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15 Dec 2014, 15:00
| 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, 20:01
| 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, 13:04
| 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, 08:01
| FROM Naija MBA Gal: To the Booth! |
Yayyyyy
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17 Dec 2014, 09:01
| 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 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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17 Dec 2014, 23:00
| 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, 01:01
| 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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18 Dec 2014, 01:01
| 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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18 Dec 2014, 02:00
| FROM Naija MBA Gal: Where I am now. |
Cloud 9. Less half. I had already started a Booth vs Sloan comparison before I received decisions from both schools. Now I have to decide whether I want a spot in Sloan’s waitlist or not. Before Dec 22. Sadly, I wasn’t planning to make that decision this year. As at yesterday, I was already tilting more towards Booth […]
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18 Dec 2014, 08:01
| FROM John Thunder MBA: Final Results |
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Sloan – Admitted!!! Wharton – Waitlist Booth – Waitlist No Kellogg. Wasn’t enthused about Kellogg anyways. Their campus needs renovation… won’t be renovated in the next 2 years. Not sure what to do now. Sloan was my top choice for technology career path.  
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18 Dec 2014, 12:01
| FROM Scott Duncan: Accepted at Sloan, Waitlisted at Kellogg |
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Wow! After a long time of nothing to talk about, finally I have some news: I was accepted at MIT Sloan and waitlisted at Kellogg. That’s all for now, I have some celebrating to do The post Accepted at Sloan, Waitlisted at Kellogg appeared first on Scott Duncan. |
19 Dec 2014, 09:00
| FROM Pro GMAT: In search of 7_0 |
Finally, a score that I would like to see on the GMAT. 720!! Split 49, 40!! 9 wrong in quant and 8 in verbal. Though the score is good, the matter of concern is only RC. Out of 8 wrongs, 6 were from RC. Surprisingly, no wrong from SC. I was not feeling out of time in … Continue reading →
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22 Dec 2014, 05:00
| FROM Naija MBA Gal: My Dilemma |
I have a big problem. It’s a good problem but a problem nonetheless. I can’t decide whether to pursue Sloan’s waitlist or not. Here’s the issue: My personality is a great fit with Booth. If I wanted anything but entrepreneurship I’d have dropped Sloan without a backward glance. But Sloan is a great school for […]
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22 Dec 2014, 05:00
| FROM GNPTH: The festival season is here & Congrats to my fellow bloggers who got accepted!! |
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It’s been a long time since i posted!!! It feels good to be back in town. I had a wonderful to trip to United States of America. Hope there is more to come in future and ultimately, i wanted to join one of my favorite B-Schools. During this trip, i had the privilege to meet my colleagues and work with them. It was wonderful to meet those people whom you contact/ converse via Lync or Mails daily. Though it was a short trip, I really enjoyed alot in an extend where i even forgot that i’m preparing for GMAT. I did not have time or rather i should say, i was not in a mood to prepare during my travel. I even had a chance to meet my sister almost after 7 months. I had to travel to Detroit over the weekends to meet her and play with my niece. I would say, this was my best trip officially. Now that I’m back. It’s time to start preparing for my GMAT. Actually I’m in no hurry to take it as i planned to be part of class 2018. But I’ll be taking my GMAT by 2nd week of March 2015 Max. So that I can plan or work my profile and get ready to apply for my target B-schools. I also wanted to congrats my fellow applicants- TopDog, Naija MBA Gal, Vandana, Hugo, Grant Me Admission & TheEngineerMBA who got accepted to their target B-Schools. And finally i wish the following for all the people who are reading my blog. 1. May your Christmas be filled with lots of happiness, peace, Love and lots of presents!!!  2. And this new year-2015- May fulfill all your wishes and dreams and may you feel this happiness all year round!!  Until next time, Balaji.  
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22 Dec 2014, 08:01
| FROM Pro GMAT: They won it! |
Its been a busy month for all, since few of my friends got admitted who were waiting eagerly for the admissions decision and few are still fighting for the gmat (this group includes me as well). Congratulations to Vandana, NaijaMBAgal, TopDogMBA, GrantMeAdmission, under prescription and others (sorry, if I missed someone. Please make your presence … Continue reading →
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22 Dec 2014, 08:01
| FROM Scott Duncan: Five things I did differently that earned me an acceptance at a top MBA program |
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As I have have mentioned before, last year I was rejected by five top MBA programs. This year, something changed. I have been accepted by MIT Sloan, waitlisted at Kellogg, and my application is under further consideration at HBS. Already a big difference! Although going through this process a year ago definitely made it easier for me this time around, there were five key differences this year that I think made the difference between success and another year of failure. 1. I worked with what I had You can’t change what you can’t change. Last year, I was full of self-doubt. I didn’t go to an Ivy-League school. I didn’t have a 4.0 GPA. I didn’t work at a brand-name firm. I knew that this is the profile that I was applying with, but for some reason I let that get in the way. It enabled me to procrastinate on my applications, and I’m sure the self-doubt came through in my essays and in my interviews. This year, I didn’t see these elements of my application as weaknesses. Instead, I knew that these were things I couldn’t change, and knowing that my background was fixed was actually liberating. Not looking into the past enabled me to focus on completing my application and telling my story in the best light possible. Which leads me to my next point: 2. I owned my story Last year, I had a concrete line of reasoning as to why I needed an MBA from a top program. But if you asked me to explain why, I wouldn’t have been able to articulate it very well. This was common for a lot of different pieces of my background. Why did you become an engineer? Why do you work in the medical device industry? Why [this] school? I had vague ideas of why I made the decisions I did in my education and career and a better idea of what I expected from a top MBA program, but saying them out loud and off the cuff was difficult. It was only through a painful process of self-reflection that I was able to effectively communicate the thoughts that had been bouncing around inside of my head for years. 3. I let go of perfectionism Why did I struggle with articulating my story in the first place? Perfectionism. I was so worried about saying the right thing or saying the magic words that the adcom wanted to hear that I let it get in the way of effectively communicating. Have you gotten your application to the 90% mark and struggled to get it over the finish line? Have you stared blankly at a blank page, trying to think of what to write? I feel your pain, and I realized that there are no magic words. Is changing this sentence structure really going to make the difference between getting in and being rejected. I would hope not. Letting go of perfectionism allowed me to get over the “make work” of my application and focus on the things that really matter – what points I want to communicate, why those points are important, and how to communicate them most effectively. 4. I increased my GMAT score With a GMAT score of 680 last year, I was in the 80% range for most of the schools I was applying to. But, this was still a risk on my application since it was at least 30 points below the averages for many top schools. So, I took 4 weeks to study (again), focused on what I was doing wrong and not what I was doing right, and took the GMAT again, scoring a 710. It was hard for me to admit that quant was a weakness (c’mon I’m an engineer, I’m supposed to be good at this!) but drilling through the easy stuff I was getting wrong really moved the needle. 5. I relaxed The combination of 1-4 allowed me to approach my applications in a different state of mind this year. Last year I was frazzled. Stressed. Confused. Not exactly an ideal state to be in when applying. Having been through the process a year earlier helped, but overall, this year I knew much more about what I wanted, why I wanted it, and how to tell that story to someone else. Conclusion All those rejections last year made me re-think a lot, but there is no question that it strengthened my application. I couldn’t be more thrilled with how this year turned out. Are you struggling with any of the points I mentioned? Sign up and never miss a post Subscribe Now!  I value your privacy and would never spam you. Unsubscribe at any time. The post Five things I did differently that earned me an acceptance at a top MBA program appeared first on Scott Duncan. |
22 Dec 2014, 16:00
| FROM MBA Data Guru: Duke MBA Acceptance Rate Analysis |
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Duke MBA Acceptance Rate Analysis Duke’s Fuqua School of Business is one of the top 20 MBA programs in the US. The Duke MBA acceptance rate is 25%, which means that any applicant accepted should be proud of themselves. The next question is obviously what characteristics does the Duke admissions committee look for in Fuqua applicants? Not only are GMAT and GPA important factors that will impact your admissions, but also your age and the round you apply in will affect your chance of being accepted. Duke MBA Acceptance Rate by GMAT  The average Duke applicant has a GMAT of 690, several points lower than the 697 for accepted candidates. As expected the acceptance rate increases as an applicants GMAT rises. The graph above shows Duke MBA acceptance rate by GMAT for the average applicant with a GPA of 3.35. Duke MBA Acceptance Rate by GPA  Unlike schools such as Stanford and Cornell, GPA does affect Duke MBA acceptance rate. The average applicant has a GPA of 3.35, however accepted applicant’s GPA is slightly higher. Above you can see the admission rate by GPA at Fuqua. Duke MBA Acceptance Rate GMAT vs. GPA  Now that you know that GMAT and GPA both matter to Duke, the next question is which is more important. My admissions analysis shows that Duke prefers GMAT over GPA*. A high score on the GMAT will increase Duke MBA acceptance rate from 25% to 30%. However, a high GPA only increases your chance of admission at Duke to 28%. For applicants with a high GMAT and low GPA, Duke is a good school at which to apply. For example an applicant with a 750 GMAT and 3.0 GPA has a 29% chance of getting into Duke. Duke MBA Acceptance Rate GMAT vs. GPA  Similar to other schools such as Stern, age impacts acceptance rate. Applicants who are around 27 to 28 have the highest chance of being accepted at Duke, while older and younger candidates have lower odds of being admitted. My hypothesis is that younger applicants don’t bring as much work experience to the class room discussion while older applicants are hard to place at top companies during on campus recruiting. Duke MBA Acceptance Rate by Round  I looked into how application round affected your chance of admission at Duke, and it was not statistically significant. Even the low round 3 acceptance rate cannot be confirmed as accurate because of low volume. Don’t worry too much about applying first or second round, but you may want to avoid round 3 just to be safe. Other Factors Affecting Acceptance Rate People applying from India had a significantly lower chance of admissions, while applicants from the US had a higher acceptance rate at Duke. Applicants who majored in business had a slightly lower admission rate. Military applicants had an astonishingly high acceptance rate of 50%. So all you veterans out there should strongly consider applying to Duke. The data used for this analysis comes from GMAT Club. *For GMAT vs. GPA comparison a high score is defined by one standard deviation above the average GMAT or GPA. MBA Data Guru - Data and analytics that will help you in the MBA admissions process |
23 Dec 2014, 00:01
| FROM Pulling That MBA Trigger: GMAT done, dusted and cancelled. 700 (49Q, 38V) |
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So I guess the title says it all. I knew the Quant section went well, wasn’t too sure about the Verbal but yeah, clearly didn’t go as expected! I’m not too disappointed because I knew this was a long shot. It would have been nice to be applying with a higher GMAT but now that it’s done, I guess I’ll just focus on the other parts of the application! I cancelled the score right away and didn’t report them, so my 710 still stands. In other news, I’m travelling for about a week! It’s gonna be a welcome break from the GMAT insanity. Hopefully this will give me the time I need to clear my head and kill my essays. After I come back it’s gonna be an avalanche of deadlines so I’ll need all the rest I can get! Happy holidays everyone!  
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24 Dec 2014, 10:00
| FROM Pro GMAT: Christmas Wishes |
:) My special wishes to you and to all those who are close to you. May you have a Christmas that is more special than it has ever been. !Quick Update: Took another prep test and scored 730 (50, 38). Still 4 wrong in RC. :/Filed under: General Post Tagged: exam, GMAT, GMATPrep, … Continue reading →
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