What is a good GMAT score for CEIBS MBA?
Short Answer – The average GMAT score at CEIBS MBA is 695 for the last entering class. If you score above 690, you have a fair shot and you will receive an encouraging response to your profile evaluation from the admission committee.
Long Answer – There is no such thing as a safe score, higher is always better. In our years of consulting experience, we have seen our clients with 640 getting selected into top schools like INSEAD and on the other hand, someone with a 770 getting rejected too. A good benchmark that we advise all our clients to beat is the average GMAT score of the last entering class as mentioned in the Class profile published every year. Scoring above the average gets you a fair shot;
“The higher your score, the better is it for your interview or admission chance.”
If you plan to apply with a score that is below the average, then you are starting a fight with one hand tied behind your back or, let’s say, you are starting a few yards behind your competitors. You can definitely catch up in other sections of the application by writing outstanding essays or performing really well in an interview later. But it is always nice to start ahead of the competitor. A higher GMAT score helps one gain a competitive advantage.
“What if you are from the over represented Indian or Asian Pool?”
The over-represented candidate pool of Indian or Chinese applicants usually goes through a rigorous preparation process for GMAT, with a lot of Indian applicants scoring quite high. Hence, the overall competition and the Average score for this diaspora goes up by a few notches. That is why we recommend candidates within the most over-represented profiles to shoot at least 20 points higher than the school’s class profile average.
Average Employment Salary after CEIBS MBA?
The average salary at CEIBS for the last graduating class was RMB 575,500. 93.8% of the class was employed within 3 months of graduation with majority of the class going into consulting (11.3%), Finance (22.6%) and technology (24.5%) oriented functional roles.
The Career Development Centre (CDC) at CEIBS is dedicated to bridging companies with MBA graduates. They help students identify career interest and develop a career plan. They also facilitate various activities to enhance communication between companies and students. CDC’s main responsibilities is to help students find their career instead of landing a job.
Tuition Fees & Scholarship at CEIBS
The Tuition fees for CEIBS MBA is RMB 468,000 and an additional RMB 48,000 is the living cost.
CEIBS offers merit-based scholarships to first-year students. They are awarded based on applicants’ academic and professional achievements, personal accomplishments, interview performance and potential contributions to the MBA programme. Admitted candidates will be automatically considered for this scholarship and there is no need for a separate application.
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FAQs about CEIBS MBA
Candidates should have a bachelor’s degree or above, and at least ten years’ working experience, including a minimum of seven years at a managerial level. After submitting your application with the required documents, we will arrange your interview, to be conducted either in person on CEIBS’s main campus in Shanghai, or through Skype/Zoom. Candidates will also need to register and schedule to take the Executive Assessment by themselves, and have the score report sent to us. After the completion of these steps, you will be notified of the admission result within two weeks.
Participants pay their tuition fee in three instalments – an initial payment of 10% of the total fee, followed by two subsequent instalments of 50% and 40% respectively. CEIBS has also entered into an agreement with the Shanghai branch of China Merchants Bank, which allows Chinese mainland Global EMBA participants to apply for bank loans.
All application documents may be submitted online through the dedicated application portal. A completed application will include the following:
- A completed MBA application form (including at least 3 application essays)
- Two letters of recommendation
- University degree and certificate
- University transcript
- ID or passport
- Application fee receipt
- Official GMAT/GRE score report
- Business card
- Corporate sponsor statement (if applicable)
To start you application, please click here.
The overall assessment of candidates is made after the Admission Committee reviews their EA admission test or GMAT score, other application materials, and the results of their interview. While each of these elements influence the final decision, the interview part does carry additional weight, as it gives the committee a clearer understanding of the candidate’s personality and unique qualities beyond what is written on paper. Therefore, it is strongly recommended that each candidate takes the time to consider their interview style and technique beforehand, so they can exhibit their personal strengths and capabilities to the fullest.
Equally, it is strongly recommended that the applicant clearly describes his/her career path and vision in the essay part of the application package so that the Admission Committee can have a clear picture of the applicant’s career development, which can then be addressed in more detail during the interview.
Can I apply for any financial assistance or scholarships? What kind of scholarships and grants are available?
CEIBS offers a wide range of scholarships and fellowships for both domestic and international students who possess outstanding leadership or demonstrate financial difficulty. For more information about our scholarships, please click here.
In addition to scholarships, CEIBS Talent Loans (interest free) are available to all students in the form of interest subsidy. Normal student loans are also provided by the Industrial and Commercial Bank of China for mainland Chinese students and by Prodigy Finance for international students. For more information, please contact [email protected].