Most MBA programs generally have at least three rounds of applications, some business schools have four or five rounds in which you can apply to.
00:00 - Intro
00:48 - Definition:
So, the MBA application cycle is typically divided into several rounds with different application deadlines. Business school admissions teams assess applications and accept students into the MBA class at each round.
04:04 - The Deadlines:
Round 1 usually finishes in the fall, Round 2 around the New Year, and Round 3 in spring.
Schools that offer up to 5 application rounds, accept applications until early June.
Every school will have different deadlines, and some may differ quite dramatically from the rest, so make sure that you check the deadlines carefully for the schools you want to target.
02:27 - MBA Deadline usage:
It’s an admissions team’s job not just to select candidates who are qualified to attend their program, but to assemble the optimal combination of expertise, experience and ambitions to produce a well-rounded final cohort.
03:28 - The advantage of applying in Round 1:
The received wisdom around MBA application rounds is that it is best to apply as early as possible, because applying in Round 1 does come with increased chances of admissions, because in Round 1, all seats in the class are up for grabs, and none of the scholarship budget has yet been awarded.
Also, for international students who need to sort visas and accommodation in a new country, it makes sense to apply to your target MBA programs as early as possible.
A lot of business schools won't even look at your application if you're an international candidate and you apply after round 2.
04:38 - The advantage of applying in Round 2:
While a Round 1 application can be advantageous for some, the other MBA application rounds are there for a reason. Unless you’re in a highly competitive category, you can afford to aim for Round 1 or Round 2 depending on when your candidacy will be strongest. This is up to you to decide.
If waiting until Round 2 means you can raise your GMAT score or win a promotion at work, it is almost always worth waiting.
05:10 - The advantage of applying in Round 3:
In short, there is always a reason to apply in round 3 and later.
Only apply when you are ready and feel comfortable hitting the submit button. You can still make it to top-tier business schools in later rounds depending on your background and profile.
05:56 - "Rolling Admissions":
The good thing about rolling admissions is that it allows you to take your time and apply when you are ready. As with a traditional application, places in the class are likely to fill up as the final application deadline approaches.
06:25 3 key takeaways:
1. Apply early if you can, particularly if you are from a competitive segment of the applicant pool.
2. Consider applying to all your target schools in the same round. By getting all your offers around the same time, you put yourself in a stronger position to make decisions and even negotiate financial aid packages.
3. Don’t rush. Make sure to present yourself in the best way possible.
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