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08 Dec 2014, 05:00
| FROM Pro GMAT: Accepted Interview |
A quick update for this week. I got interviewed by accepted a few days before and it got published this week. You can read it here. MBA Applicant Interview with ProGMAT https://t.co/JMvZFDMDYI — Linda Abraham (@Accepted) December 3, 2014 I also did some research on the final list of the schools. I published my first list of selected … Continue reading →
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08 Dec 2014, 07:01
| FROM Naija MBA Gal: True Heroes |
Hero (n): a person, who is admired or idealized for courage, outstanding achievements, or noble qualities. As my application journey gradually comes to a (happy) end, I would like to say a few words about the unspoken and uncelebrated heroes of this process. The people who made my application what it was, gave me invaluable advice, encouraged me […]
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08 Dec 2014, 13:01
| FROM MBA Data Guru: Harvard Business School Acceptance Rate Analysis |
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Harvard Business School Acceptance Rate Analysis How can anyone ensure that they will be accepted to Harvard Business School? Unfortunately there are no assurances at the number one ranked business school which has anacceptance rate of 12%. This analysis will show you what the Harvard Business school acceptance Rate is based on key stats such as GMAT and GPA. Harvard Business School Acceptance Rate by GMAT Similar to all other business schools, Harvard does care about your GMAT score. As you can see in the graph below, a higher GMAT results in a better chance of admission. If you want a double digit chance of admission you had better score a 740 or higher. Even at 800 the HBS acceptance rate is surprisingly only predicted to be 16%.  Harvard Business School Acceptance Rate by GPA Next we look at how GPA affects Harvard Business School acceptance rate. Obviously a higher GPA results in a better chance of admission at HBS. Acceptance rate doesn’t break into the double digits until you hit 3.7. This reminds me of why I didn’t even bother applying to Harvard with my 3.33 GPA. Damn you engineering, why did you ruin my grades?  Harvard Business School Acceptance: GMAT vs. GPA The real question is which is more important for raising your Harvard Business School acceptance rate, GPA or GMAT? In the graph below I compare how much the admissions rate changes if I alter the GMAT or GPA by a standard deviation. A standard deviation is a measure of variance in a population or sample. Since I can’t compare the absolute variance because GMAT and GPA are on different scales, I compare how the shift of one standard deviation impacts the Harvard MBA acceptance rate.  Unlike at Stern and Wharton, Harvard values GPA over GMAT. Harvard acceptance rate increases by 30% when GPA increases by one standard deviation but only by 25% when GMAT increases by a standard deviation. This indicates that GPA is more important than GMAT at HBS, and they are willing to roll the dice on a candidate with low GMAT like the guy who was accepted last year with a 550. Other HBS Acceptance Rate Insights The round you apply in does have an impact on your chance of being accepted at HBS. The difference in acceptance rate for round 2 applicants was statistically significant in the predictive model I built and had a negative impact. On the other hand round 3 was not statistically significant despite having an even lower acceptance rate because so few people apply during that round that I don’t have enough data. Perhaps after this recruiting year is over I’ll have enough data and update the model.  If you want to maximize your chances of getting into Harvard, then be sure to apply during round 1. Additional work experience does increase your odds of getting into Harvard by a small amount, roughly .5% per year. I’m sure a lot of peoples’ next question is what about the 2+2 program? I do know about the 2+2 program Harvard has but I can’t tell which candidates are applying through the 2+2 program vs. not. However I can tell you that of the 59 people in my sample who are 24 years old or younger , none were admitted. So although it is possible to get in if you are younger, it certainly is more challenging. Next I’ll mention a few factors that are out of your control in the short term but should be known so you can plan accordingly. Similar to Wharton, applicants who are applying from India have a lower chance of admissions, 1.5% vs 9.4%. Applicants who majored in finance have a significantly lower chance of being admitted, 2% vs. 10%. And finally applicants who have worked in venture capital or the military have a much higher admissions rate, 16% and 17% respectively. Good luck with your Harvard applications! MBA Data Guru - Data and analytics that will help you in the MBA admissions process |
Updated on: 10 Dec 2014, 17:57
| FROM MBA Data Guru: Ross Acceptance Rate Analysis |
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Ross Acceptance Rate Analysis I received a request from the0ther0n3 to analyze the Ross acceptance rate after he saw the Stern acceptance rate analysis. I had not been planning to look at Ross for a few weeks, but if you request data analysis from me, I will do my best to finish that analysis as fast as possible. I plan to post the Ross admission calculator online as soon as I have time to build that portion of the website, probably over Christmas break. In the mean time I will share some of the insights I got from building the predictive model. Ross Acceptance Rate by GMAT Obviously your chance of admission to Ross School of Business increases if you score higher on the GMAT. The good news is that Ross’s acceptance rate of 34% is significantly higher than almost all other business schools in the top 20. The Ross class of 2016 profile shows that the average GMAT and GPA are 702 and 3.4 respectively. The data used to create this analysis comes from GMAT Club. Of the applicants in my data set, 84% had GMAT of 700 or higher, which means that I am fairly confident about the relationship between GMAT and admissions in the 700’s but not as confident in the 600’s.  To create the graph above, I used the average GPA from my data set which is 3.42 and then shifted the GMAT score in my model. The model takes into account the interaction of GMAT, GPA, years of work experience, undergraduate major and the industry you worked in. Ross Acceptance Rate by GPA Next I looked at how GPA affects Ross acceptance rate. I’m sure it is not a surprised to hear that a higher GPA increases your chance of admissions at Michigan school of business.  Ross Acceptance Rate: GMAT vs. GPA The real question is which is more important for raising your Ross acceptance rate, GPA or GMAT? In the graph below I compare how much the admissions rate changes if I alter the GMAT or GPA by a standard deviation. A standard deviation is a measure of variance in a population or sample. Since I can’t compare the absolute variance because GMAT and GPA are on different scales, I compare how the shift of one standard deviation impacts the Ross MBA acceptance rate.  As you can see the slope is steeper for the GMAT line. This means that Ross prefers applicants with a high GMAT over applicants with a high GPA. One standard deviation higher in GMAT increases acceptance rate by 22% while a standard deviation in GPA only increases chances of admission by 14%. Other Ross Acceptance Rate Insights similar to Harvard and Wharton, at Michigan the acceptance rate is noticeably lower for Indian applicants vs. non-Indian applicants, 17% vs. 41% respectively. Engineering majors have a lower chance of admission while liberal arts majors have a higher chance. Many schools are trying to increase the number of women in their program. The higher acceptance rate for liberal arts majors may reflect Ross trying to attract more women, however my data set is missing gender information. More years of work experience increases the chance of admission by around 2.5% per year. Also military applicants have a higher chance of admissions. Good luck with your applications! MBA Data Guru - Data and analytics that will help you in the MBA admissions process |
10 Dec 2014, 08:01
| FROM Naija MBA Gal: Waiting for the rain part 2 |
I’m waiting for Booth and Sloan to release their admission decisions. So far, I don’t feel stressed but it has occurred to me that I need to start planning for school. Maybe not the finer details since I’m not yet sure of which state I will be going to. But I’m doing a lot of dreaming, […]
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10 Dec 2014, 15:01
| FROM MBA Data Guru: Ross Interview Acceptance Rate Analysis |
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Ross Interview Acceptance Rate Analysis Earlier today I posted the Ross acceptance rate analysis which shows how GPAand GMAT scores affect your chance of admission at University of Michigan’s MBA program. I received a request to see if GMAT and GPA can still predict acceptance rate out of the applicants who were selected to interview. I would never want to disappoint a reader, so here is my Ross interview acceptance rate analysis. While reading this analysis, keep in mind that around 62% of interviewed applicants are accepted, which is higher than schools like Harvard and Wharton but lower than Stern. Ross Interview Acceptance Rate by GMAT  In the graph above you can see that there is a clear relationship between Ross acceptance rate even among the applicants selected to interview. The R-squared is 74% which is fairly high, so GMAT is an accurate predictor of admissions post interview. The slope of the line suggests that for every 10 points higher your GMAT is, you have a 2% higher chance of admissions. Unfortunately for those with a low GMAT score, you are not on an equal playing field even after being selected for an interview at Ross. Ross Interview Acceptance Rate by GPA  There is also a relationship between Ross interview acceptance rate and GPA, but the correlation is much weaker. Just from looking at the graph you can see that the data is more spread out from the regression line. The R-squared of 32% is much lower than the R-squared for GMAT of 74%. All else equal, it would help your chance of admission if you have a high GPA, but it does not seem to matter as much as GMAT. When I analyzed Harvard Business School acceptance rate, I found that GMAT and GPA could not predict acceptance rate from the pool of applicants selected to interview. Which means everyone who was interviewed were on a level playing field once invited to interview. That does not seem to be the case for Ross. In the end, even with a low GMAT or GPA, you still have a 50% of being accepted after your interview. All you can do is prepare for your Ross MBA interview as much as possible and hope for the best. MBA Data Guru - Data and analytics that will help you in the MBA admissions process |
11 Dec 2014, 07:01
| FROM John Thunder MBA: Wharton MBA Buy-side Report |
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Wharton reports its acceptance on December 16th… They have a ton of buy-side employers that gave offers to Wharton students. I finally have had the time to spend hours classifying the firms. Apologies for the mistakes. 3.4% went to Hedge Funds, 6.7% to investment management, 8.5% private equity, 1.7% to venture capital. So 20% of the class went to the buy-side. I think more hedge funds recruited at Wharton versus other schools, and I believe it’s less of a surprise. These start-up hedge funds are mostly in New York. Wharton Employers Type Al Masah Capital Asset Management Asia Consumer Assest Management Asset Management BlackRock, Inc. Asset Management Brandywine Global Investment Management Asset Management ClearBridge Investments Asset Management Cornerstone Investment Partners Asset Management Matthews International Capital Management Asset Management MFS Investment Management Asset Management Pacific Alternative Asset Management Company Asset Management Parnassus Investments Asset Management PIMCO Asset Management Schultze Asset Management, LLC Asset Management Archer Capital Management Credit Capitala Investment Group Credit Newstone Capital Partners, LLC Credit AlpInvest Partners Inc. Fund of Funds Abraaj Capital Limited Hedge Fund Andalusian Capital Partners Hedge Fund Carlson Capital, L.P. Hedge Fund Cartica Capital Hedge Fund Citadel Investment Group, LLC Hedge Fund Cleargate Capital Hedge Fund Crestwood Capital Management, LP Hedge Fund Davidson Kempner Capital Management LP Hedge Fund Elliott Management Corporation Hedge Fund Emerson Capital, LP Hedge Fund Falcon Investment Advisors Hedge Fund Fir Tree Partners Hedge Fund Glade Brook Capital Partners Hedge Fund Hahn Capital Hedge Fund Hawkeye Capital Managment, LLC Hedge Fund Hitchwood Capital Hedge Fund Incline Global Management, LLC Hedge Fund Ionic Capital Management Hedge Fund JAT Capital Management LP Hedge Fund JHL Capital Group LLC Hedge Fund KAUST Investment Management Company Hedge Fund King Street Capital Management, L.P. Hedge Fund Knighthead Capital Management Hedge Fund Luxor Capital Hedge Fund LW Investment Management Hedge Fund Marathon Asset Management Hedge Fund Midwood Capital Management Hedge Fund Mount Kellett Capital Management Hedge Fund Owl Creek Asset Management Hedge Fund Rivulet Capital Hedge Fund SAC Capital Advisors, LLC Hedge Fund Soros Fund Management LLC Hedge Fund Sovarnum Capital Hedge Fund Stelliam Investment Management Hedge Fund Stone Lion Capital Partners Hedge Fund Tamarack Capital Management Hedge Fund Tiger Legatus Capital Management Hedge Fund Tybourne Capital Management Hedge Fund York Capital Management Hedge Fund American Securities LLC Private Equity Angelo, Gordon & Co. Private Equity Aqua Capital Partners Private Equity Argonaut Private Equity Private Equity Artisan Partners Limited Partnership Private Equity Avista Capital Partners Private Equity Bain Capital, LLC Private Equity Baring Private Equity Asia Limited Private Equity Baron Capital, Inc. Private Equity Battery Ventures Private Equity Blackstone Group LP, The Private Equity Bridge Growth Partners Private Equity Canada Pension Plan Investment Board Private Equity Carlyle Group, The Private Equity CarVal Investors Private Equity Centerbridge Partners, L.P. Private Equity CenterSquare Investment Management Private Equity CITIC PE Private Equity Clarion Partners Private Equity Cressey & Company LP Private Equity Ecus Private Equity Private Equity Emerging Capital Partners (ECP) Private Equity Formation Capital Private Equity GI Partners Private Equity GP Investments Private Equity Graham Partners Private Equity GTCR Private Equity H.I.G. Capital Private Equity HarbourVest Partners Private Equity Hermitage Capital Management Private Equity Hony Capital Private Equity Impact Investment Group Private Equity Intervale Capital Private Equity Kamylon Capital Private Equity Kohlberg Kravis Roberts (KKR) & Company Private Equity L Capital Private Equity NaviMed Capital Private Equity Permira Advisors L.L.C. Private Equity Riverside Partners, LLC Private Equity Signal Hill Equity Partners Private Equity Snow Lake Capital Private Equity Summit Park Partners Private Equity Teton Capital Private Equity Vector Capital Private Equity Vestar Capital Partners Private Equity Vista Equity Partners Private Equity Warburg Pincus LLC Private Equity Wellspring Capital Management Private Equity WestBridge Capital Private Equity Commerce Ventures Venture Capital DreamIt Ventures Venture Capital Earlybird Venture Capital Venture Capital Edison Ventures Venture Capital Education Pioneers and NewSchools Venture Fund Venture Capital Evolution Media Capital Venture Capital Genacast Ventures Venture Capital Headland Capital Partners Venture Capital HLM Venture Partners Venture Capital ICICI Ventures Venture Capital Kapor Capital Venture Capital Kibo Ventures Venture Capital Longitude Capital Venture Capital Sadara Ventures Venture Capital Sequoia Capital Venture Capital Shineon Capital Management Venture Capital Thrive Capital Venture Capital Winklevoss Capital Venture Capital Winona Capital Management Venture Capital  
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11 Dec 2014, 08:00
| FROM MBA Data Guru: Stern Interview Acceptance Rate Analysis |
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Stern Interview Acceptance Rate Analysis I know that the final decisions for applicants who were interviewed for New York University’s business school are expected soon. I decided to perform a Stern interview acceptance rate analysis to see if I could predict the chance of acceptance for applicants who were invited to interview. From my data sample 74% of applicants who were invited to interview were ultimately accepted. Stern Interview Acceptance Rate by GMAT  Not only is the slope of the regression line very flat, but also the the R-squared is only 3%. These two pieces of information suggest that once a candidate is invited to interview, their GMAT has no impact on acceptance rate. Stern Interview Acceptance Rate by GPA  The slope of the GPA graph is a little steeper than the GMAT graph slope. The R-squared is also higher, coming in at 10%. Once again, this indicates that GPA has a little more impact on your chance of admission after being invited to interview compared to GMAT. The low R-squared of the GPA and GMAT compared to admissions for interviewed applicants suggest that NYU treats all applicants as equal once they are invited to interview. If interviewed you are on equal footing compared to all other candidates invited to interview. This is different compared to Ross, which has a much higher correlation between GMAT / GPA and acceptance rate. The GMAT & GPA acceptance rate R-squared ranged from 30% to 75% for Ross, which is much higher than the 3% to 10% for Stern. The data used for this post comes from GMAT Club. MBA Data Guru - Data and analytics that will help you in the MBA admissions process |
11 Dec 2014, 08:01
| FROM Naija MBA Gal: That’s all it really is. |
Admission decisions are due next week and like a lot of people, I’m holding my breath. But I feel the need to put this out here. Hopefully, it will help someone put things in perspective. We are all great people doing something very wonderful with our lives. We have dreams and goals and things we want to […]
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12 Dec 2014, 08:01
| FROM MBA Data Guru: Advice for Improving your Resume |
Advice for Improving your Resume A few months back I interviewed several summer intern candidates at work. While reviewing these candidates’ resumes I saw a lot mistakes that you should never make on a resume, whether you are applying for a summer internship or a top ten MBA program. They did not do very well in the interviews and I was not surprised. Here are three easy steps you can take to quickly improve your resume before you apply for business school or your next job. Do Not Use Too Much Jargon in your Resume These candidates dropped terms such as electroencephalographic signal and fast Fourier transformation in the resume. Using complex jargon at best won’t help you and at worst will confuse the person reading your resume. If they can’t understand what you are saying then they won’t be impressed. You are an expert in your field, but not everyone is as knowledgeable about the topic. Try to make your resume as approachable as possible so you don’t alienate your interviewer. If your interviewer is not familiar with a term, it may make them feel stupid, and that isn’t going to help your chances of getting an offer. Do Not Focus on the Process, Focus on the Result Often when candidates describe their work experience, they focus on what they did, not the “so what?”. Business schools and hiring managers don’t care about the process you went through or the computer language you programmed in. Instead they want to find out what the impact of your project was. What would a hiring manager or business school rather see on a resume?
Highlight your Ability to Work in a Team Employers and business schools want to see that you can work in a team environment and interact well with others. Don’t just state that you are a team player, demonstrate that you know how to collaborate while discussing your accomplishments. Discuss a project where you collaborated with other departments and succeeded in accomplishing a goal. It doesn’t matter how smart you are if you don’t have the people skills required to interact in a work environment. Check out my MBA Interview Preparation Guide to learn how to get ready for MBA interviews. MBA Data Guru - Data and analytics that will help you in the MBA admissions process |
14 Dec 2014, 12:01
| FROM TopDogMBA - A Reapplicant's Tail: Here comes the sun |
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So, this is shaping up to be one of the most important weeks in my – and most of my fellow applicants – lives! MIT Sloan and Wharton, along with a host of other top U.S. b schools, are releasing their decisions for R1! The blogosphere has been very quiet lately as we all wait patiently, perfectly calm and keeping busy with other things for that admit call that doesn’t really mean that much, right?  You know, I’ve been through this before: the fear in the pit of your stomach; the obsession with forums in case someone already heard something; checking your application account every day for a random status update. All these symptoms are normal by the way, and I just want to let you know: everything’s going to be alright, one way or another. My world turned upside-down last year when I got my five dings (after being invited to interview at two schools – those hurt the most!), but I learned a lot about myself and what I really wanted to do with the rest of my life. I hoped to use that knowledge and prove to the schools that dinged me that I was a serious candidate, I knew what I wanted and they’d be dumb to ignore me twice. But, it won’t necessarily work out that way. We’ll see this week. Luckily, I also know that even if I don’t get into b school I’m still in control, I’ve started my journey and, while nobody said it would be plain sailing, I believe in myself and I have a renewed fire in my belly! So, try to keep sane folks and wait for the sun to rise and shine over your life plans. I’m thinking of you and hoping to be on that MBA journey with you too. Special mentions to my fellow bloggers who are also on this journey: blackgirlmbaoncampus, EF Essays, financefurry, GNPTH, Grant Me Admission, Importunate MBA, John Thunder MBA, Let’s Simplify, MBA on my Mind, My Journey to Business School, My Life Of Bliss, Naija MBA Gal, Pro GMAT, Pulling That MBA Trigger, Road To My MBA, sarah’s mba journey, still pressing, texaswannabecali and under prescription. Keep in touch guys. Let me know how you’re doing! And, good luck to everyone this week!  
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15 Dec 2014, 16:00
| FROM MBA Data Guru: Kellogg Acceptance Rate Analysis |
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Kellogg Acceptance Rate Analysis Kellogg’s acceptance rate is on the higher side for a top 10 MBA program at over 20%. But don’t be fooled, getting into Kellogg is still very difficult. In addition to high expectations for GMAT and GPA, Kellogg allows all applicants to interview. This allows Kellogg to find candidates with the best interpersonal skills even if they don’t have high scores. Since I don’t have information on candidates’ interpersonal skills, I’ll stick to GMAT and GPA. I built a model that can estimate an applicants chance of admissions to Kellogg based on a few key pieces of data . I am posting the insights I found in the model here until I am able to build the admissions calculator over winter break. Kellogg Acceptance Rate by GMAT  The average GMAT score for Kellogg’s 2 year MBA program is 717, however the average GMAT for applicants is lower, coming in at 709. The graph above shows the relationship between GMAT and Kellogg acceptance rate for the average applicant, who has a GPA of 3.38. You can see there is a strong relationship between GMAT and Kellogg acceptance rate. An applicant to Northwestern has twice the chance of getting in with a 750 compared to a 650. Kellogg Acceptance Rate by GPA  Similar to GMAT, having a higher GPA increases your chance of admission at Kellogg. Even with a low GPA of 3.0, the admission rate is still over 20%. The graph above shows Kellogg acceptance rate by GPA for the average candidate, who has a GMAT of 709 (yes I know that it is not a possible score). Kellogg prefers GMAT over GPA  By comparing admissions for candidates with a high GMAT score vs high GPA, I found that Kellogg prefers a high GMAT over a high GPA.* This is good news for candidates who are willing to put in the hard work to get a high GMAT score. Having a high GPA only increases your chance of admission by 2% to 25%. On the other hand, having a high GMAT increases the Kellogg acceptance rate to 29%. On the flip side, if you have a low GMAT then it will harm your chance of admission more than a low GPA. Kellogg Acceptance Rate by Round  Round 1 applicants had the highest acceptance rate, with round 3 acceptance rate the lowest. These numbers are a little misleading because they don’t take into account difference in the average candidate quality for the different rounds.  The lower acceptance rate for Kellogg applicants in later rounds is explained by lower GMAT and GPA. This is why application round is not a factor in my admission model. Applying in a later round does not appear to harm your chance of admission at Kellogg significantly, especially if you can use that time to raise your GMAT or improve your essay. Other Admissions Factors The last two factors that had an impact on admission rate were country and industry. Applicants who were living in India had a roughly 6% chance of admission. Candidates who worked in computer software while applying had a 5% chance of admission. Both of these factors were statistically significant, meaning that there was enough data to verify the effect. Good luck with your applications! Let me know if you have any questions. *A high score on GMAT or GPA is defined by one standard deviation above average. MBA Data Guru - Data and analytics that will help you in the MBA admissions process |
15 Dec 2014, 21:01
| FROM My Journey to Business School: Admitted to Tepper School of Business |
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…..and with a $40,000/year scholarship to boot. I’m ecstatic as this means I will most definitely be attending business school next year. I was not expecting such a great scholarship, and being selected for the Tepper School MBA Forte Fellowship is an absolute honour! Will write a more detailed blog on this later! But this admit makes the wait for other school’s decisions a little easier. This also gives me a chance to tweak my R2 application strategy a bit.Good luck for all the others who are still waiting for decisions – good news is just around the corner for all you guys!  
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16 Dec 2014, 14:04
| FROM TopDogMBA - A Reapplicant's Tail: Do you want to know a secret …waitlisted at Wharton! |
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After a long and stressful wait today, I’ve been offered a place on the waitlist at Wharton. Not sure what to make of it, but obviously a lot still depends on MIT Sloan’s decision tomorrow. Trying to enjoy myself at Christmas parties this week – so much to think about and (thankfully) so many distractions – but the wait begins again tomorrow for Sloan! Hearty congratulations to all who got an offer today. Really hope I can join you in the Class of 2017! Will keep you all posted  
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17 Dec 2014, 09:01
| FROM Naija MBA Gal: To the Booth! |
Yayyyyy
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17 Dec 2014, 10:01
| FROM My Journey to Business School: Kellogg…here I come! |
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YES! I got the call a few hours ago congratulating me on being accepted to Kellogg. It still hasn’t sunk in for me. I’ll be back with more details once I stop hyperventilating and jumping for joy. But, YES, YES, YEEEEEESSSSSSSS!!!!! I made it! :D :D  
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17 Dec 2014, 12:01
| FROM TopDogMBA - A Reapplicant's Tail: Do you want to know a secret …MIT Sloan offer! |
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Yes, Yes, YES!! Enough said! Congratulations to anyone else who got the call today. My call only came a short while ago so there is still hope for y’all! Off to take the real Top Dog for a long walk to calm myself down. Will be in touch!  
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17 Dec 2014, 13:01
| FROM Pulling That MBA Trigger: Congratulations are in order! |
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This week my feed has been a blur of amazing news. Congratulations to my friends Naija MBA Gal, TopDogMBA, Vandana and Finance Furry for getting into some of the best schools in the world! We’re talking INSEAD, Kellogg, Booth, Sloan, Wharton… the list is pretty insane. You guys should be so proud! I couldn’t be happier for you guys, each and every one of you deserved it. I am also jealous that you guys are now done with the stress-fest that is MBA admissions and can now countdown the days till you quit your jobs. Guys, you are seriously amazing. I am totally inspired and I hope I can re-create even a smidgen of this success for myself. With that said, I’m realizing that I could use all the help I can get, especially since all of you are older, wiser and you’ve clearly done something right! I’m just starting to get really anxious and antsy, plus my confidence is in the pits (I just have a little over a year of work experience, wtf am I doing? Am I kidding myself?) Meh. If any of you would like to volunteer to have a look at my essays or give me any tips/suggestions, I would be incredibly grateful. I don’t want to put anyone on the spot by directly asking (okay, I might have asked some of you already)  hence this broadcast. Anyway, if you think you have some time to spare, please let me know and I’ll reach out to you. I would owe you a piece of my eternal soul. No, really.In other news, not that anyone really cares at this point (I wouldn’t either if I got accepted somewhere), my GMAT is 5 days away on the 23rd and I’ve been doing well on the mocks, so fingers crossed. And again, congrats you guys! It’s time to celebrate :D Break out the bubbly!  
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18 Dec 2014, 00:00
| FROM MBA Data Guru: GPA Trivial to Stanford Business School Acceptance Rate |
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GPA Trivial to Stanford Business School Acceptance Rate 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  The 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  Although GMAT is important to GBS, there is no relationship between GPA and acceptance rate. 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  Although 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. MBA Data Guru - Data and analytics that will help you in the MBA admissions process |
18 Dec 2014, 02:01
| FROM My Journey to Business School: Admitted to Tepper School of Business |
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…..and with a $40,000/year scholarship to boot. I’m ecstatic as this means I will most definitely be attending business school next year. I was not expecting such a great scholarship, and being selected for the Tepper School MBA Forte Fellowship is an absolute honour! Will write a more detailed blog on this later! But this admit makes the wait for other school’s decisions a little easier. This also gives me a chance to tweak my R2 application strategy a bit.Good luck for all the others who are still waiting for decisions – good news is just around the corner for all you guys!
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Hi Generic [Bot],
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