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afyl128
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Honestly, there's probably not a whole lot of round 3-friendly schools. Even if you did something extraordinary, you wouldn't know if that has already been duplicated in one of the earlier rounds. Besides that, you would still have to have the numbers (i.e. GMAT and GPA) and work experience to shoot for any schools. Your best chance is to probably just apply to where you want to go and hope for the best; another bet is to wait just a few more months for a fresh round 1'ers.
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Ya, maybe a better question is which schools are reapplicant friendly. I mean, if you already have the recommenders lined up, GMAT scores, essays being written, then why not just apply and see what happens. Worst case you're denied but you've had a massive head start so you can re-apply early.
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yep, I agree with VictoryMBA. One last comment on this on my end is that instead of thinking about round 3-friendly schools being the driver to where you're applying, you should really be thinking about where you want to go that aligns with your post-MBA goals. Your end goal should be the lever that you use to determine what schools to apply, not who are the round 3-friendly schools.
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thanks for the replies

so what schools are considered to be reapplicant friendly?

I'm from a pretty traditional finance background, but I really do want to start this year for personal reasons.
I guess I am hoping that some schools considered as second choice or safeties for some get lower rates of accepted offers
(from the candidate side) and therefore there are more opportunities for a 3rd round application.
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Look for a school that has a round of decisions in the March time frame, but also a round after that. For example, CMU has a March 7th round and another in April.

Chances are pretty slim across the board though, especially at schools in the top 15.
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afyl128
thanks for the replies

so what schools are considered to be reapplicant friendly?

I'm from a pretty traditional finance background, but I really do want to start this year for personal reasons.
I guess I am hoping that some schools considered as second choice or safeties for some get lower rates of accepted offers
(from the candidate side) and therefore there are more opportunities for a 3rd round application.

The reapplicant question is a very good point. If you're looking ahead to applying R1 (or ED) following an R3 ding, the time difference is a matter of months. Every reapplicant application asks you to explain how your candidacy has improved, which is pretty tough to do when that little time has passed (I ran into this issue with CBS).

I don't know which schools are considered more reapplicant friendly, but you don't bear this risk with schools for which you do a fresh app even if you've applied before. The only school I know of like this is HBS, but there are probably others as I've only researched a handful of schools. The other piece of advice would be that if you do apply R3 this year, aim for schools you're comfortable applying R2 next year. You'll have more development time to discuss in your reapp essay.
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You should also consider looking at European schools if you're not committed on staying in the US - they tend to have at least 4 deadlines and a little more leniency than US schools for later rounds. IESE actually has 7 rounds going all the way up to the summer.
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afyl128
thanks for the replies

so what schools are considered to be reapplicant friendly?

I'm from a pretty traditional finance background, but I really do want to start this year for personal reasons.
I guess I am hoping that some schools considered as second choice or safeties for some get lower rates of accepted offers
(from the candidate side) and therefore there are more opportunities for a 3rd round application.

afyl128, can you share your profile? Over the past few years, I know two GSB admits and one HBS admit in R3. They were all from traditional finance backgrounds (as am I) and very strong applicants. I wouldn't rule them out if you're set on starting this fall.

If I don't get into GSB or HBS R2, I'm planning to apply to Wharton and Booth R3 (I'm pretty determined to start this fall too). My reasoning is that they love traditional finance applicants so I stand a better chance there vs. elsewhere. I'm not basing this on R1/R2 yield data because every school manages their yield rigorously - I know applicants who were rejected from Haas and CBS who got into much better schools - and I'm guessing the main reason for this is yield management.
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I agree with VictoryMBA. In the later rounds it's about assembling a well-rounded class, so that's where specific backgrounds and skill sets come into play. If you are from an oversubscribed demographic, you want to avoid applying in the late rounds regardless of the school. That being said there are schools with final rounds in mid/late spring. Olin comes to mind.