GMAT or GRE for the Cambridge MFin: what you need to know

The GMAT and GRE are computer-based, multiple choice assessments typically used by business schools for graduate programmes.

The format of the traditional GMAT has recently changed to the GMAT Focus Edition. This measures verbal reasoning, quantitative reasoning (we tend to pay particularly close attention to this) and data insights. The GRE tests for similar skills, including analytical writing, verbal reasoning and quantitative reasoning. Candidates apply online via one of the two test administrators and carry out the test online.

The answer, in general, is no. A GMAT or GRE isn’t normally required for the MFin at Cambridge Judge but can lend weight to an application with borderline academic scores. We look for a high UK 2:1 (or the overseas equivalent), so a GMAT or GRE can support applications with a mid 2:1. We may also ask for a GMAT or GRE if candidates have a degree in a very different subject area.

We don’t have a preference and find that the tests are quite similar, so it’s completely up to the candidate. It’s more the score they achieve that we’re interested in.

The UK GMAT Focus Edition costs £250 in a UK centre and £275 online. The GRE costs $150 worldwide (prices correct as of March 2025).

It’s rare that we’d explicitly ask for a GMAT or GRE, but we do reserve the right to do so at any point in the admissions process. Generally, this would be after the interview, at the offer or post-offer stage.

There are free study materials and mock tests available online for the GMAT on the Graduate Management Admission Council (GMAC) website and you can also find online materials and study books for the GRE.

Generally speaking, a strong overall score would be in the 80^th percentile and above. But if we do require a GMAT or GRE, we usually accept scores over the 50^th percentile (sometimes we may ask for higher, depending on the circumstances). This is to check candidates have the technical ability to move forward and embark on the programme.

A low GMAT or GRE submitted as part of an application might be noteworthy, but ultimately if they meet our academic requirement through their undergraduate degree and have a strong application overall, it wouldn’t disqualify them.

There are many other things we take into account during the application process. This includes application essays (candidates are asked to describe their most significant career challenges and achievements), personal statements (explaining their motivation for the MFin and key skills they can bring) and academic and professional letters of recommendation.

Even with a borderline academic score (this normally means a mid 2:1, or equivalent), if candidates have a strong application in other areas, we might still progress them to interviews and let the faculty interviewer decide on the outcome. We also look at any extenuating circumstances. We take a holistic approach and we encourage candidates to still apply. We want to give everybody a fair chance.