Skip to main content

10 Business Schools Where Getting Admitted Is Tough

By U.S. News & World Report

The U.S. News Short List, separate from our overall rankings, is a regular series that magnifies individual data points in hopes of providing students and parents a way to find which undergraduate or graduate programs excel or have room to grow in specific areas. Be sure to explore The Short List: College, The Short List: Grad School and The Short List: Online Programs to find data that matter to you in your college or grad school search.

Between taking the GMAT or GRE, writing essays and filling out applications, applying to graduate business school can be time-consuming and challenging. And getting accepted at some MBA programs is much tougher than others.

[Learn how to determine if you should apply in round one of MBA admissions.]

Among the 130 graduate business schools that submitted these data to U.S. News in an annual survey, the average acceptance rate for full-time students entering in fall 2016 was 45.7 percent. That’s significantly higher than the average among the 10 ranked MBA programs with the lowest acceptance rates for fall 2016: 13.8 percent.

Topping the list is Stanford Graduate School of Business, where just 6 percent of applicants — 489 of 8,116 — were accepted.

The majority of the MBA programs with the lowest acceptance rates are among the top-ranked U.S. News 2018 Best Business Schools, including the Harvard Business School in Massachusetts, which tied for No. 1. Harvard received 9,759 applications for fall 2016 — more than any other school on the list — and admitted just 1,042: a 10.7 percent acceptance rate.

[Discover five signs you’re ready to apply to an MBA program.]

In comparison, the other No. 1-ranked business school in the 2018 rankings — the University of Pennsylvania’s Wharton School — had a 19.6 percent acceptance rate.

Those are drastic contrasts from graduate business schools on the other end of the spectrum. For fall 2016, Willamette University’s Atkinson Graduate School of Management admitted 94.5 percent of applicants and Northern Arizona University’s Franke College of Business accepted 91.5 percent.

Below are the 10 ranked business schools with the lowest acceptance rates for MBA students entering in fall 2016. Unranked schools, which did not meet certain criteria required by U.S. News to be numerically ranked, were not considered for this report.

School name (state) Full-time applicants (fall 2016) Full-time acceptances (fall 2016) Full-time acceptance rate (fall 2016) U.S. News business school rank
Stanford University (CA) 8,116 489 6% 4 (tie)
Harvard University (MA) 9,759 1,042 10.7% 1 (tie)
Massachusetts Institute of Technology (Sloan) 5,707 669 11.7% 4 (tie)
University of California–Berkeley (Haas) 3,957 475 12% 7
Columbia University (NY) 5,534 783 14.1% 9 (tie)
Arizona State University (Carey) 1,159 166 14.3% 25 (tie)
University of California–Davis 336 53 15.8% 42
University of Florida (Hough) 306 49 16% 40 (tie)
Pennsylvania State University–University Park (Smeal) 612 111 18.1% 36
Yale University (CT) 3,649 692 19% 9 (tie)

Don’t see your school in the top 10? Access the U.S. News Business School Compass to find admissions data, complete rankings and much more.

U.S. News surveyed 471 schools for our 2016 survey of business programs. Schools self-reported myriad data regarding their academic programs and the makeup of their student body, among other areas, making U.S. News’ data the most accurate and detailed collection of college facts and figures of its kind. While U.S. News uses much of this survey data to rank schools for our annual Best Business Schools rankings, the data can also be useful when examined on a smaller scale. U.S. News will now produce lists of data, separate from the overall rankings, meant to provide students and parents a means to find which schools excel, or have room to grow, in specific areas that are important to them. While the data comes from the schools themselves, these lists are not related to, and have no influence over, U.S. News’ rankings of Best Colleges, Best Graduate Schools or Best Online Programs. The acceptance rate data above are correct as of Dec. 26, 2017.

More from U.S. News

How Do I Apply For an MBA?: 10 Steps to Success

Seek Guidance From MBA Grads When Applying to B-School

What MBA Applicants Should Know About Test Waivers, Test-Optional Programs

10 Business Schools Where Getting Admitted Is Tough originally appeared on usnews.com

Don’t Settle for Student Loans to Pay for Online Education

By WTOP Staff
Online college programs are becoming a more popular choice for prospective students, with one study finding that more than 6 million students enrolled in at least one online course in fall 2015. The popularity of these courses can be attributed in part to their flexibility with working adults' schedules, students' ability to progress more quickly through online programs and, oftentimes, cheaper tuition. [See 10 low-cost online bachelor's programs for out-of-state students.]Online degrees can be beneficial to many college students, but some studies have shown online learners complete their programs at lower rates than students at traditional brick-and-mortar campuses. Individuals with student loans but no degree comprise two-thirds of defaulted borrowers. Though these numbers are not encouraging, just like for traditional programs, there are ways to reduce how much you'll need to borrow for an online program to ensure you won't become one of these statistics. Don't just settle on borrowing student loans to cover the whole cost of your program and living expenses. Instead, start thinking about how to cut costs and cover your balance in different ways, such as the following. -- Grants and scholarships: Even though you are taking an online course, you can still apply and receive grants and scholarships. But your first step should be to complete the Free Application for Federal Student Aid, commonly referred to as the FAFSA, which will allow you to receive a Pell Grant if your expected family contribution is low enough. The EFC criteria and award amounts are adjusted annually, but the 2017-2018 academic year awards range from $606 to $5,920, which could significantly lower the amount you borrow annually. Your next step is to apply for scholarships. You can start by checking online scholarship search engines, such as the Salt Scholarship Search, College Board's BigFuture and Peterson's. But don't forget to take advantage of local organizations and your school's financial aid office. Both may offer scholarships that you can't find with a national scholarship search. [Review these 10 sites to kick off your scholarship search.]For instance, organizations like the Elks Club, Knights of Columbus or the Rotary Club typically offer scholarships annually to local students. Just because you're going to school online doesn't mean you're ineligible. Visit your local library for scholarship listings, and ask around town. You might be surprised how many local organizations offer scholarships. While these scholarships typically aren't large, every little bit counts. Each dollar you receive in a scholarship is a dollar you don't have to borrow and pay interest on. -- Work-study: Another option for online students may be work-study awards. Not all students enrolled in online programs are eligible, but students at some schools -- including, for example, SUNY Empire State College and Liberty University -- are. Work-study awards are not given upfront like scholarships and grants. In most cases, they are an offer to earn up to the awarded amount if you secure an eligible work-study job. While there is a misconception that all work-study jobs must be on campus, students can work for off-campus, nonprofit or public employers as long as the work is in the public's interest. You may be able to work for a for-profit employer if the job is relevant to your course of study. No matter who the outside employer is, it will need to have an established agreement with your college for you to receive work-study funds. Remember, to be eligible for federal financial aid, you must be enrolled and pursuing a degree or certificate. If you're not working toward a credential, Pell Grants and work-study won't be option, but you may still be able to take advantage of private scholarships -- just be sure to read the eligibility criteria carefully. [Explore what to know about financial aid in online programs.]-- Pay as you go: One of the great benefits to enrolling online is the flexible schedule, which can allow you to complete your college coursework around your responsibilities. But prospective students often overlook using their part- or full-time job earnings as an option for paying for college. Almost 80 percent of college students in 2015 worked at least part time while attending classes, according to the National Center for Education Statistics. By budgeting and thinking strategically about your college costs, you can likely reduce your dependence on student loans by paying a portion out of pocket. Many -- but not all -- online programs are less expensive than traditional programs and often have shorter payment periods. Six, eight or 10 weeks are common course durations. Because of the frequency of payments in an online setting, you may be well-placed to pay as you go and possibly avoid borrowing altogether. Attending college online and avoiding student loans may be challenging, but if you are willing to put in the effort, you can limit the amount you need to borrow. More from U.S. News Q&A: Understanding Student Loan Discharge Eligibility Student Loan Refinancing Isn't Right for All Borrowers
Read Next Story

Related News

Where to take the family while they visit DC

How the Tax Cut Affects Investors

Chelsea Manning filed to run for US Senate