Pursuing an MBA is a crucial step in a student’s career as it lays a strong foundation for a successful career ahead. With tough competition, application formalities, and a lot of information at hand, students are often confused and doubtful about when to apply.
MBA programs often have three application rounds: Rounds 1 and 2, and Round 3. The deadlines for these rounds are normally in September, January, and April.
MBA aspirants must choose which application round to submit their application. The selection of the round influences your chances of admission to your desired business school.
MBA Application Deadlines
| Round | Deadline |
| Round 1 | September–October |
| Round 2 | December–January |
| Round 3 | March–April |
Round 1 and Round 2 – What is the difference?
Many applicants compare the acceptance rates of the two rounds and discover that round one has a slightly higher figure. However, the truth is that there is no functional difference between applying in round 1 and round 2 in terms of acceptance.
So, why is there a variation in acceptance rates?
While round one applicants have a greater acceptance percentage, it is only because mostly they are marginally stronger candidates. Round 1 candidates often have slightly higher test scores (GMAT & GRE) and GPA’s than round 2 applicants. Round 1 applicants typically have more — and subjectively better — employment experience.
Having said that, such candidates are mostly those who begin planning for their applications early on to meet the deadline of Round 1. The disparity is not due to a bias of the admission committee but because of the quality of applicants. However, there are several more compelling reasons to apply in round 1!
Why is applying for an MBA in Round 1 a good idea?
1. Higher acceptance rate: Since the majority of seats are open and schools are keen to enrol early on, there is a stronger likelihood for the application to be chosen for well-prepared candidates.
2. Access to scholarships: Many top business schools allocate a large chunk of their scholarship funds to Round 1 applicants. Applying early gives you a better chance of receiving financial aid that may not be available later on.
3. A way to demonstrate your commitment and proactivity: Submitting your application within Round 1 demonstrates that you are well-prepared, organized, and determined to attend the school. Admissions committees frequently regard early applicants as more committed and driven.
4. Gives you sufficient time for other formalities: For international students, applying for the first round allows them ample time for formalities like visas, paperwork and planning for financial arrangements. It can also be beneficial for career transition like informing the current employer, planning accommodation etc.
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Round 1 – who should apply?
Round 1 is an ideal time to apply for an MBA if you have got your ducks sitting in an order. Right from clarity about your goals, knowing that your manager can give you an impeccable letter of recommendation, moving to brainstorming and presenting solid well-written essays, and of course, securing a good GMAT score. If you can check these and submit an application that has the potential to stand out, then applying for Round 1 will be an excellent choice!
Which application round is ideal for international students?
For international students, it is always advisable to apply in Round 1. Applying Round 2 and 3 leaves you with limited time for visa formalities. Additionally, Round 1 offers a higher chance of securing scholarships and financial aid, which can be a critical factor for international applicants who wish to alleviate their financial burden.
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Conclusion
The decision of which round to apply in is a complex strategic choice. Some candidates, particularly those with exceptionally strong profiles and a clear vision of their dream school, adopt an ‘all-in’ strategy, focusing solely on perfecting their Round 1 application. This allows them to maximize their chances at their top choice, leveraging early scholarship opportunities and demonstrating commitment.
Others, facing a more nuanced profile or a desire for security, may opt for a ‘bird-in-hand’ approach. They might target a slightly less competitive school in Round 1 to secure an acceptance, providing a safety net before pursuing their ‘dream’ schools in Round 2. This strategy mitigates risk and offers valuable insights into the application process, potentially strengthening their subsequent applications.
So, is it always better to start applications in Round 1? NO!
While Round 1 has its advantages, if you are aware that some aspects of your application need to be improved, it is always better to take time and apply in Round 2.
Irrespective of when you choose to apply, always remember that submitting a well-crafted application is more important than the Round you choose.
At LilacBuds, we are here to answer your questions about the MBA application process. Schedule an appointment with our experts today and let us get started your stellar career expedition!
