The Little Things Potential
Business Students Should Know
The average first year business student is older than medical
and law school students. The average age of the entering class
at the top business schools is 27 years old, as first-years
worked an average of four to five years before attending business
school.* (Note that the average is slightly misleading because
it consists of many 26 year olds and significantly fewer 30-,
40- and 50-year olds who skew the average upward.)
The Application
An increasing number of schools last year offered online applications,
making the process more efficient and convenient for schools
and applicants. MIT required you to apply online--no paper
accepted.
The GMAT*
Although official numbers have yet to come in, data suggests
that the number of GMAT* test-takers last year increased for
the first time since the 1995-1996 admissions cycle. 98% of
GMAT* test-takers last year were 22 or older, and more than
half of test-takers last year were over 26.
GMAT* scores have increased steadily throughout the nineties
and scores at the top business schools are up significantly
from 1996. How competitive are the top schools? Although,
just 2 percent of all GMAT* test-takers scored a 725 on the
GMAT*, that score was the 1999 average for the incoming class
at Stanford Business School!*** A sample of average GMAT*
scores from top business schools*:
Sources:
*Business Week
**US News & World Report
***Graduate School Admissions Council
****Kaplan/Newsweek How to Use the Internet to Choose of Change
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