prav04 wrote:
Hi friends, I am too preparing for GMAT to get into Phd. What should be our target? Getting into top 50 schools or top 100? I'm confused about it.
Generally speaking, my opinion is this:
- Top 50 would be the aim for applicants that are pretty confident they have a strong profile. Often they hope to be accepted by someone around top 30, but apply a little wider.
- Top 100 would be the aim for applicants that are not so sure because they are concerned about the impact of some weakness.
Let me give you my own example. My application had some parts that I considered as strengths, like a GMAT score of 750, some research experience including conference presentation, and two graduate degrees (MBA and MSc.). However, my undergrad GPA is very low when converted to the US system (3.0) and my letters of recomendations were from professors who would be unknown (from Brazil, and a different field). So, a combination of strengths and weaknesses. My dream was top 30, my hope was top 50, and I applied to top 70. I'm at a school that is ranked around 50th in my field.
Now, some things that I think that are important to take into consideration before you follow those guidelines blindly:
- I expect it to be different for different fields. Level of competition, number of applicants, expectations and requirements can be quite different depending on your field. And not only to apply to a PhD program, but also when thinking about your career after you graduate. If you are into a field where the job market is better, you may be more willing to go to lower ranked schools. But if your field has much more limited opportunities in the job market, higher ranked schools will probably improve your odds a lot. I applied to Quantitative Marketing, a field that is relatively good. Better than Consumer Behavior Marketing, for example, and probably better than some other business fields.
- Rankings can very deceiving. Each ranking has its own system to evaluate schools, and different systems lead to different results. MBA rankings, for example, are often dangerous, because a school may be great for MBAs, but awful for PhDs. Check not only the ranking, but the system used to rank, to see if it makes sense to evaluate the quality of the PhD program you have an interest.
- Fit is much more important than rankings. It's better to apply to a school ranked 50th with a great fit than to a school ranked 20th with an awful fit. A bad fit is expected to make your PhD life harder, with less support, slower evolution, difficulties to feel part of the department. Ideally, a program should match your research interests, your personality, your values, and your goals.
So, it's better to find the schools that you can realistically expect to get an offer from, and that are a good match for you. That's the reasoning I recommend to choose the schools to apply. If you get offers from two schools or more, then ranking is often used to decide between offers (since both are a good match for you, if you followed that reasoning).