Its not just GMAT scores any more.
On a chilly winter day in Boston, the group is huddled in a windowless, nondescript room. Piled high on a side table is enough junk foodpotato chips, popcorn and Oreo cookiesto put an extra five pounds on every person in the room. Its evidence of the likelihood that the locked-door session will test everyones endurance.
The seven people around the rectangular table in room 112G are enacting a scene that is playing out at business schools all over the world, as admission committees decide the fate of tens of thousands of applicants to their MBA programs.
In this case, the group is the MBA admissions team at Boston Universitys Questrom School of Business. Led by Assistant Dean of Graduate Admissions Meredith Siegel, the seven members of the committee will present dozens of candidates today, mull over the pros and cons of each application, and ultimately decide whether to admit, reject, or waitlist an applicant.
A Record $50 Million Gift
For BU, this is an uplifting time. Less than a year ago, the school received a $50 million naming gift from alumnus and long-time retailing giant Allen Questrom and his wife, Kelli. The gift, the largest ever received by the university, is going toward the endowment of 10 faculty chairs and will result in a new graduate program facility.
Ken Freeman, a former corporate executive who is now in his sixth year as dean, not only reeled in the unprecedented gift. He has also put new life into a school that for years competed neck-and-neck with Boston College behind the two giants of business education in town, Harvard and MIT. We have basically turned everything over, he says. There is no aspect of the school we havent touched. We have strived to create a warm, welcoming, scrappy, collaborative culture.
That could explain the quality of the schools first round applicants. Siegel, who has done MBA admissions at both Emory Universitys Goizueta School of Business and Northeastern University, says it is one of the best pools she has seen since joining the school in the fall of 2009. (The school agreed to allow a journalist into their deliberations as long as the identity of the applicants remained private.)
Among the dozens of candidates the group will review today is the usual array of wildly diverse professionals wanting an MBA degree: Math and engineering undergrads, English and history majors, consultants, analysts, military officers, non-profit managers, and entrepreneurs. They hail from all over the U.S. and the rest of the world, all wanting to come to Boston for an MBA experience.
Two Days: 93 Admits, 22 Dings, 51 Waitlisted, 8 Deferred
Todays crop is so strong, according to the committee members, that the vast majority of applicants will receive acceptances. Few snacks will be eaten (they tend to disappear on days when the dings outnumber the acceptances). Some candidates ultimately will be offered scholarship money to boot. By the end of two full days of meetings in mid-December, the group will admit 93 applicants, deny 22, put 51 more candidates on the wait list, and defer eight would-be students to get more feedback from career management on their employability at graduation.
In a typical year, Questrom receives about 1,100 applicants for just under 150 seats. Roughly 20% of the applications flow into the first of three application rounds. Overall, the school admits 35% of the candidates, turning down the vast majority of those who want to come to BU. Our goal is not to keep people out, insists Siegel. Our goal is to build a class that will be excited by the opportunities here. I would never say that weve gotten every decision right, but we have a thoughtful system and the number of mistakes are reduced on both sides because of it.
The entire committee meets 15 times in an admissions cycle, while subsets of the group will gather for other sessions to take a second look at candidates who were initially declined for an interview. All decisions of the committee must be unanimous.
There is No Formula.
Questrom is looking for a mix of the typical admission metrics: a strong undergraduate GPA, solid work experience, a track record of achievement, leadership ability, a good GMAT or GRE score, favorable recommendations, smart answers to both the written and video essay questions, and professional poise and presence in an in-person interview. There is no formula, insists Siegel. The more factors a candidate brings that are above average, the more successful the candidate will be.
But then there are other behavioral tests for candidates. Unlike in life, we get to pick our family, says J.P. Maychak, dean of student experience, who sits in on admission committee meetings. We are looking for non-arrogant, genuine, gritty people, ready and willing to take on the world.
Those attributes are integral to the process because the schools culture emphasizes community and high degrees of collaboration. Our candidates, Maychak makes clear, are more than a piece of paper.
First Year With Video Essays
Indeed. Theres a bit of video tape, too. For the first time ever, Questrom gave candidates the option to answer three video questions instead of doing a 750-word written essay. The majority of candidates opted into the video. Applicants are given 30 seconds after a random question pops up on their computer screens and then have 60 seconds to answer each one. The random questions are drawn from a bank of about 100.
Theres an unusual twist to the process at Questrom. The day or two after an application deadline, the admissions team does a quick assessment of undergraduate transcripts, test scores and resumes and immediately says yes or no to an interview. Roughly half the pool is interviewed in a given year. Then, those who get an interview with an admissions official have their application files assessed by another adcom staffer at the same time.
By the time applicant files come to the committee meeting, the candidates have already been interviewed. Its so more of us can know the candidate and also keep bias out of the process, explains Siegel. So all the candidates have the possibility of having two advocates in the room.
Thats a Winner!
When the admissions committee starts its work, it goes to the video tape right away on a candidate who sports low quant grades but wrote an additional essay to attempt to explain away those lower scores. Shes a project manager in a finance company and she answers each of the following three questions with ease, demonstrating both presence and personality.
The flat screen lights up at the end of the table, and everyones attention is drawn to the screen.
You have many options for youre MBA studies. Why do you want an MBA from Boston Universitys Questrom School of Business?
If you could only accomplish one thing in business school, what would it be and why?
What does creating value for the world mean to you?
Everyone is pleased with her answers. Thats a winner! exclaims Maychak. She will soon be receiving an acceptance.
It Wasnt an Incredibly Compelling Interview.
It went less well for an applicant who had been waitlisted last year and ultimately denied admission. His undergraduate point average is low, just 2.48, from a public university on the West Coast. Its well under the 3.3 GPA average for the latest incoming class as well as the lowest GPA accepted last year of 2.9. His GMAT score of 640 hardly offsets his mediocre undergraduate transcript. The average GMAT of the class that entered last fall was 682, with a range of 610 to 740. So the applicant is a full 40 points under the average...