Kак и в случае с постплением в немецкие уни сама школа или уни к которому она относится обычно определяeт как учитывать или не учитывать этот языковой экзамен. Большинство Graduate Schools требуют "English Proficiency", что вообще-то больше говорит в пользу CPE, но различные языковые школы пишут, следуя ЕSOL примерно следующее:
"What is the CAE?
The FCE is administered the University of Cambridge English for Speakers of Other Languages (ESOL).
It is a lower advanced level test of your English ability. A pass is equivalent to IELTS: 6.5 - 7.5, TOEFL: 580 - 620 (paper test), TOEFL: 233 - 250 (computer test), or TOEIC: 800 - 900.
A pass will prove that you have a good command of English vocabulary and grammar. You can apply English confidently in education, social and professional settings. It will also show that you can use your English language skills in a range of culturally appropriate ways.
Why should I take the CAE?
1. Applying to many degree and diploma courses at established universities is possible.
2. Employers understand that you are able to apply English in most professional settings.
3. You will be ideally prepared to study for the Certificate of Proficiency in English (CPE)."
Judge Business School (University of Cambrige) пишет следующее:
"English Proficiency
The MBA programme is taught entirely in English, and it is important that you can read, write, speak and understand English fluently. If you are a non-native English speaker you must provide us with evidence of your fluency in English. We prefer you to take IELTS (International English Language Testing System) as this tests all skills, but we will also accept TOEFL (Test of English as a Foreign Language), CPE (Certificate of Proficiency in English) and CAE (Certificate in Advanced English). Please note that these tests are generally only valid for two years.
Our minimum entry requirements for these tests are:
* IELTS - 7.0 with no band below 6.0
* TOEFL (paper based) - 600 with 5.0 in the essay
* TOEFL (computer based) - 250 with 5.0 in the essay
* TOEFL (internet based) - 100 with 5.0 in the essay
* CPE - A or B
* CAE - A
You must arrange for us to receive an original of your IELTS / TOEFL / CPE certificate, not a copy. Our TOEFL code is 0908 02."
Так что зависит еще от оценки, которую Вы получили. Я бы предложил обратиться непосредственно в школу.