"New option for students to defer admission for two to five years while working full-time.
The MIT Sloan School of Management recently announced the MIT Sloan MBA Early Admission, designed for ambitious and forward-thinking college seniors interested in securing a seat in a future MBA class. Students accepted for MIT Sloan MBA Early Admission will work two to five years after graduating from college before matriculating into the full-time MIT Sloan MBA Program." …
Deferred admissions MBA programs suggest that the typical expectation of what & how one does in the workforce for the two to five year period after earning an undergraduate degree is not as important as many admissions folks claim.
At the very least, this appears to be a lessening of selective admissions standards for an M-7 MBA program. On the other hand, Harvard & Stanford–both M-7 MBA programs–have the youngest average age of students among this elite group. And, if I recall correctly, Harvard started this type of early admit admissions practice to its MBA program.
Whether or not this shows a lessening of admissions standards or a change in admissions’ factors should be a focus of discussion.
“Thriving in a collaborative environment” seems to be a key focus which is replacing success & meaningful contributions & accomplishments in the workplace after finishing undergraduate school.
Dartmouth’s Tuck School of Business–not an M-7 program, but highly ranked-- recently shared that it seeks the quality of being nice or niceness in its admits.
In short, being a great student does not mean that one will be a great leader or successful in the business world. Seems as though MIT-Sloan MBA program has identified characteristics which predict such success.
Number of apps were down at all M-7 MBA programs. This may be a reaction to lower numbers of students applying to full time 2 year MBA programs.
Are these applicants excused from taking the GMAT ?
Several elite MBA programs offer early admission. Most are restricted to students at the same university. MIT does not require GRE or GMAT scores for applicants to this MBA early admission program.
Here is a list of the M-7 MBA programs, to help understand @Publisher’s comments.
https://poetsandquants.com/2018/02/16/m7-business-schools/?pq-category=business-school-news
Agree that I should have specified the M-7 (Magnificent Seven or Magic Seven) MBA programs. The M-7 are:
Harvard Business School
Stanford Graduate School of Business
Northwestern University’s Kellogg School of Business
Penn-Wharton
MIT-Sloan
Columbia Business School
University of Chicago–Booth
Although not M-7 members, UCal-Berkeley-Haas, Dartmouth-Tuck, Duke-Fuqua, Virginia-Darden, London Business School, NYU-Stern & Yale School of Management are outstanding MBA programs.