMAT starting in June 2012.
If your program will accept either a GRE score or a GMAT score, we recommend taking a practice test for both the GRE and the GMAT and seeing which test you score higher on.