Since the 1950s, the GMAT has been the go to standardized exam for aspiring MBA students. But all of that seems to be changing. With the rapid rise of alternative MBA programs (online, hybrid, weekend, flex, evening, executive) and the intense competition between schools to recruit students, MBA programs—even the cream of the crop, are also opting for alternative routes to helping them predict how students will perform. In fact, top-tier schools such as Harvard, Yale, Stanford, Wharton, UC Berkeley, Duke, MIT, NYU, and Northwestern all accept GRE scores.
On the surface it would seem that the geographic location of the business school offering your MBA program should not matter. The degree is offered online, you don't need to physically attend classes, so who really cares if the school is based in New York City or Park Bench Arkansas?