Part One of our series about applying to business school in Round Three, today we look at a couple of other factors to consider when planning your Round Three admissions strategy.
Another key consideration is the business school to which you’re applying. Schools vary greatly in how they approach Round Three. While some are upfront about the fact that seats go fast and there aren’t many left in Round Three, others (such as UCLA Anderson) make a point of holding seats for the last round, knowing that there will still be many great applicants applying then.
According to Anderson’s MBA Insider’s Blog:
This is the time of year when, every time the phone rings here at Veritas Prep HQ, there’s a good chance it’s an applicant calling to ask us if he should apply to business school in the third admissions round, or if he should wait until next year. The answer, as is the answer for most things in life, is “It depends.”
We were a little surprised to see Stanford GSB’s Derrick Bolton post a message on Stanford’s blog last week encouraging anyone who’s on the fence to pull the trigger and apply to Stanford in this year’s Round Three. Could it be that the slow economy has hurt Stanford’s numbers? Could Stanford really need applicants this year?
Probably not. It’s doubtful that a school such as Stanford needs more applicants, or that the school’s yield has dropped much vs. previous years. What is true, though, is that Stanford’s Round 3 admissions deadline this year (April 8) is nearly three weeks later than last year’s, and no top business school has a Round 3 deadline nearly as late as Stanford’s. (Visit out site for a list of all business school admissions deadlines.) We’re not sure of Stanford’s reasons for this change, but it could be that Stanford made this move to snag a few extra top-tier candidates that HBS and Wharton, etc., may miss out on because of their earlier R3 deadlines. Now that Stanford is the last top school with its doors still open for 2008-2009 applicants, perhaps Bolton has so far been underwhelmed by the number (and quality?) of applicants that this strategy has brought in.