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What round to apply - conflicts among European b-school deadlines
[#permalink]
24 Aug 2020, 14:15
24 Aug 2020, 14:15
1
Kudos
Hi there,
My boyfriend and I plan to apply to European business schools together for September 2021 intake. Our top choice is London Business School, but we are not going to be able to make the Round 1 deadline on September 11 due to our GMAT timeline getting thrown off by Covid-related issues. The deadline for Round 2 is in January, so we will apply for that round. The issue is, we want to apply to other schools too, including Oxford, Cambridge, HEC, INSEAD, and IESE. While we will technically be able to have our applications in by the October/November deadlines for those schools, it appears that if admitted, we will be required to put down a large deposit (around $9000) well before we will hear back from LBS in March. It is not feasible for us to put down that large deposit and throw it away if we are ultimately admitted to LBS. Alternatively, we could wait and apply to those schools in January around the same time that we apply to LBS so that all of our applications are on the same timeline.
We want to apply when we will have the best chance at acceptance - does anybody know if applying in January is detrimental to our chances of being accepted to those schools compared to our chances if we apply this fall, and if so, how detrimental? I cannot find information about acceptance rate by round for these European schools. I know for the US, applying in Round 3 or later is not good, but in the US that means April. Is applying in Round 3 in Europe also bad, even though for many schools, Round 3 is in January? If waiting until the January rounds for Oxford, Cambridge, HEC, INSEAD, and IESE does hinder our chances compared to applying in October or November, is there any possibility of deferring paying a deposit or getting it back if we choose not to go upon acceptance to LBS? It would likely be about 2 months of waiting, which I recognize is a long time. I know this is largely not possible in the states, but I'm wondering if European schools are more relaxed given that they are all on such different timelines and because the deposit is such a large amount of money. Any suggestions would be greatly appreciated!
My boyfriend and I plan to apply to European business schools together for September 2021 intake. Our top choice is London Business School, but we are not going to be able to make the Round 1 deadline on September 11 due to our GMAT timeline getting thrown off by Covid-related issues. The deadline for Round 2 is in January, so we will apply for that round. The issue is, we want to apply to other schools too, including Oxford, Cambridge, HEC, INSEAD, and IESE. While we will technically be able to have our applications in by the October/November deadlines for those schools, it appears that if admitted, we will be required to put down a large deposit (around $9000) well before we will hear back from LBS in March. It is not feasible for us to put down that large deposit and throw it away if we are ultimately admitted to LBS. Alternatively, we could wait and apply to those schools in January around the same time that we apply to LBS so that all of our applications are on the same timeline.
We want to apply when we will have the best chance at acceptance - does anybody know if applying in January is detrimental to our chances of being accepted to those schools compared to our chances if we apply this fall, and if so, how detrimental? I cannot find information about acceptance rate by round for these European schools. I know for the US, applying in Round 3 or later is not good, but in the US that means April. Is applying in Round 3 in Europe also bad, even though for many schools, Round 3 is in January? If waiting until the January rounds for Oxford, Cambridge, HEC, INSEAD, and IESE does hinder our chances compared to applying in October or November, is there any possibility of deferring paying a deposit or getting it back if we choose not to go upon acceptance to LBS? It would likely be about 2 months of waiting, which I recognize is a long time. I know this is largely not possible in the states, but I'm wondering if European schools are more relaxed given that they are all on such different timelines and because the deposit is such a large amount of money. Any suggestions would be greatly appreciated!
Intern
Joined: 22 Aug 2020
Posts: 8
Given Kudos: 9
Location: India
GMAT 1: 710 Q49 V37
GPA: 3.5
Re: What round to apply - conflicts among European b-school deadlines
[#permalink]
26 Aug 2020, 05:42
26 Aug 2020, 05:42
similar question here. bump
Intern
Joined: 03 Apr 2018
Posts: 35
Given Kudos: 2
Location: United Kingdom
GPA: 3.92
Re: What round to apply - conflicts among European b-school deadlines
[#permalink]
26 Aug 2020, 12:06
26 Aug 2020, 12:06
1
Kudos
MaddyK9 wrote:
Hi there,
My boyfriend and I plan to apply to European business schools together for September 2021 intake. Our top choice is London Business School, but we are not going to be able to make the Round 1 deadline on September 11 due to our GMAT timeline getting thrown off by Covid-related issues. The deadline for Round 2 is in January, so we will apply for that round. The issue is, we want to apply to other schools too, including Oxford, Cambridge, HEC, INSEAD, and IESE. While we will technically be able to have our applications in by the October/November deadlines for those schools, it appears that if admitted, we will be required to put down a large deposit (around $9000) well before we will hear back from LBS in March. It is not feasible for us to put down that large deposit and throw it away if we are ultimately admitted to LBS. Alternatively, we could wait and apply to those schools in January around the same time that we apply to LBS so that all of our applications are on the same timeline.
We want to apply when we will have the best chance at acceptance - does anybody know if applying in January is detrimental to our chances of being accepted to those schools compared to our chances if we apply this fall, and if so, how detrimental? I cannot find information about acceptance rate by round for these European schools. I know for the US, applying in Round 3 or later is not good, but in the US that means April. Is applying in Round 3 in Europe also bad, even though for many schools, Round 3 is in January? If waiting until the January rounds for Oxford, Cambridge, HEC, INSEAD, and IESE does hinder our chances compared to applying in October or November, is there any possibility of deferring paying a deposit or getting it back if we choose not to go upon acceptance to LBS? It would likely be about 2 months of waiting, which I recognize is a long time. I know this is largely not possible in the states, but I'm wondering if European schools are more relaxed given that they are all on such different timelines and because the deposit is such a large amount of money. Any suggestions would be greatly appreciated!
My boyfriend and I plan to apply to European business schools together for September 2021 intake. Our top choice is London Business School, but we are not going to be able to make the Round 1 deadline on September 11 due to our GMAT timeline getting thrown off by Covid-related issues. The deadline for Round 2 is in January, so we will apply for that round. The issue is, we want to apply to other schools too, including Oxford, Cambridge, HEC, INSEAD, and IESE. While we will technically be able to have our applications in by the October/November deadlines for those schools, it appears that if admitted, we will be required to put down a large deposit (around $9000) well before we will hear back from LBS in March. It is not feasible for us to put down that large deposit and throw it away if we are ultimately admitted to LBS. Alternatively, we could wait and apply to those schools in January around the same time that we apply to LBS so that all of our applications are on the same timeline.
We want to apply when we will have the best chance at acceptance - does anybody know if applying in January is detrimental to our chances of being accepted to those schools compared to our chances if we apply this fall, and if so, how detrimental? I cannot find information about acceptance rate by round for these European schools. I know for the US, applying in Round 3 or later is not good, but in the US that means April. Is applying in Round 3 in Europe also bad, even though for many schools, Round 3 is in January? If waiting until the January rounds for Oxford, Cambridge, HEC, INSEAD, and IESE does hinder our chances compared to applying in October or November, is there any possibility of deferring paying a deposit or getting it back if we choose not to go upon acceptance to LBS? It would likely be about 2 months of waiting, which I recognize is a long time. I know this is largely not possible in the states, but I'm wondering if European schools are more relaxed given that they are all on such different timelines and because the deposit is such a large amount of money. Any suggestions would be greatly appreciated!
Hi Maddy,
Current MBA student here, was in your position 2 years ago.
For all the schools you picked, round 1 and 2 both have equally have high of a chance of acceptance (around 70-80% after you finish the interviews). When you get to round 3 however the chances significantly falls to 30-40% post interview based on the stats in my current class (unsure of stats to get the interview). That said these statistics may be more skewed due to COVID and an increase in the number of students applying for MBA programs.
You are correct in your analysis that forgoing a large proportion of the deposit is not the best decision but most schools should have a bit of flexibility for when the deposit is paid. Once yo get an offer, you will have upwards of 2 weeks to accept and pay the deposit and in some instances it could be pushed forward for students with financial difficulty. I haven't heard of anyone getting back their deposits unfortunately.
If LBS is your dream school and you can only apply in January, there would be value in applying for the other schools around the same timeframe. If your application is strong enough and you apply in round 3, it wouldn't significantly affect your chances. It would give you more time to shore-up your applications for all the schools and ensure that you put your best foot forward and don't have the dilemma to forgo the deposit. (again COVID may affect this so do take with a grain of salt).
