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Wharton's Class 2023 Profile Posted: over 50% Women, 733 GMAT, 324 GRE

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Wharton's Class 2023 Profile Posted: over 50% Women, 733 GMAT, 324 GRE [#permalink] New post   28 Jul 2021, 10:21
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Wharton Class of 2023 Profile

Average GMAT: 733
Average GRE: 324 (162, 162)
Average GPA: 3.6 (US Only)



PHILADELPHIA, July 28, 2021—The Wharton School of the University of Pennsylvania today announced that, for the first time in its 140-year history, women will comprise more than 50% of the incoming first year class of MBA students. At nearly 52%, the percentage of women in the Wharton MBA Class of 2023 represents a 10% increase in female students over last year’s first year students. These achievements are the result of a years-long effort to promote Diversity, Equity and Inclusion (DEI) throughout Wharton which today is led by Deputy Dean Nancy Rothbard and Dean Erika James, who is the first woman ever appointed to lead the School.

Links:
Wharton Press Release: https://news.wharton.upenn.edu/press-re ... s-of-2023/
WSJ: https://www.wsj.com/articles/wharton-is ... listb_pos1
CNBC: https://www.cnbc.com/2021/07/28/wharton ... -time.html

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Re: Wharton's Class 2023 Profile Posted: over 50% Women, 733 GMAT, 324 GRE [#permalink] New post   28 Jul 2021, 10:55
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This is pretty historic....
Looking at the number of women and men who take the GMAT, in 2016 - 45% of the tests taken were by women while in 2020, that number has gone up to 47% so it has grown to almost a 50% parameter.

However, I dug in more into the GMAC's data to see the real representation of Men vs. Women in terms of applications:

Male Applicants in 2019 - 2020:
Tests taken: 93,425
GMAT Scores Sent to MBA Programs: 135,050


Female Applicants:
Tests taken: 79,653
GMAT Scores Sent to MBA Programs: 69,617



There are twice as many Males applying to BSchools as Females! That means purely mathematically and statistically, chances are 2x for women. The reason is that while women took 47% of the GMAT tests, they sent half of those to non-MBA programs while men sent only 33% to non-MBA programs. It seems to be that the 50/50 ratio is not representative of the intent or competition. There is a clear picture of less intent and less competition among women. I am not sure if the % of incoming class should be based on the population averages or the intent 🤷‍♂️
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Wharton's Class 2023 Profile Posted: over 50% Women, 733 GMAT, 324 GRE [#permalink] New post   28 Jul 2021, 12:18
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While there can certainly many points of view about politics and optics of such statistics, a hard data point caught my eye.
The one thing we all love to discuss here: the GMAT.

Class of '22
Average GMAT: 722
Median GMAT: 730

Class of '23
Average GMAT: 733
Median GMAT: 740 :shock:

While there are a number of factors which could have affected this (International deferrals from typically high-GMAT countries like India, China etc.), I'd love to know what some of the more seasoned members have to say about this.
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Re: Wharton's Class 2023 Profile Posted: over 50% Women, 733 GMAT, 324 GRE [#permalink] New post   28 Jul 2021, 12:25
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I am hoping Wharton to be a trend setter. Most industries are moving towards Diversity e.g. BlueScope steel Australia made 40:40 vision. 40:40 stands for 40% women, 40% men and 20% any gender. A diverse workforce and inclusive culture are competitive advantages that lead to sustained business success and make a better place to work & study.
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Re: Wharton's Class 2023 Profile Posted: over 50% Women, 733 GMAT, 324 GRE [#permalink] New post   28 Jul 2021, 15:16
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sp24 wrote:
While there can certainly many points of view about politics and optics of such statistics, a hard data point caught my eye.
The one thing we all love to discuss here: the GMAT.

Class of '22
Average GMAT: 722
Median GMAT: 730

Class of '23
Average GMAT: 733
Median GMAT: 740 :shock:

While there are a number of factors which could have affected this (International deferrals from typically high-GMAT countries like India, China etc.), I'd love to know what some of the more seasoned members have to say about this.


Your explanation definitely could play a role. However, there may be another one (simpler and easier).
Wider acceptance of GRE scores... the Average GMAT was 733 while the average GRE was 324 (that's meaningless to me) but if you convert that to to GMAT, that's 670... so I feel that there was a group with really high GMAT scores and there was a group with low GMAT scores that decided to apply with GRE instead since they knew they had no chance with the GMAT scores....

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Re: Wharton's Class 2023 Profile Posted: over 50% Women, 733 GMAT, 324 GRE [#permalink] New post   29 Jul 2021, 07:05
bb wrote:
sp24 wrote:
While there can certainly many points of view about politics and optics of such statistics, a hard data point caught my eye.
The one thing we all love to discuss here: the GMAT.

Class of '22
Average GMAT: 722
Median GMAT: 730

Class of '23
Average GMAT: 733
Median GMAT: 740 :shock:

While there are a number of factors which could have affected this (International deferrals from typically high-GMAT countries like India, China etc.), I'd love to know what some of the more seasoned members have to say about this.


Your explanation definitely could play a role. However, there may be another one (simpler and easier).
Wider acceptance of GRE scores... the Average GMAT was 733 while the average GRE was 324 (that's meaningless to me) but if you convert that to to GMAT, that's 670... so I feel that there was a group with really high GMAT scores and there was a group with low GMAT scores that decided to apply with GRE instead since they knew they had no chance with the GMAT scores....


Got it! That would be a far more plausible explanation bb.
But would that imply that as the proportion of applicants with GRE scores goes up, GMAT Medians at all schools would continue to climb?
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Re: Wharton's Class 2023 Profile Posted: over 50% Women, 733 GMAT, 324 GRE [#permalink] New post   30 Jul 2021, 10:44
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That's a good logical conclusion! :thumbsup:

There is a bit of arbitrage available right now with the GRE where even the top schools have a fairly low average.
Schools have long tried to balance brilliant applicants with test scores where sometimes the most intriguing and talented applicants had fairly low GMAT scores. In which case, programs had to sandbag these scores by recruiting high-scoring individuals with less stellar profiles. Currently GRE and test-optional policies allowing schools to have a loophole around GMAT scores for rankings by using the GRE. I think the system should balance itself out. One element I can see is that the GRE acceptance will continue to expand as it creates an impression that a mediocre GRE score can get you into Wharton (not really true) but it creates an impression of being able to get in a low score and not having as much of a barrier.



sp24 wrote:
bb wrote:
sp24 wrote:
While there can certainly many points of view about politics and optics of such statistics, a hard data point caught my eye.
The one thing we all love to discuss here: the GMAT.

Class of '22
Average GMAT: 722
Median GMAT: 730

Class of '23
Average GMAT: 733
Median GMAT: 740 :shock:

While there are a number of factors which could have affected this (International deferrals from typically high-GMAT countries like India, China etc.), I'd love to know what some of the more seasoned members have to say about this.


Your explanation definitely could play a role. However, there may be another one (simpler and easier).
Wider acceptance of GRE scores... the Average GMAT was 733 while the average GRE was 324 (that's meaningless to me) but if you convert that to to GMAT, that's 670... so I feel that there was a group with really high GMAT scores and there was a group with low GMAT scores that decided to apply with GRE instead since they knew they had no chance with the GMAT scores....


Got it! That would be a far more plausible explanation bb.
But would that imply that as the proportion of applicants with GRE scores goes up, GMAT Medians at all schools would continue to climb?
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sp24
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Schools: Darden '24 (M$$$$) Ross '24 (D) Kellogg '24 (WL) Johnson '24 (WD) Stern '24 (A) Kenan-Flagler '24 (WD)
GMAT 1: 760 Q50 V42 (Online)
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Re: Wharton's Class 2023 Profile Posted: over 50% Women, 733 GMAT, 324 GRE [#permalink] New post   30 Jul 2021, 11:39
Very insightful bb. Although it does make me a bit insecure *wink* about the GMAT score I managed to get. But I feel these are a tricky few years to be applying to business school, where all predictions and handicapping go out of the window, as compared to the last few cycles (bar last one).

And I'm sure the schools definitely wouldn't mind the additional revenue from the application fees, which the kind of impressions you mentioned will definitely bolster.
Oh what I would't give to be a fly on the wall during these meetings at the schools.

bb wrote:
That's a good logical conclusion! :thumbsup:

There is a bit of arbitrage available right now with the GRE where even the top schools have a fairly low average.
Schools have long tried to balance brilliant applicants with test scores where sometimes the most intriguing and talented applicants had fairly low GMAT scores. In which case, programs had to sandbag these scores by recruiting high-scoring individuals with less stellar profiles. Currently GRE and test-optional policies allowing schools to have a loophole around GMAT scores for rankings by using the GRE. I think the system should balance itself out. One element I can see is that the GRE acceptance will continue to expand as it creates an impression that a mediocre GRE score can get you into Wharton (not really true) but it creates an impression of being able to get in a low score and not having as much of a barrier.



sp24 wrote:
bb wrote:

Your explanation definitely could play a role. However, there may be another one (simpler and easier).
Wider acceptance of GRE scores... the Average GMAT was 733 while the average GRE was 324 (that's meaningless to me) but if you convert that to to GMAT, that's 670... so I feel that there was a group with really high GMAT scores and there was a group with low GMAT scores that decided to apply with GRE instead since they knew they had no chance with the GMAT scores....


Got it! That would be a far more plausible explanation bb.
But would that imply that as the proportion of applicants with GRE scores goes up, GMAT Medians at all schools would continue to climb?
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Re: Wharton's Class 2023 Profile Posted: over 50% Women, 733 GMAT, 324 GRE [#permalink]
30 Jul 2021, 11:39

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