MBA application fees, m7 business school, Ivey leagues, know a to z for MBA admission as an international students.

 

MBA application fees

Nilenod higher study-High application fees

This is no secret that many qualified candidates do not apply for charging high MBA application fees. Each year, the business the school receives a high volume of online applications that creates a huge difficulty to check all of the documents. As a result, they set application fees higher so that only qualified applicant considers their school. But, this is not the real story, they have found a significant number of qualified students do not apply because of these excess application fees, although they have a deep interest to apply. It is a simple calculation if you apply to one of the universities then there is no guaranty to accept, so logically they consider universities on different segments, such as Dream University, targeted university & safe university. So, in total, they apply to about 3 to 7 universities. Logically, the average application fee of B-school is $250, so the cost range will be $750 to $1750. This is a big financial burden for the needy or international applicants; therefore, they have to think only for those universities that do not charge any application fees. Prestigious universities try to admit the best candidate so that they can proudly say; “this candidate was from our university”. But application fees create a barrier between the top universities & qualified applicants. Below is a breakdown of the top 39 US universities regarding application fees: 

MBA application fees (2022)

MBA application fees of top 39 university ( USA)
S.No.	B-school name	Application fees ( USD)
1	Harvard Business school	250
2	Booth School of business	250
3	Kellogg School of management	250
4	MIT Sloan	250
5	Columbia business school	250
6	Dartmouth tuck	250
7	Yale SOM	250
8	Virginia	250
9	NYU Stern	250
10	Wharton	265
11	Stanford GSB	275
12	Duke – Fuqua	225
13	UC-Berkeley – Haas	200
14	Michigan – Ross	200
15	Cornell – Johnson	200
16	UCLA – Anderson	200
17	CMU – Tepper	200
18	UT Austin – McCombs	200
19	Rice – Jones	200
20	Emory – Goizueta	175
21	Texas A&M – Mays	175 (domestic), 200 ( international)
22	Georgetown – McDonough	175
23	Texas-Dallas – Jindal	100 (domestic), 150 (international)
24	Vanderbilt – Owen	175
25	USC – Marshall	155
26	UNC – Kenan-Flagler	150
27	Boston – Questrom	125
28	Arizona State – Carey	70 (domestic), 115 ( international)
29	Boston College – Carroll	100
30	Georgia Tech – Scheller	75 (domestic), 85 ( international)
31	Washington – Foster	85
32	Michigan State – Broad	85
33	Indiana – Kelley	75
34	Minnesota – Carlson	75
35	Wisconsin School of Business	75
36	Ohio State – Fisher	60 (domestic), 70 ( international)
37	Purdue – Krannert	60 (domestic), 75 ( international)
38	Maryland – Smith	75
39	Rutgers	70

                                                                  Update for 2022

M7 business school

‘M7 Business Schools’ is a term used to describe the group of America’s well-known selected business schools. M in M7 MBA stands for Magnificent or Magic. 

The Dean of m7 came together to form the most influential informal group known as ‘M7 Business Schools’. They are known for their quality education, high placement opportunities even in bad economy, and many Nobel Prize winners being former M7 MBA graduates. These 7 have a history together that continues –their deans connected with each other years ago and formed a group to regularly meet and share information. Eventually, these meetings grew beyond just the deans to include others within their admissions offices, creating a consistent flow of information. Meetings and discussions address a range of issues, including best practices for components of the admissions process and responses to current events that directly impact MBA admissions.  

M7 rankings (2021)

Name	Harvard	Stanford	MIT	Booth	Kellogg	Wharton	Columbia
U.S. News	3T(1T)	2(4)	3T(5T)	3T(1T)	6(6)	1(3)	6(9)
Forbes	4(3)	2(2)	7(8)	1(7)	3(4)	5(1)	7(6)
Business Week	3(3)	1(1)	7(4)	4(5)	10(8)	6(2)	9(7)
Financial Times	2(5)	1(1)	8(9)	7(6)	14(12)	4(3)	9(7)

Update-2022

M7 rankings (specialization)

Name	Harvard	Stanford	MIT	Booth	Kellogg	Wharton	Columbia
Finance	3	2	6	5	7	1	4
Consulting	6	7	1	5	3	4	2
Entrepreneurship	3	1	2	6	7	4	5
Marketing	3	1	5	6	2	7	4

Update-2022

Key factors

Factors ( average)	Harvard	Stanford	MIT	Booth	Kellogg	Wharton	Columbia
GMAT	730	734	716	730	727	732	732
GRE	326	330	324	324	327	324	327
GPA	3.9	3.6	2	6	7	4	5
Work experiences	4.7 years	4.7 years	5	5	5	5	5
Age	27	N/A	N/A	28	27	N/A	28
Male (%)
Female (%)	44	47	38	38	40	41	40
International students (%)	33	35	38	30	26	19	40
Acceptance rate (%)	12	7	22	22	20	25	26
Class size	732	436	484	621	474	916	782

 Update-2022

Key indicators of M7 Business School

Name	Average Salary	Two-Year Tuition	Post-MBA opportunities
Columbia Business School	$202,238	$154,752	Consulting-34% Finance-33.2% Technology-19.8%
MIT Sloan school of Management	$197,177	$154,336	Consulting-31% Finance-18.5% Technology-27.6%
University of Chicago's Booth School of Business	$191,679	$144,000	Consulting-38.2% Finance-30.3% Technology-16.3%
Northwestern University's Kellogg School of Management	$141,576	$146,808	Consulting- 36% Finance-15% Technology-28%
Wharton School at University of Pennsylvania	$211,000	$162,756	Consulting-24.5% Finance-36.2% Technology- 16.2%
Stanford Graduate School of Business	$222,000	$146,124	Consulting- 15% Finance-34% Technology- 28%
Harvard School of Business	$210,000	$146,880	Consulting-24% Finance-34% Technology- 19%

  Update-2022

Real facts: Below mention some facts that help you to decide university for MBA.

1.      Name: Harvard School of Business ( HBS), Harvard University

States name: Massachusetts

Location: Cambridge

Established years: 1908 (B-school)

Known for: Nation first Ivey League University

Area: 5,076 acres

Financial aid/Scholarship link: www.hbs.edu/mba/financial-aid

Application fees waiver: Need-based waiver for 2022

GMAT score sending code: HRLX892

GRE score sending code: 4064

TOEFL score sending code: 3444

Minimum TOEFL score: 109 (IBT)

MBA contact e-mail: admissions@hbs.edu

 

2.      Name: MIT Sloan School of Management

States name: Massachusetts

Location: Cambridge

Established years: 1914 (B-school)

Known for: Nation third prestigious m7 University

Area: 166 acres

Funding link: studentfunding.mitsloan@mit.edu

Application fees waiver: No application fees waiver for international students   

GMAT score sending code: X5X-QS-41

GRE score sending code: 3791  

TOEFL score sending code: 3510 

Minimum TOEFL score: 90 (IBT)

MBA contact e-mail: mbaadmissions.mitsloan@mit.edu

3.      Name: Booth School of Business, Chicago University

States name: Illinois

Location: 5807 S Woodlawn Ave, Chicago  

Established years: 1898 (B-school)  

Known for: Second-oldest business school (U.S) & very strong for Finance program.

Funding link: www.chicagobooth.edu/mba/full-time/admissions/scholarships-and-aid

Application fees waiver: No application fees waiver for international students  

GMAT score sending code: H9X-9F-34

GRE score sending code: H9X-9F-34

TOEFL score sending code: 1832-02   

Minimum TOEFL score: 70 (IBT)

MBA contact e-mail: admissions@chicagobooth.edu

4.      Name: Kellogg School of Management, Northwestern University

States name: Illinois

Location: 2211 Campus Dr, Evanston, IL 60208

Established years: 1979 (B-school)   

Known for: Marketing

Funding link: https://www.kellogg.northwestern.edu/financial-aid.aspx

Application fees waiver: No application fees waiver for international students  

GMAT score sending code: 6WZ-3J-89

GRE score sending code: 7921

TOEFL score sending code: 1546

Minimum TOEFL score: 100 (IBT)

MBA contact e-mail: admissions@chicagobooth.edu

5.      Name: Columbia business school, Columbia University

States name: New York

Location: 3022 Broadway, New York, NY 10027

Established years: 1916 (B-school)    

Known for: Ivey league & good for Finance program

Funding link: finaid@gsb.columbia.edu

Application fees waiver: No application fees waiver for international students  

GMAT score sending code: QF8-N6-52

GRE score sending code: 6442

MBA contact e-mail: apply@gsb.columbia.edu

States name: New York

Location: 3022 Broadway, New York, NY 10027

Established years: 1916 (B-school)   

Known for: Ivey league & good for Finance program

Funding link: finaid@gsb.columbia.edu

Application fees waiver: No application fees waiver for international students  

GMAT score sending code: QF8-N6-52

GRE score sending code: 6442

MBA contact e-mail: apply@gsb.columbia.edu

6.      Name: GSB, Stanford University 

States name: California

Location: 655 Knight Way, Stanford, CA 94305, USA

Established years: 1925 (B-school)     

Known for: World’s best university & good for entrepreneur program

Funding link: https://www.gsb.stanford.edu/programs/mba/financial-aid/contact

Application fees waiver: No application fees waiver for international students  

GMAT score sending code: L9R-KW-09

GRE score sending code: 4704

MBA contact e-mail: mba_admissions@gsb.stanford.edu

7.      Name: Wharton business school, university of Pennsylvania 

States name: Philadelphia

Location: Philadelphia, PA 19104, USA

Established years: 1881 (B-school)     

Known for: Best Ivey League University for Finance MBA

Funding link: financialaid@wharton.upenn.edu

Application fees waiver: Need-based waiver

GMAT score sending code: G56-97-73

GRE score sending code: 6802

TOEFL code: 2926  

MBA contact e-mail: mba-admiss@wharton.upenn.edu

Know the Ivey league:

Ivy League schools are considered to be the most prestigious of all colleges in the United States. These schools are primarily located in the Northeastern part of the country. There are eight total colleges that are considered to be Ivy League. These schools are Brown, Harvard, Cornell, Princeton, Dartmouth, Yale, and Columbia universities and The University of Pennsylvania. Of all institutions of higher learning, these elite schools are considered to be the most outstanding and the most sought-after in terms of acceptance and graduation.

The Ivy League business schools: There are two Ivey kids namely Brown University & Princeton University that do not offer MBA or business degrees. So, there is a total of six Ivey league universities that offer MBA or business degrees.

1.                           

2. Samuel Curtis Johnson Graduate School of Management (Johnson) - Cornell University
3. Harvard Business School (HBS)- Harvard University 
4. Columbia Business School (CBS)- Columbia University 
5. Tuck School of Business (Tuck)- Dartmouth College
6. Wharton School of business ( Wharton)- University of Pennsylvania
7. Yale School of Management (SOM)- Yale University 

From the previous reading, you have already familiar with Wharton, HBS, CBS, now let’s discuss the rest of the Ivey league business school.

Cornell University

Nilenod higher study-Cornell university

States name: New York

Location: Ithaca, NY 14850, USA

Established years: 1946 (B-school)      

Known for: Investment Banking

Funding link: https://www.johnson.cornell.edu/About/Why-Johnson/Leadership/Leadership-Opportunities/Park-Leadership-Fellows-Program

Application fees waiver: Waive if attend ask. Admission webinar  

GMAT score sending code: 5JW-BM-96 (2years), 5JW-BM-11 (1 years) 

GRE score sending code: 8296  

TOEFL code: 2098   

Acceptance: 30%

MBA contact e-mail: mba@johnson.cornell.edu.

 

Dartmouth College

Nilenod higher study-Dartmouth College

States name: New Hampshire

Location: 100 Tuck Hall, Hanover, NH 03755, United States

Established years: January 19, 1900 (B-school)       

Known for: Consulting  

Funding link: tuck.financial.aid@dartmouth.edu

Application fees waiver: Need-based waiver 

GMAT score sending code: Z04-NH-64

GRE score sending code: 4887   

TOEFL code: 3351   

Acceptance: 34.8%  

MBA contact e-mail: tuck.admissions@dartmouth.edu

Yale University

Nilenod higher study-Yale University

States name: Connecticut

Location: 165 Whitney Ave, New Haven, CT 06511, USA

Established years: 1976 (B-school)      

Known for: Management  

Funding link: https://som.yale.edu/scholarships-list

Application fees waiver: No application fees waiver for international students   

GMAT score sending code: 3TJ-BX-75

GRE score sending code: 5624    

TOEFL code: N/A

Acceptance: 30% 

MBA contact e-mail: mba.admissions@yale.edu