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What’s crispier than a freshly pressed waffle? Getting an M7 MBA admit! Magic 7 B-schools are named so because they do just that – magically transform your career. Featuring the best MBA schools of the world, an M7 MBA degree is your gateway to roaring success. Understandably, cracking the M7s is no mean feat and only the best are able to meet the cut.

This purpose of this article is to give you everything you need to know about the elite M7 business schools. At the end of this piece you will be able to understand the entry requirements, rankings, work experience and what you can expect to get out of an MBA at these prestigious B-schools. So let’s get started!

IN THIS BLOG:

1. Harvard Business School
2. Stanford Graduate School of Business
3. Wharton School of Business, University of Pennsylvania
4. MIT-Sloan School of Management
5. Columbia Business School
6. Kellogg School of Management, Northwestern University
7. Booth School of Business, University of Chicago

1. Harvard Business School

If universities were angels, it isn’t hard to guess who would sport the brightest set of wings. Among all hallowed B-schools, Harvard bags the No. 1 spot and it is clear to see why. Harvard Business School was established in 1908 and introduced the first MBA program in the world. It actually pioneered the case study method of instruction. With largest research endowment in the world standing at a whopping $3,799 million, this B-school is every MBA aspirant’s dream.

Its full-time MBA program is for two years and has a general management program that focuses on real-world practices. It accepts 3 or 4-year undergraduate degree holders from any branch. The candidate should demonstrate leadership skills, analytical mindset and community engagement. Additionally, you should also have:

Harvard Business School facts:

GMAT or GRE score: 730+ or 327+
TOEFL or IELTS score: 109+ or 7.5+
GPA: 3.7 above
Average Work Experience: 5+ years
Essay: 1
Recommendations: 2
Current resume
Tuition fees: $73,440
Median starting salary: $148,750

2. Stanford Graduate School of Business

One of the most selective business schools, with an acceptance rate of just 7%, Graduate School of Business at Stanford University was established in 1925. Located in the heart of Silicon Valley in California, it ranks consistently among the top 3 business schools of the world. Stanford offers a full-time MBA program of two years. It focuses on leadership skills, innovation and entrepreneurship. To apply successfully at Stanford GSB you should have:

Stanford GSB facts:

 

GMAT or GRE score: 730+ or 330+
TOEFL score: 104+
GPA: 3.78 above
Average Work Experience: 4.8+ years
Essay: 1
Recommendations: 3
Current resume
Tuition fees: $74,706
Median starting salary: $156,000

Remember, Stanford GSB does not accept 3 years bachelor degree. If you have a 3 years bachelor, you will need to earn a two year Master’s and only then will you be able to apply. The B-school also does not accept IELTS score as proof of English proficiency.

3. Wharton School of Business, University of Pennsylvania

With celebrity alumni like Donald Trump, Elon Musk, Warren Buffet and many more, Wharton ranks consistently among the top 3 B-schools of the world. The B-school made headlines for two reasons this year: one, it became the first B-school to enroll more women (52%) than men in its MBA Class of 2023, and two, the graduating MBA Class of 2021 hit new records in median salary at $155,000.

 Stanford GSB facts:

GMAT or GRE score: 730+ or 334+
TOEFL or IELTS score: 115+ or
GPA: 3.6 above
Average Work Experience: 5 years
Essay: 2
Recommendations: 2
Current resume
Tuition fees: $83,230
Median starting salary: $155,000

Wharton also offer Joint MBA/MA programs in international studies, law, healthcare management and other fields; these aim to combine the participants’ business knowledge with a professional program.

Interested in MBA scholarships and financial aid?

Have you taken the GMAT before?

4. MIT-Sloan School of Management

The Alfred P. Sloan School of Management was started in the year 1914 within the Department of Economics and Statistics at MIT. At the intersection of business and technology, it thrives on providing impact-based solutions to real world problems. Sloan MBA is STEM designated so Indian students can take the benefit of staying and working in the US for 2 years after graduating. See other STEM designated MBA programs.

MIT-Sloan School of Management facts

GMAT or GRE score: 730+ or 337+
TOEFL or IELTS score: 90+ or 7+
GPA: 3.7 above
Average Work Experience: 5 years
Video statement of 1 minute
Cover letter
Recommendations: 1
Additional references: 2
Current resume: 1 page only
Organizational chart and your position in it
Tuition fees: $78,945
Median starting salary: $150,000

Sloan also offers a unique MBA Early program for low experience candidates. Applicants can take admission early, work for 2 to 5 years and then join the program.

5. Columbia Business School

With an acceptance rate of 13.6% in 2021, Columbia is incredibly competitive. Located in Manhattan, New York City, CBS is one of the oldest B-schools. Applications to its full time two-year MBA program can be made twice a year in January and August. It is one of the three schools (the other two being HBS and Wharton) that have produced 90% of world’s billionaires with MBA.

Columbia Business School facts:

GMAT or GRE score: 730+ or 327+
TOEFL or IELTS score: 100+ or 7.5+
GPA: 3.5 above
Average Work Experience: 5 years
Short answer question: 1
Essay: 3
Recommendations: 1
Current resume
Tuition fees: $77,376
Median starting salary: $150,000

 CBS also offers dual degree MBAs in association with its schools of engineering, journalism, public health, architecture and others.

See which other universities offer dual degree MBA programs

6. Kellogg School of Management, Northwestern University

Renowned especially for its marketing and advertising programs, Kellogg is one of the oldest B-schools in the US. The management guru, Philip Kotler, taught at this university once. This B-school also played a major role in the genesis of GMAT.

Kellogg, Northwestern University facts

Mean GMAT or GRE score: 727+ or 327+
TOEFL or IELTS score: 95+ or 7.5+
GPA: 3.7 above
Average Work Experience: 5 years
Video essay: 1
Essay: 2
Recommendations: 2
Current resume
Total fees: $111,096
Median starting salary: $142,857

Besides traditional majors, Kellogg offers pathway programs to students in data analytics, entrepreneurship, healthcare, real estate, social impact and many more areas.

7. Booth School of Business, University of Chicago

Booth is the second oldest business school in the US. It is associated with nine Nobel laureates in the area of Economics. The school is known for its research contribution in the fields of finance, economics, quantitative marketing research and accounting. Its full-time MBA program is for 21 months and is STEM designated. The program accepts 3 and 4-year undergraduate degree from a recognized institute. Booth has campuses in Chicago, London and Hong Kong.

Chicago-Booth facts:

GMAT or GRE score: 740+ or 325+
TOEFL or IELTS score: 104+ or 7+
GPA: 3.6 above
Average Work Experience: 5 years
Essay: 1
Recommendations: 1
Current resume
Tuition fees: $74,919
Median starting salary: $155,000

Please note that GMAT and GRE scores mentioned in the article are median scores, aiming for these scores will increase your chances of admission. Want to prepare for the GMAT or want to know your admission chances at these universities? Schedule a 15 minute free session with our expert counselors and get a personalized target GMAT score and admissions  roadmap!

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