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TIMING your MBA application can have important consequences. Early on in the
application process (October in the typical cycle for the following autumn)
there are lots of places and by March/April there are none. The window
closes steadily during this time.
Most business schools have a series of deadlines. The deadlines are typically
in October, January and March. The admissions committee will have decided in
advance what percentage of the total intake is going to be taken from each
round. Generally, about 45 per cent will be taken at the first round, the
same again in the second round and the remaining 5 to 10 per cent in the
third round.
The key principle is that each round is a separate mini-competition:
candidates who miss out do not go forward to the next round. In the first
round, the field is wide open. Every part of the class profile, every
nationality, every background, every skill-set and every previous employer
is under-represented. Here schools traditionally select the best, with
little or no regard to class mix. The second round is where the business of
balancing the class begins in earnest.
By this deadline the school has almost all the serious applications it is
going to get, and sets about sorting the best and balancing those under
consideration with the candidates who have accepted offers from the first
round. By the third round, there are only a handful of places left, which
are given to the wild-card applicants who bring some amazing and unique
attribute.
Common wisdom holds that if you are a strong, traditional candidate and you
meet all the academic requirements, then you should apply in the first
round. If you have lower academic qualifications and/or come from a more
unique background, it is better to apply in the second round.
If you are creating a schedule to get everything done on time (for a September
start date) it should look like this: spring (18 months before the course
starts) take the Graduate Management Admission Test (Gmat); summer, do your
personal profile (see next week’s article); September to
October, research and select schools and submit your first applications;
November to December, finish applications.
Precis from MBA Admissions Strategy, by A. V. Gordon (£13.99).
Each year, TopMBA.com helps 50,000 candidates gain entry to the top business schools. Use the search and scorecard tool and match yourself to one of more than 200 business schools worldwide.
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