This seems to be as good a time as any to discuss what I think is a very misunderstood topic – the impact of applying early decision on your odds of admission to an elite school. The assumption here on CC (for most hopefuls) seems to be that there is some large advantage in applying ED. I think this is largely a delusion, driven by some fundamental misunderstandings. I think there are primarily two issues here:
- One is an assumption that the higher admit rates seen in ED reflect a substantially lower standard being used by the schools in the ED round.
- The other assumption is that, whatever the ED advantage is, it generically applies to all ED applicants in a general way.
(Quick note: I’m going to use ED in this whole post, but I really mean Early Decision + Restricted Early Action, because in actual practice these two systems work in substantially the same way. Obviously, ED yields more applicants than REA, but both systems exist to lock in applicants based on expressed preferences.)
Ok, before I get into detail about the misunderstandings above, I’d like to state one simple fact about ED that most people don’t seem to appreciate:
EARLY DECISION exists to serve the school’s interests, not the applicant’s.
The advantages of early decision programs for the schools are many and important – here are some of the more important ones:
- They increase yield and, consequently and more importantly, they drop admission rates.
- They allow schools to break the admissions cycle up and more accurately manage their progress in terms of goals and targets.
- They provide a framework to manage the competition for the most attractive students.
- The RD pool is cleansed of many applicants that preferred other schools, further reducing yield risk.
Now, the automatic objection to this from a lot of people is some variant of “Harvard doesn’t care about rankings and stats” which is just simply not true. Sure, they don’t really care if USNWR sticks them in 3rd place behind Yale and Princeton BUT they most certainly care about their prestige and position in the hierarchy of top schools and if their stats started to slip below their peer schools, heads are going to roll in the admissions/recruiting offices.
I think most of this is fairly obvious, but I think in particular 3) is less obvious to most people. The actual pool of candidates who are true superstars (in terms of test scores, grades, stellar ECs, top quality applications) is much smaller than most people realize – there aren’t really enough of these kids to fill the demand, and the competition for them EVEN at the HYPMS level is fierce.