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11 Apr 2011, 06:28
Kudos
Bookmarks
Hi Folks,
I am planning to start applying to B Schools from R1 this Oct. I am targetting the top 20 B Schools in the US and Competetive 2 yr programmes in the UK.
I have read many blogs that advise to hold back from applying to our Dream Schools, say Top 10 schools, till R2. After the rigours of R1 essays, we tend to do improve and by R2 we are in a better position to write good essays and we tend to have a better shot at our dream schools in R2 rather than R1.
I find the above suggestions practical, but, If I apply to a school in R1(Lets say, its not my dream school) and I get admitted by end of R1. Then I start applying in R2 for my dream schools, will I be required to pay any deposit to hold onto my R1 seat in the earlier school? If yes, whats the amount like? So if I pay the amount, I am sure it will be non-refundable...right???? Do they give us any time limit within which we need to make up our mind on paying the deposit or declining the admission??
Next, the chances of landing up with some $$, is it the same for both the rounds R1&R2?? Or the chances of getting some $$ is more in R1??
Looking forward for some tips form you folks out there!!!
Regards
I am planning to start applying to B Schools from R1 this Oct. I am targetting the top 20 B Schools in the US and Competetive 2 yr programmes in the UK.
I have read many blogs that advise to hold back from applying to our Dream Schools, say Top 10 schools, till R2. After the rigours of R1 essays, we tend to do improve and by R2 we are in a better position to write good essays and we tend to have a better shot at our dream schools in R2 rather than R1.
I find the above suggestions practical, but, If I apply to a school in R1(Lets say, its not my dream school) and I get admitted by end of R1. Then I start applying in R2 for my dream schools, will I be required to pay any deposit to hold onto my R1 seat in the earlier school? If yes, whats the amount like? So if I pay the amount, I am sure it will be non-refundable...right???? Do they give us any time limit within which we need to make up our mind on paying the deposit or declining the admission??
Next, the chances of landing up with some $$, is it the same for both the rounds R1&R2?? Or the chances of getting some $$ is more in R1??
Looking forward for some tips form you folks out there!!!
Regards
16 Apr 2011, 06:01
Kudos
Bookmarks
Generally speaking I would apply as soon as you are ready and by ready, expect to put a substantial amount of time into your essays. Given that you've completed your GMAT, which many students tend to be doing over the summer and fall, you are further along than most of the applicants to whom that advice is given. This could be different if you're applying to a lot of schools and would need to compromise quality to just get them all out for Round 1.
You do need to put down a deposit, usually $2k-$3k and it's non-refundable but for round 1 I think you typically get a few months to think things through.
Also on the Round 1/Round 2 debate people also say to apply Round 2 because it's less competitive. That makes little sense unless you presume that schools have a quota for rounds which they generally do not. As a result of there being more qualified students in the first round, there will be that fewer number of slots in the second round.
You do need to put down a deposit, usually $2k-$3k and it's non-refundable but for round 1 I think you typically get a few months to think things through.
Also on the Round 1/Round 2 debate people also say to apply Round 2 because it's less competitive. That makes little sense unless you presume that schools have a quota for rounds which they generally do not. As a result of there being more qualified students in the first round, there will be that fewer number of slots in the second round.
16 Apr 2011, 06:28
Kudos
Bookmarks
MBAFingersCrossed
Thanks a ton pal for the advice. I am more confused though after reading your post.
.R1 being more competitive is news for me!!! But it makes sense, many of the re-applicants are bound to apply in R1. But I reckon many applicants also sit down during the Christmas break and put down some good essays. Nevertheless, thanks for the advice. I am planing to take the advice of a couple of admission consultants and will decide soon.I am retaking my GMAT on June 25th to cross the 700 barrier.
regards
