Deferred MBA Programs
It feels exciting to finally complete college, right? And I am sure many of you must be looking forward to that illustrious MBA you always dreamt of, but here is an ice-breaker! Most business schools require at least 2-5 years of work experience before you can apply to their flagship MBA programs as many MBA programs strive to be diverse, choosing candidates from different background domains to enrich their learning experience. Thus, if you are still in undergraduate or graduate school, fulfilling this requirement and then applying for an MBA program may seem like the roadblock which seems impossible to overcome
However, don’t loose on hope. as opposed to the traditional path to the MBA, in which you spend roughly three to six years earning real-world career experience before applying, Deferred MBA Programs offer a guaranteed path to business school before diving into the workforce. So, if you have planned for your future and clear on your goals of doing an MBA, a deferred MBA program is the perfect solution of your problem.
Eligibility for the program
Through these programs, you are eligible to apply to some of the top business schools with no work experience or you can apply while you are still in the final year of your undergraduate or graduate studies or are recently graduated. These business schools allow candidates with less or no work experience to apply for their flagship program. Deferred MBA programs give pre-admit to candidates who apply immediately after completing their undergraduate degrees or graduate degrees, or in their final year of undergraduate or graduate study. Selected candidates have the option of enrolling to program after two, three, or four years of gaining relevant work experience.
These programs give you an option to join their MBA class after gaining the necessary work experience in the deferred period. But then also, there remains no commitment on you to finally join to their MBA program
What does Deferred Program look for in candidates?
Deferred programs are available among leading MBA programs, at some of the most prestigious business schools, thus they’re extremely competitive. Thus, to make up for their lack of work experience applicants need to have a great academic record, high GPA’s, possess strong analytical and logical skills. They need strong GMAT™ scores and have demonstrated leadership potential and notable extracurricular experience. Thus overall, an exemplary profile is required to justify their selection over many others.
Why Should I apply to Deferred MBA programs?
Thus, if you have already planned for yourself, and are sure of pursuing an MBA while still having the opportunity to gain valuable work experience, Or if you want access to best career resources early in your career and to be mentored by best minds of the top B-Schools, early in your career, a deferred MBA program is the right fit. Early acceptance gives you a sense of security, confidence, and peace of mind. An offer of admission from a top program also enhances your resume prestige and hedges your career risk. It also allows you extra time to earn money and save up for business school.
Application Process:
GMAT/GRE
When submitting your application, you may report the unofficial GMAT or GRE score given on the day of the test, or your official score if you have received it.
TOEFL/IELTS/ (PTE)
You will be required to have IELTS/ TOEFL/ PTE score in case the native language of the student is not English
Letters of Recommendation (2)
Stories about your behaviors, impact, and personal qualities told by others play an essential role in our evaluation of your application. Your letters of reference should provide specific examples and anecdotes that illustrate your ability and desire to make a difference in the world.
Essays/ SOP
Other parts of the application give insight to your academic and professional accomplishments, the essays reveal the person behind those achievements.
Resume
A current business resume uploaded through an online application system.
Interview
After your written application has been submitted and reviewed, you may be invited to interview
Note: The Application Process differs from School to School. Hence, make sure you go through each school’s official website for further insights.
Top Early MBA programs:
Here are the top programs that offer such deferred enrolment options:
· Harvard Business School 2+2 Program
· Stanford GSB Deferred Enrolment Program
· Yale SOM Silver Scholars Program
· Chicago Booth Scholars Program
· MIT Sloan deferred Program
· Wharton Deferred Admission Program
· Virginia Darden Future year scholars Program
· Indian School of Business Young Leaders Program
· Darden Future Year Scholar Program
Best Wishes
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