The University of Copenhagen has one of the highest acceptance rates nationwide, with 95% of undergraduates getting into their graduate programs. A study released this week in Aeon Magazine shows that out of the nearly 50,000 applicants, only 3% were the right fit for the school.
The study said that the best fit candidate was a 32 year-old female, who had a 2.3 GPA, and a 2.1 GPA on the transcript. The second best fit was a 26 year-old male, who had a 3.7 GPA, but he didn’t graduate. Of course, this isn’t a statistically significant result, but it is a finding that’s interesting.
We have absolutely no idea what this means. Maybe the best fit student is an excellent student that isnt going to graduate. Or maybe these students dont want to work at a school that offers a low acceptance rate.
So we have no idea. We don’t know what the acceptance rate means in the context of the actual applicants. We’re guessing there is a correlation between an applicant’s GPA and the acceptance rate, but we don’t actually know. We don’t know if this is a statistically significant finding, but its interesting. We don’t have a clue what this means either.
Copenhagen business school has a low acceptance rate for students because the school claims that they dont have the resources to compete with other business schools, and that the students that get in usually want only to learn how to do their job and get a degree. They say that they are not hiring students with a high GPA because that might not be what they are looking for.
We’ve also seen data before, that there is a huge difference in business school acceptance rates when comparing those who go to a small school in an expensive city, to those who go to a small school in a smaller city. One thing is sure, if you want to get a good job that pays the bills, and you want to do it in a city that is not too expensive, you need to go to a top-tier business school. And that’s where we come in.
Business school is one thing, but the fact that so many schools are so expensive does have a lot to do with the fact that so many students choose not to attend. If there are other factors involved, I can’t really discern them, but the fact is that students who attend a top-tier school have better chances to get into a top-tier school for other reasons.
The best study I’ve seen of this came from the University of Illinois at Chicago, and their study looked at the acceptance rate at four business schools.
The university in question, the University of Illinois at Chicago actually has two schools. One is a “business school,” meaning it offers both business administration and MBA-level business classes. The other is an engineering school (and yes, I know that is an oxymoron). Both of these schools are relatively expensive, which makes it hard to justify going to them.
I am assuming the business school is the business school that offers the BA and MBA programs. If you are looking at getting into a business school, you might want to look at the acceptance rate of the business school that offers an MBA program. At Illinois they have a 97% accept rate at their MBA program. That is the same rate as Harvard.