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14 Nov 2012, 08:40
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kingfalcon
Their yield went high last year and they had to open more seats (415 total). So based on that their yield went to 70%. So this year, they will offer admission to around 571 people and 400 of them will accept the offer.
Let's say their acceptance rate is 13% so that brings number of applicant to 4392. If I follow the information in KingFalcon's post, that means 1460 people applied in R1.
Also generally they offer few more spots in R1 so say they offered 220 spots from 400 spots, they want to send out number corresponding to their yield. This year they adjust to yield data from last year they want to offer admission to 314 people in R1.
Rod Garcia said it in an interview that Sloan generally invites double the number of people they want to admit so they will send out interview invite to 628 people.
So out of 1460, I need to be one of those 628 people. Phew..I like the odds compare to Stanford GSB.
Although this calculation exercise is quite futile it is fun. I am pretty sure my boss would appreciate it.
14 Nov 2012, 18:49
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quixef
You might want to post this in the general Master's degree forum ( masters-of-science-programs-ms-148/) as this one is more for the MBA application. However, MIT now uses a similar supplemental essay for both applications -- more or less, describe yourself to your classmates. Given that topic, I would think most applicants should complete the supplemental as it provides you an opportunity to distinguish yourself from other applicants.
For other schools with "typical" supplemental essays that give you space to identify issues with your application/extenuating circumstances, I would only complete those if you have something of substance to include.
