Defer admissions at M7

Hello WallStreetOasis,

I got an acceptance at a non-H/W/S M7 school. Two questions:

  1. If I'm willing to pay a non-refundable deposit for the first year, what are my chances of deferring my admissions for **two **years?
  2. Is there ever a case that my acceptance will be **revoked **should I **ask **for a deferment? The last thing I want is to email them "May I please ask ..." and get back a reply "We have revoked your acceptance"

Background info: To start 2018, I aggressively explored multiple avenues to advance my career. This has resulted in two equally weighted outcomes: the above and a top trading gig. Ideally, I'll do the gig for two years and then business school.

Cheers,
Nijikon

 
Best Response

Nijkon,

I've never heard of a school revoking an acceptance if an applicant respectfully requests a deferral.

Deferrals are very difficult to get and rarely given. They bind the program and not the applicant. Schools know deferrals are usually used for shopping for higher ranked programs. I've never heard of a 2-year deferral (outside of deferred admissions programs like 2+2).

As long as you are courteous, there is no harm in trying, but it might be more effective to write an appreciative note explaining that you just got this dream trading gig and therefore regretfully decline their offer of acceptance at this time, but look forward to applying again as an even stronger candidate in two years.

Linda Abraham President, Accepted | Contact Me | Admissions Consulting
 
okay24:
interested. what are your stats? Maybe that would help sway them?

A notch below 700 GMAT, 3.5 Top 10 US School, Math/Compsci. I think what got me in were: 6 years at 1b HF, allocation to my strat, research collaboration with Prof leading to journal submission, some magazine publications.

Linda Abraham:
Nijkon,

I've never heard of a school revoking an acceptance if an applicant respectfully requests a deferral.

They bind the program and not the applicant. Schools know deferrals are usually used for shopping for higher ranked programs.

Then I would very respectfully request knowing that the odds of it being granted is low. Would it help if I make it clear that I won't be shopping? That's why I'm 100% okay putting down the nonrefundable deposit for the first year of study and even have them take my money if I choose not to attend.

 
Linda Abraham:
A large, non-refundable deposit may help. But something that you wouldn't mind losing if you do ultimately go elsewhere won't have any impact.

Best, Linda

Unlike those making the big bucks here, I think I would mind losing US$70,000. I'm only staking it because I for sure want to attend my dream school, only two years later.

 

Iusto omnis eveniet qui. Et dolore excepturi porro dolores tempore. Numquam sapiente aut eum asperiores. Incidunt eaque harum doloribus id nihil pariatur cumque.

Ipsam pariatur laudantium dolores et magni. Voluptate quaerat vitae nemo fugit voluptas pariatur ullam. Magnam recusandae dolorem facere unde sequi iusto. Nesciunt voluptas saepe autem est quaerat non nulla.

Nesciunt nam nihil repudiandae facere. Non aut ducimus a laudantium. Qui voluptate omnis ut incidunt est saepe non eos. Ratione dolorem deserunt numquam aliquam et sint est. Aut aut consequatur tenetur eum unde. Facere asperiores voluptatem voluptatibus et vero id nam.

Linda Abraham President, Accepted | Contact Me | Admissions Consulting

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
bolo up's picture
bolo up
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”