Facts about this Years MBA Applicants

On average, applicants spent 90-140 hours on the MBA application process. Poets Quants provided a lengthy summary and analysis of the Association of International Graduate Admissions Consultants (AIGAC)’s recent survey on b-school applicants’ opinions and experiences of the MBA admissions process. Here we’ll provide some highlights from the survey, and then I’ll provide a few additional thoughts. †¢    Applicants ranked Dartmouth Tuck, Duke Fuqua, and Chicago Booth as the top three b-schools for getting to know the applicants during the application process. (These three were followed by Stanford GSB, UC Berkeley Haas, and Northwestern Kellogg.) †¢    57% of respondents reported that they used the assistance of admissions consultants when applying to b-school. †¢    91% of respondents who used the service named the essay assistance as the most valuable admissions consulting service. The five most popular schools according to the respondents were HBS, Wharton, MIT Sloan, Kellogg, and Stanford. †¢Ã‚  Ã‚  Ã‚  On average, applicants spent 90-140 hours on the MBA application process, 70-110 hours excluding the GMAT. †¢Ã‚  Ã‚  Ã‚  38% of applicants were asked to write or draft their own letters of recommendation. For international applicants, that number was at 50%. Regarding admissions consulting, AIGAC provided the following chart (which we, as an admissions consultancy, found interesting!): Additional Thoughts: I attended the AIGAC conference in Philadelphia. Unfortunately flight delays caused me to miss much of the discussion about the survey results. A few thoughts on both what I heard and on these results: †¢    The most important stat above is that applicants reported spending 70-110 hours on the applications excluding GMAT prep. Don’t underestimate the amount of time required by the application process, specifically the essays. Frankly, I believe the estimates above both for GMAT prep and essay writing are on the low side. Indeed, the time required by the application process is one of our motivations for our Early Bird Special. We encourage you to start early and submit a thoughtful, unhurried application. And we are putting our money where our mouth is. †¢    At the conference, the letters of recommendation stats attracted the most attention. Apparently many of the admissions directors in attendance were shocked that so many applicants are asked to draft the letter for the recommender’s signature. I was shocked they were shocked, but they were. (Lots of shock going around.) I hope that the discussion surrounding the letters of recommendation leads to a less burdensome and more authentic recommendation process. If it does, however, it probably won’t happen until the next application cycle. In the meantime, seek recommenders willing to spend the time to write their own strong letters on your behalf. †¢    While I don’t believe that 57% of all applicants use consultants (this survey was conducted by consultants and probably skewed towards those who use our services), I do believe that the percentage of applicants benefiting from consultants is growing. //