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REASSESSMENT OF THE RELATIVE WEIGHTS OF GPA AND GMAT IN THE MBA ADMISSION DECISION PROCESS
- Article from:
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Academy of Information and Management Sciences Journal
- Article date:
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July 1, 2007
- Author:
- Loucopoulos, Constantine; Gutierrez, Charletta F; Hofler, Durward
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Copyright informationCopyright The DreamCatchers Group, LLC 2007. Provided by ProQuest LLC. (Hide copyright information)
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ABSTRACT
The explosive growth of MBA programs has generated the need to streamline the admission process, by assigning the appropriate weights to admission criteria like undergraduate GPA and GMAT that accurately reflect each school's prior admission decisions. A mathematical programming model is proposed for the assignment of relative weights to undergraduate GPA and GMAT in the MBA admission process. The proposed model classifies applicants as admissible, borderline and non-admissible with the objective of minimizing the number of applicants with misspecified admissibility status. The model can easily be extended to account for other variables that may affect an applicant's admissibility.