BrazilianPhD wrote:
The last actual average score they informed us for PhD acceptance at Bauer is 706, for Fall 2017. Don't trust that information about an average GMAT around 680 at Bauer, that's old news. So, please be careful, if you are a PhD student you also know that the information that is publicly available is often not the best. Skepticism is healthy for PhD.
Also, even if Finance is generally the most competitive, it is not true that it is BY FAR the most competitive specialization at ANY business school. This looks like of the common GMAT traps. This is too strong a statement, as different schools have different characteristics.
I don't have much data to really compare the different departments here at Bauer. But the reputation of the Department of Marketing and Entrepreneurship is stronger than the Department of Finance's. For research about sales I really think Bauer is one of the top in the world because of Mike Ahearne, for example. And Finance accepts much more students than Marketing (twice). With much more students, the range and the deviation of GMAT scores in Finance are probably much larger than in Marketing. If you are applying to Quant Marketing, for example, there is usually only 1 spot available a year, don't expect it to be any easy. Since they will only get 1 new student, you have to be the best they can have, and that is usually someone very, very good. I don't think the difference here between the average GMAT score of Finance and Marketing is that significant.
Hi
BrazilianPhDI don't doubt that last actual average score they informed you for PhD acceptance at Bauer is 706.
Why would they inform you about that as being current PhD student ?
You are not involved in admission process.
Just asking.
I am not going to explain how 706 would not be that much different than 680, instead of that, why they would not update new info ?
Are they lazy ?
I will tell you why.
Even if their last average score across all disciplines may be 706 this year, next year it can be again 680.It changes from year to year as application pool can also change, sometimes dramatically, still they have averages for like 5 year or 10 year and ball park what to expect and at the same time they provide that info to others as pretty much accurate guidance.
No need to explain to you, how when I contact admission representative, some professor lets say chair of department and professor who is designed as contact for that particular PhD program, I may get slightly different info and data in terms of average scores, usual application pool, competitiveness etc.
You have been there, i suppose you would know that.
No need to inform you how when you contact them, they will provide you with
their desired score, while their actual average score may be less, meaning they did accept and they will accept students with lower scores.
They just want to portrait picture of them being more elite.
Purpose of my post, was to encourage people to apply not discourage them and when I post something, that is always backed with data and based on facts.Also majority of people who asked about PhD previously, were targeting European schools, where we have different settings in terms of competitiveness, while you were little scaring them with demands for most competitive schools in the world (top US).
Skepticism is healthy for anything, especially anything related to intellect, however facts are facts.
Lets check them.
Marketing department accepts 2-3 students per year from application pool of 50+.
Ok.
2.5/50=5% admission rateThe median GMAT score of our current Ph.D. students is 680."This puts our department in the top 40 of marketing departments in the U.S"https://www.bauer.uh.edu/doctoral/marketing/faqs/Now, Department of Finance usually receives approximately 75 applications for 3-4 slots.
3.5/75=4.6%
The average GMAT score for Bauer was 698, with range from 640 to 760.
In 2010, the Department of Finance ranked 18th in the nation, according to an ASU finance research ranking.
The department also ranked 22nd in the nation in 2010, according to a UT Dallas finance research ranking.https://www.bauer.uh.edu/doctoral/finance/faq.phphttps://www.bauer.uh.edu/departments/finance/You see, in general it was easier to get in Marketing than Finance at Bauer, and Finance is more competitive, we can even debate which department is stronger in corresponding field, although that alone doesn't have anything to do with cross competitiveness.
I thought that is obvious.
It is funny that based on research, Finance department at Bauer seems to be also above Marketing department in their respective fields rankings, however I don't have problem to be the other way around, that still would not affect my claim at all.
Now, I know what you are going to say, you were (probably) the only one accepted that year at Marketing.
Here is the news for you, although in general Finance departments over US have only two slots for PhD, rarely up to 4, even schools who put info that they are looking for like 4, often do not accept anybody that year, since they were not satisfied with candidates, so they can go from 0-4 or from 0-2.
I have seen that to be true multiple times.
That depends on their budget, plans, maintaining professor to student ratio etc. but can ultimately come to strength of application pool.
Sure we have also departments that do not accept new cohort every year, only on even or add years.
Speaking of strength of applicants, for PhD in Finance people compete with people who have extremely strong quantitative background and completed bachelor, master, sometimes even already PhD degrees in mathematics, physics, statistics, engineering and I doubt many of them will apply to Marketing, its just not their thing.
Having bachelor/master degree in Economics or Finance often is not enough for PhD in Finance (especially for top schools), strong quantitative background is a must.
Here are some admission statistics, by specialization, that reflects general rule/trend that happens to be too strong statement for you, although is simply a fact
:
Marketing Applicants=137 Enrollees=3Finance Applicants=283 Enrollees=5https://www.stern.nyu.edu/programs-admis ... statistics"
Areas like Economics and Finance receive two to three times the number of applications that areas like Accounting or Information Systems receive"
https://www.cmu.edu/tepper/programs/phd ... /faqs.htmlMarketing 5/130=3.8%Finance and Economics 6/343=1.7%https://www8.gsb.columbia.edu/programs/ ... statisticsFeel free to dig on and research on your own if you think you will find some other truth in data.
Regarding Bauer, I have spoken with Professor Kris Jacobs, Finance Program Coordinator, Crystal R. Lugo admissions coordinator for graduate and professional programs, Lilia Canas College Academic Affairs manager etc. although they have presented all relevant/pertinent info on school website, which is not always the case.
Hello
MrTodd Not having research experience does not jeopardize your chances and application, but then again it depends where you want to apply.
For most competitive, like top 10 US, that will be minus, however not definitively no.
You need to realize, that you compete with other PhD applicants, so compared to them everything can change.
Keep things in perspective.
In terms of rankings, Rotman is the best in Canada, then comes Sauder and not there is not much difference between Schulich and HEC, except like obvious language environment/location
Then again you may have later different preference, in terms of professors, research, climate, location, language, feedback, how much they want you and million other things.
Hello
CAMANISHPARMAR You are welcome.
Post here (PhD in Business forum) once you are ready, once you have GMAT score and all necessary info regarding application and I will reply.
If you decide to apply to PhD in Finance, then above applies/can be useful to you.
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