Narrowing down your choice for B schools
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19 Sep 2013, 01:35
Hi,
I came across some interesting article from findmba.com regarding which bschools to apply based on GMAT score. Thought of sharing it.
Here it goes.
If you apply for a school where your GMAT is equal to, or higher than, the average you stand a better chance of admission than at schools where your GMAT is below average. The GMAT isn't the only factor for business schools: if you have an unusual or desirable background then you can get away with being average or below average. However, many people using this site - and especially Indians - are in a highly competitive situation where they have to be better than average to get into a school.
In the list below, I've taken most of the world's leading business schools and broken them into four tiers. The average GMAT score at each school is used to create the tiers. Within each tier, the schools are ranked by average alumni salary. As a rule of thumb, the ten schools at the top of a tier have a higher salary than than the ten schools at the bottom of the previous tier, often because the professional background and educational quality is better at those schools.
If you're a strong candidate, apply towards the top of the tier where your GMAT is similar to the average.
If you are in a very competitive group (like a male engineer or IT guy), or from a country with a large number of MBA applicants (like from India or China), or you have the bare minimum of work experience, then apply one, two or three tiers lower to maximise your chances of admission or financial aid.
If you have less work experience, you'll generally be a more competitive candidate towards the bottom of the tier you are targetting.
GMAT Tier 1 - GMAT over 690
Stanford University GSB
Indian Institute of Management, Ahmedabad (IIMA)
University of Pennsylvania: Wharton
Harvard Business School
Columbia Business School
MIT Sloan School of Management
Dartmouth College: Tuck
University of Chicago: Booth
Insead
Yale School of Management
London Business School
University of California at Berkeley: Haas
Northwestern University: Kellogg
Cornell University: Johnson
New York University: Stern
UCLA: Anderson
University of Michigan: Ross
Duke University: Fuqua
Indian School of Business
University of Oxford: Saïd
University of Virginia: Darden
Ceibs
University of North Carolina: Kenan-Flagler
GMAT Tier 2 - GMAT over 670
IE Business School
IMD
University of Cambridge: Judge
Cranfield School of Management
Iese Business School
Georgetown University: McDonough
Carnegie Mellon: Tepper
HEC Paris
Emory University: Goizueta
University of Texas at Austin: McCombs
Rice University: Jones
Vanderbilt University: Owen
University of Rochester: Simon
Boston College: Carroll
University of Notre Dame: Mendoza
University of Washington Business School: Foster
Wisconsin School of Business
Georgia Institute of Technology
Boston University School of Management
University of California at Irvine: Merage
University of California: Davis
Ohio State University: Fisher
Brigham Young University: Marriott
Arizona State University: Carey
GMAT Tier 3 - GMAT 650 or higher
Hong Kong UST Business School
Esade Business School
City University: Cass
Australian School of Business: AGSM
Imperial College Business School
Indiana University: Kelley
Melbourne Business School
University of Maryland: Smith
SDA Bocconi
Pennsylvania State University: Smeal
Wake Forest University: Babcock
Vlerick Leuven Gent Management School
Nanyang Business School
University of Western Ontario: Ivey
University of Illinois at Urbana-Champaign
National University of Singapore School of Business
Purdue University: Krannert
Pepperdine University: Graziadio
University of Toronto: Rotman
University of Florida: Hough
McGill University: Desautels
University of Iowa: Tippie
University of British Columbia: Sauder
York University: Schulich
SP Jain Center of Management
GMAT Tier 4 - GMAT under 650
University of Cape Town GSB
University of Southern California: Marshall
Manchester Business School
Babson College: Olin
Lancaster University Management School
Warwick Business School
Texas A & M University: Mays
Rotterdam School of Management, Erasmus University
Hult International Business School
University College Dublin: Smurfit
University of Strathclyde Business School
SMU: Cox
Thunderbird School of Global Management
University of Edinburgh Business School
University of Georgia: Terry
Durham Business School
Kaist College of Business
College of William and Mary: Mason
Birmingham Business School
Ipade
Leeds University Business School
University of South Carolina: Moore
Eada
EM Lyon Business School
Incae Business School
Bradford School of Management/TiasNimbas Business School
Politecnico di Milano School of Management
IAE Business School
If you know the average GMAT and salary for any other schools, or if you you think a school should be in a different tier, then let me know. Where possible I am using median rather than mean GMATs, so don't be surprised if there are a few differences. School that use scholarships to bring in a small number of very high GMAT students to pump up the mean (like Georgetown, Hult, and TiasNimbas) might not be where you expect.
Hope its informative.