Hi,
Can someone please provide some insight into the "Rounds" systems that I'm seeing a lot of top MBA programs using? I'm the first of my friends to go to Business school and I guess Law programs don't really do this. My questions are:
1) Why do MBA programs use "Rounds"? What advantages does this provide them vs. a one time deadline?
2) Are there advantages of applying to Rounds 1, 2, or 3? If so which ones and why? Also if you're application is almost done (i.e. you'll have one GMAT done by Round one but you might be able to make a better application in Round two should you wait for round 2?)
3) Is this the same type of system for most schools or is this questions better directed to an admissions director at the schools I'm looking at themselves?