Requisites and Provocations for Admissions in B Schools

Requisites and Provocations for Admissions in B Schools

Parul Tiwari, Mayank Sharma
Copyright: © 2019 |Pages: 22
DOI: 10.4018/978-1-5225-9073-6.ch008
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Abstract

In Stanford University's Graduate School of Business, the most selective B-school in the U.S., 94 of every 100 applicants will be turned down. Harvard Business School will rebuff 9 out of every 10 applicants. Although increasingly becoming the “Mecca of the young,” global professional, let's just say that business school is not everyone's cup of tea. Admission committees are meeting huge challenges to make hard and often painful choices for jittery candidates. MBA/PGDM admissions are more art than science. It is a methodology that gives more weight to the ability of an institute to add value, rather than merely perpetuate the brand myth. More importantly, B-schools are incorporating processes and systems that have become the norm in various industries. For example, Alliance Business School, Bangalore, has embarked on an ambitious plan to implement PCMM (people capability maturity model), used in the software industry. Under this, all processes—from admissions to career mapping to interfacing with stakeholders—have been identified and key metrics have been developed and implemented.
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For Those Who Desire An Elite Mba: The Odds Are Daunting, But For Better

In the world of higher and business education, can there be any names more illustrious than those of Harvard and Stanford? Separated by the width of a continent, these two are united by their prestigious status as the high watermark of learning and research. The annual QS Employer Survey reveals that MBA employers feel much the same about Harvard Business School and the Stanford Graduate School of Business (Stanford GSB). Such a reputation comes for a reason though; this pair is known for producing some of the world’s foremost business leaders and innovators. But, have you ever known this that at, Stanford University’s Graduate School of Business, the most selective B-school in the U.S., 94 of every 100 applicants will be turned down. Harvard Business School will rebuff nine out of every 10 applicants. Although increasingly becoming the ‘Mecca of the young’, global professional, let’s just say that Business School is not everyone’s cup of tea. Admission committees are meeting huge challenges to make hard and often painful choices whether to admit, deny, or waitlist tens of thousands of jittery candidates. Who will make it successfully to his/her dream college? To understand it better let us have a look at admission at these two top-notch b-schools of world.

Table 1.
­
Year 2013Harvard Business SchoolStanford GSB
Number of Students932406
Average Age2727
% Female4135
Average Years Work Experience44
% International3442
Nationalities Represented6054
Average GMAT Score730729

Source: (www.topmba.com/usa-canada/harvard-business-school-vs-stanford-graduate-school-business, 2013 data, except average age (2012))

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