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 should consider applying in Round 3.
1. Many schools have strong Round 3 acceptance rates.
Think you have no chance getting in if you apply Round 3? Think again! Admissions officers at Harvard (HBS), Stanford GSB, Wharton and across the top-tier MBA programs have openly stated that they would simply eliminate Round 3 if they did not consistently admit candidates from the final round. Harvard Business School’s former Director of Admissions, Dee Leopold, offers this: “We always conclude that we like Round 3 enough to keep it as an option. Although we have admitted about 90% of the class by this time, we always – ALWAYS – see enough interesting Round 3 applicants to want to do it again.”
Schools with relatively higher acceptance rates of Round 3 applicants include Cornell Johnson, UNC Kenan-Flagler, Carnegie Mellon Tepper, Emory Goizueta and Georgetown McDonough, according to data provided by MBA Data Guru. If you apply to schools outside of the top 15 MBA programs you are more likely to be accepted in Round 3.
2. There were extenuating circumstances which prevented you from applying in an earlier round.
Some applicants have extenuating circumstances that prevented them from applying in an earlier round. Admissions Officers will certainly keep this in mind while reviewing your Round 3 application, so feel free to include legitimate circumstances in your optional essay. This might include an overseas military deployment, atypical professional obligations such as working on a political campaign, or other circumstances where it is easy for the admissions officer to see that submitting an earlier application would have been nearly impossible. Do not feel an obligation to list an excuse for applying in Round 3, but if you have extenuating circumstances you may include them. Our Veritas Prep consultants can help you determine whether to mention a possible extenuating circumstance in your application or leave it off.
3. You’re a stellar applicant with a stellar application.
Round 3 partly gets a bad reputation from those applicants who throw together their applications at the last minute (rather than having to wait eight months before applying in next year’s admissions cycle) and end up getting rejected. “See,” they say, “I knew I wouldn’t get in. Round 3 is impossible.” But Round 3 wasn’t the problem… their applications were what held them back.
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.
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 postpone to Round 1 in the fall, Veritas Prep’s Round 3 Guarantee has you covered every step of the way!