Department of Finance - Test Requirements

Test Requirements

The Graduate Management Admissions Test (GMAT) and the Graduate Record Examination (GRE) are computer-based standardized assessments delivered in English that serve as uniform standards of measurement for applicants. The GMAT and the GRE are acceptable tests for applicants to the Ph. D. in Business Administration program with a specialization in finance. Applicants’ scores should be very competitive regardless of whether the GMAT or the GRE is taken.

GMAT Information

The GMAT is a computer-adaptive test that measures general verbal, mathematical and analytical writing skills. GMAT scores range from 200 to 800 and are valid for five years from the test date.

The average GMAT score of students in the finance doctoral program is approximately 700. The more competitive students have scores from 650 to 770, and the Department of Finance Ph.D. Admissions Committee prefers GMAT scores of 650 or higher.

The GMAT website provides information on how to prepare for the GMAT and how to register for a test date and location. You may want to check your local area for additional test preparation resources.

ASU's GMAT Institutional Code is 0GZ-1R-80.

GRE Information

The Graduate Record Exam (GRE) measures verbal and quantitative reasoning, critical thinking and analytical writing skills. GRE scores range from 200 to 800. The analytical writing component ranges from 0 to 6.

The GRE website provides additional information on the GRE and how to register for the test date and location.

ASU's GRE Institutional Code is 4007. The Department Code for the GRE is 000.

Score Submission

In the online application you will be asked to report both the score number and percentile obtained for the verbal, quantitative and analytical sections of the GMAT/GRE. The official test scores, however, must be reported directly by the testing organizations to the ASU Graduate College.

GMAT and GRE Preparation Classes

The Graduate College offers GMAT and GRE preparation classes. Refer to the College’s Explore Graduate School Seminars page.