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?"
THE ANSWER TO THIS QUESTION DEPENDS LARGELY ON THREE FACTORS.
I've been having this conversation a lot lately with individual clients, so I thought I'd take it out wide.
Basically, the idea is that Round 2 might be offering a slight advantage, based on theories of market inefficiencies and so forth. For years, I would say the prevailing belief is that Round 1 is the best round in which to apply to business and while there is no hard-core evidence to suggest otherwise, some common sense and deduction may point to a different result. So let's quickly run this down.
Today is one of those days on the calendar that tend to stop everyone in their tracks and dominate the headlines. Nevermind that the Kellogg Round 1 deadline is tomorrow or that some people found out today that they were admitted to MIT - no, it's all about the HBS Round 1 notification deadline. Interview or ding? Rather, interview or ding or deferral, as that appears to be a popular option this year as well. Let's make sense of things and offer some advice on how to respond from here. We'll group it result-by-result.