Round 1 vs. Round 2 MBA Applications

This article was originally published on July 14, 2022. It was last updated on July 30, 2025.

This is the time of year when reality starts to set in for many MBA applicants. That demanding work project, wedding planning, or another major commitment has taken more time than expected, and the application process feels longer and more involved than originally anticipated.

It is also when a common question arises: Should I push to submit in Round 1 or wait for Round 2? Is one round less competitive? Will waiting help or hurt my chances?

The good news is that you still have time to pull together a strong Round 1 application. Here are a few important factors to consider as you make your decision in the coming weeks.

If you’re weighing your options and want expert input, we’re here to help. Request an initial consultation to get personalized guidance on the right timing for you.

Round 1 vs. Round 2: Which One Is ‘Better’?

While there’s no conclusive data to support it – notice all the heavy caveats on any “data” you find – many applicants believe that their chances of admission in Round 1 are higher than in Round 2. The logic (which we believe in) is straightforward – in Round 1, admissions committees are starting with a ‘blank slate’ when it comes to class composition. By Round 2, they have already started to build-out their classes.

Our team of former admissions committee members recommends Round 1, especially for those with 4+ years of experience and/or who are coming from overrepresented industries like consulting and finance. The reality is that the Round 1 vs. Round 2 acceptance rates fluctuate from year to year (we do know clearly that Round 3 is always a very low acceptance rate round for most US schools). 

That said, it’s worth noting that while Round 1 used to be a smaller round, admissions reps have told us that the size difference between Round 1 and Round 2 has leveled out in recent years. More importantly, admissions committees are highly skilled at managing the process across all rounds. They build classes intentionally and proportionally, so there’s little risk that Round 2 applicants are disadvantaged by over-acceptance in Round 1.

Round 1 vs. Round 2: Which One is Right for Me?

Our advice: be conservative. If you’re in a position to apply in Round 1 and your application is strong, go for it. But do not submit a second-rate application just to meet the earlier deadline.

We understand the urge to be done. At this stage, many applicants feel ready to submit and find out where they stand so they can start planning the next year of their lives. But don’t let impatience cost you. This is a highly competitive process, and you need to bring your A-game.

If you are still working through two or more of the items in our MBA Application Checklist under ‘What You Should Have Done Already’, you may want to start thinking about a plan B. We recommend moving forward steadily, but prioritizing quality over speed.

Round 1 vs. Round 2: What Is My Plan B?

Remember, this decision isn’t all or nothing. You can split your applications between rounds. For example, apply to two or three of your five target schools in Round 1 and save the rest for Round 2.

If you choose this route, lead with your top-choice programs in Round 1. If you delay those and receive an offer from a lower-priority school in Round 1, you may need to commit before you hear back from Round 2 schools. In other words, don’t leave any Round 2 schools on your list that you wouldn’t feel comfortable passing up if Round 1 works out differently than you hope.

If you attempt to march forward but ultimately decide you won’t be in a good place to submit any applications by the Round 1 deadline, give yourself a break. You’re making the right decision to put yourself in the best position for success but deciding to do so is hard and can feel a bit like defeat. So go ahead and reward yourself with a week or two off. Reconnect with your friends and family. Go to the gym. See a movie. Do whatever you need to do to clear your head and come back to your applications with a fresh set of eyes and a renewed focus.

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Round 1 deadlines are fast approaching, with HBS, kicking things off in less than six weeks. Not sure if your application is where it needs to be? Let us help. We’ll give you honest feedback and help you get across the finish line with confidence.