Deferred MBA admission is harder than the regular round. Here's why you still might want it.
There is a version of MBA admissions that happens while you are still in college, and almost nobody knows it exists.
It is called deferred admission. You apply in the spring of your final year, before you have worked a single day. If you get in, that school, for example, Harvard, Stanford, Wharton, or Booth will hold your seat while you go work for two to five years. Then you enroll and begin the MBA.
Here's what most people miss: it is not the easy way in. Harvard's 2+2 admits roughly 5 to 9% of applicants. The regular round admits 9 to 11%. Fewer seats, and a pool that skews toward applicants with GMATs above 655 and GPAs near 3.8.
So why do it? Not for the seat. For what the seat does to your 20s. With a guaranteed place waiting, you can join the four-person startup, take the job at a company nobody has heard of, or start something yourself and watch it fail. The seat buys you permission to take real risks.
If you are a college senior or final-year master's student, deadlines usually land in April. If you are a college junior, take the GMAT or GRE now while you are still in study mode. Scores are good for five years.
Once you graduate, this door closes.
I walk through all of it, including the Yale Silver Scholars catch and the annual fee for a deferred MBA, in this week's video.
Watch it β HERE.
Thatβs it for this week.
Keep showing up, keep cheering each other on β and as always, happy applying! π
Caitlin Andersen
Admissions Coach & Oxford MBA