tispot
i was looking at number of applicants on gmatclub and became surprised by the number of applications for R2.
previosuly, i thought that interviewed applicants had 50% of getting admitted, but now considering the number of interviewed (50/107), do you people still think we've got 50% chance?
or is booth interviewing 50% of applicants, but admittance rate would be lower to match the class size of 550?
any idea?
It is mad early for me to be messing with numbers without any caffeine -- it is a scientific fact that Saturdays are for sleeping in late -- but here's how I approach your question.
According to Business Week's profile, Booth gets close to 4,000 applicants each year. I don't have numbers for how many interview invitations are released, but I do recall reading somewhere that the yield of accepted students is around 60%. For a class size of 550, this means about 900 students are accepted. (I have also read that overall selectivity is a bit over 20%, so: again, close to 900 accepted.)
So it IS conceivable that your observation of GMAT Club's stats is accurate: 50% of about 4000 applicants get interviews = 2000 interviewed. Then 50% of 2000 get accepted = 1000 accepted. Then 60% actually matriculated = 600 students in the new class. Not so far off, right?
That said, I suspect GMAT Club's success rate is higher than average (just look how well we're doing at other schools at which it is notoriously difficult to score interviews or acceptances). So the number of interviewed applicants is probably actually lower than 50%, which means that the chances of getting in after interview are probably a bit higher than 50%.
Just my take.