Saturday, October 6, 2007

Of acceptance rates and yields

I happened to look at acceptance rates and yields for top schools today, and thought I'd share some thoughts about these 2 parameters.

Its well-known that acceptance rate is a measure of the selectivity of the school (#admitted/#applied), while yield is a measure of 'relative desirability' of schools to students (#accepted/#admitted). Schools publish both numbers - and taken together, these numbers offer some pretty interesting insights.

I've compared the schools I'm applying to by normalizing the two ratios. The number in parenthesis give the two ratios (Yield, Acceptance Rate in %) for each school.

SchoolAppliedAdmittedAccepted
HBS(89,14)72010089
Wharton(69,17)80010069
Columbia(77,16)80010077


After thoughts

1. These numbers mean nothing to me. Fit cannot be quantified - it is a function of each combination of applicant and school. School X may simply be a lot 'nicer' because its alumni were more responsive, or a visit to its campus was much more pleasant.

2. This comparison is a digression during essay-writing. If you hate digressions, use Dark-Room.

Errata

Anonymous correctly pointed out that these numbers are not updated - I used the figures from Bouknight's "MBA Game Plan", 2003 edition. Apologize for this oversight, which makes the numbers obsolete by 4 years. I've since corrected the numbers (I did not find these stats for Chicago GSB or Stern).

This also renders my conclusions invalid - I've taken these out since. Thanks, Anonymous.

4 comments:

Anonymous said...

Are you sure these acceptance rates are correct? I just went to the HBS website and they show an admittance rate of 14% for the Class of 2009 versus your 10%.

http://www.hbs.edu/about/mba.html

Anonymous said...

Plus Wharton admitted 17.3% of applicants for Class of 2009 while you show 13%.

http://www.wharton.upenn.edu/mba/community/classprofile/

globetrotter said...

I've kept a rough idea of these numbers in my head. Looking at these numbers made me feel like I was starting with a disadvantage. I'd be interested in knowing if there's any site out there that shows the breakdown of applicants by nationality, gender, industry background. Probably not.

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