GMAT Studies for a New Exam

source:- http://www.businessweek.com

That's not to say that GMAC is sitting on the sidelines while ETS makes inroads into the testing arena. The group is hard at work on developing a new-generation GMAT exam. GMAC recently asked 740 business school faculty around the world about how the exam could be enhanced and improved. The results of the redesign will be unveiled in 2013, Wilson says, and will result in a test that is "better tied to skills students need in this new era."

For now, it appears that the majority of business schools are still playing it safe, with most of GMAT's 1,700 member schools using the GMAT exclusively. But hundreds of business schools are watching carefully from the sidelines to see how the turf war between ETS and GMAC plays out.

Stuart Lipper, dean of Fordham University's Graduate School of Business(Fordham Full-Time MBA Profile)—which allows applicants to submit only the GMAT for admissions—is one of these spectators. For now, he says the school is taking a "wait-and-see attitude" about allowing students to submit the GRE.

"I think you have some of the leading schools that can afford to play around a little," Lipper says. "We can't afford to do that. At a school like ours, I think we feel we sort of have to play by the rules a little more."