Tag Archives: Industry

Military MBA Acceptance Rate Analysis

Military MBA Acceptance Rate Analysis - GMAT GPA AgeTransitioning 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

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Yale MBA Acceptance Rate Analysis

Yale School of Management, also known as YSOM, is a prestigious school located in New Haven, Connecticut. It is difficult to gain admission to Yale’s MBA program, similar to their undergraduate school. The YSOM class of 2016 has impressive statistics, with a median GMAT of 720 and median GPA of 3.56. Only 22% of applicants who apply to Yale will be accepted. Continue reading

MBA Acceptance Rate by Concentration

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

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.

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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Booth Admissions Rate Analysis

University of Chicago is a fairly selective business school with an acceptance rate of 22%. Similar to Kellogg, Booth has one of the higher acceptance rates for a top 10 school. While building an MBA admission calculator, I uncovered some insights on how Booth evaluates MBA applicants.

Booth Admissions Rate by GMAT

Booth Admissions Rate by GMAT University of Chicago MBA AcceptanceThe graph above demonstrates that GMAT has a high impact on Booth admissions. Increasing your GMAT from 650 to 750 more than doubles your chance of admission. The average GMAT score for an applicant is 718, but the admitted applicants have a slightly higher GMAT of 724.

Booth Admissions Rate by GPA

Booth Admissions Rate by GPA University of Chicago MBA AcceptanceA high GPA will give you a slightly higher acceptance rate at University of Chicago, but it is easy to see that GPA doesn’t have a very large impact on admission rate. Even with a 3.0 GPA the Booth acceptance rate is 18% which is higher than the acceptance rate at Harvard for an applicant with a 4.0.

Booth Acceptance Rate GMAT vs. GPA

Booth Admissions Rate GMAT vs. GPA University of Chicago MBA AcceptanceThe graph above compares the importance of GMAT vs. GPA to Booth admissions. Candidates with a high GMAT score had a significantly higher acceptance rate than those who had a high GPA.* If you have a high GMAT and a low GPA, University of Chicago is an ideal school at which to apply. For example an applicant with 3.0 GPA and a 760 GMAT has a 25% chance of being admitted.

Booth Admission Rate by Age

Booth Admissions Rate by Age University of Chicago MBA AcceptanceSimilar to Duke and Cornell, the Booth admission committee prefers applicants who are around 27. 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.

Booth Admissions Rate by Round

Booth Acceptance Rate by Round University of Chicago MBA AdmissionWhich round you apply in does actually affect your chance of admission at University of Chicago. There is a small drop off in acceptance rate between round 1 and 2, but then a large drop in round 3.

Other Factors that Impact Booth Acceptance Rate

Applicants who are living in India have only a 7% chance of being accepted at Booth. Science and Math majors have a slightly higher chance of admission. Liberal Arts and Humanities majors have an exceptionally high chance of being accepted, at 56%, while Engineering majors have lower odds at 17%. I think that it is not that Booth is specifically trying to attract Liberal Arts majors, but that they are trying to bring in more women, who happen to be more likely to major in Liberal Arts. Finally investment bankers have only a 14% acceptance rate at Booth.

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

Duke MBA Acceptance Rate Analysis

Duke’s Fuqua School of Business is one of the top 20 MBA programs in the US. The Duke MBA acceptance rate is 25%, which makes being admitted a big accomplishment. The next question is obviously what characteristics does the Duke admissions committee look for in Fuqua applicants? Not only are GMAT and GPA important factors that will impact your admissions, but also your age and the round you apply in affect your chance of acceptance.

Duke MBA Acceptance Rate by GMAT

Duke MBA Acceptance Rate by GMAT Fuqua Business School AdmissionThe average Duke applicant has a GMAT of 690, several points lower than the 697 for accepted candidates. As expected the acceptance rate increases as an applicants GMAT rises. The graph above shows Duke MBA acceptance rate by GMAT for the average applicant with a GPA of 3.35.

Duke MBA Acceptance Rate by GPA

Duke MBA Acceptance Rate by GPA Fuqua Business School AdmissionUnlike schools such as Stanford and Cornell, GPA does affect Duke MBA acceptance rate. The average applicant has a GPA of 3.35, however accepted applicant’s GPA is slightly higher. Above you can see the admission rate by GPA at Fuqua.

Duke MBA Acceptance Rate GMAT vs. GPA

Duke MBA Acceptance Rate GMAT vs. GPA Fuqua Business School AdmissionNow that you know that GMAT and GPA both matter to Duke, the next question is which is more important. My admissions analysis shows that Duke prefers GMAT over GPA*. A high score on the GMAT will increase Duke MBA acceptance rate from 25% to 30%. However, a high GPA only increases your chance of admission at Duke to 28%. For applicants with a high GMAT and low GPA, Duke is a good school at which to apply. For example an applicant with a 750 GMAT and 3.0 GPA has a 29% chance of getting into Duke.

Duke MBA Acceptance Rate by Age

Duke MBA Acceptance Rate by Age Fuqua Business School AdmissionSimilar to other schools such as Stern, age impacts acceptance rate. Applicants who are around 27 to 28 have the highest chance of being accepted at Duke, while older and younger candidates have lower odds of being admitted. My hypothesis is that younger applicants don’t bring as much work experience to the class room discussion while older applicants are hard to place at top companies during on campus recruiting.

Duke MBA Acceptance Rate by Round

Duke MBA Acceptance Rate by Round Fuqua Business School AdmissionI looked into how application round affected your chance of admission at Duke, and it was not statistically significant. Even the low round 3 acceptance rate cannot be confirmed as accurate because of low volume. Don’t worry too much about applying first or second round, but you may want to avoid round 3 just to be safe.

Other Factors Affecting Acceptance Rate

People applying from India had a significantly lower chance of admissions, while applicants from the US had a higher acceptance rate at Duke. Applicants who majored in business had a slightly lower admission rate. Military applicants had an astonishingly high acceptance rate of 50%. So all you veterans out there should strongly consider applying to Duke.

The data used for this analysis comes from GMAT Club.

*For GMAT vs. GPA comparison a high score is defined by one standard deviation above the average GMAT or GPA.

Cornell MBA Acceptance Rate Analysis

Many MBA applicants wonder what their chances of getting into a top school is. This analysis looks at Cornell MBA acceptance rate based on data such as GMAT, GPA, undergraduate major, and age at application. The average acceptance rate at Cornell’s Johnson Graduate School of Management is 22%, which is higher than all of the schools in the top 10 but lower than many of the schools ranked 11 to 20.

Cornell MBA Acceptance Rate by GMAT

Cornell MBA Acceptance Rate by GMAT Johnson AdmissionAs you would expect, GMAT has a high impact on Cornell MBA acceptance rate. The average GMAT for the Cornell MBA class of 2016 is 700. Although GMAT does affect Cornell MBA acceptance rate, GMAT has a smaller importance than other schools such as Kellogg. Increasing your GMAT score by 30 points raises your chance of admission by 5% at Kellogg but only by 2% at Cornell.

Cornell MBA Acceptance Rate by GPA

Strangely enough it appears that GPA has little to no impact on your acceptance rate at Johnson. When I ran the logistic regression, GPA was the first variable I eliminated. Even at Stanford, GPA wasn’t eliminated until almost at the end. This suggests to me that Cornell really doesn’t care about GPA. If you have a low GPA and a high GMAT, then you should be applying to Cornell for the highest chance of admission. The average GPA from my data set, which came from GMAT Club, was 3.40 for both accepted and for declined applicants.

Cornell MBA Acceptance Rate by Age

Cornell MBA Acceptance Rate by Age Johnson School AdmissionAlthough your GPA doesn’t matter to Cornell, the age at which you apply does matter. Similar to other schools, such as NYU, the age at which you apply does impact your chance of admission. Cornell prefers candidates who are close to the average age of around 27 or 28. The further you deviate from this average age, the lower your chances of admission are. I believe that the schools do this for two reasons. The first is that young people don’t have as much work experience, so they tend to have less to contribute to the conversation in class. At the other end, candidates that are too old are harder to place in  recruiting because companies wonder why someone who is so old is getting an MBA. I have noticed that the women in my program tend to be younger on average than the men. I imagine that the admissions department will give women a little more leeway on applying younger because some women want to finish their MBA before they start a family.

Other Factors that Impact Acceptance Rate

Candidates who apply while living in India have a lower acceptance rate, while those applying while in the US have a higher admission rate. Applicants who majored in engineering during their undergraduate program have a lower acceptance rate. The admission rate for applicants who are currently working in manufacturing is significantly lower than anyone else.

Good luck with your applications!

GPA Trivial to Stanford Business School Acceptance Rate

Although the original predictive model I built for Stanford suggested that GPA didn’t matter, I updated the model using different data cleaning techniques and I now believe that GPA is important to Stanford. Although GPA does matter, GMAT is still much more important. The new Stanford MBA Acceptance Rate Analysis can be found here.

Stanford business school has the lowest acceptance rate of 6% out of all MBA programs in the US. I am sure everyone wants to know the secret to increase their Stanford business school acceptance rate. Shockingly Stanford GBS does not care about your GPA. I built a statistical model to predict Stanford business school acceptance rate, and there was no evidence that a high GPA increases your chance of admission at Stanford.

Stanford Business School Acceptance Rate by GMAT

Stanford Business School Acceptance Rate by GMAT GBS MBA AdmissionThe graph above shows how Stanford business school acceptance rate changes based on GMAT. There is a strong relationship between GMAT and  Stanford MBA acceptance rate. Surprisingly, even with an 800 GMAT your chance of admission is still only 11%. Since there are over 7,000 applicants for only 400 spots it is difficult to be accepted.

Stanford Business School Acceptance Rate by GPA

Stanford Business School Acceptance Rate by GPA GBS MBA AdmissionAlthough GMAT is important to GBS, there is no relationship between GPA and acceptance rate. This is completely the opposite of Harvard where GPA is more important than GMAT. Surprisingly the highest admission rare is for applicants with a 3.0 GPA.  Don’t worry too much about the high acceptance rate for low GPAs, there were only 28 applicants with a 3.0, which is not enough of a sample size to be confident. There is however enough data to confirm that there is no strong relationship between GPA and admissions. For those stats nerds out there, the P-value for the GPA variable was 33%, so clearly it had to be eliminated.

Stanford Business School Acceptance Rate by Round

Stanford Business School Acceptance Rate by Round GBS MBA AdmissionAlthough GPA doesn’t affect Stanford MBA admission rate, the round you apply in does have a large impact on your chances. The acceptance rate for round one is already below 8% and only drops even lower after that. This is similar to Harvard where application round has a strong impact on acceptance rate. If you are not a perfect candidate with great GMAT and work experience, don’t even bother with round 2 or 3. Might as well wait until next year’s round one unless you enjoy throwing away $250 on your application.

The only other factor that impacts acceptance rate is your pre-MBA industry. Consultants have a 9% acceptance rate compared to other candidates’ 6% chance of admission to GBS. Undergraduate major, years of work experience, and age have no affect on your chances at Stanford business school.

The data used to do this analysis came from GMAT Club website.

Kellogg Acceptance Rate Analysis

Kellogg’s acceptance rate is on the higher side for a top 10 MBA program at over 20%. But don’t be fooled, getting into Kellogg is still very difficult. In addition to high expectations for GMAT and GPA, Kellogg allows all applicants to interview. This allows Kellogg to find candidates with the best interpersonal skills even if they don’t have high scores. Since I don’t have information on candidates’ interpersonal skills, I’ll stick to GMAT and GPA. I built a model that can estimate an applicants chance of admissions to Kellogg based on a few key pieces of data . I am posting the insights I found in the model here until I am able to build the admissions calculator over winter break.

Kellogg Acceptance Rate by GMAT

Kellogg Acceptance Rate by GMAT MBA Admissions Business School

The average GMAT score for Kellogg’s 2 year MBA program is 717, however the average GMAT for applicants is lower, coming in at 709. The graph above shows the relationship between GMAT and Kellogg acceptance rate for the average applicant, who has a GPA of 3.38. You can see there is a strong relationship between GMAT and Kellogg acceptance rate. An applicant to Northwestern has twice the chance of getting in with a 750 compared to a 650.

Kellogg Acceptance Rate by GPA

Kellogg Acceptance Rate by GPA MBA Business School Admissions

Similar to GMAT, having a higher GPA increases your chance of admission at Kellogg. Even with a low GPA of 3.0, the admission rate is still over 20%. The graph above shows Kellogg acceptance rate by GPA for the average candidate, who has a GMAT of 709 (yes I know that it is not a possible score).

Kellogg prefers GMAT over GPA

Kellogg Acceptance Rate GMAT vs GPA MBA Admission Business School

By comparing admissions for candidates with a high GMAT score vs high GPA, I found that Kellogg prefers a high GMAT over a high GPA.* This is good news for candidates who are willing to put in the hard work to get a high GMAT score. Having a high GPA only increases your chance of admission by 2% to 25%. On the other hand, having a high GMAT increases the Kellogg acceptance rate to 29%. On the flip side, if you have a low GMAT then it will harm your chance of admission more than a low GPA.

Kellogg Acceptance Rate by Round

Kellogg Acceptance Rate by Round MBA Admissions

Round 1 applicants had the highest acceptance rate, with round 3 acceptance rate the lowest. These numbers are a little misleading because they don’t take into account difference in the average candidate quality for the different rounds.

Kellogg MBA Applicant Statistics by Round AdmissionsThe lower acceptance rate for Kellogg applicants in later rounds is explained by lower GMAT and GPA. This is why application round is not a factor in my admission model. Applying in a later round does not appear to harm your chance of admission at Kellogg significantly, especially if you can use that time to raise your GMAT or improve your essay.

Other Admissions Factors

The last two factors that had an impact on admission rate were country and industry. Applicants who were living in India had a roughly 6% chance of admission. Candidates who worked in computer software while applying had a 5% chance of admission. Both of these factors were statistically significant, meaning that there was enough data to verify the effect.

Good luck with your applications! Let me know if you have any questions.

*A high score on GMAT or GPA is defined by one standard deviation above average.

Ross Acceptance Rate Analysis

I plan to post the Ross admission calculator online as soon as I have time to build that portion of the website, probably over Christmas break. In the mean time I will share some of the insights I got from building the predictive model.

Ross Acceptance Rate by GMAT

Obviously your chance of admission to Ross School of Business increases if you score higher on the GMAT. The good news is that Ross’s acceptance rate of 34% is significantly higher than almost all other business schools in the top 20. The Ross class of 2016 profile shows that the average GMAT and GPA are 702 and 3.4 respectively. The data used to create this analysis comes from GMAT Club. Of the applicants in my data set, 84% had GMAT of 700 or higher, which means that I am fairly confident about the relationship between GMAT and admissions in the 700’s but not as confident in the 600’s.

Ross Acceptance Rate by GMAT MBA Admissions Michigan School of Business To create the graph above, I used the average GPA from my data set which is 3.42 and then shifted the GMAT score in my model. The model takes into account the interaction of GMAT, GPA, years of work experience, undergraduate major and the industry you worked in.

Ross Acceptance Rate by GPA

Next I looked at how GPA affects Ross acceptance rate. I’m sure it is not a surprised to hear that a higher GPA increases your chance of admissions at Michigan school of business. Ross Acceptance Rate by GPA MBA Admissions Michigan School of Business

Ross Acceptance Rate: GMAT vs. GPA

The real question is which is more important for raising your Ross acceptance rate, GPA or GMAT? In the graph below I compare how much the admissions rate changes if I alter the GMAT or GPA by a standard deviation. A standard deviation is a measure of variance in a population or sample. Since I can’t compare the absolute variance because GMAT and GPA are on different scales, I compare how the shift of one standard deviation impacts the Ross MBA acceptance rate.

Ross Acceptance Rate GMAT vs. GPA Admision Michigan School of BusinessAs you can see the slope is steeper for the GMAT line. This means that Ross prefers applicants with a high GMAT over applicants with a high GPA. One standard deviation higher in GMAT increases acceptance rate by 22% while a standard deviation in GPA only increases chances of admission by 14%.

Other Ross Acceptance Rate Insights

similar to Harvard and Wharton, at Michigan the acceptance rate is noticeably lower for Indian applicants vs. non-Indian applicants, 17% vs. 41% respectively. Engineering majors have a lower chance of admission while liberal arts majors have a higher chance. Many schools are trying to increase the number of women in their program. The higher acceptance rate for liberal arts majors may reflect Ross trying to attract more women, however my data set is missing gender information. More years of work experience increases the chance of admission by around 2.5% per year. Also military applicants have a higher chance of admissions.

For those of you who have already been invited to interview at Ross, your acceptance rate is higher at around 62%. Check out my Ross Interview Acceptance Rate Analysis to see what your chance of getting admitted is.

Good luck with your applications!

Harvard Business School Acceptance Rate Analysis

How can anyone ensure that they will be accepted to Harvard Business School? Unfortunately there are no assurances at the number one ranked business school which has an acceptance rate of 12%. This analysis will show you what factors impact Harvard Business school acceptance rate, such as GMAT and GPA.

Harvard Business School Acceptance Rate by GMAT

Similar to all other business schools, Harvard does care about your GMAT score. As you can see in the graph below, a higher GMAT results in a better chance of admission. If you want a double digit chance of admission you had better score a 740 or higher. Even at 800 the HBS acceptance rate is surprisingly only predicted to be 16%.

Harvard Business School Acceptance Rate by GMAT MBA HBS Admissions

Harvard Business School Acceptance Rate by GPA

Next we look at how GPA affects Harvard Business School acceptance rate. Obviously a higher GPA results in a better chance of admission at HBS. Acceptance rate doesn’t break into the double digits until you hit 3.7. This reminds me of why I didn’t even bother applying to Harvard with my 3.33 GPA. Damn you engineering, why did you ruin my grades?Harvard Business School Acceptance Rate by GPA HBS MBA Admission

Harvard Business School Acceptance: GMAT vs. GPA

The real question is which is more important for raising your chance of admission to HBS, GPA or GMAT? In the graph below I compare how much the admissions rate changes if I alter the GMAT or GPA by one standard deviation. A standard deviation is a measure of variance in a population or sample. Since I can’t compare the absolute variance because GMAT and GPA are on different scales, I compare how the shift of one standard deviation impacts the Harvard MBA acceptance rate.

Harvard Business School Acceptance Rate GMAT vs GPA MBA HBS AdmissionsUnlike at Stern and Wharton, Harvard values GPA over GMAT. Harvard acceptance rate increases by 30% when GPA increases by one standard deviation but only by 25% when GMAT increases by a standard deviation. This indicates that GPA is more important than GMAT at HBS, and they are willing to roll the dice on a candidate with low GMAT like the guy who was accepted last year with a 550.

Other HBS Acceptance Rate Insights

The round you apply in does have an impact on your chance of being accepted at HBS. Applying in a later round significantly reduces your chance of admission at Harvard. The data for round 3 is not statistically significant due to low sample size, but I wouldn’t risk applying in round 3 unless you have a godly application. Perhaps after this recruiting year is over I’ll have enough data to confirm and update the model.

Harvard Acceptance Rate by Round HBS MBA AdmissionsIf you want to maximize your chances of getting into Harvard, then be sure to apply during round 1. Additional work experience does increase your odds of getting into Harvard by a small amount, roughly .5% per year. I’m sure a lot of peoples’ next question is what about the 2+2 program? I do know about the 2+2 program Harvard has but I can’t tell which candidates are applying through the 2+2 program vs. not. However I can tell you that of the 59 people in my sample who are 24 years old or younger , none were admitted. So although it is possible to get in if you are younger, it certainly is more challenging.

Next I’ll mention a few factors that are out of your control in the short term but should be known so you can plan accordingly. Similar to Wharton, applicants who are applying from India have a lower chance of admissions, only 1.5% of applicants from India are accepted. Applicants who majored in finance also have a significantly lower chance of being admitted, only 2%. And finally applicants who have worked in venture capital or the military have a much higher admissions rate, 16% and 17% respectively.

Update: I took a quick look if I could predict acceptance rate accurately for people who were already selected for an interview. They only factors that had any predictive power were round, age and major. Average acceptance rate is 49%, with older candidates doing a little better about 7% higher acceptance rate for someone a year older than average. Round 2 applicants had a 37% acceptance rate, while round one had a 57% chance. And finally, applicants who majored in finance had a 16% chance of admittance. In the end, it is very difficult to predict admissions for candidates once they have been invited to interview, which suggests that to Harvard the interview actually matters.

Good luck with your Harvard applications!

For undergrads, check out the Harvard acceptance rate analysis at College Admit Me.

Stern Acceptance Rate Analysis

I just finished building the Stern acceptance rate prediction model. I will post the admissions calculator as soon as I have time to finish learning PHP and then build that portion of the website. I’ll probably have time to work on it over Christmas break, but right now I am too busy applying for interviews for summer internships. In the mean time I will share some of the insights I got from building the model.

Stern Acceptance Rate by GMAT

The first thing that jumped out at me was that the acceptance rates I came up with are noticeably higher than the published acceptance rate of 15%. I believe that this is because the average candidate who applies and posts their data on GMAT Club, where I get my data, is more competitive than the average candidate. The average GMAT Club applicant to Stern has a GPA or 3.45 and GMAT of 709, which is not too far from the scores listed on the class profile for Sterns class of 2016 of 3.52 and 721.

Stern Acceptance Rate by GMAT MBA Admissions Business School NYUIf you are applying to Stern, it is pretty obvious that having a higher GMAT is important and will significantly raise your chances of being admitted. To create the graph above, I used my model with the average GPA of 3.45.

Stern Acceptance Rate by GPA

Next I looked at how GPA affects Stern acceptance rate. Once again there is a clear relationship between GPA and admission rate for NYU. In the graph below I used the average GPA score of 709 in my admissions model.Stern Acceptance Rate by GPA NYU Admissions Business School

Stern Acceptance Rate by Round

Many candidates want to know if it matters in which round you apply. I took a look at the raw acceptance rate by round for NYU. As you can see the acceptance rate for round 2 is slightly lower and for round 3 it is noticeably lower.

Stern Acceptance Rate by Round MBA NYU Admissions Business SchoolThe acceptance rates above are raw numbers, not the predicted values from my admissions model. Why you ask? Because when I took into account all of the other factors, the round you apply in is not statistically significant. The reason the acceptance rate is lower in round 2 and 3 is not because the schools are more selective but because on average lower quality candidates apply in those rounds. If you are a qualified candidate, do not worry about applying to Stern in round 3, you still have a good chance of getting in.

Stern Prefers GMAT over GPA

In the past I tried to figure out if Stern prefers a high GMAT or GPA and didn’t come up with anything conclusive. Now that I have built the Stern admissions model I can see how a similar change in GMAT or GPA impact acceptance rate at Stern. In the graph below I compare how much the admissions rate changes if I alter the GMAT or GPA by a standard deviation. If you are applying to business school then you should probably know what a standard deviation is, however if you don’t it is a standard measure of variance in a population or sample. Since I can’t compare an absolute variance because GMAT and GPA are on different scales, I compare how the shift of one standard deviation impacts the Stern acceptance rate.

Stern Acceptance Rate GPA vs GMAT MBA NYU Admissions Business SchoolIn the graph above, you can see that increasing the GPA by one standard deviation (.28) increase acceptance rate by 29%, but raising the GMAT score by one standard deviation (39) leads to a 45% higher chance of admissions. It is clear that Stern prefers candidates with high GMAT score over ones with a high GPA. This is good news for candidates with a low GPA because with enough hard work, you can increase your odds significantly by raising your GMAT.

Other NYU Admissions Insights

I also found that NYU prefers candidates with an average age of 27 to 28, the further you are from this average age, the lower your chance of getting in. Stern really likes candidates that come from consulting. Applicants from consulting had a acceptance rate of 42% vs. 21% for non-consultants. Having more work experience also increased your odds of admissions. Acceptance rate increased by about 2% for each year of work experience. However, once you pass 28, the age deviation factor is significantly stronger than the work experience factor so you shouldn’t wait until after 28 to apply.

I noticed that candidates that majored in business or engineering had a lower chance of admission. Business majors with average scores had a 8% chance of admission compared to 24% for non-business majors. Engineers had a 13% chance of getting in compared to a 26% chance for non-engineers. These differences are statistically significant even after taking into account all other factors. That being said, I majored in engineering and I got into Stern. I also know many other business and engineering majors who are currently attending Stern with me.

Tuck Admissions Analysis

Tuck Admissions Analysis MBA Business SchoolThe 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

Tuck Admissions Analysis GMAT Acceptance Rate MBA

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.

Tuck Admissions Analysis GMAT Acceptance Rate MBA

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.

Tuck Admissions Analysis MBA GPA Acceptance Business School

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.

Tuck Admissions Analysis GPA Acceptance MBA Business School Dartmouth

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.

Tuck Admissions Analysis Industry Acceptance Rate Dartmouth MBA

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.

Tuck Admissions Analysis Dartmouth MBA Acceptance Rate

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.

Wharton GPA Impact on MBA Acceptance Rate

I posted an updated Wharton acceptance rate analysis which is more accurate than this article. It shows how GPA and GMAT affect your odds of admissions.

Wharton GPA MBA Admissions Acceptance Business School

When applying to a top MBA program, GMAT and GPA are important parts of the application. As one would expect from a top MBA program, at Wharton GPA has a large impact on your chances of admission. The question is how much does your undergraduate GPA affect your chance of admission. I analyzed the acceptance data from the past two and half years at GMAT Club to see how much GPA impacts acceptance rate. Unlike Harvard where there is little benefit from GPA until 3.8 or higher, at Wharton the acceptance rate generally increases as the undergraduate GPA rises.

At Wharton GPA Increases Chance of Admission

Wharton GPA vs. Acceptance rate MBA Business School You can clearly see that acceptance rate is lowest below 3.0 and highest in the 3.8 to 4.0 range. There is a slight dip in the 3.6 to 3.79 GPA range. I took a closer look and it appears to be because more applicants in this GPA range worked in industries that Wharton does not value. There are more applicants in the 3.6 to 3.79 range that work in Government and Mutual Funds and fewer in Military and Venture Capital, which are industries that Wharton seems to prefer.

Higher GPA does appear to increase the chance of an applicant being admitted to Wharton, but the slope is not as steep as I would have expected. Unfortunately for some, GPA is stuck in stone. Applicants who hope to increase their chance of admissions need to focus on GMAT to increase their odds. Luckily, data suggests that very high GMAT scores significantly increase the odds that Wharton will accept an applicant. If an applicant studies hard for the GMAT, then a high GMAT score is highly likely achievable. There are many companies that offer GMAT preparation which will increase your chance of admission.

Wharton does not publish statistics on GPA for us to analyze. However, we can look at what the average GPA is in my data set. The mean GPA for accepts at Wharton in my dataset is 3.61 GPA with a middle 80% GPA in the range of 3.23 to 3.94. The mean Wharton GPA of 3.61 is lower than the mean Harvard GPA of 3.66.

How Much Does Your Industry Affect Your Acceptance Rate at Wharton

If you have any doubt that the industry you are in and what company you work at affect your acceptance rate at top MBA schools, then I have wonderful bridge I can sell you for a bargain. I know, my joke is lame, I should stick to the numbers.

We all know that your industry has a big impact on your acceptance rate, but which industries are the best to work in if you want to get into  a top MBA program like Wharton. First, lets take a look at the distribution of applicants at Wharton by industry. I removed all industries with fewer than 20 applicants over the 3 years I analyzed.

Wharton Industry Distribution MBA Applicants Business School

As you can see, the greatest number of applicants came from consulting and investment banking. I removed the “Other” category from this graph because it was too large in comparison to each individual industry. There were 883 “Other” applicants.

Now what you all are waiting for, which industries are best for getting into Wharton? The answer shouldn’t be too much of a surprise, it is Venture Capital. The biggest surprise for me was that military and defense came in second by a wide margin. I guess risking your life for your country may pay off for some lucky soldiers. I expected consulting acceptance rate to be pretty high, but it was only slightly above average. If you work in manufacturing or mutual funds, then you might want to give up your dream of going to Wharton, my magic eight ball says “Outlook not so good”.

Wharton Acceptance Rate Industry Admissions MBA Business School

If you are really passionate about applying to Wharton, then you have probably already noticed that the average acceptance rate in my graph is only 13% and not the actual acceptance rate of 20%. This is because I get my data from GMAT Club, and not everyone updates their profile with the final decision. I considered scaling all of the numbers up 63% to account for this but the venture capital acceptance rate got a little crazy up at 54%. My theory is that venture capitalists are a lot more likely than your average candidate to update their profile on GMAT Club when they get it.

What is going on with the investment bankers having a below average acceptance rate? Perhaps they come across as too aggressive and arrogant in their interview, or maybe they are too busy working 100 hour weeks to update their profile once they are accepted.