Who in their right mind would get accepted to Harvard Business School and turn it down? Turns out the answer is: someone who also got into Stanford.
Interesting article about those fortunate enough to get accepted into multiple top MBA programs, and where they ultimately decide to go. Stanford beats out Harvard 56% to 22% of the time, and 22% choose to attend other MBA programs.
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@mbavsmfin
Columbia 40% vs. Chicago 30% of cross admits (30% neither school)
I believe you have mentioned numerous times before that the cross admit comparison methodology to be the best indicator of a school's actual reputation. Thoughts?
popcorn
Honestly surprised by the gsb over hbs the yield on Harvard has been consistently higher for years
Waiting for @"mbavsmfin" to respond.
Although I suspect some % of that is due to the NYC location.
Wait, but Chicago is soooooooooooooooooooooooooooooooooooooooooo much better than NYC.
;)
Don't forget Booth's lucrative scholarship/fellowship package. They are much generous than CBS (Put it into perspective: Booth new building costs 100MM, CBS new building costs 600MM).
http://i.imgur.com/agJIP.gif
Before the pissing match sets in, anyone else waiting on Rd2 interview invites? Sucks how they do it over a 7 day period...I just wanna know!
I stand corrected. I was wrong on the booth-cbs cross-admit stats and quite frankly am absolutely STUNNED that cbs beat booth. Given that the sample size of this study is enormous, I think it's reasonable to conclude that it's in line with the true cross-admit stats. Good job, cbs.
-1 for the reversal/justification a little further down.
The article explicitly admits that Booth has a better academic reputation and fares better in the rankings and that the only reason the cross-admit stat could be explained is due to the NYC location. So basically, it seems like the ones turning down Booth for CBS are those who already live in NYC and have a lot of friends and don't want to move to the Midwest. This stat is hence a reflection on NYC rather than CBS itself.
Don't mix fact and opinion. Author neither admit anything nor say "only reason". It is possible NYC location helps a lot but nobody is sure.
I think the main reason of cross-admit gap is a combination of location and ivy prestige to INTERNATIONAL students. I asked around my friends/relatives in Asia who don't actively research bschool: most think CBS is far better (Wharton/HBS are in another league tho).
Therefore I believe my conclusion still holds:
I agree that CBS has bigger clout abroad, but that's quickly changing.
I also think you are being way too dismissive of rankings given that they affect public perception of school prestige (whether you agree or disagree with the rankings is irrelevant). Many of us may think mba rankings are crap, but the fact that booth has consistently beaten cbs in almost every ranking for the last 5 years or so has had a major impact. Booth's ranking trajectory has been on the upswing while CBS' has been on the downhill.
So 10% more people chose CBS over Booth out of 91 people. Not sure how statistically significant that is but I will agree that more people will choose CBS. However, I think that number is skewed by international or non-major US city applicants. If I live in India or Ohio, I would choose CBS also but it will be because I want to live in NY instead of Chicago and not because of the school itself.
Of course, but what I mean is we are talking about 9 additional people here that picked CBS.
Might be east coast bias, or the fact that I'm not a competitive applicant to either program, but I still can't imagine turning down Harvard for Stanford.
I don't think that's correct. I read an interview with Derrick Bolton and he basically said Stanford GSB loses students to HBS and top law schools moreso than to other b-schools. Wharton comes into the mix here and there. So basically, Yale Law is a bigger threat than other b-schools.
Couldn't Columbia's binding early admission account for the higher yield?
Yield is different than cross admit. Binding early admission does increase CBS's yield but not necessarily help it win cross admit. The cost of choosing another school after binding admission is $6000 deposit. Given Booth's average grant is $10000 more than CBS's, it is probably not enough to change applicants' decision.
I think it would affect with cross admits- it's reasonable to assume that many applicants would honor the binding admit even if Booth gave them a slightly higher grant.
ED does affect yield but not so much cross-admits. The CBS ED deposit is due within 2 weeks of admission. Given that the vast majority of ED admits hear back between October and mid-December, very few of them are turning down round 1 offers from other schools.
Never want to hear you speak on this subject again Brady. Hide your head in shame.
But seriously, booth and cbs are great programs. Brady is just insecure.
Tldr: brady has a small ****
I'm surprised that the Michigan Duke Cross Admits heavily favors Ross. The general consensus online is the other way around.
Interesting, thanks for sharing. Shamelessly admitting that I'd love to see cross-offer data for the IB industry.
Doesn't brady go to Wharton? Why even care?
I know a guy who went to Columbia over Booth (without scholarships from either) mostly because of NYC, although he claimed he also liked Columbia's more "practical" curriculum, vs. Booth's more academic feel.
Not surprised to see Stanford over HBS given that start-ups are red hot in MBA circles nowadays.
I think the startup bias definitely plays a role, but IMO, a big part of this is that Stanford aggressively filters for people who really want to go to Stanford (one of their two essays is literally "Why Stanford?"). Having talked to friends there, I think they do this not for winning cross-admits, but rather because they think they've got a unique skew and want people who really buy into that. HBS doesn't give a rat's ass about whether you've wanted to go there since you were five or whether it's just another application. The cross-admit pool is, as a result, pretty skewed.
I'm biased (see post history), but that's been a consistent theme among n=8+ friends who've applied to, been admitted to, and then picked between schools.
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