Lich wrote:
Are you serious??? Where did you hear that you MUST visit to have a decent shot? And where are you getting this 15% rate?
I actually think the acceptance rate is closer to 40%.
Here is what I use to base my calculations
https://www.businessweek.com/bschools/05 ... london.htmTotal Full-time MBA = 629, thus for incoming classing it will be 315 (LBS is a 2-year program)
Total number of applicants = 1467
Assume that LBS has a 50% yield (this is fair assumption, look at their yield rates, it decreasing every year)
So to fill a class of 315, LBS needs to accept approximately 630 people.
Thus 630/1467 roughly equals 43%.
Unless there are any glaring flaws in my calculations (or the numbers provided by BW is BS), I think my reasoning is sound, and I don't how you can possibly arrive at the 15% you quoted based on these numbers.
Yes, the data I am using is for 2005, but really do you think the difference is that drastic in 2006? I doubt it.
BTW, is everyone applying in R2 visiting or has already visited the school? I haven't and don't intend to.
Wow, you really picked a bone of contention on this one. Well, according to my sources, your calculations do seem to be
glaringly flawed.
According to the school's adcom manager, David Simpson, there is a HUGE discrepency in the stats that you cite.
I read archived
Accepted.com transcripts which contain responses to a multitude of questions from current students and adcoms during the 2005 application season. Here are the transcripts of that chat:
https://accepted.com/chat/transcripts/20 ... 6_lbs.aspx
As you can see,
(1) When I say MUST visit the school, I mean every student who participated in this chat (and several others) really stressed the importance of visiting the campus at some point in time during the application process. Gaining admissions without a visit seemed to be an exception rather than the rule.
Somebody please correct me if I'm wrong, but isn't this the case for most top programs?
(2) LBS received approximately
1800 applications for their full time program last year (varies depending on the transcript, but I have read 2100 in another transcript) and interviewed roughly half, admitted slightly less than a quarter, and
yielded about one sixth of the overall applicants (~310)---> This figure can be confirmed on the school's website.
1800~2000, not 1467;
310, not 315. These numbers come directly from the adcom, current MBA students, and the school's homepage, not b-week, so go figure on who is correct?
1800~2000/310 is where I got that 15% figure from. I do stand corrected, it is the
yield, not the acceptance rate.
Furthermore, from what I gathered, most LBS students are proficienct in
two foreign languages other than English. Seems like a competitive program.