All of the M7 MBA programs have released their Class of 2027 profiles, and the data shows some declining trends alongside a few bright spots. For the Class of 2027, test scores continue to climb overall, and application volumes are a mixed bag.

Additionally, international enrollment has declined, gender parity is backsliding, and one top program is silent altogether.

Here’s a breakdown of the M7’s Class of 2027 profiles:

One of the most dramatic stories in this year's profiles might belong to Wharton, where international students now represent just 26% of the incoming class. This is down 5% – from 31% overall last year. This makes Wharton’s Class of 2027 the least globally diverse M7 program.

While Wharton still enrolled students from 68 countries, the program isn't alone with this trend. Other M7 programs saw declines:

MIT Sloan increased its international enrollment from 40% to 42% – making it the most globally diverse M7 program. Additionally, HBS grew its proportion of international students from 35% last year to 37% of the Class of 2027.  

Sloan's 450-student Class of 2027 includes students from 61 countries, and the school's ability to grow its international population suggests that maybe its STEM-focused brand and tech reputation resonate differently with global candidates.

Last year, Kellogg celebrated a historic milestone by enrolling an MBA cohort that was 50% women. Wharton’s MBA classes of 2023, 2024, and 2025 all reached at least 50% women.

This year, things look different.

Wharton's women enrollment dropped from 47% to 44% for the Class of 2027 – a 3% decline that erases some of the gains from recent years. HBS also enrolled 44% women in its Class of 2027.

Wharton received a record 7,613 applications and enrolled a larger class (888 students, up from 866). Does this figure reflect broader trends in the applicant pool or yield challenges, rather than school-specific issues?

On the flip side, Sloan leads the M7 in women's representation at 47%, down just slightly from last year's record-setting 49%. To round out the M7, Stanford enrolled 45% women, Columbia 46%, and Chicago Booth 41% – the lowest among disclosed figures.

Kellogg is radio silent

Last year, Kellogg became the second M7 school to achieve 50% women enrollment in its full-time MBA class – a milestone the school had been working toward.

This year, Kellogg's Class of 2027 profile doesn't report the percentage of women. It also doesn’t share the percentage of U.S. minorities or LGBTQ+ representation. What gives?

When Poets & Quants asked Kellogg for the data, a spokesperson said: "Gender and race/ethnicity data are not considered in Kellogg's admissions decisions, and we have chosen to report publicly only information that is used in our application review."

Interesting.

Recently, Kellogg ended its partnership with the Forté Foundation, which works to increase women's representation in business schools.

Without the data, we don't know whether Kellogg maintained its 50% benchmark… but the decision to withhold the data after years of public reporting suggests… perhaps not.

In other news…

Stanford GSB continues to set the academic benchmark. The Class of 2027 posted an average GMAT of 738, which was tied for Stanford's all-time high and the highest among all M7s. GSB’s average undergraduate GPA reached 3.76, matching HBS for the M7's highest.

Across the M7, GMAT averages are reaching new levels:

For the new GMAT Focus Edition, which uses a different scale, schools are reporting averages between 670-690. Columbia leads at 690, with GSB right behind at 689.

GPA averages are tightly clustered between 3.6 and 3.76, with Stanford and HBS at the top and Booth and Columbia at 3.6. The differences are statistically insignificant. All of these MBA programs attract academic superstars.

The schools with record or near record application volumes included:

These schools broke even or attracted fewer applicants:

Wharton and Booth set application records, while struggling with international enrollment. So, strong domestic demand is offsetting these global challenges.  

The M7 schools vary dramatically in class size. Here’s how many students enrolled across the Class of 2027:

Columbia's class is more than twice the size of Stanford's or Sloan's cohort. This isn't necessarily good or bad – it's a strategic choice about intimacy versus scale.

Smaller classes mean tighter networks and more individualized attention; larger classes could provide more diverse perspectives and, potentially, broader alumni networks.

If you're applying to M7 programs, here's what these profiles suggest:

1.        Test scores DO matter! With Wharton, Stanford, and Booth all posting record or near-record GMAT averages, the bar keeps rising. That said, schools still report wide ranges – Stanford's middle 80% spans from 560 to 790. So, that “holistic evaluation” is still in play!

2. Something’s happening in the pipeline for women. Sloan leads women’s enrollment at 47%, but the broader trend of declining or stagnant women's enrollment – plus Kellogg's decision to stop reporting it altogether – raises a few questions:

3. Transparency varies by school. Many programs provide detailed profiles. Kellogg's selective disclosure raises questions about what else they're not sharing this year.

The M7 Class of 2027 profiles could paint a picture of business education at an inflection point. Test scores keep rising and, despite the premature calls for the death of the MBA, application volumes were steady and hit records at more than one program.

Pay attention not just to the numbers, but to what schools choose to disclose, how they're trending over time, and whether the class composition reflects the globally connected and diverse business world you want to join.

The data is clear: not all M7 programs are facing these challenges equally. Some are thriving. Others are adapting. And at least one has decided to stop sharing the story altogether.