<p>Obviously for schools that don't require them they count for very little</p>
<p>But for schools that require them I've heard conflicting reports</p>
<p>Some say its valued less than GPA, Rank, SAT, and even ECs</p>
<p>Some say they are very important</p>
<p>Some say they don't believe they are even considered for admission (outside the ivies), and are more so for placement. </p>
<p>I tend to agree with the first theory - I think they are considered, but aren't heavily valued. Mainly because lets say your applying for the school of business at a school, and you are forced to take 2 subject tests, there aren't any business related subject tests.</p>