Voting In Brookline: Polls Open | Brookline, MA Patch - Brookline, MA Patch

Image
Voting In Brookline: Polls Open | Brookline, MA Patch - Brookline, MA Patch Voting In Brookline: Polls Open | Brookline, MA Patch - Brookline, MA Patch Posted: 03 Nov 2020 12:00 AM PST BROOKLINE, MA —It's Election Day in Brookline, Tuesday, Nov. 3. It's also the final day of voting after weeks of early voting and mail in voting for the 2020 general election. In addition to the presidential and congressional races, there are several key races at the state and local level, as well as five ballot questions. Voting was different this year thanks to rules approved to expand early and mail-in voting in light of the coronavirus pandemic. If you haven't voted already, we've got you. First: head to the Secretary of State's website to check your voter status and find your polling place . Voting on Election Day Polls in Massachusetts are open 7 a.m. to 8 p.m. on Election Day. You can also use the Secretary of State's w

The Most Selective MBA Programs - Poets&Quants

The Most Selective MBA Programs - Poets&Quants


The Most Selective MBA Programs - Poets&Quants

Posted: 17 Apr 2020 12:00 AM PDT

MBA students at the Stanford GSB

What are the most selective MBA programs in the world? Truth is, there's no single metric to answer that question. Undergraduate GPAs, GMAT and GRE scores, college and employer feeders all get at selectivity. But there is a rather telling and critical pair of metrics: acceptance rates and applicants per available classroom seat. When it comes to admit rates, here are the top ten:

The Most Selective MBA Programs In The U.S.

School Admit Rate Apps Per Seat Applications Admits Enrolled
Stanford GSB 6.9% 17.6 7,342 504 417
Harvard Business School 11.5% 9.8 9,228 1,058 938
MIT Sloan 14.6% 12.5 5,200 759 416
Columbia 16.4% 9.8 5,427 888 551
UC-Berkeley Haas 17.7% 12.5 3,540 628 283
Duke Fuqua 22.9% 7.7 3,036 695 395
Wharton 23.1% 6.9 5,905 1,364 855
Chicago Booth 24.2% 7.5 4,433 1,074 593
Yale SOM 25.2% 9.3 3,194 806 345
NYU Stern 26.1% 10.1 3,518 919 350

* All data is for the entering 2019 cohort of full-time MBA students that will graduate in the Class of 2021. The University of Florida's full-time MBA program at the Warrington School would have made the top-tier with an admit rate of only 17.3% but the entering cohort is just 34 students.

FUQUA'S ACCEPTANCE RATE IS NOW SLIGHTLY BELOW WHARTON'S

You'll notice a number of surprises in these numbers that might seem counter-intuitive. Given the decline in applications to full-time MBA programs in recent years, Wharton's acceptance rate is now below Duke University's Fuqua School. Meanwhile, New York University's Stern School of Business and Yale's School of Management both sport admit rates below the much higher-ranked Kellogg School of Management at Northwestern University. In fact, the biggest shock of all is that Kellogg doesn't make the top ten on acceptance rates.

And there are still more surprises when you look at the applicants-per-class-seat numbers. Not surprisingly, no school even comes close to Stanford Graduate School of Business. For every classroom seat at the GSB, there are 17.6 applicants. But it may shock you to know that both MIT Sloan and UC-Berkeley Haas have more applicants per seat than even Harvard Business School, 12.5 vs. HBS' 9.8. Equally surprising is that of these top ten schools, Wharton is last, with just 6.9 applicants for every classroom seat.

Stanford Graduate School of Business

Year in and year out, no prestige MBA program is as selective as Stanford University's Graduate School of Business. It boasts the lowest acceptance rate of 6.9% and the highest number of applicants per classroom seat at 17.6. No other business school comes even close to those metrics. Another way to look at it is that 93% of everyone who applies gets turned down for admission. And when Stanford offers admissions to a candidate, 83% take the school up on its offer. That yield rate is second only to Harvard Business School's 89%. Stanford's average class GMAT score of 734 is higher than any other prestigious MBA program in the world. The class GRE scores are equally impressive: the averages are 165 for both the verbal and quant sections of the test, while the average analytical writing score was 4.9. Some 19% of the enrolled students submitted a GRE score at Stanford: Besides the high standardized test scores, undergraduate grade point averages are up there, too.  For the latest class, they average 3.7. Of the 417 students in the latest class, only three entered without any full-time work experience. Otherwise, incoming students averaged 55 months of full-time work experience.

Harvard Business School

Because of Harvard Business School's much larger class size, more than twice as large as Stanford's, the school can greater latitude to take chances with candidates who might not sync with HBS' high selectivity standards. For the cohort entering in the fall of 2019, the admit rate was 11.5%. It might surprise some that both MIT Sloan and UC-Berkeley Haas, with significantly smaller incoming MBA classes, actually get more apps per classroom seat than HBS but they do: 12.5 apps per seat at MIT and Berkeley versus 9.8 at Harvard. HBS may lose some dual admits to Stanford every year but no school is more successful at getting its admitted applicants to matriculate than Harvard Business School. The school's 89% yield rate, down two percentage points in the past year, is the envy of the business school world. The class average GMAT score for the latest entering cohort was 728 (the median is 730), though the range went from a low of 590 to a perfect 800 score. The median quant score was 48, while the verbal was 41. The average undergrad GPA was 3.7. One in five students got in and enrolled with a GRE score. The median verbal and quant scores were the same: 163. Newly enrolled students at HBS average 4.7 years of full-time work experience and average 27 years of age. All 938 students in the Class of 2021 brought work experience to the game.

MIT Sloan School of Management

Most people assume its Harvard or Stanford at the top, almost always followed by the Wharton School at the University of Pennsylvania. But when it comes to admit rate, MIT Sloan comes next, with an acceptance rate of just 14.6%. Sloan receives more apps per available seat than even Harvard: 12.5 for every spot in a cohort of only 416 which is roughly the same size as Stanford's entering MBA class. MIT's other selectivity stats are predictably up there: The average class GMAT was 727 (with a 730 median), with domestic students averaging 732 vs. international students' 722. MIT doesn't provide a low and high score on the GMAT but rather the middle-80% which was 690 to 760. Some 24% of the students gained entry with a GRE score. Those scores averaged 162 for both the verbal and the quant, with 4.7 on the analytical writing portion of the test. All 416 students had previous work experience, with the average full-time workload of 61 months, and an average age of 28.

Columbia Business School

Never underestimate the appeal of getting your MBA in New York City at an Ivy League university. Columbia is unique in one respect: The school has not one but two intakes in August and January. The two cohorts, each comprised of four terms, merge in the fall of the second year to complete electives as a single class. It's considerably easier to get into the January intake which attracts roughly 30% of the entire graduating class. For the August cohort, the acceptance rate is just 16.4%, with a yield of 66.0%. In fact, CBS gets as many applicants per class seat (8.8) at HBS for that intake. For the smaller January intake, however, the acceptance rate is a surprisingly high 52.1%, with a yield rate of 86.8%. The disparity is largely the result of far fewer applicants for the January intake that leads to the accelerated MBA. Some 234 out of 449 applicants were accepted with 203 enrolled for the January cohort. Combine both cohorts and the acceptance rate balloons to 19.1%. The average GMAT score for the larger August cohort for the full two-year MBA program at Columbia was 732, with a range of 560 to 790. Some 16% of the enrolled students submitted GRE scores for their applications. CBS does not disclose GRE scores which suggests it could be easier to get into the MBA program with a lower GRE. The class average GPA was 3.6. Of the 551 students in the August cohort, 529 had prior work experience which averaged 60 months. The average age of an August cohort student was 28 but ranges between 22 years and 51 (you read that right).

UC-Berkeley Haas School of Business

The small class size of just 283 students, similar to Dartmouth Tuck and Cornell Johnson's two-year MBA program, plus its Bay Area location makes Haas a reach school for many. Haas accepted only 17.7% of its candidates, one of only five prestige MBA programs in the world that admits fewer than one in five applicants. That is why Haas is tied with MIT for having the second most number of candidates per classroom seat available at 12.5. The average class GMAT is 725, with domestic students averaging slightly below at 721 and international students averaging a score of 730. Some 21% of the students get in with a GRE score. Class averages on the GRE were 162 on the verbal and 161 on the quant, with a 4.7 average analytical writing score. The average GPA was 3.67. All incoming students had prior work experience, with the class average at 68 months.

Duke University Fuqua School of Business

That Fuqua is not far behind Berkeley and Columbia and ahead of such schools as Kellogg and Tuck will surprise a lot of people who simply follow the rankings. But the data doesn't lie. Fuqua's acceptance rate of  22.9% makes the school's MBA program more selective than even Wharton or Chicago Booth, with slightly more applicants per classroom seat than either of those two schools which are always at the top of MBA rankings. The average class GMAT score was 705, with domestic students in the Class of 2021 averaging 702 and internationals at 711. Fuqua does not disclose the lowest and highest scores, preferring to give the middle 80% which came to 660 to 740. Some 23% of the students submitted a GRE score to gain entry, with average verbal scores hitting 160, quant scores at 159 and analytical writing scores of 4.5. The average undergraduate GPA for the class was 3.5. All of the 395 students in the entering cohort had prior work experience which averaged 66 months.

University of Pennsylvania Wharton School

If you're surprised that Wharton would accept more applicants than MIT, Columbia, Berkeley or Duke, all you need to know is what has happened to MBA application volume at this excellent school in the past two years. Applicants for the fall 2019 intake fell by 5.4% from 2018 and 11.8% from the school's all-time high of 6,692 in 2017. In fact, last year was the first time in at least eight years that apps dipped below 6,000 at Wharton, and it corresponded with the lowest international student intake — 30% — in at least that span. Make no mistake: It's hard to get into the school's elite MBA program and the admit rate betrays the super high stats required for admission. The average class GMAT score was 732, just two points below Stanford, while the average undergrad GPA was 3.61. The range of GMAT scores for enrolled students went from a low of 540 to 790, though a year earlier Wharton enrolled a student with a 500 GMAT score. Given the school's reputation in finance, it may not be surprising that only 15% of the latest cohort took a GRE to get into Wharton. The average verbal and quant scores on the GRE were 162. Students averaged five years of work experience, though some got in with no full-time jobs on their resumes while the student with the most experience had racked up 16 years of work.

University of Chicago Booth School of Business

Ever since David Booth reached into his pockets and gave the University of Chicago's business school $300 million in 2008, Booth has been a school with momentum. It has used Booth's money to sway many applicants who would have otherwise gone to Wharton, Columbia or other rivals to Chicago. With an acceptance rate of 24.2%, Booth is nipping at Wharton's heels and already has more applicants per class seat than its Philadelphia competitor. The average class GMAT score for the latest entering cohort was 730, just two points below Wharton, with domestic students averaging 729 and internationals at 731. The lowest score was 610, while the highest was 790. The average undergraduate GPA was 3.58. Booth, given its quant/finance profile, had been a laggard in accepting the GRE. It now accepts GRE scores but is probably the only top U.S. school that quietly prefers the GMAT. Some 13% of the latest cohort got in with a GRE with an average verbal score of 163.3 and a quant score of 164.1. All 593 students in the latest intake had prior work experience with the average at 60 months.

Yale School of Management

Few MBA programs or business schools have made as much progress than Yale SOM in the past ten years. But the popularity of this MBA program is evidenced by the fact that it receives more applications per classroom seat, 9.3 apps per seat, than Wharton, Booth, Kellogg or Tuck. The latest acceptance rate of 25.2% put the school clearly in the top ten. The average class GMAT score for the Class of 2021 was 721, with domestic students averaging 719 and internationals at 725. The average undergraduate GPA was 3.64. Yale only provides the mid-80% range of GMAT scores which were 680 to 760. SOM has had a greater percentage of its students get into the MBA program with a GRE score than most rivals and that still is true. One in four MBAs, or 24%, submitted a GRE, with average verbal scores of 165 and quant scores of 164. The analytical writing average was 4.9. Some 327 of the 345 students in the entering cohort have prior work experience, with the average at 61 months.

New York University Stern School of Business

NYU's Stern School of Business rounds out the top ten in selectivity, admitting 26.1% of the applicants to its full-time, two-year MBA experience. The average class GMAT of 721 gets a bit more support from international students who averaged 736, 21 points higher than the domestic average of 715. The lowest GMAT in the class was 600 with the highest 780. The average undergrad GPA was 3.52, with a range of a low of 2.84 and a high of 3.99. Some 18% of the latest cohort used a GRE to get in, with average verbal and quant scores of 162 and 160, respectively, and an analytical writing result that averaged 4.6. It's worth noting that Stern reports that 4% of the entering class got in with an LSAT, a MCAT or a DAT (Dental Admission Test). Some 338 of the 350 students in the Class of 2021 brought prior work experience to the program, with the average being 62 months.

Rounding Out The Top 25 Selective MBA Programs In The U.S.

School Admit Rate Apps Per Seat Applications Admits Enrolled
Northwestern Kellogg 27.0% 8.0 3,779 1,019 474
USC Marshall 29.9% 8.9 1,899 568 214
UCLA Anderson 30.5% 8.2 2,820 860 343
Michigan Ross 30.9% 7.1 2,989 924 421
Dartmouth Tuck 34.5% 17.2 2,032 701 284
Washington Foster 36.0% 7.1 836 311 117
Virginia Darden 36.5% 6.5 2,183 797 336
Texas McCombs 38.1% 7.5 1,941 740 260
Rice Jones 37.3% 5.8 625 233 107
Cornell Johnson 38.3% 5.4 1,535 588 282
Georgia Tech Scheller 40.1% 10.1 444 178 85
Carnegie Mellon Tepper 42.8% 6.3 1,269 543 200
Washington Olin 43.4% 5.2 514 223 98
Minnesota Carlson 47.9% 4.9 359 172 74
Emory Goizueta 49.7% 5.5 742 370 135

* All data is for the entering 2019 cohort of full-time MBA students that will graduate in the Class of 2021.

Northwestern University Kellogg School of Management

We're as surprised as you might be that this world-class M7 school would have an acceptance rate that puts it just outside the top ten. But with an admit rate of 27.0%, it's just a wee bit less than a full percentage point behind NYU Stern. Some context may be in order, however. Last year, applications to Kellogg's two-year residential MBA program plunged by 15.5%, a more severe decline than many other rival programs. The slip made no difference in the quality of the class that entered in 2019, however. The average class GMAT was 730, with a low of 620 and a high of 780. The average undergraduate GPA was 3.64. About 12% of the cohort got in with a GRE, though Kellogg does not disclose those numbers. And it's worth mentioning that these reported stats are for the two-year MBA, not the school's accelerated one-year program which undoubtedly has a higher accept rate just as Columbia's January cohort. All 474 students in the Class of 2021 have prior work experience with the class average hovering at 60 months.

University of Southern California Marshall School of Business

Now this is a real surprise. But if you have been following the rankings, you will already have known that Marshall has been the biggest rankings success story in the past five years. This year, the school's MBA program was ranked 17th by U.S. News, its highest ranking ever. Strong rankings performances, one after the other, brings more applicants and that is how Marshall has brought down its acceptance rate to under 30%, an admit rate that is more choosy than Dartmouth Tuck, Michigan Ross, and UVA Darden, among others. The school now gets nine applicants for every available seat in his entering MBA cohorts. That is even better than Northwestern Kellogg. Rankings aside, Marshall's location in California helps as well. The average class GMAT is now 708, with an 80% middle range of 680 to 740. The average undergraduate GPA of the class is 3.54. Some 29% of the latest cohort got in with a GRE. The average verbal score on the GRE was 161, with a 159 average quant and a 4.5 on the analytical writing portion of the test. All 215 students in the entering class brough prior work experience to the program, with an average of 72 months, a bit higher than most other top business schools.

DON'T MISS: AVERAGE GMAT SCORES FOR THE TOP 50 BUSINESS SCHOOLS or AVERAGE GRE SCORES AT THE TOP 50 BUSINESS SCHOOLS

Comments

Popular posts from this blog

Talk of the Towns: Feb. 6, 2020 - The Recorder

Baker Technical Institute launches Certified Medical Assistant program - Blue Mountain Eagle

For inbound college students — and universities — fall semester presents new choices and dilemmas - Pittsburgh Post-Gazette