Find all School-related info fast with the new School-Specific MBA Forum

 It is currently 04 May 2015, 23:16

### GMAT Club Daily Prep

#### Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

# Events & Promotions

###### Events & Promotions in June
Open Detailed Calendar

# Why do schools encourage everyone and their mom to apply??

Author Message
TAGS:
Intern
Joined: 30 Sep 2010
Posts: 4
Followers: 0

Kudos [?]: 1 [1] , given: 0

Why do schools encourage everyone and their mom to apply?? [#permalink]  25 Sep 2011, 13:26
1
KUDOS
I know of someone who has a horrible GPA, GMAT and little work experience and was encouraged to apply to Schulich. He called the school, basically told them how bad his file is and they still encouraged him to apply. Can someone explain this lol?
 Kaplan GMAT Prep Discount Codes Knewton GMAT Discount Codes GMAT Pill GMAT Discount Codes
Senior Manager
Affiliations: CBS Class of 2014
Joined: 07 May 2011
Posts: 390
Concentration: Finance
Schools: CBS '14 (M)
Followers: 14

Kudos [?]: 19 [1] , given: 8

Re: Why do schools encourage everyone and their mom to apply?? [#permalink]  25 Sep 2011, 14:36
1
KUDOS
Most apps are 200-250... and depending school, they receive thousands of applications. I'll use CBS for example since that's where I'm matriculating. 6,500+ applications.. 250 a pop... $1,625,000 a year just in application fees. In order for the adcom to may a fair salary and travel around the globe to attact top talent... they need to be pulling in good funds, no? With CBS adcom traveling so often, and boarding a staff relatively large (there's more than a handful on the directory), it's not free _________________ Current Student Joined: 12 Nov 2008 Posts: 368 Schools: Ross (R2), Cornell (R3) , UNC (R3) , INSEAD (R1 Jan) WE 1: Advisory (2 yrs) WE 2: FP & Analysis (2 yrs at matriculation) Followers: 22 Kudos [?]: 88 [0], given: 45 Re: Why do schools encourage everyone and their mom to apply?? [#permalink] 25 Sep 2011, 14:51 Speedreader wrote: I know of someone who has a horrible GPA, GMAT and little work experience and was encouraged to apply to Schulich. He called the school, basically told them how bad his file is and they still encouraged him to apply. Can someone explain this lol? Because they appear more selective the more students apply (they have a limited number of seats every year). Manager Joined: 15 Jan 2010 Posts: 53 Followers: 0 Kudos [?]: 14 [0], given: 1 Re: Why do schools encourage everyone and their mom to apply?? [#permalink] 27 Sep 2011, 12:24 I also think its the money. Director Status: Go Blue! Joined: 03 Jun 2010 Posts: 685 Location: United States (MO) Concentration: Nonprofit, General Management Schools: Michigan (Ross) - Class of 2015 GMAT 1: 740 Q47 V45 GRE 1: 336 Q169 V167 GPA: 3.22 WE: Information Technology (Manufacturing) Followers: 16 Kudos [?]: 147 [0], given: 249 Re: Why do schools encourage everyone and their mom to apply?? [#permalink] 27 Sep 2011, 13:04 Money definitely a reason. Also, some rankings factor in selectivity; increase the applications denominator, keep the admits numerator steady => magically more selective. _________________ ME: PROFILE | CPA: BEC AUD FAR REG | CMA: ONE TWO bitly bundles: mba rankings | mba programs GMAT Club Premium Membership - big benefits and savings GMAT Club Legend Joined: 10 Apr 2007 Posts: 4320 Location: Back in Chicago, IL Schools: Kellogg Alum: Class of 2010 Followers: 83 Kudos [?]: 720 [1] , given: 5 Re: Why do schools encourage everyone and their mom to apply?? [#permalink] 27 Sep 2011, 16:19 1 This post received KUDOS Money has noting to do with it, in the grand scheme of things it is cheap money for the school. Applications aren't a money making thing for the schools. The real reason is to appear more selective. If 1,500 people apply to HBS and 1,000 are admitted, it doesnt look as good as accepting 8% to people who look at schools. Selectivity is factored into some rankings, and it gives students/alums the feeling of being one of the elite. In reality there are a small percentage of students who are a surefire admit to wherever they apply, then a lot that get into some schools they apply and not others. There is so much overlap at schools with top applicants, very few people every pull a clean sweep. A few years ago we looked at applicants on here for top programs and found the vast majority got at least one admit to one of the top schools. In the end you never really know unless you try. That said best to be realistic. If you are borderline candidate for Duke you probably dont want to only apply to Stanford, HBS, and Wharton. _________________ Kellogg Class of 2010...still active and willing to help. However, I do not do profile reviews, don't offer predictions on chances and am far to busy to review essays, so save the energy of writing me a PM seeking help for these. If I don't respond to a PM that is not one of the previously mentioned trash can destined messages, please don't take it personally I get so many messages I have a hard to responding to most. The more interesting, compelling, or humorous you message the more likely I am to respond. GMAT Club Premium Membership - big benefits and savings GMAT Club Legend Affiliations: HHonors Diamond, BGS Honor Society Joined: 05 Apr 2006 Posts: 5926 Schools: Chicago (Booth) - Class of 2009 GMAT 1: 730 Q45 V45 WE: Business Development (Consumer Products) Followers: 269 Kudos [?]: 1692 [0], given: 7 Re: Why do schools encourage everyone and their mom to apply?? [#permalink] 28 Sep 2011, 12:51 I doubt money is even remotely a factor. HBS could ask for$2,000 an app and they'd still get plenty. I agree with river, this is a game of perceived selectivity and exclusivity.
Senior Manager
Affiliations: CBS Class of 2014
Joined: 07 May 2011
Posts: 390
Concentration: Finance
Schools: CBS '14 (M)
Followers: 14

Kudos [?]: 19 [0], given: 8

Re: Why do schools encourage everyone and their mom to apply?? [#permalink]  28 Sep 2011, 14:26
While I recognize your point I do disagree to an extent. If selectivity was the case then why not lower price to $200 like Cornell? Some schools have app fees that are sub-200 too. If you raise the fee, then you will get fewer applicants as people really question if it's worth applying if they have poor odds which then will increase your overall % admit and lower the "selectivity". While I believe it's a fine balance, to discredit the notion that money may be a factor I think is short-sighted. When you have a staff that has to get paid and thousands of applicants.. people want a paycheck and travel isn't free. Sure tuition covers a lot for the university... but the faculty isn't free, facilities aren't free, etc. So anyway you can cover more of your expenses makes sense to me. _________________ Director Status: Go Blue! Joined: 03 Jun 2010 Posts: 685 Location: United States (MO) Concentration: Nonprofit, General Management Schools: Michigan (Ross) - Class of 2015 GMAT 1: 740 Q47 V45 GRE 1: 336 Q169 V167 GPA: 3.22 WE: Information Technology (Manufacturing) Followers: 16 Kudos [?]: 147 [0], given: 249 Re: Why do schools encourage everyone and their mom to apply?? [#permalink] 28 Sep 2011, 15:40 Totally agree. Hard to find a better ROI than sending out a mass email encouraging people to give you another application fee. _________________ ME: PROFILE | CPA: BEC AUD FAR REG | CMA: ONE TWO bitly bundles: mba rankings | mba programs GMAT Club Premium Membership - big benefits and savings Senior Manager Joined: 17 May 2010 Posts: 301 GMAT 1: 710 Q47 V40 Followers: 4 Kudos [?]: 31 [0], given: 7 Re: Why do schools encourage everyone and their mom to apply?? [#permalink] 28 Sep 2011, 19:04 Even though making money might not be a primary motive, I am sure schools welcome extra money. Someone pointed that Columbia made$1.6million just out of application fees. That's a substantial amount of money and I am sure it would cover a part of the travelling and lodging expenses.
_________________

If you like my post, consider giving me KUDOS!

GMAT Club Legend
Joined: 10 Apr 2007
Posts: 4320
Location: Back in Chicago, IL
Schools: Kellogg Alum: Class of 2010
Followers: 83

Kudos [?]: 720 [0], given: 5

Re: Why do schools encourage everyone and their mom to apply?? [#permalink]  28 Sep 2011, 20:57
gijoedude wrote:
Even though making money might not be a primary motive, I am sure schools welcome extra money. Someone pointed that Columbia made \$1.6million just out of application fees. That's a substantial amount of money and I am sure it would cover a part of the travelling and lodging expenses.

Well you need to think that a school like Columbia has a substantial staff for admissions, some of whom are going to be better paid than you would probably think. Add in benefits, overhead, support staff, marketing materials, traveling to numerous areas for meetings, renting space for events. At best they make some money but there isnt going to be a 50% margin. If they want to add 500k to their bottomline they are better off adding a few more students than trying to get a few thousand more applicants.
_________________

Kellogg Class of 2010...still active and willing to help. However, I do not do profile reviews, don't offer predictions on chances and am far to busy to review essays, so save the energy of writing me a PM seeking help for these. If I don't respond to a PM that is not one of the previously mentioned trash can destined messages, please don't take it personally I get so many messages I have a hard to responding to most. The more interesting, compelling, or humorous you message the more likely I am to respond.
GMAT Club Premium Membership - big benefits and savings

Senior Manager
Affiliations: CBS Class of 2014
Joined: 07 May 2011
Posts: 390
Concentration: Finance
Schools: CBS '14 (M)
Followers: 14

Kudos [?]: 19 [0], given: 8

Re: Why do schools encourage everyone and their mom to apply?? [#permalink]  29 Sep 2011, 04:52
Oh absolutely River I agree with you on that. It's not a "money making" scheme for the school. My statement isn't that they are trying to generate profit for the school... it's that they have all these people apply because it 1. increases selectivy % and 2. covers sizable costs of the admission expense. If a school knows they're going to admit only X number of students but still needs to maintain the cost of the admission process... the more apps... the more that is covered. I would expect that they probably break-even at best.. but knowing it's a sunk cost and the department is a necessity.. I think that is still a fine margin.
_________________
Re: Why do schools encourage everyone and their mom to apply??   [#permalink] 29 Sep 2011, 04:52
Similar topics Replies Last post
Similar
Topics:
14 why is everyone here so nice? 34 11 Sep 2009, 21:28
7 Why did I even bother applying to B School? 63 20 Mar 2009, 05:46
how many schools do you apply? 7 01 Dec 2007, 16:43
Why Do Schools want 2 official Transcripts 3 25 Apr 2007, 09:35
Where is everyone applying? 60 16 Nov 2006, 07:18
Display posts from previous: Sort by