Updated BW profiles

Question

I am sure a lot of you might have seen this on each individual schools website but BW has now updated the school profiles with the entering class information. 

 https://www.businessweek.com/bschools/rankings/

dosa_don · Answer

Nothing better to do on a Friday morning....


so just did some analysis on Ross:

APPLICANTS
Applications (admitted and denied) to the newest class:
2983

Applicants who were accepted to the most recent class:
20 % ~ 597

But Ross did release their R1 stats last year- 869 applicaants, 550 interviews, 289 admits. 

So...in R2 + R3, Ross received ~ 2100 applications, and admitted 308 for a  selectivity rate of 15% . 

According to the data, they interviewed 41% of all applicants ~ 1223. So R2 + R3 ~ 773 applicants were interviewed, ~35% vs 63% in R1

So....anyways atleast last year, it looks like R2 was much more competitive than R1, atleast for Ross (and very possibly other schools). 

Also, assuming the same yield for men and women, women had a 28% selectivity rate vs 18% for men. 

Similarly, international applicants had a ~13% selectivity rate vs 26% for domestic

riverripper · Answer

This year is going to be worse...a lot of the top 10 schools will be in the teens for acceptance %. I should have applied 2 years ago.

dosa_don · Answer

One of the stats that strikes me as odd is Ross's yield- they claim a 70% yield which is higher than Wharton's. So the schools with the highest yields:

H ~ 90%
S ~ 80%
Col ~ 77%
Ross(?) ~ 70%
W ~ 67%

The rest of the schools fall in the ~ 60% range and all the others in the ~50%. 

So the only 'outlier' is Ross. Anyone have any explanation for this? Could it be that Ross is just outside the M7 and that is the #1 school for most of the applicants who are looking at E/TE schools?

nervousgmat · Answer

dosa, one of the explanations for this incredible yield is the effort Ross puts in to convince admitted students to enroll. Read this:

https://media.www.themsj.com/media/stora ... ey=1684680

Getting Admits to Choose Ross

Probably one of the most enjoyable parts of the recruiting process is convincing admitted students that Ross is the right fit for them. It is truly a collaborative effort as we mobilize current students and alumni to help the Admissions Committee. The Admissions staff personally calls (or e-mails, if time zones are an issue) all admitted students. As soon as the calls begin, eager applicants are on the web boards chatting about "the call" and trying to figure out our strategy for the timing of the calls. We then match current students and alumni with each admitted student, based on location and/or career interest, to make "welcome calls." These volunteers serve as a resource for the admitted student throughout the decision process, connecting them to other members of the Ross community as needed.

Because fit plays an important role in the decision stage, we try to provide admits with many opportunities to experience the Ross culture. Go Blue! Rendezvous (GBR) is our major MBA recruiting event. The phrase, "Seeing is believing," could not be more true than in the case of GBR. Over 70% of GBR attendees decide to enroll at Ross. As such, we strive to get as many admitted students as possible to attend. For students who either cannot attend GBR or cannot wait until GBR to visit, we offer another Ross Preview Day in February.

In addition, we host admitted student receptions around the country, many of which are generously supported by our alumni. We also work with our alumni clubs around the world to invite admitted students to club events throughout the spring and summer.

Finally, we improved the web board (a vital resource for admitted students) by hosting it on Google. In less than 24 hours, over 240 people joined the board. Admitted students from all over the U.S., Western and Eastern Europe, Latin America, and Asia are connecting with each other and current students to meet their future classmates and plan get-togethers in their region prior to Go Blue! Rendezvous.

The willingness of our students and alumni to be ambassadors for the school and support our recruiting efforts is key to our ability to attract the best students and preserve our unique culture. The Admissions team appreciates the commitment of our community and welcomes your ideas for enhancing our recruiting activities around the world.

dosa_don · Answer

Thanks nervous, that definitely makes sense. 

Also, could it be that amongst the top 10 schools, Ross is one of the more geneous with scholarships/financial aid? I remember atleast one applicant from GMATclub last year (lxa) who chose Ross over Chic.

kwam · Answer

I've heard that Ross also spent big bucks with scholarships with some strategic regions to increase their brand recognition, have you guys heard anything about it too?

nervousgmat · Answer

I haven't heard anything about Ross but another top 15 school definitely invested some bucks to attract international applicants from certain regions in order to increase its brand recongnition...

lepium · Answer

I heard about this, too (at least last year).

L.

dextrous · Answer

and what school is that?

uphillclimb · Answer

Got an email from Ross taking note of my GMAT score and offering carrot of potential scholarship/fellowship money. Had not even considered it in my lineup - I know it's a great school, but am focused on schools w/good media programs & offerings. Am off to troll their website for more info, but in the meantime, can anyone shed any light on the program? Would be most appreciative. Many thanks.

bsd_lover · Answer

Would Oceania be one of those regions ??? A few high probability, scholarship dollars might lure me into applying there ..

pelihu · Answer

I missed this. It looks like it really was pretty tough last year (compared with preceding years).

trader1 · Answer

Has anyone thought that the MBA "market" may be peaking right now? This is quite an uneasy feeling considering the state of the financial system and ongoing cuts, hiring freezes, etc. going on across not only investment banking firms, but other multi-national corporations.

Could this year's and the following couple year's graduates be in for a dwindling job market?

These thoughts are constantly in the back of my mind, as I am applying to MBA programs beginning in Fall 2008. What could be worse than going into debt tens of thousands of dollars and walking out of a top MBA program with no job? 

Does anyone know how it was for MBA grads following the dot com bust?

riverripper · Answer

My interviewer from GSB graduated in or '01 I believe. He said the market was very bad then, especially for the banking industry (post 9/11). From what he said it was only really tough on career changers. Former bankers got the jobs over people that had no experience but wanted to switch into it...He got a job like 3 or 4 months after graduated (engineer to IM).

I think if you are staying in a field similar to what you are doing it wont be a problem. However, if you are going from IT to IB and companies aren't recruiting as heavily then its going to be harder because you are going against a lot of folks who have prior IB experience. Also going to a top 5 or even top 10 school vs a top 20 also will make a difference if it really gets bad.. I know in the bad years when companies lowered the number of new hires, the hits came from a lot of the schools they dont recruit as much from. They want to keep their standing with their core schools, so they cut back at their lesser schools. A lot of companies rely on their relationships with a handful of schools to get the majority of their MBA hires, so these are bonds they really want to maintain. I have not heard of any companies not showing up this year at the big schools.

It really is more based on industry though, our economy could be doing crappy but if you are doing internation business your job market might be amazing. I am not worried about it, even if I cant find a job in my desired industry, there are going to be tons of job opportunities for someone with a general management MBA from a top 5 school. If I wanted to go into banking I still wouldnt worry. I would just make sure to keep my options open because my background has no finance in it so getting a banking job could be tough in a down economy.

You just have to be prepared to do a lot more leg work, networking, and to take a job that is not your first choice.

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