You Oughta Know
When should I apply? Chicago Booth uses a standard three-round system, meaning that you may submit your application in any of its three rounds for consideration. However, 90% or more of the class will be filled with the first two rounds of applicants, so we do not encourage you to wait until the final round without compelling circumstances.
Traditional candidates. We mentioned earlier that Booth tends to attract a lot of traditional candidates, and the school is seeking to broaden its appeal. It still admits many students from the management consulting and finance industries, but we encourage you to apply in the first round (assuming you have a strong GMAT score). In a later round, it’s possible that the school may see you as a viable candidate but may have already admitted several other applicants with similar profiles, so it might pass on you to bring greater professional diversity to the class. (Plus, the admissions committee knows you’ve been planning on an MBA since the day you graduated from undergrad, so there’s no reason to delay!)
Applying early vs. applying right. Please note that even though the top schools encourage you to apply in the earliest round possible, this does not mean that you should apply with a rushed application or a mediocre GMAT score. There’s no sense in applying early if you’re just going to be denied. A GMAT score that’s above the school’s average will do more for your candidacy than applying in the first round.