The common myth surrounding Round 3 of the MBA application process is that you can't, or shouldn't, apply late in the admission cycle. "The class is pretty much full" is one refrain. "You have to be a truly unique applicant" is another. "Only European programs admit people that late" is yet another. As with anything, there are bits of truth in these sound bites ... but only bits.
As we move through the winter months and host calls with b-school candidates for the upcoming cycle, it's interesting to note that some admissions questions come up a lot more this time of year than they do later. We are going to try to use that as a cue to address these types of issues and concerns here on the blog - and we are starting with a very common question this far out from the process, which is "what round should I apply in?"