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While most business schools require you to have between 2-5 years of work experience before you can apply to their flagship MBA programs, more and more business schools are offering deferred early admissions programs for college seniors. College is a great time to apply to business school. Applying now gives you another opportunity for admission, a potentially less competitive peer group to compete against, and much greater flexibility on when to attend. An offer of admission from a top program also enhances your resume prestige and hedges your career risk. There really is no downside. Offers of deferred admission usually give students a guaranteed spot in a future MBA class provided they spend two or more years getting business experience (which you will need anyways to get the most out of business school). Here are the top programs that offer such deferred enrollment options:
Perhaps the most famous of the deferred admission MBA programs is Harvard’s 2+2, established by its famous former director Lee Leopold. While college seniors from any academic background are eligible to apply, some preference will be given to high potential individuals on paths that aren't as well established in leading to graduate business school, including applicants:
Planning to work in an operating company (tech, manufacturing, consumer goods, retail, industrials, etc.)
From a lower socio-economic background (first generation in college, lower-income family background, less family exposure to graduate school)
Going into a technically demanding role
Pursuing entrepreneurship
Students in college or graduate programs (attended directly after college, but not PhD programs, law school or medical school) can apply and defer attending the 2-year MBA program for between 2 and 4 years. To be considered for admission to the 2+2 Program Class of 2024 (entering fall 2022), you must graduate from your program between October 1, 2019 and September 30, 2020. 2+2 applicants pay $100 on the application fee compared to $250 for regular applicants. 2+2 applications have only one deadline: June 1, 2020.
An excellent way into the US business school with the lowest acceptance rate. Stanford actually offers direct enrollment opportunities for college students, however in almost every case this deferred enrollment option is more advisable. Deferred enrollment is open to those who are in your final year of a bachelor degree or a joint bachelor/graduate program, and your degree will be conferred between October 1 last year and September 1 this year OR you are currently enrolled in a graduate program, which you began immediately following an undergraduate or undergraduate/graduate program.
In most cases the deferral requested by GSB for the student is 2 years. Candidates for this program can apply in any round, though Round 3 is slightly preferred, and the reduced application fee is $100.
Stanford intimates that this enrollment option is aimed at college seniors who seek to work in post-MBA industries that either require work experience (consulting) or previous work experience in that same field (private equity, biotechnology).
This deferred admissions fellowship program is only open to undergraduate students studying at the University of Pennsylvania. The Moelis Advance Access Program is a deferred admission program that gives Penn undergraduates a guaranteed pathway to the Wharton MBA after pursuing 2-4 years of work experience. The program focuses on Penn seniors whose academic and career interests expand traditional notions of business education.
Moelis Fellows access the Wharton network and resources during their deferment period and will receive a $10,000 yearly fellowship (or more based on merit) during the 2-year full-time MBA program. Applications open in March with Round 3 and the application fee is waived.
The Chicago Booth Scholars Program accepts applications from any current undergraduate student in their final year of study from all undergraduate institutions. The program allows you to complete the MBA application process while still at your undergraduate institution, then start at Chicago Booth after a conditional 2-4 year deferment period for professional experience. During the deferment period, Booth Scholars are expected to seek substantive work experience that will position them to succeed at Chicago Booth and beyond. Booth Scholars represent diverse interests and backgrounds, and are not limited to STEM or non-traditional applicants.
MIT Sloan MBA Early Admission is currently open to all enrolled full-time students who are:
graduating or have graduated from an undergraduate degree program during the current academic year
graduating from or currently attending a graduate degree program they entered immediately upon completing their undergraduate degree without full-time work experience
If admitted, successful candidates are expected to seek full-time work experience between two to five years. MIT Sloan welcomes applications from all areas of undergraduate concentration, including the humanities, the social and physical sciences, business, and engineering. Applications are typically due in June and there is no application fee for the MIT Sloan MBA Early Admission process.
Truly unique among the “deferred admission” programs is Yale’s Silver Scholars, which is an opportunity for college senior to pursue a Yale MBA degree immediately after graduation and begin an accelerated career path in any industry. Yale is looking for college seniors who will be future leaders in business, government, and nonprofit endeavors.
A three-year program, Silver Scholars spend the first year completing the core curriculum at Yale, the second year in an extended full-time internship, and third year taking elective coursework back at Yale before graduation. Extended internship placements include start-ups, government education departments, general management roles in large corporations, and investment firms. Though the Silver Scholar is different in character than the traditional MBA programs, it offers students a “first class ticket” at this prestigious business school that is rocketing up the rankings.
The Columbia Business School Deferred Enrollment Program offers undergraduate students the opportunity to gain a few years of work experience with a guarantee of admission to Columbia's highly selective MBA program, and the flexibility to begin the full-time program 2-5 years after college graduation. The program accepts applications from students of all academic and personal backgrounds. Students who are graduating during the current academic year from a bachelor's degree program and students completing a graduate degree program (candidates must have started the graduate degree program directly after completing their undergraduate degree) are eligible to apply. Students enrolled in Ph.D. programs, law school, or medical school are not eligible. There is no application fee and applications are usually due in June.
College seniors and Master’s students who went directly into a graduate program from undergrad are eligible to apply to the Kellogg Future Leaders program. There is no preference for majors in any particular discipline. Once admitted, Kellogg will hold your spot for 2-5 years while you gain work experience. There is no application fee to apply, and applications are typically due in June.
This year Berkeley Haas is piloting a brand-new deferred admissions program. In the 2020 pilot cycle, the Accelerated Access program is exclusively available to UC Berkeley undergraduate seniors and graduate students in their final year of study who enrolled in their graduate program immediately after completing undergrad, without gaining full-time work experience. The program allows you to complete the MBA application process while in your final year of study, gain conditional admission, and then start your study at Berkeley Haas after a 2-5 year deferment period for professional experience. Students from diverse backgrounds and academic disciplines are encouraged to apply. There is no application fee. There are two application deadlines: Round 1 deadline in early April and Round 2 deadline in early June.
College students in their final year of study and fifth-year master’s students can apply to Darden’s Future Year Scholars Program. Admitted scholars may choose to begin their MBA after gaining 2-4 years of work experience. This program is a little unusual in that there are 4 deadlines – January, April, June, and August. There is no advantage to applying in an earlier deadline. Darden is not looking for students from a specific academic background. Admitted scholars will be considered for merit-based award at the time of admission (and will be considered for additional scholarships at the time of matriculation) and will receive a personal Darden mentor. There is no application fee to apply.
The global Coronavirus disease (COVID-19) has upended nearly every aspect of life as we know it. For those of you who are still wrapping up your business school applications for the class of 2022, what does this mean for you?
Many top business schools have extended deadlines for Round 3 and deferred MBA applicants. Additionally, business schools realize that many people who had no intention of applying to business school this year may now suddenly find themselves out of a job, causing them to re-evaluate their career plans and making applying to business school seem like a good option. These extended deadlines and relaxed testing deadlines give them a chance to apply. Read on for school-specific information and helpful links.
Instead of April 2, 2020, the 2+2 new application deadline is June 1, 2020 at noon ET. Decisions will be released on July 28, 2020 at noon ET. In a blog post published by Chad Losee, Managing Director of HBS Admissions, HBS reaffirmed its commitment to international students. “Today I want to reaffirm that HBS MBA Admissions will continue to admit the most talented international and domestic applicants, irrespective of citizenship, as we strive to build a class of leaders who will make a difference in the world…Any international admitted student who is unable to start the program due to a visa issue despite their best efforts will be deferred to next year’s MBA class."
Round 3 deadline remains April 8th, 2020 at 2pm PT. Applicants are allowed to submit required exam scores after the Round 3 deadline. If you cannot submit your scores before they post decisions on May 21st, 2020 and you are considered to be a competitive applicant, they may invite you to join the waitpool until they receive your scores and can further consider your candidacy. Test scores are accepted up until August 1st, 2020. You may be invited to interview without test scores but you will not be admitted without a test score.
The deadline Round 3 has been extended to April 15th and for Advance Access to May 27th. Round 3 and Advance Access applicants can submit their applications without having sat for a standardized test. Please see the admissions website for instructions on how to enter your scores into the application. If admitted to Wharton, you will be admitted with the condition that official testing will be submitted before arriving on campus on August 10th, 2020 for Round 3 applicants and before December 31st, 2020 for Advance Access Applicants.
We will maintain our Round 3 deadline of March 30, and we will also allow applications on a rolling basis thereafter in a one-time Round 4 for those who need additional time. You can submit a Round 4 application on a rolling basis from April 1 to June 1. We’ll return decisions on a rolling basis -- as soon as possible from May 11 to July 1. You will still need all required materials to apply, including test scores. International applicants, especially those currently residing outside the U.S., are strongly encouraged to apply as soon as possible to account for expected visa delays at international embassies. Applicant-initiated interviews have been suspended for the remainder of the application cycle, while committee-initiated interviews will be conducted virtually for this cycle.
The Round 3 deadline has been extended from April 2nd, 2020 to May 31st, 2020. Applications submitted after April 2nd will receive decisions on a rolling basis. Due to global GMAT/GRE test center closures, for applications submitted by the deadlines noted above, we will accept test scores through an extended deadline of July 1, 2020.
Round 3: The timeline for MBA Round 3 remains the same. All applications must be submitted by 3:00pm EST on April 9, 2020.
Early Admission: The timeline for MBA Early Admission applications has been extended, the new deadline is June 2, 2020. All applications must be submitted by 3:00pm EST on June 2, 2020. Applicants invited to interview will be notified in mid-June and all interviews will be conducted via Skype. Final decisions for MBA Early Admission will be released on July 15, 2020.
Standardized Tests: MBA Early Admissions applicants who are unable to take and/or secure official test scores due to limited access to test facilities should email us at earlymbaadmissions.mitsloan@mit.edu to request a temporary waiver to complete the exam. If admitted, your offer will be conditional upon a minimum score set forth in your offer letter.
“I chose to work with Nate, Anna, and the team at Ivy because they clearly stood out from the competition. The team is small, the consultants are deeply focused on the client as an individual, and the narrative approach is unlike anything you will find elsewhere. I was very skeptical about the possibility that I'd be able to generate a cohesive story about my career, which has included three seemingly unrelated jobs. Through the Narrative Bootcamp process, Nate demonstrated an uncanny ability to draw connections between my past experiences. He helped me pinpoint genuine threads of similarity that I would not have identified on my own. Nate and Anna were extremely professional and responsive, and they were a pleasure to work with. Most importantly, they helped me prepare my best possible application, which means I can look back on the whole process with no regrets.”
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Ivy Admissions made all the difference. My consultants were there to support me throughout the entire process from getting my GMAT up into the 99% range to deciding between offers. I truly appreciated their professional and friendly approach. I felt comfortable with them instantly, and they proved to be an invaluable resource to me during this process. I would not have gotten the scholarships offers that I did if they had not been there to refine my story and push me.
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My work with Nate and Anna was super helpful. The industry I work in tends to be a bit insulated, and it was nice to have my story gutted from the outside. The feedback I received in the hourly service, pushes on my personal narrative, and the reflections I received on my interview answers were applicable across the schools I applied. Their support helped me present a balanced application to secure admission to my first-choice school with a named fellowship and some $$.
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Rod Garcia, the assistant dean of admissions at MIT Sloan, announced the creation of a formal deferred admissions MBA program at MIT Sloan similar to other successful ones at HBS and Stanford GSB. In fact, MIT Sloan had for a few years operated a sort of “backdoor” deferred admissions program for college seniors, but this announcement is good news because it signals an expansion of the program, formalizes the process, and take a lot of the guess work out for potential applicants.
Applicants may come from any undergraduate institution (not just MIT)
Undergraduates may apply if they are graduating during the current academic year
Graduate students may apply if they are graduating during the current academic year and entered their program directly after leaving college (i.e. have no full-time work experience)
If admitted, students come to Sloan for their MBA after accumulating between 2 and 5 years of work experience (similar to how HBS and Stanford does it)
Applications due: Monday, April 8, 2019, 3:00 p.m., EST
The admissions committee notifies applicants of their decisions: Wednesday, May 8, 2019
Admitted applicants must reply to their offers: Sunday, June 1, 2019
We’ve long written about the benefits of applying to MBA programs while still in college, and all those arguments remain true for MIT Sloan, one of the most exclusive MBA programs in the country whose alumni have founded fortune 500 companies such companies as E*Trade, Hubspot, Zipcar, and Akamai Technologies. A deferred admission offer allows students to pursue much riskier opportunities early in their career, increasing their earning potential and limiting their downside with the MBA offer.
Interested in applying? Fill out our “What are my odds?” link and we’ll chat about building your case for:
Why a deferred MBA program is right for you and why MIT can’t simply wait to admit you later
What compelling narrative you can write that will help you stand out in a an MIT Sloan applicant pool where 87% of candidates are rejected
What specific resources you need from MIT, such that you can’t get your MBA from anywhere else
Assurance you can give MIT that you’re not applying to them as a backup to HBS or GSB
An increasing number of business school students are now completing their MBAs as part of a dual degree program that will award them another graduate school degree. Popular dual degree options include JD/MBA, MD/MBA, Master of Public Health/MBA, Masters of Public Policy/MBA, and all sorts of other MA and MS programs from education to electrical engineering. But what are the pros and cons of these programs?
Attending the Tuck School of Business in Hanover, NH gives you all the access and prestige of Ivy League Dartmouth College. Attending as part of the dual degree program at Harvard Kennedy School, just a bus ride away on the Dartmouth Coach, would give you access to the resources and network of Harvard University as well. If you're only as good as the last school you attended, dual degree programs are excellent opportunities to pump your resume full of brand names and broaden the alumni networks to which you have access. One friend of mine completed the dual program at MIT Sloan and HKS and went to work in China, where his boss inevitably introduced him to clients as "our new hire from Harvard."
Attending a world-class MBA program will give you a robust network of business leaders across traditional private sector industries such as consulting, finance, and technology. Adding in a dual degree program in public policy will also give you access to leaders across local, state, and federal government, as well as diplomats, non-profit leaders, and academics. As more of the world's challenges become interdisciplinary, individuals who can straddle the line between the public and private sectors will be the ones best able to capitalize on the opportunities. Or, if you plan on going into a technical field such as quant hedge funds, distressed equity, healthcare management, or hardware start-ups, having colleagues from programs in mathematics, law, medicine, and computer science will give you an incredible leg up against the traditional MBA competition.
Almost all dual degree programs allow you to complete two degrees one year faster together than you could if you did them separately. For example, a JD from Yale Law School takes three years while an MBA from Stanford GSB takes two. Separately, it would take five years to complete, but together you can complete them in four. If you are gung-ho on attending two different programs already, completing them in a dual degree program is a much more efficient use of your time. You'll pay one fewer year of tuition, and get back into the working world making a good salary one year faster.
Business Schools teach students how to lead others and develop processes that will make their organizations more efficient. Government Schools teach students where to lead and inspire them to spend their lives tackling the most difficult challenges of our times. Other graduate programs confer specialized knowledge that will prove invaluable in gaining the credibility to lead experts.
An often overlooked benefit of graduate school is that it provides you with the opportunity to apply for scholarships. These are ostensibly for money, but often come with great prestige as well -- the kind that would look good on your resume. Many scholarships, however, do not accept applications from MBA students, so a dual degree gets you around that. Also, if you apply to schools that confer graduations honors for GPA, theses, or other work, going to two schools gives you two bites at the apple.
Not everyone knows exactly what they want to do when they arrive at business school. As you settle in for your MBA at MIT Sloan, you might decide that you actually are drawn less to the engineering, technology, and logistics disciplines of MIT and more to the pubic sector work of government and non-profits. Fortunately the dual degree program at Harvard Kennedy School lets you apply to HKS in your first year at Sloan. And vice versa. Say that you are going through the core curriculum at HKS and decide that you're much better suited to consulting. You can apply to MIT, add in an MBA, and then be better positioned to recruit for McKinsey or BCG.
Getting another degree is an amazing opportunity, especially if you can save an year of time and tuition when doing it in a dual degree program. However, when compared to doing a solo-MBA, the added cost of another year of school (in the case of a three-year program) can be daunting. You'll have to pay ~$60k of tuition and fees and forego one year of salary at the starting MBA rate ~$125k. That's a large chunk of money to make up over the course of your working career. Of course, MD and JD students who have already prepared themselves for the long-slog of school see the marginal cost as relatively lower and the benefits of the additional MBA on their future careers is great.
Unlike integrated "joint degree" programs where academic deans have established well defined pathways for pursuing two degrees, often bolstered by a steady pipeline of concurrent degree students who can help show you the way, unintegrated programs mean that you have to fend for yourself. If you're not the kind of go-getter who can coordinate with two different sets of graduation requirements and two different registrar offices, this option may be a little stressful.
Depending on when you sequence business school in your dual degree program, you may not graduate with your MBA class or spend much time with them after the core curriculum part of the degree is over. This can be a serious downside considering that the network is a key part of value proposition in MBA programs.
If you decide to do a concurrent degree at two different schools, it is likely that you will have to pack up your apartment and move at least twice in a three year period (notable exceptions include the dual degree program between MIT Sloan and Harvard Kennedy School). For ex-consultants, living out of a suitcase for three or more years might not sound so bad, but for the rest of us this can have a negative effect on quality of life. Even if you decide to pursue two degrees at the same university, graduate school campuses are rarely co-located and so even if you keep your apartment, you still will have to shuttle back and forth across as variable commute (notable exceptions include programs between Harvard Business School and Harvard Kennedy School, which are located just across a walking bridge from each other). Of course, if for some reason you would like to be in two different cities over the course of your study (e.g. to be close to two different sets of family, you didn't get into the desired program in your #1 city and are using a dual degree to form a back-up option), this can be a blessing.
While a 2-year MBA program is the desire and envy of many a business school applicant, an increasing number of MBA students are now completing their studies as part of a "joint" or "dual" degree program. As far as semantics go, "joint" programs integrate two different degrees into a unified course of study, often housed within the same university, while "dual" degrees often span two different universities and are pieced together by the student.
Kellogg at Northwestern is pretty restrictive, offering only a 2-year dual masters program in Design Innovation, and its 3-year JD/MBA with their Law School. HBS is more open but still pretty restrictive, offering only joint degrees and only with Harvard Kennedy School, Harvard Law School, Harvard Medical/Dental School, and (most recently) Harvard School of Engineering & Applied Sciences. Stanford GSB is more open, offering concurrent degree options with Harvard Kennedy School, Harvard Medical School, Johns Hopkins School of Advanced International Studies (SAIS), Princeton Woodrow Wilson School of Public and International Affairs, Yale Law School, Yale Medical School, and any of Stanford's other graduate programs from Education to Electrical Engineering.
Booth at University of Chicago: UChicago MS Computer Science, JD, MD, MPP, MA Social Services Administration, MA International Relations;
Columbia Business School: Columbia MS Urban Planning, DDS, MS Engineering and Applied Science, MA International and Public Affairs, MS Journalism, JD, MS Nursing, MD, MPH, MS in Social Work, MA in Private School Leadership
Darden School at UVA: UVA MD, JD, MEd, MS Data Science, MPP, MPH, MA Government, MA East Asian Studies, ME Engineering, MS Nursing, PhD
Duke Fuqua School of Business: Duke JD, MD, MEM, MPP
Haas at University of California—Berkeley: Berkeley MPH, JD
Harvard Business School: HKS, HLS, HMS, Harvard Dental, Harvard Engineering
Kellogg at Northwestern University: Northwestern JD, MS in Design Innovation
MIT Sloan School of Management: HKS, MIT Department of Urban Studies, LGO
Stern School at NYU: NYU MD, MFA, JD, MPA, MS Biology, MS Mathematics Finance, DDS, HEC
Stanford Graduate School of Business: Stanford JD, MPP, MD, MA Education, MS Computer Science, MS Electrical Engineering, MS Environment and Resources, HKS, SAIS, WWS, YLS, YMS
Tuck School at Dartmouth: Dartmouth MD, MPH, or PhD, HKS, SAIS, Tufts Flecher, Vermont Law School
Wharton School at The University of Pennsylvania: UPenn MA in International Studies (Lauder), JD, Education, Engineering, Environment, Design, Health Care Management, Medicine, Nursing, Social Work, Veterinary Medicine, SAIS, HKS
Yale School of Management: Yale JD (3 or 4 year), MEM or MF Forestry & Environmental Studies, MA in Global Affairs, MD, MPH, MARCH Architecture, MFA, MA Divinity, PhD, MD
College is a great time to apply to business school. Applying now gives you another opportunity for admission, a potentially less competitive peer group to compete against, and much greater flexibility on when to attend. An offer of admission from a top program also enhances your resume prestige and hedges your career risk. There really is no downside. Offers of deferred admission usually give students a guaranteed spot in a future MBA class provided they spend two or more years getting business experience (which you will need anyways to get the most out of business school). Here are the top programs that offer such deferred enrollment options:
Perhaps the most famous of the deferred admission MBA programs is Harvard’s 2+2, established by its famous former director Lee Leopold. Seen as a tactic to pluck out high-prestige students who might otherwise be attracted by the prospect of law school, 2+2 is now a leading feeder of STEM students, among others, into its rigorous case-based classes. 60% of 2+2 admits come from STEM backgrounds and 20% come from international students.
Students in college or graduate programs (attended directly after college, but not PhD programs, law school or medical school) can apply and defer attending the 2-year MBA program for between 2 and 4 years. To be considered for admission to the 2+2 Program Class of 2022 (entering fall 2020), you must graduate from your program between October 1, 2017 and September 30, 2018. 2+2 applicants save $150 on the application fee compared to regular applicants.
An excellent way into the US business school with the lowest acceptance rate. Stanford actually offers direct enrollment opportunities for college students, however in almost every case this deferred enrollment option is more advisable. Deferred Enrollment is open to those graduating between October last year and September this year from either college or a graduate program you immediately enrolled in after college, as well as current law school and medical school students. In most cases the deferral requested by GSB for the student is 2 years. Candidates for this program can apply in any round, though Round 3 is slightly preferred, and the application fee is $100.
Stanford intimates that this enrollment option is aimed at college seniors who seek to work in post-MBA industries that either require work experience (consulting) or previous work experience in that same field (private equity, biotechnology).
The newest deferred admission program on the market! Open only to undergraduate students studying at the University of Pennsylvania, the Moelis Advance Access Program is a deferred admission program that gives Penn undergraduates a guaranteed pathway to the Wharton MBA while they pursue quality work experience. Moelis Fellows access the Wharton network and resources during their deferment period and will be considered for a $10,000 per year fellowship during the 2-year full-time MBA program. Applications open in March with Round 3.
Truly unique among the “deferred admission” programs is Yale’s Silver Scholars. A three year program, Silver Scholars spend the first year completing the core curriculum at Yale, the second year in an extended internship, and third year taking elective coursework back at Yale before graduation. Extended internship placements include start-ups, government education departments, general management roles in large corporations, and investment firms. Though the Silver Scholar is different in character than the traditional MBA programs, it offers students a “first class ticket” at this prestigious business school that is rocketing up the rankings.
Booth offers two programs aimed at college students. The first is the Booth Scholars Program, which provides fourth-year students studying at the University of Chicago a special opportunity to apply to Booth’s Full-Time MBA Program prior to graduation and defer enrollment for three years. During the deferment period, Booth Scholars are expected to seek substantive work experience that will position them to succeed at Chicago Booth and beyond.
Booth also accepts applications from college seniors looking to directly attend Booth after college. These candidate apply through the regular process, but their application fees are waived.
Though MIT never explicitly states that it has a deferred admission program, it does! You can see implicitly from its FAQs, notably
"We offer fee waivers to the following applicants:... Current college seniors who are U.S. citizens and who will graduate from a U.S. university in 2018"
Q: "Do you offer deferrals?"
A: "Our general policy is not to defer admission, except in the case of college seniors who wish to get work experience before returning to school."
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