Just like students had to earn a ranking by taking the SAT or ACT to get into college for their undergraduate degrees; you are often required to take a different exam for MBA admissions, especially to get into top business schools. Those who want to attend law school have to take the LSAT. Those who want to get a master’s in science or engineering take the GRE. And, if you are a student who wants acceptance to a competitive MBA program, then you’ll most likely have to take the Graduate Management Admission Test (GMAT exam). This is a requirement for success on applications for most MBA and business programs.