Update: Our new hub for timing related news is here.
Applicants Who Are Admitted
Booth phones all admitted applicants to let them know that they will be offered a position in the incoming class. Phone calls start at around 10am Eastern Time and go through to the end of the day. The phone calls are time zone agnostic. In the past our international clients have received calls past midnight in their respective time zones.
Applicants Who Are Waitlisted Or Rejected
Unfortunately those who aren’t admitted find out their fate from the admissions portal…which isn’t updated until the next day. That means that those looking for an admit have to spend most of the day (and night if they’re abroad) waiting for that phone call, as hope slowly fades. They won’t know for sure that they didn’t make it until they check the portal on the next day and see their admission decision.
Statistical Breakdown Of Chicago Booth Round 3 MBA Applicants
Success Rate
Having survived the round of rejections that went out around the time that interview decisions were made, ~40% of Round 3 Booth MBA applicants still under consideration receive the phone call telling them that they’ve been admitted.
Around one third find that they’ve been rejected, and about a quarter find themselves having to deal with the hard choices imposed by a Round 3 waitlist.
Test Scores
The median GMAT score of those accepted by Booth to join their MBA class in Round 3 is 700. Surprisingly the median GMAT score for those rejected is substantially higher, 730. The median GMAT score for those who are waitlisted is 710. All this suggests that by the time Round 3 rolls around the admissions committee is less interested in a candidate’s GMAT score, and is more focused on plugging in the gaps that have emerged as they seek to build a balanced class.
Almost 90% of those who are accepted submit a GMAT score. Only 70% of those who are rejected and waitlisted report having taking the GMAT.
Nationality
Round 3 is dominated by Americans with few internationals making the cut. Most international applicants who applied in Round 3 are waitlisted which suggests that the admissions committee is waiting to see if anyone from the existing international admits drops out of the class before accepting an international candidate off the round 3 applicant list.
Methodology
Beacon is an admissions consultancy that uses data analytics to help clients get admitted to elite business school programs. This analysis is based on admissions data from past years. The data is sourced from Beacon clients, anonymous interviews with current and former admission committee members, third party databases, and industry expert estimates.
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