Find all School-related info fast with the new School-Specific MBA Forum

It is currently 01 Aug 2014, 23:17

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

Various Admissions Questions

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
Intern
Intern
avatar
Joined: 15 Feb 2014
Posts: 21
Followers: 0

Kudos [?]: 1 [0], given: 0

Various Admissions Questions [#permalink] New post 16 Feb 2014, 19:51
I have a lot of questions about this process. I really appreciate any answers you can provide!

1. Many top schools (i.e. Harvard) say deferred admission is considered on a case by case basis. Would my startup succeeding be a strong case for deferral?
2. Up until what approximate date would I be able to put in a request for deferral with a decent possibility of it being granted?
3. What top MBA programs allow you to defer your admission?
4. If accepted to an MBA program, what will be my appx. decision deadline on whether or not to attend?
5. At what point does your age start making it less likely you'd be admitted to a top MBA program?
6. What schools will waive application fees for low-income prospective students?
7. What schools offer the possibility of full-tuition scholarship/fellowship?
8. How much will I hurt my chances of being accepted to a top MBA program if I take the next two years off to backpack the world? (My profile is provided below)

Experience:
- Brand Manager at top 3 Food & Beverage CPG (first ever hire out of undergrad, given prominent, exclusive award while there), had very high responsibility and a significant promotion
- Started seed funded tech startup that may be about to fail (attended startup accelerator)

Tests:
Have not taken yet. Aced all undergrad admissions tests, and I expect similarish results.

Education:
3.5 GPA from an Ivy League (Government major, had departmental honors)

Extra-curriculars:
- #3 position in student government in undergrad
- Captain of club sports team
- Fraternity board member
- Co-founded affinity group at CPG company

Awards:
- Received USA's highest award for youth while in undergrad

Target Programs:
Harvard, Stanford, Haas, Sloan, Olin (if receive full fellowship)

When to Apply:
R3 2013/2014
I am currently 27.

Post-MBA Goal:
Top consulting firm, eventually ending up in non-profits (non-profit specialty at MBA program)
Expert Post
Veritas Prep Admissions Consultant
User avatar
Affiliations: Veritas Prep
Joined: 25 Jul 2010
Posts: 1319
Followers: 34

Kudos [?]: 125 [0], given: 3

GMAT Tests User
Re: Various Admissions Questions [#permalink] New post 01 Mar 2014, 19:30
Expert's post
1. Many top schools (i.e. Harvard) say deferred admission is considered on a case by case basis. Would my startup succeeding be a strong case for deferral?

Certainly could be, yes. This is stronger than personal reasons for sure.

2. Up until what approximate date would I be able to put in a request for deferral with a decent possibility of it being granted?

This is really tough to say. Best to reach out to them directly once deferral is on the table.

3. What top MBA programs allow you to defer your admission?

Most any program will consider it, but granting it is generally case by case as with HBS.

4. If accepted to an MBA program, what will be my appx. decision deadline on whether or not to attend?

They each give you a deposit deadline which is generally in the Spring (April-June timeframe). After that, if you choose not to attend you forfeit your deposit is all.

5. At what point does your age start making it less likely you'd be admitted to a top MBA program?

HBS and Stanford are notorious for targeting students under 29. Other programs regularly take in students in their early 30's, so it depends on the program.

6. What schools will waive application fees for low-income prospective students?

Most of the top schools have an application fee waiver process which can be found on their website. If you don't see it, you can reach out to schools directly and ask.

7. What schools offer the possibility of full-tuition scholarship/fellowship?

All schools have at least some merit based financial aid which is used as incentive for students to attend.

8. How much will I hurt my chances of being accepted to a top MBA program if I take the next two years off to backpack the world? (My profile is provided below)

Well, if you do this, you certainly shouldn't expect them to defer your admission for it. Taking a two year vacation early in your career would likely not bode well for you from an ambition standpoint, unless of course you are independently wealthy, or just sold your company etc. then go for it.
_________________

Bryant Michaels
Veritas Prep | Admissions Consultant

Enroll now. Pay later. Take advantage of Veritas Prep's flexible payment plan options.

Veritas Prep Reviews

    Similar topics Author Replies Last post
Similar
Topics:
Various Admissions Questions jmj8778 0 16 Feb 2014, 19:54
Various Admissions Questions jmj8778 0 16 Feb 2014, 19:53
Experts publish their posts in the topic Various Admissions Questions jmj8778 1 16 Feb 2014, 19:53
Experts publish their posts in the topic Various Admissions Questions jmj8778 3 16 Feb 2014, 19:53
Experts publish their posts in the topic Various Admissions Questions jmj8778 1 16 Feb 2014, 19:52
Display posts from previous: Sort by

Various Admissions Questions

  Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.