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Starting your application here are five questions to ask yourself before drafting your essay..
Alumni and students routinely describe applying to Chicago Booth as a life-changing decision. This is why we encourage candidates to use our application not only as a means of gaining admission, but also as an opportunity for self-reflection and to prepare for this exciting next step. One of the best ways to communicate your MBA motivations and connection to Booth is through the essay portion of the application. The essay prompts for this cycle are as follows:
Whenever you decide to apply, we wish you the best of luck! Looking for more application tips? Check out more application advice from Boothies and Admissions. We’re also hosting events ( Full-Time ; Part-Time ) throughout the summer, where you can get your questions answered in real time. We wish you the best of luck with your application!
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Interested in applying for your MBA while in undergrad? Read on as Irene Kuo touches on her experience applying to our deferred MBA program and more.
Visiting campus is a great way to get a sense of what it’s like to be a student at Booth. We encourage you to sign up for a campus visit today!
We connected with the Kilts Center to dig deeper into the resources they offer for students and alumni with interests in marketing, product management, and other related areas.
If you are in your mid-to-late twenties and already comfortably earning a six-figure income, should you quit and go back to school for an MBA?
Walking out the exit door to spend two years without a paycheck is not a theoretical question. The median pre-MBA pay at ten business schools have done just that. The typical Stanford MBA leaves a job paying $123,743. At Harvard, incoming MBA students leave behind jobs that pay them $120,591. And at Wharton, MBA students walk from a job that paid them $116,137 a year.
Not surprisingly, according to an analysis, the highest pre-MBA salaries are at those three business schools. But there are at least ten MBA programs that routinely attract students who make their exit from jobs that have paid them a six-figure salary. After all, that is already twice the annual income of $52,936 a person who is 25-to-34 years old in the U.S.
The majority of MBA students at Chicago Booth, Northwestern Kellogg, Dartmouth Tuck, Columbia, UC-Berkeley Haas, MIT Sloan, and UT-Austin McCombs have hit that magic six-figure threshold (see table below). There are students at many more business schools who are knocking at the door with pay that rounds up to six figures at NYU Stern, Cornell Johnson, and Virginia Darden.
The numbers come from recently published pre-MBA salary stats obtained by Bloomberg from its surveys of MBA graduates. It’s a reflection of the quality of admits–you can generally but not always assume that young professionals making more money are already succeeding in the world of business. In fact, it may be a more reliable signal of quality than a GMAT or GRE score which can be inflated by tutoring, prep classes, and the overall time spent by a test taker to prepare for the exam. On the other hand, it is also a sign of the elitist nature of MBA admissions at highly selective schools that tend to admit students from prestige undergraduate colleges and employers.
In any case, the pre-MBA pay stats tend to correlate with rankings of what are often thought of as the best MBA programs in the U.S. So perhaps it is little surprise that Stanford, Harvard, and Wharton comfortably sit at the top, a place where candidates are willing to forego their high salaries to get an MBA degree.
There also are surprises in the data. Incoming MBAs who go to Vanderbilt’s Owen School, for example, actually earned more than those who go to Yale School of Management: $90,148 at Owen vs.$88,811 at Yale. The most likely reason? Yale typically admits and enrolls in its MBA class more non-profit types who have worked in government, for NGOs, and for other non-profit organizations.
In the table below, we also show you what students expect to make in their first year after graduation as well as the estimated ten-year gain in income that can be attributed to getting the degree. The gain is most likely an underestimate for several reasons, including the fact that Bloomberg’s calculation assumes annual increases of just 3.9% through the ten-year period.
School | Pre-MBA Pay | Starting Pay | Ten-Year Pay Gain |
---|---|---|---|
$123,743 | $264,874 | $1,039,638 | |
$120,591 | $239,199 | $814,426 | |
$116,137 | $222,028 | $678,019 | |
$113,019 | $220,974 | $738,325 | |
$110,184 | $213,749 | $675,181 | |
$109,306 | $221,314 | $785,130 | |
$107,884 | $216,602 | $762,182 | |
$107,860 | 206,466 | $673,778 | |
$106,432 | 229,259 | $904,444 | |
$100,306 | $184,933 | $590,555 | |
$99,792 | $187,140 | $577,042 | |
$96,158 | $199,148 | $739,113 | |
$96,158 | $193,859 | $685,626 | |
$95,643 | $194,845 | $676,170 | |
$93,464 | $183,195 | $608,555 | |
$90,148 | $180,721 | $646,954 | |
$88,811 | $199,144 | $822,359 | |
$88,095 | $170,439 | $575,595 | |
$87,445 | $169,262 | $590,789 | |
$87,025 | $180,721 | $755,974 | |
$86,768 | $183,311 | $682,896 | |
$86,555 | $181,302 | $662,579 | |
$86,486 | $184,783 | $712,946 | |
$82,093 | $169,765 | $625,061 | |
$81,979 | $160,067 | $514,648 | |
$77,172 | $144,941 | $492,336 | |
$76,242 | $161,100 | $589,763 | |
$69,209 | $165,230 | $836,402 |
Source: The Bloomberg School ROI Calculator
DON’T MISS: RANKING MBAS BY RETURN-ON-INVESTMENT
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The 10 hardest business schools to get into.
Hardest business schools to get into: Stanford tops the list for its selective admissions policy © Stanford GSB Facebook
From tricky acceptance rates to competitive GMAT scores, we list the hardest business schools to get into according to the Princeton Review MBA ranking
Tue Aug 6 2024
There is a lot of work that goes into applying to a top MBA. You have to have a stellar GPA and record, a strong GMAT score, years of work experiences, and pertinent extracurricular activities. And, even when you have jumped all these hurdles you are still battling it out against the best candidates in the world.
Applying to the world’s best business schools is competitive. You’ll need to make sure that the combination of your GMAT score , GPA, and MBA resume make you stand out among the sheer quantity of candidates applying.
The Princeton Review lists the 10 US business schools with stringent application criteria, featuring some of the best known and most respected business schools around the country.
The list is based on school-reported data, a combination of GMAT and GRE scores, undergraduate GPAs of the first year class, and the percentage of candidates accepted and enrolled.
Here are the 10 hardest business schools to get into in 2024, according to the Princeton Review:
Stanford, harvard & mit sloan top the list.
That Stanford leads the list for the toughest business schools to get into is no surprise.
In April 2024, US News reported that just 8.4% of applicants are accepted to the MBA program at Stanford Graduate School of Business.
According to the Princeton report, Harvard was a little more lenient with an acceptance rate of 11% and Columbia, the fourth hardest to get into, accepted 17% of applicants, double the Stanford rate.
Wharton, the world's best MBA according to the Financial Times , came in fifth for toughest to get into, Duke Fuqua was sixth, UC Berkeley in California came in seventh.
At the bottom end of the top 10 list are Chicago Booth, NYU Stern, and finally, with an acceptance rate of 33%, Northwestern Kellogg.
Unsurprisingly all the magnificent seven (M7) business schools feature in Princeton's list of toughest business schools to get into.
Applications to top-tier US business schools are, inevitably, highly competitive. Ivy League schools are renowned worldwide, and the prestige they bestow on their graduates is well-merited. An Ivy League MBA takes some earning.
So, does this mean you shouldn’t even bother applying to an elite business school? Not at all.
Candidates to these programs will be pleased to hear that in the past few years, since 2021, the business education application cycles have become less competitive, especially at top tier business schools.
According to the Graduate Management Admission Council’s ( GMAC ), 2023 Application Trends Survey the most selective programs received fewer applications while moderately selective and flexible programs reported growth.
Across all degree programs in 2023 there was a 5% drop in the absolute total of applications. This is the second year in a row in which total applications decreased after a small pandemic-related boost in 2020 that was maintained through 2021.
The outcome of the upcoming US election may further impact application to US business schools. International applications to US business schools dwindled under the last previous Trump administration , however he recently promised to switch policy and allow graduates of US colleges access to green cards.
While Kamala Harris's intentions about foreign students haven't been made clear yet, during the Biden-Harris administration there have been significant changes to visa regulations , particularly the H1B visa, which is the most popular route to employment in the US for international students.
This includes a streamlined process, increased visa numbers , eligibility requirements and greater flexibility for F-1 visa holders, but also a weighty extension fee .
If the drop in international b-school applications trend continues into the upcoming cycle, it does mean a more positive application landscape for domestic US students looking to land a spot at one of these elite universities.
Applying to a top school is not a number’s game. There are other factors to consider which may work in your favor as explains David White, admissions consultant and founding partner of Menlo Coaching: "Data shows that the average GMAT scores for accepted students at Stanford, Harvard or MIT Sloan equate to 675+ on the GMAT exam, but test scores alone are not sufficient. MBA programs also judge other qualities, including your professional experience, extracurricular activities, previous academic record, and fit with their program.
"Top US business schools are not looking to produce students with high grades, but exceptional alumni. They’re looking for people with the potential to do great things -- and ones who will generously help their classmates and fellow alumni to succeed, too," says David.
A history of solid achievements will weigh in your favor, he adds: "You should have clear career goals and indicate to the admissions committee how you will be able to realize them with the help of their MBA. These career goals should be ambitious, but also possible. On the other hand, your extracurricular activities and your conduct at work, as captured in your recommendation letters, can reassure the program that you'll help others succeed." David explains that some applicants who are already in highly compensated jobs that they love may decide to apply to only a few schools, and simply skip the MBA if they don't get in. "For other applicants, who cannot achieve their goals without an MBA, the most reasonable strategy is to apply to a mix of reach, target and safety schools, including one or two programs where their grades and test scores exceed the school's averages for admitted students," he advises.
Rice mba programs land in the top 5 of princeton review’s best business school rankings.
MBA programs from Rice University’s Jones Graduate School of Business have been ranked in the top five of The Princeton Review’s Best Business Schools rankings for 2024. The university ranked No. 5 on the Best MBA for Finance list, rating in the top 10 for the seventh consecutive year. Rice’s online MBA landed at No. 4 on the list of Top 50 Online MBA Programs , marking the program’s third straight year in the top five.
Rice was the only university in Texas to be ranked in the top 10 in both of these categories.
“These rankings are indicative of the high-quality education offered through all of our MBA programs. Students studying finance at Rice Business are taught by faculty whose research and expertise enhances core classes and hard skills, so students are not just prepared to be successful in their careers, but they are also prepared to think critically about their roles and to lead in their industry,” said Peter Rodriguez, dean of Rice Business. “These rankings are also indicative of our broader approach: offering students flexibility in their pursuit of an MBA, while retaining the experience of studying with world-class faculty — no matter what program they choose.”
Rice also achieved high rankings in other specialty categories. It climbed into the top 10 for having the Greatest Resources for Women , ranking No. 8. In addition, the university ranked No. 10 for having the Greatest Resources for Minority Students .
The Princeton Review’s 2024 business school rankings are uniquely based on data the company gathers from its surveys of administrators at 409 business schools as well as surveys of 32,200 students enrolled in the schools’ MBA programs.
“The schools that made our list for 2024 all have impressive individual distinctions,” said Rob Franek, The Princeton Review’s editor-in-chief. “What they share are three characteristics that broadly informed our criteria for these rankings: outstanding academics, robust experiential learning components and excellent career services. Equally impressive to us — and probably to prospective applicants — is that every one of our best b-schools for 2024 garnered highly favorable ratings among its MBA students we surveyed.”
The complete ranking lists are posted at www.princetonreview.com/best-business-schools , along with The Princeton Review’s in-depth profiles of the schools and its ratings of the schools on topics from admissions selectivity to academic experience.
To learn more about Rice Business’ programming and offerings, click here .
Saunders College of Business at Rochester Institute of Technology is ranked 43rd nationally in The Princeton Review’s Top 50 Online MBA Programs as part of its Best Business Schools 2024 rankings. This ranks #3 among New York State programs and is only one of two Executive MBA programs included in the ranking. The Princeton Review’s yearly rankings are based on student surveys, career outcomes, admissions selectivity, and academic rigor, among other categories.
Saunders’ online executive MBA program is a rigorous program meant to push professionals to reach their full potential. The curriculum includes high-level courses on topics such as effective team leadership, economics, marketing strategy, and international business.
The online Executive MBA is accredited by AACSB and is intended for seasoned professionals who want to put their creativity and innovation to the test to propel themselves into higher leadership roles.
Saunders’ undergraduate and graduate programs are internationally ranked and recognized . Visit our events page to view graduate information session opportunities and other events
August 8, 2024
What does ethical real estate investment look like?
WXXI's Connections with Evan Dawson speaks to Ben Hart (MBA), owner of Hart Homes LLC, about his housing model and how it can help mitigate the region’s housing crisis.
NSF awards RIT nearly $3 million to advance semiconductor technologies
RIT will provide 20 doctoral student fellowships to advance research in the much-needed field of semiconductor technologies.
RIT student Jolie Crunelle awarded Norman Miles academic excellence honors
The award is given to an individual who began their studies as a first-year student at RIT and is entering their final year of undergraduate study with the highest grade point average across the university.
'Deaf Ninja' Kyle Schulze reaches American Ninja Warrior semifinals. When to watch
The Democrat and Chronicle features Kyle Schulze '24 (mechatronics engineering technology) as he heads to the semifinals of American Ninja Warrior .
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This collection of 50 successful HBS and GSB essays, with smart commentary, can be downloaded for $60. They are two of the most selective schools, routinely rejecting nine or more out of every ten applicants. Last year alone, 16,628 candidates applied to both schools; just 1,520 gained an acceptance, a mere 9.1% admit rate.
Samples of MBA essays submitted by real candidates who were accepted to Wharton, Harvard, Stanford, INSEAD and other top ranked business schools. MBA Essay Samples by SchoolClick on a school logo to see samples of real essays that helped ARINGO clients get accepted
Here's a roundup of our best MBA essay tips to keep in mind as you begin to write. How to Write an Unforgettable B-School Essay 1. Communicate that you are a proactive, can-do sort of person. Business schools want leaders, not applicants content with following the herd. 2. Put yourself on ego-alert.
Here are five tips for compelling essays that will stick in the minds of the admissions committee and help you get into your top choice business school program. 1. Stay focused and answer the question asked. It's surprising how often candidates write beautiful essays but do not answer the question. While I certainly endorse thinking outside ...
Begin work on the essays early to give yourself time to reflect, write, and edit. Feel free to ask friends or family members for feedback, especially about whether the tone and voice sound like you. Your family and friends know you better than anyone. If they think the essays do not capture who you are, what you believe, and what you aspire to ...
MBA Application Essay #3: School Participation Essay. Business schools are selfish! They want to know that you will add something to their institution by attending. Schools rely on students to run many programs, such as professional clubs, and want to know that you will be an active participant in the campus culture.
A good essay can help you gain admission to a top master of business administration (MBA) program. But writing one can be a challenge. Most business schools require an essay for admission to an MBA program alongside other requirements like undergraduate transcripts, letters of recommendation, and, sometimes, admissions test scores. An essay allows you to emphasize your experience and helps you ...
These tips will help you craft the perfect answer. 1. Describe your specific career aspirations and your reason for pursuing an MBA. This may be the most important essay question you tackle. You must convince the admissions committee that you deserve one of their few, cherished spots. Reference your background, skills, and career aspirations ...
List of 10 Top Business Schools with MBA Essay Topics and Examples. The following list outlines what you can expect in terms of essay requirements this year for admission to 10 top business schools in the United States and Canada. This list includes the name of the school and associated university/location as well as MBA essay topics ...
Your MBA application essays are going to be crucial if you are competing for a spot at one of the world's top business schools. These resources will show you how to excel in the rigorous MBA essay writing challenges ahead of you, provide you with the guidance to create MBA essays that will impress admissions officers, and share MBA essay examples that illustrate our advice in action.
10-20 is the average number of essay drafts MBA applicants write on average before submitting their applications to top MBA programs. 6 images are required as part of NYU Stern's 'Pick Six' visual essay component. Top MBA essay writing tips: - Research the values and USPs of your target business school. - Always bring your essay back to ...
This article simplifies the MBA essay writing process. Understand the four MBA essay types: career vision, school fit, impact, and philosophical. Learn how to strategically use the overlap between essays across top MBA programs. Use this proven framework to craft powerful MBA essays.
Accessible to all Personal MBA Coach newsletter subscribers, our free M7 Essay Analysis e-book features our exclusive guidance on how to approach the 2023-2024 application essays for each of the M7 business schools. Below, Personal MBA Coach shares the required essay questions for all of the M7 schools, as well as some quick tips for how to ...
Word Count: 805. This sample essay is from The Harbus MBA Essay Guide and is reprinted with permission from Harbus. We highly recommend the book! If you would like advice on responding to this year's HBS essay question, (which is different from the 2014-15 prompt) please read our Harvard Business School essay tips.
Here are the 2024 Best Business Schools. Stanford University. University of Pennsylvania (Wharton) Northwestern University (Kellogg) University of Chicago (Booth) Massachusetts Institute of ...
The Harvard Business School essay prompt for the Class of 2027 was posted at 10:30 a.m. with the opening of the 2024-2025 application online. This year's change was put through by Rupal Gadhia, who joined the school as managing director of admissions and financial aid last October. A 2004 Harvard MBA, Gadhia came to the school with no ...
View more than 50 successful Essays (across 20+ worldwide B-Schools) that have resulted in 90%+ success rates and funding awards in excess of US$ 3 Million.; A new browser window will open up when you click on a given Business school link. Please note: Some content overlap is likely since essays developed for the same candidate may be published across different B-schools.
First, MBA admissions committees want to see how you write. Communication skills—including concision, clarity, style, and fluency in English—will be essential to your success in business school. One way of discerning your level of writing ability is to require an original writing sample. In an MBA essay, you have to get your point across ...
MBA Essay Questions and Answers. Many of the top business schools use MBA short essay questions and prompts as part of their applications. The MBA essay is different than the MBA statement of purpose or MBA personal statement, which both focus on your personal motivations and future career goals. Most MBA programs provide specific prompts for the MBA essay, with questions curated by the ...
ARINGO MBA Admissions Consulting is a boutique MBA admissions consulting firm helping candidates get into top MBA and business school programs. MBA Essay Samples by Topic These essay topics are commonly part of the applications of top MBA programs. Click on a topic to see samples of real essays submitted by ARINGO clients who were accepted to ...
Exams. Connect with Schools. Exam Prep. How to Apply. Business School & Careers. Help Center. Explore Programs. Brought to you by GMAC, the global mission-driven organization of leading graduate business schools. ©2002-2024, Graduate Management Admission Council (GMAC).
How to Master the New Prompts. June 2024 marked a significant shift in Harvard Business School's MBA admissions process, with the first major update to the essay component of the application since 2016. That is, the 900-word, open-ended HBS essay— As we review your application, what more would you like us to know as we consider your ...
There are some basic formatting tips that you should follow for every MBA essay. For example, it is important to set the margins so that you have some white space around the text. A one-inch margin on each side and on the top and bottom is typically good practice. Using a font that is easy to read is also important.
One of the best ways to communicate your MBA motivations and connection to Booth is through the essay portion of the application. The essay prompts for this cycle are as follows: Part-Time MBA Program: Why are you seeking an MBA from Chicago Booth, and why is Chicago Booth's Evening MBA or Weekend MBA your program of choice? (maximum 400 words)
Essays. Your MBA application essays are your chance to tell business schools your story. You should focus on your personality, experiences, interests, and suitability to your target programs. Essays are typically centered around your career goals and how a particular school's MBA program will help you achieve those goals.
The median pre-MBA pay at ten business schools have done just that. The typical Stanford MBA leaves a job paying $123,743. At Harvard, incoming MBA students leave behind jobs that pay them $120,591. And at Wharton, MBA students walk from a job that paid them $116,137 a year.
Stanford, Harvard & MIT Sloan top the list. That Stanford leads the list for the toughest business schools to get into is no surprise. In April 2024, US News reported that just 8.4% of applicants are accepted to the MBA program at Stanford Graduate School of Business. According to the Princeton report, Harvard was a little more lenient with an acceptance rate of 11% and Columbia, the fourth ...
MBA programs from Rice University's Jones Graduate School of Business have been ranked in the top five of The Princeton Review's Best Business Schools rankings for 2024. The university ranked No. 5 on the Best MBA for Finance list, rating in the top 10 for the seventh consecutive year. Rice's online MBA landed at No. 4 on the list of Top 50 Online MBA Programs, marking the program's ...
Saunders College of Business at Rochester Institute of Technology is ranked 43rd nationally in The Princeton Review's Top 50 Online MBA Programs as part of its Best Business Schools 2024 rankings. This ranks #3 among New York State programs and is only one of two Executive MBA programs included in the ranking.
Once a user selects one of the 77 schools, these six figures (pre-MBA pay, MBA expenses, loans, post-MBA pay, signing bonus and program length) reflect survey-based medians for the chosen program.