M7 Bus (2024)

FAQs

What is the easiest M7 business school to get into? ›

University of Chicago's Booth School of Business

With an acceptance rate of 30.1% and an average GPA of 3.56, Booth is one of the easier M7 schools to get into.

The GMAT (Graduate Management Admission Test) is a crucial component of the MBA admissions process for M7 business schools. While the average GMAT score of M7 business schools may vary from year to year, it typically falls within the range of 730 to 740.

The average GMAT score for individuals accepted to the M7 MBA programs is around 730, with a GPA around or above 3.60.

You have a strong academic background.

Successful applicants have a competitive GPA (usually 3.5 or higher) and a high GMAT (typically 720 or above) or GRE score that demonstrates their ability to excel in a rigorous academic environment.

The average MBA student is around 28-29 years old, with most students ranging from mid-twenties to early thirties. However, the average age of MBA students varies a lot and many applicants above and below this average age are admitted to MBA programs.

What is the salary outlook for M7 MBA graduates? The median salary for M7 MBA graduates within three months of graduation is $146,000, with a median bonus of $30,000. Salaries can vary based on industry and job function, with finance and consulting roles typically offering higher compensation.

A GMAT score of 470 falls significantly below the average scores accepted by most MBA programs.

To score higher than half of all test takers, you need a Total Score above 600. To score among the top 25 percent of test takers, you'd need to score about 660. To be among the most competitive class—the top 10 percent of test takers— you'd want to aim for a score around 710 or higher.

750 is the 98th percentile. Hence, a very good score. The averge score for the world's top 50 MBA programs is in the range 700-720 and hence, a 750 is very strong. Yes, a GMAT score of 750 is considered very good and will put you in the top percentile of test-takers.

Another seven U.S. schools, Darden (Virginia), Fuqua (Duke), Haas (Berkeley), Stern (NYU), Tuck (Dartmouth), and Yale SOM, have been ranked with the so-called “M7” schools but none has established itself consistently in the top seven.

Is NYU Stern an M7? ›

If the M7 are (in no particular order) Harvard, Wharton, Stanford GSB, Chicago Booth, Columbia, MIT Sloan, and Northwestern Kellogg, then it follows that the S10 would be, to begin with, UC-Berkeley Haas, Dartmouth Tuck, Yale SOM, Michigan Ross, NYU Stern, Duke Fuqua, and Cornell Johnson (the original 2008 S7), plus ...

There is no one particular answer to this question, but generally, a score lower than 3.4 GPA may be considered a low GPA. If you wish to target the top MBA programs, you may want to have a safe ground at 3.4 and above. The average GPA score to join an MBA course for the top 50 universities lies between 3.4 and 3.7.

In the 2021-2022 MBA application cycle, only around 7,700 out of more than 40,000 applicants earned admission to an MBA program at one of the vaunted M7 business schools. About 4,700 enrolled that fall. That's a 20.3% acceptance rate and a 60.3% yield.

Stanford, Harvard & MIT Sloan top the list. That Stanford leads the list for the toughest business schools to get into is no surprise. In April 2024, US News reported that just 8.4% of applicants are accepted to the MBA program at Stanford Graduate School of Business.

Over 250,000 students are enrolled in MBA programs around the world. MBA grads make up almost 40% of C-suite executives on the 2022 Fortune 1000 list. CEOs, CFOs, and CTOs are more likely to hold an MBA degree than any other graduate degree.

Stanford has consistently had a low acceptance rate, followed by Harvard and then MIT.