I'm planning to apply for Oxford/Cambridge. I'll be applying for next year's R1, but I'm also considering taking a shot with R3/R4 of this year.
If I apply this year, my applications would be rushed, and I'll have less career development than with next year's applications. This combined with the R3/R4 app means I would have a much lower chance of getting in this year.
So I have 3 questions:
1) If I take a shot this year and am rejected from both schools, would that have a negative, positive, or no impact on my application for next year?
2) Would I have a chance to redo the applications from scratch, or would the second applications be 'explain what's changed from last time you applied'?
3) Would applying late have a big impact on scholarship potential?
-My profile is here: t74960-profile-evaluation-please-canadian
-My final GMAT score was 750 (Q50 V41 AWA5.5).