MBA Round 2 – Is it Worth it?
If you missed applying to your most preferred business school in Round 1, don’t lose hope. You can always apply in a few months in Round 2. And while you may think that applying in Round 2 will negatively impact your chances of admission, the reality is that Round 2 is a great option. Here’s all you need to know about the rounds and how they affect your chances.
Almost all competitive business schools in the US have at least three rounds, with a few exceptions like Harvard Business School, which only has two. Most applicants apply in Round 1, however, did you know that there is no difference between the acceptance rates of Round 1 and Round 2? There is a common misconception that admissions officers differentiate between rounds, but they don’t! However, if you are planning on applying in Round 3, it is advisable only to do so if you have no other options. It might make sense for you to wait until next year, as the acceptance rate in this round is very low. This is also true for Canadian business schools.
So now that you are clear that there is no difference between Round 1 and Round 2, think of these additional months as bonus time to perfect your application. You have already completed the hardest part of the process, which is starting your application and reflecting on your goals and motivations. Now is the time to tackle what’s left. Speak to current students and alumni of each school, learn more about each programme, visit the campus if you can and even reevaluate your school list. If your GMAT/GRE score was lower than what you expected, retake it and reach out to recommenders, who may not have been free when you were applying in Round 1.
In contrast to the US and Canada, most business schools in Europe, Singapore and other parts of the world, typically have multiple rounds of admissions. The deadlines are usually every month, or every couple of months, so you have some flexibility to plan your applications. Some of these schools include London Business School, Oxford University and the University of Cambridge in the UK, INSEAD and HEC Paris in France, IMD in Switzerland, Erasmus University Rotterdam in The Netherlands and IESE Business School and ESADE in Spain. Also, some schools like Columbia University in the US, IE University in Spain and the University of Mannheim in Germany have rolling deadlines. This means that you can apply as and when you are ready and even get your interview invites and decisions within a month of applying.
Applying in Round 2 does not change anything; you still have a great chance of admission to your dream school. Remember, that applying at the right time with a strong application matters more than a rushed application in Round 1, so buckle down and start putting the finishing touches on your applications. If you need some assistance with the MBA application process, read our 9-step guide to MBA applications here or get in touch with us for any other questions.