MBA in Harvard: Fees, GMAT, GPA! Does IIT Tag Matter? - YouTube

- So, hey guys so far we have learned a lot

about MBA in the US.

Like school, salary, package, etc

But today we will be mainly learning about

MBA at Harvard because

that is recognized all over the world.

approximately, every student has this dream

to switch their streams from

engineering or IT job because they get bored

and Harvard pretty much changes the game because

that's like one of the best university for

MBA in US. So without any further ado.

Let's get started.

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The reason why I'm making this video

is to tell you that Harvard, MIT

are Universities which

do not take slow workers and give fast workers

Arpit correctly said that in the MBA US video

that they take in hard- workers and give hard-workers

So that's why I want to show you the average profiles of

Harvard students

what qualifications do they have

and how their profile look like

which make them eligible to be at Harvard.

So first of all, I want to share that this information

is once again connected with the help of Shresth

So he got into NYU. He also applied to Wharton

so he's eligible to give you some counselling.

So here's his number. You can definitely ping him anytime.

So looking into the MB class of 2021

You can clearly see that around 10,000 students apply

and around 900 to 1000 students get accepted

So it means that acceptance rate is around 10%

So it's fairly easy. No, that's absolutely not true

Because Harvard is one of the most difficult business school

to get into.

there way above average

Students are applying so you have to be like so

smart to even consider applying

so that's why you cannot even consider applying

if your profile is not as good as the one

I am showing. So you can clearly

See that Harvard is pretty diverse

You can see students from all around the world

and as compared to MIT, I noticed that

Like Asians are dominating because it is like STEM heavy

institute, but that's not the case at Harvard

So now let's look into the tuition fee at Harvard.

So as we have already talked about in

Georgetown University, so when I visited there I found

out that most of the students are paying around

$160,000 to

$200,000, after scholarship

$100,000 but at Havard, one year tuition fee is around

Hundred and ten thousand dollars and if you have to multiply

by 2 because MBA is usually finished in two years. So

$220,000 so that becomes more than around

1.5 crores, so it could be around 1.8 crores

So that's way too expensive,

but you don't have to worry a lot about it

You know, why because they will be giving a need place

Scholarship or fellowship depending on your income, etc.

depending on your saving and according to those limits.

You can maybe get like around $40,000

but very very expensive or 80,000 for a two-year program

So that's why a lot of students applying to Harvard

end up with a debt of around-

- you can clearly see that average

Harvard education debt is around a hundred thousand dollars.

So it is a lot. So now getting back to the profile

So the first important step to apply to Harvard is your GPA.

so average GPA from US

Institute's is out of four

so out of 4, you should have a minimum 3.7

but in India, the GPA is out of 10

So you should give importance that in u.s

It is very easy to get 4.0 GPA four out of four

because I also have a 4.0 GPA but in India

It's way more difficult

So there an average IITian gets a 9.2, etc

So due to this reason, if you have if your GPA is like

close to eight, it should be good

So you should be qualified to apply and if you cannot

meet the requirements you can definitely compensate with your GMAT score

so moving on with the

education majors so you can clearly see that there distribution

is even now because in MIT students go for STEM.

But here you can see econ or business majors

also stem and humanities.

So overall it is very diverse

So no matter what you're studying right now in your undergrad.

You can definitely consider applying for MBA later on in your career

So moving on with the minimum years of experience

for Harvard. I have seen in India

in IIMs, ISPs

Average two to three years with the end experience,

but Harvard has 5 years average

there can be less or more. So no five years of work experience means that you will not be eligible

For need-based scholarship or need-based favour at Harvard.

Because if you work in the US for 5 years

you can probably save around $200,000

to

$250,000 if you are spending it wisely

But if you are applying from India, you could not do the same

So if you are working in the US

so it will be easier for you to pay

as compared to in India

and here I noticed that

The industry is pretty much very diverse as well

So you will see 15% consulting or 16% venture capital

so it is not that

Mainly engineering students or are coming from an IT job.

so you will see a very diverse class in Harvard

So that's a great thing

but I noticed in IIM and ISP that

the class is filled with IITians.

and a lot of engineers

so here you will get a lot of diversity

So moving on to the next important step

that is GMAT score

It is kinda similar to GRE

because it has quant and verbal section

But before you even get confused by these

score ranges. Because you would think that

if your score is in this range, then I ma applicable for Harvard

But that's not true because this score is relative

So if you see at this chart, so this chart kind of simplifies

because our GMAT score, is out of 800

So this chart kind of converts

that so if your verbal score is around

42+, that makes it 95 percentile and if your

quant score is about 50+

that will make you 94 percentile

so 94% means that you are performing better than

94% of the people who took the test

it means that if 100 people gave the test and if you get 95%

you have performed better than 95

So that's what they want because average

average students applying to Harvard for MBA are

95 percentile or even higher

so usually your quant score should be 50-51 that is close to a hundred percent and

Your verbal score should be 42 plus that is also very high

So you have to work really hard towards your GMAT test

So now going back to the score ranges

You can once again clearly see that GMAT plus GPA

is an integral part of your application

so if both your scores are not good

There's a possibility that they will not even open your application

because if both the scores are good, you will approx get 50%

chances increased to get an invite to be interviewed at Harvard for MBA

so you have to pay a lot more attention

Towards your scores and grades

So now moving into the feeder companies

so from which companies are students going to Harvard

so the most popular company is

McKinsey and company

and I found it interesting that

from UBER 11 students are going

Compared to 22 students going from Facebook, Netflix, Google

it would be due to high satisfaction levels

there that they don't want to go for MBA or whatever reason

so it means that if

you are in the top three consulting companies

or you have some consulting companies experience?

Then you have more chances of going into Harvard for sure.

So looking into some popular university students in Harvard

So I was surprised to see that IIT is in the list

not just in the list

But also above some Ivy League schools like Cornell and Brown

So it was a bit shocking that

but then I digested the fact because MIT also accept IITains in majority

So it's kind of true for MBA students and Harvard as well

But its clear that if you are form IIT or these top 10 schools

your chances increase. But that doesn't guarantee

admission because they also look into your overall profile and your

personality, so that's why you have to show that you have a great personality in your essays

and that can be shown with these three

Main characteristics or you can say these ten grades

So they also look how you have shown integrity in your company

where you worked for telecom. How much impactful have you been.

for example, if you worked in Google if

If you have done a small project here

So that will not be as valuable

For them as compared to a work in a startup company where

you increase 10% stocks to 100%

or else

from 10 dollar stocks to a 100 dollar stocks

you have done, so that's a bigger impact as compared to

a minor impact in the Google

So these things are important

and also creativity, community spirit

These kind of traits are also very important

which you can show with some like extracurriculars

you can show that you are involved in your community

and how much other things you do other than your work?

So you have to perform the

work-life balance

meaning, you are balancing both sectors

and doing something for your community

for example, increasing the community or

For example, you may have done some volunteer experience like growing trees in a community etcetera

So this results in community bonding and involvement.

So now finally if you feel that your profile is good

You can finally consider paying 250 dollars

To apply to Harvard because it's very expensive

because I have seen that

MBA applications are very extensive

and are above $100

for masters it is $100 but, for MBA it is very expensive

So you should not take risks, if your application

is not competitive

But now if your application is competitive

You can finally work on your essays and letters of recommendation

So for a letter of recommendation, I will give 2-3 tips

it has to be general like

like some letters of recommendation are generic that have only compliments

So you can also

take advantage and stand out in the crowd and write some flaws about you

write how from your flaws you overcome the situation and made it appreciable.

how you still have flaws, and how you are still working on it.

So you can show these things that is different from like

generic letter of recommendation and also some Harvard MBA essay tips

So I will leave this link in the description below

All the essay questions are given so you can read them and see

how an Harvard MBA essay looks like

from this, we get an overall understanding

they want to see that you not a robot not just showing

that I was an engineer and got bored

and want to change my position

You have to show more that

being an engineer, I tried being a project manager

But you couldn't do so. So you want to gain the skills to be at Harvard

so that you can become a better project manager

so that you can change your field. So if

you want to change to managing, you can mix your journey with it.

and you can show it in a more exciting manner.

that how you faced challenges

And so that so a lot of questions are answered here so you can definitely go over it

And then finally, I hope you will be interviewed at Harvard

because getting interviewed is a big thing as well

The interview acceptance rate, I think is 60%

because everyone, does not get the chance to get interviewed

and the interviews are quite tough

So I wish you all the best. I hope this video helps you out

So thank you so much for watching and

definitely even considered taking

Consulting from Shresth and his number is in the description below

and I will see you guys in the next one.

Good-Bye

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