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Stanford MBA Acceptance Rate Analysis

When I first built the Stanford MBA acceptance rate model, it showed that GPA had little to no impact on acceptance rate. I have reevaluated the data and now I believe that GPA does matter when applying to Stanford. Although GPA has an impact on acceptance, GMAT is still more important for Stanford MBA admissions.

Stanford MBA Acceptance Rate by GMAT

Stanford MBA Acceptance Rate by GMAT Business School AdmissionGMAT is very important when applying to Stanford’s business school. When an applicant increases their GMAT by 100 points, from 650 to 750, they increase their chance of admission 8 fold. Average GMAT is over 730 points, which means an applicant must have a GMAT north of 750 for an acceptance rate in the double digits.

Stanford MBA Acceptance Rate by GPA

Stanford MBA Acceptance Rate by GPA Business School AdmissionMy new analysis demonstrates that GPA is actually important when applying to Stanford GSB. The average GPA of a Stanford applicant is 3.56. Each “.10” increase in GPA raises acceptance rate at Stanford by approximately 1%.

Stanford MBA Acceptance Rate GMAT vs. GPA

Stanford MBA Acceptance Rate by GPA Business School AdmissionAlthough both GMAT and GPA are important factors that influence an applicant’s chance of admission to Stanford Graduate School of Business, GMAT is more important than GPA. A high GMAT increases acceptance rate at Stanford by 5%*. On the other hand, a high GPA only increase acceptance rate by 3%.

I was not happy with the original predictive model I built for Stanford. I updated my methodology for building the model, mainly in the way I cleaned the data. The results above represent my new model. Below I compare the performance of the old and new model. In order to evaluate performance, I grouped applicants into buckets based on their predicted acceptance rate, then looked at the actual acceptance rate was for that group. The X-axis is the predicted acceptance grouping and the Y-axis is the actual acceptance rate.

Original Stanford MBA Model Performance

Original Stanford MBA Acceptance Rate Model PerformanceAlthough the graph above looks like it does a good job of predicting the acceptance rate at Stanford. The results are deceptive because almost all of the population fall into the 3% – 6% or 6% – 9% groups, which have little separation.

New Stanford MBA Model Performance

New Stanford MBA Acceptance Rate Model PerformanceThe new model clearly shows significant differentiation, with the exception of the 6% – 9% group. The biggest problem is that the 6% – 9% group has an acceptance rate that is over estimated and the above 9% population is under estimated. The main difference between the original model and new model is the distribution of predictions seen below.

Stanford MBA Model Distribution: New vs. Old

Stanford MBA Acceptance Rate Model Population DistributionIn the original model, 82% of all applicants  fell into the 3% to 9% range with only 5% of applicants below 3% or above 12%. The new model has a much more even distribution of applicants. The number of low and high acceptance rate applicants has increased from 5% to 24%.

Data used to create this post came from GMAT Club, which is one of the best websites for preparing for the GMAT.

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

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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!

GPA unimportant 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.

Stanford GPA Impact on Acceptance

stanford gpa MBA business school acceptance rate

Stanford is the most select MBA program in the country. If you hope to be accepted, then you need to put together a very strong application. It is important to understand how at Stanford GPA will impact your chance of admission before deciding if you want to apply.

Unfortunately, once you finish your undergraduate degree, you GPA is set in stone. At this point the only metric you can improve is your GMAT. However, knowing where you stand with GPA can help you to set your GMAT goal so that you still have a competitive chance of being admitted by Stanford.

Stanford GPA by Acceptance Rate

Stanford GPA MBA Acceptance Rate Business School

As you can see, at Stanford GPA has little impact on acceptance rate until it increases over 3.6. Above 3.6, acceptance rate increases by almost 50% compared to below 3.6. Applicants who have a GPA that is higher than 3.9 have a 200% higher chance of being admitted compared to students below 3.6. Although the below 3.0 applicants do not seem to suffer from a lower acceptance rate than applicants with a 3.0 to 3.6, the data for that population is very thin and is likely to have significant error. It is reasonable to assume that it will be difficult to be admitted at Stanford with a GPA below 3.0.

If you are luck enough to be invited by Stanford for an interview. It is important to work hard during interview preparation to maximize your chance of admission. Top MBA programs put a lot of weight on interpersonal skills, so you don’t want to slack off when it comes to the interview.

To create this Stanford GPA analysis, I used data from GMAT Club. The data included applicants for the class of 2014, 2015 and round 1 of 2016.

More recent analysis on the impact of GPA on Stanford admission rate shows that GPA is not an important factor, but GMAT is.

Stanford GMAT vs. GPA: Which is more important?

stanford gmat gpa MBA business school acceptance rateStanford is tied currently tied with Harvard and Wharton as the #1 MBA program in the world. Stanford’s acceptance rate is extremely low, at 6.8%. With such a low acceptance rate, it is important to understand how at Stanford GMAT and GPA affect your chance of admissions. Every school weighs the importance of GMAT and GPA differently. Today I will look at how Stanford compares the two metrics. For this analysis, I only included applicants who were accepted and are on the margin. We don’t learn much by seeing that Stanford accepted a student with a 3.98 GPA and a 790 GMAT, but we do learn a lot by analyzing the profile of applicants who were just barely accepted. Top MBA schools prefer candidates with high GPA and GMAT, but they are often willing to accept an applicant with low GPA if that applicant has a high GMAT. The same is true for applicants with low GMAT and high GPA.

Stanford GMAT vs. GPA

Stanford GMAT vs. GPA GSB MBA Admissions Acceptance

Unfortunately, Stanford data is a little thin because their acceptance rate is so low, but we get a reasonable idea of the GMAT vs. GPA tradeoff. At Stanford GMAT vs. GPA slope is -.005, which means that 100 GMAT points are roughly worth .5 GPA points. So a 680 GMAT with a 3.87 GPA would be viewed roughly similar to a 780 GMAT with a 3.37 GPA. This slope is less steep than most other schools, which means that, compared to other schools, Stanford prefers high GPA over high GMAT. The only school with a lower slope is Stern, which had a -.0043.

Check out how some of the other schools weigh GMAT vs. GPA:

Upenn / Wharton GMAT vs. GPA

Harvard GMAT vs. GPA

MIT / Sloan GMAT vs. GPA

Dartmouth / Tuck GMAT vs. GPA

NYU / Stern GMAT vs. GPA

The data for this post is from GMAT Club. I used the admissions data from the class of 2014, 2015, and R1 admits for 2016.

I have published a more recent Stanford business school acceptance rate analysis which has more accurate findings on GMAT and GPA at GBS.