Round 3 is definitely not going to be business as usual this year.
In the past, Round 3 of MBA admissions has rarely been a truly great option. It is well known that by the time Round 3 happens, the available seats in MBA classes are fewer and scholarships are scarce.
But Round 3 has always been an option for exceptionally candidates.
And this year there might be more exceptions – the tech layoffs will bring more strong professionals into the MBA application pipeline. That may not be a very large number but the schools are clearly ready to welcome them with extended deadlines and accommodations such as test waivers or a simplified admissions process.
The key is to keep in mind that this does not mean candidates who hastily put together an MBA application will have a strong chance.
If you have decided to try your luck in Round 3, you need to make sure you are not solely relying on luck. Your biggest challenge will be creating a cohesive and compelling MBA story and doing it on a much more condensed timeline than your peers who applied in R1 and R2 - the ones you will be compared to, even though they were already admitted and are not your "immediate" competition as a Round 3 candidate.
So how to do that well?
I have a unique (and free!) framework, based on my years of experience as head of MBA admissions turned MBA strategist that supports highly aspirational MBA candidates.
And if you still have question after you work through the exercise? Ask away! This is what this forum is for!
Onwards and upwards,
Petia