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I want to do MS in finance - UK or US. I am a post graduate in commerce from India, with 66% marks. I did my dissertation on mutual funds. However I have got only 45% marks for Security Analysis paper (I fell ill during the exam and I can get good reference letters from my teachers). I have 68% marks for Quantitative techniques and Operations Research. I have 2 years experience as a Lecturer at Post Graduate level. What are my chances for getting a place in a good university in US or UK if I am able to get a 700+ in GMAT. I am quite comfortable with numbers.
I would agree, for the most part when you enter a Masters in Finance program you will not be aplying to a business school, and thus most programs require the GRE. Programs have started to accept the GMAT but this is actually a relatively new trend (the past 3-5 years) and some still only take the GRE.
When it really comes down to it though, you need to set yourself apart by taking the Subject GRE Math test and scoring above 800 (out of 990). At any rate, your quant scores on the GRE or GMAT should be in the 90th percentile to even be considered competitive.