To help MBA applicants navigate an uncertain Round 3 admissions round resulting from COVID-19/coronavirus, we have created a live update page, highlighting top school’s responses.
Visa Suspension and Increase in Waitlist: Since the US government suspended all visa processing services for international citizens, Harvard has shared that they would increase the number of the waitlist for R2 candidates to attract the “talented leaders from around the world” and contribute towards the overall class experience and bring a difference in the world.
Deferred Admission: In the worst case that visa is not processed within the R3 timeline, the admission team has assured that the applicants will be offered a deferred admission, joining with the next year’s class.
Round 3 Deadlines: Round 3 has not been postponed. It will remain as 8th April 2020 (2:00 PM Pacific Time). However, the admission team has offered flexibility in submitting test scores (GMAT, GRE) until 1st August 2020, but you will remain on the waitlist. The school has...
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...
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...
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...
Schools typically have Round 1, Round 2 and Round 3 deadlines with the majority of Round 1 deadline in Sep/Oct, Round 2 in January and Round 3 deadlines in Mar/Apr. However, a few top schools (Darden, Duke Fuqua, and IESE) offer an early application round in September for those applicants who are only applying to one school. Although the number of applicants who opt for such a path is low, those who follow through in the early-round has a higher chance of acceptance than the applicants from later rounds.
We don’t want to start the Round 1 vs. Round 2 debate but it is safe to assume that a 2:3 strategy that we had recommended in our consulting and review service would balance the risk of targeting all your dream schools in one round and getting rejected or waiting for Round 2 to target the dream schools. Spread the risk, earn some offers, and then keep one or two dream schools for R2. Freeing up your mind with an offer from a top 10 MBA program in hand could do wonders when you are targeting a top 5 MBA...
Although the disparity in wage gap among men and women MBAs is shrinking with improved training in negotiations, and greater involvement of the male partner in child rearing, no action is as consequential as a higher representation of women candidates in top MBA programs. Even though schools have virtue signaled their initiatives in splashes of news releases and LinkedIn posts, the truth lies in the numbers.
As long as Technology, Financial Services and Management Consulting are the top three sectors; flexible timing is a luxury that not many Management professionals would enjoy. A culture that respects the separation of work and leisure time is a logistical challenge that would only be bridged by the next generation when AI and Virtual reality can blur the line between face to face and virtual meetings.
Instead of randomly targeting schools with a higher percentage of women candidates, you can now target programs without compromising on the quality. To help you choose the best programs, we have broken down the top 25 MBA programs with their associated female representation in percentage.
The programs featured in the list include top MBA programs in the US, UK, China,...
While ranking the top 10 MBA programs, we found out that half of the Full-time MBA program doesn’t offer immediate post-MBA salary data but instead uses a 3-year post-graduation data that might not give a clear value proposition for applicants who shortlist programs based on immediate value. We have mentioned the peculiarity of this practice in our table.
Top MBA Colleges in UK
Although the impact of Brexit on access to European talents has not yet been tabulated (Right now the UK ranks #6 for labor market efficiency), the United Kingdom has fallen one place to rank at #8 in the world for Global Competitiveness. The technological readiness, a vital competitive advantage for economies, in a 16-year period, puts the United Kingdom at #1, ahead of the United States, Germany, and Japan, although the debts acquired by the govt. to fund social programs is at an alarmingly high ratio (close to 90% of GDP).
The GDP growth from 2001 to 2016 has been uneven with 2009 shrinking the GDP by 4.18% - the second largest fall when compared to nearest European competitors – France (-2.9%) and...