<p>Few days ago I submitted my FT MBA application to W.B.S and I think I have pretty good chances getting accepted. W.B.S is the only school I applied to.</p>
<p>I'm considering the chance of deferring an offer for one year as my company is about to start a project I would really like to work in. While W.B.S is allowing deferrals for 1 or 2 years "on a case-by-case basis" I would like to ask all of you first how exactly this "trick" works. Let's suppose I chose to defer the offer for 1 year does this mean I have to accept the offer first ? Will I be obligated to start the program one year later (at the deferred year) or will I have to pay the fees anyway (at least partialy) or something ?</p>
<p>generally speaking, if you get in, you’re going to have to plunk down a deposit (typically $2000) before they’ll even review a deferral request. It used to be that absolutely NO such requests were entertained, and even now, Harvard’s admit letters emphasize in bold face that “this offer is for this year ONLY”. Now, most schools will at least consider deferrals for reasons of (1) your illness, (2) your family’s illness, (3) compulsory military service. i.e., things outside of your control. They are much less forgiving with situations within your control, such as “I’d really like to work on this project”. </p>
<p>Trust me, I’m facing the exact situation myself, where a startup I’m working for is just about to get funded and they desperately need my continued help to survive. I’m going to be appealing for a deferral, but I fully expect to get rejected - and several admissions officers have each told me that my odds are very slim indeed.</p>
<p>But let’s think about your situation rationally for a minute. Suppose you get in. Consider the point in time 3 years from now. At that point in time you can either be (1) Done with your MBA and have one year of full-time post-MBA work experience, drawing post-MBA salary and bonus and being one year closer to promotion, or (2) Just finishing your MBA, having done one additional year of work at your pre-MBA employer, drawing that salary but not advancing your career much.</p>
<p>In scenario 1, you result in more money and more career advancement to go to MBA immediately.</p>
<p>Hi Denzera,</p>
<p>I might not have been very clear, W.B.S is Warwick Business School in England. It is a 1 year FT course, and yes there is a deposit you have to make after accepting an offer (I think somewhere around 1500 GBP) but if this is all it’s not a big problem, unless you are oblidged to pay full fees anyway.</p>
<p>Financially speaking I make good money in my current job so I’m not all that anxious with pre-MBA/post-MBA salaries and this project I’m talking about could be equally important for my career as one year post-MBA work. Anyhow I understand your point and yes it makes good sense also.</p>
<p>I have also considered the possibility of rejecting a possible acceptance and apply again next year (first thing is october). After all if you were accepted once the chances are you will be accepted again, aren’t they ? Unless this is conceived as “rude”, or if normally schools have a “you had your chance and you blew it” policy.</p>
<p>Well, if you’re good enough to gain admission in the first place, and you’re not applying to the hypercompetitive “best schools in the US” set of places, it’s probably not such a huge risk to re-apply. What’s their admission rate, what’s their average GMAT and SAT, and what are yours? For anything but top-10 kind of places, it’s not hard to predict readmission likelihood.</p>
<p>WBS has a small intake (~70 members/class). I don’t know the exact numbers but from various sites on the net I found the following data :</p>
<p>Admission rate : ~3:1
Average GMAT of applicants (according to uni’s site, I don’t know the average of those accepted) : 610 (mine is 720)
I do meet the academic criteria of the programme though GPA / SAT are not applicable in my case as I not from the States or from UK
I’ve far more working experience than required (= 3 years) although not in business/financing/business. I’m working since 2003 in addition to 2 years army service (I’m 33 years old after all).</p>
<p>The only “average” of the school I’m not meeting is languages spoken as I speak only 2 (Greek/English) instead of schhol’s average 3</p>