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We begin our tour of the US ultra elites with Northwestern University (Kellogg).
The Chicago Economic Area is the fourth largest in the US in terms of personal income.
FT 2005 ranks Northwestern #11 worldwide and #9 in the US.
Its ranks in 2004 and 2003 were similar. In FT 2003, it was ranked just below NYU and just above MIT. In 2001 and 2002, all of the other ultra elites enjoyed higher ranks than Northwestern (contrast with BW ranking below).
EIU 2004 ranks Northwestern #1 in the world.
BW 2004 ranks Northwestern #1 in the US. From 1988 though 2004 the lowest showing for Northwestern has been #3. The 2004 ranking is the fifth time Northwestern was #1 for BW (Penn has received "only" 4 #1 rankings by BW).
Northwestern shows how GMAT score and matriculation are not independent. Based on contingency table analysis, the odds of an applicant in the above 740 group enrolling is is nearly twice the odds of an applicant in the sub650 group enrolling. This almost certainly understates the odds ratio of acceptance since students with lower admissions attributes tend to be more likely to accept an offer from a highly selective school.
NB: Kellogg's official releases show somewhat different values acceptance rates. For instance, they assert that the acceptance rate for 650-690 applicants was more than 15%.
From these data, higher GMAT scores are clearly associated with a higher chance of acceptance. Note how students with scores of 700 or higher are far more likely to be accepted than those with GMAT below 650 (the odds ratio of Sub650/Above690 is approximately 4.7).
Approximate yield data show the typical pattern (accepted students with lower qualifications are more likely to enroll)
Sub650: 74% of accepted enroll
650-690: 72% of accepted students enroll
Northwestern is often ranked among the top dozen programs for finance. It is not nearly as strong in finance as it is in Marketing but then again it is perhaps the very best school in that field. Northwestern is not as strong as its fellow ultraelites such as Penn and Chicago when it comes to finance, but few schools are.
I've just gotten 740 on my GMAT and I'm planning on applying for Fall 2007 deadline.
I have 4 years of work experience in a technology oriented publication. I currently reside as the assistant managing editor. I've had great success in this field, and I would like an MBA to help me do even better in the technology publication industry.
I went to a top 50 US techonology oriented institute, graduating with a 3.6 GPA. My major was Electronic Arts, with a minor in CompSci and another minor in Game Studies.
My long-term goal: To start up a technology publication of my own.
But first, I'd like to go to Kellogg's because I want to concentrate on marketing. Too often do I see mistakes made by those in touch with the tech-world and not so much with reality. I think an MBA will help me bridge the gap between the "nerdy" and the corporate savvy.