Quick Question: With all other things being equal will a graduate business program be more likely to accept a student from an elite university? (similar to GRE/GMAT, GPA, diversity)Quick Answer: Yes, if all other things are equal and the adcom is considering two candidates, one of whom went to an elite university and the other of whom did not the one who went to an elite university definitely has the advantage. That said, all things are rarely held equal, and it’s the total picture that matters and it’s definitely not all about scores or stats. A good GPA from a prestigious undergrad does not guarantee admission to a top MBA program by any means.
Your GMAT and work experience are critical as is the overall story you tell about who you are, what you’ve accomplished so far, and the impact you plan to have post-MBA. The GMAT is a good indicator of whether or not you’re up for the rigors of b-school, and your work experience is an opportunity for you to show the impact you’ve already had (and thereby show your future business potential as well) and also an opportunity to differentiate yourself. The adcom wants to see that you’ve driven meaningful results, held leadership positions, etc.
In addition to that, your post-MBA goals are critical since your whole argument for why you need the MBA hinges on them. They want to know what you plan to do post-MBA (what significant problems will you solve and/or what opportunities will you tackle?) and they want to know WHY this is your passion (and of course why you need the MBA to get there). The trick is to impress them with your stats, your work experience and your goals while at the same time telling a story that stands out from the crowd & makes them want to admit YOU vs. some other equally qualified candidate.