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Sep 2801:00 PM EDT
-02:00 PM EDT
We will highlight what Round 2 applicants should consider when evaluating their MBA profiles, including overall profile strength, target school selection, and how to build a realistic and well-balanced MBA shortlist.
Oct 0107:00 AM BST
-08:00 AM GMT
Welcome to the GMAT Club's Free Interview Prep Event for Top MBA Programs! Buy tickets - Virtual series that’s all set to equip you to -excel in your MBA interviews.
Oct 0109:00 PM IST
-10:00 PM IST
R1 is closed, R3&4 get harder. R2 is still a real strong shot at INSEAD's Sep’2027 intake. Join our Free webinar to build a competitive R2 application worth submitting, led by an INSEAD alum and a Harvard Masters admit.
Oct 0402:00 PM EDT
-03:00 PM EDT
Starting at $975 and offering up to $545 of savings, our new Amplify Hourly Packages offer structure and support in certain high-value areas (story development, resume, essays, interviewing) to help get your applications across the finish line.
10 Mar 2009, 13:33
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Figured I'd pick people's brains on this.
With deposit deadlines coming up and a lot of schools keeping people on waitlists, it seems like a very real possibility that a bunch of us will be in the following position:
School A accepts you, and wants a say $2K deposit by mid-April
School B waitlists you, but is a little more desirable for you than School A
Not taking chances you pay the deposit in April for School A, and lo and behold come June you are admitted off the WL to school B. Would you instantly change course to school B, money be damned, or could the fact that youve already invested $$ into school A make a difference if the schools aren't that different?
As of now my gut still says School B. After all its only about 1-5% of your total MBA cost and if there's one cardinal rule I learned from playing poker, lots of bad decisions can be made from the 'well I already invested in this, can't turn back now' angle. But I still have yet to fork over a deposit!
What do others think? What if you've paid more than just a couple Gs?
With deposit deadlines coming up and a lot of schools keeping people on waitlists, it seems like a very real possibility that a bunch of us will be in the following position:
School A accepts you, and wants a say $2K deposit by mid-April
School B waitlists you, but is a little more desirable for you than School A
Not taking chances you pay the deposit in April for School A, and lo and behold come June you are admitted off the WL to school B. Would you instantly change course to school B, money be damned, or could the fact that youve already invested $$ into school A make a difference if the schools aren't that different?
As of now my gut still says School B. After all its only about 1-5% of your total MBA cost and if there's one cardinal rule I learned from playing poker, lots of bad decisions can be made from the 'well I already invested in this, can't turn back now' angle. But I still have yet to fork over a deposit!
What do others think? What if you've paid more than just a couple Gs?
10 Mar 2009, 13:47
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I'm in this spot 
I'm going to be paying the deposit for a school fairly soon, and then if I get off the waitlist for my top choice, I will most likely be going there. That's assuming that neither school gives me significant financial aid. I figure in the grand scheme of things, I'm willing to pay an extra 1k to go to my top choice school.
I'm going to be paying the deposit for a school fairly soon, and then if I get off the waitlist for my top choice, I will most likely be going there. That's assuming that neither school gives me significant financial aid. I figure in the grand scheme of things, I'm willing to pay an extra 1k to go to my top choice school.
10 Mar 2009, 13:58
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Bostonsparky, I think the 1-3K is not relevant in the grand scheme. Duke vs Wharton for 2K ? No brainer
I don't think that the sunk cost should affect your decision. I look the deposit as an option you have on the school, you can exercise it if you want to go there but if there is another school you would like to attend , you let it expire and go to the other school.
I don't think that the sunk cost should affect your decision. I look the deposit as an option you have on the school, you can exercise it if you want to go there but if there is another school you would like to attend , you let it expire and go to the other school.
10 Mar 2009, 16:33
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Say in additional to the deposit you didn’t find out from your waitlist school until July and you had already put in a deposit for your new apartment. Now we’re talking about deposit plus backing out of an apartment contract you haven’t even lived in (not sure how much the penalty would be 1-2 month rent?) or say if you get in even later- August and you’re ready to move into the new apartment when your top choice lets you know- what would you do? Go to top choice and scramble to find a place to live at the last minute?
