Update from Wharton about Round 1 Interviews

Last week Wharton’s admissions committee published in its blog that on 10/27 they began to send out interview invitations to Round 1 applicants, and invitations will continue to be sent out until 11/11. The invitations are sent via email in no specific order.

Beginning from Wednesday 11/2, Wharton will begin interviewing on campus until 12/2. In addition, interviews will be held at a number of central cities around the world between 11/7-11/30. All interviews are judged equally regardless of their location. There is a limit to the number of off-campus interviews, so it is recommended to schedule them early.

Wharton emphasizes that each interview takes about 30 minutes in which the interviewee will be asked behavioral questions which will require him or her to tell about specific life events and situations.


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Tuck Tops Economist's 2011 Ranking

The Economist published its 2011 ranking of MBA programs around the world. Tuck, ranked first, and Chicago, ranked second, switched places from last year’s ranking.

The Economist’s ranking, considered relatively unusual and surprising, considers four elements when evaluating a program: availability of new career opportunities (35%), personal development and educational experience (35%), salary increase (20%) and potential of the alumni network (10%).

The ranking’s surprises include LBS ranked at only 13, Wharton at 15, Kellogg at 18, and INSEAD only at 19, while IMD ranked third in the world, Darden fourth, and York ninth!
With the ranking, the magazine also reported that the yield on investment in an MBA degree decreased significantly in the past 5 years, especially at schools not included in their top 15.

The rest of the top ten after Tuck and Chicago:
IMD
Darden
Harvard
Berkeley
Columbia
Stanford
York-Schulich
IESE

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HBS sends out interview invites

Harvard published in its blog that they will be sending out interview invitations this week to Round 1 applicants. The invitations will be sent out over the next three Wednesdays (10/26, 11/2, and 11/9), and by 11/9 all Round 1 applicants will have received some sort of response- an interview invitation, an invitation to join the waitlist, or rejection.

The interviews will take place either on campus, at different cities around the world, or over Skype with no preference given to any interview location or method.

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Stanford Named "Greenest" MBA Program

An article published in Businessweek reports that Stanford took the top spot in the Beyond Grey Pinstripes’ new MBA ranking. This ranking, as opposed to the more popular rankings that focus on students’ grades or their post-MBA salaries, focuses on the way MBA programs integrate social, ethical, and environmental topics into their curricula. The survey checks programs both in terms of course offerings and extracurricular activities. Stanford’s MBA program was ranked #1 since it offers numerous courses as well as research opportunities related to the environment.

The survey that was conducted to determine the ranking found a 38% increase in the number of core MBA courses relating to social interests, ethics, and the environment in the areas of finance, and an increase of 41% in the areas of marketing.

The ranking, released once every two years, ranked Schulich second, IE third, with Mendoza and Yale occupying the fourth and fifth spots.

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Updated Stanford Numbers- Less Applicants, Less Women, and Less Consultants

Stanford published data about the makeup of its MBA class who have currently embarked on their studies. The data shows that the number of applications decreased by 9% this year (only 6,618 applications were submitted for this year’s class compared with 7,204 last year), while a decrease of only 4% was shown at Harvard and 5.7% at Wharton.

In terms of their career backgrounds, only 16% of students come from consulting (as opposed to 21% at Harvard and 22% at Wharton), a decrease of 20% and the lowest number in the last six years. On the other hand, the class shows an all-time high of 13% of students from non-profit backgrounds- including social enterprises, government, or military. Twenty-eight percent of students have a finance background. The average length of prior experience is 4 years, with a range of 0-18 years.

In terms of their B.A.s, 45% of students hold undergraduate degrees in the humanities and social sciences, 35% in engineering and life sciences, and 20% in business.

The data also show a drop in the number of female students at only 35%, compared with record highs of 45% at Wharton and 39% at Harvard. International students from 56 different countries represent 38% of the current Stanford class.

The average GMAT score rose 3 points to 731 for the current class, preserving Stanford’s status as the MBA program with the highest average GMAT score in the world (compared with 730 at Harvard and 720 at Wharton). The GMAT scores range from 530-790.

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