Top business school admission rates are a lot bigger than 5%

MBA Program	2016 Acceptance Rate
1. Harvard Business School	10.7%
2. Stanford Graduate School of Business	6.0%
3. University of Chicago Booth School of Business	23.6%
4. Northwestern University Kellogg School of Management	20.1%
5. Wharton School at the University of Pennsylvania	19.6%
6. MIT Sloan School of Management	11.7%
7. Tuck School of Business at Dartmouth	22.4%
8. Berkeley Haas School of Business	12.0%
9. Columbia Business School	14.1%
10. Yale School of Management	19.0%
11. Duke University Fuqua School of Business	22.1%
12. University of Virginia Darden School of Business	26.5%
13. University of Michigan Ross School of Business	26.3%
14. Cornell SC Johnson School of Business	27.6%
15. UCLA Anderson School of Management	20.7%
16. UNC Kenan-Flagler School of Business	36.4%
17. NYU Stern School of Business	23.1%
18. University of Texas McCombs School of Business	28.0%
19. Carnegie Mellon University Tepper School of Business	30.3%
20. Emory University Goizueta Business School	33.1%
21. Indiana University Kelley School of Business	31.4%
22. University of Washington Foster School of Business	23.9%
23. Rice University Jesse H. Jones Graduate School of Business	26.6%
24. University of Notre Dame Mendoza College of Business	41.0%
25. Georgetown McDonough School of Business	44.6%