Round 2 deadlines are closing in and you do not feel ready. Your GMAT score may not be where you had hoped. Your essays feel rushed and not like an accurate representation of your story. But what do you do? Of course you want to apply by round 2 like the majority of MBA applicants, but you know doing so will put you at a disadvantage. The consensus is that the prime application periods are round 1 and round 2. You have had it in your head that you were applying this year though. So what do you do? Should you really consider applying in round 3?
Every year many applicants are faced with a similar dilemma. Round 3 has long been a cautiously avoided application round for most applicants. It is in fact the round where the least spots are typically available so the apprehension has merit. However, there are reasons why an applicant may still want to apply in round 3.
For some candidates, age is a factor. The average age range for most schools is between 26 and 28. If a prospective applicant is well over the average age at a target school then delaying an entire year can raise even more questions for admissions. The older an applicant is, the more they have to prove to admissions that the program can add value to their career.
For other candidates, employment issues present round 3 as a realistic option. Turmoil at work, recently getting fired, or plain old discontentment in a current career path can warrant a last minute application from a candidate. The timeliness of the application round can make round 3 more attractive in atypical situations.
Finally, an impressive set of qualifications can make round 3 and frankly any round attractive to candidates with impressive profiles. Candidates with strong GPAs, GMAT scores, and blue chip resumes can often still be competitive even with the limited spots left in round 3. If the candidate’s application measurables align with or exceed target school class profile numbers then round 3 becomes a realistic option. In situations like this round 3 is not as far fetched as it seemed, and it may even make sense to apply in this round for the truly qualified.
Don’t automatically eliminate round 3 as a potential option as the situations above suggest round 3 may just be your best chance at admissions success.
We wanted to find a way to take out the risk in applying in Round 3 to top MBA programs, so whether you decide to apply in Round 3 or defer to Round 1 next fall, Veritas Prep’s Round 3 Guarantee has you covered every step of the way!
Dozie A. is a Veritas Prep Head Consultant for the Kellogg School of Management at Northwestern University. His specialties include consulting, marketing, and low GPA/GMAT applicants.