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GMAT,Yield,and Selectivity(Kellogg)&Crystal Ball Gazing

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Status: Um... what do you want to know?
Joined: 03 Jun 2007
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Location: SF, CA, USA
Schools: UC Berkeley Haas School of Business MBA 2010
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GMAT,Yield,and Selectivity(Kellogg)&Crystal Ball Gazing [#permalink] New post 27 Aug 2007, 10:15
Not sure how to move topics Praet, but I think this thread below will be better suited for B-school applications... then again, it also encourages people to get better GMAT scores... I'm torn ;)

http://www.gmatclub.com/phpbb/viewtopic ... 229#239229
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 [#permalink] New post 27 Aug 2007, 11:53
CMU has a breakdown of GMAT scores (not nearly as detailed) for three classes and its amazing to see the increase in the amount of their class with >700 GMAT scores. From the class of 2006 to the class of 2008, students with GMATS of >700 went from 47% of the class to 56% of the class. This seems give a little support to the claim that schools in the teens in the rankings increase their GMAT as a way of building their schools repuation.

http://www.tepper.cmu.edu/mba/admission ... index.aspx
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 [#permalink] New post 27 Aug 2007, 12:20
wow, good info! It seems that ALL schools' GMAT scores have been going through the roof. Both UCLA and Berkeley have higher mean GMAT scores than some UEs! I hope this year a high GMAT score will still help, because I can see that in the future you'll need a 780 for it to have any benefit to your application...
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 [#permalink] New post 27 Aug 2007, 12:55
It does seem like 710 is the new 700. Once you are 30-40pts over the avg you are still well above most applicants and its not going to keep going up too much. Its probably safe to assume that certain groups are really helping to jack up those scores and also that the increased use of prep courses plays a roll in that.

I think people need to remember its going to be a bell curve with the majority of the applicants being crowded around the 700 range. With that as the benchmark for most people its where a lot of people have their scores. People with 650 test to bring their scores up to a 700, while people with 700+ generally don't. If you get a 700 the first time you usually don't attempt again unless you know you can really improve. So the further towards the high side of the 700s you get the more you improve your chances. A 780 is going to balance out 3 or 4 scores slightly below a schools average. If a school wants to accept some billionaire's kid who has a 640 they are going to have to have someone with a 760-770 just to equal our his score. A high score isn't going to get you in but I think given the choice we all would take the highest score possible.
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 [#permalink] New post 27 Aug 2007, 13:13
riverripper wrote:
If a school wants to accept some billionaire's kid who has a 640 they are going to have to have someone with a 760-770 just to equal our his score.


I would like to say to all the schools that I am applying to: I am perfectly fine with being used in this fashion.
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 [#permalink] New post 27 Aug 2007, 13:26
riverripper wrote:
If a school wants to accept some billionaire's kid who has a 640 they are going to have to have someone with a 760-770 just to equal our his score.

Hmm .. so the billionaire kids do serve a purpose in life. May Wharton need a lot of billionaire kids this year.

Last edited by mNeo on 27 Aug 2007, 13:29, edited 2 times in total.
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 [#permalink] New post 27 Aug 2007, 13:27
LOL! Same here... please "use" me as much as you like, oh great Elite schools! ;)

But this whole discussion has definitely dug up some very interesting "math" that the adcoms must do when they decide on candidates. I'm imaginging this scenario:

A: "Ok, we have a pile of 10 very good candidates with GMAT scores of 650 here that we'd like to admit. Hey B, how does the pile of good candidates with GMAT scores of 750 look?"

B: "Hrm... we have 10 750's here too that are good, but most likely more of them will ditch us for the H/S/W, so we probably need 15 750's. Let's admit 5 more 750's with slightly weaker backgrounds."

A: "Good idea, but we may have to drop a few 600's to fit the extra 750's..."

and so forth... ;)
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 [#permalink] New post 27 Aug 2007, 13:47
I think of them doing more ok lets pile everyone up and depending on your score its a harder hill to climb. I just think that if you are way at the further below the average that much harder it becomes...probably doesn't work the other way as much since there are going to be enough solid candidates with 770s to choose between to balance out that gold medal winning former nun.

<650 You better be spectacular, a dad whose name is on a building, a mom who is a senator, Or some very under represented minority.
650-680 You have to be a very very good candidate, under represented minority, or have a great story to tell.
680-720 You have to be a solid candidate overall this is where most everyone falls so what sets you apart from the 100 other bankers from Yale?
720-760 Getting easier, slight weaknesses (GPA) can be overlooked but still need a solid app.
770+ Ok how many do we balance out the Bush twins?
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 [#permalink] New post 27 Aug 2007, 14:01
it is somewhat unfortunate that kids of famous people or rich people get so many benefits... Then again, we do need *some* people in our classes to make us feel better about ourselves. ;)

Darn... wish I got a 770+...
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 [#permalink] New post 27 Aug 2007, 14:11
If Paris Hilton applies to a B-School, then I am certainly going to apply to the same school. They will have to pick so many 770+ers to make up for Hilton's GMAT score of -500 that I will certainly get an admit :-D

I am getting this feeling of hatred towards rich people right now. I wonder why :x
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 [#permalink] New post 27 Aug 2007, 14:36
mNeo wrote:
If Paris Hilton applies to a B-School, then I am certainly going to apply to the same school. They will have to pick so many 770+ers to make up for Hilton's GMAT score of -500 that I will certainly get an admit :-D

I am getting this feeling of hatred towards rich people right now. I wonder why :x


mNeo, dont fret.

I just gazed into my crystal ball and had a vision that you are going to be IN at Wharton. Seriously, donno why, but whenever I think of your profile, I sense that Wharton is going to take you. :-D

Sure, go ahead and slap me for not saying Stanford.
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 [#permalink] New post 27 Aug 2007, 14:41
I can certainly manage with Wharton. So as long as your crystal ball sees Wharton or Stanford for me, I am more than happy. Thanks, ncprasd :)

One thing is for sure. 20 years from now, when I have some money in my bank, I am certainly going to set-up "mNeo center for entrepreneurship" in U of Penn, so that mNeo junior has it easier than me when his time comes :roll:
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 [#permalink] New post 27 Aug 2007, 14:44
mNeo wrote:
One thing is for sure. 20 years from now, when I have some money in my bank, I am certainly going to set-up "mNeo center for entrepreneurship" in U of Penn, so that mNeo junior has it easier than me when his time comes :roll:


May be ncprasad junior can then get angry at rich spoilt kids like mNeo junior, who have it easy for them.

:lol:
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 [#permalink] New post 27 Aug 2007, 14:46
Come to think of it. I have a gut feeling as to where all of us are going to get in. kryzak, kripal, aviroop, dabots, river et al.

I will bite my lip for now and let it remain my own private little game.

EDIT: Compelled by mNeo's request, here's my prediction. Now, dont slam me if you dont like it. :oops


grad_mba - Stanford
kryzak - Haas/UCLA
kripal - Darden
aviroop - Chicago
dabots - MIT
river - MIT
Last but not least, ncprasad - Ross

Last edited by ncp on 29 Aug 2007, 19:26, edited 4 times in total.
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 [#permalink] New post 27 Aug 2007, 14:56
Are you kidding me? How can you keep that vision to yourself? :x

I've edited your post to give you more space for each of us. Now start telling us who is going where.
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 [#permalink] New post 27 Aug 2007, 15:03
mNeo wrote:
Are you kidding me? How can you keep that vision to yourself? :x

I've edited your post to give you more space for each of us. Now start telling us who is going where.


Done.
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 [#permalink] New post 27 Aug 2007, 15:03
I'm interested in seeing where the crystal ball will say I get into! ;)

Kellogg essays look hard again... I hate this daily "easy, hard, easy, hard" roller coaster...
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 [#permalink] New post 27 Aug 2007, 15:04
Come on then. Look into your crystal ball for me ncprasad...
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 [#permalink] New post 27 Aug 2007, 15:13
bsd_lover wrote:
Come on then. Look into your crystal ball for me ncprasad...


bsd, mNeo already did that for you. He predicted Columbia-J Term and Princeton M-fin if I remember this right.
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 [#permalink] New post 27 Aug 2007, 15:18
haha, thanks ncprasad! :) I would still prefer to get into Stanford though, but that's just wishful thinking ;)

Bernie
  [#permalink] 27 Aug 2007, 15:18
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