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留学参考:GMAT Scores Keeping Going Higher At Leading Business Schools  

2017-03-23 04:49:23|  分类: DIY留学综合信息 |  标签: |举报 |字号 订阅

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留学参考:GMAT Scores Keeping Going Higher At Leading Business Schools


 
BY: JOHN A. BYRNE ON MARCH 22, 2017

 

 

Just when you thought GMAT scores couldn’t possibly go any higher, guess what? At many of the the leading business schools, average scores for the latest incoming classes have set new records—yet again.

A Poets&Quants analysis of scores for the MBA cohorts that began their first year in the fall of last year shows that 16 of the Top 25 U.S. schools achieved year-over-year increases in their GMAT averages. Only four schools—NYU Stern, Carnegie Mellon Tepper, Notre Dame Mendoza and Wharton—registered declines.

Not only did the increases outpace the declines by a four-to-one margin in the past year, some of the rises were surprisingly high for a single year. Rice University’s Jones School of Business registered a 14-point increase in its average GMAT score to 690. MIT’s Sloan School of Management upped its average score by eight points to 724, and the University of Virginia’s Darden School of Business gained a half dozen points to post an average GMAT score for its latest class of 712.

STANFORD GSB SETS A NEW CLASS RECORD: AN AVERAGE GMAT OF 737

Even among schools whose full-time MBA programs are ranked between 26 and 50, 15 of the 25 programs reported increases in average GMATs. Only seven schools had declines. The biggest year-over-year gainers? Penn State University’s Smeal College of Business saw a whopping 23-point jump in its average to 659. The University of Southern California’s Marshall School of Business reported a 13-point rise to 692. The business schools at the University of Illinois and Arizona State University both saw double-digit gains as well, rising 11 points to 665 and 10 points to 682, respectively.

Some 16 U.S. business schools and two European schools–INSEAD and London Business School–now boast average GMAT scores of 700 or up, one more than last year. Again, no school could beat the average at Stanford University’s Graduate School of Business which set a new record of 737, up four points on its year-earlier 733. Stanford’s new record means that the school’s average is now in the 97th percentile of all GMAT test takers. In other words, only 3% of test takers are able to achieve a higher score on the GMAT.

“The continuing rise in average GMAT scores at top schools is not a surprise,” says Dan Bauer, founder and chairman of The MBA Exchange, a leading MBA admissions consulting firm. “Don’t be shocked to see Stanford’s average crack 740 within the next year or so.”

Every applicant, of course, need not score the average to gain an admit from Stanford. The school’s Class of 2018 had GMAT scores that ranged from a low of 590 to a high of 590. But admission consultants will often encourage candidates to an MBA program to attempt to hit the class average to have some confidence that an applicant has a good chance of getting into a school. If an applicant is an over-represented part of the applicant pool, such as IT engineers from India, consultants will urge them to score well above the average.

AVERAGE GMAT SCORES ARE CONSIDERED A BAROMETER OF STUDENT QUALITY

Rising GMATs often suggest that a school is improving the quality of its incoming students. More than any other admissions data point, the GMAT is often considered a barometer of student quality. Rising GMATs can also be an indication of a school’s aggressiveness in offering more scholarship money to compete with rivals and represent a sign that a school is eager to move up in rankings that weigh GMAT scores in the methodology used to compute those lists.

A 700 GMAT score puts a test taker in the 89th percentile of those who have taken the exam. That means only 11% of those who sit for the GMAT have a score of 700 or above. The average on the test—where the highest possible score is an 800—is about 547.

More telling than year-over-year increases, however, are the five-year trends on average GMAT scores. Among the top 25 U.S. MBA programs, the biggest gains have been racked up by the University of Washington’s Foster School of Business and Northwestern University’s Kellogg School of Management. Foster hiked its average by 21 points since 2012 to 688 last year. Kellogg raised its average GMAT by 20 points over the last five years to 728—two points higher than the University of Chicago’s Booth School of Business.

DESPITE LAST YEAR’S TWO-POINT DROP, WHARTON IS STILL UP 12 POINTS SINCE 2012

MIT Sloan, thanks to its significant eight-point rise last year, has boosted its average class GMAT by 14 points since 2012 to a record 724. Wharton, despite reporting a two-point slippage in the last year, has increased its average by a dozen points to 730 in the past five years. That jump allowed Wharton to post slightly higher average GMAT scores than Harvard Business School, which saw a four-point increase last year to 729.

Top 50 With Biggest Five-Year Increases In GMAT Scores

 

School Five-Year Change Average 2016 GMAT Average 2012 GMAT
Michigan State (Broad) +29 670 641
Southern Methodist (Cox) +23 662 639
Washington (Foster) +23 691 668
Northwestern (Kellogg) +20 728 708
Rice (Jones) +17 690 673
Penn State (Smeal) +16 659 643
Illinois-Urbana-Champagne +15 665 650
MIT (Sloan) +14 724 710
Pennsylvania (Wharton) +12 730 718
Iowa (Tippie) +12 677 665
UCLA (Anderson) +11 715 704
Arizona State (Carey) +10 682 672
Georgia (Terry) +10 647 637

Source: Poets&Quants analysis from available GMAT data

 

FOUR REASONS WHY GMAT SCORES KEEP RISING

Bauer of The MBA Exchange believes there are four primary reasons why GMAT scores keep going higher at the top schools. “First, as schools compete for higher rankings, they strive for higher average GMAT scores as evidence of greater selectivity and academic excellence,” explains Bauer. “This competition helps drive GMAT averages higher. Second, as application volume continues to climb at top-tier schools, applicants feel compelled to maximize their scores and, in turn, adcoms enjoy the privilege of cherry-picking those with the highest GMATs.

“Third, today’s MBA applicants can easily ‘dress’ their reported GMAT scores. The only scores that can’t be erased are those reported to schools prior to July 19, 2015. So, with each passing year, there are fewer ‘pre-2015’ test takers in the applicant pool. And fourth, MBA applicants with limited quantitative skills and confidence increasingly opt to take the GRE. So, with fewer, low GMAT scores in the applicant pool, the average GMAT score rises.”

The option to take the GRE has meant that several schools are now reporting increasing numbers of applicants who submit the alternative test for admission. At Dartmouth Tuck, the percentage of applicants taking the GRE has risen to 13% last year from 7% a year earlier. At UNC’s Kenan-Flagler Business School, GRE takers have climbed to 21% of the applicant pool, up from 16%. At Boston University, they now make up a whopping 42% of the MBA candidate pool, up from 34% only a year earlier.

CARLSON & SIMON HAVE LED THE TOP 50 DECLINERS IN THE PAST FIVE YEARS

Declining GMATs can very well be an indication of a school falling behind in its ability to attract the best candidates to its MBA program, either because it lacks scholarship funds to compete for the best or simply chooses to invest its money in other ways. In some cases, however, higher GMAT scoring students have been poached by some of the higher-ranked schools. In the past five years, the biggest GMAT score declines among the Top 50 are at the University of Minnesota’s Carlson School of Business, which saw a 17-point decline to 675 last year from 692 in 2012. The University of Rochester’s Simon School saw a 15-point drop over the same period to 665 from 680.

The only Top 25 school to report a double-digit decline in its average GMAT score over the five-year timeframe was New York University’s Stern School of Business. Stern’s average fell to 710 from 720. That unusual drop could be attributed to the dramatic decline in Stern’s U.S. News ranking last year that resulted when the publication penalized the school when it unintentionally failed to report on a single data point. Stern fell nine places to rank 20th. Even though Stern managed to eke out a small rise in MBA applications, the school’s yield–the percentage of admits who enroll–fell to 44.7% from 45.9%.

In all, only 12 of the Top 50 schools reported GMAT declines over the past five years, with nine of them at MBA programs ranked 26th through 50th by Poets&Quants.

EVERY PROMINENT EUROPEAN BUSINESS SCHOOL BOOSTED THEIR GMATS LAST YEAR

How do these numbers compare to the best European schools? Last year, every prominent European school reported a year-over-year increase in its average. London Business School overtook INSEAD for having the highest average GMAT, an eight-point jump to 709. INSEAD’s number also went up five points to land at 708, just behind London. Most full-time MBA programs in Europe fall in the high 600s, with Oxford at 692 (+2), IESE and Cambridge, both at 690, with Cambridge up 10 points and IESE up 21 points year over year. IE has an average of 680, up eight points. HEC-Paris is now at 689, up seven points.

Top 50 With Biggest Five-Year Decreases In GMAT Scores

 

School Five-Year Change 2016 Average GMAT 2015 Average GMAT
Minnesota (Carlson) -17 675 692
Rochester (Simon) -15 665 680
NYU (Stern) -10 710 720
Washington Univ. (Olin) -10 688 698
Pittsburgh (Katz) -9 613 622

Source: Poets&Quants analysis from available GMAT data * An asterisk indicates a three-year decline

 

Average GMAT Scores At The Top 50 U.S. MBA Programs

 

P&Q Rank & School 2016 GMAT 2015 GMAT 2014 GMAT 2013 GMAT 2012 GMAT 5-Year Trend
  1. Harvard Business School 729 725 726 727 724 +5
  2. Stanford GSB 737 733 732 732 729 +8
  3. Chicago (Booth) 726 726 724 723 720 +6
  4. Penn (Wharton) 730 732 728 725 718 +12
  4. Northwestern (Kellogg) 728 724 713 713 708 +20
  6. MIT (Sloan) 724 716 713 713 710 +14
  7. Dartmouth (Tuck) 717 717 716 718 717 ——–
  8. UC-Berkeley (Haas) 717 715 717 714 715 +2
  9. Columbia 720 715 716 716 715 +5
10. Yale SOM 725 721 719 714 717 +8
11. Duke (Fuqua) 695 696 690 694 690 +5
12. Virginia (Darden) 712 706 706 706 703 +9
13. Michigan (Ross) 708 708 702 704 703 +5
14. Cornell (Johnson) 700 697 692 691 694 +6
15. UCLA (Anderson) 715 713 715 706 704 +11
16. UNC (Kenan-Flagler) 700 701 697 683 692 +8
17. New York (Stern) 710 720 721 721 720 -10
18. Texas-Austin (McCombs) 699 694 690 690 692 +7
19. Carnegie Mellon (Tepper) 686 690 687 691 693 -7
20. Emory (Goizueta) 683 678 678 681 677 +6
21. Indiana (Kelley) 670 668 668 664 664 +6
22. Washington (Foster) 691 688 682 670 670 +21
23. Rice (Jones) 690 676 676 676 673 +17
24. Notre Dame (Mendoza) 683 682 686 690 687 -4
25. Georgetown (McDonough) 692 692 691 688 683 +9

P&Q Rank & School 2016 GMAT 2015 GMAT 2014 GMAT 2013 GMAT 2012 GMAT 5-Year Trend
26. Vanderbilt (Owen) 691 690 688 688 682 +9
27. Michigan State (Broad) 670 664 666 655 641 +29
28. Washington Univ. (Olin) 688 695 699 696 698 -10
29. Minnesota (Carlson) 675 680 683 686 692 -17
30. Wisconsin-Madison 669 669 668 676 675 -6
31. Georgia Tech (Scheller) 680 678 676 678 678 +2
32. Southern Cal (Marshall) 692 679 684 686 690 +2
33. Ohio State (Fisher) 671 664 661 666 668 +3
34. BYU (Marriott) 672 674 667 665 672 ——–
35. Penn State (Smeal) 659 636 649 645 643 +16
36. Maryland (Smith) 657 658 662 654 656 +1
36. Arizona State (Carey) 672 673 673 676 674 -2
37. Rochester (Simon) 665 667 684 680 680 -15
38. Iowa (Tippie) 677 670 669 671 665 +12
39. Boston University 682 682 670 682 680 -2
40. Texas A&M (Mays) 649 654 647 648 649 ——–
41. Illinois 665 654 659 661 650 +15
42. Pittsburgh (Katz) 613 607 620 622 NA -9
43. UC-Irvine (Merage) 649 656 657 654 657 -8
44. Arizona State (Carey) 682 672 NA NA NA +10
45. SMU (Cox) 662 656 650 650 639 +23
46. Florida (Hough) 685 681 687 681 NA +4
47. Purdue (Krannert) 636 635 617 607 643 -7
48. Georgia (Terry) 647 643 646 645 637 +10
49. George Washington 643 642 648 644 NA -1
50. Boston College (Carroll) 667 NA NA NA NA ——–

Source: Poets&Quants analysis from available GMAT data

 

 

以上内容摘自:

http://poetsandquants.com/2017/03/22/gmat-scores-keeping-going-higher-leading-business-schools/ 

 

 

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