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A year or two ago, using the GRE for low GMAT scorers was a good strategy, since the rankings boards were not including GRE scores in the school's test averages. Now, however, I am hearing that schools must submit a converted GRE to GMAT score and average that in with all the other GMAT scores. In short, unless you can get into Stanford's 80% range on GMAT, either directly or with a converted GRE score, you will not have much chance. Simply too many other fully qualified candidates for them to choose from.