We’ll go out on a limb and offer this bold prognostication:
It’s going to be easier for the well-prepared candidate to make it into a top MBA program this year.
This won’t hold true for everyone; there will still be crowded pools of candidates where each individual will need to fight to stand out, and where those individuals may not land at their first choice school in the end. But if they persevere, and have a well-thought-out strategy, then we predict that they’ll land somewhere good.
The keyword in all of this is well-prepared.
We saw a whole slew of seasons in a row where things were getting tighter and tighter, where GMAT scores were rising and you needed to be practically gold-plated to make it in anywhere.
We don’t think that’s going to be the scenario this year.
It’s not like all the schools will be loosening their standards.
But, unless there are some major shocks to the system coming that we don’t forsee at the moment, then yeah, this could be the year for many of you to make it in.
Why do we say that?
Well, it’s a combination of many factors, some we could articulate, some we could not. But suffice it to say, we’ve been doing this awhile, and we have a pretty good track record of reading the tea leaves.
Last year was a little bit easier, where some candidates made it into some schools that even they were surprised at.
GMAT scores and class averages in profiles that schools are reporting seem to have stabilized, partly because there was only so much higher they could go (there’s a limit to everything in this world, including at some point the stock market on the up and the unemployment level on the down), and also because the increasing acceptance and normalization of the GRE as a test option providing some relief on the GMAT front for a whole subset of candidates.
Plus there’s all this international and world-stage shifting, where America isn’t quite what it once was perceived. And, other countries have schools that now are seeing great demand, where the washout from the U.S. grad school market is being quickly consumed by MBA programs in Canada and the UK and elsewhere in Europe and all over the Asian countries too.
So the entire marketplace of MBA providers has shifted, and the perceptions among the MBA buyers (that’s YOU, the BSers around the world) have also been changing.
The sum total of all this tells us that apps to the Class of 2022 in the top American schools may continue their downward trend, especially if the economy stays heated.
This tells us that there will still be tight competition for white males in PE, and all the consultants, and BSers from certain backgrounds, like the Indian male in IT or the Canadian in finance, these classes of candidate will still need to do their homework, and aim appropriately, and ideally apply in Round 1.
And, everybody, no matter their background, needs to work really hard to present the best GMAT score they can (if you’re in one of those crowded pools, the GMAT is still better than the GRE) and take action on weaknesses like academic issues from college, and make sure to think through the strategy for choice of recommender, and get started early on essays, and research, research, research some more.
Basically, all the best practices we have ever laid out for you to follow.
But if you do that, and again, are choosing the schools that are right for you, and you’re articulating WHY they are right for you in the appropriate way, and deploying the sophisticated strategies of presenting your message that we teach around here, then yeah, you could have some luck with this process. Even at a Top 10 school.
We hope you’ll get there!! If we can help, hit us up!
You may also be interested in:
- Our “What will happen this season?” post for the Class of 2021 — which turned out to be remarkably accurate