neo276 wrote:
Congratulations !
To Pelihu:
"That's awesome. I'd say that you're exactly the type that HBS is looking for. In fact, I would bet that Kellogg (and possibly Wharton) realized just that and didn't admit you for yield management reasons."
Can you please elaborate on the above? Do you have any insights on what HBS/Wharton/Stanford are looking for?
Here's a stat. Average months of work experience:
Wharton 71 (most of any school in the top 30)
Harvard 54 (2nd least of any school in the top 30)
Stanford 48 (least of any school in the top 30)
It have been widely observed that Harvard and Stanford really favor younger applicants, while Wharton still values more experience. If we apply a normal curve to these numbers, I would guess that 80% of Wharton's students have 4-8 years of experience. At Stanford, the middle range is probably 3-5. So in terms of experience, Brown (the poster in this thread) fits great with Harvard & Stanford, but actually comes up a bit short for Wharton.
Obviously, his stats are stellar for any school, which leads me to another point. Harvard has a yield of 90%, Stanford has a yield of 80%. Wharton's yield is a little lower, and Kellogg's is a lot lower. This means that Harvard and Stanford admit who they want, and can pretty much expect their admits to matriculate (other than the 100 or so that are admitted to both Harvard and Stanford of course). Kellogg for sure knows this. They are wary that admitting hyper-qualified folks will damage their yield even further (currently just 56%); so instead they waitlist. If the candidate remains interested in 2 months, Kellogg can admit them at that time. If the candidate is admitted to H/W/S, many will, as a courtesy, inform schools where they still have pending decisions and withdraw their apps. Kellogg then doesn't have to admit this person that won't show up anyways.
Also, stellar stats and scores can be enough to get into Wharton (solid work experience too). For Harvard and Stanford, you need a boost from extracurriculars. Brown didn't identify his, but said that they were good. Combined with the other things, he looks perfect for Harvard. Given Wharton's record, they probably would have preferred another year of experience. I'm just observing based on known stats. As mentioned before, if Kellogg gets this candidate, they are probably thinking "we're the back-up school"; which they hate.