ICON+

A writer for the BusinessWeek B-School blog reported that Harvard will no longer require its MBA applicants to submit GMAT scores. Instead it will allow applicants to submit either GMAT or GRE scores. In 2006, two other top tier business schools, Stanford and MIT, are also allowing applicants to submit the GRE.

ETS, the organization that administers the GRE “predicts the floodgates will open now that Harvard has taken the plunge.” David Payne, a vice president at ETS, adds that 220 business schools already accept the GRE and the ETS believes that “the number will go through the roof over the summer and into fall…other schools will say: if it’s good enough for Harvard, then it’s good enough for our institution.”