So you want to apply for an MBA program that starts this fall, but the only deadline remaining is the last one. You’ve heard that applying during the final round is a waste of time and that your chances of being admitted are slim, especially if you’re an international student. And even if you do get admitted, you’ll need scholarship money in order to afford the cost of the two-year program, but scholarships aren’t usually offered in the last round, so it’s a moot point anyway….right?
Well, I don’t want to burst your bubble entirely, so I won’t. There is some truth that goes along with the bad reputation of the final round. Historically, yes, there typically aren’t as many admission’s offers extended during the last application deadline as there are in prior rounds. However, that doesn’t mean you don’t have a chance of admission in the last MBA application deadline. Here are five reasons UNC Kenan-Flagler Admissions offers you to consider applying in the final round:
- Fewer applicants apply in the fourth round, so while the number of total offers extended during this round might be lower, the admission rate (the percentage of applicants admitted) may be just as high as in the earlier rounds.
- By the time the final round deadline arrives, we already know which of the previously admitted applicants have decided to enroll. We can begin to see what the first-year class is going to look like and sometimes, the class will need some balancing. It is from that final application deadline that we are able to bring the final balance to our class. Say, for example, that we have a plethora of students coming from marketing backgrounds and relatively fewer from investment banking; if you have worked in I-banking and are applying during the last round, your chances could be higher. A diverse class of students from different former job functions, different geographic locations and different career aspirations makes the already phenomenal learning environment at UNC Kenan-Flagler that much better. What that means for you as a potential fourth round applicant is that it’s about being in the right place at the right time. We can’t predict what our class will look like once we reach the final round of applicants, but it is quite possible that we might be looking for a student with a profile identical to yours and that your chance of admission in the last MBA application round is high.
- Even if you’re an international student, this last round shouldn’t seem out of reach for you. Almost every international student admitted during the fourth round who accepted the offer quickly has been able to complete the steps for a student visa and move here before the start of classes. Most are also able to relocate here in time for one of the summer Analytic Skills Workshops.
- While most of our merit fellowship funds are usually awarded in the earlier rounds, we reserve some funds for those exceptionally strong candidates applying the final round.
- Finally, if you submit your strongest application to the admissions committee during the final round and are not admitted, you’re on our radar for the next application season. Applying during the last round and getting denied generally will not hurt any future applications you submit. If you apply again the following year, we will know you’re serious about getting your MBA, particularly at UNC Kenan-Flagler. The dedication and persistence will be noticed.
If you considered the final deadline for admission but ultimately decided that it was a waste of time, we encourage you to rethink your decision. You might be the student we need to round out the class of 2015.
To help, we have created a downloadable application checklist with tips from the admissions committee on ways to maximize your time when pulling together your application.