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MBA Application Advice

In search of a hot date

By Neil Courtis

Prospective MBA students become used to lectures from alumni on the origours of MBA study. However, neither alumni nor the schools themselves prepared me for the extraordinary rigmarole involved in applying to business school. Before crossing the threshold, business school aspirants should expect a year of lost evenings and weekends sweating over their applications.

If you want to study next autumn, you should have started your research already. Harvard and London business schools have already closed their first round of applications for 2007 study. Leading US schools will be finalising classes by the end of March.

Having spent 2006 scrambling to meet deadlines, I now see the MBA application process as a particularly tricky case study involving practical, logistical and strategic challenges.

The three core practical hurdles are transcripts, the Graduate Management Admission Test and references. My transcript – the official record of your university degree – took almost six weeks to arrive from Manchester University in the UK and only after I had submitted my applications did I realise that the registry had awarded me a degree in German and modern languages rather than the politics and philosophy I had, in fact, studied.

Next comes the GMAT, a four-hour computer-administered test of verbal and numerical skills. This requires rote learning of life-enhancing disciplines such as basic number theory, the properties of triangles and times tables up to 15. Time-poor worker bees such as myself can take a refresher course with tutors such as Manhattan Review or Kaplan, but these classes are intermittent and add weeks or even months to the application process. After my weekend of cramming, we were advised to undertake a month more practice and sit two three-hour sample tests.—————————————–

—————————————————————————————————————————-

Maximise your chances of application success

Find referees who actually know you. A common mistake, accrding to Sharyn Roberts, award programmes director at the Australian Graduate School of Management, is to choose referees simply on the basis of seniority. “It is very hard to persuade applicants that we really will not be impressed by a reference from a company CEO if they have no idea what the applicant is like or how they work.”

Be nice to the people you meet. The same people who market a school often sit on, or have influence over, admissions committees.

Do not underestimate bureaucratic hurdles. Students who are studying abroad may require visas and these can be time-consuming to acquire. A replacement birth certificate alone can take 6-8 weeks to arrive. Plan conservatively.

Do not underestimate how long you will need to settle in. If moving abroad, don’t expect to show up the day before classes begin.

Be careful about help with essays. Over-studied applications can read impressively but reveal little about the applicant. Don’t over-use buzzwords.

Include everything in your application. Business schools do not see it as their job to chase up missing elements of an application.

Come clean about career problems. Few careers are without blemish. If you have a CV “problem” (for instance, redundancy) show how you have learned from and overcome it. Admissions staff home in on evasion.

Visit a class. Most business schools will be happy to allow a candidate to sit in on a lecture. There is no better way of getting a flavour of the place.

Aim high. Do not assume you will not get into a top school. Most schools like diversity and different experiences.

Remember scholarships. More scholarships are available than you may realise (23 per cent of students at LBS now have some kind of award). Some are awarded to very distinct groups, meaning you may be one of a handful of candidates who qualify.

Apply early.

Read The Complete Article At Financial Times

All You Wanted to Know about Top MBA Programs – BW

The University of Chicago

Graduate School of Business

BW Ranking 1

Location Illinois
Full-Time Enrollment N/A
Avg. GMAT 703
Avg. Work Experience (years) 5.1
Estimated total (not annual) program cost N/A
Applicants Accepted (Selectivity) N/A

Concentrations

Accounting, Economics, Entrepreneurship, Finance, General Management, Human Resource Management, International Business, Marketing, Operations Management, Organizational Behavior, Strategy

The University of Pennsylvania

The Wharton School

BW Ranking 2

Location Pennsylvania

Full-Time Enrollment 1,615

Avg. GMAT 714

Avg. Work Experience (years) 5.9

Estimated total (not annual) program cost $88,090

Applicants Accepted (Selectivity) 21%

Concentrations

Accounting, Actuarial Science, E-commerce, Entrepreneurship, Finance, Health Care Administration, Human Resource Management, Insurance, Marketing, Operations Management, Public Policy, Real Estate, Strategy

Harvard University

Harvard Business School

BW Ranking 4

Location Massachusetts
Full-Time Enrollment 1,819
Avg. GMAT 711
Avg. Work Experience (years) 4.5
Estimated total (not annual) program cost N/A
Applicants Accepted (Selectivity) 15%

University of California, Berkeley

Haas School of Business

BW Ranking 8

Location California

Full-Time Enrollment 505

Avg. GMAT 707

Avg. Work Experience (years) 5.5

Estimated total (not annual) program cost $73,267

Applicants Accepted (Selectivity) 18%

Concentrations

Accounting, Consulting, Corporate Social Responsibility, E-commerce, Economics, Entrepreneurship, Finance, General Management, Health Care Administration, Human Resource Management, Industrial Management, International Business, Leadership, Management Information Systems, Manufacturing and Technology Management, Marketing, Media/Entertainment, Operations Management, Organizational Behavior, Portfolio Management, Public Administration, Public Policy, Real Estate, Statistics and Operations Research, Strategy, Supply Chain Management, Technology

Dartmouth College

Tuck School of Business

BW Ranking 11

Location New Hampshire
Full-Time Enrollment 490
Avg. GMAT 710
Avg. Work Experience (years) 5.6
Estimated total (not annual) program cost $81,805
Applicants Accepted (Selectivity) 20%

The University of North Carolina at Chapel Hill

Kenan-Flagler Business School

Location North Carolina
Full-Time Enrollment 567
Avg. GMAT 664
Avg. Work Experience (years) 5.3
Estimated total (not annual) program cost $72,765
Applicants Accepted (Selectivity) 47%

Concentrations

Consulting, Entrepreneurship, , Real Estate, Supply Chain Management

Stanford University

Stanford Graduate School of Business

Location California
Full-Time Enrollment 764
Avg. GMAT 720
Avg. Work Experience (years) 4
Estimated total (not annual) program cost N/A
Applicants Accepted (Selectivity) 10%

Concentrations

General Management

Columbia University

Columbia Business School

Location New York
Full-Time Enrollment 1,242
Avg. GMAT N/A
Avg. Work Experience (years) 5
Estimated total (not annual) program cost $81,896
Applicants Accepted (Selectivity) 17%

Concentrations

Accounting, Economics, Entrepreneurship, Finance, General Management, Human Resource Management, International Business, Marketing, Media/Entertainment, Operations Management, Real Estate

Cornell University

S. C. Johnson Graduate School of Management

Location New York
Full-Time Enrollment 554
Avg. GMAT 679
Avg. Work Experience (years) 4.9
Estimated total (not annual) program cost $38,800
Applicants Accepted (Selectivity) 36%

Concentrations

Consulting, Entrepreneurship, Finance, Marketing

University of California – Los Angeles

UCLA Anderson School of Management

BW Ranking 12

Location California

Full-Time Enrollment 710

Avg. GMAT 704

Avg. Work Experience (years) 4.7

Estimated total (not annual) program cost $72,188

Applicants Accepted (Selectivity) 29%

Concentrations

Accounting, Consulting, Economics, Entrepreneurship, Finance, General Management, Human Resource Management, International Business, Management Information Systems, Manufacturing and Technology Management, Marketing, Media/Entertainment, Operations Management, Organizational Behavior, Real Estate, Strategy

Massachusetts Institute of Technology

MIT Sloan School of Management

BW Ranking 7

Location Massachusetts

Full-Time Enrollment 752

Avg. GMAT 702

Avg. Work Experience (years) 4.7

Estimated total (not annual) program cost $84,728

Applicants Accepted (Selectivity) 20%

Concentrations

Accounting, Consulting, E-commerce, Economics, Entrepreneurship, Finance, General Management, Industrial Management, International Business, Management Information Systems, Manufacturing and Technology Management, Marketing, Operations Management, Organizational Behavior, Portfolio Management, Real Estate, Statistics and Operations Research, Strategy, Supply Chain Management, Tax, Technology

Northwestern University

Kellogg School of Management

BW Ranking 3

Location Illinois

Full-Time Enrollment 1,310

Avg. GMAT 702

Avg. Work Experience (years) 5.1

Estimated total (not annual) program cost $82,230

Applicants Accepted (Selectivity) 24%

Concentrations

Accounting, Consulting, Economics, Entrepreneurship, , Finance, General Management, Health Care Administration, Human Resource Management, International Business, Manufacturing and Technology Management, Marketing, Media/Entertainment, Operations Management, Organizational Behavior, Public Administration, Real Estate, Statistics and Operations Research, Strategy, Supply Chain Management, Technology

New York University

Leonard N. Stern School of Business

BW Ranking 14

Location New York

Full-Time Enrollment 815

Avg. GMAT 700

Avg. Work Experience (years) 4.9

Estimated total (not annual) program cost $79,200

Applicants Accepted (Selectivity) 22%

Concentrations

Accounting, E-commerce, Economics, Entrepreneurship, , Finance, General Management, International Business, Leadership, Management Information Systems, Marketing, Operations Management, Organizational Behavior, Technology

Carnegie Mellon University

Tepper School of Business

BW Ranking 16

Location Pennsylvania

Full-Time Enrollment 302

Avg. GMAT 696

Avg. Work Experience (years) 4.3

Estimated total (not annual) program cost $84,576

Applicants Accepted (Selectivity) 29%

Concentrations

Accounting, Economics, Entrepreneurship, Finance, General Management, International Business, Management Information Systems, Marketing, Operations Management, Organizational Behavior, Statistics and Operations Research, Strategy, Supply Chain Management

Duke University

The Fuqua School of Business

BW Ranking 9

Location North Carolina

Full-Time Enrollment 810

Avg. GMAT 696

Avg. Work Experience (years) 5.8

Estimated total (not annual) program cost $78,700

Applicants Accepted (Selectivity) 36%

Concentrations

Accounting, Consulting, Corporate Social Responsibility, Entrepreneurship, Finance, General Management, Health Care Administration, International Business, Leadership, Marketing, Operations Management

Emory University

Goizueta Business School

Location Georgia

Full-Time Enrollment 346

Avg. GMAT 690

Avg. Work Experience (years) 4.9

Estimated total (not annual) program cost $75,652

Applicants Accepted (Selectivity) 34%

Concentrations

Accounting, Consulting, Entrepreneurship, Finance, General Management, Health Care Administration, International Business, Leadership, Marketing, Media/Entertainment, Operations Management, Real Estate, Sports Business, Strategy

University of Southern California

Marshall School of Business

BW Ranking 21

Location California

Full-Time Enrollment 439

Avg. GMAT 685

Avg. Work Experience (years) 5.1

Estimated total (not annual) program cost $78,000

Applicants Accepted (Selectivity) 36%

Concentrations

Accounting, Consulting, Entrepreneurship, Finance, General Management, Management Information Systems, Marketing, Media/Entertainment, Operations Management, Organizational Behavior, Portfolio Management, Real Estate, Strategy, Supply Chain Management

Georgetown University

Robert Emmett McDonough School of Business

Location District of Columbia
Full-Time Enrollment 468
Avg. GMAT 665
Avg. Work Experience (years) 5.1
Estimated total (not annual) program cost $72,000
pplicants Accepted (Selectivity) 41%

Concentrations

General Management

University of London

London Business School

Location United Kingdom

Full-Time Enrollment 635

Avg. GMAT 682

Avg. Work Experience (years) 5.6

Estimated total (not annual) program cost $80,457

Applicants Accepted (Selectivity)

Concentrations

Entrepreneurship, Finance, International Business, Manufacturing and Technology Management, Marketing, Strategy

University of Washington

Business School

Location Washington

Full-Time Enrollment 210

Avg. GMAT 679

Avg. Work Experience (years) 5.2

Estimated total (not annual) program cost $55,056

Applicants Accepted (Selectivity) 30%

Concentrations

Accounting, Consulting, E-commerce, Entrepreneurship, Finance, General Management, Health Care Administration, Human Resource Management, International Business, Management Information Systems, Manufacturing and Technology Management, Marketing, Operations Management, Organizational Behavior, Portfolio Management, Public Administration, Real Estate, Strategy, Technology

University of Oxford

Saïd Business School

Location United Kingdom

Full-Time Enrollment 225

Avg. GMAT 677

Avg. Work Experience (years) 6

Estimated total (not annual) program cost $59,000

Applicants Accepted (Selectivity) 48%

Concentrations

Entrepreneurship, Finance, Strategy

University of Virginia

Darden Graduate School of Business Administration

BW Ranking 15

Location Virginia

Full-Time Enrollment 647

Avg. GMAT 677

Avg. Work Experience (years) 5

Estimated total (not annual) program cost $82,000

Applicants Accepted (Selectivity) 41%

Concentrations

Accounting, Consulting, Economics, Entrepreneurship, , Finance, General Management, International Business, Leadership, Manufacturing and Technology Management, Marketing, Operations Management, Organizational Behavior, Portfolio Management, Statistics and Operations Research, Strategy, Supply Chain Management, Tax, Technology

INSEAD

INSEAD

Location France
Full-Time Enrollment 882
Avg. GMAT 702
Avg. Work Experience (years) 5
Estimated total (not annual) program cost $56,000
Applicants Accepted (Selectivity)

University of Michigan

Stephen M. Ross School of Business

BW Ranking 5

Location Michigan
Full-Time Enrollment 856
Avg. GMAT 701
Avg. Work Experience (years) 5.3
Estimated total (not annual) program cost $84,048

Applicants Accepted (Selectivity) 28%

Concentrations

Yale University

Yale School of Management

BW Ranking 19

Location Connecticut
Full-Time Enrollment N/A
Avg. GMAT 701
Avg. Work Experience (years) N/A

Estimated total (not annual) program cost $85,370
Applicants Accepted (Selectivity) 22%

Concentrations N/A

University of California, Davis

Graduate School of Management

Location California

Full-Time Enrollment 117

Avg. GMAT 673

Avg. Work Experience (years) 4.5

Estimated total (not annual) program cost $68,858

Applicants Accepted (Selectivity) 30%

Concentrations

Accounting, Entrepreneurship, Finance, General Management, Human Resource Management, Management Information Systems, Manufacturing and Technology Management, Marketing, Organizational Behavior, Technology

University of California, Irvine

The Paul Merage School of Business

Location California

Full-Time Enrollment 186

Avg. GMAT 670

Avg. Work Experience (years) 4.7

Estimated total (not annual) program cost $72,901

Applicants Accepted (Selectivity) 44%

Concentrations

Accounting, Economics, Finance, Management Information Systems, Marketing, Operations Management, Organizational Behavior, Public Policy, Real Estate, Strategy

Georgia Tech

College of Management

Location Georgia

Full-Time Enrollment 140

Avg. GMAT 669

Avg. Work Experience (years) 3.5

Estimated total (not annual) program cost $52,056

Applicants Accepted (Selectivity) 38%

Concentrations

Accounting, Consulting, Entrepreneurship, Finance, General Management, International Business, Management Information Systems, Marketing, Operations Management, Organizational Behavior, Strategy

University of Texas at Austin

McCombs School of Business

BW Ranking 20

Location Texas

Full-Time Enrollment 510

Avg. GMAT 669

Avg. Work Experience (years) 5

Estimated total (not annual) program cost $72,400

Applicants Accepted (Selectivity) 37%

Concentrations

Accounting, Consulting, Corporate Social Responsibility, Entrepreneurship, Finance, General Management, Management Information Systems, Marketing, Operations Management, Portfolio Management, Strategy, Supply Chain Management, Technology

University of Notre Dame

Mendoza College of Business

Location Indiana

Full-Time Enrollment 320

Avg. GMAT 667

Avg. Work Experience (years) 4.3

Estimated total (not annual) program cost $68,090

Applicants Accepted (Selectivity) 49%

Concentrations

Consulting, Entrepreneurship, Finance, General Management, Manufacturing and Technology Management, Marketing, Portfolio Management

University of Rochester

William E. Simon Graduate School of Business Administration

Location New York

Full-Time Enrollment 397

Avg. GMAT 667

Avg. Work Experience (years) 4.5

Estimated total (not annual) program cost $79,422

Applicants Accepted (Selectivity) 36%

Concentrations

Accounting, Consulting, E-commerce, Entrepreneurship, Finance, General Management, Health Care Administration, International Business, Management Information Systems, Manufacturing and Technology Management, Marketing, Operations Management, Public Policy, Strategy

Boston University

School of Management

Location Massachusetts

Full-Time Enrollment 302

Avg. GMAT 663

Avg. Work Experience (years) 4.6

Estimated total (not annual) program cost $67,125

Applicants Accepted (Selectivity) 34%

Concentrations

Entrepreneurship, Finance, Health Care Administration, International Business, Leadership, Management Information Systems, Marketing, Strategy

The Ohio State University

Fisher College of Business

Location Ohio

Full-Time Enrollment 261

Avg. GMAT 662

Avg. Work Experience (years) 4.7

Estimated total (not annual) program cost $67,564

Applicants Accepted (Selectivity) 49%

Concentrations

Accounting, Consulting, Entrepreneurship, Finance, Human Resource Management, International Business, Leadership, Management Information Systems, Marketing, Operations Management, Portfolio Management, Real Estate, Strategy, Supply Chain Management

Purdue University

Krannert School of Management

Location Indiana

BW Ranking 18

Full-Time Enrollment 261

Avg. GMAT 661

Avg. Work Experience (years) 4.5

Estimated total (not annual) program cost $60,620

Applicants Accepted (Selectivity) 42%

Concentrations

Accounting, Consulting, E-commerce, Entrepreneurship, Finance, General Management, Human Resource Management, International Business, Management Information Systems, Manufacturing and Technology Management, Marketing, Operations Management, Organizational Behavior, Strategy, Supply Chain Management

HEC School of Management, Paris

HEC School of Management, Paris

Location France

Full-Time Enrollment 180

Avg. GMAT 657

Avg. Work Experience (years) 5

Estimated total (not annual) program cost $48,142

Applicants Accepted (Selectivity) 22%

Concentrations

Entrepreneurship, Finance, Marketing, Strategy

University of Cambridge

Judge Business School

Location United Kingdom
Full-Time Enrollment 110
Avg. GMAT 680
Avg. Work Experience (years) 6.6
Estimated total (not annual) program cost $54,000
Applicants Accepted (Selectivity) 19%

IMD

International Institute for Management Development

Location Switzerland
Full-Time Enrollment 90
Avg. GMAT 680
Avg. Work Experience (years) 7.2
Estimated total (not annual) program cost $60,700
Applicants Accepted (Selectivity) 27%

Concentrations

Entrepreneurship, General Management, Leadership

Queen’s University

Queen’s School of Business Web sit

Location Canada

Full-Time Enrollment 54

Avg. GMAT 656

Avg. Work Experience (years) 5.9

Estimated total (not annual) program cost $56,205

Applicants Accepted (Selectivity) 66%

Concentrations

Consulting, Entrepreneurship, Finance, Marketing

York University

Schulich School of Business

Location Canada

Full-Time Enrollment 471

Avg. GMAT 656

Avg. Work Experience (years) 7

Estimated total (not annual) program cost $45,000

Applicants Accepted (Selectivity) 50%

Concentrations

Accounting, Arts Administration, Consulting, Economics, Entrepreneurship, Finance, General Management, International Business, Management Information Systems, Marketing, Operations Management, Organizational Behavior, Public Administration, Real Estate, Strategy

Arizona State University

W. P. Carey School of Business

Location Arizona

Full-Time Enrollment 183

Avg. GMAT 655

Avg. Work Experience (years) 4.4

Estimated total (not annual) program cost $52,228

Applicants Accepted (Selectivity) 34%

Concentrations

Finance, General Management, Health Care Administration, Management Information Systems, Marketing, Real Estate, Sports Business, Supply Chain Management

The University of Iowa

Henry B. Tippie College of Business and School of Management

Location Iowa

Full-Time Enrollment 123

Avg. GMAT 655

Avg. Work Experience (years) 3

Estimated total (not annual) program cost $47,382

Applicants Accepted (Selectivity) 43%

Concentrations

Accounting, Consulting, Entrepreneurship, Finance, General Management, International Business, Marketing, Operations Management, Strategy

Washington University in St. Louis

Olin School of Business

Location Missouri

Full-Time Enrollment 258

Avg. GMAT 654

Avg. Work Experience (years) 4.3

Estimated total (not annual) program cost $73,310

Applicants Accepted (Selectivity) 54%

Concentrations

Accounting, Consulting, Entrepreneurship, Finance, General Management, Leadership, Marketing, Organizational Behavior, Strategy, Supply Chain Management

Tulane University

A.B. Freeman School of Business

Location Louisiana

Full-Time Enrollment 133

Avg. GMAT 653

Avg. Work Experience (years) 4.1

Estimated total (not annual) program cost $68,625

Applicants Accepted (Selectivity) 65%

Concentrations

Finance, General Management, Leadership, Marketing, Strategy

University of Illinois at Urbana-Champaign

College of Business

Location Illinois

Full-Time Enrollment 202

Avg. GMAT 652

Avg. Work Experience (years) 4.2

Estimated total (not annual) program cost $54,000

Applicants Accepted (Selectivity) 49%

Concentrations

Finance, General Management, Marketing, Operations Management

University of Georgia

Terry College of Business

Location Georgia

Full-Time Enrollment 124

Avg. GMAT 651

Avg. Work Experience (years) 4.2

Estimated total (not annual) program cost $52,728

Applicants Accepted (Selectivity) 32%

Concentrations

Accounting, Consulting, Entrepreneurship, Finance, General Management, Insurance, International Business, Management Information Systems, Marketing, Operations Management, Real Estate, Strategy

University of Maryland, College Park

Robert H. Smith School of Business

Location Maryland

Full-Time Enrollment 221

Avg. GMAT 651

Avg. Work Experience (years) 5

Estimated total (not annual) program cost $72,888

Applicants Accepted (Selectivity) 39%

Concentrations

Accounting, Consulting, E-commerce, Entrepreneurship, Finance, General Management, Human Resource Management, International Business, Leadership, Management Information Systems, Marketing, Operations Management, Organizational Behavior, Statistics and Operations Research, Strategy, Supply Chain Management, Technology

The Pennsylvania State University

The Mary Jean and Frank P. Smeal College of Business

Location Pennsylvania

Full-Time Enrollment 150

Avg. GMAT 651

Avg. Work Experience (years) 4.5

Estimated total (not annual) program cost $57,496

Applicants Accepted (Selectivity) 33%

Concentrations

Entrepreneurship, Finance, Marketing, Portfolio Management, Strategy, Supply Chain Management

RELATED ARTICLES

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WSJ Rankings Comparison of Top Business Schools

Career Enhancement Potential’ Ranking of Business Schools-Financial Times

Top Business Schools – WSJ Ranking 2007

Recruiters’ Top MBA

Comments about The Best B-Schools of 2006

B-Schools Ranking – Placement within 3 months

MBA DEADLINES

Canadian MBA

MBA – American Universities With Financial Help

(If you cannot view the table properly please click the Headline of the article)

School

State

Mean GMAT: Full-time Students

Minimum TOEFL Score

Availability of aid

U.S. News Rank

Brigham Young University (Marriott)

UT

653

240

Aid available (international students)

40

Carnegie Mellon University (Tepper)

PA

691

250

Aid available (international students)

17

Cornell University (Johnson)

International students have several options available if they wish to borrow to help meet their educational costs. The Johnson School has partnered with Citibank to offer its international students up to $23,000 in loan funds. Students must have verifiable assets equal to or greater than the amount of the loan they are requesting. This loan requires no cosigner, but offers a cosigner option if the student borrower does not have the required assets to qualify for the loan. The cosigner (regardless of citizenship) must document they have the assets to qualify for the loan. The Access Group also offers a signature loan to international students with a three-year credit history in the United States.

Student loans may not be used on the declaration of finances form. Once you receive your student visa you can apply for student loans

NY

673

250

Fellowships available: 55
Aid available (international students)

The Johnson School has over $1 million in merit-based scholarship funds to award each year to new and returning students.

Almost 30 percent of Johnson School students receive some scholarship.All our scholarships are awarded based on merit regardless of citizenshipolarship assistance.

15

Duke University (Fuqua)

NC

705

250

Aid available (international students)

11

Emory University (Goizueta)

GA

680

250

Aid available (international students)

18

Georgetown University (McDonough)

DC

662

250

Aid available (international students)

27

Georgia Institute of Technology

GA

655

250

Aid available (international students)

32

Harvard University

MA

707

253

Aid available (international students)

1

New York University (Stern)

Stern is proud to offer a comprehensive international student loan program.

NY

700

250

Fellowships available: 370
Teaching assistantships available: 596

Aid available (international students)

13

Ohio State University (Fisher)

OH

664

250

Aid available (international students)

21

Purdue University–West Lafayette (Krannert)

IN

667

230

Aid available (international students)

23

Stanford University

CA

711

250

Aid available (international students)

2

Tulane University (Freeman)

LA

655

250

Aid available (international students)

45

University of California–Berkeley (Haas)

CA

701

230

Aid available (international students)

6

University of California–Davis

CA

678

250

Aid available (international students)

42

University of California–Irvine

CA

658

250

Aid available (international students)

49

University of California–Los Angeles (Anderson)

CA

705

260

Aid available (international students)

11

University of Chicago

Financial aid information is sent to prospective students upon admission to the program. You will not need to apply for scholarships or loans until such time. Chicago GSB offers two loan programs for international students – one that requires a co-signer from the U.S. and one that does not. All ADMITTED international students will be directed to a web site to request a loan application. The loans can be used for the I-20 visa application process.

IL

695

250

Fellowships available: 5
Aid available (international students)

8

University of Florida (Warrington)

FL

666

250

Aid available (international students)

42

University of Georgia (Terry)

GA

663

233

Aid available (international students)

45

University of Maryland–College Park (Smith)

MD

651

250

Aid available (international students)

27

University of Michigan–Ann Arbor (Ross)

MI

690

250

Aid available (international students)

10

University of Minnesota–Twin Cities (Carlson)

MN

655

240

Aid available (international students)

23

University of North Carolina–Chapel Hill (Kenan-Flagler)

The Kenan-Flagler Business School, through a partnership with CFI, offers the EXTRA MBA Loan for international students

No cosigner is required

 

NC

652

250

Fellowships available: 69

Aid available (international students)

Merit fellowships are awarded to 25% of our students. UNC awards are made to international and U.S. students

21

University of Notre Dame (Mendoza)

IN

657

250

Aid available (international students)

32

University of Rochester (Simon)

NY

665

250

Aid available (international students)

23

University of Southern California (Marshall)

CA

685

250

Aid available (international students)

26

University of Texas–Austin (McCombs)

TX

670

260

Fellowships available: 10
Teaching assistantships available: 31

 

Aid available (international students)

18

University of Virginia (Darden)

For international students, there are several merit-based scholarships available as well as student eligibility for third party loans.
In order to borrow money, the amount to be borrowed must be listed on the application for I-20.

VA

680

we do not consider the GPA in our evaluation.

250

Fellowships available:131
Aid available (international students)

14

University of Washington

WA

677

250

Aid available (international students)

18

University of Wisconsin–Madison

WI

658

250

Aid available (international students)

37

Yale University

CT

696

250

Aid available (international students)

15


RELATED ARTICLES

Average MBA Starting Salaries

Ranking of MBA Programs – Based on Placement and Average Earnings

Getting into a Top MBA Program

Business School Essay Topics

Are Green-Horn Applicants Acceptable by Business Schools?

WSJ Rankings Comparison of Top Business Schools

Career Enhancement Potential’ Ranking of Business Schools-Financial Times

Top Business Schools – WSJ Ranking 2007

Recruiters’ Top MBA

Comments about The Best B-Schools of 2006

B-Schools Ranking – Placement within 3 months

All You Wanted to Know about Top MBA Programs – BW

MBA DEADLINES

Canadian MBA

 

Standardised Tests – Frequently Asked Questions

The SAT

CAN I TAKE THE SAT AS A COMPUTER ADAPTIVE TEST?
No. Presently, SAT is offered as a paper based test only.

WHAT IS SAT II?
SAT II: Subject Tests measure your knowledge in particular subjects areas and your ability to apply that knowledge. Subject Tests are independent of particular textbooks or methods of instruction. Although the types of questions changes little from year to year, the content of the tests evolves to reflect current trends in high schools curricula.
The tests fall into five general subjects areas:
ENGLISH: Writing, Literature.
LANGUAGES: Modern Hebrew, Italian, Latin, French, French with Listening, German, German with Listening, Spanish, Spanish with Listening, Chinese with Listening, Japanese with Listening, Korean with Listening, English Language Proficiency Test.
HISTORY and SOCIAL STUDIES: American History and Social Studies.
MATHEMATICS: Mathematics Level IC, Mathematics Level IIC.
SCIENCE: Biology E/M, Chemistry, Physics.
All SAT II: Subject Tests are one-hour, multiple-choice tests. However, some tests have special feature. The Writing Test includes 40 minutes of multiple-choice questions and a 20-minutes writing sample.

DO I NEED TO TAKE SAT II?
You should check directly with the colleges you are considering to determine if they require SAT subject tests in addition to the SAT I and if so , how many and which ones.

CAN I USE A CALCULATOR FOR THE MATH SECTION OF THE TEST?
NO

IS SAT I NECESSARY FOR INTERNATIONAL TRANSFER STUDENTS?
Most undergraduate programs do not require SAT I for international transfer students who have successfully completed at least one year of classes at an accredited international institution.

No.

The GRE

WHAT’S A GOOD GRE SCORE?
For each section, a scaled score over 630 is considered excellent and one between 500 and 629 as good.

HOW OFTEN CAN I TAKE THE COMPUTER-BASED GRE TEST?. IF I CANCEL MY SCORE, CAN I TAKE THE TEST AGAIN?
GRE policy states that you may take the CBT GRE test only once in any calendar month even if you took the test and canceled your scores. For example, if you test in July, you must wait until August to take it again. If you test more that once in a calendar month, your new score will not be reported and your test fee will not be refunded. Violation of this policy may also result in additional action being taken. Effective January 1st. 2002 the test can only be taken five times in your life time. Tests taken prior to this date will not be included in the five life time total.

WHICH SCORE WILL A SCHOOL USE FOR DETERMINING ACCEPTANCES?
Schools will take your, highest score. There is no penalty for taking the test more than once.

HOW LONG IS A GRE SCORE VALID?
Most institutes require the GRE to be no more than five years old.

WHAT ARE SUBJECT TESTS AND DO I NEED TO TAKE THEM?
The Subject Test are offered only as paper based test and are given in 12 subjects areas. The Subject Tests measure achievement in specific subject areas and assume undergraduate majors or extensive background in those disciplines. You will need to check the admission requirements of the particular school’s program you are applying to in order to determine if a subject test is required or recommended.

CAN I USE A CALCULATOR FOR THE MATH SECTION OF THE TEST?
No.

The GMAT

WHAT’S A GOOD GMAT SCORE?
What you consider a “good” score depends on your own expectations and goal. The national median GMAT score is somewhere around 550, but you need a score of at least 600 to be considered competitive at most B-Schools and near 700 to be competitive at some of the most elite top schools.

HOW OFTEN CAN I TAKE THE COMPUTER-BASED GMAT TEST?. IF I CANCEL MY SCORE, CAN I TAKE THE TEST AGAIN?
GMAT policy states that you may take the CBT GMAT test only once in any calendar month even if you took the test and canceled your scores. For example, if you test in July, you must wait until August to take it again. If you test more that once in a calendar month, your new score will not be reported and your test fee will not be refunded. Violation of this policy may also result in additional action being taken. Effective January 1st. 2002 the test can only be taken five times in your life time. Tests taken prior to this date will not be included in the five life time total.

WHICH SCORE WILL A SCHOOL USE FOR DETERMINING ACCEPTANCES?
Schools will take your, highest score. There is no penalty for taking the test more than once.

HOW LONG IS A GMAT SCORE VALID?
Most institutes require the GMAT to be no more than five years old.

CAN I USE A CALCULATOR FOR THE MATH SECTION OF THE TEST?

The TOEFL

HOW OFTEN CAN I TAKE THE COMPUTER-BASED TOEFL TEST?. IF I CANCEL MY SCORE, CAN I TAKE THE TEST AGAIN?
TOEFL policy states that you may take the CBT TOEFL test only once in any calendar month even if you took the test and canceled your scores. For example, if you test in July, you must wait until August to take it again. If you test more that once in a calendar month, your new score will not be reported and your test fee will not be refunded. Violation of this policy may also result in additional action being taken. Effective January 1st. 2002 the TOEFL can only be taken a maximum of five times per calendar year.

WHICH SCORE WILL A SCHOOL USE FOR DETERMINING ACCEPTANCES?
Schools will take your, highest score. There is no penalty for taking the test more than once.

HOW LONG IS A TOEFL SCORE VALID?
Most institutes require the TOEFL to be no more than two years old.

WHAT IS THE MINIMUM TOEFL SCORE FOR MOST MBA PROGRAMS?
Although this varies, most programs require a TOEFL in excess of 250. However, in order to be competitive for TOP MBA programs a score in excess of 260 is recommended.


ADMISSIONS FAQ

I have attempted to address here some concerns of prospective Masters students with regard to the GMAT and GRE examinations, and the respective Masters courses that they subsequently wish to pursue.
Past experience has proven that the vast majority of students that wish to do a Masters programme, or a MBA, have little idea about the complexities of the process of application to a university for a Masters programme. Thus the reason for these answers.
What this group has endeavored to do is to save you, the student, valuable time looking around for the most appropriate Masters program available and help you in applying.

1: Do I need to take the GMAT or GRE examination?
Practically any decent Masters course at practically any decent university will definitely require the GMAT or GRE examination score. Yes, many great universities, such as Stanford advertise their Masters by saying that the GMAT score is not absolutely necessary, or that a score of around 650/800 is acceptable, but the reality is that they will not even look at you unless you have a GMAT and the score is around 720/800! Universities use this ploy to attract more applicants. So beware of such tactics.

2: How important is my Grade Point Average (GPA) in comparison/combination with my GMAT/GRE score?

Naturally your GPA is a very important determining factor in securing a place on a Masters programme.
Note, however, to avoid disappointment, that if a university asks for a GPA of more than 7.0 out of 10 or 3.5 out of 4.0 (from an American-based university) then generally that is exactly what they mean.
Many think that 6.8 is near enough 7, or 3.3 is near enough 3.5, only to discover, too late in most cases, that it is not, and a letter of rejection waiting in their mail boxes. Do not assume anything. Make the effort to write e-mails/letters to the appropriate person to clarify the exact entry requirements.
Likewise for the GMAT-GRE scores. If a university stipulates that it wants a score in excess of 580, for example, that is exactly what they want. 570 will not do.I have personally witnessed applicants making the above assumptions only to find that they have been rejected.If you are applying to any half-decent university you will definitely need good a GPA and a strong GMAT-GRE score. Below I have posted a number of links to useful sites to exemplify the point.Therefore, the answer to the question is that both your strong GPA and your strong
GMAT/GRE score are extremely important factors in determining whether you will accepted for a Masters course. It almost goes without saying that the better the university the higher the requirements. As a general guideline I would be very suspicious of Masters programs that do not demand GMAT/GRE scores since the most obvious conclusion that one can make is that the courses are not very competitive and you should not expect to have great career prospects having graduated from such a Masters.

Question 3. When should I select the Program and the universities I wish to apply.

I am of the opinion that this should be done prior to your sitting for GMAT/GRE exam.
One it will be clear to you what scores you require to go to your dream university. Thus you will have a target and you need not take the exam repeatedly.
Second you will save money on score reporting.

Question 4: On what basis should I choose a Masters/MBA programme?
Well obviously you want to choose the best possible programme since this ought to give you the greatest employment prospects. There are rankings for Masters and MBAs that are published by various different publications and are provided in the group Files Section.
These rankings give a good general guideline and you will be sure to see familiar names at the top such as Stanford, Berkeley, MIT,Harvard, Wharton,LBS, LSE, Insead and so on. Their positions may vary slightly from year to year but they are always at the top and everyone in the business world knows them, and identifies them with quality.
So just how do you choose the best possible course? Well, firstly you have to be realistic. It is not easy getting into one of the big name
universities unless you have a GPA of more than, let\’s say 7.8/10 or 3.7/4 and a GMAT score of at least 680. Do not delude yourselves. If you do not have such scores then you will just have to lower your aim. There are a surprising number of quality Masters programs at universities that many undergraduate students have not heard of yet provide excellent quality and almost guarantee jobs before completing the Masters programme. Business leaders, and employers generally, will undoubtedly know about such universities and the particular Masters on offer. So just because you have not heard of a university do not be put off. After all the reason you are doing a Masters is to increase your job prospects. Having said that, there is also the type of Masters you should pursue. Do not just pick anything that takes your fancy. You have to be constantly thinking whether you are going to be more attractive to a prospective employer with that particular Masters in the future. Thus you have to seriously think about what sort of
job you see yourself doing. Some Masters are particularly \”hot\” such as Finance (with an emphasis on Financial mathematics) or an MBA with an emphasis on e-commerce. There are many others but there are also those that have saturated the markets such as a Masters in marketing, unless, of course you happened to have picked it up from a university like Stanford. So think objectively and realistically about which Masters you really want to do and spend enough time surfing the Internet to investigate all possibilities -you may be surprised by what you find. In conclusion, if I had to give one piece of advice with regard to choosing a university it would be: NAME, NAME, NAME.

Question 5: When should I take the GMAT/GRE examination?
The simple answer is as soon as possible. Unfortunately most students leave the GMAT or GRE until the last minute and do it in a rush which certainly does not make for great results. To be sure that you get the highest possible score allow yourself at least three months to prepare yourself, and be prepared to work and practice extremely hard over that three-month period. Ideally you should take the GMAT-GRE at least a year before you think about exactly which Masters you intend to pursue. Remember the examinations are valid for a five-year period. Students who come thinking that the GMAT-GRE can be conquered in a very limited time period are going to be sorely disappointed and severely punished in the real examination. It is simply something that you cannot rush. So take action and think about doing a GMAT-GRE course at the earliest opportunity to avoid disappointment.

YOU MAY ALSO BE INTERESTED TO READ:

Applying Tips

Importance of Recommendations

Importance of Recommendations depends on three factors:
1.The program for which you are applying.
2.Your aim for applying.
3.The university you are considering for application.

If you are having research experience and are applying for a research program or a Research Assistantships than recommendations play an important part.
Similarly for Teaching Assistantships.

If you are considering a top ranked program then also recommendations play an important part.

Corollary of this is your recommendor’s credentials should be impeccable.The recommendations should site some specific experiences and should not be generic in nature.

According to a recent Survey following factors play an important part in an application mix.
1.Academics
2.Standardized Test Scores
3.Recommendations
4.Essay

All are important ingredients of the application mix.

I have not mentioned TOEFL because it has a different role to play. For
admission if you have a decent TOEFL score it is sufficient.Every university
or even a program specifies a minimum TOEFL score. If you meet it along with
good credentials it is enough.
However it does not imply that if one has a high TOEFL score it does not
have a positive affect on ones application.
Among the other credentials the importance of each depends on the rank of
the university you are applying. For Top Universities Academics is more
important and second weightage is given to GRE.As we go down the ranks
importance of academics goes on shrinking and GRE starts playing more
important role. This is for a normal student.
By my saying this I am not decrying the role of other items in the
application mix i.e. Recos and Essay.
Sufficient it to say that the importance of each item depends on each
individuals circumstances.

If you have a low GRE score it is important that you have good academics.To
some extent the negative impact of low GRE score can be balanced by a high
academic score.
The importance of high academics can be realized when you note that while
you can dispense with low GRE score by taking the test again you cannot
overcome with low academics.

Similarly if you have low academic score you can be excused to some extent
for this by scoring high in GRE. Along with this you should be able to
present your case well in your SOP and your Recos should also support your case.

Thus you will see from the above that

The active ingredient in the application mix are
1. GPA
2.GRE / GMAT/ SAT

The supporting ingredients are
3.RECOS
4.SOP

The dormant ingredient is
5. TOEFL.
TOEFL comes to play when there is a tie.

In the case of Business Studies experience is another important aspect. More of it later.
The importance of each lies with your circumstances and your choice of a program.