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Re: Expert advice for Stanford from Admissions Consultant blogs [#permalink]


With the recent release of the 2022 US News and World Report’s Best Business School Guide, MBA rankings are top of mind for all MBA hopefuls. While MBA rankings are just one factor to consider in the MBA decision-making process, Personal MBA Coach would like to share our thoughts on this latest list.

As Personal MBA Coach recently shared with Business Because readers, average ranking over time is far more important than fluctuations from year-to-year. It is important to keep this in mind as you review this year’s changes.

Somewhat surprisingly, given the fluctuations seen in recent years, all of the top 10 schools from the 2021 US News & World Report rankings remained in 2022’s top 10 list. Dartmouth Tuck (now tied with NYU Stern for 10th place) is the only newcomer to this year’s top 10 list.

2022 Full-Time MBA Rankings: What Changed and What Remained the Same

Once again, Stanford GSB has secured the #1 spot in the US News & World Report MBA rankings. This year, however, it is the sole holder of this position. While Stanford GSB and Wharton shared 1st place in the 2021 rankings, Wharton has dropped to #2 this year. Similarly, while Chicago Booth has earned 3rd place again this year, Kellogg (which shared the #3 spot with Chicago Booth last year) has fallen to #4.

Harvard Business School and MIT Sloan round out the top 5. Though the #5 spot is a repeat ranking for MIT Sloan, Harvard Business School celebrates a slight increase from its previous and lowest-ever position of 6th place.

Columbia Business School jumped slightly from 8th to 7th place. Berkeley Haas also secured 7th place, maintaining the same position from the previous year. For the third year in a row, Yale SOM finished 9th. Rounding out the top 10, NYU Stern secured 10th place for the second year in a row, joined this year by Dartmouth Tuck.

Duke Fuqua retains 12th place this year, while Michigan Ross dropped from #12 to #13. UVA Darden shares 13th place with Michigan Ross, falling from its past position of #11.

Cornell Johnson, Carnegie Mellon Tepper, USC Marshall, UCLA Anderson, Texas McCombs, and UNC Kenan-Flagler completed the top 20, in that order, with Tepper and Marshall tying for 16th place, and Anderson and McCombs tying for 18th.

Again, it is important to remember that changes over time are more significant, and these rankings vary from year-to-year and guide-to-guide. For instance, this year’s Financial Times Global MBA Rankings offer very different results than those shared above, in part due to the omission of Harvard Business School, Wharton, and Stanford GSB from their list.

The constant shuffling at the top demonstrates the growing competition among elite business schools. The average GMAT score range among the top 10 schools’ class of 2022 admits was just 13 points (from 720 to 733). Similarly, there was a small variation in average GPA, ranging from 3.5 to 3.8.

There are no longer just a few top programs to consider. While the M7 business schools receive a lot of attention, there are many compelling full-time MBA program options outside of the M7. Personal MBA Coach’s average client applies to five to seven programs to maximize their chances of acceptance.

Beyond MBA rankings, it is essential to consider factors including location, culture, areas of specialization and job placement. Just because a particular business school has a high position in general rankings does not mean that it will better prepare you for your next job. Consider your post-MBA goals and learning style and explore specialized rankings depending on these aspirations.

Finally, available financing also should be a key consideration since you may be able to secure more funding from one school versus another. Last year, Personal MBA Coach’s clients earned over $6M in scholarships. Depending on your personal circumstances, you might be better off selecting a school with a slightly lower ranking if it offers a more favorable financial package. Some M7 schools are very generous with scholarships while others award them much more sparingly.

About Personal MBA Coach:

Founded by a Wharton MBA and MIT Sloan graduate who sits on the Association of International Graduate Admissions Consultants Board of Directors, Personal MBA Coach has been guiding clients for 14 years and is consistently ranked #1 or #2, currently holding the #1 ranking in the US on Poets&Quants.

We help clients with all aspects of the MBA application process including early planning, GMAT/GRE/EA tutoring, application strategy, school selection, essay editing and mock interviews. Our team includes a former M7 admissions director and former M7 admissions interviewers.

Last year, our clients earned more than $6M in scholarships!

You also may be interested in the following blog posts:

How to Think About MBA Goals

Articulating Your Personal Story

How to Maximize Your Chance for an MBA Scholarship
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Re: Expert advice for Stanford from Admissions Consultant blogs [#permalink]


As we recently shared in our 5 month MBA application timeline, now is the perfect time for class of 2022 MBA hopefuls to begin their GMAT, GRE or Executive Assessment (EA) preparation.

If you have not already begun studying for the GMAT, GRE or EA exam, take this opportunity to sign up with one of Personal MBA Coach’s tutors before our slots fill up later this summer.

Even if you already have a strong GMAT, GRE or EA score, you want to make sure that you are fully maximizing your potential!

To help get you started, below are the questions Personal MBA Coach is asked most often about GMAT, GRE or EA testing.

How important is the GMAT/GRE?

While these tests are just one part of the application and are not the be-all and end-all, they are very important. Further, they will play a more important role for some candidates than for others. If you are applying with a weaker academic record or from a field of study that is less analytically intensive, your score (particularly your quantitative scores) will be key to showing that you can handle the academic rigor of an MBA program.

Additionally, if you are applying from an overrepresented applicant pool, differentiating yourself with a strong GRE/GMAT score will be even more important.

What is a good GMAT score? What is a good GRE score?

While naturally this varies from school to school, it is becoming less common to see students earn admission to top 10-20 schools with a GMAT score below 700. For the Wharton class of 2022, the average GMAT was 722 (the average GRE was 161 V/161 Q). For Stanford GSB, the class of 2022 average was 733 (the average GRE was 165 V/164 Q). Harvard Business School reported a median GMAT score of 730 and median GRE of 163V/163Q for the class of 2022.

When determining your target score, researching average scores is a great way to start. While those with a very strong profile, a unique background, or from an underrepresented applicant pool could gain admission with a below-average score, it is becoming less common to see large numbers of applicants with scores more than 20 to 30 points below average succeed.

In some cases, such as those discussed in the previous question, you may need to score 20 to 30 points above the average to even be on the same playing field as other applicants.

GMAT vs. GRE for MBA – Which should I take?

This question is much easier to answer. Candidates should take whichever test they can score better on. Schools do not have a preference about the two tests, and the GRE has become more common over the past few years.

Personal MBA Coach’s advice is to take a practice test for each and see which one comes more naturally to you. Generally, if quant is a strength the GMAT may be your friend while those stronger in verbal tend to prefer the GRE.

Further, if you have taken one test many times and have not been successful, consider changing gears and trying the other test. Of course, you will need additional preparation for this new test, but that may be worth the effort!

How many times should I take the GMAT?

GMAT scores are valid for 5 years and you can take the exam up to 5 times during a 12-month period. There is also a lifetime maximum of 8 tests, and you can take the test only one time every 16 calendar days.

Further, you can cancel your score and the report does not go to the school if you are not happy with the result. This change has led to candidates taking the exam multiple times. Our average candidate now sits for the exam 2 to 4 times (with some giving the test as many as 6 or 7 attempts.) While this policy may seem great, it has caused average GMAT scores to rise, as more and more candidates cancel low attempts.

How many times should I take the GRE?

You can take the GRE exam once every 21 days and up to 5 times within any 12-month period. GRE scores are valid for 5 years and currently there is no lifetime test limit for the GRE. Like the GMAT, test takers can cancel their score if they are unhappy with the result.

As with the GRE exam, our average candidate sits for the exam 2 to 4 times (with some giving the test as many as 6 or 7 attempts.)

How does online testing differ from the standard GMAT/GRE testing?

The GMAT online exam has 3 full exam sections: Quantitative, Verbal, and Integrated Reasoning. Currently, a new version of the online GMAT is being developed to also include the Analytical Writing Assessment (AWA) section. The test is administered using the same time, scoring, and number of items as the test center-based exams.

At this time, the online exam is available in all locations, except for Mainland China, Cuba, Iran, North Korea, and Sudan. Like the in-person GMAT, scores are valid for 5 years and count toward the 12-month and lifetime limits. After the test, one retake is available for the online GMAT.

The GRE General Test at Home is offered everywhere that the GRE is normally available (except Mainland China and Iran) and is available seven days a week around the clock, with appointments available as early as 24 hours after you register. The online GRE has the same content, format, and on-screen experience as the test center-based exam. Your GRE score report will not indicate that you took the test at home, and the retake policies are the same as the test center-based exam.

How should I prepare for the GMAT/GRE?

Think about how you learn best and use this to inform your study plan. Personal MBA Coach feels that most applicants do best with one-on-one tutoring, allowing the applicant to target areas where they are struggling the most.

For this reason, we offer a variety of one-on-one tutoring packages with tutors who scored in the 99th+ percentile on the GMAT and GRE exams and are graduates of MIT, Harvard, UPenn, Yale, Columbia and more. Take a look at our tutoring services here.

What is the Executive Assessment (EA) exam?

The EA exam was designed for experienced professionals interested in pursuing advanced education and is most often used by those applying for EMBA programs, though some full-time and part-time programs also accept the EA. The 90-minute exam was created to assess the skills and knowledge of experienced professionals and evaluate business school readiness.

At this time, Berkeley Haas, Chicago Booth, Columbia Business School, Duke Fuqua, INSEAD, London Business School, MIT Sloan, Kellogg, NYU Stern, UCLA Anderson, UVA Darden, Wharton and Yale SOM programs accept the EA for Executive MBA candidates. Columbia Business School, Duke Fuqua, MIT Sloan, NYU Stern, and UVA Darden also accept EA scores for full-time MBA applicants.

Personal MBA Coach provides dedicated one-on-one EA tutoring. The EA is a shorter test so if you are short on time, it may be a good option to take advantage of our Executive Assessment test prep.

About Personal MBA Coach:

Founded by a Wharton MBA and MIT Sloan graduate who sits on the Association of International Graduate Admissions Consultants Board of Directors, Personal MBA Coach has been guiding clients for 14 years and is consistently ranked #1 or #2, currently holding the #1 ranking in the US on Poets&Quants.

We help clients with all aspects of the MBA application process including early planning, GMAT/GRE/EA tutoring, application strategy, school selection, essay editing and mock interviews. Our team includes a former M7 admissions director and former M7 admissions interviewers.

Last year, our clients earned more than $6M in scholarships!

You also may like these other MBA application tips and updates:

Bouncing Back from an MBA Rejection

Personal MBA Coach's Take on the 2021 FT Global MBA Rankings

Berkeley Haas, UVA Darden, Michigan Ross, USC Marshall & Texas McCombs Admit with $70K Scholarship
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Re: Expert advice for Stanford from Admissions Consultant blogs [#permalink]
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In recent years, we’ve seen an increase in business schools’ offering Deferred MBA programs. This enables them to secure attractive candidates and cultivate their development prior to commencing the program. Thus far, only ten of the top-20 MBA programs offer the deferred option, namely Harvard, Stanford, Wharton, Booth, Kellogg, MIT Sloan, Yale SOM, Columbia Business School, Darden, and Tepper. Each program offers a slight variation from the traditional deferred MBA, and students interested in it should delve deeper into the specific schools’ offerings and requirements to make the right selection.

Typically, the deferred MBA allows students with no prior full-time professional experience to secure a seat at a coveted MBA program. Students in their senior year of university or master’s students in their final year of study can apply to secure a seat 2-5 years in advance of their MBA program's start date. During this time, most programs provide resources and a network that students can leverage to make bold moves in their careers that enable them to gain broader experiences and be more well-rounded professionals. The deferred program is particularly attractive for those joining industries with little representation in business schools or those seeking to be in the start-up space before commencing an MBA.  

To secure a seat at a deferred MBA program, business schools consider several elements of a candidate’s profile. Our Sia Admissions clients have been able to secure seats at these coveted institutions by focusing on at least these main four (4) criteria:

[*]Metrics[/*][/list]

While the traditional 2-year MBA programs are competitive, gaining admission to a deferred MBA is substantially more challenging. Let’s take Harvard Business School (HBS) as an example. HBS boasts an admission rate for its 2-year MBA program at 10.3%, while the 2+2 program (HBS’ deferred MBA) has an 8% admission rate. The prestige of these top programs means that they can accept the best of the best – students with exceptional academics and GMAT/GRE scores, unique life experiences, and impressive achievements. Therefore, to have a chance at being considered for a deferred MBA, academic success and strong GMAT/GRE scores are table stakes.  

  • Engagement

Though a deferred applicant does not have any prior full-time work experience, it does not mean that an applicant is competitive without any prior engagements. The schools will evaluate a candidate’s impact and future potential based on their engagements in their community, whether that’s extracurriculars or the community beyond academia. Typically, a successful candidate will also leverage their alma mater’s professional clubs to build experience and demonstrate impact. While engagement beyond a candidate’s academic setting is not required, the greater the impact and wider the scope, the higher the probability of gaining admission in this competitive pool.

  • Goals

Like a traditional MBA candidate, a successful deferred applicant clearly articulates why they need to secure an MBA at this point in their career. These ambitious goals typically require taking professional risks before commencing an MBA, a move many are not comfortable making before securing a seat at their desired MBA program. This means that the typical Consulting or IB candidates who do not intend to change career before joining an MBA program may not be the ideal candidate for this program, given that the traditional MBA program sees many such profiles.  

  •  Job

By the application deadline (typically in April), candidates must have secured a position following their undergraduate or graduate studies. The b-schools are seeking ambitious, mission-driven candidates who are continuously looking for ways to develop professionally and plan several steps ahead. Therefore, if you are considering a deferred MBA for the 2021-2022 application cycle and have not yet secured your job, take note that this is a crucial step in your admission success.
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Re: Expert advice for Stanford from Admissions Consultant blogs [#permalink]
The 2022-2023 MBA application season is upon us, and many top MBA programs already released deadlines, essay questions and online application forms for the MBA programs that start in 2023. Here is a quick update of what we have so far:

The following business schools have published their MBA programs’ deadlines for 2022-2023:

  • Harvard Business School
  • Chicago Booth
  • Stanford
  • Wharton Business School
  • MIT Sloan
  • Columbia Business School
  • Virginia Darden
  • INSEAD
  • Northwestern Kellogg
  • NYU Stern
  • Michigan Ross
  • UCLA Anderson
  • Duke Fuqua
  • Dartmouth Tuck
  • Yale SOM
  • Cornell Johnson
  • Cornell Tech
  • Cambridge Judge

The following schools published their essay questions for 2022-2023:

  • Harvard Business School
  • Chicago Booth
  • Stanford
  • Wharton Business School
  • Columbia Business School
  • Northwestern Kellogg
  • NYU Stern
  • Yale SOM
  • Berkeley Haas
  • Virginia Darden
  • London Business School

The following business schools have opened their online applications for MBA programs in 2022-2023:

  • Stanford
  • Harvard Business School
  • Chicago Booth
  • Wharton Business School
  • Columbia Business School
  • Northwestern Kellogg
  • NYU Stern
  • Virginia Darden
  • Yale SOM
  • Duke Fuqua

By the way, some MBA programs are continuing to offer GMAT/GRE waivers to 2023 MBA candidates - visit this post for more info, and feel free to get in touch with ARINGO for help with your MBA applications!
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Re: Expert advice for Stanford from Admissions Consultant blogs [#permalink]
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