Here are some posts transplanted from the "2007 Chicago GSB Applicants" thread here to seed the new discussion... If anyone wants to calculate some other schools' rates, please feel free to do so
I might give some of them a try when I get some time.
kryzak wrote:
I'm wondering, if they say roughly 50% of all applications are "junk" either because of the essays, recommendations or grades/GMAT, that means the acceptance rate for all the top schools are roughly doubled for people like us who are spending time revising and editing our essays over a period of months. If our GMAT/GPA are pretty decent, and our recommenders know to write very specific examples, and we don't bomb our interviews (since supposedly doing well in interviews doesn't change that much), then we probably have a 40% chance of admission to the top 15 schools.
Yes, it's a rough sketch and there are some amazing candidates out there, but in the end, most of each class in all the top 15 schools are probably "normal" over-achievers like ones we find here on GMATClub. Not everyone can be Iraq veterans, Olympic medalists, or Orphanage leaders...
Just a thought.
mNeo wrote:
Playing with percentages can give us a false sense of security. So, lets take a specific example. Let's take Kellogg. Assume that there are 4000 applicants and 960 get acceptance - giving a 24% acceptance rate.
Also assume that profiles of 50% of applications are weak in one or more areas. So, 960 applicants get accepted out of 2000 applicants who have good work-history, GMAT/GPA, recommendations, essays and interviews .. i.e. overall strong profiles. From a percentage point of view, we have a 48% chance of getting selected, which seems very high. But from a sheer numbers point of view, we have to beat 1040 very strong applicants (Who, just like you, do not lack in any area) to get accepted.
So, turning a 48% chance into a 100% chance of getting selected by the time your application gets reviewed is a hell lot more difficult than turning your 24% chance into a 48% chance.
dosa_don wrote:
kind of odd to hijack GSB's thread to discuss K but here goes:
Latest "Facts and Figures" for K:
https://kellogg.northwestern.edu/admissi ... 07_web.pdfWell does not look like a huge jump in number of applicants to me: around 100 more overall when compared to 06 (around 70 in the 2Y and MMM pool). I am not sure about the acceptance % but the GMAT score bands are interesting.
I did the same analysis as Rhyme and came up with this.
640- = 12% acceptance
650-690 - 18%
700-740 - 27%
750+ - 30%
So what it shows I think is that over 700, your GMAT score does not really matter much.
I would take this as just a directional analysis. I assumed yields of 80%, 70%, 60% and 50%. Came up with a total of 961 admits and 589 enrolled (~62% yield).
kryzak wrote:
dosa: you should look at pelihu's analysis with the yield numbers. It makes sense and is supported by good logic. With that yield, your 700+ acceptance rates should go up to 40-50%.
mNeo: You are correct, competing against the 2000 applicants will require us to be better at essays, recommendations, and interviews. That's why I said this is just to help us sleep better at night, but doesn't mean our work is over!