MBA questions, deposit amounts etc
Can I refuse an interview without adverse impact? I dont want to do more than 4 in total during my entire process even if invited for more.
2 rounds of deposits? dont understand this, and where the re vera check fits into this? any other consideraitons with schools and different rounds that can get especially tricky?
3. For the following schools anyone know the deposits off the top of their heads (i guess the first round of deposits)?
stanford (6k YIKES!) wharton mit tepper wash foster
4.I have been out of undergrad for 5 years. I never saw wash foster tepper esepcially and sloan at the top of recruiting for tech or other schools. now they compete with the best? is this temporary until the tech bubble bursts? or the real deal? Can these schools really compete long term?
If you're not interested enough for an interview, don't waste your time applying in the first round. This is why having three rounds is useful if you get started early. You're not getting into an M7 if you blow off your interview.
Many schools do offer local alumni interviews if its difficult to get to your home campus. They're more variable in terms of results (because they're not as ingrained with the school's adcom culture) but take advantage.
Two rounds of deposits gives you a chance to back out if you change your mind at lower cost. It also is helpful if you're waitlisted at say MIT but get in to Tepper. You can put your first deposit down at Tepper to hold your spot, then wait until the second deadline to see if you get off the waitlist.
The other M7 programs (HBS, Booth, Kellogg, Columbia) are all better tech targets than Tepper and Foster. Haas is also a solid west coast option. Why Foster over UCLA?
Sloan, Booth, Kellogg, HBS, Stanford, Columbia, Haas, Wharton are all amongst the best for tech recruiting. It's easy to track the salary reports to see the numbers.
by percentage of class going into tech tepper and foster beat out all those schools
also still confused what each round of deposits purpose is?
Yes but the opportunities are not equal. I guarantee you that at least the M7 schools (HBS/Booth/Kellogg/Columbia in addition to Wharton/Stanford/MIT) dominate Tepper and Foster in the number of higher quality opportunities available.
Also, there is some self selection. There are a lot more people at an M7 that have no interest in tech than at Foster. But you won't be competing with them. There's a reason that schools like Foster don't post exact numbers from their top employers in their salary reports. Also, their $113k average salary for tech roles compared to $125k from Booth/Kellogg is pretty significant, as it indicates that they either have a larger shift towards lower paying firms or towards lower paying roles/groups within the companies (or that negotiation power is higher for top schools).
I'm not sure what is confusing about it. Rather than make you pay the whole deposit up front they let you wait to pay some of it. I'm sure they'll take all the money right away if you insisit.
OP are you saying that you could possibly decline an interview yet still gain acceptance to a school? There's no way.
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