Many applicants may wonder if their undergraduate major impacts their chance of getting into business school. Admissions data suggests that your college major can significantly impact your probability of getting into business school. The general trend seems to be that majors that are more dominated by women have a higher acceptance rate while industries that dominated by men had lower acceptance rates. This could be because my data does not have gender as a variable, so I could not account for it. Many people believe that women’s acceptance rate is higher than it is for men with similar credentials, but I have not found any data that proves it. Another explanation is that the female dominated majors are generally underrepresented in business school application pools, so when schools aim to diversify the class, the acceptance rates are higher for those majors. Continue reading
One of the most frustrating parts of the MBA application process is waiting to hear back from the schools. First, applicants have to wait to hear if you will be interviewed. Next, an applicant must wait to hear if they have been admitted. Some unlucky souls will have to wait a third time on the waitlist, sometimes for up to 8 months if they are a round 1 applicant. I created this updated MBA waitlist acceptance rate analysis to provide some transparency to those who are on the waitlist. Continue reading
With round 2 application deadlines rapidly approaching, many applicants may wonder what their chance of getting an MBA interview with their favorite schools is. I analyzed the MBA interview probability for the top 25 schools over the past 5 years by GMAT and GPA. Unsurprisingly, for most schools the MBA interview chance increased for high GMAT and high GPA candidates. Continue reading
Transitioning from the military to MBA is a fairly popular path to follow. A little over 4% of MBA applications come from military veterans. When looking at the data comparing military applicants to traditional MBA applicants, a few trends become clear:
- Military / Veteran applicants tend to be a year or two older.
- Scores for military applicants are a little lower on average, about 15 points on the GMAT and about .15 for GPA
- Military applicants on average have another year or two of work experience
- Military MBA acceptance rate is about 50% higher than the acceptance rate for traditional applicants
- Some schools have a very large advantage for military applicants while others have little to no advantage
Deciding when to start applying to business school can be a challenge. Salary increases dramatically after an MBA, but schools tend to prefer applicants with more work experience. I looked at the top 25 US MBA programs’ admission data to find the best schools for young MBA applicants in terms of chance of being admitted. I analyzed the MBA acceptance rate by age to see which schools had the smallest disadvantage for younger applicants relative to traditionally aged MBA applicants. Continue reading
The third round of MBA applications is notorious for having a lower acceptance rate. With the third round application deadlines approaching quickly for most business schools, you may be wondering if the stereotype about the third round is fact or fiction. I updated my analysis of MBA acceptance rate by round with the last 2 years of data and I expanded it to include Olin, Georgetown, USC, Arizona State and Vanderbilt.
This analysis was done using self-reported data from GMAT Club. Data from the class of 2014 through the class of 2018 was used because otherwise there would not be enough data for round 3 and 4 to accurately capture the acceptance rate. Continue reading
It is mid March and the application season for the class of 2019 is winding down. If you plan to apply for this year, you should check the MBA Round 3 Application Deadline for the school of your dreams because it is fast approaching or already past. Also, check out the MBA acceptance rate for round 3 at the schools you are considering. Continue reading
For all of you soon to be MBA Students interested in consulting, McKinsey has a great opportunity for you. Apply for the McKinsey Emerging Scholars program by May 19th 2016. If you are selected to be a scholar, then you will receive a monetary award, mentorship from McKinsey consultants and an invitation to a celebratory event. Continue reading
Many business school applicants wonder how many MBA applications they should submit? In this article, I will discuss the optimal MBA application number based on real data. Deciding on your MBA application number is challenging because the more schools you apply to, the less time you have to spend on each application. On the other hand, you don’t want to put all of your eggs into one or two baskets. The data suggests that the ideal number of MBA applications is 5 to 7. For more information, check out this article on how to build your portfolio of MBA applications co-authored by Lawrence Linker and I. Continue reading
As Founder and Application Coordinator for MBA Link, one of the first things I’m often consulted on is how many schools an applicant should apply to and which ones. This is an extremely important step to get right in the application process, because there is almost no other decision you will make along the way that has a greater influence on how likely it is you will end up getting into a school with which you will be happy. Continue reading
Many applicants worry about applying to business school if they have a low GPA. I analyzed the low GPA MBA acceptance rate at the top 25 schools to see what are the realistic chances for applicants with a GPA below 3.0. In my data sample from GMAT Club, less than 3% of applicants had a low GPA, which I defined as below 3.0. Individual schools did not have enough data for me to analyze in depth, so I grouped schools into clusters for analysis. I was surprised to see that low GPA MBA acceptance rate is a lot higher than I expected. Continue reading
The interview is a crucial component of the MBA admission process. All top full-time MBA programs interview applicants before admitting them. Generally the MBA admissions committee is looking for two things during the interview, that you fit the culture of the school and that you have the emotional intelligence to succeed at business school. I have already looked at MBA Interview acceptance rate by itself. However, I always wondered when applying to business school if all applicants are considered equal after they have been invited to interview or does the rest of the application, like the GMAT and GPA, still matter. It turns out that it matters at some schools and not at others. Continue reading
With the current semester just about over, next years application essay questions will be posted in the coming weeks for many schools. Round one applicants should start figuring out their story and crafting their essays. The most important essay for most schools is the question: Why get an MBA and why is [insert school name here] the right choice for you? In order to answer this question you need to have a plan for how an MBA is going to help you achieve your goals. The vast majority of MBA students are looking to switch careers. Why else pay $120,000 in tuition and give up two years of salary? If you wanted to stay in the same industry, you would probably just go for a promotion or switch companies. Continue reading
A more up-to-date analysis of MBA waitlist acceptance rate has been completed which include admissions data for the class of 2019.
At this point in the year many applicants have been placed on the waitlist for the school of their dreams. It is a frustrating experience that I personally have experienced. This articles shows the MBA waitlist acceptance rates for the top US MBA programs. The data for this analysis comes from GMATClub. These acceptance rates are meant to give a rough idea of the waitlist acceptance rate and should be taken with a grain of salt. The sample sizes vary by school; Olin, Emory and Stanford have the lowest sample sizes.
MBA Waitlist Acceptance Rate by School Rank
|US News Rank||School||Waitlist Acceptance Rate|
MBA waitlist acceptance rates ranges widely from 46% to 2% depending on the school. It tends to vary quite a bit from year to year, so these acceptance rates should only be used as a guide. For example Dartmouth’s average waitlist acceptance rate is 10%, however for the class of 2016 it was only 2%. The top ten schools on average have a slightly lower waitlist acceptance rate coming in at 8% while the next ten schools average a noticeably higher acceptance rate of 14%.
MBA Waitlist Acceptance Rate Rank
|Acceptance Rank||School||Waitlist Acceptance Rate|
The schools with the highest MBA waitlist acceptance rates are Kenan-Flagler, Olin, and Anderson. At the other end are Harvard, NYU and Yale with the lowest waitlist acceptance rates. Although NYU has the highest interview acceptance rate, it rarely accepts anyone off the waitlist.
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 Rank||School||Round 1||Round 2||Round 3||Round 4|
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 Rank||School||Round 1||Round 2||Round 3||Round 4|
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.
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.
* Sample size is 30 or fewer applications.
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
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
NYU 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!
The final decision for the Tuck MBA January round applications is being released tomorrow. Tuck calls the students who have been accepted either the day of or the day before the decision is released. Today, mostly international acceptance calls were made, and I have not been called yet. I am based in the US so I am not super nervous yet, but I am finding it difficult to think of anything other than the Tuck decision. I was incredibly unproductive at work today because I spent the entire time hoping my phone would ring. To help ease my worries I created this elaborate Tuck admissions analysis to try to figure out my chances of getting in. Each of the following graphs are only acceptance rate vs. one variable. In reality there are probably interaction effects between different variables, so this is by no means especially accurate, but my final conclusion is that I have a 53% chance of being admitted. I was hoping the number would come out higher, but it is a lot better than the 20.8% acceptance rate overall at Tuck.
Tuck Admissions Analysis
The first variable I looked at was GMAT. I did a scatter-plot by acceptance rate and found the best trendline for fitting the trendline. This line has an R squared of .82, which is a fairly strong correlation. I then created the smoothed out graph below, which probably does a better job of estimating the impact of GMAT on your application odds.
My 770 on the GMAT really helped to boost my Tuck admissions chances since it is significantly higher than the 718 average. However, I know my GPA is below the average Tuck GPA of 3.5. So next I looked at how GPA impacts acceptance rate.
For Dartmouth, GPA is highly correlated with chance of acceptance, as one would expect. The GPA scatter-plot has a .89 R squared, which is very high. However, the line is not nearly as steep as it is for GMAT. Similar to GMAT, I smoothed out the curve to account for noise and came up with the graph below.
After GPA, I looked at how your industry impacts your chances of getting into Tuck. I only included an industry if it either had a high number of applicants or had a very high acceptance rate, like Venture Capital and Commercial Banking. I lumped all other industries into “other”. The trends for Dartmouth are similar to what I saw in my Wharton industry analysis. Manufacturing fared better with Tuck, but it is still significantly below average.
Finally, I looked at Dartmouth acceptance rate by years of work experience. The results of this graph do not seem to be as conclusive as other variables. The acceptance rate kind of jumps around. My interpretation is that in general the more years of work experience, the higher your chance of admissions is, until you reach 9+ years. Then the admissions committee starts to wonder why you are even applying for an MBA.
All in all, my predicted chance of getting into Dartmouth is pretty decent at 53%. My chance is theoretically a little better than a flip of a coin. I know that very few people who don’t do a applicant initiated interview are invited to a Tuck interview. An admissions committee member told me that roughly 55% of applicants self-initiate interviews, and I am going to guess that only 5% of total applicants are invited. If this is correct, then the fact that I already interviewed means that I have a pretty good chance of getting in. On top of that, I had one recommender who wrote an amazing recommendation for me. I sent it to NYU, Wharton and Tuck. I was admitted to NYU and I have been interviewed at Wharton and am waiting for my final decision. I was rejected from every school that he didn’t recommend me at. I am hoping the trend continues that I get into every school that my super recommender submitted to.
For those of you who are still waiting for the Tuck admissions decision, I hope that this article is able to distract you for a little while while you wait for the decision tomorrow. I wish everyone the best of luck.
The data used to create this Tuck admissions analysis is from GMAT Club. I used the data from the class of 2014, 2015 and the first two rounds of the class of 2016.
Tuck interviews are typically 30 to 45 minutes. Typically, the interviewer is a second year student, but on occasion you will be interviewed by an admissions staff member. Unlike most schools, Tuck allows anyone who visits campus to interview. Since Tuck is in a very remote location in New Hampshire, Tuck wants to see that you are committed to the school and are willing to travel to campus. Tuck does extend interview invites to a few select candidates who did not self-initiate an interview, but it is very rare. A member of the admission committee told me that slightly over half the candidates self-initiate an interview.
I highly recommend you self-initiate an Tuck interview on campus, because if you don’t then you put yourself at a huge disadvantage. While visiting campus, visit a class and go on a tour. It is a great way for you to gather material for your essays.
Here is a list of the most common questions asked during a Tuck interview. I also included the probability that each question is asked based on Clear Admit interview reports.
Tuck Interview Questions
- Why Tuck? – (100%)
- Walk me through your resume – (82%)
- Do you have any questions for me? – (76%)
- What are your short-term and long-term goals? – (71%)
- Why an MBA or why now? – (65%)
- Tell me about a challenge, conflict or difficult situation at work? How did you deal with it? – (59%)
- What is the accomplishment you are most proud of? – (29%)
- What kind of leader are you or how do you interact in a group? – (29%)
- What extracurricular activities do you plan to participate in at Tuck? – (29%)
- What are your three biggest strengths? – (29%)
- What is your biggest weakness, or three biggest weaknesses? – (29%)
- What would you contribute to Tuck? – (29%)
- Tell me about yourself – (18%)
- Are there any questions you wish I had asked you? – (18%)
- What are your other interests or passions? – (18%)
- If you attend Tuck, how would your classmates describe you? – (12%)
I interviewed back in December and most if not all of the questions I was asked are on this list. My Tuck interview was with a second year student. He was friendly and laid back. We chatted a little before and after the interview.
Check out my new MBA Interview Guide.
Tuck is a school that is well known for its close-knit friendly community. During my interview, the second year student told me that the admissions committee specifically selects for people with terrific people skills who know how to collaborate in a team environment. Given that Tuck is looking for team players, does this mean that they put less of an emphasis on the GMAT? Lets find out.
In the chart below you can see that the slope the GMAT vs GPA scatter-plot is .0057. This means that for admissions purposes, Tuck would view a person with 800 GMAT and 3.00 GPA the same as someone with 700 GMAT and 3.57.
The slope of .0057 is slightly lower than Wharton and Columbia who have slopes of .0061 and .0063 respectively. This supports Tucks claim that they weight interpersonal skills higher than they do test scores.
Methodology: The scatterplot represents the 50% of applicants who are accepted with the lowest GMAT and GPA. It isn’t helpful to look at the top 50% of applicants because those are not the marginal candidates who barely got in. I occasionally will remove very low outliers because those candidates may have been admitted due to very strong connections that most applicants don’t have. I never remove more than 5% of the total accepted students as outliers. The slope of the scatterplot demonstrates the point at which the school is indifferent to GMAT vs. GPA.