Will Top B-Schools Dump Standardized Tests?
We have several reasons for our belief. Affordability is much less of an issue to a very large portion of the business school applicant pool. (An applicant pool that is projected to grow this coming year too!) Hence, we don’t believe the diversity of the b-school applicant pool grows outside of those applicants who are poor test-takers.
Additionally, there is some evidence the test scores can predict academic success in MBA programs. Furthermore, both the GRE and GMAT are offered online which eliminates COVID-19 risks. And, finally, let’s not forget that top-ranked MBA programs are cash cows for their universities. Given that most applicants don’t seem too bothered by taking a standardized test, why would a school want to risk a drop in the published rankings that go a long way toward determining the health of said cow?