What are my chances for Deferred MBA?
Currently, senior in non-US undergrad with 3.7 GPA , 4 internships (accounting, corp finance, 2x consulting) and a few exec positions/TA roles. Planning on writing GMAT in Jan-Oct, confident that I can get 690+ (I know that's below target MBA average of 730-740).
Before MBA plans: two year position in consulting or corporate finance based on where I place.
After MBA plans: either private equity portfolio management side or consulting position. Maybe entrepreneurial venture.
I have about 7-8 months before apps are due, in that time I'm planning to: write CFA Level 1, write GMAT, maybe go for a 5th internship.
My current deferred MBA Shortlist (**NOT in order of priority):
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Booth School of business
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MIT Sloan School of Management
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Harvard Scholars Program
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Stanford School of Business
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Kellogg School of Management
I know most of these are Top 10 MBAs in North America, and I plan to expand this list with some Top 15 schools as well once I do some research.
Your experience is impressive and your GPA is competitive, but a 690 GMAT isn't really competitive at these programs. Also, most will want to know why do you want the deferred program? What you outline as a career path doesn't require the deferred program as a safety net.
Basically as I see it you'll be competitive in 4-5 years if you can get your GMAT up, but currently the deferred programs are a stretch. You may be interested in a free assessment tool for the deferred MBA: https://www.accepted.com/quiz/mba-deferred-admissions-calculator-quiz . Also check out "No Work Experience. Want MBA. What Should You do?"
I get that a 690 isn't competitive, I'll try aiming for a 730+ through studying in January and writing in October/March. Additionally, I'm still working on answering the Why the Deferred Program, but I agree with your statement, as it is now, I don't require the deferred program. I think you may have misstated and implied that I'm applying to receive a safety net (please correct me if that was not what you meant).
Additionally, I think my plan is to apply to five schools for their deferred programs since it's covered in the cost of the GMAT and then reapply a few years out into my career.
Additionally, if I land a Tier 2 consulting firm full-time offer, would that significantly enhance my application?
FinesseGod,
One of the advantages of the deferred admit programs is that they are a kind of safety net, not just for you, but for all the participants. Those admitted know that they are in at a top MBA program and that gives them a little leeway to experiment professionally prior to the MBA. That don't have to be constantly thinking, "What will adcoms think if I do X?" Let's face it that'a lot of the questions on this forum. I did not mean that to apply exclusively to you and I did not mean it critically or negatively.
A Tier 2 consulting firm is fine. However far more important than the firm's "tier" is your contributions there -- whatever the tier.
Best,
Linda
Try out the GRE instead; I found it to be an easier test (just study vocab instead of weird logic rules). As you stand now I would say you are on par for maybe Darden / Fuqua / Marshall but not M7.
How does the GRE compare to GMAT? I haven't taken either, but I do have some prep material for GMAT.
Use Google to read about the differences. I’d recommend taking a practice test (or two) for each before deciding which to study for. In general, GRE is supposed to be better for those with good reading comprehension / vocab knowledge while GMAT better for math types.
Do you happen to have any resources or insights into T15 schools that offer deferred MBAs?
I'm not sure why so many business schools have made it so confusing. For instance, NYU has a "Berkley Scholars" program where they provide a monetary scholarship available and to apply, you need to be in your final year as an undergraduate student or in Masters. However, they never explicitly outline if it's a deferred MBA/ early acceptance program nor mention if you are admitted into the campus after 2-4 years.
Other universities aside from the Top 10 found whenever you Google "Deferred MBA US" don't clearly specify if they do or don't have it. I'd love to apply to T15, but I'm not sure I'll have the option to.
The Berkley Scholars Program is not a deferred admit program at all. It is for people who want to get their MBA immediately after college. Initially it was grads who want to go into entrepreneurship, but I don't see that now on the site.
Only non-M7 that offers Deferred Admission is UVA Darden (Yale SOM only offers 'Direct' Admission (Yale Silver Scholars)).
Plus, OP, you list in your target deferred MBA programs Kellogg: but Kellogg's deferred is - as of this moment - only for Northwestern undergraduates.
All the other (non-Kellogg) M7 offer Deferred Admission: HBS, GSB, Wharton, Booth, MIT, Columbia (so maybe replace Kellogg with Columbia in your target program list).
For a comprehensive list: https://www.aringo.com/deferred-enrollment-mba-for-candidates-with-litt…
Note: some only offer 'Direct' admission (rather than 'Deferred' (Yale)), others only offer deferred admission to the school's undergraduate population (Kellogg). Be sure to read each school's guidelines.
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