Tag Archives: Ross

MBA Concentration Acceptance Rate Analysis

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.

I was curious if the industry an applicant is trying to transition into impacts their MBA acceptance rate. My theory was that there are a lot of people trying to transition into consulting, banking and technology, so there may be oversupply for those concentrations. Perhaps a candidate would stick out if they are pursuing a more unique career. I took the business school admissions data from GMAT Club and looked at the acceptance rate by stated concentration. First I decided to look at the top 20 schools in aggregate, to ensure the results were statistically significant. I was surprised by how much the acceptance rate varied depending on MBA concentration.

MBA Acceptance Rate by Concentration

MBA Concentration Acceptance Rate Business SchoolThe average acceptance rate for top 20 schools is 23%. Many of the concentrations towards the top are fairly small with the exception of Marketing. As you can see, there is a huge range in the acceptance rates based on industry focus. With Social Entrepreneurship applicants 2.5 times more likely to be admitted than applicants interested in Technology or Operations. Most of the results don’t surprise me, business schools seem to be trying to help the world right now, so it is no shock that Social Entrepreneurship, Nonprofit and Sustainability are all in the top half. With the crisis in the Healthcare industry, the high acceptance rate for Healthcare applicants is also logical I am a little surprised that Real Estate is so high and Technology is so low. There is not a lot of focus on Real Estate that I have seen in business school, so I didn’t expect it to be the concentration with the second highest acceptance rate. On the other hand, Technology is very hot right now, so it is shocking the admissions rate is so low.

Since this data does not have gender included, it is possible that the acceptance rates are skewed by gender concentrations. More women tend to focus on Nonprofit, Social Entrepreneurship, Marketing and Healthcare, which could have bumped up the acceptance rate. Many schools are trying to increase their female enrollment, so women tend to have higher acceptance rates. At the other end of the spectrum, industries such as Operations and Technology are more dominated by men, which likely led to the low acceptance rates in those concentrations.

In the end, I wouldn’t recommend outright gaming the system. Don’t say you want to pursue Social Entrepreneurship rather than Technology if Tech is really what you are passionate about. It will likely show in your application. However if you are unsure of what you want to focus on, it would make sense to chose the concentration you are interested in that has the highest acceptance rate. There was a lot of variance by school. The chart below shows some of the highest and lowest acceptance rate concentrations by school. Take these findings with a grain of salt because the sample size is pretty small.

School Increase Acceptance Rate Lower Acceptance Rate
Stanford Social Entrepreneurship Finance, Entrepreneurship
Harvard Entrepreneurship Finance*
Wharton Healthcare* Finance, Entrepreneurship, Marketing
Booth Healthcare*, Marketing* Entrepreneurship, Finance, Operations*
Sloan Marketing, Social Entrepreneurship* Technology*, Operations*
Kellogg Entrepreneurship, Marketing, Social Entrepreneurship Operations*, Technology*
Haas Entrepreneurship, Healthcare Operations*, Technology*
Columbia Social Entrepreneurship Entrepreneurship, Marketing, Healthcare
Tuck Healthcare, Marketing Finance, Technology*
Darden Marketing Entrepreneurship, Finance
NYU Entrepreneurship, Finance, Marketing*
Ross Entrepreneurship, Marketing, Healthcare*, Social Entrepreneurship* Finance, Operations*, Technology*
Duke Healthcare, Marketing, Social Entrepreneurship* Finance, Operations*, Technology*
Yale Marketing*, Social Entrepreneurship* Entrepreneurship
Anderson Finance, Marketing Entrepreneurship, Technology
Cornell Finance Entrepreneurship, Operations
McCombs Entrepreneurship, Marketing Finance
Kenan-Flagler Finance, Healthcare*, Marketing*
Tepper Entrepreneurship, Operations, Marketing* Finance
Emory Marketing Finance

*This concentration had a very large increase or decrease.

MBA Waitlist Acceptance Rate Rank

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
1 Stanford 9%
2 Harvard 2%
3 Wharton 6%
4 Booth 15%
5 Sloan 8%
6 Kellogg 6%
7 Haas 4%
8 Columbia 6%
9 Tuck 10%
10 Darden 16%
11 NYU 3%
11 Ross 11%
13 Duke 4%
13 Yale 3%
15 Anderson 18%
16 Cornell 11%
17 McCombs 8%
18 Kenan-Flagler 46%
19 Olin 30%
20 Tepper 13%
21 Emory 4%

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
1 Kenan-Flagler 46%
2 Olin 30%
3 Anderson 18%
4 Darden 16%
5 Booth 15%
6 Tepper 13%
7 Ross 11%
8 Cornell 11%
9 Tuck 10%
10 Stanford 9%
11 Sloan 8%
12 McCombs 8%
13 Kellogg 6%
14 Wharton 6%
15 Columbia 6%
16 Emory 4%
17 Duke 4%
18 Haas 4%
19 Yale 3%
20 NYU 3%
21 Harvard 2%

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.

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 Rank School Round 1 Round 2 Round 3 Round 4
1 Stanford 8% 5% 2% –
1 Wharton 19% 16% 0%* –
1 Harvard 12% 6% 4% –
4 Booth 29% 25% 15% –
5 MIT 16% 11% – –
6 Kellogg 26% 23% 20%* –
7 Haas 17% 17% 6%
8 Columbia 23% 20% – –
9 Tuck 28% 29% 22% 9%
10 NYU 29% 27% 21%
11 Ross 41% 42% 38%* –
11 Darden 32% 33% 16% –
13 Yale 24% 27% 9% –
14 Duke 31% 33% 21% –
15 McCombs 38% 36% 28% –
16 Anderson 26% 34% 9% –
17 Johnson 39% 36% 37% –
18 Tepper 24% 38% 43% –
19 Kenan-Flagler 36% 40% 60% –
20 Emory 26% 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 Rank School Round 1 Round 2 Round 3 Round 4
1 Kenan-Flagler 36% 40% 60% –
2 Tepper 24% 38% 43% –
3 Ross 41% 42% 38%* –
4 Johnson 39% 36% 37% –
4 Emory 26% 40% 37% –
6 McCombs 38% 36% 28% –
7 Tuck 28% 29% 22% 9%
8 NYU 29% 27% 21%
8 Duke 31% 33% 21% –
10 Kellogg 26% 23% 20%* –
11 Darden 32% 33% 16% –
12 Booth 29% 25% 15% –
13 Yale 24% 27% 9% –
13 Anderson 26% 34% 9% –
15 Haas 17% 17% 6%
16 Harvard 12% 6% 4% –
17 Stanford 8% 5% 2% –
18 Wharton 19% 16% 0%* –
19 MIT 16% 11% – –
19 Columbia 23% 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.

School Variable R1 R2 R3
Booth GMAT 735 739 728
Booth GPA 3.61 3.62 3.58
Booth Age 27 28 29
Harvard GMAT 735 728 720
Harvard GPA 3.61 3.57 3.54
Harvard Age 27 27 27

* Sample size is 30 or fewer applications.

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!

Ross Interview Acceptance Rate Analysis

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

Ross Interview Acceptance Rate by GMAT Michigan MBA Business School AdmissionsIn 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

Ross Interview Acceptance Rate by GPA Michigan MBA Business School AdmissionsThere 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.

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!