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
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!
Earlier today I posted the Ross acceptance rate analysis which shows how GPA and GMAT scores affect your chance of admission at University of Michigan’s MBA program. I received a request to see if GMAT and GPA can still predict acceptance rate out of the applicants who were selected to interview. I would never want to disappoint a reader, so here is my Ross interview acceptance rate analysis. While reading this analysis, keep in mind that around 62% of interviewed applicants are accepted, which is higher than schools like Harvard and Wharton but lower than Stern.
Ross Interview Acceptance Rate by GMAT
In the graph above you can see that there is a clear relationship between Ross acceptance rate even among the applicants selected to interview. The R-squared is 74% which is fairly high, so GMAT is an accurate predictor of admissions post interview. The slope of the line suggests that for every 10 points higher your GMAT is, you have a 2% higher chance of admissions. Unfortunately for those with a low GMAT score, you are not on an equal playing field even after being selected for an interview at Ross.
Ross Interview Acceptance Rate by GPA
There is also a relationship between Ross interview acceptance rate and GPA, but the correlation is much weaker. Just from looking at the graph you can see that the data is more spread out from the regression line. The R-squared of 32% is much lower than the R-squared for GMAT of 74%. All else equal, it would help your chance of admission if you have a high GPA, but it does not seem to matter as much as GMAT.
When I analyzed Harvard Business School acceptance rate, I found that GMAT and GPA could not predict acceptance rate from the pool of applicants selected to interview. Which means everyone who was interviewed were on a level playing field once invited to interview. That does not seem to be the case for Ross. In the end, even with a low GMAT or GPA, you still have a 50% of being accepted after your interview. All you can do is prepare for your Ross MBA interview as much as possible and hope for the best.
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.
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
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.
As 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!