A number of schools accept the GRE as a substitute for the more commonly accepted GMAT test. If you are planning on taking the GRE and planning on applying during Round One then this post is urgent, time-sensitive reading!
Starting on August 1, 2011 the GRE Revised General Test will replace the current GRE General Test. Of critical importance is that people taking the revised exam will not be able to get their scores until after November 2011 — which will be too late for Round 1 applications.
Educational Testing Service, who administer the GRE, are promoting the GRE Revised General Test as having a more friendly design, new types of questions and, if you test in August or September 2011, a 50% savings on your test fee.
But — to repeat — if you need your GRE score reports before November, take the current GRE General Test before August.
Read more about the changes and book your test via the ETS website.