Thanks for this thread. I'm in the middle of my GMAT prep. Plan to take it when I'm visiting the states in June. GMAT is getting ALL my intention until then. I hope to be done with GMAT after that, and I then transition and put all my force into Applications. I really want to apply a good 3 weeks before R1 to all of my schools. (That's my plan for now at least).
Some tips to those who are planning to apply in Fall 2014 and are thinking about it now.
1)Start taking notes about the things you are doing at work in your community. Keep a notebook. Whenever things happen, you contribute something, you learn, you grow. Write it down. It will come in handy when it's time to write your essays in the fall. You wont have to kill yourself trying to remember details.
2)If you are weak in an area, say community service, START NOW. Generally, we know what the colleges look for academics, GPA, classes, degree, we can't change. GMAT you can use to your advantage, you can "master it" to show your intellect. If you are weak in community service, for example. Start doing something now. It will look better if you have only 5 months of community service vs. none at all.
3) DON'T wait until the last minute. If you can focus on GMAT and get it out of the way early (by July, let's say), that'd be great. That way you could completely focus 100% on applications for a few months ideally july, august, september) And be 100% ready for round one, where, if you are a qualified candidate, there are more spaces available.
Thanks for starting this discussion!