Monthly Archives: February 2015

MBA Acceptance Rate by Application Round

An updated MBA acceptance rate by round analysis article can be found here which includes application data from the class 2017 and 2018.

Some business schools have roughly the same acceptance rate during all rounds while others see a significant drop off in later rounds. With applications for round 3 due in the next month or two, this analysis may help you decide which schools to focus on and which to avoid. Here is a list of the top 20 schools’ MBA acceptance rates by application round. The data for this analysis came from GMAT Club, which may be a biased sample. People on GMAT Club tend to have higher GMAT scores than the general applicant pool, so the acceptance rate can be significantly higher for some schools. The acceptance rates are meant to give you an idea of the relationship between rounds, not the absolute acceptance rate. These numbers are raw and not adjusted for other variables such as GMAT and GPA.

MBA Acceptance Rate by Round

The first table is MBA acceptance rates by round ordered by school ranking. The acceptance rates that have a star next to them means that the sample size is very small and might not be very accurate.

US News RankSchoolRound 1Round 2Round 3Round 4
1Stanford8%5%2%-
1Wharton19%16%0%*-
1Harvard12%6%4%-
4Booth29%25%15%-
5MIT16%11%--
6Kellogg26%23%20%*-
7Haas17%17%6%
8Columbia23%20%--
9Tuck28%29%22%9%
10NYU29%27%21%
11Ross41%42%38%*-
11Darden32%33%16%-
13Yale24%27%9%-
14Duke31%33%21%-
15McCombs38%36%28%-
16Anderson26%34%9%-
17Johnson39%36%37%-
18Tepper24%38%43%-
19Kenan-Flagler36%40%60%-
20Emory26%40%37%-

Schools with Significantly Lower Round 3 Acceptance Rate

Many of the top 20 MBA programs have significantly lower acceptance rates in round 3 to the point where it is better to wait until next year to apply. Harvard, Stanford and Wharton, the number one ranked schools, have a large decrease in acceptance rate for round 3. Only 2% to 3% of applications for these schools are in round 3 because everyone knows that acceptance rates are so low. Haas, Yale, Duke, UVA and UCLA also see a significant drops in round 3 admissions compared to earlier rounds. Dartmouth has a respectable round 3 acceptance rate of 22%, but a very low 9% chance of admission for round 4.

Schools with Similar or Higher Round 3 Acceptance Rate

While many schools have a lower acceptance rate for round 3, there are several schools that don’t have a drop off in response. Ross, Cornell, and Emory all have similar admission odds for the third round, while Tepper and UNC actually have a higher acceptance rate for round 3.

Round 3 MBA Acceptance Rate Ranking

This is the the same table as the first one but ranked by round 3 acceptance rate from highest to lowest. Some schools have a round 4 that I did not include, because the sample size was too small. I combined round 4 applications with round 3 except for Tuck because Dartmouth actually had a large number of round 4 applicants.

Round 3 RankSchoolRound 1Round 2Round 3Round 4
1Kenan-Flagler36%40%60%-
2Tepper24%38%43%-
3Ross41%42%38%*-
4Johnson39%36%37%-
4Emory26%40%37%-
6McCombs38%36%28%-
7Tuck28%29%22%9%
8NYU29%27%21%
8Duke31%33%21%-
10Kellogg26%23%20%*-
11Darden32%33%16%-
12Booth29%25%15%-
13Yale24%27%9%-
13Anderson26%34%9%-
15Haas17%17%6%
16Harvard12%6%4%-
17Stanford8%5%2%-
18Wharton19%16%0%*-
19MIT16%11%--
19Columbia23%20%--

The most surprising number is  UNC Kenan-Flagler’s round 3 acceptance rate of 60%, which is significantly higher than that of round 1 and 2. I looked at the GMAT and GPA for each round to see if they would explain the high admissions in round 3, however they were both slightly lower than other rounds. I can’t explain why UNC round 3 acceptance rate is so high, but it is a great school to apply to in the third round.

Kenan-Flagler UNC MBA Acceptance Rate by Round GMAT GPA Admissions Statistics

By request, below is the GMAT, GPA and age for Harvard and Booth by round. Round 3 data does not have a ton of data, so take this with a grain of salt.

SchoolVariableR1R2R3
BoothGMAT735739728
BoothGPA3.613.623.58
BoothAge272829
HarvardGMAT735728720
HarvardGPA3.613.573.54
HarvardAge272727

* Sample size is 30 or fewer applications.

Tuck Acceptance Rate Analysis

Tuck School of Business is a top MBA program with a competitive admissions process. The Tuck acceptance rate is low, at 20%. Unlike most other top MBA programs, Tuck is a self initiated interview. Anyone who visits campus can schedule an interview. In this article I will discuss which factors impact Tuck acceptance rate.

Tuck Acceptance Rate by GMAT

Tuck Acceptance Rate by GMAT Dartmouth MBA AdmissionsGMAT score has a large influence on Tuck acceptance rate. The average Tuck GMAT score is fairly high at 716. Adding a hundred points to your GMAT more than doubles your chance of admission. Even with a low GMAT of 650, acceptance rate at Dartmouth is still more than 10%, unlike Harvard where you need a 740 to have a 10% chance of admission.

Tuck Acceptance Rate by GPA

Tuck Acceptance Rate by GPA Dartmouth MBA AdmissionsThe average Tuck GPA is a solid 3.5. It is clear that applicants with a higher GPA have a better chance of being accepted. Once graduated, GPA is set in stone, so you might as well focus on increasing your GMAT which can still be increased.

Tuck GMAT vs. GPA

Tuck Acceptance Rate GMAT vs GPA Dartmouth MBA AdmissionsNext we look at whether Tuck prefers a high GMAT or a high GPA. The graph above shows that applicants with a high GMAT have a slightly better chance of being admitted than an applicant with a high GPA. The difference is so small that it is not very important.

Tuck Acceptance Rate by Application Round

Tuck Acceptance Rate by Round Dartmouth MBA AdmissionsAs you can see in the graph above, the round you apply to Tuck does influence acceptance rate significantly. Round 1 and 2 have a similar admission rates of around 24%. Round 3 acceptance rate starts to drop off noticeably to 18% but not much below the 20% average acceptance rate. The Tuck acceptance rate for round 4 is extremely low, at 8%. Unless you have an incredible application or are desperate to leave your current job for business school, I recommend avoiding round 4 and waiting for the next year.

Tuck Acceptance Rate by Years of Work Experience

Tuck Acceptance Rate by Years Work Experience Dartmouth MBA AdmissionsTuck values applicants that have a longer work experience. Each year of work experience raises your chance of admission by a little more than 1%.

Tuck Acceptance Rate by Age

Tuck Acceptance Rate by Age Dartmouth MBA AdmissionsSimilar to other schools such as Columbia, Duke, Cornell and Booth, Tuck prefers applicants who are around 28 years old. I believe that this is because they have enough work experience to draw on during school but are not too old to be placed at companies during recruiting. In the above graphs I look at age and years of work experience separately, however in reality they are closely related.

Adjusted Tuck Acceptance Rate by Age Dartmouth MBA AdmissionsIn the graph above I adjusted the original acceptance rate by age graph and added in the impact of work experience. For simplicity I assume that everyone graduates at 22 and works full time from graduation until they apply for business school. When these two factors are combined, you see that older applicants have a large advantage compared to younger applicants.

Other Tuck Admissions Factors

There are a few other factors that affect your chance of admission to Tuck. International applicants (excluding India) have a significantly higher chance of admission, at 28% acceptance rate. Applicants that worked in Venture Capital are especially prized at Tuck, with an impressive 47% chance of admission.

If you are thinking of applying to Tuck, be sure to check out my Tuck Interview Question Guide so you know what questions to expect. The data for this analysis came from GMAT Club.

Stern Interview Preparation Guide

NYU Stern Interview MBA Business SchoolStern Interviewed me back in December 2013. I am happy to say that I was accepted. I used Clear Admit to prepare, and it was very helpful. I felt ready and don’t remember being caught off guard by any questions. I have created a list of the most common questions you can expect during a Stern interview because I want to help all of my potential future classmates. Most Stern interviews are around 30 minutes and conducted by an admissions staff member who has read your full application. My first question was about a unique activity that I participate in that I mentioned in the application. When you arrive, you will receive a folder with information about clubs/programs you mentioned you would be interested in. You will also be given a Stern shirt so you can show your pride if you are admitted. My Stern interview was right before winter break so I didn’t hear back for almost 3 weeks, but often candidates get their decision in as little as a few days. Don’t forget to bring a copy of your transcripts, your application cannot proceed without them. I forgot mine and had to overnight them when I got back home.

The Most Common Stern Interview Questions

  1. (63%) Why do you want to attend Stern?
  2. (63%) How did you come to work for XYZ company? Or why did you transition for XYZ company to ABC company?
  3. (53%) What is your back up plan if you don’t get a job in your desired post-MBA role?
  4. (42%) What programs would you get involved with at Stern?
  5. (37%) Describe a conflict you had at work (or challenging situation or time you failed) and how you overcame it.
  6. (37%) What is your proudest professional achievement?
  7. (37%) What companies do you want to work at post MBA? (Have a list of 5 companies and reasons for each one)
  8. (37%) How is your post MBA goal different from your current role?
  9. (32%) Where would you like to intern between your first and second year?
  10. (26%) How would your (friends, manager or colleague) describe you?
  11. (21%) What is the weakest aspect of your resume?
  12. (21%) If you are admitted to all of the schools you applied to, how will you decide which school to attend?
  13. (21%) Why do you want to get an MBA?
  14. (16%) How do you plan to market yourself to your target industry?
  15. (16%) Tell me about yourself or walk me through your resume.
  16. (16%) If 25 years from now you were asked to return to Stern to speak, how would you want to be introduced?
  17. (11%) What is your role within a team?
  18. (11%) What will you contribute to the class?
  19. What other schools are you applying to?
  20. What other schools did you apply to? How would you decide where to attend?
  21. What frustrates me the most at my current role?
  22. What role would I prefer to take (if any) in a student organization?
  23. Tell me about what you’ve learned working at your current company?
  24. What’s the best constructive criticism your boss has given you?
  25. What do you hope to learn from your future classmates?
  26. How did you choose to attend ABC for undergrad? What is your best memory of your time there?
  27. How did you first hear about Stern and in what ways did you learn about the school?
  28. What most surprises you about Stern?
  29. Is international experience important to me in my business school experience? Why?
  30. Tell me what you like to do in your free time.
  31. What do you like about New York? What neighborhoods would you consider living in?
  32. What would you change/enhance on the Stern website?
  33. What makes Stern’s culture different from other schools?
  34. During the first few weeks at Stern, how will you distinguish yourself from the other students?
  35. Why do your MBA in New York City? (about the city.. not the school)
  36. What do you bring to the class?

Any question that doesn’t have a percentage next to it I only saw once in interview reports. The one Stern interview question that rubs me the wrong way is the question about  your back up plan. As a member of the class of 2016, I wonder is it so common that Stern students fail to get the job they want post MBA that Stern need to ask almost every student this question?

If you are invited for a Stern interview, please let me know if this guide was helpful for you. Also, check out my guide on how to prepare for an MBA interview.

Other interview preparation articles:

MIT / Sloan Interview Preparation

Upenn / Wharton Interview Preparation

Tuck Interview Preparation

HBS Interview Preparation

Wharton MBA Interview Questions and Preparation

Wharton mba interview question and preparationWharton is tied for the number one business school in the world. If you are fortunate to be invited to interview for a spot in Wharton’s MBA program then you are very lucky. Unfortunately, only 47% of applicants interviewed for the Wharton MBA program will be accepted into the school. Given the lower than 50-50 chance of acceptance, you should prepare as much as possible for your Wharton interview. This guide will walk you what to expect during your team based discussion (TBD), your individual Wharton MBA interview as well as what are the most common questions asked during the interview.

What to Expect in Wharton MBA Interview

There are two components to a Wharton interview. First you will participate in the TBD, then you will have a one on one interview, typically with a second year MBA student who watched you during the TBD. I recommend showing up to your interview at least 30 minutes early. This will give you a chance to meet as many of the applicants as possible. Hopefully you will meet several of the applicants who will be in your team based discussion, which will make working with them easier.

The TBD will last roughly 35 minutes and there will be 4 or 5 other applicants in the interview with you. There will also be 2 second year MBA students observing you. One of the two observers will be your one on one interviewer. Each prospective student will be given 1 minute to introduce them-self and their idea for the prompt. Take notes during the prompt and probably throughout the entire discussion. Make sure you know everyone’s name or you will look like an idiot, so write everyone’s name down. After the introductions are over you have another 30 minutes to solve the problem.

If your idea is selected then great, if not then don’t worry, just play along with the group. This isn’t an idea contest, it is an opportunity to see how your interact in a group. You need to show that you can work well in a group. If you act like a jerk and try to force your idea down everyone’s throat then you will not get into Wharton.

If possible try to show leadership traits. This can be by proposing an agenda for the discussion. This could be assigning roles such as time keeper and note taker. Be sure to talk but not too much. And do not interrupt other applicants.

Wharton MBA Interview Questions

The personal interview will last 10 to 15 minutes and will be conducted by one of the two MBA2’s who observed your TBD. You will typically be asked 4 questions, but it can range from 2 to 6. Here is a list of Wharton interview questions as well as the probability that you will be asked it during the one on one interview. The Wharton MBA interview questions were collected from Clear Admit.

  1. (83%) How do you think the discussion went?
  2. (42%) Walk me through your resume / tell me about yourself.
  3. (42%) Did your behavior in the TBD reflect how you normally are?
  4. (25%) Why Wharton?
  5. (25%) Do you have any updates to your application?
  6. (25%) What clubs would you participate in here at Wharton?
  7. (17%) What is something that your group could have done better?
  8. (17%) Who I would want and NOT want on my team?

I found the the who you would not want on your team question especially difficult because I wasn’t expecting it. Even though it is a rare question, make sure you have an answer. Good luck in your Wharton MBA interview and be sure to check out my guide to preparing for MBA interviews.

HBS Interview Questions and Preparation

HBS Interview Questions and preparation Harvard MBAYou have just received your HBS interview invitation and now you realize that you need to prepare for one of the most important interviews of your life. After all the Harvard acceptance rate for those interviewed is still only 50%. This guide will tell you what to expect during the interview and what are the most frequently asked questions during a Harvard MBA interview. Be sure to spend ample time preparing, because you know that everyone else invited by Harvard to interview will be also.

What to Expect in the HBS Interview

The interview will be 30 minutes long and will be conducted by two admissions committee members. It can take place on-campus, off-campus hub, or even sometimes over skype. There are many Harvard MBA interview questions that pop up pretty frequently, but Harvard has a lot more variation in the questions they ask than other schools. Harvard is going to dig deeper and ask follow up questions, similar to a McKinsey behavioral interview. You can expect anywhere from 5 to 18 questions during the interview. On average Harvard will ask you 11 interview questions.

Harvard will ask a lot of detailed questions about your resume and essays. Expect the adcoms to have read your full application. They seem to ask a lot of questions about choices and transitions that you have made. They will ask not only why you made that transition but how you made the transition.

List of HBS Interview Questions

Here is a list of the most common Harvard MBA interview questions. It is compiled from Clear Admit interview reports. I calculated the probability of a person receiving each question in an interview so you know which questions to prepare for most. Sometimes they will ask a slight variation to the questions below.

  1. (70%) What are your weaknesses? What is negative feedback you have received? What do you struggle with?
  2. (60%) Why did you choose ABC employer or transition to ABC employer? How did you get XYZ job?
  3. (55%) Is there anything you wish we had asked?
  4. (50%) What are your long term goals / plans? What do you want to do post MBA?
  5. (45%) Tell me about yourself.
  6. (45%) Why did you pick your college?
  7. (45%) What are your strengths?
  8. (35%) Why get an MBA?
  9. (30%) Describe your industry and role? What do you make of XYZ new competitor in your industry?
  10. (30%) What do you do in your job? What does a typical day at your current job look like?
  11. (25%) What is your dream job (or internship)?
  12. (20%) Tell me about a challenge you have faced.
  13. (20%) Tell about a company outside of your area of interest that you appreciate?
  14. (15%) What do you like to do for fun? What do you do outside work?
  15. (15%) Was moving to the United States (or other country) hard? Did you experience a cultural shock?
  16. (15%) Why Harvard? How have you gotten to know us?
  17. (10%) Why did you pick your major? What was the process?
  18. (10%) How did you get these promotions?
  19. (10%) Tell me some more about your siblings or family.
  20. (10%) What would you do differently if you were CEO of your company?
  21. (10%) What’s an issue in the news you always follow?
  22. (10%) Did you visit an HBS class? What did you think?

Interestingly they don’t frequently ask why Harvard as much as other schools. Perhaps because Harvard is one of the most prestigious and hard to get into school in the world. You should prepare for at least the first 9 HBS interview questions on the list because you have a very high chance of being asked one of these questions. Be sure to read my guide on how to prepare for an MBA interview.

For students applying to Harvard undergrad, check out the Harvard acceptance rate analysis at College Admit Me.

MBA Interview Acceptance Rate Rankings

So you have just been invited to interview at the MBA school of your dreams. Obviously this raises your chance of getting in, but by how much? In general, top ten schools have lower MBA interview acceptance rates while schools ranked 11 to 20 have a higher acceptance rate for applicants who were interviewed.

MBA Interview Acceptance Rate by Rank

MBA Interview Acceptance Rate by Rank

Interview acceptance rate for Stanford, Harvard, Wharton, Booth, MIT, Kellogg, Hass, Columbia, Dartmouth, NYU, Ross, Darden, Yale, Duke, McCombs, Anderson, Cornell, Tepper, Kenan-Flagler, Emory

The acceptance rate ranges from 34% to 75% for schools in the top 20. The average MBA interview acceptance rate for the top 10 is 50% and it is 62% for schools ranked 11 to 20.

MBA Interview Acceptance Rate Rankings from Highest to Lowest

MBA Interview Acceptance Rate from Highest to LowestNYU jumps out as the highest acceptance rate by a wide margin. If you have been selected to interview at Stern then you can prepare to open a bottle of champagne because you are probably going to business school. No other school in the top 10 has an interview acceptance rate above 60%.

On the other end of the spectrum is Kellogg and Tuck with the lowest acceptance rates. These two schools will allow anyone who visits campus to interview, so it is not surprising that they admit significantly fewer applicants who are interviewed. Most of the top 10 schools have an acceptance rate clustered between 46% and 51%.

Duke has the lowest acceptance rate for a school not in the top 10 at 52%. The rest of the schools range from 57% to 68%,

Good luck and don’t forget to prepare for your MBA interviews!

Columbia MBA Acceptance Rate Analysis

The Columbia MBA acceptance rate is on the higher side for a top 10 school, at around 18%. Despite the deceptively high acceptance rate, Columbia is still a tough school to gain admission. I built a predictive model which can give you some insight into what the Columbia Business School admissions committee is looking for in applicants.

Columbia MBA Acceptance Rate by GMAT

Columbia MBA Acceptance Rate by GMAT CBS AdmissionsAs expected, Columbia MBA acceptance rate increases as GMAT rises. The average GMAT score is an impressive 719. Increasing GMAT score by 100 points from 650 to 750 increases odds of acceptance by 140%, which is a bigger benefit than MIT.

Columbia MBA Acceptance Rate by GPA

Surprisingly GPA has little to no affect on acceptance rate at Columbia. The average GPA of Columbia applicants is 3.49 while the GPA for those admitted is almost unchanged at 3.51. Stanford is the only other school where GPA doesn’t matter. For those of you out there with a low GPA and high GMAT, Columbia is a great school to apply.

Columbia MBA Acceptance Rate by Round

Columbia MBA Acceptance Rate by Round CBS AdmissionsThe round you apply in impacts Columbia MBA acceptance rate. At CBS, if you apply during Early Decision then you are forced to enroll if accepted. Columbia seems to be worried about yield for accepted students if they are forcing applicants to choose them. If you are serious about Columbia then consider applying Early Decision because you have a slight edge otherwise you might as well wait for regular decision. Columbia is actually rolling admissions, so the sooner you submit your app the faster you get your decision.

Columbia MBA Acceptance Rate by Age

Columbia MBA Acceptance Rate by Age CBS AdmissionsThe age at which you apply has a strong impact on your chance of admission. The best time to apply is when you are 27 or 28. The further a candidate is from the average age, the lower their chance of acceptance is. I believe that this is because candidates with around 5 years of work experience have worked long enough to impress potential employers and contribute to classroom discussion while not being over qualified for on campus recruiting positions. Duke, Cornell and Booth all have a similar age effect.

Other Admissions Factors

Liberal arts majors have roughly twice the acceptance rate as others. I don’t have gender in my data set but my hypothesis is that Columbia is trying to attract women which is why the acceptance rate is so high for liberal arts majors. Acceptance rate is higher for economics majors but lower for finance majors. Consultants also have a major advantage, with an impressive 30% acceptance rate.

Columbia MBA Acceptance Rate by GPA

I updated this article by request to show how Columbia acceptance rate changes by GPA. In the chart below you can see that from 3.0 to 4.0 the acceptance rate stays fairly stable, slightly above 20% for all GPAs other than 3.2 and 3.9. Shockingly the acceptance rate at 3.0 is actually higher than 4.0.Columbia MBA Acceptance Rate by GPA Business School Admissions

CBS Interview Invite Rate and Acceptance Rate by Round

Columbia Business School Interview Rates and Acceptance by Round

A reader asked me how applying early vs. regular affected an applicants chance of being invited to interview and accepted after interview. It looks like applying early does not improve an applicant’s chance of being interviewed but does raise the acceptance rate if invited to interview. Approximately 40% of applicants apply through early decision.

The data for this post comes from GMAT Club.

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MBA Admissions Process Advice

The MBA admissions process is long and difficult. It is no wonder that many people pay a lot of money to hire admissions consultants to help them with the process. This article will help you to understand the critical parts of the application process.

MBA Admissions Process Components

  1. GMAT
  2. Resume
  3. Recommendations
  4. Essays
  5. Application

This list of components for an MBA application is ranked from most important to least important as far as I’m concerned. Every school worth going to will have all of these components, if not more

  1. GMAT – All top MBA programs require the GMAT (or GRE). It is extremely important for admissions. If you want to be admitted to a top ten school then shoot for 700+. Preferably 720+ given that GMAT scores at top schools have been on the rise in recent years due to more international applications.
  2. Resume – The resume is made up of your work experience, leadership experience, undergraduate school and interests. The truth of the matter is that business schools care a lot about name brand for the companies you have worked at as well as the undergraduate school you attended. If possible try to work at a desirable company such as Google, Goldman Sachs or McKinsey but at the very least, try to have at least one company on your resume that a normal person will have heard of. For additional advice, check out my article on improving your resume.
  3. Recommendations – Your recommendations are critical! If any of your recommenders give you even lukewarm recommendations then you can kiss your acceptance goodbye. Everyone gets good recommendations because we all pick people that like us. It is helpful to pick alumni of the school if possible or at least people that have an MBA. Recommenders who don’t have an MBA probably won’t understand the process and what the admissions committee is looking for. If your recommender did not go to a top MBA school, spend some time explaining to them what schools are looking for in a recommendation.
  4. Essay – The essay is your chance to explain to the admissions committee why you are a good fit and why you need an MBA. You should do as much research as possible for each school before writing the essay so that you can tailor it to the school. In researching a school you should use their website, visit the school and network with currents students/alumni. I can’t stress enough networking with current students. They recently went through the same process that you will be going through and they know what the culture of the school is. If you really befriend a student they may even help you by editing your resume and essays, but don’t expect it. If I were you I’d avoid asking too much of the tour guide who shows your around because they meet hundreds of prospective students a month and don’t have enough time to spend helping every one. Instead I would ask the tour guide to connect you with a student who is in the area in which you are interested. For example, if I were applying again then I would email the tour guide and ask them to connect me with someone who knows about financial services consulting or maybe someone who did an internship at XYZ consulting company. This gives the guide the option of passing you off to a friend of theirs who doesn’t get as many emails from prospective students. That person will probably be willing to spend more time talking to you.
  5. Even after you have done all the other components of the application you will still have to fill out the actual application. It typically takes two or three hours and will require you to have all the information about each job you worked and degree you received. If you have ever gotten into trouble, most schools ask if you were ever on probation or arrested, so have an answer ready.

MIT MBA Acceptance Rate Analysis

MIT is one of the most selective business schools in the top ten after Stanford and Harvard. The MIT MBA acceptance rate is only 13%, however several factors can influence your chance of admission at Sloan. Now that I have finished my consulting interviews and secured some summer internship offers I have been able to turn my focus back to this website. I built a statistic model to predict the chance of admissions based on a few pieces of data. I plan to build an admissions calculator, but until then I’ll share with you some of the insights I learned about MIT MBA acceptance rate.

MIT MBA Acceptance Rate by GMAT

MIT MBA Acceptance Rate by GMAT Sloan AdmissionsAs you would expect, a higher GMAT increases your chance of acceptance at MIT. The average GMAT score at MIT is 713, which results in a 13% acceptance rate. Increasing your GMAT by 100 points from 650 to 750 would roughly double your chance of admission. Even with an 800, the acceptance rate is only 20%.

MIT MBA Acceptance Rate by GPA

MIT MBA Acceptance Rate by GPA Sloan AdmissionsGPA is also critical for admission into the Sloan School of Management. The average GPA is very high at 3.6. For each .10 change in GPA, the acceptance rate changes by roughly 1%. Obviously your GPA is likely already written in stone, so you should focus on increasing your GMAT instead.

MIT MBA Acceptance Rate: GMAT vs. GPA

MIT MBA Acceptance Rate by GPA vs. GMAT Sloan Business School

Most schools prefer a high GMAT score* to a high GPA, however MIT is not one of them. The only other school that prefers a high GPA is Harvard Business School. Although GPA matters slightly more than GMAT, GPA can’t be changed once you graduate. If you have a low GPA then make sure you have a solid GMAT and focus on other factors like leadership and volunteer work. I started a networking group that grew to 900 people, which went over well with the admissions committee. It wasn’t even hard, I just started a meetup group in my area.

MIT MBA Acceptance Rate by Round

MIT MBA Acceptance Rate by Round Sloan Business School AdmissionsAt Sloan, the round you apply in is very important. As you can see in the graph above, acceptance rate at MIT is 50% higher for round 1 applicants compared to round 2. If you have no other choice, you might as well apply round 2, but absolutely try to apply round 1 if possible.

GMAT, GPA and application round were the only factors that had a noticeable affect on admissions rate. Surprisingly, industry, major and years or work experience had no impact on acceptance rate.

*A high GMAT or high GPA is defined as one standard deviation above average.

MBA Summer Internship

I haven’t posted anything in the past month because I have been busy interviewing for my summer internship. I interviewed with 14 different consulting companies and am happy to say that I have already received 3 offers and am waiting to hear back from a few others. Getting your first offer is the greatest feeling in the world. I can feel my stress melting away.

If you think it is stressful waiting to hear back from business school just you wait for internship interviews. At least with business school you have only invested a thousand or so on applications and a bunch of time studying for the GMAT and filling out applications. For career switchers who need an internship in their industry, we gave up our high paying jobs and $200K in tuition and expenses to gamble in getting our dream job.

The good news is that business school does a good job of preparing you for interviews. I wish I could go back to undergrad and teach myself how to interview.

I will start posting regularly again now that I have more free time.