If you are thinking about Business school or law school keep an eye on the application deadlines. For many schools it is in your best interest to apply early in the process when there are more seats available. The GMAT is the test required for MBA programs and the LSAT is required for law schools. LSATs are given on specific test dates and the scores take weeks to receive. The GMAT is flexible and can be taken more in line with the prospective students schedule. Scores for the GMAT are received by schools approximately 20 days after the exam. Unofficial scores are immediately available to the test taker.
For more information on the GMAT:
For more information on the LSAT: