Average GPA - Top MBA Programs
Origin of GPA (Grade Point Average)
International students wonder how GPA became a ubiquitously American phenomenon. If you want to blame someone for starting a 4.0 scale, you should go back 200 years, when Ezra Tiles, the President of Yale, in her 1785 diary, divided the examination performance into four groups: “Twenty Optimi, Sixteen second Optimi, 12 Inferiores (Boni) and Ten Pejores." It was not until in Yale’s Records of Examination (1813) that a 4.0 GPA scale was formalized.
In 1830 and 1837, when Harvard played with a 20 point and a 100-point scale respectively, Yale tried to test with a 9.0 point scale, which the institution later switched back to the 4.0 GPA. Combining the grading, GPA, and percentage into a unified evaluation system took time.
It was not until 1897 when Mount Holyoke assigned grade to each percentage range.
A:95% and above
B:90% to 94%
C:85% to 90%
D:80% to 84%
E:75% to 79%
This later switched to A:4.0, B:3.0, C:2.0, D: 1.0 (GPA mapped to grading)
When A grade was rarer in the 50s, the inflation of the grade point average began in the 1960s when drafting for the Vietnam war was determined by the graduate’s D’s and F’s. Professors realizing the life and death effect of GPA began charitably offering B’s and As. Although Public and Private universities matched this trend, from the 1980s, and 2007’s, private universities led in the number of A grades offered to the class, perhaps matching with the helicopter parenting and the pressure on teachers the involvement entailed. Conclusive research on the impact poor grades had on mental health among kids competing in an international...
Coronavirus Impact on R3 Admissions – Advantage India
R3 admissions are traditionally discouraged for international applicants due to the hassle of getting visas, funding, and accommodation in a 2-3-month timeline. However, if you consider the tendency of local applicants to wait it out for Round 1, a small window opens for the self-funded and the permanent residents. Even by the most conservative estimates, 10-15% of the class is reserved for Round 3 applicants. The outbreak of Coronavirus has skewed the class representation in favor of Round 2 waitlisted applicants and those small groups of international applicants from India, Kuwait, Hong Kong, and Singapore not adversely affected by the virus.
Last Minute GMAT Test takers
Since the deadlines for Round 3 is during April first week, test takers who have appointments during March - a scenario that most R2 reject applicants deploy would be the most affected. As of 6th March 2020, GMAC has announced that testing has been suspended till March 31st ,2020, till further notice in Mainland China, March 25th for Italy, and March 14th for Kuwait. Test centers in Hong Kong have remained unaffected by the pandemic apart from a few special restrictions for test-takers (travel history and test for flu-like symptoms)
Face to Face Interview in Affected Countries
Despite most schools abandoning travel plans to mitigate the risk of community spread, schools...
Top MBA - GMAT and GPA (2020)
GMAT plays an important role in the MBA Admission process. You must study the GMAT Median and Mean score of your target schools. We at F1GMAT have researched and created the GMAT and GPA Score list for the top 60 MBA programs.
Pattern – GMAT and GPA Scores
GMAT: For the top 3 schools – Stanford, Harvard, and Wharton, the GMAT score has moved from the 720s to the 730-740 range as we entered a new decade.
A 10-point increase across all top 50 schools is a phenomenon that we have observed in 2020. Therefore, to remain competitive, your GMAT score should be in the 720-740 range. Anything below 720, requires considerable diversity of experience, achievements, and measurable impact that is outside the traditional contributions in extra-curricular.
Outside the top three, only Kellogg has an average GMAT score of 730. The rest of the top 20 schools have an achievable 680 to 727 range, with a large number of schools requires scores in the 710 to 720 range. An interesting trend seen here is that the average GMAT scores for European, Asian, and Australian Business schools tend to be between 660 and 680.
GPA: Although GPA on a scale of 4.0 is a US guideline, some schools tend to convert international student’s grades or percentages into an equivalent 4.0 scale based on their university’s grading range. Many schools explicitly mention that their Average GPA is based on US...
Top 20 MBA Programs - Tuition Fee & Total Cost (2020)
The cost of an MBA is a crucial factor in selecting a Business School. The Tuition Fee is just one aspect of the Cost. Other components of the expense are Health Insurance, Administrative Service, Books, Rent and Utilities, Food, Personal, Transportation, Computer Allowance, MBA Association Fee, and other membership fees.
Global travel trips would cost an additional $5000 to your expense. Apart from London Business School, we haven’t seen many top schools, including the cost under tuition fees.
On average other expenses will add an extra $35000 to $45000 to the Tuition Fee. Most top programs invited qualified applicants for scholarships and fellowships. External funding through competitive loans and conditional fellowships are other routes to fund your MBA program.
We have selected the top 20 Business Schools from Global MBA ranking and have listed the Tuition Fee for each MBA program. The costliest MBA program is the IMD 1-year MBA program at nearly $92,455 Tuition Fee and the cheapest MBA program- IIMA, Ahmedabad is at $15,000.
The tuition fee and total cost are for 1 academic year, except for London Business School (15 to 21 months) and IIMA (2-year), for which, we have...
Germany: Industry Trends, Post MBA Jobs and Salaries (2020)
Despite a budgetary surplus in 2019, wage growth, and lower unemployment rate, 2019 Q3 saw Germany saving itself from a technical recession through thin life support of 0.1% growth. The weak global auto demand, disruption in trade with Brexit and political uncertainties in the country, were all factors but the ride-sharing apps dominance, increased competition from China & South East Asia in Manufacturing, and the subdued growth of emerging and developed economies led to lower demand for the manufacturing industry – the leading exporter in Germany. The government estimated a modest 1.2% GDP growth for 2020.
From mass production to automation to intelligent machines, the Industry 4.0 was spearheaded by the Germany government with the unveiling of the idea in the 2011 Hanover Fair that become a policy document in 2013 when the government began focusing on improving the stagnant productivity in factories, despite automation, by introducing ‘smartness’ and de-centralized processes in the manufacturing process and supply chain. The safe virtual environment to test multiple design ideas and simulation models addressed the high cost of testing. Taking a leaf from software development, manufacturing scaled modularity into the process with secure cloud services, that does a better job in driving real-time data collection and analysis. The digitization projects in Consulting are mostly focused on developing this capability....