Are you curious about M7 business schools and what they represent? M7 refers to the seven most prestigious business schools in the world, with the ‘M’ standing for ‘magnificent’ or ‘magic’, depending on who you ask. These schools have come together to form an exclusive network that meets twice a year to discuss and exchange information on the latest developments in graduate business education. In this article, we’ll delve deeper into what M7 business schools are, their history, and what makes them stand out from the rest. Whether you’re a prospective student or simply curious about the world of business education, this article will provide valuable insights and information. So, keep reading to learn more!
The M7 Business Schools offer a plethora of opportunities to their graduates in terms of having an impact and changing industries as well as geographies. But before we go any further, let us first look at the seven schools that form this illustrious group of “M7 Business schools.”
Here is the list of M7 Business Schools:
- Harvard Business School
- Stanford Graduate School of Business
- Wharton School at the University of Pennsylvania
- Columbia Business School
- Northwestern University’s Kellogg School of Management
- University of Chicago’s Booth School of Business
- MIT Sloan School of Management
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Read on to find the answers to some of the most pressing questions related to M7 Business schools, such as how to get into M7 business schools, what is their acceptance rate, what is their typical class profile and cost of attendance, etc.
In this article, we answer all these important questions from an applicant’s perspective and compare the M7 business schools by employment reports, rankings, and alumni.
Did you know that Indian students account for almost 30% of all the MBA Applicants, yet only 9% of the class at Harvard, Stanford, Wharton, or other M7 schools comprises Indian nationals? So, how do you increase your chances of getting an Admit to M7 business schools? After analyzing MBA admissions success stories of numerous such students, we have come up with 5 best practices for Indian applicants to get into M7 schools:
As mentioned earlier, at their biannual private sessions for which these M7 business schools rotate hosting duties, they trade gossip, best practices, and whatever topical issues end up on the agenda.
What should be your target GMAT score?
Getting into an M7 business school is highly competitive. A strong GMAT score is often an important factor in the admissions process. It’s generally recommended to aim for a competitive score that falls within the range of the average GMAT scores of these top schools. Do you know yours? Take this quiz to find out. You’ll receive personalized recommendations for your target score based on factors such as the business school you want to attend and your unique profile.
Watch how to make your MBA Application stand out while applying to these M7 business schools. Here is a playlist where candidates who got into M7 business schools share their application journey:
https://www.youtube.com/watch?v=videoseries
M7 Business Schools Rankings
Here is how the M7 business schools fare in the 2023 Business School rankings published by leading business publications:
What is the significance of the M7 MBA?
A natural question to ask here is about the significance of M7, especially since various publications come up with business school rankings each year. The answer is simple and something that humans always crave – consistency. Rankings vary every year across different publications. On the other hand, M7s remain constant. Schools are neither added to nor removed from this list.
Getting an MBA degree is a long-term decision, and choosing an M7 school will guarantee you make the right choice. The fact that these schools recognize each other as part of a super-elite group and work together to enhance the quality of business education overall is also a validation of the quality of education these institutions provide.
Though M7s are definitely A-listers and you cannot go wrong with choosing them, there are many schools outside of this definition that are prestigious and possibly even a better fit for you. Yale, NYU Stern, UVA Darden, UCLA Anderson, Michigan Ross, etc. are excellent schools frequently breaking into the Top 10 of all major rankings.
Several schools outside the US provide top-class business education and enjoy a high global reputation – INSEAD, LBS, Saïd (University of Oxford), Judge (University of Cambridge), Rotman (University of Toronto), and IMD Switzerland, for example.
Therefore, your choice of an MBA program cannot be driven solely by a certain ranking or classification. An MBA is a means to achieve one’s career goals, not an end in iteself. It is important to introspect about what you want from your MBA and research well to shortlist programs that will help you achieve your specific goals – during and after the MBA!
Learn the Top 5 reasons to pursue an MBA from M7 business schools and how an MBA can add value:
M7 Business School Class Profile and other Statistics
If you are looking to get into an M7 business school, here are some of the statistics about these schools that will be useful for you:
- MBA Class Profiles 2024
- Employment Statistics(Post MBA Salaries)
- Cost of Attendance
- Business schools rankings by specialization
- Industry Choices of MBA graduates
M7 Business schools- MBA Class Profiles 2024
The following are the statistics of the class of 2024 MBA programs at the M7 Business Schools:
The average GMAT score for the incoming class of 2024 at the M7 business school is around 730, with an average GPA of 3.6+. Not only this, if you want to apply to these business schools you require to have work experience. A minimum of 2 years of work experience is required. However, you need to check with respective b-schools regarding the same.
The average work experience for the incoming class of 2024 at M7 business schools is 5 years. Moreover, M7 business schools do welcome diversity in their class profile. On average 39% of the class is filled by international students.
M7 Business schools- Employment Statistics
Graduates from M7 Business school earn some of the best salaries in the business world. Here are the employment statistics for the Class of 2022:
School Name | Median Base Salary | Median Signing Bonus | % of the class that received an offer |
Harvard | $175,000 | $30,000 | 95% |
Stanford | $175,000 | $30,000 | 96% |
Wharton | $175,000 | $30,000 | 99% |
Northwestern (Kellogg) | $165,000 | $30,000 | 99% |
Columbia | $175,000 | $30,000 | 95% |
Chicago (Booth) | $175,000 | $30,000 | 97% |
MIT (Sloan) | $165,000 | $30,000 | 97% |
The average median base salary of all M7 Business schools is between $165,000- $175,000. The average signing bonus is $30,000. In all the schools, more than 95% of the students received an offer within three months of graduation.
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M7 Business schools- Cost of Attendance
Following are the fixed cost of attendance for 1 year at M7 business schools:
School Name | Tuition | Books, materials, and other fees | Health insurance and service fee | Total (1 year) |
Harvard | $73,440 | $2,550 | $5,384 | $81,374 |
Stanford | $76,950 | $2,655 | $7,491 | $87,096 |
Wharton | $84,874 | $6,778 | $4,029 | $95,681 |
Northwestern (Kellogg) | $78,276 | $3,047 | $5,478 | $86,801 |
Columbia | $80,472 | $4,423 | $5,497 | $90,392 |
Chicago (Booth) | $77,841 | $3,284 | $7,086 | $88,211 |
MIT (Sloan) | $80,400 | $3,604 | $9,657 | $93,661 |
The cost of attendance for one year ranges between $80,000- $95,000 at M7 Business Schools. Considering the cost of living and other expenses, it is safe to assume that the total cost of MBA for a year at an M7 business school ranges between $100,000- $150,000
M7 MBA Program Rankings by Discipline or Specialty
The following are the rankings of the M7 MBA programs by different disciplines and specialties based on QS rankings: