MIT’s Sloan School of Management is telling applicants to its highly prestigious MBA program that they will not have to submit either a GMAT or GRE score to gain an admission from the school.
For MBA applicants, there just may be a silver lining to the pandemic. Largely due to COVID-caused closures of test centers and concerns over the at-home versions of the GMAT and the GRE, the vast majority of the top 100 full-time MBA programs in the U.S. are now waiving standardized tests for admission.Some 63 of the top 100 have now gone fully test-optional or are actively promoting test waiver policies. MBA admission officials insist that their admission standards have not declined as a result of the policy changes. Instead, they are relying on other parts of candidates’ applications to gain confidence that an applicant can handle the academic requirements of their programs.
We are happy to announce that of our students have successfully got a GMAT/GRE waiver from MIT Sloan on 11th Jan 2022
Click Here to see the GMAT Waiver Approved by MIT Sloan
Top MBA Applications in 2022 with GMAT Waivers
MIT Sloan, Stern joins Indiana University Kelley School of Business, the University of Virginia Darden School of Business, and the University of Michigan Ross School of Business in announcing the waiver extension. More are certain to follow as admission officials increasingly express the view that the tests are not necessary to determine whether a candidate can handle the quant demands of an MBA program. And more schools are questioning the use of standardized tests for admissions.
Click Here to see the GMAT Waiver Approved by NYU Stern
The dominoes keep falling. Another top-25 business school in the United States, seeking to keep the edge it gained when it made an emergency suspension of its admission test requirement as coronavirus chaos descended on graduate business education in spring 2020, is extending the waiver into the 2021-2022 cycle.
To have a look the screenshot of the approved
GMAT Waivers received by Leapquest Students previously from MIT Sloan and Michigan Ross Please Click HereIf applying is a concrete plan then we suggest you raise a request to the colleges mentioned at the earliest as the GMAT waivers will be applicable for limited slots. We will continue to update you on any application news and on more schools offering GMAT waivers
Scholarship, aid
All students are considered for fellowships and scholarships granted by MIT Sloan and other MIT departments and connected organizations. Some financial support is solely dependent on merit, others solely on need, and yet others on a combination of need and merit.Students can also apply for financial aid from other agencies and for loans through the MIT Student Financial Services. Sloan guarantees loans through the MIT Federal Credit Union.
MIT Sloan matriculates the most promising MBA candidates regardless of financial circumstances. After acceptance, each incoming student begins the three-tiered financial aid process:
1. Incoming students are automatically considered for fellowships and scholarships awarded by MIT Sloan and other MIT departments or related organizations. For incoming students, these awards are granted after a review process that is independent of your acceptance. Admitted applicants may be eligible for and considered for a variety of different fellowshipsthat require separate applications.
2. Students may also apply for additional sources of financial assistance administered by external foundations and organizations. The Office of Graduate Education offers some resources to help find these organizations are located here. Once admitted, you may also contact the Student Funding office at Sloan for a list of these external awards specific to business school students.
Tip: Apply at the Earliest to avail the scholarships. Colleges love “Early Applicants” and with GMAT/GRE Waiver now a real story you can work only on the Application documents and hit the “Submit” button.
“We can predict a candidate’s potential for success without the reliance on the GMAT or GRE.”
School officials generally note that MBA admission decisions are made on a holistic basis and a standardized test score is but one of many metrics used to decide who to admit and who to reject. Some deans have also begun to question how strongly correlated test scores are with the success of MBA graduates. “We have many tools and data points at our disposal in the application review process,” said Katie Lloyd, associate dean of the full-time MBA programs at Scheller. “We can predict a candidate’s potential for success in and beyond the MBA program without reliance on the GMAT or GRE. Basing decisions on previous academic experience, work history, and interview evaluations has been an effective admissions approach for our Evening MBA program, which began accepting candidates without a test score in 2018.”
Get Help from Leapquest for your MBA Applications!
Getting started early will greatly reduce anxiety, allowing you to maintain a balanced life while working thoroughly on each part of your MBA application.
Leapquest MBA Admission service includes all elements of MBA applications that consist of:
- Shortlisting the list of target B-Schools
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- Guidance in preparing CV/Resume
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- Any other related part that is inside the scope of B-School application process
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A Major chunk of the MBA aspirants face a lot of dilemma in deciding whether to pursue their MBA dreams or not. There are a lot of challenges candidates face regardless of the Industry or work experience they come with. If there is something that’s stopping you from proceeding with your plans, Revert with the list of challenges and we’re pretty sure a quick discussion with our team will help you put things into perspective and take a call.
Our team of expert MBA admissions consultants helps you push for more, find your voice, and tell your story in the most compelling way possible. We help current-year and future-year applicants to top MBA programs. Start your journey to MBA acceptance at Leapquest
At Leapquest, our MBA consultants have helped a large number of applicants convert their dream of attending top schools around the world. Send us an email if you’d like some help with business school selection and application reviews.
